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Global Pharmacovigilance and Drug Safety Software Market: By Functionality: Adverse Event Reporting Software, Drug Safety Audits Software, Others; By Mode of Delivery; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Pharmacovigilance and Drug Safety Software Market Outlook
The global pharmacovigilance and drug safety software market is anticipated to grow at a CAGR of 5.8% over the forecast period 2022-2027.
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After licensing, pharmacovigilance is the profession of tracking the impacts of medical drugs. This is performed in particular to recognize and examine the prior unfavourable responses of unannounced pharmaceutical drugs.
The global market for pharmacovigilance and drug safety software is expected to accelerate due to the increasing incidences of ADR or adverse drug reaction and the rise of several outsourcing businesses adopting interconnected software services. With an increased demand for different drugs and medicines worldwide and the ongoing attempts to produce secure medicines and the growing pressure on numerous biotech and pharmaceutical companies, the market is anticipated to experience significant development in the years to come.
Market Segmentation
The pharmacovigilance and drug safety software market can be divided on the basis of segments like functionality, mode of delivery, and end-use.
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The industry can be categorised on the basis of its functionality as drug safety audits software, adverse event reporting software, issue tracking software, and fully integrated software. The industry can be divided based on its mode of delivery as on-premise delivery and on-demand/ cloud-based (SaaS) delivery. The industry can be broadly categorised based on its end-use into:
- Pharma and Biotech Companies
- Contract Research Organizations (CROs)
- Business Process Outsourcing (BPO) Firms
- Others
The EMR report looks into the regional markets of pharmacovigilance and drug safety software like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.
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Market Analysis
The adoption of pharmacovigilance software in the market has become simpler for players with readily available information and the decreased use of obsolete information. The critical use of pharmacovigilance and drug safety is projected to boost the global market for multiple clinical research. As a consequence of particular drug consumption, the increase in patient safety problems, and the surge in adverse side effects may increase the global drug safety software and pharmacovigilance market. This market growth could also be mainly be correlated with the accessibility of clinical trial programs and reductions in medical spending.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global pharmacovigilance and drug safety software industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- ArisGlobal
- Ennov Solutions Inc.
- EXTEDO GmbH
- Oracle Corporation (NYSE: ORCL)
- Sparta Systems, Inc.
- United BioSource Corporation
- AB Cube
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Functionality, Mode of Delivery, End Use, Region |
| Breakup by Functionality | Adverse Event Reporting Software, Drug Safety Audits Software, Issue Tracking Software, Fully Integrated Software |
| Breakup by Mode of Delivery | On-Premise Delivery, On-Demand/ Cloud-Based (SaaS) Delivery |
| Breakup by End Use | Pharma and Biotech Companies, Contract Research Organizations (CROs), Business Process Outsourcing (BPO) Firms, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | ArisGlobal, Ennov Solutions Inc., EXTEDO GmbH, Oracle Corporation, Sparta Systems, Inc., United BioSource Corporation, AB Cube, Others. |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Pharmacovigilance and Drug Safety Software Market Analysis
8.1 Key Industry Highlights
8.2 Global Pharmacovigilance and Drug Safety Software Historical Market (2017-2021)
8.3 Global Pharmacovigilance and Drug Safety Software Market Forecast (2022-2027)
8.4 Global Pharmacovigilance and Drug Safety Software Market by Functionality
8.4.1 Adverse Event Reporting Software
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Drug Safety Audits Software
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Issue Tracking Software
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Fully Integrated Software
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.5 Global Pharmacovigilance and Drug Safety Software Market by Mode of Delivery
8.5.1 On-Premises Delivery
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 On-Demand/Cloud Based (SaaS) Delivery
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Pharmacovigilance and Drug Safety Software Market by End Use
8.6.1 Pharma and Biotech Companies
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Contract Research Organizations (CROs)
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Business Process Outsourcing (BPO) Firms
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Others
8.7 Global Pharmacovigilance and Drug Safety Software Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Arisglobal LLC
