The latest survey on Pharmacovigilance Outsourcing Market is conducted to provide hidden gems performance analysis of Pharmacovigilance Outsourcing to better demonstrate competitive environment. The study is a mix of quantitative market stats and qualitative analytical information to uncover market size revenue breakdown by key business segments and end-use applications. The report bridges the historical data from 2019 to 2023 and forecasted till 2030. The outbreak of the latest scenario in Pharmacovigilance Outsourcing market has made companies uncertain about their future outlook as the disturbance in the value chain has made a serious economic slump. Some are the key & emerging players that are part of the coverage and profiled in the study are IQVIA (United States), PAREXEL International Corporation (United States), Accenture (Ireland), Cognizant (United States), ICON plc (Ireland), QuintilesIMS (now IQVIA) (United States), Syneos Health (United States), TCS (Tata Consultancy Services) (India), Wipro (India), Sciformix Corporation (United States), ArisGlobal (United States)
According to HTF Market Intelligence, the Global Pharmacovigilance Outsourcing Market size is estimated to be around USD 8.3 Million in 2023 and is expected to grow at a CAGR of 7.8% to reach USD 14.2 Million by 2030.
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Pharmacovigilance Outsourcing Market Overview
Pharmacovigilance outsourcing refers to the practice of contracting out activities related to pharmacovigilance, which is the science and activities related to the detection, assessment, understanding, and prevention of adverse effects or any other drug-related problems. In the context of the pharmaceutical and healthcare industry, pharmacovigilance outsourcing typically involves delegating specific tasks or the entire pharmacovigilance process to external service providers or organizations.
Market Drivers
Increasing complexity of regulatory requirements
Growing volume of adverse event data that pharmaceutical companies
Market Opportunities:
The integration of advanced technologies like Artificial intelligence (AI), machine learning, and natural language processing (NLP)
Fastest-Growing Region:
Asia Pacific, Latin America
Dominating Region:
North America, Europe
Pharmacovigilance Outsourcing Market Segmentation
Market Analysis by Types: Adverse Event Reporting, Clinical Trial Safety Services, Signal Detection and Management, Regulatory Affairs and Compliance, Risk Management Services
Market Analysis by Applications: Small and Medium Enterprises (SMEs), Large Enterprises
Market Leaders & Development Strategies:
On 26th April 2021, the pharmaceutical industry-focused company Ergomed plc announced that its PrimeVigilance division, a leader in the world of pharmacovigilance and medical information services, has opened a new legal entity and regional office in Japan. Based in Tokyo, the new subsidiary business operates under the name PrimeVigilance Japan KK and provides a full suite of pharmacovigilance services, including a specific Japanese safety database. Comprehensive medical information services in Japanese are also offered.
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Important Features that are under offering & key highlights of the Pharmacovigilance Outsourcing market report:
1. Why lots of Key players are not profiled in the Study?
–> The market study is surveyed by collecting data from various companies from Pharmacovigilance Outsourcing industry, and the base for coverage is NAICS standards. However, the study is not limited to profiling only a few companies; connect with sales executives to get a customized list. The standard version of the research report is listed with players like IQVIA (United States), PAREXEL International Corporation (United States), Accenture (Ireland), Cognizant (United States), ICON plc (Ireland), QuintilesIMS (now IQVIA) (United States), Syneos Health (United States), TCS (Tata Consultancy Services) (India), Wipro (India), Sciformix Corporation (United States), ArisGlobal (United States)
2. Does the Scope of the Market Study allow further Segmentation?
—> Yes, for a deep dive analysis add-on segmentation is applicable in a premium customized version of the report to better derive market values. The standard version of this report covers segmentation by Application [Small and Medium Enterprises (SMEs), Large Enterprises ], by Type [Adverse Event Reporting, Clinical Trial Safety Services, Signal Detection and Management, Regulatory Affairs and Compliance, Risk Management Services], and by regions [In North America, In Latin America, Europe, The Asia-pacific, Middle East and Africa (MEA), What are the main countries covered , The United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, Korea, Southeast Asia, India, Australia, Brazil, Mexico, Argentina, Chile, Colombia, Egypt, Saudi Arabia, United Arab Emirates, Nigeria & South Africa]
3. What level of granularity would the Country landscape cover?
—> In the premium version of the report, two-level of regional segmentations allow user to have access to a country-level break-up of market Size by revenue and volume*
* Wherever applicable
4. Does the Study also provide insights into macroeconomic factors?
—> Yes, the study also includes market factor analysis that includes macroeconomic factors, the inflationary cycle and its impact, and Russia-Ukraine war analysis and its effect on the value/supply chain.
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• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt, and South Africa.
• Europe: the United Kingdom, France, Italy, Germany, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, Australia, etc.
Reasons to Buy
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- Benchmark performance against key competitors
- Utilize the relationships between key data sets for superior strategizing.
- Facilitate decision-making based on historic and forecast trends of Pharmacovigilance Outsourcing market
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
- Gain a global perspective on the development of the Pharmacovigilance Outsourcing market
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