Pharmacovigilance and Drug Safety Software Market Forecast 2020-2027 in North America analysis Growth Prospects, Dynamics, and Competitive Landscape

North America Pharmacovigilance and Drug Safety Software Market was valued at US$ 73.4 million in 2019 and is projected to reach US$ 136.0 million by 2027 with a CAGR of 7.8% during the forecast period 2020 to 2027.

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.Since the outbreak of COVID-19, North America has been beholding a growing number of COVID-19. Several measures are being taken to restrain the disease and prevent the transmission; nevertheless, the excessive number of COVID cases has resulted in the cancellation of doctor’s appointment, decreased in demand for the elective Pharmacovigilance and Drug Safety Software due to long period of lockdown. In the US, due to a growing number of contaminated patients, healthcare practitioners and leading organizations are distracting the flow of health services from research and development to primary care, which slows down the process of innovation.

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Top Key Players Listed in the North America Pharmacovigilance and Drug Safety Software Market 2020 – 2027 Report Are:

  • Veeva Systems
  • IQVIA Inc.
  • Ennov
  • AB Cube
  • United Biosource LLC
  • ArisGlobal LLC
  • Sparta Systems
  • Oracle Corporation
  • Sarjen Systems Pvt. Ltd
  • Online Business Applications, Inc.

In this report, the market has been segmented on the basis of:

By Software Type

  • Fully Integrated Software
  • Adverse Event Reporting Software
  • Drug Safety Audits Software
  • Issue Tracking Software

By Delivery Mode

  • Cloud-based
  • On-premise

By End User

  • Contract Research Organizations
  • Pharmaceutical and Biotech Companies
  • Business Process Outsourcing

The North America Pharmacovigilance and Drug Safety Software Market 2020 – 2027 Competitive Viewpoint:

This analysis is a useful resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach within the current Market situation. While focusing on top companies and their corporate strategies, market presence, operative segmentation, aggressive outlook, geographical growth, pricing and price structures, the study painstakingly takes into consideration the market analysis.

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