Pharmacovigilance Market 2022-27: Demand, Trends,
Share, Size, Opportunity and Forecast
According to
the latest report by IMARC Group “Pharmacovigilance Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, offers a comprehensive
analysis of the industry, which comprises insights on the pharmacovigilance
market trends. The global pharmacovigilance market reached a value of US$
6.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach
US$ 11.8 Billion by 2027, exhibiting a CAGR of 10.5% during 2022-2027.
Industry
Definition and Application:
Pharmacovigilance
(PV) refers to the pharmacological science dealing with the assessment,
detection and prevention of unfavorable effects associated with pharmaceutical products.
It plays a crucial role in identifying previously unknown adverse effects,
recognizing changes in the severity or frequency, and assessing the risks and
benefits of drugs to ascertain required actions. PV also certifies the accuracy
of communicated information to patients and healthcare professionals. As a
result, it is widely used to understand the effects of drugs on individuals
worldwide.
Market Trends:
The growing
incidences of lifestyle diseases, such as diabetes, hypertension, cardiac
disorders, etc., have resulted in the growing consumption of drugs. This, along
with the rising cases of adverse drug reactions (ADRs), is primarily driving
the market growth. Additionally, the sudden outbreak of COVID-19 has resulted
in the urgent need for a vaccine, which has created numerous opportunities for
the market players. Moreover, several key manufacturers are introducing
advanced platforms to ensure automated ADR reporting, thereby further
contributing to the market growth. Besides this, various pharmaceutical
manufacturers are increasingly outsourcing pharmacovigilance operations to
third parties in order to increase internal resource flexibility and enhance
productivity over shorter periods.
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sample of the report: https://www.imarcgroup.com/pharmacovigilance-market/requestsample
We are
regularly tracking the direct effect of COVID-19 on the market, along with the
indirect influence of associated industries. These observations will be
integrated into the report.
Competitive
Landscape:
The competitive
landscape of the market has been studied in the report with the detailed
profiles of the key players operating in the market.
Some of these
key players include:
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Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/pharmacovigilance-market
The report has
segmented the market on the basis of Product Type, End-User and Region.
Breakup by
Service Provider:
Breakup by
Product Life Cycle:
Breakup by
Type:
Breakup by
Process Flow:
Breakup by
Therapeutic Area:
Breakup by End
Use:
Breakup by
Region:
If you want
latest primary and secondary data (2022-2027) with Cost Module, Business
Strategy, Distribution Channel, etc. Click request free sample report,
published report will be delivered to you in PDF format via email within 24 to
48 hours of receiving full payment.
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IMARC Group is
a leading market research company that offers management strategy and market
research worldwide. We partner with clients in all sectors and regions to
identify their highest-value opportunities, address their most critical
challenges, and transform their businesses.
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information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high
technology organizations. Market forecasts and industry analysis for
biotechnology, advanced materials, pharmaceuticals, food and beverage, travel
and tourism, nanotechnology and novel processing methods are at the top of the
company’s expertise.
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