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Pharmacovigilance Industry Insight
Global Pharmacovigilance market is expected to reach USD 5.51 billion by 2020. Increasing incidence rates of adverse drug reaction and the introduction of stringent drug safety regulations are some key drivers of this market.Transparency Market Research has published a new report on the global pharmacovigilance market As per the report, the global pharmacovigilance market stood at US$2.4 bn in 2013 and is predicted to reach US$6.1 bn by 2020. The report, titled ‘Pharmacovigilance Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020’, states that the global pharmacovigilance market is expected to rise at a 14.20% CAGR between 2014 and 2020.
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