Pharmacovigilance Market By Materials, By Product, By Preparation Method, By Application and By Geography Analysis - Forecast 2019 - 2024 www.industryarc.com
Pharmacovigilance Market 2019-2024
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Press Release
The pharmacovigilance market is gaining momentum as a result of mandatory drug safety monitoring policies mandated by government globally. Additionally, there is an increasing awareness among regarding pharmacovigilance among general public, healthcare administrators, policy officials, and higher professionals. The degree of adherence to follow principles of pharmacovigilance by professionals will decide the quality of healthcare systems. A report by IndustryARC evaluates that the global pharmacovigilance market stood at $4.3 billion in 2018. Additionally, the demand is projected to rise at a CAGR of 11.40% during the forecast period 2019-2025. The report is titled “Pharmacovigilance Market: By Clinical Trial Phases (Preclinical Studies, Phase I/1, Phase II/2, Phase III/3, and Phase IV/4 Trial); By Type of Service Providers (In House, Contract Outsourcing) & By Region – Forecast (2019 - 2025) .” It consolidates an in-depth assessment of the competitive landscape, market trends, application analysis, end-use industry, clinical trial outlook, service providers, types of methods, and strategic analysis of the pharmacovigilance market. Pharmacovigilance Market: Leading Segments With increase in the number of Adverse Drug Reaction (ADR) reports, the demand in the pharmacovigilance market is rising. Pharmacovigilance groups must keep up with the technological advancements, product innovations, and changing requirements besides providing risk management, which led to the need for Pharmacovigilance Outsourcing (PVO). The global pharmacovigilance market is categorised into clinical trials and outsourcing. Pharmacovigilance service providers offer end-to-end customized solutions to meet the consumer needs. The pharmacovigilance outsourcing market demand is projected to grow at a CAGR of 8.80% during the forecast period 2019-2025. Leading pharmaceutical companies established in developed countries are outsourcing pharmacovigilance service providers to reduce operational expenses and maintenance cost. Countries such as the U.S, Canada, China, and India have their own pharmacovigilance systems. Increased events of ADRs has fueled the demand in North America pharmacovigilance market. As of 2018, North America held the largest share of about 37% in the global pharmacovigilance market. However, higher growth rate can be witnessed in Asian countries owing to rise in population of the countries, prevalence of generic drugs, research outsourcing to emerging nations. Pharmacovigilance Market: Disruptive Trends · Third party vendors offer several key benefits such as setting in-house pharmacovigilance structure, spontaneous reporting, and cost-efficient solutions. As the data source and drug safety demand increases, the organizations are looking out for PV outsourcing to achieve greater operational efficiency.
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路 Cloud-based solutions are providing fully integrated systems to healthcare providers, users, research institutes, and physicians, which allow them to access the registered drugs and their effects. 路 Artificial Intelligence fills the gap where traditional pharmacovigilance services lack. AI integrate large amount of cloud-based data, with genetics, form patterns using algorithms and understand disease occurrences which helps to predict ADRs. 路 Automation in the pharmacovigilance market enables labor productivity along with the removal of clerical, and administrative tasks. 路 With the wide access to internet and social media, ADRs can be reported in a single click. Pharmacovigilance Market: Competitive Landscape Major organizations operating in the global pharmacovigilance market are Accenture, Wipro Limited, Boehringer Ingelheim, TCS, Cognizant, IQVIA (Quintiles IMS), PAREXEL, Bristol- Myers Squibb, and United BioSource, Covance, which are holding major market share.
