Pharmacovigilance Market Size, Growth Opportunities, Revenue Share Analysis, and Forecast To 2030

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Increasing drug development activities is a key factor driving market revenue growth

Emergen Research has recently published a detailed report on the global Pharmacovigilance market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Pharmacovigilance market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Pharmacovigilance market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions. A business seeking new sources of income will find this research quite helpful in gaining a comprehensive understanding of the market and its dynamics. It is also useful for companies seeking new markets to enter or expand their current operations.

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.

The report further sheds light on the competitive landscape of the Pharmacovigilance market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the RD and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.

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Key market aspects studied in the report:

Market Scope: 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 Outlook: The leading companies operating in the Pharmacovigilance market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Pharmacovigilance market.

Competitive Terrain:

The global Pharmacovigilance industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

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Regional Landscape section of the Pharmacovigilance report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

  • 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 Companies Profiled in the Report are:

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

Market Segmentations of the Pharmacovigilance Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the forecast period. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Pharmacovigilance market on the basis of product, application, and region:

Segments Covered in this report are:

  • 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

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Pharmacovigilance market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others

The report addresses the following key points:

  • The report provides a forecast of market drivers, restraints, and future opportunities for the Pharmacovigilance market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights

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