Global Pharmacovigilance Market size was valued at USD 9.07 billion in 2022 and is poised to grow from USD 9.75 billion in 2023 to USD 17.39 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).
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The global pharmacovigilance market has experienced significant growth in recent years, driven by the rising focus on patient safety, increasing regulatory requirements, and the expanding pharmaceutical industry. This market analysis provides an overview of the global pharmacovigilance market, including key trends, drivers, challenges, and regional dynamics. One of the key drivers fueling the growth of the global pharmacovigilance market is the growing need for drug safety monitoring. With the increasing complexity of drug development and the introduction of novel therapeutics, there is a heightened demand for robust pharmacovigilance systems to detect, assess, and prevent adverse drug reactions.
PharmaCovigilances Market Segmental Analysis
The global pharmacovigilance market is segmented on the basis of type, application, end-user and region.
Based on type, the market can be segmented into In-House Pharmacovigilance and Contract Outsourcing Pharmacovigilance.
Based on application, the market is segmented into Spontaneous Reporting, Intensive Monitoring Programs, Post-Marketing Surveillance, Risk Management, Signal Detection and Evaluation, Benefit-Risk Assessment and Safety Database Management.
By End – user it can be segmented into Pharmaceutical Companies, Contract Research Organizations (CROs) and Other Healthcare Providers.
Top Player’s Company Profiles
QuintilesIMS (US)
Accenture (Ireland)
Cognizant (US)
IBM Corporation (US)
Oracle Corporation (US)
PAREXEL International Corporation (US)
ArisGlobal (US)
ICON plc (Ireland)
IQVIA (US)
PRA Health Sciences (US)
Wipro Limited (India)
Capgemini SE (France)
Tata Consultancy Services Limited (India)
BioClinica, Inc. (US)
Sciformix Corporation (US)
Covance Inc. (US)
Bioclinica (US)
HCL Technologies Ltd. (India)
Foresight Group International AG (Switzerland)
TAKE Solutions Ltd. (India)
Essential regions of the PharmaCovigilances market are:
– PharmaCovigilances North America Market includes (Canada, Mexico, USA)
– PharmaCovigilances Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
– PharmaCovigilances Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
– PharmaCovigilances South America Market includes (Brazil, Argentina)
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Key takeaways from the PharmaCovigilances market report:
– Detailed consideration of PharmaCovigilances market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
– Comprehensive valuation of all prospects and threats in the
– In-depth study of industry strategies for growth of the market-leading players.
– PharmaCovigilances market latest innovations and major procedures.
– Favourable dip inside Dynamic high-tech and market latest trends remarkable the Market.
– Conclusive study about the growth conspiracy of PharmaCovigilances market for forthcoming years.
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