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Pharmacovigilance (PV) Market Size & Forecast Report, 2014 - 2025

Report ID: MN17613653  |  Published: July 2017  |  No of Pages: 129
Format: Electronic (PDF)  |  Industry: Healthcare IT

The global Pharmacovigilance (PV) Market size is estimated to reach USD 10.27 billion by 2025, registering at a 13.1% CAGR over the forecast period as the scope and its applications are rising enormously across the globe. Pharmacovigilance (PV) is also termed drug safety, is a science and activities relating to the prevention, detection, understanding, and assessment of adverse effects or other drug-related issues.

The factors that are playing a major role in the growth of the pharmacovigilance market are the rising occurrence of adverse drug reactions (ADR), enhancement in the development of ADR database and information systems, and the rising demand from the end-users. The pharmacovigilance (PV) industry is segmented based on the clinical trial phase, service provider, type of methods, end-user, and region.

Phase IV, phase III, phase II, phase I, and pre-clinical are the clinical trial phase that could be explored in the pharmacovigilance (PV) market in the forecast period. The phase IV sector accounted for the substantial market share of pharmacovigilance and is estimated to lead the overall market in the years to come. Also, the phase III sector is estimated to show lucrative growth in the years to come. Contract outsourcing, in-house, and other service providers could be explored in the pharmacovigilance industry in the forecast period. The contract outsourcing sector accounted for the substantial market share of pharmacovigilance and is estimated to lead the overall market in the years to come.

Based on the type of method, HER mining, spontaneous reporting, cohort event monitoring, intensified ADR reporting, targeted spontaneous reporting, and others could classify the pharmacovigilance market in the forecast period. The spontaneous report sector accounted for the significant market share of pharmacovigilance and is estimated to continue its dominance in the years to come. Also, the cohort event monitoring sector is estimated to grow at the fastest pace in the years to come.

The market may be categorized based on end-users like industrial, hospitals, research organizations, and others that could be explored in the forecast period. The hospital's sector accounted for the substantial market share of pharmacovigilance and is estimated to lead the overall market in the years to come. Also, the research organization sector is estimated to grow at the fastest pace in the years to come.

Globally, North America accounted for a substantial share of the pharmacovigilance industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region and the high investment in the development of new drugs. The United States and Canada are the major consumers of pharmacovigilance in the years to come.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second-largest region with a significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. Developing countries like India and China are the major consumers of pharmacovigilance in this region.

The key players of the pharmacovigilance (PV) industry are United BioSource Corporation, Accenture, Wipro Ltd., Clinquest Group B.V., BioClinica, Cognizant, PAREXEL International Corporation, Laboratory Corporation of America Holdings, TAKE Solutions Ltd., IBM Corporation, Foresight Group International AG, ArisGlobal, and iMEDGlobal. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Market Segment:

Pharmacovigilance Clinical Trial Phase Outlook (Revenue, USD Million, 2014 - 2025)
    • Pre-clinical
    • Phase I
    • Phase II
    • Phase III
    • Phase IV

Pharmacovigilance Service Provider Outlook (Revenue, USD Million, 2014 - 2025)
    • In-house
    • Contract Outsourcing

Pharmacovigilance Type of Methods Outlook (Revenue, USD Million, 2014 - 2025)
    • Spontaneous Reporting
    • Intensified ADR Reporting
    • Targeted Spontaneous Reporting
    • Cohort Event Monitoring
    • EHR Mining

Pharmacovigilance End-Use Outlook (Revenue, USD Million, 2014 - 2025)
    • Hospitals
    • Research Organizations
    • Industrial

Pharmacovigilance Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • the U.S.
        • Canada
    • Europe
        • the UK
        • Germany
    • Asia Pacific
        • Japan
        • China
        • India
    • Latin America
        • Brazil
        • Mexico
    • MEA
        • South Africa

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