Market World Pharmacovigilance Market Applications

Pharmacovigilance Market Potential Applications, Driving
Factors and Emerging Countries Forecasts Till 2025
“The Global Pharmacovigilance (PV) Market size is estimated to reach USD
10.27 billion by 2025, registering at a 13.1% CAGR over the forecast period as
the scope and its applications are rising enormously across the globe.”
The Global Pharmacovigilance (PV) Market size is estimated to reach USD 10.27 billion by 2025, registering at
a 13.1% CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
Pharmacovigilance (PV) is also termed as drug safety, is a science and activities relating to the prevention,
detection, understanding, and assessment of adverse effects or other drug-related issues.
The factors that are playing a major role in the growth of pharmacovigilance market are the rising occurrence
of adverse drug reactions (ADR), enhancement in development of ADR database and information system, and
the rising demand from the end-users. Pharmacovigilance (PV) industry is segmented based on the clinical trial
phase, service provider, and type of methods, end-user, and region.
Phase IV, phase III, phase II, phase I, and pre-clinical are the clinical trial phase that could be explored in
pharmacovigilance (PV) market in the forecast period. The phase IV sector accounted for the substantial market
share of pharmacovigilance and is estimated to lead the overall market in the years to come. Also, phase III
sector is estimated to show lucrative growth in the years to come. Contract outsourcing, in-house, and other
service providers could be explored in pharmacovigilance industry in the forecast period. Contract outsourcing
sector accounted for the substantial market share of pharmacovigilance and is estimated to lead the overall
market in the years to come.
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