Market experience

The Global Pharmacovigilance and Drug Safety Software Market is Witnessing Strong Growth in the Near Future

New York (USA) – Key companies covered in the global Pharmacovigilance and Drug Safety Software market study are Ab Cube, Accenture PLC, ArisAsia Pacific LLC, Cognizant Technology Solutions Corporation, Ennov Solutions Inc., Extedo GmbH, Honeywell International Inc. (Sparta Systems Inc.), IQVIA Inc., Max Application, Oracle Corporation, Sarjen Systems Pvt. Ltd., United BioSource LLC, Veeva Systems Inc., Wipro Limited and other key market players.

The global pharmacovigilance and drug safety software market will reach $432.3 million by 2031, growing at 7.3% pa ​​over the period 2021-2031, driven by increasing prevalence of chronic diseases due to aging population, growth of drug discovery pipelines, increased incidence of adverse drug reactions (ADRs), stricter regulatory guidelines for safety medicines and the growing adoption of AI and cloud technologies in PV software and solutions.

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Highlighted with 82 tables and 92 figures, this 173-page report Global Pharmacovigilance and Drug Safety Software Market 2021-2031 by Functionality (Adverse Event Reporting, Drug Safety Audits, Issue Tracking, Fully Integrated ), clinical phase (preclinical, phase I-IV), method, delivery mode (on-site, on-demand), indication, end user (pharmaceutical and biotechnology companies, CRO, BPO, others) and region: forecasting trends and growth opportunities are based on extensive research of entire Global Pharmacovigilance and Drug Safety Software Market and all its sub-segments through highly detailed classifications.

In-depth analyzes and assessments are generated from premium primary and secondary information sources with input from industry professionals across the value chain. The report is based on studies from 2018-2021 and provides forecasts from 2022 to 2031 with 2021 as the base year. (Please note: the report will be updated prior to delivery so that the latest historical year is the base year and the forecast spans at least 5 years within the base year.)

In-depth qualitative analyzes include the identification and investigation of the following aspects:
Market structure
Growth engines
Constraints and challenges
Emerging Product Trends and Market Opportunities
Porters Fiver Forces

The Asia-Pacific market trend and outlook is predicted in an optimistic, balanced and conservative view considering COVID-19 and Russian-Ukrainian conflict. The balanced (most likely) projection is used to quantify the Asia Pacific Pharmacovigilance and Drug Safety Software Market across all classification aspects from the perspective of functionality, clinical phase, method , delivery method, indication, end user and country.

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Feature-based
Adverse event reporting software
Drug Safety Audit Software
Issue tracking software
Fully integrated software

Based on clinical phase
Pre-clinical
Phase I
Phase II
Phase III
Stage IV

By method
Spontaneous reporting
Intensified Adverse Reaction Reporting
Targeted Spontaneous Reporting
Cohort Event Monitoring
EHR Mining

By delivery method
Delivery on site
Delivery on demand

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By indication
Oncology
Respiratory disorders
Cardiology
Neurology
Immunology
pain management
Other indications

By end users,
Pharmaceutical and biotechnology companies
Contract Research Organizations (CROs)
Business Process Outsourcing (BPO) Companies
Other end users

Geographically, the following national/local markets are fully investigated:
Japan
China
South Korea
Australia
India
Rest of APAC (segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan and Philippines)

The list of factors covered in the report are:
Main strategic developments: The report respects quality and quantity. It covers key strategic developments in the market, including R&D, mergers and acquisitions, agreements, new product launches, collaborations, partnerships, joint ventures, and geographic expansion, along with a list of key players of the industry that are thriving in the market domestically and internationally.

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Main characteristics of the market:
Major topics such as revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all assessed in the research and mentioned in the study. It also documents an in-depth analysis of the most important market factors and their most recent developments, combined with the relevant market segments and sub-segments.

List of highlights and approach
The report is produced using a variety of effective analytical methodologies that provide readers with in-depth research and assessment on the major market players and a comprehensive overview of their place within the industry. Analytical techniques, such as Porter’s five forces analysis, feasibility studies, SWOT analysis, and investment return analysis are used to examine the development of major market players.

Answers to key questions in the market report

What manufacturing technology is used for the market? What are the current developments in this technology?
What trends are driving these developments? Who are the main global players in this market?
What is their company profile, product information and contact details?
What was the overall market status? What was the capacity, production value, cost and market profit?
What is the current market status of the market industry? What is the market competition in this industry, both at company and country level?
What is the market analysis of the market considering applications and types?
What are the industry projections of the global market considering capacity, production, and production value? What will be the estimate of cost and profit?
What will be the report on market share, supply and consumption? What about import and export?
What is Market Chain Analysis by Upstream Commodities and Downstream Industry?
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