Pharmacovigilance Market Size, Share, and Trends 2024 to 2034

The global pharmacovigilance market size is calculated at USD 10.36 billion in 2025 and is forecasted to reach around USD 22.25 billion by 2034, accelerating at a CAGR of 8.88% from 2025 to 2034. The North America pharmacovigilance market size surpassed USD 2.96 billion in 2024 and is expanding at a CAGR of 8.90% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1442
  • Category : Healthcare

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Process Flow Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Pharmacovigilance Market 

5.1. COVID-19 Landscape: Pharmacovigilance Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Pharmacovigilance Market, By Clinical Trial Phase

8.1. Pharmacovigilance Market, by Clinical Trial Phase Type

8.1.1. Preclinical Phase I

8.1.1.1. Market Revenue and Forecast

8.1.2. Phase II

8.1.2.1. Market Revenue and Forecast

8.1.3. Phase III

8.1.3.1. Market Revenue and Forecast

8.1.4. Phase IV

8.1.4.1. Market Revenue and Forecast

Chapter 9. Global Pharmacovigilance Market, By Service Provider Type

9.1. Pharmacovigilance Market, by Service Provider Type

9.1.1. In-house

9.1.1.1. Market Revenue and Forecast

9.1.2. Contract Outsourcing

9.1.2.1. Market Revenue and Forecast

Chapter 10. Global Pharmacovigilance Market, By End User

10.1. Pharmacovigilance Market, by End User Type

10.1.1. Hospitals

10.1.1.1. Market Revenue and Forecast

10.1.2. Pharmaceutical Companies

10.1.2.1. Market Revenue and Forecast

10.1.3. Others

10.1.3.1. Market Revenue and Forecast

Chapter 11. Global Pharmacovigilance Market, By Therapeutic Area

11.1. Pharmacovigilance Market, by Therapeutic Area Type

11.1.1. Oncology

11.1.1.1. Market Revenue and Forecast

11.1.2. Neurology

11.1.2.1. Market Revenue and Forecast

11.1.3. Cardiology

11.1.3.1. Market Revenue and Forecast

11.1.4. Respiratory Systems

11.1.4.1. Market Revenue and Forecast

11.1.5. Others

11.1.5.1. Market Revenue and Forecast

Chapter 12. Global Pharmacovigilance Market, By Type

12.1. Pharmacovigilance Market, by Type

12.1.1. Spontaneous Reporting

12.1.1.1. Market Revenue and Forecast

12.1.2. Intensified ADR Reporting

12.1.2.1. Market Revenue and Forecast

12.1.3. Targeted Spontaneous Reporting

12.1.3.1. Market Revenue and Forecast

12.1.4. Cohort Event Monitoring

12.1.4.1. Market Revenue and Forecast

12.1.5. EHR Mining

12.1.5.1. Market Revenue and Forecast

Chapter 13. Global Pharmacovigilance Market, By Process Flow

13.1. Pharmacovigilance Market, by Service Provider Type

13.1.1. Case Data Management

13.1.1.1. Market Revenue and Forecast

13.1.2. Signal Detection

13.1.2.1. Market Revenue and Forecast

13.1.3. Risk Management System

13.1.3.1. Market Revenue and Forecast

Chapter 14. Global Pharmacovigilance Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Clinical Trial Phase

