Trusted Press Release Distribution   Join | Login    

Briefing Search
Keyword:
Category:

       

    
Author Details
Credence Research
www.credenceresearch.com/
Chris Smith
sales@credenceresearch.com
18003618290
105 N 1st ST #429, SAN JOSE,, CA 95103, United States
SANJOSE

Bookmark and Share
Pharmacovigilance Market - 2018
Pharmacovigilance Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022

BriefingWire.com, 7/13/2018 - Global Pharmacovigilance Market to Reach Worth USD 5.9 Bn by 2022: Rising Drug Safety Concerns and Need for Regulatory Compliance to Lead the Market Growth

According to the latest report published by Credence Research, Inc. “Global Pharmacovigilance Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 - 2022,” the pharmacovigilance market was valued at USD 2,159.3 Mn in 2015, and is expected to reach USD 5,896.4 Mn by 2022, expanding at a CAGR of 15.8% from 2016 to 2022.

Browse the full report Global Pharmacovigilance Market 2016 – 2022 at www.credenceresearch.com/report/pharmacovigilance-market

Market Insights                                         

Increasing demands on pharmaceutical manufacturers and other intermediaries regarding early identification of drug adversities, growing concerns over drug safety and growing need for prompt compliance to regulatory guidelines have led to emergence of pharmacovigilance services. Moreover, withdrawals of several high profile drugs in the past have urged pharmaceutical manufacturers to closely observe GPvP practices to preserve their stronghold in the market. 

Do inquiry about sample research report @ www.credenceresearch.com/sample-request/57794

Among the phases of drug development namely, preclinical studies, phase I, phase II, phase III, phase IV or post marketing surveillance, phase IV segment is the largest revenue generating segment in the pharmacovigilance market. Standing at above 55% market share in 2015, as this stage is highly instrumental in assessing drug safety in the widest range of patients and registers the highest number of events.

Phase IV assessment is also highly instrumental in product life cycle management of high profile drugs. In addition, phase III stage pharmacovigilance enables convenient and robust commercialization of novel drugs thus ensuring strong future foothold in the market.

Spontaneous reporting, intensified ADR reporting, targeted spontaneous reporting, cohort event monitoring, and EHR mining are the major methods of pharmacovigilance reporting. Our analysis estimates spontaneous reporting to be the largest segment in 2015 and is expected to maintain its dominance during the through the forecast period. Efficient identification of adverse effects that were previously unknown and less expensive processing are the major contributors to the market growth of this segment.

Do inquiry before purchase the research report @ www.credenceresearch.com/inquiry-before-buying/57794

Geographically, North America and Europe take over half the pharmacovigilance market. Asia-Pacific, on the other hand, is anticipated to be the fastest growing regional market for pharmacovigilance due to growing awareness in the emerging economies, and government initiatives regarding drug safety. This market is observed to be highly fragmented with several BPOs and CROs currently operational in the international markets. PAREXEL International, Covance, Quintiles, Accenture, Cognizant Technology Solutions are some of the notable names in this market.

 
 
FAQs | Contact Us | Terms & Conditions | Privacy Policy
© 2013 Proserve Technology, Inc.