The North America pharmacovigilance and drug safety software market is expected to grow at a steady rate of 6.7% annually during the forecast period, reaching a value of $158.6 million by 2031. The market growth is primarily driven by several factors, including the increasing prevalence of chronic diseases due to the aging population, the expansion of drug discovery pipelines, a rise in the incidence of adverse drug reactions (ADR), more stringent regulatory guidelines for drug safety, and the growing adoption of artificial intelligence (AI) and cloud technologies in pharmacovigilance software and solutions.
The comprehensive 111-page report, “North America Pharmacovigilance and Drug Safety Software Market 2021-2031,” provides detailed insights and growth opportunities for stakeholders and industry professionals operating in the region. The report covers various sub-segments of the North America pharmacovigilance and drug safety software market through extensive and detailed classifications, and it is enriched with 23 tables and 56 figures to facilitate better understanding and analysis.
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The report is based on studies conducted from 2018 to 2021 and provides a forecast from 2022 to 2031, using 2021 as the base year. To ensure the most up-to-date data, the report will be updated before delivery, with the latest historical year becoming the base year, and the forecast covering at least five years beyond the base year.
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:
- U.S.
- Canada
- Mexico
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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