14.1.2. Market Revenue and Forecast, by Service Provider

14.1.3. Market Revenue and Forecast, by End User

14.1.4. Market Revenue and Forecast, by Therapeutic Area

14.1.5. Market Revenue and Forecast, by Type

14.1.6. Market Revenue and Forecast, by Process Flow

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Clinical Trial Phase

14.1.7.2. Market Revenue and Forecast, by Service Provider

14.1.7.3. Market Revenue and Forecast, by End User

14.1.7.4. Market Revenue and Forecast, by Therapeutic Area

14.1.8. Market Revenue and Forecast, by Type

14.1.8.1. Market Revenue and Forecast, by Process Flow  

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Clinical Trial Phase

14.1.9.2. Market Revenue and Forecast, by Service Provider

14.1.9.3. Market Revenue and Forecast, by End User

14.1.9.4. Market Revenue and Forecast, by Therapeutic Area

14.1.10. Market Revenue and Forecast, by Type

14.1.11. Market Revenue and Forecast, by Process Flow

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Clinical Trial Phase

14.2.2. Market Revenue and Forecast, by Service Provider

14.2.3. Market Revenue and Forecast, by End User

14.2.4. Market Revenue and Forecast, by Therapeutic Area  

14.2.5. Market Revenue and Forecast, by Type

14.2.6. Market Revenue and Forecast, by Process Flow

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Clinical Trial Phase

14.2.8.2. Market Revenue and Forecast, by Service Provider

14.2.8.3. Market Revenue and Forecast, by End User

14.2.9. Market Revenue and Forecast, by Therapeutic Area  

14.2.10. Market Revenue and Forecast, by Type

14.2.10.1. Market Revenue and Forecast, by Process Flow  

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Clinical Trial Phase

14.2.11.2. Market Revenue and Forecast, by Service Provider

14.2.11.3. Market Revenue and Forecast, by End User

14.2.12. Market Revenue and Forecast, by Therapeutic Area

14.2.13. Market Revenue and Forecast, by Type

14.2.14. Market Revenue and Forecast, by Process Flow

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Clinical Trial Phase

14.2.15.2. Market Revenue and Forecast, by Service Provider

14.2.15.3. Market Revenue and Forecast, by End User

14.2.15.4. Market Revenue and Forecast, by Therapeutic Area

14.2.16. Market Revenue and Forecast, by Type

14.2.16.1. Market Revenue and Forecast, by Process Flow

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Clinical Trial Phase

14.2.17.2. Market Revenue and Forecast, by Service Provider

14.2.17.3. Market Revenue and Forecast, by End User

14.2.17.4. Market Revenue and Forecast, by Therapeutic Area

14.2.18. Market Revenue and Forecast, by Type

14.2.18.1. Market Revenue and Forecast, by Process Flow

14.3. APAC

14.3.1. Market Revenue and Forecast, by Clinical Trial Phase

14.3.2. Market Revenue and Forecast, by Service Provider

14.3.3. Market Revenue and Forecast, by End User

14.3.4. Market Revenue and Forecast, by Therapeutic Area

14.3.5. Market Revenue and Forecast, by Type

14.3.6. Market Revenue and Forecast, by Process Flow

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Clinical Trial Phase

14.3.7.2. Market Revenue and Forecast, by Service Provider

14.3.7.3. Market Revenue and Forecast, by End User

14.3.7.4. Market Revenue and Forecast, by Therapeutic Area

14.3.8. Market Revenue and Forecast, by Type

14.3.9. Market Revenue and Forecast, by Process Flow

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Clinical Trial Phase

14.3.10.2. Market Revenue and Forecast, by Service Provider

14.3.10.3. Market Revenue and Forecast, by End User

14.3.10.4. Market Revenue and Forecast, by Therapeutic Area

14.3.11. Market Revenue and Forecast, by Type

14.3.11.1. Market Revenue and Forecast, by Process Flow

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Clinical Trial Phase

14.3.12.2. Market Revenue and Forecast, by Service Provider

14.3.12.3. Market Revenue and Forecast, by End User

14.3.12.4. Market Revenue and Forecast, by Therapeutic Area

14.3.12.5. Market Revenue and Forecast, by Type

14.3.12.6. Market Revenue and Forecast, by Process Flow

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Clinical Trial Phase

14.3.13.2. Market Revenue and Forecast, by Service Provider

14.3.13.3. Market Revenue and Forecast, by End User

14.3.13.4. Market Revenue and Forecast, by Therapeutic Area

14.3.13.5. Market Revenue and Forecast, by Type

14.3.13.6. Market Revenue and Forecast, by Process Flow

14.4. MEA

14.4.1. Market Revenue and Forecast, by Clinical Trial Phase

14.4.2. Market Revenue and Forecast, by Service Provider

