Pharmacovigilance Market Size to be Worth USD 12.48 Billion Growing at 22.1% CAGR till 2027; Industry Revenue, Statistics, Forecast by Emergen Research
Research Reports
Jan 15, 2021
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.
Market Size – USD 4,820.5 Million in 2019, Market Growth – CAGR of 12.5%, Market Trends –Rise in the development and consumption rate of drugs
The study also focuses on the major driving forces and the restrains shaping the progress of the industry across different regions. The report entails both, investigative and discovery research methods to examine the performance of the prominent market players and their winning strategies to stay ahead in the competition.
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The major Key Players covered in this report:
ArisGlobal, Accenture, Cognizant, Capgemini, IBM Corporation, IQVIA, BoClinica Inc., Laboratory Corporation of America Holdings, Linical Accelovance, and ITClinical, among others.
A rise in demand for outsourcing services by players in the healthcare industry is anticipated to boost the forecast period’s pharmacovigilance market growth. A spiraling inclination to outsource eliminates the issues pertaining to overhead costs and the pharmacovigilance resources’ deployment.
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
This report strategically examines the micro-markets and brings to light the impact of technology upgrades on the performance of the Pharmacovigilance market. Researchers conducting the research also carry out a comprehensive analysis of the recent amendments in the government regulation and their impact on the competitive landscape of the industry.
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
The key regions included here contribute significantly to the worldwide market share. The report also gives a competitive analysis of the Pharmacovigilance market. The study categorizes the global market to project the total revenue and examine the past, present as well as emerging trends in sub segments such as types, size, vertical, consumers and geography.
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
United States
Europe
China
Japan
Southeast Asia
India
The SWOT analysis carried out during the study sheds light on the strengths, weaknesses, opportunities and threats encountered by the prominent vendors. Expert insights on past, present and future trends covered by the study further aims to provide clarity on the future prospects of the industry.
Scope Of The Report:
The report gives elaborate company profiles of the leading players in the industry by reviewing the financial standing of the company and their recent performance in the market. It analyzes the latest information pertaining to the micro- and macro-economic indicators influencing the market in the forecast years, highlighting the drivers and constraints operating in the market. The study gives an extensive statistical analysis that quantifies the critical market information, along with valuable insights into the future of the market derived through interviews of industry experts and consultants.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
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. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing prevalence of adverse drug reactions and toxicity
4.2.2.2. Rise in drug consumption and development rates
4.2.2.3. Growing trend towards outsourcing pharmacovigilance
4.2.3. Market restraints analysis
4.2.3.1. Dearth of skilled professionals
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 5. Pharmacovigilance Market By Type Insights & Trends, Revenue (USD Million)
5.1. Type Dynamics & Market Share, 2019 & 2027
5.1.1. Spontaneous Reporting
5.1.2. Intensified Adverse Drug Reaction (ADR) Reporting
5.1.3. Targeted Spontaneous Reporting
5.1.4. Cohort Event Monitoring
To Be Continued…!
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