Structured Product Label Management Market Segments, Opportunity, Growth and Forecast by End-Use Industry 2016-2026

The Structured Product Label is consist of labelling information documented in U.S Package Insert (USPI) as well as additional information such as drug listing details. SPL is in XML format, and it is essential for format and layout the information. A style sheet provides the information to format the XML sheet. The ability to present labelling content stored in XML is done through sheets. Structured Product Label enables ensure uniform approach to label to a product. The standard format enables measurable improvements can be achieved through out the labelling process. SPL improved patient safety by providing the accurate information. It offers advantages such as exchange of labelling information and allows the content easily available. SPL promote the use of standard codes and terminology across the labelling content such as dosage forms, package types, indication, warning, ingredient names, and route of administration. Structured Product Label enables reduce the manual effort involved with approval of labeling of product. The technological advancements and innovations in the label management spur new opportunities for the companies the industry. Global Structured Product Label Management market is expected to offers lucrative market over the forecast period.

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Structured Product Label Management Market: Drivers and restraints

The global Product Label Management market can be impacted by following drivers, the regulatory bodies imposed stringent regulation regarding the labelling of a pharma products. In February 2014, U.S. Food and Drug Administration (FDA) issued a draft guidance regarding the electronic submission of labelling content must be provided in XML based format known as Structured Product Label (SPL). This enables provide robust opportunities SPL market. The pharma companies are inclined towards innovative and rapid advanced technologies in label of a...