Global Pharmacovigilance Market 2024-2028

Global Pharmacovigilance Market 2024-2028


Pharmacovigilance Market 2024-2028

The pharmacovigilance market is forecasted to grow by USD 2876.8 mn during 2023-2028, accelerating at a CAGR of 5.8% during the forecast period. The report on the pharmacovigilance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising incidence rates of adverse drug events, favorable government regulations and policies, and increasing number of clinical trials.

Technavio's pharmacovigilance market is segmented as below:

By Service
  • In-house
  • Contract outsourcing
By Geographical Landscape
  • North America
  • Europe
  • Asia
  • Rest of World (ROW)
This study identifies the rising outsourcing of pharmacovigilance to cros as one of the prime reasons driving the pharmacovigilance market growth during the next few years. Also, integration of ai in pharmacovigilance and increasing approvals for new molecules and biosimilars will lead to sizable demand in the market.

The report on the pharmacovigilance market covers the following areas:
  • Pharmacovigilance Market sizing
  • Pharmacovigilance Market forecast
  • Pharmacovigilance Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pharmacovigilance market vendors that include Accenture PLC, ArisGlobal LLC, Capgemini Services SAS, ClinChoice, Cognizant Technology Solutions Corp., eResearchTechnology GmbH, ICON plc, International Business Machines Corp., IQVIA Holdings Inc., ITClinical, Laboratory Corp. of America Holdings, Linical Co. Ltd., Medpace Holdings Inc., Parexel International Corp., SIRO Clinpharm Pvt. Ltd., Symogen Ltd., TAKE Solutions Ltd., Thermo Fisher Scientific Inc., United BioSource LLC, and Wipro Ltd.. Also, the pharmacovigilance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Service
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Pharmacovigilance Market 2018 - 2022
Historic Market Size - Data Table on Global Pharmacovigilance Market 2018 - 2022 ($ million)
4.2 Service segment analysis 2018 - 2022
Historic Market Size - Service Segment 2018 - 2022 ($ million)
4.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.4 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Service
6.1 Market segments
Chart on Service - Market share 2023-2028 (%)
Data Table on Service - Market share 2023-2028 (%)
6.2 Comparison by Service
Chart on Comparison by Service
Data Table on Comparison by Service
6.3 In-house - Market size and forecast 2023-2028
Chart on In-house - Market size and forecast 2023-2028 ($ million)
Data Table on In-house - Market size and forecast 2023-2028 ($ million)
Chart on In-house - Year-over-year growth 2023-2028 (%)
Data Table on In-house - Year-over-year growth 2023-2028 (%)
6.4 Contract outsourcing - Market size and forecast 2023-2028
Chart on Contract outsourcing - Market size and forecast 2023-2028 ($ million)
Data Table on Contract outsourcing - Market size and forecast 2023-2028 ($ million)
Chart on Contract outsourcing - Year-over-year growth 2023-2028 (%)
Data Table on Contract outsourcing - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Service
Market opportunity by Service ($ million)
Data Table on Market opportunity by Service ($ million)
7 Customer Landscape
7.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
8.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
8.3 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
8.4 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.5 Asia - Market size and forecast 2023-2028
Chart on Asia - Market size and forecast 2023-2028 ($ million)
Data Table on Asia - Market size and forecast 2023-2028 ($ million)
Chart on Asia - Year-over-year growth 2023-2028 (%)
Data Table on Asia - Year-over-year growth 2023-2028 (%)
8.6 Rest of World (ROW) - Market size and forecast 2023-2028
Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
8.7 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
8.8 Canada - Market size and forecast 2023-2028
Chart on Canada - Market size and forecast 2023-2028 ($ million)
Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Chart on Canada - Year-over-year growth 2023-2028 (%)
Data Table on Canada - Year-over-year growth 2023-2028 (%)
8.9 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ million)
Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
8.10 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
8.11 UK - Market size and forecast 2023-2028
Chart on UK - Market size and forecast 2023-2028 ($ million)
Data Table on UK - Market size and forecast 2023-2028 ($ million)
Chart on UK - Year-over-year growth 2023-2028 (%)
Data Table on UK - Year-over-year growth 2023-2028 (%)
8.12 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Accenture PLC
Accenture PLC - Overview
Accenture PLC - Business segments
Accenture PLC - Key news
Accenture PLC - Key offerings
Accenture PLC - Segment focus
