Pharmacovigilance Market Revenue, Region, Country, and Segment Analysis & Sizing For 2020–2027

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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 Global Pharmacovigilance Market report by Emergen and Research is an all-encompassing study of the global Pharmacovigilance market. The report serves as a prototype of the highly functional Pharmacovigilance industry. Our market researchers’ panel has performed quantitative and qualitative assessments of the global Pharmacovigilance market dynamics in a bid to forecast the global market growth over the forecast period. They have taken into consideration several factors, such as market penetration, pricing structure, product portfolios, end-user industries, and the key market growth drivers and constraints, to endow the readers with a sound understanding of the market.

The latest research report is touted as the first document covering the current market situation that is substantially affected by the COVID-19 outbreak. The pandemic has brought about enormous changes in the global economic landscape, which, in turn, has disrupted the Pharmacovigilance industry’s functioning. However, this report entails the latest updates about the impact of COVID-19 on this ever-evolving business sector. Additionally, our team of analysts has estimated the aftermath of the outbreak and its future impact on the global economic landscape.

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Competitive Terrain:

The global Pharmacovigilance market is highly consolidated due to the presence of numerous companies operating across this industry. The report depicts the current market standing of these companies, their past performances, demand and supply graphs, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market. The leading market contenders listed in the report are: ArisGlobal, Accenture, Cognizant, Capgemini, IBM Corporation, IQVIA, BoClinica Inc., Laboratory Corporation of America Holdings, Linical Accelovance, and ITClinical, among others.

Market Segmentation:

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)

In-House

Contract Outsourcing

Clinical Trial Phase Outlook (Revenue, USD Million; 2017-2027)

Pre-Clinical

Phase I

Phase II

Phase III

Phase IV

End-Users Outlook (Revenue, USD Million; 2017-2027)

Hospitals

Research Organizations

Others

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Some Key Highlights from the Report

In December 2019, UCB and Accenture made an announcement about signing of a partnership agreement to build a safety solution on INTIENT™ pharmacovigilance, by Accenture, to accelerate patient safety case reports’ processing. The agreement is intended to help UCB in discovering the influence of existing treatments on patient’s safety and therefore managing the novel drugs’ risk in a better way.

Spontaneous reporting is a crucial type in pharmacovigilance by providing information from real clinical settings in the course of a drug’s life. Physicians and many other healthcare specialists contribute immensely to improving public health by supposed adverse drug reactions’ reporting.

Several firms support in-house reporting management to healthcare authorities, as in-house reporting is possibly the major contact entity for any kind of in and out deliberation.

The escalating sophistication of biologics therapeutic agents and the growing deployment of novel agents makes it essential to identify any undesired and unforeseen adverse events and other toxicities as early as possible. Popular instances associated with the withdrawal of a drug from the market after receiving sanction, verify Phase IV pharmacovigilance requirement.

Key Features of the Report:

The report covers Pharmacovigilance business overview, product portfolios, market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns

The report covers different business expansion strategies undertaken by prominent players to offer a better understanding of the competitive landscape

The report covers an extensive 8-year analysis of the Pharmacovigilance market

Extensive analysis of the key elements like drivers, restraints, limitations, opportunities, and threats

Major Geographies Analyzed in the Report:

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)

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