Top Companies in Pharmacovigilance Market
This report lists the top Pharmacovigilance companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the Pharmacovigilance industry.
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Cognizant
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Capgemini
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Accenture
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Wipro
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IBM
*Disclaimer: Top companies sorted in no particular order
Pharmacovigilance Market Concentration
Pharmacovigilance Company List
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Drug Consumption and Drug Development Rates
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4.2.2 Growing Incidence Rates of Adverse Drug Reaction and Drug Toxicity
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4.2.3 Increasing Trend of Outsourcing Pharmacovigilance Services
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4.3 Market Restraints
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4.3.1 High Risk Associated with Data Security
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4.3.2 Lack of Global Regulatory Harmonization and Lack of Data Standardization for Adverse Event Collection
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION (Market Size by Value - USD Billion)
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5.1 By Clinical Trial Phase
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5.1.1 Preclinical
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5.1.2 Phase I
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5.1.3 Phase II
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5.1.4 Phase III
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5.1.5 Phase IV
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5.2 By Service Provider
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5.2.1 In-house
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5.2.2 Contract Outsourcing
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5.3 By Type of Reporting
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5.3.1 Spontaneous Reporting
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5.3.2 Intensified ADR Reporting
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5.3.3 Targeted Spontaneous Reporting
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5.3.4 Cohort Event Monitoring
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5.3.5 EHR Mining
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5.4 By End User
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5.4.1 Hospitals
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5.4.2 Pharmaceutical Companies
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5.4.3 Other End Users
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5.5 Geography
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5.5.1 North America
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5.5.1.1 United States
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5.5.1.2 Canada
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5.5.1.3 Mexico
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5.5.2 Europe
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5.5.2.1 Germany
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5.5.2.2 United Kingdom
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5.5.2.3 France
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5.5.2.4 Italy
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5.5.2.5 Spain
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5.5.2.6 Rest of Europe
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5.5.3 Asia-Pacific
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5.5.3.1 China
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5.5.3.2 Japan
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5.5.3.3 India
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5.5.3.4 Australia
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5.5.3.5 South Korea
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5.5.3.6 Rest of Asia-Pacific
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5.5.4 Middle-East and Africa
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5.5.4.1 GCC
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5.5.4.2 South Africa
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5.5.4.3 Rest of Middle-East and Africa
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5.5.5 South America
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5.5.5.1 Brazil
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5.5.5.2 Argentina
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5.5.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Accenture
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6.1.2 ArisGlobal
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6.1.3 BioClinica
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6.1.4 Capgemini
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6.1.5 Cognizant
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6.1.6 IBM Corporation
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6.1.7 ICON PLC
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6.1.8 IQVIA
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6.1.9 ITClinical
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6.1.10 Laboratory Corporation of America Holdings
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6.1.11 Linical Accelovance
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6.1.12 PAREXEL International Corporation
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6.1.13 United BioSource Corporation
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6.1.14 TAKE Solutions Ltd
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6.1.15 Wipro Ltd
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Specific to Pharmacovigilance Market
Competitive Landscape Report Includes
Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments). Key Strategic Moves, Market Share Analysis, Company Landscape, and List of Companies.
Pharmacovigilance Market Companies Summary
The pharmacovigilance market is seeing significant growth due to the rising incidence of adverse drug reactions and safety issues, particularly amid the COVID-19 pandemic. The development of vaccines has created new challenges, such as post-authorization safety monitoring and vaccine safety communication, leading to an increased demand for pharmacovigilance services. The growth of the market is further propelled by increasing drug consumption and development rates, growing incidence rates of adverse drug reactions and drug toxicity, and a rising trend of outsourcing pharmacovigilance services. The need for regular monitoring of drugs has also increased due to the growing drug consumption, thereby boosting the pharmacovigilance market. Pharmaceutical firms are expected to hold a major market share in the pharmacovigilance market due to the rising adoption of pharmacovigilance services. The growing need for medical information by regulatory authorities is also anticipated to fuel the growth of this sector. Furthermore, the significance of post-marketing medication evaluation in better characterizing drug safety profiles in real-world settings is also driving market growth. Moreover, collaborations between pharmaceutical firms and software providers in the market are further expected to propel market growth. However, factors such as high risk associated with data security, lack of global regulatory harmonization, and lack of data standardization for adverse event collection, may hinder the growth of the pharmacovigilance market.
Explore MorePharmacovigilance Companies - Table of Contents
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1. COMPETITIVE LANDSCAPE
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1.1 Company Profiles
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1.1.1 Accenture
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1.1.2 ArisGlobal
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1.1.3 BioClinica
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1.1.4 Capgemini
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1.1.5 Cognizant
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1.1.6 IBM Corporation
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1.1.7 ICON PLC
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1.1.8 IQVIA
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1.1.9 ITClinical
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1.1.10 Laboratory Corporation of America Holdings
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1.1.11 Linical Accelovance
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1.1.12 PAREXEL International Corporation
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1.1.13 United BioSource Corporation
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1.1.14 TAKE Solutions Ltd
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1.1.15 Wipro Ltd
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- *List Not Exhaustive
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Pharmacovigilance Companies FAQs
Who are the key players in Pharmacovigilance Market?
Cognizant, Capgemini, Accenture, Wipro Limited and IBM are the major companies operating in the Pharmacovigilance Market.