The Asia Pacific pharmacovigilance and drug safety software market is projected to experience significant growth, with a forecasted annual growth rate of 8.9% over the period from 2022 to 2031. The market’s total addressable value is estimated to reach $817.5 million by 2031. Several key factors are driving this growth, including the rising prevalence of chronic diseases due to the aging population, the expansion of drug discovery pipelines, and an increase in adverse drug reactions (ADR).
The stringent regulatory guidelines for drug safety have also contributed to the market’s expansion. Moreover, the adoption of advanced technologies like artificial intelligence (AI) and cloud solutions in pharmacovigilance software has further accelerated market growth. The 117-page report on Asia Pacific Pharmacovigilance and Drug Safety Software Market 2021-2031 presents a comprehensive analysis of the entire market and its sub-segments, which have been extensively classified. The report is enriched with 30 tables and 59 figures to provide in-depth insights into the market dynamics and trends. Through profound analysis and assessment from premium primary and secondary information sources, the report captures valuable inputs from industry professionals across the value chain.
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The report is based on studies conducted from 2018 to 2021, and it offers a forecast from 2022 to 2031, with 2021 as the base year. The analysis includes various aspects such as functionality, clinical phase, method, delivery mode, indication, end-users (including pharmaceutical and biotech companies, contract research organizations, and business process outsourcing firms), and country-specific data.
The report categorizes the market based on functionality, clinical phase, method, delivery mode, indication, and end-user. It thoroughly examines each sub-segment, providing valuable insights for stakeholders and industry professionals seeking to understand and capitalize on the opportunities within the pharmacovigilance and drug safety software market.
In-depth qualitative analyses include identification and investigation of the following aspects:
Market Structure
Growth Drivers
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porter’s Fiver Forces
The report profiles key vendors, including market leaders and important emerging players:
- Ab Cube
- Accenture PLC
- ArisGlobal LLC
- Cognizant Technology Solutions Corporation
- Ennov Solutions Inc.
- Extedo GmbH
- Honeywell International Inc. (Sparta Systems Inc.)
- IQVIA Inc.
- Max Application
- Oracle Corporation
- Sarjen Systems Pvt. Ltd.
- United BioSource LLC
- Veeva Systems Inc.
- Wipro Limited
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The pharmacovigilance and drug safety software market is segmented based on various factors, with annual revenue ($ mn) for 2021-2031 included in each section:
Functionality:
- Adverse Event Reporting Software
- Drug Safety Audits Software
- Issue Tracking Software
- Fully Integrated Software
Clinical Phase:
- Pre-clinical
- Phase I
- Phase II
- Phase III
- Phase IV
Method:
- Spontaneous Reporting
- Intensified ADR Reporting
- Targeted Spontaneous Reporting
- Cohort Event Monitoring
- EHR Mining
Delivery Mode:
- On-premise Delivery
- On-demand Delivery
Indication:
- Oncology
- Respiratory Disorders
- Cardiology
- Neurology
- Immunology
- Pain Management
- Other Indications
End Users:
- Pharmaceutical and Biotechnology Companies
- Contract Research Organizations (CROs)
- Business Process Outsourcing Firms (BPOs)
- Other End Users
Geographically, the market is investigated in the following regions and their respective national/local markets:
- Japan
- China
- Korea
- Australia
- India
- APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
The report provides detailed analysis and data for annual revenue ($ mn) from 2021 to 2031 for each region and country. It also includes a breakdown of all regional markets by country and a split of each national market by functionality, delivery mode, and end-user over the forecast years.
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