While Industry 4.0 and the internet of things (IoT) significantly influence research, development and manufacturing in the pharmaceutical industry, quality control can play an essential role for pharma companies. Although compliance is important to the pharmaceutical industry, it’s crucial for manufacturers to differentiate themselves on a number of levels. And this is where automated monitoring comes into play. Automated sensors enable manufacturers to analyze quality without sacrificing product yields or performance – something that can be incredibly useful when it comes time to apply for regulatory approval.
The pharmaceutical industry is one of the fastest growing industries in the world. Throughout the last decade, there have been many new drugs and vaccines introduced that are aimed at improving people’s health. Reports show that by 2025 this industry should reach around $1700.97 billion globally, with a CAGR of 8%.