14.4.3. Market Revenue and Forecast, by End User

14.4.4. Market Revenue and Forecast, by Therapeutic Area

14.4.5. Market Revenue and Forecast, by Type

14.4.6. Market Revenue and Forecast, by Process Flow

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Clinical Trial Phase

14.4.7.2. Market Revenue and Forecast, by Service Provider

14.4.7.3. Market Revenue and Forecast, by End User

14.4.7.4. Market Revenue and Forecast, by Therapeutic Area

14.4.8. Market Revenue and Forecast, by Type

14.4.9. Market Revenue and Forecast, by Process Flow

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Clinical Trial Phase

14.4.10.2. Market Revenue and Forecast, by Service Provider

14.4.10.3. Market Revenue and Forecast, by End User

14.4.10.4. Market Revenue and Forecast, by Therapeutic Area

14.4.11. Market Revenue and Forecast, by Type

14.4.12. Market Revenue and Forecast, by Process Flow

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Clinical Trial Phase

14.4.13.2. Market Revenue and Forecast, by Service Provider

14.4.13.3. Market Revenue and Forecast, by End User

14.4.13.4. Market Revenue and Forecast, by Therapeutic Area

14.4.13.5. Market Revenue and Forecast, by Type

14.4.13.6. Market Revenue and Forecast, by Process Flow

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Clinical Trial Phase

14.4.14.2. Market Revenue and Forecast, by Service Provider

14.4.14.3. Market Revenue and Forecast, by End User

14.4.14.4. Market Revenue and Forecast, by Therapeutic Area

14.4.14.5. Market Revenue and Forecast, by Type

14.4.14.6. Market Revenue and Forecast, by Process Flow

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Clinical Trial Phase

14.5.2. Market Revenue and Forecast, by Service Provider

14.5.3. Market Revenue and Forecast, by End User

14.5.4. Market Revenue and Forecast, by Therapeutic Area

14.5.5. Market Revenue and Forecast, by Type

14.5.6. Market Revenue and Forecast, by Process Flow

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Clinical Trial Phase

14.5.7.2. Market Revenue and Forecast, by Service Provider

14.5.7.3. Market Revenue and Forecast, by End User

14.5.7.4. Market Revenue and Forecast, by Therapeutic Area

14.5.8. Market Revenue and Forecast, by Type

14.5.8.1. Market Revenue and Forecast, by Process Flow

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Clinical Trial Phase

14.5.9.2. Market Revenue and Forecast, by Service Provider

14.5.9.3. Market Revenue and Forecast, by End User

14.5.9.4. Market Revenue and Forecast, by Therapeutic Area

14.5.9.5. Market Revenue and Forecast, by Type

14.5.9.6. Market Revenue and Forecast, by Process Flow

Chapter 15. Company Profiles

15.1. ICON Plc

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Pharmaceutical Product Development LLC

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Parexel International Corporation

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. IQVIA

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Quanticate

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. Bioclinica

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Covance Inc.

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Accenture Plc

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. IBM Corporation

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Novartis

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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Frequently Asked Questions

The global pharmacovigilance market size was reached at USD 9.5 billion in 2024 and is predicted to be worth around USD 22.25 billion by 2034.

The global pharmacovigilance market is poised to grow at a CAGR of 8.88% from 2025 to 2034.

The rising prevalence of chronic diseases is expected to propel the market growth. The pharmacovigilance market is growing due to expanding usage of outsourcing services, increasing drug development rates, and rising drug consumption.

The major players operating in the pharmacovigilance market are ICON Plc, Pharmaceutical Product Development LLC, Parexel International Corporation, IQVIA, Quanticate, Bioclinica, Covance Inc., Accenture Plc, IBM Corporation, Novartis.

The North America is the largest segment for pharmacovigilance market in terms of region and will lead in near future.

The Asia-Pacific region is the fastest growing region in the pharmacovigilance market. The region’s growth is also expected to be aided by key market player’s increasing their investment in innovative drug research.

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