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Pharmacovigilance Market, By Clinical Phase (Pre-Clinical, Phase I, Phase II, Phase III, and Post-Clinical), By Service Offering And Geography (North America, Europe, Asia Pacific, And Rest Of The World) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

123 Pages | Published Date : 12 / 06 / 17  | Report Code: AV131 | Report Format: PDF

REPORT HIGHLIGHT

The pharmacovigilance market is estimated to represent a global market of USD 7,832 million by 2025 with growth rate of 13.9%.

Market Dynamics

As per the World Health Organization (WHO), pharmacovigilance is defined as the science relating to the detections, understanding, assessment and prevention of adverse drug effects or any other related problems. Adverse drug reactions is the major problems related to the drug molecules. Increasing incidence of adverse drug events will spur the market growth. According to the Institute of Medicine (IOM), more than 1.5 million preventable adverse drug incidences occur within the healthcare industry every year which costs more than USD 4 billion annually. U.S. Food and Drug Administration also stated that approximately 253,017 serious adverse drug reactions and 44,693 deaths associated with ADRs in the first quarter of 2015. Thus, federal agencies such as the Centers for Disease Control and Prevention (CDC), the Agency for Healthcare Research and Quality (AHRQ), the Drug Enforcement Agency (DEA), the Centers for Medicare and Medicaid Services (CMS), and others are constantly monitoring the safety and efficacy of commercialized therapeutics. This will stimulate the demand for pharmacovigilance studies across the globe hence drives the market growth. However, strict regulatory guidelines hampers the market growth to some extent.

Clinical Phase Takeaway

The market is categorized in terms of clinical phases into pre-clinical, phase I, phase II, phase III, and post-clinical.  As of 2016, post-clinical clinical phase is accounted for the largest revenue, captured more than 70% share of the global market. Post clinical phase is considered to be the most important phase of drug development. Under this phase, true safety profile of a drug candidate is characterized by continuing safety surveillance.The drug is evaluated under non-interventional and observational trial in a naturalistic setting which complements the safety and efficacy parameters. As per service offering, the market is bifurcated as contract outsourcing services and In- House services. Contract outsourcing services segment is projected to grow with the highest CAGR of 15.3% during the forecast period. Rising demand for contract clinical trials among multinational pharmaceutical or biotechnology companies is expected to boost the market revenue of this segment.

Regional Takeaway

Regionally, developed regions of North America and Europe recorded the largest revenue. Enhanced pharmacovigilance activities in developed regions through effective implementation of information systems and services augment the overall market growth. Developing regions such as Asia Pacific and Latin America is emerged as the most potential market for pharmacovigilance studies. Also, counties like Middle East and Africa rapidly expanding their presence in this market. As per the WHO data, there were only five African counties had establishment of good pharmacovigilance capacity as of 2000 which is now reach to more than 34 in 2010. Also, the organization also stated that there is increase in opportunity to promote pharmacovigilance in African countries. This would in turn surge in demand for pharmacovigilance hence drives the market growth.

Key Vendor Takeaway

Companies such as Accenture, Cognizant, Laboratory Corporation of America Holdings, Wipro Ltd., United BioSource Corporation, Foresight Group International AG, iMED Global and others are operating in this market.

The market size and forecast for each segment has been provided for the period 2014 to 2025, considering 2015 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2016 to 2025 for every reported segment.

The years considered for the study are:

  • Historical Year – 2014 & 2015
  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2025

TARGET AUDIENCE

  • Hospitals
  • Manufacturers
  • Traders, Distributors, And Suppliers
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY CLINICAL PHASE

  • Pre clinical
  • Phase I
  • Phase II
  • Phase III
  • Post clinical

MARKET, BY SERVICE OFFERING

  • Contract
  • In House

MARKET, BY REGION

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

MARKET, BY COUNTRY

  • Further Breakdown of The North America Market
    • U.S.
    • Canada
  • Further Breakdown of The Europe Market
    • Germany
    • France
    • Rest of Europe
  • Further Breakdown of The APAC Market
    • India
    • China
    • Rest of APAC
  • Further Breakdown of The Rest of the World Market
    • Middle East and Africa
    • Latin America

