Global Drug Safety Solutions And Pharmacovigilance Market 2028| Key Vendor Landscape By Regional Output Demand By Countries And Future Growth

Drug Safety Solutions And Pharmacovigilance Market report comprises of extensive study about diverse market segments and regions, emerging trends along with major drivers, challenges and opportunities in the market. Market segmentation is a significant parameter that categorises the market depending upon application, vertical, deployment model, end-user, and geography etc. Drug Safety Solutions And Pharmacovigilance Market report also provides CAGR value fluctuation in percentage during the forecast period of 2021-2028 for the market. Additionally, this report has been structured by keeping in mind all the foremost aspects of the market research that put forth market landscape simply into focus. This market research report also identifies and analyses the emerging trends along with major driving factors, challenges and opportunities in the market.

Drug Safety Solutions and Pharmacovigilance Market is projected to register a substantial CAGR of 7.4% in the forecast period of 2019 to 2026. The new market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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Major Market Key Players:

Some of the major players operating in global drug safety solutions and pharmacovigilance market are Pharmaceutical Product Development, LLC, Drug Safety Solutions Limited, C3i, Worldwide Clinical Trials, Bioclinica, United Biosource LLC, Ennov, AB Cube, Covance Inc., , PRA Health Sciences, Inc., Ergomed, IQVIA, Genpact, Cognizant, Parexel International Corporation, ArisGlobal, ICON plc, Oracle, Syneos Health among others.

Recent Developments:

In October 2019, Laboratory Corporation of America Health EC and The New Jersey announced the collaboration and development of a database and information exchange platform. This platform will be useful through LabCorp’s Care Intelligence application. This collaboration will lead to LabCorp improved lives and improved health. This will give more patient satisfaction and recognition.
In October 2019, Parexel International Corporation announced that they have entered into a strategic partnership with Datavant, Inc. to allow the connection of real-world data including all clinical trials which is conducted by Parexel. This partnership will expand and extend companies entire portfolio which have ability to link data available to more customers.
In September 2019, has announced its collaboration with Bayer. The purpose of collaboration will be Streamline Drug Development Processes through INTIENT Clinical Platform. With this collaboration will lead to develop high quality of data, and will increase its product portfolio.
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Segmentation: Global Drug Safety Solutions and Pharmacovigilance Market
Asia-Pacific drug safety solutions and pharmacovigilance market is segmented into three notable segments which are type, end user and distribution channel.

On the basis of type, the market is segmented into software and services
In June 2019, Syneos Health launched FSP 360 solutions. The solution is designed to non-traditional and traditional FSP capabilities and to resolve issue related to driving speed, realities, quality and efficiencies across an entire asset portfolio. The solution will help the company to increase market share in market as the product is the combination of monitoring, safety/pharmacovigilance, project management and data services, eTMF, investigator payments, feasibility, site contracts and study start up.
On the basis of end user, the market is segmented into hospitals, healthcare providers, pharmaceutical & biotechnology industries, KPOs/BPOs, contract research organizations (CROS) and others
On the basis of distribution channel, the market is segmented into direct sales and retail sales
Drivers: Drug Safety Solutions and Pharmacovigilance Market
Increase in R & D expenditure by pharmaceutical and biopharmaceutical companies
Increase in the number of adverse drug reactions (ADRS)
Restraint:

High cost of drug safety solutions & pharmacovigilance
Opportunities:

Automation in drug safety solutions & pharmacovigilance
Research collaborate ions and partnerships
Strategic initiatives by market players
Challenge:

The misreporting and miscoding of adverse events
Market Trends:

Global Drug Safety Solutions and Pharmacovigilance Market is segmented into three notable segments which are type, end user and distribution channel.

On the basis of type, the market is segmented into software and services. In 2019, software segment is expected to dominate the market with largest market share because of the rising use of software in drug monitoring and reporting adverse event of drug monitoring for post marketing surveillance and clinical phase of drugs.
On the basis of end user, the market is segmented into hospitals, healthcare providers, pharmaceutical & biotechnology industries, KPOs/BPOs, contract research organizations (CROS) and others
On the basis of distribution channel, the market is segmented into direct sales and retail sales
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Key Offerings:

Market Size & Forecast by Revenue | 2021−2028
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
Competitive Landscape – Top key vendors and other prominent vendors

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