Market Insight: Quality Management Systems (QMS) For Life Sciences

Executive Summary

Quality is a fundamental component of highly regulated industries, ensuring product safety, consistency and regulatory compliance. Firms in the life sciences sectors – spanning biotechnology, diagnosis, medical devices and pharmaceuticals – all focus on providing products to improve human health. Defects in these products can place the consumer in grave danger through an adverse effect to their health or by failing to identify key trends during patient diagnosis, potentially leading to further illness and – in severe cases – death. Organizations are thus at risk of further consequences such as financial penalties, imprisonment and negative brand reputation. Consequently, firms in these industries operate under stringent regulations to ensure that the products manufactured meet quality standards and remain consistent. This report delves into the regulatory standards that are driving quality management in life sciences sectors, as well as highlighting unique software functionality that can help organizations improve quality processes to meet these rigorous demands.