Global Drug Safety and Pharmacovigilance Software Market include- ArisGlobal (U.S.), Ennov Solutions Inc. (U.S.)
The global drug safety and pharmacovigilance software market size is USD 155.40 million in 2023 and is expected to grow till USD 300.10 million by 2030, at a Compounded annual growth rate (CAGR) of 7.93%.
Pharmacovigilance & Drug Safety Software Industry Trends
One of the key drivers of the pharmacovigilance and drug safety software market is the rising number of adverse drug reactions (ADRโs) globally. For instance, according to the Agency for Healthcare Research and Quality, in 2018, 3-7% of all hospitalizations in the U.S. were caused due to adverse drug reactions (ADRs). ADRs can have serious implications for patient health and safety, leading to potential legal and financial consequences for pharmaceutical companies. Hence, regulatory authorities are responding to this concern by implementing stricter regulations for drug safety.
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Top Key Players in Drug Safety and Pharmacovigilance Software Market:
ArisGlobal (U.S.), Ennov Solutions Inc. (U.S.), EXTEDO GmbH (U.S.), Online Business Applications, Inc. (U.S.), Oracle Corporation (U.S.), Sarjen Systems Pvt. Ltd (India), Sparta Systems, Inc. (U.S.), and United BioSource Corporation (U.S.).
๐๐๐๐๐ง๐ญย ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
In 2021, For its worldwide pharmacovigilance team, Dr. Reddyโs Laboratories chose Aris Globalโs LifeSphere Signal and Risk Management.
In 2020, EVERSANA and ArisGlobal have launched a strategic agreement to change end-to-end pharmacovigilance services through digital transformation.
Segmentationย of Drug Safety and Pharmacovigilance Software Market:
Drug Safety And Pharmacovigilance Software Market By Functionality, 2020-2029, (USD Millions)
Adverse Event Reporting
Fully Integrated Software
Drug Safety And Pharmacovigilance Software Market By Delivery Mode, 2020-2029, (USD Millions)
On-Premise
On-Demand/Cloud Based (SAAS)
Drug Safety And Pharmacovigilance Software Market By End-User Industry, 2020-2029, (USD Millions)
Pharma & Biotech Companies
CROS
BPOS
Drug Safety and Pharmacovigilance SoftwareMarket, By Geography
North America (United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Dominating Region:
Due to increased research spending and government initiatives, North America dominates the pharmacovigilance and drug safety software industry. In the United States, adverse medication responses are one of the leading causes of hospitalizations and fatalities, propelling the pharmacovigilance and drug safety software business. For example, the Vaccine Adverse Event Reporting System recognized 10 incidences of anaphylaxis following the delivery of 4,041,396 initial doses of Moderna COVID-19 vaccine between 2020 and 2021. (2.5 cases per million doses). As a result, the regulatory authoritiesโ increasing demand for medical data is expected to fuel this segmentโs rise.
๐๐ญ๐ฎ๐๐ฒย ๐๐๐ฃ๐๐๐ญ๐ข๐ฏ๐๐ฌย ๐จ๐ย ๐ญ๐ก๐ข๐ฌย ๐ซ๐๐ฉ๐จ๐ซ๐ญย ๐๐ซ๐:
To study and analyse the global s market size (value and volume) by company, key regions/countries, products and application forecast to 2030.
To understand the structure of Drug Safety and Pharmacovigilance Software market by identifying its various sub segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Drug Safety and Pharmacovigilance Software manufacturers, to define, describe and analyse the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyse the Drug Safety and Pharmacovigilance Software with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Drug Safety and Pharmacovigilance Software submarkets, with respect to key regions (along with their respective key countries).
To analyse competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyse their growth strategies.
๐๐๐๐ฎ๐ซ๐ ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ @:
https://exactitudeconsultancy.com/reports/8058/drug-safety-and-pharmacovigilance-software-market/
There are several compelling reasons to consider purchasing this report on the global Drug Safety and Pharmacovigilance Software Market:
๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏe M๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: The report provides a detailed and comprehensive analysis of the global Drug Safety and Pharmacovigilance Software Market, covering key trends, growth drivers, challenges, and opportunities. It offers valuable insights into market dynamics, enabling informed decision-making and strategic planning.
๐๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: The report delves into the competitive landscape, market segmentation, and key players' profiles. It presents a thorough assessment of the market's current and future potential, helping businesses identify potential partnerships, acquisitions, or investment opportunities.
๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ: The report includes accurate market sizing and forecasting data, enabling businesses to gauge the market's growth potential and plan their investments accordingly. This data-driven approach assists in optimizing resource allocation and mitigating risks.
๐๐ฆ๐๐ซ๐ ๐ข๐ง๐ ๐๐ซ๐๐ง๐๐ฌ๐๐งย I๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง๐ฌ: By highlighting emerging trends and innovations in the Drug Safety and Pharmacovigilance Software Market, the report equips businesses with valuable foresight. Staying ahead of the curve on technological advancements and consumer preferences can offer a competitive edge.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: The report examines the Drug Safety and Pharmacovigilance Software Market across different regions, providing a comprehensive understanding of regional dynamics and market variations. This information aids businesses in devising region-specific strategies and tapping into high-growth markets.
๐๐๐ ๐ฎ๐ฅ๐๐ญ๐จ๐ซ๐ฒ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: With an analysis of relevant regulations and policies impacting the Drug Safety and Pharmacovigilance Software Market, the report helps businesses navigate compliance requirements and mitigate regulatory risks
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๐๐ก๐๐ง๐ค๐ฌย ๐๐จ๐ซ ๐ซ๐๐๐๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ญ๐ข๐๐ฅ๐โฆ!!๐ฒ๐จ๐ฎ ๐๐๐ง ๐๐ฅ๐ฌ๐จ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ ๐๐ญ ๐ฌ๐๐ฅ๐๐๐ญ ๐๐ก๐๐ฉ๐ญ๐๐ซ๐ฌ ๐จ๐ซ๐ซ๐๐ ๐ข๐จ๐ง-๐ฐ๐ข๐ฌ๐ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ ๐ฐ๐ข๐ญ๐ก ๐ซ๐๐ ๐ข๐จ๐ง๐ฌ ๐ฌ๐ฎ๐๐ก ๐๐ฌ๐๐ฌ๐ข๐, ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐, ๐๐ง๐ ๐๐ฎ๐ซ๐จ๐ฉ๐.
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