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https://industryarc.com/support.php?id=16328 Related Reports: A. Pharmacovigilance and Drug Safety Software Market https://industryarc.com/Research/Pharmacovigilance-And-Drug-Safety-Software-MarketResearch-503890 B. Pharmacogenomics Market https://industryarc.com/Report/16082/pharmacogenomics-market.html C. Injectable Drug Delivery Market https://industryarc.com/Report/1255/injectable-drug-delivery-market-analysis.html What can you expect from the report? The pharmacovigilance market is prepared with the main agenda to cover the following 20 points: 1. Market Size by Product Categories & Application (Revenue & Volume) 2. Market trends & Relevant Market Data
11. Demand Analysis 12. Country level Analysis
3. Manufacturer Landscape
13. Competitor Analysis
4. Distributor Landscape
14. Market Shares Analysis
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5. Pricing Analysis
15. Value Chain Analysis
6. Top 10 End user Analysis
16. Supply Chain Analysis
7. Product Benchmarking
17. Strategic Analysis
8. Product Developments Landscape Analysis 9. Mergers & Acquisition Analysis
18. Current & Future Market 19. Opportunity Analysis
10. Patent Analysis Analysis
20. Revenue and Volume
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.
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Industry Market Research for Business Leaders, Strategists, Decision Makers
Table of Contents 1. Pharmacovigilance Market – Overview 2. Executive Summary 3. Pharmacovigilance Market Landscape 3.1. Market Share Analysis 3.2. Comparative Analysis 3.3. Product Benchmarking 3.4. End User Profiling 3.5. Top 5 Financials Analysis 4. Pharmacovigilance Market– Forces 4.1. Drivers 4.1.1. Strict drug regulations in developed nations 4.2. Restraints 4.3. Opportunities 4.4. Challenges 4.5. Porter’s Five Forces Analysis 4.5.1. Bargaining Power of Suppliers 4.5.2. Bargaining Power of Buyers 4.5.3. Threat of New Entrants 4.5.4. Threat of Substitutes 4.5.5. Degree of Competition 5. Pharmacovigilance Market– Strategic Analysis 5.1. Value Chain Analysis 5.2. Pricing Analysis 5.3. Opportunities Analysis 5.4. Product/Market Life Cycle Analysis 5.5. Suppliers and Distributors 6. Pharmacovigilance Market, By Clinical Trial Phase 6.1. Preclinical Studies 6.2. Phase I/1 6.3. Phase II/2 6.4. Phase III/3 6.5. Phase IV/4 Trial 7. Pharmacovigilance Market, By Type of Service Provider 7.1. In House 7.2. Contract Outsourcing 8. Pharmacovigilance Market, By Geography 8.1. Europe 8.1.1. Germany 8.1.2. France 8.1.3. Italy 8.1.4. Spain 8.1.5. Russia 8.1.6. U.K. 8.1.7. Rest of Europe 8.2. Asia Pacific 8.2.1. China 8.2.2. India 8.2.3. Japan 8.2.4. South Korea
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8.2.5. Rest of Asia-Pacific 8.3. North America 8.3.1. U.S. 8.3.2. Canada 8.3.3. Mexico 8.4. Rest of the World (RoW) 8.4.1. Brazil 8.4.2. Rest of RoW 9. Pharmacovigilance Market – Entropy 9.1. Expansion 9.2. Technological Developments 9.3. Merger & Acquisitions, and Joint Ventures 9.4. Supply- Contract 10. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio) 10.1. Quintiles Transnational Corporation 10.2. Accenture Plc. 10.3. Boehringer Ingelheim GmbH 10.4. Bristol-Myers Squibb 10.5. PAREXEL International Corporation 10.6. Janssen Research & Development, LLC 10.7. Pharmaceutical Product Development, Inc. 10.8. United BioSource Corporation 10.9. Synowlwedge LLC 10.10. Cognizant Technology Solutions Corporation 10.11. Covance Inc. 10.12. ICON, Plc.. *More than 40 Companies are profiled in this Research Report, Complete List available on Request* "*Financials would be provided on a best efforts basis for private companies" 11. Appendix 11.1. Abbreviations 11.2. Sources 11.3. Research Methodology 11.4. Bibliography 11.5. Compilation of Expert Insights 11.6. Disclaimer
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