Pharmacovigilance Outsourcing Market Anticipated To Witness Robust Growth, Surpassing $13.72 Billion By 2029

The Pharmacovigilance Outsourcing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Pharmacovigilance Outsourcing Market Size and Its Estimated Growth Rate?
The pharmacovigilance outsourcing market size has grown from $6.16 billion in 2024 to $7.24 billion in 2025, with a CAGR of 17.6%. Growth is due to increasing drug development, stringent regulatory requirements, the rise in adverse drug reactions, patient safety concerns, and outsourcing by smaller companies.

The pharmacovigilance outsourcing market is expected to grow to $13.73 billion by 2029, at a CAGR of 17.3%. This growth is attributed to the expansion of biologics and biosimilars, the focus on personalized medicine, the demand for real-world evidence, more complex drug safety profiles, and a greater emphasis on patient-centric care. Key trends include big data analytics, partnerships, cloud-based pharmacovigilance solutions, integration wi

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How Are Emerging Segments Shaping the Pharmacovigilance Outsourcing Market Landscape?
The pharmacovigilance outsourcingmarket covered in this report is segmented -

1) By Type: Adverse Drug Reaction Capture (ADR), Case Processing, Reporting And Submission, Report Publishing, Quality Check, Risk Management, Knowledge Management, Enabling Architecture
2) By Service Provider: Contract Research Organization, Business Processing Outsourcing
3) By End User: Pharmaceutical Industry, Research Organization, Others End Users

Subsegments:
1) Adverse Drug Reaction Capture (ADR): Automated ADR Reporting Tools, Manual ADR Reporting Solutions, ADR Data Mining Software
2) Case Processing: Case Intake and Triage Services, Medical Review and Evaluation Services, Data Entry and Management Services
3) Reporting And Submission: Regulatory Reporting Services, Submission to Health Authorities, Compliance Tracking Services
4) Report Publishing: Clinical Study Report Publishing, Safety Update Report Publishing, Final Study Report Publishing
5) Quality Check: Quality Assurance Services, Audit and Inspection Services, Compliance Monitoring Services
6) Risk Management: Risk Assessment Services, Risk Minimization Strategies, Benefit-Risk Evaluation Services
7) Knowledge Management: Data Management Solutions, Pharmacovigilance Database Management, Knowledge Sharing Platforms
8) Enabling Architecture: IT Infrastructure Solutions, Data Integration Services, Technology Platform Support

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Which Growth Factors Are Influencing Pharmacovigilance Outsourcing Market Expansion?
The growth of clinical trials is expected to drive the growth of the pharmacovigilance outsourcing market. Clinical trials evaluate the safety and effectiveness of new drugs, treatments, or medical devices. The increase in clinical trials is attributed to the focus on precision medicine, rising chronic disease rates, regulatory support, and global research expansion. Outsourcing pharmacovigilance in clinical trials improves drug safety monitoring by utilizing specialized expertise to ensure regulatory compliance and enhance efficiency. For instance, the Association of the British Pharmaceutical Industry noted a 4.3% increase in the number of clinical trials in the UK from 394 in 2021 to 411 in 2022. Hence, the rising number of clinical trials contributes to the growth of the pharmacovigilance outsourcing market.

Who Are the Dominant Players Across Different Pharmacovigilance Outsourcing Market Segments?
Major companies operating in the pharmacovigilance outsourcing market are accenture* PLC, International Business Machines Corporation (IBM), Tata Consultancy Services, Capgemini SE, Cognizant Technology Solutions Corporation, IQVIA Holdings Inc., Laboratory Corporation of America Holdings (LabCorp), Wipro Limited, ICON PLC, Syneos Health, Genpact limited, Parexel International Corp, Veeva Systems Inc., Medpace Holdings Inc., ProPharma Group, Pharmalex GmbH, PrimeVigilance Ltd., Global Pharma Tek, Veristat LLC, United BioSource LLC, Lambda Therapeutic Research, ArisGlobal, Biomapas

What Pharmacovigilance Outsourcing Market Trends Are Gaining Traction Across Different Segments?
Major Companies in the pharmacovigilance outsourcing market are focusing on developing solutions like cloud-based data lake platforms to improve pharmacovigilance case processing and safety data management in clinical research registries while ensuring regulatory compliance. For instance, in December 2023, Thermo Fisher Scientific Inc. introduced CorEvidence, a cloud-based platform that enhances pharmacovigilance processes by handling various data sources and optimizing the classification and reporting of adverse events. It supports scalable, compliant, and auditable safety management, thus improving clinical research registries and facilitating post-authorization safety studies.

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Which Geographic Regions Are Expected to Dominate the Pharmacovigilance Outsourcing Market in the Coming Years?
North America was the largest region in the pharmacovigilance outsourcing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pharmacovigilance outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pharmacovigilance Outsourcing Market?
2. What is the CAGR expected in the Pharmacovigilance Outsourcing Market?
3. What Are the Key Innovations Transforming the Pharmacovigilance Outsourcing Industry?
4. Which Region Is Leading the Pharmacovigilance Outsourcing Market?

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