Global Post-Marketing Pharmacovigilance And Medical Information Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Service;
Spontaneous reporting, Intensified ADR reporting, Targeted spontaneous reporting, Cohort event monitoring, and EHR mining.By Product;
Books, Online media, and Journals.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Post-Marketing Pharmacovigilance And Medical Information Market (USD Million), 2021 - 2031
In the year 2024, the Global Post-ing Pharmacovigilance And Medical Information Market was valued at USD 6,797.55 million. The size of this market is expected to increase to USD 16,241.26 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 13.3%.
The Global Post-Marketing Pharmacovigilance and Medical Information Market are witnessing robust growth driven by several factors reshaping the pharmaceutical and healthcare landscape. Post-marketing pharmacovigilance and medical information services play a pivotal role in monitoring the safety and efficacy of drugs and medical devices after they are approved for market authorization. These services are essential for detecting and assessing adverse drug reactions (ADRs), ensuring patient safety, and maintaining regulatory compliance in pharmaceutical and biotechnology industries.
The pharmaceutical industry has experienced significant expansion due to the introduction of novel therapeutics, increasing demand for personalized medicine, and the growing prevalence of chronic diseases worldwide. As a result, there is a heightened focus on pharmacovigilance and medical information services to monitor the real-world safety and effectiveness of drugs and biologics post-launch. Regulatory agencies such as the FDA (Food and Drug Administration) in the United States and the EMA (European Medicines Agency) in Europe mandate stringent pharmacovigilance requirements to safeguard public health and mitigate risks associated with drug-related adverse events.
Advancements in healthcare technology, such as electronic health records (EHRs), data analytics, and artificial intelligence (AI), have revolutionized pharmacovigilance and medical information practices. These technologies enable the efficient collection, analysis, and interpretation of real-world data (RWD) from diverse sources, including electronic medical records, patient registries, social media, and healthcare claims databases. By leveraging big data analytics and machine learning algorithms, pharmacovigilance professionals can identify potential safety signals, conduct risk assessments, and generate actionable insights to support regulatory decision-making and risk management strategies.
The globalization of pharmaceutical supply chains and the increasing complexity of clinical trials necessitate robust pharmacovigilance and medical information systems to ensure compliance with international regulatory requirements and pharmacovigilance guidelines. Pharmaceutical companies are expanding their pharmacovigilance operations and outsourcing pharmacovigilance activities to specialized service providers to enhance efficiency, scalability, and cost-effectiveness. Outsourcing pharmacovigilance services enables companies to access specialized expertise, optimize resource allocation, and focus on core business activities, such as drug development and commercialization.
The Global Post-Marketing Pharmacovigilance and Medical Information Market are experiencing significant growth driven by factors such as the expansion of the pharmaceutical industry, advancements in healthcare technology, and increasing regulatory scrutiny. As the demand for pharmacovigilance and medical information services continues to rise, stakeholders must adapt to evolving regulatory requirements, embrace innovative technologies, and collaborate with strategic partners to ensure the safety and effectiveness of drugs and biologics throughout their lifecycle.
Global Post-Marketing Pharmacovigilance And Medical Information Market Recent Developments
- In June 2024, IQVIA introduced a home clinical technology trial platform, addressing site challenges and reducing workload. This technology enabled sites to streamline recruitment and treatment processes, increasing patient enrollment capacity and concurrent trial management.
- In February 2023, Labcorp announced the formation of Fortrea, a new publicly traded CRO, resulting from the deliberate spin-off of its clinical development business. Fortrea now operates as an independent company, offering comprehensive drug and device development services globally.
Segment Analysis
Pharmacovigilance services constitute a significant segment of the post-marketing pharmacovigilance and medical information market. These services encompass a range of activities aimed at monitoring the safety profile of pharmaceutical products post-launch. Key pharmacovigilance services include adverse event reporting, signal detection, risk management, aggregate reporting, and pharmacovigilance inspections. With the increasing complexity of pharmacovigilance regulations and the growing volume of adverse event data, pharmaceutical companies are outsourcing pharmacovigilance activities to specialized service providers to ensure compliance, enhance operational efficiency, and manage costs.
