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Pharmacovigilance and Drug Safety Software Market Size, Share & Trends Analysis Report By Functionality, By Delivery Mode, By End Use (Pharmaceutical & Biotech Companies, CROs, BPOs), And Segment Forecasts, 2018 - 2024

Pharmacovigilance and Drug Safety Software Market Size, Share & Trends Analysis Report By Functionality, By Delivery Mode, By End Use (Pharmaceutical & Biotech Companies, CROs, BPOs), And Segment Forecasts, 2018 - 2024

The global pharmacovigilance and drug safety software market size is expected to reach USD 207.7 million by 2024, according to a new report by Grand View Research, Inc., presenting a CAGR of 6.5% during the forecast period. Increasing number of adverse drug reactions (ADR) is a key factor for market growth. ADR imposes a significant burden on research organizations and companies. To curb this problem, pharmaceutical companies are opting for contract outsourcing of these services.

Manufacturers are now striving to identify various ways of cost reduction and minimizing operational expenses by gradually shifting from being fully integrated pharmaceutical companies to sharing costs by collaborating with service providers. Outsourcing helps increase internal resource flexibility, improves timelines, and results in better outcomes in short as well as long terms. Outsourcing also helps achieve better pharmacovigilance (PV) through regulatory compliance, higher quality, better productivity, and improved strategic outcomes.

PV service providers, in an attempt to ensure sustainability, are providing customized and end-to-end solutions to meet consumer needs. These firms are also incorporating integrated technologies such as electronic data capture and hosting of PV warehousing for aggregating cross industry data for benefit risk evaluation. Furthermore, the fact that service providers are now operating via a flexible and variable pricing structure and achieving operational excellence through constant product updates is expected to boost usage rates over the forecast period.

Further key findings from the report suggest:

  • By functionality, fully integrated software solutions for pharmacovigilance are anticipated to reach USD 25.35 million by 2024, at a CAGR of 7.0% from 2016 to 2024. The ADR reporting software segment, on the other hand, is projected to ascend at a CAGR of 6.4% over the forecast period
  • Based on delivery mode, the on-demand segment dominated the global pharmacovigilance software market with a share of over 52.0% in 2015
  • On the basis of end use, the CROs and BPO segments are slated to witness lucrative growth owing to increasing adoption by outsourcing companies to curb healthcare costs
  • The U.S. PV software market is anticipated to exceed USD 6.45 million by 2024. Asian countries, especially India and China, are also expected to observe remarkable growth in the coming years
  • The market is relatively competitive in nature thanks to presence of global multinational players. It is also consolidated to a certain extent
  • Some of the key companies in the market are United BioSource Corporation; Sparta Systems, Inc.; Oracle Corporation; Ennov Solutions Inc.; Max Application; EXTEDO GmbH; AB Cube; Relsys; Online Business Applications, Inc.; and ArisGlobal.


