The growing prevalence of adverse drug reaction and toxicity is one of the significant factors influencing the market growth.
Pharmacovigilance Market Size – USD 4.83 billion in 2019, Market Growth - CAGR of 13.1%, Market Trends – Rise in drug consumption and development rates
The global Pharmacovigilance Market is expected to reach USD 12.98 Billion by 2027, according to a new report by Reports and Data. Every drug is associated with beneficial, as well as an undesirable or adverse effect. The major focus of pharmacovigilance is on adverse drug reactions (ADR), a common clinical problem, and drug toxicity.
The global Pharmacovigilance Market report published by Reports and Data is an investigative report providing a comprehensive study of the global Pharmacovigilance market with regards to market share, market size, market analysis, industry revenue, current and emerging trends, and latest technological developments. The report highlights the competitive landscape of the Pharmacovigilance market with focus on company overview, business expansion plans, analysis of top companies, annual sales, and other market projections. The report studies the key market drivers, limitations, threats, challenges, and growth prospects of the market. The report offers informative data on the Pharmacovigilance industry with extensive primary and secondary research which is further validated and verified by industry experts and professionals.
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The report offers key insights into the market landscape to assist the stakeholders and clients formulate fruitful investment strategies. The report also analyzes the factors and initiatives contributing to the market growth. The report analyzes the macro and micro economic factors affecting the market growth. It offers a comprehensive analysis of the competitive landscape of the Pharmacovigilance market along with key collaborations and partnerships between key players of the market. The report investigates key aspects such as financial standing, research and development, product offerings, current deals, investments, and strategic alliances such as mergers and acquisitions, joint ventures, product launches, brand promotions, and corporate deals, among others.
Key market players analyzed in the report are:
Accenture, Cognizant, ArisGlobal, IBM Corporation, IQVIA, BoClinica Inc., Laboratory Corporation of America Holdings, Linical Accelovance, Capgemini, and ITClinical, among others.
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The report further segments the Pharmacovigilance market on the basis of key product types, end-users, and applications. It provides details about the segments expected to register significant growth during the forecast period. The report also discusses the key factors influencing the growth of the key segments.
Type Outlook (Revenue, USD Million; 2017-2027)
- Spontaneous Reporting
- Intensified Adverse Drug Reaction (ADR) Reporting
- Targeted Spontaneous Reporting
- Cohort Event Monitoring
- Electronic Health Record (HER) Mining
Service Provider Outlook (Revenue, USD Million; 2017-2027)
- In-House
- Contract Outsourcing
Clinical Trial Phase Outlook (Revenue, USD Million; 2017-2027)
- Pre-Clinical
- Phase I
- Phase II
- Phase III
- Phase IV
End-Users Outlook (Revenue, USD Million; 2017-2027)
- Hospitals
- Research Organizations
- Others
The report focuses on leading regions and their major countries to assess the market growth in the forecast period. The major geographical regions included in the study are North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The regional analysis covers production and consumption ratio, supply and demand, import/export, current and emerging trends, market revenue, market share, industrial chain analysis, and presence of key players in each region.
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Regional Analysis Covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
- Who are the prominent distributors, vendors, and manufacturers of the market?
- What are the driving and restraining factors of the growth of Pharmacovigilance market throughout the forecast period?
- What are the current and future market trends of the Pharmacovigilance market?
- What are the expected opportunities for the companies and new entrants in the coming years?
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