Global Pharmacovigilance and Drug Safety Software Market Growth, Probability, Key Vendors and Future Scenario up to 2024
The global pharmacovigilance and drug safety software market is growing at a significant rate, due to mounting occurrence of adverse drug reactions. Different functionality contributed to the pharmacovigilance and drug safety software market size. The market has witnessed a high demand for adverse event reporting software over the last few years due to mounting occurrence of an adverse drug.
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The mounting occurrence of adverse drug reactions (ADRs), budding complexity related to drug safety regulations, and escalating implementation of PV software by outsourcing companies are the primary growth drivers for pharmacovigilance and drug safety software market.
In addition, technological development of software system such as cloud-based PV software, expanding geriatric population, mounting occurrence of chronic and lifestyle associated diseases, mounting alertness about public safety and mounting health information functionality market are also up surging the demand in the pharmacovigilance and drug safety software market.
North America is the largest pharmacovigilance and drug safety software market as in the region the government assisted schemes preferring the implementation of PV software systems is increasing. Asia-Pacific is observed to witness the fastest growth in the market, due to budding private and public assets in pharmaceutical R&D.
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Key players in the pharmacovigilance and drug safety software market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. Ennov, AB-Cube, Oracle Corporation, Arisglobal, Sarjen Systems Pvt. Ltd, Online Business Applications, Inc., United Biosource Corporation, Extedo GMBH, Sparta Systems, Inc., and Umbra Global pharmacovigilance, and drug safety software.
Source: VynZ Research
