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Pharmacovigilance Market

Pharmacovigilance Market Size, Share & Growth Analysis By Type (Spontaneous Reporting, Intensified ADR Reporting, Targeted Spontaneous Reporting, Cohort Event Monitoring, EHR Mining), By Product Life Cycle (Pre-clinical, Phase I, Phase II, Phase III, Phase IV), By Service Provider (In-house, Contract Outsourcing), By Therapeutic Area (Oncology, Neurology, Cardiology, Respiratory Systems, Others), By Process Flow (Case Data Management, Signal Detection, Risk Management System), By End-Use (Pharmaceuticals, Biotechnology Companies, Medical Device Manufacturers, Others), And Regional Forecast, 2024-2034

  • No of Pages: 155
  • Published On: Aug 2024
  • Format: PDF
  • Report ID : 44863

Report Summary

Eternity Insights can provide a deep-dive research report highlighting the market and competitive intelligence across the key segments of the market. The report also considers the impact of COVID-19 on the global Pharmacovigilance market. The report considers 2019-2022 historic period, 2023 as base year, and 2024-2034 as forecast period. The report includes quantitative analysis of the market supported by the mar-ket drivers, challenges, and trends to accurately map the market scenario and competition.

Pharmacovigilance market report is based on robust research methodology designed using blend of research ap-proaches developed using secondary/desk research and validated through primary research and expert insights. Eternity Insights also uses paid databases such as FACIVA, Hoovers, and other bench-marking and forecasting tools to provide accurate statistical analysis of supply and demand trends.

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Key Research Highlights: Market Drivers

The Pharmacovigilance market is estimated to expand at a considerable growth rate during the forecast period owing to the increasing prevalence of venous diseases and increasing new product approvals to cater to this demand. Increased awareness about the diseases, increasing importance of early diagnosis, and growing spending on chronic diseases are poised to boost the market growth. Moreover, the key players in the market are investing in research and development of technologically advanced products leading to increased utilization of Pharmacovigilance products across developed and developing countries of the world.

Key Research Highlights: Market Restraints

Limited awareness about the diseases, high cost of products, low economical condition, and lack of favorable insurance systems restricts the adoption of Pharmacovigilance products across developing regions of the globe. However, launch of new products with low cost and increasing efforts for market penetration in these regions can offer lucrative growth opportunities for the players in the Pharmacovigilance market.

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Key Research Highlights: Trends

Increasing research and development spending on Pharmacovigilance development has been the leading industry trend of Pharmacovigilance market

The leading players in the market are focused on developing products which are cost effective and high quality to tap the huge unaddressed opportunities in the developing regions. This can be witnessed from the increasing spending on research and development and growing number of new product approvals.

Global Pharmacovigilance Market Size, 2019-2034 (USD MILLION)

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Market Segmentation

Report Attributes Details
The market size value in 2023 USD XX.XX Million
CAGR (2024 - 2034) XX.XX %
The Revenue forecast in 2034 USD XX.XX Million
Base year for estimation 2023
Historical data 2019-2022
Forecast period 2024-2034
Quantitative units
  • Revenue in USD Million
  • CAGR from 2024 to 2034
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered By Type, Product Life Cycle, Service Provider, Therapeutic Area, Process Flow, End-Use Outlook, Regional Outlook
By Type Outlook Spontaneous Reporting, Intensified ADR Reporting, Targeted Spontaneous Reporting, Cohort Event Monitoring, EHR Mining
By End-Use Outlook Pharmaceuticals, Biotechnology Companies, Medical Device Manufacturers, Others
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Country scope U.S., Canada, U.K., Germany, France, BENELUX, China, India, Japan, South Korea, Brazil, Saudi Arabia, UAE, Turkey
Key companies profiled Accenture, IQVIA Inc., Cognizant, Clinquest Group B.V. (Linical Americas), IBM, Laboratory Corporation of America Holdings, ArisGlobal, Capgemini, ITClinical, ICON plc., TAKE Solutions Limited, Parexel International (MA) Corporation, Wipro, United BioSource LLC, BioClinica Inc. (Clario), ClinChoice (formerly FMD K&L)
Customization Available Yes, the report can be tailored to meet your specific requirements.

