Pharmacovigilance (PV) Market Expected to Witness a Sustainable Growth Over 2032 | Linical Accelovance, Cognizant, IBM Corporation, ArisGlobal, ICON plc.

Global Pharmacovigilance (PV) Market report from Global Insight Services is the single authoritative source of intelligence on Pharmacovigilance (PV) Market . The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Pharmacovigilance is the science and activities related to the detection, assessment, understanding and prevention of adverse effects or any other drug-related problems.

Passive surveillance is the most common type of pharmacovigilance activity. It is important because it can identify previously unknown adverse events. However, it has some limitations, such as under-reporting and reporting bias.

Key Market Players

The pharmacovigilance (PV) market report includes players such as Linical Accelovance, Cognizant, IBM Corporation, ArisGlobal, ICON plc., Capgemini, ITClinical, FMD K&L, and IQVIA.

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Key Trends

There are several key trends in PV technology:

1. The use of big data and machine learning to identify potential safety risks.

2. The use of predictive analytics to identify at-risk patients.

3. The use of social media monitoring to identify potential safety concerns.

4. The use of mobile technology to collect patient-reported data.

Key Drivers

The key drivers of pharmacovigilance (PV) market are the increasing number of clinical trials, the growing prevalence of chronic and life-threatening diseases, and the need for better patient safety.

The number of clinical trials has been increasing over the years as the pharmaceutical industry seeks to develop new and better treatments for various diseases. This has led to an increase in the number of patients being exposed to new drugs, which has in turn led to an increase in the need for PV.

The prevalence of chronic and life-threatening diseases is also a key driver of the PV market. As the population ages, the number of people suffering from chronic diseases such as cancer and heart disease is increasing. This is leading to a greater need for PV, as these patients are often taking multiple medications that need to be closely monitored for safety.

Finally, the need for better patient safety is also driving the PV market. In recent years, there have been a number of high-profile cases of patients being harmed by drugs that were not properly monitored. This has led to calls for better PV, which is helping to drive the market.

Key Market Segments

The pharmacovigilance (PV) bifurcated on the basis of type, service provider, end-user, and region. On the basis of type, it is segmented into adverse drug reaction capture (ADR), case processing, reporting & submission, and others. By service provider, it is divided into up to contract research organization and business processing outsourcing. By end-user, it is analyzed across pharmaceutical industry, research organization, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

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