Pharmacovigilance is a study of safety and efficacy of a medical product or drug. It is a science associated with the collection, detection, assessment, and prevention of adverse effects related with the medical product or drug. The role of pharmacovigilance is to analyze the side effects of the drug and determine the adverse effects, negatively affecting the drug’s efficacy and vice-versa.
Pharmacovigilance comprises drug discovery and development, preclinical research, clinical research, and post marketing surveillance. It traces every phase of a drug cycle from preclinical development to post-market surveillance. Increasing prevalence of adverse drug reaction and implementation of safety regulations by government regulatory bodies is expected to fuel growth of the pharmacovigilance market over the forecast period.
Market Analyst’s predicted the Pharmacovigilance market is expected to grow worth of USD + $11 Billion and Market is exhibiting a strong +13% CAGR over the forecast period 2019-2025.
The report shows an all-inclusive analytical review of the past and present scenario of the Pharmacovigilance market. The markets current status, patterns, competition, and administrative structure gives a forward-looking point of view of the way the market will develop through the span of the following couple of years. Alongside subjective and qualitative details relating to the market’s key components, a review of the primary macro and microeconomic elements that will enable organizations in the market to surmount competition are additionally analyzed in great details.
Leading Pharmacovigilance Market Players:
Accenture, Clinquest Group B.V., Cognizant, Laboratory Corporation of America Holdings, IBM Corporation, ArisGlobal, ICON plc. Capgemini, ITClinical, iMEDGlobal, Foresight Group International AG, TAKE Solutions Ltd., PAREXEL International Corporation, BioClinica, Wipro Ltd., and United BioSource Corporation.
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Global Pharmacovigilance Market Segmentation:
Market segment by Type, the product can be split into
- Contract Outsourcing
Market segment by Application, split into
- Pharma and Biotech Companies
- Contract Research Organizations (CROs)
- Business Process Outsourcing (BPO) Firms
- Other Pharmacovigilance Service Providers
Market segment by Regions/Countries, this report covers
Geographically, North America and Europe take over half the pharmacovigilance market. Asia-Pacific, on the other hand, is anticipated to be the fastest growing regional market for pharmacovigilance due to growing awareness in the emerging economies, and government initiatives regarding drug safety. This market is observed to be highly fragmented with several BPOs and CROs currently operational in the international markets. PAREXEL International, Covance, Quintiles, Accenture, Cognizant Technology Solutions are some of the notable names in this market.
The micro and macroeconomic factors influencing the growth of the market are covered in detail in this study. Furthermore, the prime strengths and weaknesses of the key vendors’ dominant in the market have been analyzed on the basis of SWOT analysis. The technological advancements taking place in this market have been presented by detailing their impact on the growth of the market.
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Table of Contents
Global Pharmacovigilance Market Research Report 2019-2025
Chapter 1: Industry Overview
Chapter 2: Pharmacovigilance Market International and China Market Analysis
Chapter 3: Environment Analysis of Market.
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Revenue by Regions and Applications
Chapter 6: Analysis of Pharmacovigilance Market Revenue Market Status.
Chapter 7: Analysis of Industry Key Manufacturers
Chapter 8: Sales Price and Gross Margin Analysis of Market.
Chapter 9: Marketing Trader or Distributor Analysis of Market.
Chapter 10: Development Trend of Pharmacovigilance Market 2019-2025.
Chapter 11: Industry Chain Suppliers of Market with Contact Information.
Chapter 12: New Project Investment Feasibility Analysis of Market.
Chapter 13: Conclusion of the Pharmacovigilance Market Industry 2025 Market Research Report
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