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Pharmacovigilance Market to Proliferate at a Robust CAGR of 14.20% During the Period of 2014鈥?020

by Metcarl · August 10, 2018


The global landscape pharmacovigilance market is characterized by intense competition as well as a high degree of fragmentation on account of the presence of a large number of established players and startups, finds Transparency Market Research (TMR). The lucrative prospects that the market is anticipated to witness in the not-so-distant future is attracting numerous players from business process outsourcing (BPO) and contract research organizations (CROs). These players are expected to enter the market by making strategic partnerships and collaborations with pharmaceutical companies. The constant flux of players is markedly raising the ante in the global market, observes TMR.


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Leading companies are increasingly focusing on expanding pharmacovigilance services. Companies such as Covance Inc., Bristol-Myers Squibb nike air max čierne predaj , Cognizant Technology Solutions, and Accenture Plc, are incorporating technological advancements in software, in order to get a firm hold over the other top players are Pfizer, Inc. nike air max čierne dámske , Novartis International AG, Accenture Plc, Wipro Limited, GlaxoSmithKline plc, inVentiv Health nike air max čierne , Inc., and F. Hoffmann-La Roche Ltd.


The global pharmacovigilance market is projected to proliferate at a robust CAGR of 14.20% during the period of 2014鈥?020 to reach a worth of US$6.1 billion by 2020 end. The market stood at US$2.4 billion in 2013.


The various types of methods employed in pharmacovigilance are targeted spontaneous reporting, spontaneous reporting, intensified ADR reporting, cohort event monitoring puma fenty bow predaj , and EHR mining. Of these, spontaneous reporting leads the pack presently and will be the most popular method in the years to come as well.