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Ennov Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 EXTEDO GmbH
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Oracle Corporation
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Sparta Systems Inc.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 United BioSource Corporation
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 AB Cube
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Pharmacovigilance and Drug Safety Software Market: Key Industry Highlights, 2016 and 2026
2. Global Pharmacovigilance and Drug Safety Software Historical Market: Breakup by Functionality (USD Million), 2017-2021
3. Global Pharmacovigilance and Drug Safety Software Market Forecast: Breakup by Functionality (USD Million), 2022-2027
4. Global Pharmacovigilance and Drug Safety Software Historical Market: Breakup by Mode of Delivery (USD Million), 2017-2021
5. Global Pharmacovigilance and Drug Safety Software Market Forecast: Breakup by Mode of Delivery (USD Million), 2022-2027
6. Global Pharmacovigilance and Drug Safety Software Historical Market: Breakup by End Use (USD Million), 2017-2021
7. Global Pharmacovigilance and Drug Safety Software Market Forecast: Breakup by End Use (USD Million), 2022-2027
8. Global Pharmacovigilance and Drug Safety Software Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global Pharmacovigilance and Drug Safety Software Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America Pharmacovigilance and Drug Safety Software Historical Market: Breakup by Country (USD Million), 2017-2021
11. North America Pharmacovigilance and Drug Safety Software Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Europe Pharmacovigilance and Drug Safety Software Historical Market: Breakup by Country (USD Million), 2017-2021
13. Europe Pharmacovigilance and Drug Safety Software Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Asia Pacific Pharmacovigilance and Drug Safety Software Historical Market: Breakup by Country (USD Million), 2017-2021
15. Asia Pacific Pharmacovigilance and Drug Safety Software Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Latin America Pharmacovigilance and Drug Safety Software Historical Market: Breakup by Country (USD Million), 2017-2021
17. Latin America Pharmacovigilance and Drug Safety Software Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Middle East and Africa Pharmacovigilance and Drug Safety Software Historical Market: Breakup by Country (USD Million), 2017-2021
19. Middle East and Africa Pharmacovigilance and Drug Safety Software Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Global Pharmacovigilance and Drug Safety Software Market Structure
Key Questions Answered in the Report
The global pharmacovigilance and drug safety software market is estimated to witness a healthy growth, expanding at a CAGR of 5.8% in the forecast period of 2022-2027.
The major drivers of the market include the increasing incidences of ADR (adverse drug reaction) and the growing adoption of interconnected software services by several outsourcing businesses.
The increasing demand for different drugs and medicines worldwide and ongoing attempts to improve access to safe and effective drugs are expected to be the key trends guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Drug safety audits software, adverse event reporting software, issue tracking software, and fully integrated software are the major functionalities of the product.
On-premise delivery and on-demand/ cloud-based (SaaS) delivery are the different delivery modes of the product in the market.
Pharma and biotech companies, contract research organisations (CROs), and business process outsourcing (BPO) firms, among others are the significant end uses of the product in the market.
The major players in the industry are ArisGlobal, Ennov Solutions Inc., EXTEDO GmbH, Oracle Corporation, Sparta Systems, Inc., United BioSource Corporation, AB Cube, Others.
Analyst Review
The global pharmacovigilance and drug safety software market is being driven by the increasing incidences of ADR or adverse drug reaction and the rise of several outsourcing businesses adopting interconnected software services. Aided by the increasing focus on patient safety and growing efforts to provide safe and effective drugs, the market is anticipated to grow at a CAGR of 5.8% in the forecast period of 2022-2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on functionality, the market is divided into drug safety audits software, adverse event reporting software, issue tracking software, and fully integrated software. On the basis of mode of delivery, the market is segmented into on-premise delivery and on-demand/ cloud-based (SaaS) delivery. Based on end use, the market is divided into pharma and biotech companies, contract research organisations (CROs), and business process outsourcing (BPO) firms, among others. The major regional markets for pharmacovigilance and drug safety software are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ArisGlobal, Ennov Solutions Inc., EXTEDO GmbH, Oracle Corporation, Sparta Systems, Inc., United BioSource Corporation, AB Cube, Others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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