Pharmacovigilance Outsourcing Market May See A Big Move | IQVIA, Accenture, IBM, Genpact, Covance
Pharmacovigilance Outsourcing Market– Global Outlook and Forecast 2023-2030 is latest research study released by Allied Market Research evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support (2023-2030). The market Study is segmented by key a region that is accelerating the marketization. The report provides information on market research and development, growth drivers, and the changing investment structure of the Global Pharmacovigilance Outsourcing Market. Some of the key players profiled in the study are Accenture, Bioclinica, Capgemini (IGate Corporation), Cognizant Technology Solutions, Ergomed, Genpact, International Business Machines (IBM), Icon, IQVIA Holdings (Clintec), Labcorp Drug Development (Covance). The global Pharmacovigilance Outsourcing market is projected to reach $9.65 billion by 2030 registering a CAGR of 14.60% from 2021 to 2030.
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Pharmacovigilance Outsourcing Market Outlook 2020-2030
The market is categorized into different segments, including adverse drug reaction capture (ADR), case processing, reporting and submission, report publishing, quality check, risk management, knowledge management, and enabling architecture. In 2020, the case processing segment dominated the global market and is projected to maintain its dominance in the forecast period. The market’s growth is primarily driven by the continuous increase in cases from various sources due to research and development, as well as the growing need to ensure data quality.
In terms of service providers, the market is divided into contract research organizations and business processing outsourcing. The contract research organizations segment held the largest market share in 2020 and is expected to maintain its dominance throughout the forecast period. This is attributed to the advantages offered by contract research organizations, including cost-effective services, time-saving processes, meeting advanced technological needs, and addressing evolving and complex regulatory requirements.
The market is further divided based on end users, which include the pharmaceutical industry, research organizations, and others. The “others” segment is further categorized into regulatory organizations and hospitals. The pharmaceutical industry segment accounted for the largest market share in 2020 and is anticipated to remain dominant throughout the forecast period. This is due to the increasing adoption of outsourcing services by the pharmaceutical industry to avoid high upfront investments and fixed overhead costs, enhance resource flexibility, and secure additional capacity.
Marketing Communication and Sales Channel
Understanding “marketing effectiveness” on a continual basis, help determine the potential of advertising and marketing communications and allow to use of best practices to utilize untapped audience. In order to make marketers make effective strategies and identify why the target market is not giving attention, we ensure the Study is Segmented with appropriate marketing & sales channels to identify potential market size by value & Volume* (if Applicable).
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The segments and sub-section of Pharmacovigilance Outsourcing market is shown below:
By Type: Adverse Drug Reaction Capture (ADR), Case Processing, Reporting and Submission, Report Publishing, Quality Check, Risk Management, Knowledge Management, and Enabling Architecture
By Service Provider: Contract Research Organizations and Business Processing Outsourcing
By End User: Pharmaceutical Industry, Research Organizations, and Others
Some of the key players involved in the Market are: Accenture, Bioclinica, Capgemini (IGate Corporation), Cognizant Technology Solutions, Ergomed, Genpact, International Business Machines (IBM), Icon, IQVIA Holdings (Clintec), Labcorp Drug Development (Covance).
Important years considered in the Pharmacovigilance Outsourcing study:
Historical year – 2017-2021; Base year – 2021; Forecast period** – 2022 to 2030 [** unless otherwise stated]
If opting for the Global version of Pharmacovigilance Outsourcing Market; then below country analysis would be included:
– North America (USA, Canada and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe)
– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC)
– South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Introduction about Pharmacovigilance Outsourcing Market
Pharmacovigilance Outsourcing Market Size (Sales) Market Share by Type (Product Category)
Pharmacovigilance Outsourcing Market by Application/End Users
Pharmacovigilance Outsourcing Sales (Volume) and Market Share Comparison by Applications
Global Pharmacovigilance Outsourcing Sales and Growth Rate (2020-2030)
Pharmacovigilance Outsourcing Competition by Players/Suppliers, Region, Type, and Application
Pharmacovigilance Outsourcing (Volume, Value, and Sales Price) table defined for each geographic region defined.
Pharmacovigilance Outsourcing Players/Suppliers Profiles and Sales Data
Key Raw Materials Analysis & Price Trends
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
……..and view more in complete table of Contents
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