Medical information services represent another essential segment of the post-marketing pharmacovigilance and medical information market. These services involve providing accurate and timely medical information and support to healthcare professionals, patients, and regulatory authorities regarding pharmaceutical products. Medical information services include responding to inquiries about drug indications, dosage, administration, adverse reactions, drug interactions, and clinical trial information. As pharmaceutical companies expand their product portfolios and geographic presence, the demand for medical information services is increasing, driving the outsourcing of medical information call centers and inquiry handling to third-party vendors.
Regulatory compliance and quality management services are integral to ensuring adherence to pharmacovigilance regulations and industry standards. This segment encompasses activities such as auditing, training, quality assurance, compliance monitoring, and document management. Regulatory agencies, such as the FDA and EMA, require pharmaceutical companies to maintain robust pharmacovigilance and quality management systems to demonstrate compliance with regulatory requirements and ensure the safety, efficacy, and quality of marketed drugs and biologics. Outsourcing regulatory compliance and quality management services enables companies to leverage specialized expertise, mitigate compliance risks, and maintain a strong regulatory standing in the global marketplace.
Risk management and benefit-risk assessment services play a critical role in evaluating and mitigating the risks associated with pharmaceutical products post-launch. These services involve conducting risk assessments, developing risk minimization strategies, and implementing risk management plans to optimize the benefit-risk profile of drugs and biologics. With the increasing emphasis on patient safety and risk mitigation, pharmaceutical companies are investing in risk management and benefit-risk assessment services to proactively identify and address potential safety concerns, enhance regulatory submissions, and improve patient outcomes.
Data analytics and real-world evidence (RWE) services are becoming increasingly important in post-marketing pharmacovigilance and medical information practices. These services leverage advanced analytics, data mining, and machine learning techniques to analyze large volumes of real-world data (RWD) from diverse sources, including electronic health records, claims databases, social media, and wearable devices. By harnessing RWE, pharmaceutical companies can gain insights into drug safety, effectiveness, utilization patterns, and patient outcomes in real-world clinical settings. Outsourcing data analytics and RWE services enables companies to unlock the value of RWD, generate actionable insights, and drive evidence-based decision-making in pharmacovigilance and medical information management.
The segment analysis of the Global Post-Marketing Pharmacovigilance and Medical Information Market highlights key service segments, including pharmacovigilance services, medical information services, regulatory compliance and quality management, risk management and benefit-risk assessment, and data analytics and real-world evidence. These service segments collectively contribute to the growth and evolution of the post-marketing pharmacovigilance and medical information market, supporting pharmaceutical companies in ensuring the safety, efficacy, and quality of marketed drugs and biologics.
Global Post- Marketing Pharmacovigilance And Medical Information Market Analysis
In this report, the Global Post-ing Pharmacovigilance And Medical Information Market has been segmented by Service, Product, and Geography.
Global Post-Marketing Pharmacovigilance And Medical Information Market, Segmentation by Service
The Global Post-Marketing Pharmacovigilance And Medical Information Market has been segmented by Service into Spontaneous reporting, Intensified ADR reporting, Targeted spontaneous reporting, Cohort event monitoring and EHR mining.
The segmentation of the Global Post-Marketing Pharmacovigilance and Medical Information Market by service highlights various approaches and methodologies employed in pharmacovigilance and medical information practices. These services play a crucial role in monitoring the safety and efficacy of pharmaceutical products post-launch and providing accurate medical information to healthcare professionals and patients. Here's a breakdown of the segmentation:
Spontaneous reporting is a cornerstone of pharmacovigilance, involving the voluntary reporting of adverse drug reactions (ADRs) by healthcare professionals, patients, and consumers. Spontaneous reporting systems collect and analyze reports of suspected adverse events associated with pharmaceutical products, enabling the detection of potential safety signals and the assessment of drug safety profiles in real-world clinical practice. These reports are submitted to regulatory authorities, pharmaceutical companies, and pharmacovigilance databases for evaluation and risk assessment.
