Pharmacovigilance market to grow by $ 4.02 billion from 2021 to 2026 | Evolving Opportunities with Accenture Plc, ArisGlobal LLC and Capgemini SE | 17,000+ Technavio reports

NEW YORK, 20 December 2021 / PRNewswire / – Technavio’s latest research report on the Pharmacovigilance Market offers a comprehensive analysis of new product launches, latest trends, drivers and challenges. The growth in pharmacovigilance market share by the internal segment will be important for income generation. The internal pharmacovigilance units of large pharmaceutical companies are much better equipped than contract research organizations (CROs) and have greater expertise and knowledge on the safety of their products. Pharmaceutical companies have full control over internal solutions due to monitored and restricted access. Additionally, organizations prefer to keep data confidential internally rather than pass it on to CROs. Internal resources reduce dependencies on third-party organizations and help them explicitly protect and monitor data.

The pharmacovigilance market is expected to grow by $ 4.02 billion, progressing to a 7.75% CAGR from 2021 to 2026 according to Technavio’s latest market report.

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Market dynamics

Factors such as increased incidence rates of drug-related adverse events and supportive government regulations and policies will be crucial to stimulate market growth. However, the data safety and security concerns will limit market growth. Holistic analysis of drivers and challenges will help infer end goals and refine marketing strategies to gain competitive advantage. The Pharmacovigilance market analysis report also provides in-depth information about other upcoming trends which will have a considerable effect on the market growth.

Company Profiles

The pharmacovigilance market is fragmented and vendors deploy various organic and inorganic growth strategies to compete in the market. Pharmacovigilance market report provides comprehensive information of major vendors including Accenture Plc, ArisGlobal LLC, Capgemini SE, Cognizant Technology Solutions Corp., Icon Plc, International Business Machines Corp., IQVIA Holdings Inc., ITClinical, Laboratory Corp. of America Holdings and Linical Co. Ltd.

The story continues

Few companies with key offers

• Accenture Plc – The company offers pharmacovigilance products such as INTIENT pharmacovigilance.

• ArisGlobal LLC- The company offers pharmacovigilance products such as LifeSphere MultiVigilance 10.

• Capgemini SE – The company offers pharmacovigilance products with these advantages such as efficient and automated solutions.

• Cognizant Technology Solutions Corp. – The company offers pharmacovigilance solutions to pharmaceutical laboratories to collect and integrate safety data from numerous sources.

• Plc Icon – The company offers pharmacovigilance solutions focused on transparency, ease of review of results, continuous quality improvement and operational efficiency.

To make the most of opportunities, market sellers should focus more on growth prospects in fast growing segments, while maintaining their positions in slow growing segments. The Pharmacovigilance Market Forecast report offers in-depth information on key vendor profiles. The profiles include information on production, sustainability and prospects for major companies.

Competitive analysis

The competitive scenario provided in the Pharmacovigilance Market report analyzes, assesses, and positions the companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies in recent years, growth strategies, product innovations, new product launches, investments, market share growth, etc.

Market segmentation

• Through Service provider, the contract is classified as internal subcontracting and subcontracting.

• Through Geography, the market is classified as North America, Europe, Asia, and RANG. North America will have the largest market share.

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