Pharmacovigilance (PV) Market to Observe Strong Development of 12.8% CAGR by 2023 | Worldwide Top Key Vendors – Accenture, Cognizant, IBM, ArisGlobal, Foresight Group International AG, ICON, Capgemini

Marketprognosis.com Publish a New Market Research Report On “Global Pharmacovigilance (PV) Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Pharmacovigilance (PV) Market:

The Global Pharmacovigilance (PV) Market is expected to register a CAGR of 12.8% during the forecast period, 2018 to 2023.

According to WHO, Pharmacovigilance is the science and activities relating to the detection, assessment, understanding, and prevention of adverse effects or any other drug-related problems. The focus of pharmacovigilance is on ADR (adverse drug reactions) and drug toxicity. Increasing number of adverse drug reactions (ADRs) imposes a significant burden on the healthcare system by extending patient morbidity under chronic condition.

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The ADR or adverse drug reaction is defined as an injury caused by taking a medication. Adverse drug reactions (ADR) are far more common than one would think. It is estimated that ADR is one of the leading causes of deaths, right after heart disease, cancer, and stroke, globally. Further, it is estimated that ADRs are the sixth leading cause of death worldwide. With the increase in number of adverse drug reactions (ADRs), there has been a significant burden on the healthcare system. The need to reduce the burden of ADRs has led to an increase in the demand for pharmacovigilance services, thus expanding the global market size.

The process of pharmacovigilance requires the use of skilled professionals to manage adverse events and clinical-trial activities, and contribute to ensure compliance of pharmacovigilance activities. However, the dearth of skilled professionals in the market is restraining its growth, additionally; high risk associated with data security is also restraining the market growth.

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North America dominates the market due to rising mortality rates, adverse drug events, and growing patient concerns for safety and efficacy of drugs.

Major Key Players:

1 Accenture

2 Cognizant

3 Laboratory Corporation of America Holdings

4 IBM Corporation

5 ArisGlobal

6 Foresight Group International AG

7 ICON Plc

8 Capgemini

9 United BioSource Corporation and More……………….

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Pharmacovigilance (PV) Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.