Uploaded on Dec 27, 2021
Drug safety solutions and pharmacovigilance (PV or PHV), is basically a scientific procedure for the collection, analysis, monitoring and prevention of adverse effects in drugs and therapies. Its major purpose is to ensure that the pharmaceutical developers meet industry regulatory standards and increases pressure on the biotechnology and pharmaceutical companies to manufacture safe drugs and evaluate their results post sales.
Drug Safety Solutions and Pharmacovigilance Market Global Industry Trends, Competitive Analysis and Forecast to 2028
Drug Safety Solutions and Pharmacovigilance Market
Global Industry Trends, Competitive Analysis and
Forecast to 2028
Drug Safety Solutions and Pharmacovigilance Market, By Type (Software, Services),
Product (Standard Form, Customized Form), Functionality (Adverse Event Reporting
Software, Drug Safety Audits Software, Issue Tracking Software), By Delivery (On-
Premise Delivery Mode, On-Demand/Cloud-Based (SAAS) Delivery Mode), End Users
(Biotechnology and Pharmaceuticals, Contract Research Organizations (CROS),
Hospitals, KPOs/BPOs, Healthcare Providers), Distribution Channel (Direct Sales, Retail
Sales), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland,
Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea,
Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific,
Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel,
Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
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Market Analysis and Insights
Drug safety solutions and pharmacovigilance (PV or PHV), is basically a scientific
procedure for the collection, analysis, monitoring and prevention of adverse effects in
drugs and therapies. Its major purpose is to ensure that the pharmaceutical developers
meet industry regulatory standards and increases pressure on the biotechnology and
pharmaceutical companies to manufacture safe drugs and evaluate their results post
sales.
The growing prevalence of adverse drug reactions (ADRs) is primary factor responsible
for driving the growth of the drug safety solutions and pharmacovigilance market.
Additionally, the increasing adoption of pharmacovigilance software by outsourcing
companies and strict government regulations for prior and post commercialization of
drugs also heightens the overall growth of the market. However, dearth of skilled
pharmacovigilance professionals and high cost of drug safety solutions and
pharmacovigilance are estimated to obstruct the market’s growth.
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Major Key Players
Some of the major players operating in this market are :
• PPD Inc
• Drug Safety Solutions Limited
• C3i
• Worldwide Clinical Trials
• Bioclinica, United Biosource LLC
• Ennov, AB Cube France
• Covance Inc.
• Accenture
• PRA Health Sciences, Inc
• Ergomed Plc, IQVIA, Genpact
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Market Segmentation
• By Type (Software, Services)
• By Product (Standard Form, Customized Form)
• By End Users (Biotechnology and Pharmaceuticals, Contract Research
Organizations (CROS), Hospitals, KPOs/BPOs, Healthcare Providers)
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Regional Analysis
Based on geography, the market is segmented into five geographical
regions
North America
Europe
Asia-Pacific
South America
Middle East
Africa
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