Credence Research has recently published a market research study that includes elaborative analysis which was result of an extensive research methodology for Electronic Batch Record (EBR) Software market with estimations from 2018 to 2026. The highlights of this report are drivers, restraints and opportunities of Electronic Batch Record (EBR) Software market, offered across the recent and estimated timeline till 2026.
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Major report takeaways are competitive landscape assessment, attractive investment proposition, and brief profiles of companies operating in Electronic Batch Record (EBR) Software market which will give 3600 view for the market dynamics. Companies are profiled on the basis of vital data points such as business overview, financial synopsis, product/service portfolio, and news coverage accompanied with recent updates specific to Electronic Batch Record (EBR) Software market. The cross-sectional geographical analysis covers regions such as North America (U.S & Canada), Europe (U.K., Germany & Rest of Europe), Asia Pacific (China, Japan, & Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East & Africa (GCC & Rest of Middle East & Africa).
Key research study highlights comprise:
- Exhaustive research and analysis of the global Electronic Batch Record (EBR) Software industry
- The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
- Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Electronic Batch Record (EBR) Software market is also covered in the report
- Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering & business strength
- Cross sectional analysis of each region covering individual segments for the forecast period 2016 – 2018 in terms of value (US$Mn)
Research methodology applied for this study:
Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global Electronic Batch Record (EBR) Software market specific to key segments, and regional segmentation.
- Secondary Research
Secondary research was initiated with data collected through sources such as press releases, company annual reports, and relevant documents focusing on the current developments in the global Electronic Batch Record (EBR) Software market. Authentic sources such as university research papers, scientific journals, and government websites were similarly screened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in Electronic Batch Record (EBR) Software market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of Electronic Batch Record (EBR) Software market study.
- Primary Research
The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help of e-mail interactions, telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.
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The participants tracked for primary interviews include:
- Marketing/product managers
- Vice President/ CEOs
- National sales managers
- Market intelligence managers
- Purchasing managers
- Other stakeholders
The overall electronic batch record (EBR) software market is categorized, on the basis of end-users, as per the following:
- Food & Beverages
- Chemicals & Polymers
- Consumer Products
- Others (Oil & Gas, Automobile etc.)
Their contribution to the global electronic batch record software market in 2016 is as shown in the figure below:
In 2016, the global electronic batch record software market was collectively led by pharmaceuticals and biotechnology segments, accounting for more than 60% of the overall market value generated worldwide. Pharmaceuticals and biotechnology industries are highly bound with regulations pertaining to process control, quality control and assurance. In order to comply with the regulations enforced by authorities, healthcare organizations are forced to embrace sophisticated technology solutions for seamless processes.
Batch record management is one of the most crucial aspects of pharmaceutical manufacturing and research designed to ensure optimum quality of the products. However, due to significant amount of errors and time consumed, manual batch record management has proven to be less effective. Being among the pioneer industries in terms of adopting advanced process automation technology, pharmaceuticals and biotechnology segments are expected to remain dominant in the market throughout the forecast period.
Pharmaceuticals and biotechnology segments are followed by food & beverages segment in the market. Due to continually growing adoption of process automation and quality management systems in food & beverages, the segment is projected to register the highest growth in the market over the forecast period. In addition, growing competition in the industry has compelled the manufacturers to ensure high quality production and process flow in their facilities. Subsequently, food & beverages has emerged among the most promising end-users for EBR software and related quality management solutions.
Based on the geography, the global electronic batch record (EBR) software market is segmented as per following regions and countries:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Asia
- Rest of Asia Pacific
- Rest of the World (RoW)
- Middle East & Africa (MEA)
- Latin America
The overall electronic batch record software market growth is primarily dependent upon stringency of quality management regulations. In addition, penetration of process automation solutions, technology infrastructure and acceptance play a major role in supporting the market growth. In 2016, North America accounted for the largest share, in terms of value and penetration, of the overall EBR market worldwide. The market here is primarily governed by the U.S. accounting for more than 83% of the overall regional market value.
The U.S. healthcare industry is bound with stringent regulations leading to higher demand for related quality management solutions. In addition, the region enjoys presence of numerous leading quality management solution vendors such as Rockwell Automation, Inc., Honeywell-POMS, Sparta Systems, Inc., MasterControl, Inc., MetricStream, Inc. and several others. Comprehensive product offering by these companies across the entire quality management segment significantly encourages the consumers to adopt these solutions (such as EBR). In the following years, Asia Pacific is projected to register the highest growth across the global market. The growth can be attributed to increasing adoption of process automation along with rapidly growing healthcare sector here.
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