The Pharmacovigilance Outsourcing Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Pharmacovigilance Outsourcing Market?
The market size of pharmacovigilance outsourcing has seen rapid expansion in recent years. It is projected to increase from $6.16 billion in 2024 to $7.24 billion in 2025, with a compound annual growth rate (CAGR) of 17.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Pharmacovigilance Outsourcing Industry?
The Pharmacovigilance Outsourcing Global Market is predicted to grow to a size of $13.73 billion by 2029, with a compound annual growth rate (CAGR) of 17.3%.
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What are the Key Growth Drivers Fueling the Pharmacovigilance Outsourcing Market?
The key drivers in the pharmacovigilance outsourcing market are:
• Growth of biologics and biosimilars in the health sector
• Growing focus on personalized medicine
• Rising demand for real-world evidence
• Increasing complexity of drug safety profiles and emphasis on patient-centric care
Global Market Segmentation: Identifying Major Pharmacovigilance Outsourcing Industry Segments
The pharmacovigilance outsourcingmarket covered in this report is segmented –
1) By Type: Adverse Drug Reaction Capture (ADR), Case Processing, Reporting And Submission, Report Publishing, Quality Check, Risk Management, Knowledge Management, Enabling Architecture
2) By Service Provider: Contract Research Organization, Business Processing Outsourcing
3) By End User: Pharmaceutical Industry, Research Organization, Others End Users
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What are the emerging Trends Shaping the Future of the Pharmacovigilance Outsourcing Market?
The key trends in the pharmacovigilance outsourcing market are:
• The market is displaying a trend towards making extensive use of big data analytics.
• There is a noticeable rise in partnerships and collaborations in the field.
• The adoption of cloud-based pharmacovigilance solutions is a key emerging trend.
• Integration of pharmacovigilance with digital health platforms and development of specialized services for gene therapies are shaping the future trends.
Who Are the Top Competitors & Leading Players in the Pharmacovigilance Outsourcing Market?
Major companies in the pharmacovigilance outsourcing market are:
• ACCENTURE PLC
• International Business Machines Corporation (IBM)
• Tata Consultancy Services
• Capgemini SE
• Cognizant Technology Solutions Corporation
• IQVIA Holdings Inc.
• Laboratory Corporation of America Holdings (LabCorp)
• Wipro Limited
• ICON PLC
• Syneos Health
• Genpact limited
• Parexel International Corp
• Veeva Systems Inc.
• Medpace Holdings Inc.
• ProPharma Group
• Pharmalex GmbH
• PrimeVigilance Ltd.
• Global Pharma Tek
• Veristat LLC
• United BioSource LLC
• Lambda Therapeutic Research
• ArisGlobal
• Biomapas
Regional Dominance: Which Area Leads the Global Pharmacovigilance Outsourcing Market?
North America was the largest region in the pharmacovigilance outsourcing market in 2024