Intensified ADR reporting involves targeted efforts to enhance the reporting of adverse drug reactions within specific patient populations or therapeutic areas. This approach aims to increase the detection and documentation of ADRs associated with particular drugs or patient groups, often through proactive surveillance and outreach activities. Intensified ADR reporting may include targeted data collection, educational initiatives, and collaboration with healthcare providers to raise awareness of potential safety concerns and encourage reporting of adverse events.
Targeted spontaneous reporting focuses on specific adverse events or patient populations of interest, allowing for more focused surveillance and analysis of drug safety signals. This approach involves the systematic collection and analysis of spontaneous reports related to predefined outcomes or medical conditions, such as drug-induced liver injury, cardiovascular events, or medication errors. Targeted spontaneous reporting enables pharmacovigilance professionals to prioritize resources, identify emerging safety concerns, and implement risk mitigation strategies based on the observed data patterns.
Cohort event monitoring involves the prospective monitoring of adverse events in patients exposed to specific drugs or vaccines within defined populations or cohorts. This approach typically involves the recruitment of cohorts of patients prescribed the medication of interest and the systematic collection of safety data through follow-up assessments and surveillance activities. Cohort event monitoring allows for the detection of rare or delayed adverse reactions, the assessment of drug utilization patterns, and the evaluation of drug safety profiles in real-world clinical settings.
Electronic health record (EHR) mining involves the analysis of electronic medical records, patient registries, and healthcare databases to extract relevant clinical data for pharmacovigilance and medical information purposes. This approach leverages advances in health informatics and data analytics to identify potential safety signals, assess treatment outcomes, and generate real-world evidence on drug safety and effectiveness. EHR mining enables pharmacovigilance professionals to access comprehensive patient information, including demographics, medical history, medication use, and laboratory results, to support pharmacovigilance activities and medical information inquiries.
The segmentation of the Global Post-Marketing Pharmacovigilance and Medical Information Market by service encompasses a range of approaches and methodologies employed in pharmacovigilance and medical information practices, each serving specific purposes in monitoring drug safety, detecting adverse events, and providing accurate medical information to healthcare stakeholders. These services collectively contribute to ensuring the safety, efficacy, and quality of pharmaceutical products throughout their lifecycle.
Global Post-Marketing Pharmacovigilance And Medical Information Market, Segmentation by Product
The Global Post-Marketing Pharmacovigilance And Medical Information Market has been segmented by Product into Books, Online media and Journals.
Books serve as a fundamental resource in the Global Post-Marketing Pharmacovigilance And Medical Information Market, offering comprehensive insights into pharmacovigilance practices, medical information management, drug safety regulations, and related topics. Pharmacovigilance professionals, medical information specialists, healthcare professionals, and regulatory experts rely on books as valuable reference materials for staying updated on industry best practices, regulatory guidelines, and emerging trends in drug safety and medical information management. Books covering pharmacovigilance and medical information topics provide in-depth knowledge and practical guidance on adverse event reporting, risk assessment, signal detection, drug labeling, and other critical aspects of post-marketing surveillance and safety monitoring.
Online media platforms play a pivotal role in disseminating pharmacovigilance and medical information to a global audience in real-time. Websites, blogs, forums, and social media channels serve as key channels for sharing news, updates, educational resources, and expert insights on drug safety, adverse event reporting, regulatory developments, and medical information management. Pharmacovigilance professionals, healthcare professionals, patients, caregivers, and industry stakeholders access online media platforms to stay informed about drug safety alerts, medication recalls, product labeling changes, and other important safety information. Online media platforms facilitate rapid communication, collaboration, and knowledge exchange among pharmacovigilance practitioners, contributing to enhanced patient safety and regulatory compliance in the pharmaceutical industry.
