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Pharmacovigilance Market to Reflect Impressive CAGR Growth of 13.14% with top most players BioClinica, LabCorp, Capgemini, Clinquest Group B.V, iMEDGlobal, ITClinical, Cognizant, ArisGlobal LLC, ICON plc, IBM and Accenture
Pharmacovigilance Market
North America captured the biggest revenue share in 2016, attributable to presence of key pharmaceutical and medicinal devices players in this area, adding to the general income in this area. Rising level of drug abuse and related unfavourable drug reactions is a main source of death and morbidity. The previously mentioned components are high development rendering factors for the pharmacovigilance market in North America. Asia Pacific is anticipated to develop at lucrative rate, owing to accessibility of expansive number of outsourcing associations.
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Pharmacovigilance (PV) industry -Competitive Insights:
The leading players in the market are BioClinica, LabCorp, Capgemini, Clinquest Group B.V, iMEDGlobal, ITClinical, Cognizant, ArisGlobal LLC, ICON plc, IBM and Accenture. This industry is witnessing a tremendous boost due to patent expiration of branded drugs and rising number of new drug developments. This has encouraged several local and international pharmacovigilance service providers in the market.
Pharmacovigilance (PV) -Industry Outlook and Trend Analysis:
The Pharmacovigilance (PV) Market was worth USD 2.78 billion in 2014 and is expected to reach approximately USD 8.46 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 13.14% during the forecast period. Expanding rate of Adverse Drug Reactions (ADRs) is anticipated to quicken the interest for pharmacovigilance services over the conjecture time frame. Developing prevalence of chronic diseases is another significant benefactor for the PV development. Treatment of these chronic diseases require uptake of blend of medications bringing about ADR. To curtail this issue, PV administrations are used. Also, presence of charitable association for spreading the awareness associated with PV, for example, International Society of Pharmacovigilance (ISoP) is anticipated to encourage the selection of PV amid the conjecture time frame as it is concentrating on upgrading safe and appropriate use of medications at worldwide level. Increasing government activities relating to adoption of PV administrations is foreseen to impel the business development in the following years.
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Pharmacovigilance (PV) industry -Type Outlook and Trend Analysis:
Spontaneous reporting captured the biggest share of the pharmacovigilance market in 2016, attributable to wide usage in location of new, genuine and uncommon ADRs and serves as a proficient and economical technique. Wide use of surveillance reports created through this technique by pharmaceutical organizations and regulatory authorities is likewise in charge of capitalizing the share of the overall industry of spontaneous reporting. Cohort event monitoring (CEM) is anticipated to be the quickest developing fragment inferable from its expanding application in discovery of extensive variety of unfavourable clinical events.
Pharmacovigilance (PV) industry -End User outlook and Trend Analysis:
In 2016, hospitals represented the biggest revenue share of the pharmacovigilance market based on end use. Hospitals serves columnist associations, which report the ADRs, happened amid a specific time period, to administrative experts keeping in mind the end goal to find out the requirement for post marketing surveillance. Rising frequency of ADRs and medication errors are anticipated to drive the hospital section development over the gauge time frame.
The Pharmacovigilance (PV) Market is segmented as follows-
Pharmacovigilance (PV) Market, By Trial Phase, Estimates and Forecast, 2014-2023 ($Million)
Pre-clinical
Phase I
Phase II
Phase III
Phase IV
Pharmacovigilance (PV) Market, By Service Provider, Estimates and Forecast, 2014-2023 ($Million)
In-house
Contract Outsourcing
Pharmacovigilance (PV) Market, By Type, Estimates and Forecast, 2014-2023 ($Million)
Spontaneous Reporting
Intensified ADR Reporting
Targeted Spontaneous Reporting
Cohort Event Monitoring
EHR Mining
Pharmacovigilance (PV) Market, By End User, Estimates and Forecast, 2014-2023 ($Million)
Hospitals
Research Organizations
Industrial
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1) An extensive research study on the Global Pharmacovigilance (PV) market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Pharmacovigilance (PV) market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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Major TOC of Pharmacovigilance (PV) Market:
Chapter1. Introduction
Chapter2. Executive Summary
Chapter3. Market Overview
Chapter4. Market Analysis by Regions
Chapter 5. Pharmacovigilance (PV) Market, By Trial Phase
5.1. Introduction
5.2. Global Pharmacovigilance (PV) Sales, Revenue and Market Share by Trial Phase (2014-2018)
5.2.1. Global Pharmacovigilance (PV) Sales and Sales Share by Trial Phase (2014-2018)
5.2.2. Global Pharmacovigilance (PV) Revenue and Revenue Share by Trial Phase (2014-2018)
5.3. Pre-clinical
5.3.1. Global Pre-clinical Sales and Growth Rate (2014-2018)
5.4. Phase I
5.4.1. Global Phase I Sales and Growth Rate (2014-2018)
5.5. Phase II
5.5.1. Global Phase II Sales and Growth Rate (2014-2018)
5.6. Phase III
5.6.1. Global Phase III Sales and Growth Rate (2014-2018)
5.7. Phase IV
5.7.1. Global Phase IV Sales and Growth Rate (2014-2018)
Chapter 6. Pharmacovigilance (PV) Market, By Service Provider
6.1. Introduction
6.2. Global Pharmacovigilance (PV) Sales, Revenue and Market Share by Service Provider (2014-2018)
6.2.1. Global Pharmacovigilance (PV) Sales and Sales Share by Service Provider (2014-2018)
6.2.2. Global Pharmacovigilance (PV) Revenue and Revenue Share by Service Provider (2014-2018)
6.3. In-house
6.3.1. Global Under In-house Sales and Growth Rate (2014-2018)
6.4. Contract Outsourcing
6.4.1. Global Contract Outsourcing Sales and Growth Rate (2014-2018)
Chapter7. Pharmacovigilance (PV) Market, By Type
Chapter8. Pharmacovigilance (PV) Market, By End User
Chapter9. Pharmacovigilance (PV) Market, By Region
Chapter10. Company Profiles
Chapter11. Global Pharmacovigilance (PV) Market Competition, by Manufacturer
Chapter12. Pharmacovigilance (PV) Market Forecast (2018-2023)
…CONTINUED FOR TOC
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
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