The pharmacovigilance and drug safety software market size is expected to grow up to USD 72.74 million, accelerating at a CAGR of 7.11% during the forecast period. Technavio’s research report traces the pharmacovigilance and drug safety software market share. It also provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
Pharmacovigilance and Drug Safety Software Market Analysis: View Sample Report
The pharmacovigilance and drug safety software market is segmented by End-user (Pharmaceutical and biotechnology companies, Contract research organizations, and Business process outsourcing) and Geography (North America, Europe, Asia, and ROW).
This research report will provide insights into each segment's current market share and growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges likely to influence the pharmacovigilance and drug safety software market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
The market is fragmented due to the presence of several players. AB Cube, ArisGlobal LLC, Ennov, EXTEDO GmbH, Indegene Pvt. Ltd., Online Business Application Inc., Oracle Corp., Sarjen Systems Pvt. Ltd., Sparta Systems Inc., and United BioSource LLC are some of the major pharmacovigilance and drug safety software market vendors. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Download the PDF Sample Report. The custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D and impact analysis of government regulations.