Title: Pharmacovigilance Market Application Development, Price Trends, Forecast by 2017 – 2024
1Pharmacovigilance Market Trends, Opportunities,
Market Players 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2Key Insights from Pharmacovigilance Market
- Global Market Insights, Inc. says Worldwide
Pharmacovigilance Market having had a revenue of
USD 3 billion in 2015, is predicted to surpass a
revenue collection of USD 8 billion by 2024. - The crucial need to monitor the efficiency and
aftereffects of drugs will drive
pharmacovigilance market. - The field of pharmacovigilance globally
represents the picture of drug effectiveness,
safety, and associated risk detection. - Most of the pharmaceutical and biotechnology
firms are adopting these services to maintain and
manage clinical trial data, which will favorably
influence pharmacovigilance market share from
in-house companies, which generated a revenue of
USD 1.5 billion in 2015 and is likely to increase
two-fold by 2024. - Companies established in the developed countries
often outsource these services, considering the
operational cost reduction effectiveness and
quality.
3Continued...
- The notable business participants in
pharmacovigilance market are Accenture,
Boehringer Ingelheim, Covance, PAREXEL,
Bristol-Myers Squibb, Quintiles, Cognizant
Technology Solutions Corporation, United
BioSource, and ICON. - Contract outsourcing covered more than 50 of the
revenue share of the service provider segment in
pharmacovigilance industry in 2015 and will
exceed a revenue collection of USD 4.8 billion by
2024. - Asia Pacific pharmacovigilance market having had
a revenue of USD 835 million in 2015, will
surpass a revenue collection of USD 2.4 billion
by 2024. - U.S. pharmacovigilance industry collected a
revenue of USD 1 billion in 2015 and will exceed
a revenue generation of USD 2.5 billion by 2024
with an annual growth rate of 10.7 over the
period of 2016 to 2024. - Industry giants are engaged in strategic
partnerships with research organizations to
enhance the effectiveness of the product. Mergers
acquisitions is a major growth strategy adopted
by the market players to comply with
competitiveness of the business.
4U.S. Pharmacovigilance Market size, by service
provider, 2012- 2024 (USD Million)
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6 Table of Content
Chapter 1. Methodology and Scope 1.1.
Research Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical modeling and
forecast 1.1.3. Industry insights and
validation 1.1.4. Research scope and
assumptions 1.2. Data
Sources 1.2.1. Primary Sources 1.2.2.
Secondary Sources Chapter 2. Executive
Summary 2.1. Pharmacovigilance industry 3600
synopsis, 2012 - 2024 2.1.1. Business
trends 2.1.2. End user trends 2.1.3.
Regional trends
7 Table of Content
Chapter 3. Pharmacovigilance Industry
Insights 3.1. Industry segmentation 3.2.
Industry size and forecast, 2012 - 2024 3.3.
Industry impact forces 3.3.1. Growth
drivers 3.3.1.1. Increase in adoption
rate of outsourcing services 3.3.1.2.
Increasing consumption of drugs 3.3.1.3.
Rise in adverse drug reactions (ADR) and drug
toxicity 3.3.2. Industry pitfalls
challenges 3.3.2.1. Dearth of
availability of skilled personnel 3.3.2.2.
High risk associated with data security 3.4.
Growth potential analysis 3.4.1. New business
models 3.5. Porters analysis
8 Table of Content
3.6. Regulatory Landscape 3.7.
Pharmacovigilance Reporting system 3.8.
Company market share analysis, 2015 3.8.1.
Strategy dashboard 3.9. PESTEL analysis
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