The global pharmaceutical market is predicted to reach a staggering $1.12 trillion by 2022. According to Forbes: In 2016, the pharmaceutical industry was the highest grossing industry with a net margin of 30%. And the United States holds upward of 45% of the global pharma market.
Sample management is among the fastest growing sectors of health technologies. Sample management and biological storage are essential for pharma companies and laboratories in order to safely store biological materials such as blood, tissue, vaccines, and reproductive materials. Pharmaceutical samples and biological materials such as these must be stored in a cryogenic container that can hold the temperature at -150°C for at least 10 days. As much as 70% of leading pharmaceutical products require climate-controlled transportation, and a slight temperature variance of just 2°C can damage samples and render them unusable. Worse, these temperature problems can result in serious harm to consumers.
Because of these factors, comprehensive pharmaceutical sample management solutions are in high demand, and research demonstrates that this trend will continue to grow in the coming years.
Pharmaceutical Sample Management
Pharmaceutical sample management technology includes technologies such as climate controlled and cryogenic storage and transportation of biological materials, as well as software and cloud-based databases that serve as centralized repositories for managing data relevant to your biological samples including:
- test results
- patient records
- clinic visits
- vendor and supplier information
- tracking information
Pharma companies and laboratories need streamlined and integrated sample management and pharmaceutical storage facilities in order to maintain quality control, and in some cases, legal guidelines for storing and transporting easily perishable and temperature sensitive biological and pharmaceutical materials ranging from drugs and medications to tissue and blood samples.
These technologies, when used in tandem, allow for better standards of quality in regard to their products and reduce the margin of error for any mix-ups or mishaps that might otherwise occur. Pharmaceutical sample management databases and software allow for ease of use through searchable charts and documents, centralized data storage, access from anywhere in the world via smart devices, laptops, or PCs.
In this digital era, cloud-based storage has become an increasingly integral aspect of most industries. It is no surprise then that pharmaceutical companies are taking advantage.