Pharmacovigilance Market High Demand, Recent Trends, Future Growth, Business Scenario, Product, Technology

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Market Size – USD 6.97 Billion in 2021, Market Growth – at a CAGR of 10.5%, Market Trends –Cloud-based reporting of adverse drug events

In the latest report from Emergen Research, the market research report discusses the global Pharmacovigilance market in depth, and each of the major market segments is examined in depth. In addition to market information, the report provides industry statistics, regional market revenue shares, gross profits, production distribution costs, and product portfolios related to the global Pharmacovigilance market.

There are also a number of factors influencing industry revenue growth identified in the report, including drivers, opportunities, trends, restraints, challenges, demand and supply ratios, production and consumption patterns, stringent regulatory frameworks, as well as a multitude of other micro- and macro-economic factors.

The global pharmacovigilance market is expected to be worth USD 12.48 Billion by 2027, according to a current analysis by Emergen Research. The market for pharmacovigilance is experiencing rapid growth attributed to a rise in application for spontaneous reporting, electronic health record (HER) mining, cohort event monitoring, and intensified adverse drug reaction (ADR) reporting, among others. The pharmacovigilance primarily emphasizes on on ADR (adverse drug reactions) and cases of drug toxicity. According to the statistic released by WHO, about 5.0% of hospitalized patients in the developed nations are admitted into the hospital due to adverse drug reactions, and 6.0% to 10% of in-patients are anticipated to observe a severe adverse reaction for the duration of hospitalization.

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Market Dynamics:

The report explains the scope of various commercial possibilities in the global Pharmacovigilance market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments.

The report also covers strategic business measures undertaken by the companies to gain substantial market share.

Key Companies Profiled in the Report:

ArisGlobal, Accenture, Cognizant, IBM Corp., Laboratory Corporation of America , Holdings, IQVIA, BoClinica Inc., Capgemini, Linical Accelovance, ITClinical

Target Audience of the Global Pharmacovigilance Market Report:

  • Key Market Players
  • Investors
  • Venture capitalists
  • Small- and medium-sized and large enterprises

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Pharmacovigilance Market Segmentation:

  • 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

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, 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 insights presented in the report:

  • Market revenue shares by major business players, by type, by application, and market scope of global Pharmacovigilance market
  • Sales revenue by key players and new entrants
  • Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
  • Recent mergers, acquisitions, product launches, recent investments, and joint ventures
  • Regional analysis to provide insight to recent trends and opportunities

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