News Pharma & Biotechnology

Pharmacovigilance and Drug Safety Software Market Set to Witness Growth Worldwide during 2021-2027 By Ennov, Veeva Systems, EXTEDO

The pharmacovigilance and drug safety software market is expected to reach US$ 292.97 Mn in 2027 from US$ 160.67 Mn in 2019. The market is estimated to grow with a CAGR of 7.6% from 2020-2027.

The scope of the pharmacovigilance and drug safety software market includes software type, product type, end user, and region. The market for pharmacovigilance and drug safety software, based on region, is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the Pharmacovigilance and Drug Safety Software market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes COVID–19 impact analysis across all the regions.

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The Prominent/Emerging Players in the Pharmacovigilance and Drug Safety Software Market Research include:

Veeva Systems
IQVIA Inc.
Ennov
AB Cube
United Biosource LLC
ArisGlobal LLC
Sparta Systems
Oracle Corporation
Sarjen Systems Pvt. Ltd
EXTEDO
Maxapplication
Online Business Applications, Inc.

By Software Type

Fully Integrated Software
Adverse Event Reporting Software
Drug Safety Audits Software
Issue Tracking Software

By Delivery Mode

Cloud-based
On-premise

By End User

Contract Research Organizations
Pharmaceutical and Biotech Companies
Business Process Outsourcing

Pharmacovigilance is the processes for monitoring and evaluating adverse drug reactions and it is a key component of effective drug regulation systems, clinical practice and public health programs. The number of Adverse Drug Reactions (ADRs) reported resulted in an increase in the volume of data handled. In the current global network of pharmacovigilance centers coordinated by the Uppsala Monitoring Centre. Pharmacovigilance is an critical and integral part of clinical research and these days it is growing in many countries.

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Prashant Tambe
Prashant Tambe
An expert in SEO, Prashant carries an experience of over five years in the industry. He has the ability to analyze global industry trends that helps the leaders to make smarter decisions. An electrical, electronics and communication engineer, Prashant is able to predict future trends as they are changing fast with technological development.