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Pharmacovigilance and Drug Safety Software Market to Exhibit Healthy 6.7% CAGR by 2026; USD 243.1 Million to Bolster Growth, Says StraitsResearch

Pharmacovigilance and Drug Safety Software Market: Introduction

Pharmacovigilance and drug safety software is generally used to identify the cause of withdrawal regarding drugs and helps in inhibiting unnecessary future adverse events. It is beneficial to everyone concerned with the medical process, including consumers, prescribers, and makers for increasing the efficacy of the pharmacovigilance process coupled with increasing drug safety. Globally, around 142,000 people died in 2013 from adverse effects of medical errors, which were 94000 cases in 1990. The increasing prevalence of medical errors around the globe is supporting the growth of the pharmacovigilance and drug safety software market.

The Global Pharmacovigilance and Drug Safety Software Market has seen continuous development in the past couple of years and is anticipated to grow much further during 2020-2026. The exploration introduces a total evaluation of the Pharmacovigilance and Drug Safety Software market and contains Future patterns, Current Growth Factors, mindful sentiments, certainties, chronicled information, and factually bolstered and industry-approved market information.

Global pharmacovigilance and drug safety software market is expected to reach USD 243.1 million in 2026 from USD 145.9 million in 2018 at a CAGR of 6.7% during the forecast period 2019–2026


Competitive Analysis

The report contains an in-depth analysis of the vendor’s profile, including financial health, business units, key business priorities, SWOT, strategies, and views.

Sarjan Systems Pvt Ltd, Sparta Systems INC, United BioSource Corporation, Oracle Corporation, Online Business Application INC, and EXTEBO Gmbh.

The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant R&D investments.

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Vendors across different verticals are planning for high investments in this market, and as a result, the market is expected to grow at an impressive rate in the upcoming years. The key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, collaboration & partnerships, joint ventures, and a few other strategies to be in a strong position in the global market.

Market Segmentation Analysis

The report provides a wide-ranging evaluation of the market, providing in-depth qualitative insights, historical data, and supportable projections along with the assumptions about the Pharmacovigilance and Drug Safety Software market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor’s portfolio, blogs, white papers, and vendor presentations. Thus, the research report represents every side of the Pharmacovigilance and Drug Safety Software market and is segmented on the basis of regional markets, offerings, applications, and end-users.

By Type, Drug safety audits software, Fully integrated software, Issue tracking software
By End – Users, Pharma and biotech companies, Contract research organizations, Business process outsourcing

Regional Analysis

North America held the largest Pharmacovigilance and Drug Safety Software market share in 2018 and is expected to dominate the market during the forecast period. The market will experience a steep rise in the following regions covered- North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Pharmacovigilance and Drug Safety Software Industry companies to ensure business continuity with powerful protection by constantly checking the report and representing attractive growth opportunities for the companies. Pharmacovigilance and Drug Safety Software handles all the needs of the operators by allowing them to improve their services and concentrate on their core business. Pharmacovigilance and Drug Safety Software Market Research aims to increase business agility and reduce operational and capital expenditure with improved technology rollouts and capacity planning. The report discusses service types and regions related to this Pharmacovigilance and Drug Safety Software market. Further, the report provides details about the major challenges affecting the market growth.

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Other features of the report:

  1. Provides a thorough analysis of the key strategies with a focus on the corporate structure, R&D methods, localization strategies, production capabilities, sales, and performance in various companies.
  2. Provides valuable insights into the product portfolio, including product planning, development, and positioning.
  3. Analyses the role of key Pharmacovigilance and Drug Safety Software market players and their partnerships along with mergers and acquisitions.

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

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