Journals play a vital role in advancing research, innovation, and knowledge dissemination in the field of pharmacovigilance and medical information. Peer-reviewed journals publish original research articles, review papers, case studies, and clinical reports on topics related to drug safety, adverse drug reactions, pharmacovigilance methodologies, medical information practices, and regulatory updates. Pharmacovigilance professionals, medical information specialists, healthcare providers, researchers, and policymakers rely on journals as authoritative sources of scientific evidence and clinical insights to inform clinical practice, regulatory decision-making, and public health policies. Journals serve as platforms for sharing new discoveries, best practices, and evidence-based recommendations to improve drug safety monitoring, patient care, and medication management strategies globally.
The segmentation by product highlights the diverse range of resources and channels utilized in the Global Post-Marketing Pharmacovigilance And Medical Information Market, including books, online media, and journals. These products play complementary roles in providing education, information, and knowledge exchange opportunities to pharmacovigilance professionals, healthcare professionals, patients, regulators, and other stakeholders involved in ensuring the safety, efficacy, and quality of pharmaceutical products worldwide.
Global Post- Marketing Pharmacovigilance And Medical Information Market, Segmentation by Geography
In this report, the Global Post- Marketing Pharmacovigilance And Medical Information Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Post- Marketing Pharmacovigilance And Medical Information Market Share (%), by Geographical Region, 2024
North America typically holds a significant share of the Global Post-Marketing Pharmacovigilance And Medical Information Market, owing to its well-established healthcare infrastructure, stringent regulatory frameworks, and advanced technological capabilities. Countries like the United States and Canada are major contributors to this region's market share, driven by robust pharmacovigilance practices, high healthcare expenditure, and extensive adoption of medical information systems.
Europe is another significant market for post-marketing pharmacovigilance and medical information services, characterized by a strong regulatory environment, widespread adoption of electronic health records (EHRs), and a proactive approach to drug safety monitoring. Countries within the European Union (EU), such as the United Kingdom, Germany, France, and Spain, contribute substantially to the region's market share, supported by initiatives aimed at harmonizing pharmacovigilance regulations and promoting collaboration among regulatory agencies and industry stakeholders.
The Asia Pacific region represents a rapidly growing market for post-marketing pharmacovigilance and medical information services, driven by factors such as increasing healthcare expenditure, rising prevalence of chronic diseases, and growing awareness of patient safety. Countries like China, Japan, India, and Australia are key contributors to the region's market share, with significant investments in healthcare infrastructure, digital health solutions, and pharmacovigilance capabilities. Moreover, the emergence of outsourcing hubs and strategic partnerships with global pharmaceutical companies further propel market growth in the Asia Pacific region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Post- Marketing Pharmacovigilance And Medical Information Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Regulatory requirements
- Increasing drug complexity
- Technological advancements
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Rising healthcare demand -Rising healthcare demand reflects a significant driver propelling growth in the Global Post-Marketing Pharmacovigilance and Medical Information Market. As populations grow and age, the demand for healthcare services increases, leading to a greater need for pharmacovigilance and medical information support. This demand surge is fueled by various factors, including the prevalence of chronic diseases, advancements in medical technology, and expanding access to healthcare services globally. As a result, pharmaceutical companies and regulatory agencies are under pressure to ensure the safety, efficacy, and quality of marketed drugs and biologics, driving the demand for pharmacovigilance and medical information services. Additionally, the growing awareness of patient safety and regulatory compliance further underscores the importance of robust pharmacovigilance and medical information practices in meeting the evolving healthcare needs of patients and healthcare professionals worldwide.
One of the primary drivers of rising healthcare demand is demographic changes, particularly the aging population. As populations age, there is an increased prevalence of chronic diseases and age-related conditions, leading to higher demand for healthcare services, including pharmacovigilance and medical information. Additionally, advancements in medical technology and treatments have contributed to increased life expectancy, further driving the need for ongoing healthcare management and monitoring.
