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Pharmacovigilance market, by clinical phase(pre-clinical, phase I, phase II, phase III, and post-clinical), by service offering (contract outsourcing services and In- House services) And Geography (North America, Europe, Asia Pacific, And Rest Of The World) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated
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Published by AnalystView: 01 Jul 2020 | 270599 | In Stock
Related Topics: COVID , Drug , Food , Healthcare , Services

Introduction

REPORT HIGHLIGHT

The pharmacovigilance market is estimated to represent a global market of USD 4.82 billion by 2019 with growth rate of 13.9%.

As per the World Health Organization (WHO), pharmacovigilance is defined as the science relating to the detections, understanding, assessment and prevention of adverse drug effects or any other related problems. Adverse drug reactions is the major problems related to the drug molecules. Increasing incidence of adverse drug events will spur the market growth.

According to the Institute of Medicine (IOM), more than 1.5 million preventable adverse drug incidences occur within the healthcare industry every year which costs more than USD 4 billion annually. U.S. Food and Drug Administration also stated that approximately 253,017 serious adverse drug reactions and 44,693 deaths associated with ADRs in the first quarter of 2015. Thus, federal agencies such as the Centers for Disease Control and Prevention (CDC), the Agency for Healthcare Research and Quality (AHRQ), the Drug Enforcement Agency (DEA), the Centers for Medicare and Medicaid Services (CMS), and others are constantly monitoring the safety and efficacy of commercialized therapeutics. This will stimulate the demand for pharmacovigilance studies across the globe hence drives the market growth. However, strict regulatory guidelines hampers the market growth to some extent.

COVID-19 Impact & Recovery Analysis

The proposed report from AnalystView Market Insights suggests three possible forecast scenarios (probable, optimistic, and pessimistic) considering the COVID-19 impact. Our ongoing research analysis amplifies our framework to ensure the inclusion of underlying COVID-19 crisis impact and potential paths forward. The designed report is delivering detailed insights on COVID-19 considering the changes in consumer demand, purchasing patterns, re-routing of the supply chain, and the significant interventions of governments. The updated study provides insights, and forecast, considering the COVID-19 impact on the market.

The market is categorized in terms of clinical phases into pre-clinical, phase I, phase II, phase III, and post-clinical. As of 2016, post-clinical clinical phase is accounted for the largest revenue, captured more than 70% share of the global market. Post clinical phase is considered to be the most important phase of drug development. Under this phase, true safety profile of a drug candidate is characterized by continuing safety surveillance.

The drug is evaluated under non-interventional and observational trial in a naturalistic setting which complements the safety and efficacy parameters. As per service offering, the market is bifurcated as contract outsourcing services and In- House services. Contract outsourcing services segment is projected to grow with the highest CAGR of 15.3% during the forecast period. Rising demand for contract clinical trials among multinational pharmaceutical or biotechnology companies is expected to boost the market revenue of this segment.

Regionally, developed regions of North America and Europe recorded the largest revenue. Enhanced pharmacovigilance activities in developed regions through effective implementation of information systems and services augment the overall market growth. Developing regions such as Asia Pacific and Latin America is emerged as the most potential market for pharmacovigilance studies. Also, counties like Middle East and Africa rapidly expanding their presence in this market. As per the WHO data, there were only five African counties had establishment of good pharmacovigilance capacity as of 2000 which is now reach to more than 34 in 2010. Also, the organization also stated that there is increase in opportunity to promote pharmacovigilance in African countries. This would in turn surge in demand for pharmacovigilance hence drives the market growth.

Companies such as Accenture, Cognizant, Laboratory Corporation of America Holdings, Wipro Ltd., United BioSource Corporation, Foresight Group International AG, iMED Global and others are operating in this market.

The market size and forecast for each segment has been provided for the period 2016 to 2027, considering 2019 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2021 to 2027 for every reported segment.

The years considered for the study are:

Historical Year – 2016 to 2018

Base Year – 2019

Estimated Year – 2020

Projected Year – 2027

The proposed reports analyse and evaluates the COVID-19 impact, and anticipated change on the future market scenario on this industry, by taking into the account the economic, political, technological, and social, parameters.

