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It is of utmost importance to maintain the highest safety standards during drug manufacturing and managing pharmaceutical products.With Industry 4.0, automation, Big Data, Machine Learning, Artificial Intelligence and systematic operations management, different Enterprise Resource Management (ERP) tools have become integral in the pharmaceutical quality control processes.Advanced technology is undoubtedly becoming the backbone of futuristic quality assurance in the pharma and biotech industry.The pharmaceutical industry stands at a pivotal conjunction point of technology and subject matter expertise.

At pharmaceutical companies, scientists and top executives look at the latest technologies like complete digitization of operations, automation at manufacturing units, and Big Data and Machine Learning to maintain records.The (pharmaceutical) industry increasingly wants more out of their data, and the focus in manufacturing data analysis is about quality, not quantity.– JOE HAUGH IN AN ARTICLE FOR THE EUROPEAN PHARMACEUTICAL REVIEWThe ongoing Covid-19 pandemic and the ensuing search for a vaccine has shown the world that with the help of technology, it is possible to witness a never-seen-before feat of producing a potential vaccine candidate in mere months for a novel virus.

Manufacturing and supply of potential drugs to even the remotest parts of various countries are plausible with robust ERP models and streamlined supply chains.FIGURE: 1Pain Points: Quality Control in the Pharmaceutical IndustryLet us take a deep dive into understanding the different ways technology helps reshape methods of quality control in the pharma sector.01.The Automation Effect: Mitigating Errors, Reducing Process Time and Saving EffortsBusinesses have discussed automation in pharmaceutical manufacturing for a long time, but this technological advancement is a boon in quality control.

Pharmaceutical companies can leverage automation within quality assessment by reducing manual documentation efforts to cut margin errors and automatically carry out a quality check for batches or samples.02.A Robust ERP System: The Way Ahead for Comprehensive Quality Control Process OptimizationQuality control happens at various stages throughout a drug’s lifecycle.

Companies can effectively address the issues with a robust ERP system.

A system that provides a centralized database visible to all stakeholders in real-time helps drive better business decisions.

According to research report the IVD Quality Control Market is projected to reach $1,158 million by 2025 from $961 million in 2020, at a CAGR of 3.8% during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=198032582 Some of the factors driving the growth of the In Vitro Diagnostics Quality Control Market are increasing number of accredited clinical laboratories, rising demand for external quality assurance support, and growing adoption of third-party quality controls.

Based on applications, the IVD quality control market is segmented into clinical chemistry, immunochemistry, hematology, coagulation & hemostasis, microbiology, molecular diagnostics, and other applications (ESR, urine chemistry, immunology, cardiac assessment, and blood morphology).

This growth can be attributed to the rising prevalence of infectious diseases, cancer, and various genetic disorders; the growing demand for blood screening; and the increasing application of molecular diagnostic technologies in pharmacogenetics and point-of-care testing.

The serum/plasma based quality control segment is expected to dominate the market in 2019.

The large share of this segment is mainly attributed to the greater uptake of serum/plasma-based quality controls among laboratories and the widening application areas of these controls for various IVD tests.

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Healthcare OEM Market Information, by type (healthcare software, Medical device and instruments), by OEM solutions (Quality control and regulatory compliance, Manufacturing and fabrication, Packaging and sterilization, Product design and development, Order fulfillment & flexible distribution, Technical support, Project management), by application (Healthcare administration, Dentistry, Surgery, Laboratory, Veterinary, Pharmaceutical and cosmetics, Ophthalmology, Dialysis, Others) - Global Forecast till 2027Market InsightsThe global healthcare OEM market is set to witness a CAGR of USD 16.2% during the forecast period of 2017 to 2023.

The global healthcare sector is booming with advancing technologies and a rising patient pool, thus driving the demand for a wide range of medical products.

OEMs are essentially responsible for the most instruments and devices used in the healthcare sector, including software designed specifically for healthcare use, thus consistently driving market growth as the requirements and demands are always changing.

A growing emphasis on high-quality products and optimal utilization of resources which have led to reduced costs are some other drivers that will ensure market growth.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/762The highly competitive market is likely to challenge the entry of new players in the market which will hinder market growth.

However, the abundant availability of opportunities for growth in the market is expected to make the market highly lucrative for market participants in the coming years.Market SegmentationMRFR has performed an in-depth segmental analysis of the market on the basis of type, OEM solutions, application, and region.

Healthcare software is sub-segmented into billing & claims management, front/back-office operations, provider management, OT management, financial management, HR, and others.

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