TABLE OF CONTENTS

  1. PHARMACOVIGILANCE MARKET OVERVIEW
    • Study Scope
    • Base Year
    • Assumption and Methodology
  2. EXECUTIVE SUMMARY
    • Key Market Facts
    • Geographical Scenario
    • Companies in the Market
  3. PHARMACOVIGILANCE KEY MARKET TRENDS
    • Market Drivers
      • Impact Analysis of Market Drivers
    • Market Restraints
      • Impact Analysis of Market Restraints
    • Market Opportunities
    • Market Future Trends
  4. PHARMACOVIGILANCE INDUSTRY STUDY
    • Company Activity Analysis
    • Regulatory Framework Analysis
    • Value Chain Analysis
  5. PHARMACOVIGILANCE MARKET LANDSCAPE
    • Market Share Analysis
    • Key Innovators
  6. PHARMACOVIGILANCE MARKET – BY CLINICAL PHASE:
    • Overview
    • Pre Clinical
      • Overview
      • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    • Phase I
      • Overview
      • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    • Phase II
      • Overview
      • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    • Phase III
      • Overview
      • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    • Post Clinical
      • Overview
      • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
  1. PHARMACOVIGILANCE MARKET – BY SERVICE OFFERING:
    • Overview
    • Contract
      • Overview
      • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
    • In House
      • Overview
      • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
  1. PHARMACOVIGILANCE MARKET– BY GEOGRAPHY
    • Introduction
    • North America
      • Overview
      • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
      • S.
        • Overview
        • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
      • Canada
        • Overview
        • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
      • Europe
        • Overview
        • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
        • France
          • Overview
          • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
        • Germany
          • Overview
          • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
        • Rest of Europe
          • Overview
          • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
        • Asia Pacific (APAC)
          • Overview
          • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
          • China
            • Overview
            • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
          • India
            • Overview
            • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
          • Rest of APAC
            • Overview
            • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
          • Rest of the World
            • Overview
            • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
            • Latin America
              • Overview
              • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
            • Middle East and Africa
              • Overview
              • Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
  1. KEY VENDOR ANALYSIS
    • Accenture
      • Company Overview
      • SWOT Analysis
      • Key Developments
    • Cognizant
      • Company Overview
      • SWOT Analysis
      • Key Developments
    • Laboratory Corporation of America Holdings
      • Company Overview
      • SWOT Analysis
      • Key Developments
    • Wipro Ltd.
      • Company Overview
      • SWOT Analysis
      • Key Developments
    • United BioSource Corporation
      • Company Overview
      • SWOT Analysis
      • Key Developments
    • Foresight Group International AG
      • Company Overview
      • SWOT Analysis
      • Key Developments
    • iMED Global
      • Company Overview
      • SWOT Analysis
      • Key Developments
  1. 360 DEGREE ANALYSTVIEW
  2. APPENDIX
    • Research Methodology
    • Abbreviations
    • Disclaimer
    • Contact Us

SCOPE AND OBJECTIVES

The objective of this report is to describe the market trends and revenue forecasts for the PHARMACOVIGILANCE Market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the coil coatings market. The scope of this report covers PHARMACOVIGILANCE  market by its major segments, which include the type, end user industry, and the major geographic regions.

KEY BENEFITS OF THE REPORT:

  • Understanding of the strategies that are being adopted by the key players in this market to stay competitive
  • Extensive analysis of the key players dominating the competitive landscape of this market
  • In-depth analysis of the key factors are propelling the growth of the global market
  • Detailed analysis of the geographic region that will witness the strongest growth
  • Granular analysis of the current market scenario and the expected market gro
RESEARCH METHDOLOGY

AnalystView’s research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study involves extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg, and Businessweek) to identify and collect information useful to understand technical, market-oriented, and commercial aspects of market. Market data and information are also collected and not limited to secondary sources like:

  • Official Company’s Website, Financial and Annual Reporting
  • Government Statistical Data
  • Online Publishing Articles
  • Industry Player’s Investor Presentations
  • Economic News Articles
  • National and International Trade Associations
  • The Financial, Business and Mainstream Press
  • Industry Study Groups and Other Semi-Official Sources
  • Many Other Informative Channels Related to the Market Topics

Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with a variety of personnel in key players at all points through phone calls, emails and web based survey responses with key opinion leaders (KoL’s) operating in the respective markets. The engagement involves the CEO, vice presidents, top-level and middle-level managers of the company, directors of marketing, product managers, brand managers, customers of major industrial products, and many others. We also interview manufacturers, distributors, materials suppliers, retailers, service operators, study groups, industry associations, and third party observers from the trade and financial press. These obtained information helped us to understand several facets of the market with respect to manufacturers’ and buyers’ perspective. These data were carefully filtered, analyzed, compared and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level and global level.

MARKET FORECAST

Market forecast for the respective market is primarily based on the year on year (YOY) growth rate. Data projection and future performance of each segment analyzed based on the key aspects extracted from primary and secondary research results. Thus data projection states the assumption on how the market behaves under macroeconomic and microeconomic parameters. Our market forecasting represents strategic conclusion we have reached about the coming state of the market scenario.

MARKET ANALYSIS

Another integral part of our research study is that AnalystView’s market data is accompanied by clear written analysis. We include detail information on market segments in terms of market drivers, market restraints and market opportunities. These offer insights of different channel dynamics, brand preference, incidence/prevalence data, technology up gradation, consumption trend, and future market scenario. We also include supporting data with any relevant awareness campaign, new introduction, regulatory norms, government initiatives, and industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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