The scope of this report covers the market by its major segments, which include as follows:

PHARMACOVIGILANCE MARKET, BY CLINICAL PHASE

Pre clinical

Phase I

Phase II

Phase III

Post clinical

PHARMACOVIGILANCE MARKET, BY SERVICE OFFERING

Contract

In House

PHARMACOVIGILANCE MARKET, BY REGION

North America

Europe

Asia Pacific

Rest of the World

Table of Contents
for Pharmacovigilance market, by clinical phase(pre-clinical, phase I, phase II, phase III, and post-clinical), by service offering (contract outsourcing services and In- House services) And Geography (North America, Europe, Asia Pacific, And Rest Of The World) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

  • TABLE OF CONTENTS

    PHARMACOVIGILANCE MARKET OVERVIEW

    Study Scope

    Base Year

    Assumption and Methodology

    EXECUTIVE SUMMARY

    Key Market Facts

    Geographical Scenario

    Companies in the Market

    PHARMACOVIGILANCE KEY MARKET TRENDS

    Market Drivers

    Impact Analysis of Market Drivers

    Market Restraints

    Impact Analysis of Market Restraints

    Market Opportunities

    Market Future Trends

    PHARMACOVIGILANCE INDUSTRY STUDY

    Company Activity Analysis

    Regulatory Framework Analysis

    Value Chain Analysis

    PHARMACOVIGILANCE MARKET LANDSCAPE

    Market Share Analysis

    Key Innovators

    PHARMACOVIGILANCE MARKET – BY CLINICAL PHASE:

    Overview

    Pre Clinical

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    Phase I

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    Phase II

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    Phase III

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    Post Clinical

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    PHARMACOVIGILANCE MARKET – BY SERVICE OFFERING:

    Overview

    Contract

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    In House

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    PHARMACOVIGILANCE MARKET– BY GEOGRAPHY

    Introduction

    North America

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    S.

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    Canada

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    Europe

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    France

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    Germany

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    Rest of Europe

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    Asia Pacific (APAC)

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    China

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    India

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    Rest of APAC

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    Rest of the World

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    Latin America

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    Middle East and Africa

    Overview

    Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    KEY VENDOR ANALYSIS

    Accenture

    Company Overview

    SWOT Analysis

    Key Developments

    Cognizant

    Company Overview

    SWOT Analysis

    Key Developments

    Laboratory Corporation of America Holdings

    Company Overview

    SWOT Analysis

    Key DevelopmentsWipro Ltd.

    Company Overview

    SWOT Analysis

    Key Developments

    United BioSource Corporation

    Company Overview

    SWOT Analysis

    Key Developments

    Foresight Group International AG

    Company Overview

    SWOT Analysis

    Key Developments

    iMED Global

    Company Overview

    SWOT Analysis

    Key Developments

    360 DEGREE ANALYSTVIEW

    APPENDIX

    Research Methodology

    Abbreviations

    Disclaimer

    Contact Us

    SCOPE AND OBJECTIVES

    The objective of this report is to describe the market trends and revenue forecasts for the PHARMACOVIGILANCE Market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.

    The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the coil coatings market. The scope of this report covers PHARMACOVIGILANCE market by its major segments, which include the type, end user industry, and the major geographic regions.

    KEY BENEFITS OF THE REPORT:

    Understanding of the strategies that are being adopted by the key players in this market to stay competitive

    Extensive analysis of the key players dominating the competitive landscape of this market

    In-depth analysis of the key factors are propelling the growth of the global market

    Detailed analysis of the geographic region that will witness the strongest growth

    Granular analysis of the current market scenario and the expected market grow

List Of Tables
in Pharmacovigilance market, by clinical phase(pre-clinical, phase I, phase II, phase III, and post-clinical), by service offering (contract outsourcing services and In- House services) And Geography (North America, Europe, Asia Pacific, And Rest Of The World) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

List of Tables

Table 1 List of Acronyms

Table 2 Key Market Facts, 2014 - 2025

Table 3 Market Drivers: Impact Analysis

Table 4 Market Restraint: Impact Analysis

Table 5 Market Opportunity: Impact Analysis

Table 6 PESTLE Analysis

Table 7 Porter's Five Forces Analysis

Table 8 Company Market Share Analysis

Table 9 Global Pharmacovigilance Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

Figure 10 Pharmacovigilance Market, by Clinical Phase, 2016 – 2027 (USD Million)