Chapter 1 Research Methodology & Scope
1.1 Region Wise Market Calculation
1.1.1 Region Wise Market: Base Estimates
1.1.2 Global Market: CAGR Calculation
1.2 Region Based Segment Share Calculation
1.3 List of Secondary Sources
Chapter 2 Executive Summary
Chapter 3 Market Snapshot
Chapter 4 Market Variables, Trends& Scope
4.1 Market Segmentation & Scope
4.1.1 Market driver analysis
4.1.1.1 Rising incidences of ADR
4.1.1.2 Globalization of pharmacovigilance
4.1.1.3 Increasing burden from regulatory authorities
4.1.1.4 Introduction of technologically advanced software services
4.1.2 Market restraint analysis
4.1.2.1 Expensive technology
4.2 Penetration & Growth Prospect Mapping
4.3 Pharmacovigilance & Drug Safety Software- PESTLE Analysis
4.4 Industry Analysis - Porter’s
Chapter 5 Market Categorization 1: Functionality Estimates & Trend Analysis
5.1 Pharmacovigilance & Drug Safety Software Market: Functionality Movement Analysis
5.2 ADR Reporting Software
5.2.1 ADR reporting software market, 2013 - 2024 (USD Million)
5.3 Drug Safety Audits
5.3.1 Drug safety audits market, 2013 - 2024 (USD Million)
5.4 Issue Tracking
5.4.1 Issue tracking market, 2013 - 2024 (USD Million)
5.5 Fully Integrated Software
5.5.1 Fully integrated software market, 2013 - 2024 (USD Million)
Chapter 6 Market Categorization 2: Delivery Mode Estimates & Trend Analysis
6.1 Pharmacovigilance & Drug Safety Software Market: Delivery Mode Movement Analysis
6.2 On-premise
6.2.1 On-premise market, 2013 - 2024 (USD Million)
6.3 On-demand
6.3.1 On-demand market, 2013 - 2024 (USD Million)
Chapter 7 Market Categorization 3: End-use Estimates & Trend Analysis
7.1 Pharmacovigilance & Drug Safety Software Market: End-use Movement Analysis
7.2 Pharma & Biotech Companies
7.2.1 Pharma & biotech companies market, 2013 - 2024 (USD Million)
7.3 CROs
7.3.1 CROs market, 2013 - 2024 (USD Million)
7.4 BPOs
7.4.1 BPOs market, 2013 - 2024 (USD Million)
7.5 Others
7.5.1 Others market, 2013 - 2024 (USD Million)
Chapter 8 Market Categorization 4: Regional Estimates & Trend Analysis, by Functionality, Delivery Mode, and End-use
8.1 Pharmacovigilance & Drug Safety Software Market Share by Region, 2015 & 2024
8.2 North America
8.2.1 North America pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
8.2.2 U.S.
8.2.2.1 U.S. pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
8.2.3 Canada
8.2.3.1 Canada pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
8.3 Europe
8.3.1 Europe pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
8.3.2 UK
8.3.2.1 UK pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
8.3.3 Germany
8.3.3.1 Germany pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
8.4 Asia Pacific
8.4.1 Asia Pacific pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
8.4.2 Japan
8.4.2.1 Japan pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
8.4.3 China
8.4.3.1 China pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
8.4.4 India
8.4.4.1 India pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
8.5 Latin America
8.5.1 Latin America pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
8.5.2 Brazil
8.5.2.1 Brazil pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
8.5.3 Mexico
8.5.3.1 Mexico pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
8.6 MEA
8.6.1 MEA pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
8.6.2 South Africa
8.6.2.1 South Africa pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
Chapter 9 Competitive Landscape
9.1 Company Profiles
9.1.1 AB cube
9.1.1.1 Company Overview
9.1.1.2 Financial Performance
9.1.1.3 Product Benchmarking
9.1.1.4 Strategic Initiatives
9.1.2 Max Application
9.1.2.1 Company Overview
9.1.2.2 Financial Performance
9.1.2.3 Product Benchmarking
9.1.2.4 Strategic Initiatives
9.1.3 Ennov Solutions, Inc.
9.1.3.1 Company Overview
9.1.3.2 Financial Performance
9.1.3.3 Product Benchmarking
9.1.3.4 Strategic Initiatives
9.1.4 ArisGlobal
9.1.4.1 Company Overview
9.1.4.2 Financial Performance
9.1.4.3 Product Benchmarking
9.1.4.4 Strategic Initiatives
9.1.5 EXTEDO GmbH
9.1.5.1 Company Overview
9.1.5.2 Financial Performance
9.1.5.3 Product Benchmarking
9.1.5.4 Strategic Initiatives
9.1.6 Online Business Applications, Inc.
9.1.6.1 Company Overview
9.1.6.2 Financial Performance
9.1.6.3 Product Benchmarking
9.1.6.4 Strategic Initiatives
9.1.7 Oracle Corporation
9.1.7.1 Company Overview
9.1.7.2 Financial Performance
9.1.7.3 Product Benchmarking
9.1.7.4 Strategic Initiatives
9.1.8 Sparta Systems, Inc.
9.1.8.1 Company Overview
9.1.8.2 Financial Performance
9.1.8.3 Product Benchmarking
9.1.8.4 Strategic Initiatives
9.1.9 United BioSource Corporation
9.1.9.1 Company Overview
9.1.9.2 Financial Performance
9.1.9.3 Product Benchmarking
9.1.9.4 Strategic Initiatives
9.1.10 Relsys
9.1.10.1 Company Overview
9.1.10.2 Financial Performance
9.1.10.3 Product Benchmarking
9.1.10.4 Strategic Initiatives
List of Tables
TABLE 1 North America pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 2 North America pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 3 North America pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
TABLE 4 U.S. pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 5 U.S. pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 6 U.S. pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
TABLE 7 Canada pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 8 Canada pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 9 Canada pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
