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The pharmacovigilance market size is forecast to increase by USD 2.87 billion at a CAGR of 5.8% between 2023 and 2028. Pharmacovigilance is a critical aspect of ensuring drug safety and effectiveness. The market for pharmacovigilance services is experiencing significant growth due to several factors. Firstly, the increasing incidence rates of adverse drug events necessitate pharmacovigilance systems. Secondly, marketing authorization holders are increasingly outsourcing pharmacovigilance activities to Contract Research Organizations (CROs) to reduce costs and improve efficiency. Regulatory authorities, such as the Food and Drug Administration (FDA) in the US, enforce strict regulations through Directives like the EU Pharmacovigilance Legislation. Pre-clinical and clinical trials are crucial stages in drug therapy development. The importance of data safety and security in clinical studies and for managing health and diseases further fuels the demand for advanced pharmacovigilance solutions. This market analysis report provides an in-depth examination of these trends and challenges.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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