During the forecast period, the market for electronic batch records is anticipated to expand at a CAGR of 12.6%. To attain an anticipated valuation of US$ 7746.6 million by 2032, this is anticipated to exceed US$ 2362.4 million in 2022.
Electronic batch records (EBRs) are crucial in ensuring the efficient and safe production of medicines and other pharmaceutical products. The basis of any production process in the world of strict auditing and compliance is detailed, verifiable records. The need for electronic batch records may rise as a result.
Automated batch records reduce costs while also offering paperless alternatives to paper batch records and making it simpler to trace the history of automated batches online.
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Market drivers & challenges
Many industries are planning to shift to automation thereby reducing the overall human resource cost which is a major driver for the market. The need to improve workflow and efficiency of industries was also a major driver for electronic batch records market. With the evolution of information technology and adoption of ERPs along with EBR was also a major driver for electronic batch records market.
Challenges of electronic batch record market are fraud detection and need for adequate testing to be done before implementing. Compliance with established government standards and regulations is another major challenge. Another major challenge was handling multiple manufacturing styles as every industry has own characteristic data models.
Electronic Batch Records Market: Competitive Landscape
The electronic batch records market is highly fragmented due to numerous manufacturers in developed and emerging regions. Companies in the market are increasingly investing in research and development to develop new and innovative techniques to provide innovative software solutions.
By implementing software for electronic batch records in regulated industries, manufacturing plants are transitioning from paper-driven to smart digital factories.
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Some other major key players of Electronic Batch Records are:
- Emerson Electric Co
- ABB
- Schneider Electric SE
- Siemens AG
- Accelyrs
- SAP SE
Key Segments Profiled In The Electronic Batch Records Market Survey
By End-User:
- Pharmaceuticals
- Life sciences
- Automobile
- Others
By Region:
- North America
- Latin America
- The Asia Pacific
- MEA
- Europe
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Investment Feasibility Matrix
3.6. PESTLE and Porter’s Analysis
3.7. Regulatory Landscape
3.7.1. By Key Regions
3.7.2. By Key Countries
3.8. Regional Parent Market Outlook
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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