TABLE 10 Europe pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 11 Europe pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 12 Europe pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
TABLE 13 UK pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 14 UK pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 15 UK pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
TABLE 16 Germany pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 17 Germany pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 18 Germany pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
TABLE 19 Asia Pacific pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 20 Asia Pacific pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 21 Asia Pacific pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
TABLE 22 Japan pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 23 Japan pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 24 Japan pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
TABLE 25 China pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 26 China pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 27 China pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
TABLE 28 India pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 29 India pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 30 India pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
TABLE 31 Latin America pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 32 Latin America pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 33 Latin America pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
TABLE 34 Brazil pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 35 Brazil pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 36 Brazil pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
TABLE 37 Mexico pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 38 Mexico pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 39 Mexico pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
TABLE 40 MEA pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 41 MEA pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 42 MEA pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
TABLE 43 South Africa pharmacovigilance & drug safety software market, by functionality, 2013 - 2024 (USD Million)
TABLE 44 South Africa pharmacovigilance & drug safety software market, by delivery mode, 2013 - 2024 (USD Million)
TABLE 45 South Africa pharmacovigilance & drug safety software market, by end-use, 2013 - 2024 (USD Million)
List of Figures
FIG. 1 Market summary
FIG. 2 Market trends & outlook
FIG. 3 Market segmentation & scope
FIG. 4 Market driver relevance analysis (Current & future impact)
FIG. 5 Per capita health expenditure, USD, (2011 - 2014)
FIG. 6 Usage of social media in healthcare.
FIG. 7 Market restraint relevance analysis (Current & future impact)
FIG. 8 Penetration & Growth Prospect Mapping
FIG. 9 Pharmacovigilance & drug safety software software PESTLE Analysis
FIG. 10 Porter’s Five Forces Analysis
FIG. 11 Pharmacovigilance & drug safety software market delivery mode outlook key takeaways
FIG. 12 Pharmacovigilance & drug safety software market: Functionality movement analysis
FIG. 13 ADR reporting software market, 2013 - 2024 (USD Million)
FIG. 14 Drug safety audits market, 2013 - 2024 (USD Million)
FIG. 15 Issue tracking market, 2013 - 2024 (USD Million)
FIG. 16 Fully integrated software market, 2013 - 2024 (USD Million)
FIG. 17 Pharmacovigilance & drug safety software market delivery mode outlook key takeaways
FIG. 18 Pharmacovigilance & drug safety software market: Delivery mode movement analysis
FIG. 19 On-premise market, 2013 - 2024 (USD Million)
FIG. 20 On-demand market, 2013 - 2024 (USD Million)
FIG. 21 Pharmacovigilance & drug safety software market end-use outlook: key takeaways
FIG. 22 Pharmacovigilance & drug safety software market: End-use movement analysis
FIG. 23 Pharma & biotech companies market, 2013 - 2024 (USD Million)
FIG. 24 CRO market, 2013 - 2024 (USD Million)
FIG. 25 BPO market, 2013 - 2024 (USD Million)
FIG. 26 Others market, 2013 - 2024 (USD Million)
FIG. 27 Regional market place: Key takeaways
FIG. 28 Regional outlook, 2015 & 2024
FIG. 29 North America pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
FIG. 30 U.S. Pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
FIG. 31 Canada Pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
FIG. 32 Europe Pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
FIG. 33 UK Pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
FIG. 34 Germany Pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
FIG. 35 Asia Pacific Pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
FIG. 36 Japan Pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
FIG. 37 China Pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
FIG. 38 India Pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
FIG. 39 Latin America Pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
FIG. 40 Brazil Pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
FIG. 41 Mexico Pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
FIG. 42 MEA Pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)
FIG. 43 South Africa Pharmacovigilance & drug safety software market, 2013 - 2024 (USD Million)

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