11.4 ArisGlobal LLC
ArisGlobal LLC - Overview
ArisGlobal LLC - Product / Service
ArisGlobal LLC - Key offerings
11.5 Capgemini Services SAS
Capgemini Services SAS - Overview
Capgemini Services SAS - Business segments
Capgemini Services SAS - Key news
Capgemini Services SAS - Key offerings
Capgemini Services SAS - Segment focus
11.6 Cognizant Technology Solutions Corp.
Cognizant Technology Solutions Corp. - Overview
Cognizant Technology Solutions Corp. - Business segments
Cognizant Technology Solutions Corp. - Key news
Cognizant Technology Solutions Corp. - Key offerings
Cognizant Technology Solutions Corp. - Segment focus
11.7 ICON plc
ICON plc - Overview
ICON plc - Product / Service
ICON plc - Key offerings
11.8 International Business Machines Corp.
International Business Machines Corp. - Overview
International Business Machines Corp. - Business segments
International Business Machines Corp. - Key news
International Business Machines Corp. - Key offerings
International Business Machines Corp. - Segment focus
11.9 IQVIA Holdings Inc.
IQVIA Holdings Inc. - Overview
IQVIA Holdings Inc. - Business segments
IQVIA Holdings Inc. - Key news
IQVIA Holdings Inc. - Key offerings
IQVIA Holdings Inc. - Segment focus
11.10 Laboratory Corp. of America Holdings
Laboratory Corp. of America Holdings - Overview
Laboratory Corp. of America Holdings - Business segments
Laboratory Corp. of America Holdings - Key news
Laboratory Corp. of America Holdings - Key offerings
Laboratory Corp. of America Holdings - Segment focus
11.11 Linical Co. Ltd.
Linical Co. Ltd. - Overview
Linical Co. Ltd. - Product / Service
Linical Co. Ltd. - Key offerings
11.12 Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Inc. - Overview
Thermo Fisher Scientific Inc. - Business segments
Thermo Fisher Scientific Inc. - Key news
Thermo Fisher Scientific Inc. - Key offerings
Thermo Fisher Scientific Inc. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Global Market Characteristics
Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits5: Executive Summary - Chart on Market Segmentation by Service
Exhibits6: Executive Summary - Chart on Incremental Growth
Exhibits7: Executive Summary - Data Table on Incremental Growth
Exhibits8: Executive Summary - Chart on Company Market Positioning
Exhibits9: Parent Market
Exhibits10: Data Table on - Parent Market
Exhibits11: Market characteristics analysis
Exhibits12: Value Chain Analysis
Exhibits13: Offerings of companies included in the market definition
Exhibits14: Market segments
Exhibits15: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits16: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits19: Historic Market Size - Data Table on Global Pharmacovigilance Market 2018 - 2022 ($ million)
Exhibits20: Historic Market Size - Service Segment 2018 - 2022 ($ million)
Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits23: Five forces analysis - Comparison between 2023 and 2028
Exhibits24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits29: Chart on Market condition - Five forces 2023 and 2028
Exhibits30: Chart on Service - Market share 2023-2028 (%)
Exhibits31: Data Table on Service - Market share 2023-2028 (%)
Exhibits32: Chart on Comparison by Service
Exhibits33: Data Table on Comparison by Service
Exhibits34: Chart on In-house - Market size and forecast 2023-2028 ($ million)
Exhibits35: Data Table on In-house - Market size and forecast 2023-2028 ($ million)
Exhibits36: Chart on In-house - Year-over-year growth 2023-2028 (%)
Exhibits37: Data Table on In-house - Year-over-year growth 2023-2028 (%)
Exhibits38: Chart on Contract outsourcing - Market size and forecast 2023-2028 ($ million)
Exhibits39: Data Table on Contract outsourcing - Market size and forecast 2023-2028 ($ million)
Exhibits40: Chart on Contract outsourcing - Year-over-year growth 2023-2028 (%)
Exhibits41: Data Table on Contract outsourcing - Year-over-year growth 2023-2028 (%)
Exhibits42: Market opportunity by Service ($ million)
Exhibits43: Data Table on Market opportunity by Service ($ million)
Exhibits44: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits45: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits46: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits47: Chart on Geographic comparison
Exhibits48: Data Table on Geographic comparison
Exhibits49: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits50: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits51: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits52: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits53: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits54: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits55: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits56: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits57: Chart on Asia - Market size and forecast 2023-2028 ($ million)
