Pharmacovigilance Market Revenue, Forecast, Overview and Key Companies Analysis by 2028
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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.
The report provides detailed insights into Pharmacovigilance market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Pharmacovigilance market size over the forecast period, 2020–2028. The report includes profiles of major players in the Pharmacovigilance market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Global Pharmacovigilance market revenue growth is primarily driven by a variety of factors and trends, some of which include rising focus by major companies on product/service expansion into new and untapped domestic and international markets, rising investments in strategic agreements and mergers, and rapidly growing competition in the Pharmacovigilance market.
Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Pharmacovigilance market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Pharmacovigilance market revenue growth to a significant extent over the forecast period.
Top key vendors in Pharmacovigilance Market include are:
- Key players in market include ArisGlobal, Accenture, Cognizant, Capgemini, IBM Corporation, IQVIA, BoClinica Inc., Laboratory Corporation of America Holdings, Linical Accelovance, and ITClinical, among others.
Emergen Research has segmented the global pharmacovigilance on the basis of type, service provider, clinical trial phase, end-users, and region:
- 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)
- Contract Outsourcing
- Clinical Trial Phase Outlook (Revenue, USD Million; 2017-2027)
- Phase I
- Phase II
- Phase III
- Phase IV
- End-Users Outlook (Revenue, USD Million; 2017-2027)
- Research Organizations
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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Pharmacovigilance Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Region wise performance of the Pharmacovigilance industry
North America Pharmacovigilance market revenue growth was relatively higher than that of other regional markets in 2020. North America market revenue is expected to continue to remain dominant over the forecast period, supported majorly by robust presence of major players in countries in the region and expansion of overall economic Pharmacovigilance growth strategies and initiatives.
Asia Pacific Pharmacovigilance market revenue registered the fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Pharmacovigilance market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. Increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries are some key factors driving Pharmacovigilance market revenue growth in Asia Pacific.
Europe Pharmacovigilance market revenue is expected to continue to remain steady over the forecast period. This can be attributed to changing Pharmacovigilance market trends in countries in other major regions and robust focus on research and development initiatives by major firms in the region with the objective to leverage opportunities and drive Pharmacovigilance revenue growth.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Pharmacovigilance industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Pharmacovigilance market across different regions?
- Who are the major driving forces expected to decide the fate of the Pharmacovigilance industry worldwide?
- Who are the prominent market players making a mark in the Pharmacovigilance market with their winning strategies?
- Which Pharmacovigilance industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Pharmacovigilance market?
Table of Content
Chapter 1. Methodology & Sources
1.1. Pharmacovigilance Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Pharmacovigilance Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Pharmacovigilance Market Segmentation & Impact Analysis
4.1. Pharmacovigilance Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Pharmacovigilance Market indicators analysis
4.2.2. Pharmacovigilance Market drivers analysis
126.96.36.199. Rapid urbanization and industrialization
188.8.131.52. Stringent government regulations regarding carbon emissions
184.108.40.206. Increasing prevalence of respiratory diseases
220.127.116.11. Rising need to enhance indoor air quality
4.2.3. Pharmacovigilance Market restraints analysis
18.104.22.168. High cost associated with the maintenance of Pharmacovigilance products
22.214.171.124. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Pharmacovigilance Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
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