About Knowledge Management in Pharmaceutical
Knowledge management in pharmaceutical consists of identifying the store, sharing, and reusing their own data, external information, and especially the knowledge within the pharmaceutical industry and experience of employees. Knowledge management is a systematic approach to acquiring, storing, and disseminating information regarding the pharmaceutical industry including the product information, manufacturing process, and components. It is important in the pharmaceutical industry to boost the efficiency of the companies, ensuring the access of employees to the overall expertise and also a smarter workforce for the overall efficiency of the pharmaceutical companies.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies are exploring the market in new geographical regions by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, new product launches and many others. The market leading players are exploring new opportunity areas through expansions and acquisitions across the globe to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Knowledge Management in Pharmaceutical market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Oracle Corporation (United States), IBM (United States), SAP SE (Germany), Lucidea (Canada), Bloomfire (United States), Knosys (Australia), Clinerion Ltd. (Switzerland), ProProfs (United States) and Semedy, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Altair Engineering (United States), Knosys (Australia) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Knowledge Management in Pharmaceutical market by , Application (Medical Biotechnology, Animal Biotechnology, Agricultural Biotechnology, Environmental Biotechnology and Forensic Biotechnology) and Region.
On the basis of geography, the market of Knowledge Management in Pharmaceutical has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Software will boost the Knowledge Management in Pharmaceutical market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Andriod will boost the Knowledge Management in Pharmaceutical market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System, the sub-segment i.e. Feedback Database will boost the Knowledge Management in Pharmaceutical market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Knowledge Management in Pharmaceutical for Drug Discovery and Research
Market Growth Drivers:
The Need for the Accumulating, Storing and Sharing Knowledge in the Pharmaceutical Operations and Increasing Demand for the Efficiency in Pharmaceutical Industry
Challenges:
Dependency on Knowledge Contributors and Competition in Knowledge Management in the Pharmaceutical Market
Restraints:
The requirement of Skilled Professional for Knowledge Management
Opportunities:
Growing Demand for Knowledge Management in Pharmaceutical With the Rising Need for Vaccine for COVID-19
Market Leaders and their expansionary development strategies
In November 2019, Clinerion announced the partnership with Semedy to incorporate Semedy’s Clinical Knowledge Management System technology into Clinerion’s Patient Network Explorer. The various terminologies will be mapped to commonly used ones such as ICD10, ATC, SNOMED and LOINC. The resulting integration will enable scalable information exchange, semantic interoperability, and advanced analytics. This complements Clinerion’s pre-existing proprietary patent-protected Ontology Management System by providing a system for managing and mapping the database of terminologies and ontologies powering Patient Network Explorer as Clinerion’s network of partner institutions continues to expand.
In August 2023, Cipla announced the launch of CiplaMed 2.0, an enhanced version of the industry-leading knowledge platform for the medical fraternity. In line with its digital transformation agenda, Cipla is pioneering an integrated omnichannel experience for healthcare professionals that seamlessly combines in-clinic interactions with digital engagement and access to medical information.
Key Target Audience
Knowledge Management Industry Associations, Pharmaceutical Industries, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.