Exhibits58: Data Table on Asia - Market size and forecast 2023-2028 ($ million)
Exhibits59: Chart on Asia - Year-over-year growth 2023-2028 (%)
Exhibits60: Data Table on Asia - Year-over-year growth 2023-2028 (%)
Exhibits61: Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibits62: Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibits63: Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Exhibits64: Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Exhibits65: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits66: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits67: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits68: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits69: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits70: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits71: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibits72: Data Table on Canada - Year-over-year growth 2023-2028 (%)
Exhibits73: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits74: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits75: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits76: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits77: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits78: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits79: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits80: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits81: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibits82: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibits83: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits84: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits85: Market opportunity By Geographical Landscape ($ million)
Exhibits86: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits87: Impact of drivers and challenges in 2023 and 2028
Exhibits88: Overview on criticality of inputs and factors of differentiation
Exhibits89: Overview on factors of disruption
Exhibits90: Impact of key risks on business
Exhibits91: Companies covered
Exhibits92: Matrix on companies position and classification
Exhibits93: Accenture PLC - Overview
Exhibits94: Accenture PLC - Business segments
Exhibits95: Accenture PLC - Key news
Exhibits96: Accenture PLC - Key offerings
Exhibits97: Accenture PLC - Segment focus
Exhibits98: ArisGlobal LLC - Overview
Exhibits99: ArisGlobal LLC - Product / Service
Exhibits100: ArisGlobal LLC - Key offerings
Exhibits101: Capgemini Services SAS - Overview
Exhibits102: Capgemini Services SAS - Business segments
Exhibits103: Capgemini Services SAS - Key news
Exhibits104: Capgemini Services SAS - Key offerings
Exhibits105: Capgemini Services SAS - Segment focus
Exhibits106: Cognizant Technology Solutions Corp. - Overview
Exhibits107: Cognizant Technology Solutions Corp. - Business segments
Exhibits108: Cognizant Technology Solutions Corp. - Key news
Exhibits109: Cognizant Technology Solutions Corp. - Key offerings
Exhibits110: Cognizant Technology Solutions Corp. - Segment focus
Exhibits111: ICON plc - Overview
Exhibits112: ICON plc - Product / Service
Exhibits113: ICON plc - Key offerings
Exhibits114: International Business Machines Corp. - Overview
Exhibits115: International Business Machines Corp. - Business segments
Exhibits116: International Business Machines Corp. - Key news
Exhibits117: International Business Machines Corp. - Key offerings
Exhibits118: International Business Machines Corp. - Segment focus
Exhibits119: IQVIA Holdings Inc. - Overview
Exhibits120: IQVIA Holdings Inc. - Business segments
Exhibits121: IQVIA Holdings Inc. - Key news
Exhibits122: IQVIA Holdings Inc. - Key offerings
Exhibits123: IQVIA Holdings Inc. - Segment focus
Exhibits124: Laboratory Corp. of America Holdings - Overview
Exhibits125: Laboratory Corp. of America Holdings - Business segments
Exhibits126: Laboratory Corp. of America Holdings - Key news
Exhibits127: Laboratory Corp. of America Holdings - Key offerings
Exhibits128: Laboratory Corp. of America Holdings - Segment focus
Exhibits129: Linical Co. Ltd. - Overview
Exhibits130: Linical Co. Ltd. - Product / Service
Exhibits131: Linical Co. Ltd. - Key offerings
Exhibits132: Thermo Fisher Scientific Inc. - Overview
Exhibits133: Thermo Fisher Scientific Inc. - Business segments
Exhibits134: Thermo Fisher Scientific Inc. - Key news
Exhibits135: Thermo Fisher Scientific Inc. - Key offerings
Exhibits136: Thermo Fisher Scientific Inc. - Segment focus
Exhibits137: Inclusions checklist
Exhibits138: Exclusions checklist
Exhibits139: Currency conversion rates for US$
Exhibits140: Research methodology
Exhibits141: Information sources
Exhibits142: Data validation
Exhibits143: Validation techniques employed for market sizing
Exhibits144: Data synthesis
Exhibits145: 360 degree market analysis
Exhibits146: List of abbreviations

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