Press release
Pharmacovigilance (PV) Market 2020 Surprising Growth : Accenture., Boehringer Ingelheim International GmbH, Bristol-Myers Squibb Company, Linical Accelovance, Cognizant
Pharmacovigilance (PV) Market 2020 Surprising Growth
Pharmacovigilance (PV) Market report provides an in-depth analysis of the latest trends, present and future business scenario, market size and share of global leading key Players such as Accenture., Boehringer Ingelheim International GmbH, Bristol-Myers Squibb Company, Linical Accelovance, Cognizant, F. Hoffmann-La Roche Ltd, GlaxoSmithKline plc, HCL Technologies Limited, IBM Corporation, ICON plc, Infosys Limited, Syneos Health, Ipca Laboratories Ltd, IQVIA Inc, ITClinical, Janssen Sciences Ireland UC, Laboratory Corporation of America Holdings, Novartis AG, Oracle, Parexel International Corporation, Pfizer Inc., Tata Consultancy Services Limited, Wipro Limited. and many others.
Pharmacovigilance (PV) Market is expected to rise by registering a healthy CAGR of 13.44% in the forecast period of 2020-2029.
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Through rising drug consumption, the need for regular drug screening has also risen, gradually improving the pharmacovigilance sector. Human infectious diseases are also on the rise due to shifting environments, widespread poverty and rising urbanization, which is also fuelling drug consumption and accelerating the production of narcotics.
Pharmacovigilance (PV) Market Drivers:
o Rising incident levels for ADR and opioid toxicity will boost this market growth
o Increasing developments in contracting pharmacovigilance facilities will also drive the market.
o With increase in drug development rates and consumption of drugs is also boosting the market.
Pharmacovigilance (PV) Market Restraints:
o Lack of data collection standardization and global regulatory harmonization is a factor which can hinder the market growth
o Higher risks involved in data security also restricts the growth of the market
The key factors driving this Pharmacovigilance (PV) Market are increasing drug consumption and drug development rates, increasing incidence rates of adverse drug reactions and drug toxicity, and an increasing trend in outsourcing pharmacovigilance services.
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Pharmacovigilance (PV) Market Scope and Market Size
Pharmacovigilance (PV) Market has been segmented on the basis of type of reporting, service provider, clinical trial phase and end user.
On the basis of type of reporting segment, the pharmacovigilance (PV) market is sub segmented into spontaneous reporting, intensified ADR reporting, targeted spontaneous reporting, cohort event monitoring and EHR mining. Spontaneous reporting is having largest market share owing to wide usage in detection of new, serious, and rare ADRs and serves as an efficient and inexpensive method
Based upon service provider segment, the pharmacovigilance (PV) market is sub segmented into in house and contract outsourcing. The contract outsourcing holds the largest market share because of the benefits associated with outsourcing such as risk mitigation, resource flexibility, reduction of upfront investments, and lowered fixed cost.
The clinical trial phase segment is sub segmented into preclinical, phase I, phase II, phase III and phase IV. The phase IV holds the largest market share as data collected and assessed during this stage is expected to be of the highest relevance.
On the basis of end user segment, the pharmacovigilance (PV) market is sub segmented into hospitals, pharmaceutical companies and other. Hospitals held the largest market share due to growing incidence of ADRs and medication errors.
Country Level Analysis of Pharmacovigilance (PV) Market
On the basis of region, the Pharmacovigilance (PV) Market is segmented into North America and South America, Asia Pacific, Europe and Middle East and Africa.
Key Developments in the Pharmacovigilance (PV) Market :
In May 2019, Accenture launched INTIENT which is an innovative platform to advance the discovery, development and delivery of patient treatments. It is designed to benefit life sciences in collaboration among enterprise, application of advanced artificial intelligence, data security and access to external partner network.
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Major Table of Contents: Pharmacovigilance (PV) Market
1 Pharmacovigilance (PV) Market Overview
2 Manufacturers Profiles
3 Global Pharmacovigilance (PV) Market Competition, by Players
4 Global Pharmacovigilance (PV) Market Size by Regions
5 North America Feed Antibiotics Revenue by Countries
6 Europe Feed Antibiotics Revenue by Countries
7 Asia-Pacific Feed Antibiotics Revenue by Countries
8 South America Feed Antibiotics Revenue by Countries
9 Middle East and Africa Revenue Feed Antibiotics by Countries
10 Global Pharmacovigilance (PV) Market Segment by Type
11 Global Pharmacovigilance (PV) Market Segment by Application
12 Global Pharmacovigilance (PV) Market Size Forecast (2020-2029)
13 Research Findings and Conclusion
14 Appendix
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
Contact:
Mr. A Naidu
Research for Markets
Tel: +44 8000-4182-37 (UK)
Email: alan.naidu@researchformarkets.com
About Research for Markets:
Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.
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