Key Market Players

  • Accenture
  • IQVIA Inc.
  • Cognizant
  • Clinquest Group B.V. (Linical Americas)
  • IBM
  • Laboratory Corporation of America Holdings
  • ArisGlobal
  • Capgemini
  • ITClinical
  • ICON plc.
  • TAKE Solutions Limited
  • Parexel International (MA) Corporation
  • Wipro
  • United BioSource LLC
  • BioClinica Inc. (Clario)
  • ClinChoice (formerly FMD K&L)

Pharmacovigilance Market, By Type

  • Spontaneous Reporting
  • Intensified ADR Reporting
  • Targeted Spontaneous Reporting
  • Cohort Event Monitoring
  • EHR Mining

Pharmacovigilance Market, By Product Life Cycle 

  • Pre-clinical
  • Phase I
  • Phase II
  • Phase III
  • Phase IV

Pharmacovigilance Market, By Service Provider

  • In-house
  • Contract Outsourcing

Pharmacovigilance Market, By Therapeutic Area

  • Oncology
  • Neurology
  • Cardiology
  • Respiratory Systems
  • Others

Pharmacovigilance Market, By Process Flow

  • Case Data Management
    • Case Logging
    • Case Data Analysis
    • Medical Reviewing & Reporting
  • Signal Detection
    • Adverse Event Logging
    • Adverse Event Analysis
    • Adverse Event Review & Reporting
  • Risk Management System
    • Risk Evaluation System
    • Risk Mitigation System

Pharmacovigilance Market, By End-Use

  • Pharmaceuticals
  • Biotechnology Companies
  • Medical Device Manufacturers
  • Others

Key Benefits To The Stake Holders

  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) and volume (Tons) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Table Of Contents

1 Methodology and Scope

1.1 Market segmentation & scope
1.2 Information Procurement

1.2.1 Purchased Database
1.2.2 Eternity’s Internal Database
1.2.3 Secondary sources & third-party perspectives
1.2.4 Primary Research

1.3 Information analysis
1.4 Market formulation & data visualization
1.5 Data validation & publishing

2 Executive Summary

3 Pharmacovigilance Market Variables, Trends & Scope

3.1 Market Dynamics

3.1.1 Market Driver Analysis
3.1.2 Market Restraints
3.1.3 Market Challenge Analysis
3.1.4 Market Opportunities
3.1.5 Micro & Macro Indicator

3.2 Impact of COVID-19 Pandemic on Global Pharmacovigilance Market

3.2.1 Overview of Changing Landscape
3.2.2 Pre-covid & Post-Covid Market Analysis

3.3 Market Attractiveness Analysis
3.4 Regulatory Scenario
3.5 Industry Trend Analysis- Historic and Future Trend Assessment
3.6 Merger & Acquisition
3.7 New System Launch/Approvals
3.8 Market Analysis Tools

3.8.1 Porter’s Five Forces
3.8.2 PEST Analysis
3.8.3 Value Chain Analysis

3.9 Key Company Ranking Analysis, 2020

4 Global Pharmacovigilance Market Analysis and Forecast, By Type

4.1 Overview & Definition
4.2 Key Trends
4.3 Global Pharmacovigilance Market Value (US$ Mn) Forecast, by Type (2019 – 2028)

4.2.1 Chemotherapy
4.2.2 Contract Outsourcing
4.2.3 Other

4.4 Type Comparison Matrix
4.5 Global Pharmacovigilance Market Attractiveness, By Type

5 Global Pharmacovigilance Market Analysis and Forecast, By Application

5.1 Overview & Definition
5.2 Key Trends
5.3 Global Pharmacovigilance Market Value (US$ Mn) Forecast, by Application (2019 – 2028)

5.3.1 Pharma and Biotech Companies
5.3.2 Contract Research Organizations (CROs)
5.3.3 Business Process Outsourcing (BPO) Firms
5.3.4 Others

5.4 Application Comparison Matrix
5.5 Global Pharmacovigilance Market Attractiveness, by Application

6 Global Pharmacovigilance Market Analysis and Forecast, By Region

6.1 Overview & Definition
6.2 Key Trends
6.3 Global Pharmacovigilance Market Value (US$ Mn) Forecast, by Region (2019 – 2028)
6.4 North America
6.5 Europe
6.6 Asia Pacific
6.7 Latin America
6.8 Middle East & Africa

7 Global Pharmacovigilance Market Attractiveness, by Region

8 North America Pharmacovigilance Market Analysis and Forecast

8.1 Key Findings
8.2 North America Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Type (2019-2028)

8.2.1 Chemotherapy
8.2.2 Contract Outsourcing
8.2.3 Other

8.3 North America Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

8.3.1 Pharma and Biotech Companies
8.3.2 Contract Research Organizations (CROs)
8.3.3 Business Process Outsourcing (BPO) Firms
8.3.4 Others