Figure 11 Pharmacovigilance Market, by Service Offering, 2016 – 2027 (USD Million)

Figure 12 Pharmacovigilance Market, by Geography, 2016 – 2027 (USD Million)

Table 13 North America Pharmacovigilance Market, 2016 – 2027 (USD Million)

Table 14 U.S. Pharmacovigilance Market, 2016 – 2027 (USD Million)

Table 15 Canada Pharmacovigilance Market, 2016 – 2027 (USD Million)

Table 16 Europe Pharmacovigilance Market, 2016 – 2027 (USD Million)

Table 17 France Pharmacovigilance Market, 2016 – 2027 (USD Million)

Table 18 Germany Pharmacovigilance Market, 2016 – 2027 (USD Million)

Table 19 Asia Pacific Pharmacovigilance Market, 2016 – 2027 (USD Million)

Table 20 China Pharmacovigilance Market, 2016 – 2027 (USD Million)

Table 21 India Pharmacovigilance Market, 2016 – 2027 (USD Million)

Table 22 Latin America Pharmacovigilance Market, 2016 – 2027 (USD Million)

Table 23 MEA Pharmacovigilance Market, 2016 – 2027 (USD Million)

List Of Figures, Charts and Diagrams
in Pharmacovigilance market, by clinical phase(pre-clinical, phase I, phase II, phase III, and post-clinical), by service offering (contract outsourcing services and In- House services) And Geography (North America, Europe, Asia Pacific, And Rest Of The World) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

List of Figures

Figure 1 Research Methdology

Figure 2 Research Process Flow Chart

Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)

Figure 4 Regulatory Framework Analysis

Figure 5 Value Chain Analysis Analysis

Figure 6 Pharmacovigilance Market, by Clinical Phase, 2016 – 2027 (USD Million)

Figure 7 Pharmacovigilance Market, by Service Offering, 2016 – 2027 (USD Million)

Figure 8 Pharmacovigilance Market, by Geography, 2016 – 2027 (USD Million)

Additional Details

Publisher

AnalystView

Publisher Information

AnalystView Market Insights is a market research and consulting firm that adopts a proactive approach to provide the diverse need for accurate and precise market research, custom research, and consulting solutions across geographies and industry verticals. Our company is led by a team of passionate, naturally curious, and strategic thinkers from different industry backgrounds.



These experts are dedicated to creating concrete market data analysis in various industries such as Healthcare, Bulk Chemicals, Semiconductors and Electronics, Foods and Beverages. We strive to develop meaningful and evidence-based research data that helps our clients, empowering organizations and brands of all sizes with strategic analysis, accurate data, and consumer trends.



We aim to be the number one choice for various clients who require credible data to make vital business decisions. We wish to be a trusted and reliable analytics partner to major business organizations.



We understand that critical business decisions can be taken only when verified, authentic information is available. Therefore, our experts work meticulously to provide our clients with the accurate data, so that they need not spend time in verifying it.



It is also our goal to help our clients ignore traditional research methods that require a large amount of capital, manpower, and most important of it all – the time. We know that these factors are precious to a company and always follow the latest research techniques that produce the required result in a short span of time.

Reference

270599 | AV131

Number of Pages

200

Report Format

PDF

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This report is published by AnalystView

AnalystView Market Insights is a market research and consulting firm that adopts a proactive approach to provide the diverse need for accurate and precise market research, custom research, and consulting solutions across geographies and industry verticals. Our company is led by a team of passionate, naturally curious, and strategic thinkers from different industry backgrounds.

These experts are dedicated to creating concrete market data analysis in various industries such as Healthcare, Bulk Chemicals, Semiconductors and Electronics, Foods and Beverages. We strive to develop meaningful and evidence-based research data that helps our clients, empowering organizations and brands of all sizes with strategic analysis, accurate data, and consumer trends.

We aim to be the number one choice for various clients who require credible data to make vital business decisions. We wish to be a trusted and reliable analytics partner to major business organizations.

We understand that critical business decisions can be taken only when verified, authentic information is available. Therefore, our experts work meticulously to provide our clients with the accurate data, so that they need not spend time in verifying it.

It is also our goal to help our clients ignore traditional research methods that require a large amount of capital, manpower, and most important of it all – the time. We know that these factors are precious to a company and always follow the latest research techniques that produce the required result in a short span of time.

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