GITNUX MARKETDATA REPORT 2024
Pharmacovigilance Industry Statistics
Pharmacovigilance industry statistics provide crucial data on adverse drug reactions to ensure the safety and effectiveness of pharmaceutical products.
In this post, we will explore key statistics shaping the pharmacovigilance industry, providing insights into market trends, revenue shares, growth projections, and regional dynamics. From the market value in billions to projected CAGRs, this collection of data offers a comprehensive look at the current landscape and future forecasts of pharmacovigilance worldwide.
Statistic 1
"As of 2020, the pharmacovigilance market worldwide was valued at USD 4.39 billion."
Statistic 2
"The global pharmacovigilance market is projected to reach USD 12.25 billion by 2025."
Statistic 3
"The Compound Annual Growth Rate (CAGR) for the pharmacovigilance market from 2014 to 2025 is expected to be 13.3%."
Statistic 4
"Phase III clinical trials dominated over 60% of the market share in 2016."
Statistic 5
"In 2016, outsourced case processing services contributed to over 50% of the market revenue in the pharmacovigilance industry."
Statistic 6
"Spontaneous reporting accounted for over 20% of revenue in 2016."
Statistic 7
"The pharmaceutical companies dominated the market in 2016 with over 55% of revenue."
Statistic 8
"The Asia Pacific market is projected to reach USD 2.04 Billion by 2025."
Statistic 9
"North America held the higher market share of 34.7% in 2020."
Statistic 10
"The pharmacovigilance market in Europe is estimated to grow at a CAGR of 12.9% during the forecast period."
Statistic 11
"As of 2018, the contract outsourcing segment held a share of over 57.0% in the pharmacovigilance market."
Statistic 12
"The software solutions segment is projected to grow with a CAGR of 16.2% during the forecast period 2020-2025."
Statistic 13
"By service provider, Contract Research Organization (CROs) dominated the global pharmacovigilance (PV) market with a share of 57.9% in 2019."
Statistic 14
"North America dominated the global pharmacovigilance (PV) market with a share of 38.25% in 2019."
Statistic 15
"The market size of the overall pharmacovigilance and drug safety software market was valued at USD 150.04 million in 2018."
Statistic 16
"Adoption rate of pharmacovigilance was the highest in the pharmaceutical industry with a share of 55.5% in 2019."
Statistic 17
"The healthcare provider segment of the pharmacovigilance market is expected to register a CAGR of 15.8% during the forecast period."
Statistic 18
"The Indian pharmacovigilance market is anticipated to grow at a CAGR of over 14% during the forecast period (2020-2025)."
Statistic 19
"Biological drugs are estimated to register the highest CAGR of 15.7% in the global pharmacovigilance market during the forecast period."
Jannik Lindner
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