8.4 North America Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

8.4.1 U.S.
8.4.2 Canada
8.4.3 Rest of North America

8.5 North America Pharmacovigilance Market Attractiveness Analysis

8.5.1 By Type
8.5.2 By Application
8.5.3 By Country

9 Europe Pharmacovigilance Market Analysis and Forecast

9.1 Key Findings
9.2 Europe Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Type (2019-2028)

9.2.1 Chemotherapy
9.2.2 Contract Outsourcing
9.2.3 Other

9.3 Europe Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

9.3.1 Pharma and Biotech Companies
9.3.2 Contract Research Organizations (CROs)
9.3.3 Business Process Outsourcing (BPO) Firms
9.3.4 Others

9.4 Europe Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

9.4.1 U.K.
9.4.2 Germany
9.4.3 France
9.4.4 Italy
9.4.5 Rest of Europe

9.5 Europe Pharmacovigilance Market Attractiveness Analysis

9.5.1 By Type
9.5.2 By Application
9.5.3 By Country

10 Asia Pacific Pharmacovigilance Market Analysis and Forecast

10.1 Key Findings
10.2 Asia Pacific Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Type (2019-2028)

10.2.1 Chemotherapy
10.2.2 Contract Outsourcing
10.2.3 Other

10.3 Asia Pacific Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

10.3.1 Pharma and Biotech Companies
10.3.2 Contract Research Organizations (CROs)
10.3.3 Business Process Outsourcing (BPO) Firms
10.3.4 Others

10.4 Asia Pacific Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Rest of APAC

10.5 Asia Pacific Pharmacovigilance Market Attractiveness Analysis

10.5.1 By Type
10.5.2 By Application
10.5.3 By Country

11 Latin America Pharmacovigilance Market Analysis and Forecast

11.1 Key Findings
11.2 Latin America Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Type (2019-2028)

11.2.1 Chemotherapy
11.2.2 Contract Outsourcing
11.2.3 Other

11.3 Latin America Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

11.3.1 Pharma and Biotech Companies
11.3.2 Contract Research Organizations (CROs)
11.3.3 Business Process Outsourcing (BPO) Firms
11.3.4 Others

11.4 Latin America Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

11.4.1 Brazil
11.4.2 Rest of Latin America China

11.5 Latin America Pharmacovigilance Market Attractiveness Analysis

11.5.1 By Type
11.5.2 By Application
11.5.3 By Country

12 Middle East & Africa (MEA) Pharmacovigilance Market Analysis and Forecast

12.1 Key Findings
12.2 Middle East & Africa (MEA) Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Product Type (2019-2028)

12.2.1 Chemotherapy
12.2.2 Contract Outsourcing
12.2.3 Other

12.3 Middle East & Africa (MEA) Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Application (2019-2028)

12.3.1 Pharma and Biotech Companies
12.3.2 Contract Research Organizations (CROs)
12.3.3 Business Process Outsourcing (BPO) Firms
12.3.4 Others

12.4 Middle East & Africa (MEA) Pharmacovigilance Market Analysis (US$ Mn) and Forecast, By Country (2019-2028)

12.4.1 GCC Countries
12.4.2 South Africa
12.4.3 Rest of MEA

12.5 Middle East & Africa (MEA) Pharmacovigilance Market Attractiveness Analysis

12.5.1 By Type
12.5.2 By Application
12.5.3 By Country

13 Competitive Landscape

13.1 Market Players – Competition Matrix
13.2 Market Share Analysis by Key Players, 2020 (%)
13.3 Company Profiles

13.3.1 Eli Lilly and Company

13.3.1.1 Company Overview
13.3.1.2 Company Snapshot
13.3.1.3 Financial Overview
13.3.1.4 Product Portfolio
13.3.1.5 Key Developments/Strategies

13.3.2 ICON
13.3.3 Elsevier
13.3.4 Chiltern
13.3.5 Atlantic Research Group
13.3.6 Mapi Group
13.3.7 Accenture
13.3.8 Clinquest Group
13.3.9 GSK
13.3.10 PRA Health Sciences

14 Key Takeaways

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Frequently Asked Questions on this Report

The Pharmacovigilance Market is segmented based on Type, Application, and by region.

Accenture, IQVIA Inc., Cognizant, Clinquest Group B.V. (Linical Americas), IBM, Laboratory Corporation of America Holdings, ArisGlobal, Capgemini, ITClinical, ICON plc., TAKE Solutions Limited, Parexel International (MA) Corporation, Wipro, United BioSource LLC, BioClinica Inc. (Clario) and ClinChoice (formerly FMD K&L) are the leading players of global Pharmacovigilance market.

The forecast period would be from 2022 to 2030 in the market report with year 2021 as a base year.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
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