Explore Trends and Opportunities Defining Future of Pharmacovigilance Industry Assessed in Latest Report

Albany, February 3, 2016 (Newswire.com) - Driven by the increased sales of medicinal drugs globally, the pharmacovigilance industry will find several opportunities for growth in the coming years, finds a latest report that is now available on MarketResearchReports.biz. The report, titled ‘Global Pharmacovigilance Industry 2015 Market Research Report’, whittles the global market into multiple segments and sub-segments to create a rich and comprehensive analysis.

The findings of the report suggest that thanks to a rise in the number of adverse drug reactions reported across the world, the deployment of pharmacovigilance methods will show a parallel rise. The report, prepared by seasoned industry experts, relies extensively on both primary and secondary research in order to analyze the current dynamics of the global pharmacovigilance industry. This report also identifies key trends that will augur well for the growth of the global pharmacovigilance industry, with outsourcing of pharmacovigilance activities being identified as a major trend.

However, given the sensitive nature of pharmacovigilance, breach of confidential data repositories is a risk that companies in the market need to actively alleviate. For this purpose, joint collaborations might be the way ahead. Collaborations between private players such as life sciences companies and pharmaceutical manufacturers as well as public entities such as regulatory authorities could be seen in the coming years within the pharmacovigilance market. The other restraint that the market for pharmacovigilance is likely to face is a dearth of skilled professionals.

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The report on the pharmacovigilance industry begins with a general overview of the industry, where clients can acquaint themselves with basics such as definition and classification of pharmacovigilance. This chapter also discusses the applications of various pharmacovigilance methods and the characteristics of pharmacovigilance. Moving further, the report discusses the barriers to entry that currently exist in this market.

In the subsequent chapters, the report delves on the state of the pharmacovigilance industry in the international context and specifically in China. The competitive landscape is analyzed in detail as part of the analysis of this report, for both global and China markets. The most important development trends are discussed in detail so as to provide industry stakeholders a complete picture of the opportunities that lie within these trends.

Since current policies and new developments have a bearing on the growth trajectory of the global pharmacovigilance industry, understanding them becomes a winning imperative. This is precisely what the report offers. Details of the current and projected revenue of the market as a whole and that of individual segments studied within the pharmacovigilance industry are presented. Revenues of important national markets such as the U.S., China, and Japan are projected separately. The revenue expected to be generated by the pharmacovigilance industry in Europe is also projected in the report.

The leading players that are profiled in the global pharmacovigilance industry report are Oracle, ArisGlobal, Sparta Systems, Extedo, UBC, Sarjen, Ennov, and others.