Top five forces shaping life sciences in the future--#1 Regulations: A Top-of-Mind Concern

New white paper from PMMI Business Intelligence outlines the top five forces shaping the pharmaceutical and medical device markets. Regulatory compliance drives all conversations.

As the pharmaceutical and medical device industries continue to evolve, one topic sits prominently in all manufacturers’ minds: regulation. Government regulation has presented new hurdles to the pharmaceutical and medical device industries within the last decade, requiring manufacturers to adapt their processes to meet changing production demands of speed, flexibility, and safety while continuing to comply with regulations. 

For the pharmaceutical industry, the track and trace requirements involved with serialization (and eventual aggregation in 2023) require new sensors, software, and automated machines, as well as new integrated systems to track, monitor, and verify products throughout the supply chain.

For medical device makers, the Unique Device Identification (UDI) requirements have imposed new class-based regulations on medical devices, with each class outlining mandatory changes to development, testing, reporting, and marking requirements. 

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