Global Pharmacovigilance Market Historical Growth (2024-2031), Future Outlook, Demand Analysis and Opportunity Evaluation
The pharmacovigilance market is set for substantial growth, with a projected value of USD 12.03 billion by 2031. This growth is significant considering its value of USD 7.05 billion in 2023, indicating a steady upward trend. The compound annual growth rate (CAGR) of 6.9% expected over the forecast period of 2024-2031 underscores the market's expansion. Factors driving this growth may include increasing regulatory requirements, the growing importance of drug safety monitoring, and advancements in pharmacovigilance technologies. As the pharmaceutical industry continues to evolve, ensuring the safety and efficacy of drugs remains paramount, making pharmacovigilance an indispensable component of healthcare systems worldwide.
The record offers great market intelligence on market dynamics and essential factors influencing Pharmacovigilance market growth, together with drivers, restraints, possibilities, and corporation organization-precise disturbing situations, similarly to an evaluation of micro-markets in phrases of person increase dispositions, future possibilities, and market contribution inside the forecast length 2024-2031. Following the strength of thoughts of the overall market duration, the whole market has grown to be divided into numerous segments and sub-segments, which have been then shown through primary research through massive interviews with market specialists collectively with CEOs, VPs, administrators, and bosses.
The Pharmacovigilance covers prolonged-time period contracts, joint ventures, mergers, new product launches and tendencies, and studies and development sports, in addition to the business company and business enterprise strategies positioned with the useful aid of way of the usage of key market players. Based on the income of the market's key players, the general market length has been calculated using the bottom-up technique. Data triangulation and market breakdown strategies were used to finish the overall market length studies technique and collect unique information for all segments and sub-segments. The method used to estimate and forecast the Pharmacovigilance market began with the collection of sales facts from secondary assets together with records articles and journals over the forecast duration 2024-2031.
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Key market players profiled in the report include:
- Accenture
- IQVIA
- Cognizant
- IBM Corp
- Wipro Ltd
- BioClinica Inc
- Capgemini
- ArisGlobal
- ITClinical. ClinChoice
- United BioSource LLC
- Parexel International Corp.
- TAKE Solutions Ltd. ICON plc.
- Laboratory Corporation of America Holdings
Key Segments Covered in Pharmacovigilance Market:
By product Life Cycle
- Pre-Clinical
- Phase I
- Phase II
- Phase III
- Phase IV
By Service Provider Outlook
- In-house
- Contract Outsourcing
By Type Outlook
- Spontaneous reporting
- Intensified ADR Reporting
- EHE mining
Process Flow Outlook
- Case Data management
- Signal Detection
- Risk Management System
Therapeutic Outlook
- Oncology
- Neurology
- Cardiology
- Respiratory systems
- Others
End Use Outlook
- Pharmaceuticals
- Medical Device manufacturers
- Others
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Segmentation View
The report examines the organization in intensity, which is composed of every qualitative and quantitative reality. It offers a definition and forecast of the global market segment thru the use of the segment. During the forecast length, the global Pharmacovigilance market is predicted to boom swiftly. The record includes key market records to be had inside the market fame of the principal market people, in addition to key market dispositions and possibilities over the forecast duration 2024-2031.
The reason for this record is to define the Pharmacovigilance market in addition to the certain market segmentation based totally on product kind, give up-use, software program application, and geography. The record goes over the prolonged way, further to macroeconomic and microeconomic elements, uncooked fabric supply studies, and specific technical statistics over the forecast period 2024-2031.
Competitive Scenario
Acquisitions, partnerships, and collaborations had been a number of the inorganic boom techniques determined within the market. Market people are expected to benefit from worthwhile boom opportunities in the future as a market name for rises. The reviews communicate approximately key trends in the Pharmacovigilance market, similarly to natural and inorganic increase techniques. Organic increase techniques at the thing of product launches, product approvals, and taken into consideration truly one of kind gadgets together with patents and sports sports sports activities are being emphasized with the useful resource of a selection of groups.
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Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Pharmacovigilance Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter’s 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Pharmacovigilance Market Segmentation, By product Life Cycle
Chapter 9 Pharmacovigilance Market Segmentation, By Service Provider Outlook
Chapter 10 Pharmacovigilance Market Segmentation,By Type Outlook
Chapter 11 Pharmacovigilance Market Segmentation,Process Flow Outlook
Chapter 12 Pharmacovigilance Market Segmentation,Therapeutic Outlook
Chapter 13 Pharmacovigilance Market Segmentation,End Use Outlook
Chapter 14 Pharmacovigilance Market - Regional Analysis
Chapter 15 Company profile
Chapter 16 Competitive Landscape
Chapter 17 Use Case and Best Practices
Chapter 18 Conclusion
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