Pharmacovigilance Market size was valued at USD 6.87 Bn. in 2023 and the total Pharmacovigilance revenue is expected to grow at a CAGR of 13% from 2024 to 2030, reaching nearly USD 16.16 Bn. by 2030. 

Pharmacovigilance Market Overviews

Stellar Market Research is Business research firm that has published a thorough analysis of the “Pharmacovigilance Market”. The Pharmacovigilance market report includes the analysis of pricing, demand, business insights, and competitive landscape. The base year of the Pharmacovigilance market is 2023 and the forecast period is from 2024 to 2030.

Pharmacovigilance Market Scope and Methodology:

The report evaluates factors influencing the market, such as economic conditions, and trends. Competitive analysis and market segmentation are employed to provide a complete understanding of the Pharmacovigilance market landscape. The report offers valuable insights and recommendations for stakeholders in this industry.  The Pharmacovigilance Market Report includes an extensive analysis of the Pharmacovigilance industry, aiming at market dynamics, market trends, and key players. The research methodology includes the collection of data through primary and secondary sources, such as articles, surveys, interviews, and industry reports. Whereas the growth potential, market size, and regional insights are studied through quantitative and qualitative research techniques.

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Pharmacovigilance Market Dynamics

The pharmacovigilance industry is experiencing significant growth driven by the need for improved drug safety measures. The COVID-19 pandemic underscored the importance of monitoring the safety and efficacy of treatments, especially with the rapid development of vaccines. As a result, the healthcare sector has increasingly adopted advanced technologies, such as Artificial Intelligence (AI) and automation, to enhance pharmacovigilance processes. AI integration has become a key factor in transforming the industry, enabling more efficient and effective drug safety practices, ultimately supporting global efforts to ensure the safety of new treatments.

Pharmacovigilance Market Regional Insights

North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are the regions that are covered for the Pharmacovigilance market. The report comprises a comprehensive analysis of all the factors including market size, growth rate, and import and export in regions. The analysis based on regions provides the status of the Pharmacovigilance market for various countries.

Pharmacovigilance Market Segmentation

By Drug Development

Pre-clinical

Phase 1

Phase 2

Phase 3

Phase 4

By Service Provider

In-house

Contract outsourcing

By End-use

Pharmaceutical & biotechnological companies

Medical device companies

Hospitals

Others

Pharmacovigilance Market Key Players

1. Oracle Corporation – (United States)

2. IBM Watson Health – (United States)

3. Veeva Systems Inc. – (United States)

4. Parexel International Corporation – (United States)

5. Charles River Laboratories – (United States)

6. Wipro Limited – (India)

7. Cognizant Technology Solutions – (United States)

8. Sage Bionetworks – (United States)

9. Pharmacovigilance Solutions (PVS) – (United Kingdom)

10. BioClinica – (United States)

11. Vigilare – (France)

12. Accenture – (Ireland)

13. Syneos Health – (United States)

14. Medpace – (United States)

15. Triton Compliance – (Germany)

16. QPS Holdings, LLC – (United States)

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Key questions answered in the Pharmacovigilance Market are:

• What is Pharmacovigilance?

• What was the Pharmacovigilance market size in 2023?

• What is the growth rate of the Pharmacovigilance Market?

• Which are the factors expected to drive the Pharmacovigilance market growth?

• What are the different segments of the Pharmacovigilance Market?

• What growth strategies are the players considering to increase their presence in Pharmacovigilance?

• What are the upcoming industry applications and trends for the Pharmacovigilance Market?

• What are the recent industry trends that can be implemented to generate additional revenue streams for the Pharmacovigilance Market?

• Who are the leading companies and what are their portfolios in Pharmacovigilance Market?

• What segments are covered in the Pharmacovigilance Market?

• Who are the key players in the Pharmacovigilance market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)

• Past Pricing and price curve by region (2018 to 2022)

• Market Size, Share, Size & Forecast by different segment | 2024−2030

• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region

• Market Segmentation – A detailed analysis by segment with their sub-segments and Region

• Competitive Landscape – Profiles of selected key players by region from a strategic perspective

  • Competitive landscape – Market Leaders, Market Followers, Regional player

  • Competitive benchmarking of key players by region

• PESTLE Analysis

• PORTER’s analysis

• Value chain and supply chain analysis

• Legal Aspects of Business by Region

• Lucrative business opportunities with SWOT analysis

• Recommendations

About Stellar Market Research

Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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