The new report titled ‘Global Pharmacovigilance Market published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments.

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. According to the statistic released by WHO, about 5.0% of hospitalized patients in the developed nations are admitted into the hospital due to adverse drug reactions, and 6.0% to 10% of in-patients are anticipated to observe a severe adverse reaction for the duration of hospitalization.

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Key Points of Pharmacovigilance Market:

• Extensive coverage of the analysis of the Pharmacovigilance market
• Key insights into the regional spread of the industry in key geographies
• Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
• Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Pharmacovigilance market
• Complete data about the key manufacturers and vendors in the Pharmacovigilance market

Market Drivers:

The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.

The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The rising demand for the Pharmacovigilance products is expected to drive the demand for Pharmacovigilance, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.

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Leading Companies of the Pharmacovigilance Industry and Profiled in the Report are:

ArisGlobal, Accenture, Cognizant, IBM Corp., Laboratory Corporation of America , Holdings, IQVIA, BoClinica Inc., Capgemini, Linical Accelovance, ITClinical

Based on Type, the Pharmacovigilance Market is segmented into:

• 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

Regional Analysis:

The report sheds light on the region expected to dominate the Pharmacovigilance market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Pharmacovigilance market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.

Key Benefits of Buying the Global Pharmacovigilance Report:

• Comprehensive analysis of the changing competitive landscape
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies
• The report offers an 8-year forecast and assessment of the Global Pharmacovigilance market.
• Helps in understanding the key product segments and their estimated growth rate
• In-depth analysis of market drivers, restraints, trends, and opportunities
• Comprehensive regional analysis of the Global Pharmacovigilance Market
• Extensive profiling of the key stakeholders of the business sphere
• Detailed analysis of the factors influencing the growth of the Global Pharmacovigilance Market

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