The pharmacovigilance and drug safety software market in Asia Pacific is expected to grow from US$ 32.8 million in 2019 to US$ 62.7 million by 2027; it is estimated to grow at a CAGR of 8.2% from 2020 to 2027.
According to The Business Market Insights Asia Pacific Pharmacovigilance and Drug Safety Software Market report 2027, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. APAC has become one of the largest aviation markets, with air passenger count in billions every year. Over 100 million new passengers are anticipated to reach in the coming years. The rising number of air passengers has led to increase in the number of aircraft flights every day;
Pharmacovigilance (PV) plays an essential role in the healthcare system through assessment, monitoring, and finding of drug interactions and their effects in human. Pharmacovigilance helps companies to monitor any adverse drug reaction events during the trial phase and also during the post marketing period.Thus, the globalization of pharmacovigilance are expected to create a significant demand for pharmacovigilance and drug safety software in the coming years, which is further anticipated to drive the pharmacovigilance and drug safety software market.
Some of the companies competing in the Asia Pacific Pharmacovigilance and Drug Safety Software Market are–
- Veeva Systems
- IQVIA Inc.
- AB Cube
- ArisGlobal LLC
- Sparta Systems
- Oracle Corporation
- Sarjen Systems Pvt. Ltd
- Online Business Applications, Inc.
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ASIA PACIFIC PHARMACOVIGILANCE AND DRUG SAFETY SOFTWARE MARKET SEGMENTATION
By Software Type
- Fully Integrated Software
- Adverse Event Reporting Software
- Drug Safety Audits Software
- Issue Tracking Software
- By Delivery Mode
By End User
- Contract Research Organizations
- Pharmaceutical and Biotech Companies
- Business Process Outsourcing
- Asia Pacific
- South Korea
- Rest of Asia Pacific
What questions does the Asia Pacific Pharmacovigilance and Drug Safety Software Market report answer about the regional reach of the industry
- How do the sales figures look at present How does the sales scenario look for the future
- Considering the present scenario, how much revenue will each region attain by the end of the forecast period
- How much is the market share that each of these regions has accumulated presently
- How much is the growth rate that each topography will depict over the predicted timeline
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