Global Pharmacovigilance and Drug Safety Software Market – Analysis and Forecast (2018-2024)

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Pharmacovigilance and Drug Safety Software Market

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Pharmacovigilance and Drug Safety Software Market

Pharmacovigilance (PV) and drug safety software enables to submit, produce, maintain, categorize, and analysis PV data and contrary event report. It is used by contract research organizations, business process outsourcing firms, pharmaceutical, and biotechnology companies and others. The global pharmacovigilance and drug safety software market is growing at a significant rate, due to mounting occurrence of adverse drug reactions. ÂŠ 2018 VynZ Research All rights reserved

Pharmacovigilance and Drug Safety Software Market

The mounting occurrence of adverse drug reactions (ADRs), budding complexity related to drug safety regulations, and escalating implementation of PV software by outsourcing companies are the primary growth drivers for pharmacovigilance and drug safety software market. Government regulatory bodies such as the European Medicines Agency (EMA), the U.S. Food and Drug Administration (FDA), and Japanâ&#x20AC;&#x2122;s Pharmaceuticals and Medical Devices Agency (PMDA) have strengthened security regulations for previous and post commercialization of drugs, which has mounted burden on the pharmaceutical and biotechnology companies to invent safe drugs and assess their consequences after sales.

Pharmacovigilance and Drug Safety Software Market

Asia-Pacific is observed to witness the fastest growth in the market, due to budding private and public assets in pharmaceutical R&D. In addition, mounting alertness about public safety, upsurge in research outsourcing by pharmaceutical giants, mounting need and occurrence of clinical trials, mounting number of adverse drug reaction, and substantial cost-saving benefits are also creating a positive impact on the pharmacovigilance and drug safety software market growth in the region. In June 2018, ArisGlobal, and APCER Life Sciences launched LifeSphere Safety MultiVigilance an integrated cloud technology and pharmacovigilance services platform. In addition in October 2017, Oracle collaborated with dMed to meet mounting regulatory compliance and safety management requirements in China. Ennov, AB-Cube, Oracle Corporation, Arisglobal, Sarjen Systems Pvt. Ltd, Online Business Applications, Inc., United Biosource Corporation, Extedo GMBH, Sparta Systems, Inc., and Umbra Global pharmacovigilance, and drug safety software. ÂŠ 2018 VynZ Research All rights reserved

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Global Pharmacovigilance and Drug Safety Software Market – Analysis and Forecast (2018-2024)

Published on May 14, 2020

kumarharindra784

Pharmacovigilance (PV) and drug safety software enables to submit, produce, maintain, categorize, and analysis PV data and contrary event report. It is used by contract research organizations, business process outsourcing firms, pharmaceutical, and biotechnology companies and others. The global pharmacovigilance and drug safety software market is growing at a significant rate, due to mounting occurrence of adverse drug reactions. Different functionality contributed to the pharmacovigilance and drug safety software market size. The market has witnessed a high demand for adverse event reporting software over the last few years due to mounting occurrence of an adverse drug.