Optimizing PLM Technology for the Pharmaceutical Industry (Technology Focus)

Publication Date	July 2007
Publisher	Datamonitor
Product Type	Brief
Pages	13
ISBN Number	not applicable
Product Code	DAT05980

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Summary

Introduction

Datamonitor views product lifecycle management (PLM) technology as one of the most rapidly growing market in the pharmaceutical industry due to its inherent focus on time to market and product development, key business priorities in this market.

Scope

PLM software and services
Geographic coverage includes North America, Western Europe and APAC
Pharmaceutical sectors cover Big Pharma and Biotech

Highlights

Pharmaceutical product lifecycle management technology is gaining momentum

PLM technology should align to the pharmaceutical industry's business challenges

Six technology features reflect how PLM technology is aligned to the industry

Reasons to Purchase

Understand how PLM technology aligns to the pharmaceutical industry pain points
Learn the six technology attributes that make PLM attractive to Big Pharma and Biotech companies

Content

Datamonitor View
Catalyst
Summary
Analysis
- Pharmaceutical product lifecycle management technology is gaining momentum
- A variety of challenges is driving pharmaceutical companies to implement PLM solutions
- Cultural and technological barriers have inhibited wider adoption of PLM in the pharmaceutical market
- PLM in the pharmaceutical industry is poised for strong growth
- PLM technology should align to the pharmaceutical industry's business challenges
- Digitizing research information earlier in the product lifecycle is an essential first step towards PLM
- The electronic notebook offers an entry point to a connected and global product management system
- PLM links disparate technologies offering a single point of truth for each drug in development
- Alleviating risks of non-compliance is a key application for PLM in the pharmaceutical industry
- Six technology features reflect how PLM technology is aligned to the industry
- Scalability places SOA at the center of a PLM solution
- A quality-by-design feature facilitates compliance
- PLM must integrate with ERP solutions
- A web-enabled PLM solution matches the global nature of most pharmaceutical organizations
- A easy-to-configure user interface drives adoption amongst both scientists and engineers
- The industry is most comfortable with non-hosted solutions
- PLM technology adoption differs across geographies
- Japan and China will experience the fastest growth in PLM
Actions
- Offer technology features that speak to the customer's business goals
- Make PLM a core part of the customer's every day life
- Consider geography as a criterion for prioritizing your target market
Appendix
- Definitions
- Abbreviations
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
List of Tables
- Table 1: Global PLM spending by geographic region
List of Figures
- Figure 1: PLM in relation to ERP, CRM and BI
- Figure 2: PLM software must evolve to configurable packages to better meet the pharmaceutical industry's needs
- Figure 3: Global PLM spending by geographic region