The increasing burden of disease, including communicable diseases, non-communicable diseases, and emerging health threats, has placed significant pressure on healthcare systems worldwide. Pharmacovigilance and medical information play critical roles in monitoring and managing the safety and efficacy of pharmaceutical products used in disease prevention, treatment, and management. As healthcare systems strive to address the growing burden of disease, there is a corresponding need for robust pharmacovigilance and medical information infrastructure to ensure patient safety and optimize healthcare outcomes.
Advancements in healthcare technology, such as electronic health records (EHRs), telemedicine, wearable devices, and digital health platforms, have transformed the way healthcare services are delivered and accessed. These technological innovations have expanded access to healthcare services, facilitated remote monitoring and teleconsultations, and enabled real-time data collection for pharmacovigilance and medical information purposes. As patients and healthcare providers increasingly adopt digital health solutions, there is a growing demand for integrated pharmacovigilance and medical information systems that can leverage technology to improve patient care, enhance medication safety, and support evidence-based decision-making.
Restraints
- Data privacy concerns
- Compliance complexities
- Resource constraints
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Limited expertise -Limited expertise presents a notable restraint in the Global Post-Marketing Pharmacovigilance and Medical Information Market. As the demand for pharmacovigilance and medical information services grows, there is a corresponding need for skilled professionals with expertise in pharmacovigilance regulations, medical coding, adverse event reporting, risk management, and quality assurance. However, the availability of qualified personnel with specialized expertise in pharmacovigilance and medical information may be limited, leading to challenges in recruiting and retaining talent. Moreover, the complexity of pharmacovigilance regulations and the evolving nature of medical information practices require continuous training and professional development to ensure compliance and maintain high-quality standards. The scarcity of expertise in certain regions or specialized areas of pharmacovigilance and medical information may constrain the capacity of pharmaceutical companies and service providers to effectively manage pharmacovigilance activities and meet regulatory requirements, potentially impacting operational efficiency and service delivery. Addressing the issue of limited expertise requires investment in training programs, knowledge sharing initiatives, and talent development strategies to cultivate a skilled workforce capable of addressing the evolving needs of the pharmacovigilance and medical information industry.
Limited expertise presents a significant challenge in the field of pharmacovigilance and medical information, impacting various aspects of healthcare delivery and patient safety.One of the primary consequences of limited expertise is the shortage of skilled professionals in pharmacovigilance and medical information roles. These roles require specialized knowledge in pharmacology, clinical research, regulatory affairs, and information management, among other disciplines. However, there is often a scarcity of qualified professionals with the necessary expertise, leading to challenges in recruiting and retaining talent in pharmacovigilance departments, medical information centers, and regulatory agencies.
Limited expertise can pose compliance risks for healthcare organizations and pharmaceutical companies, particularly concerning pharmacovigilance regulations and reporting requirements. Inadequate understanding of regulatory obligations and best practices in pharmacovigilance and medical information may result in errors in adverse event reporting, delayed signal detection, and non-compliance with regulatory guidelines. Such compliance lapses can have serious consequences, including regulatory sanctions, product recalls, and reputational damage, underscoring the importance of investing in continuous education and training to enhance expertise and ensure regulatory compliance.
Another challenge associated with limited expertise is the potential impact on the quality and reliability of pharmacovigilance data. Pharmacovigilance professionals play a crucial role in assessing the causality, severity, and validity of adverse event reports, as well as identifying safety signals and trends from pharmacovigilance databases. However, without adequate expertise and training, there is a risk of erroneous data interpretation, misclassification of adverse events, and underreporting of safety concerns, compromising the integrity of pharmacovigilance data and hindering efforts to ensure patient safety and public health.
Opportunity
- Emerging markets
- Outsourcing trends
- Digital transformation
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Real-world evidence - Real-world evidence (RWE) represents a significant opportunity in the Global Post-Marketing Pharmacovigilance and Medical Information Market. RWE refers to data collected from real-world settings, such as electronic health records, patient registries, claims databases, and wearable devices, to generate insights into the safety, effectiveness, and utilization of pharmaceutical products in routine clinical practice. With the increasing emphasis on evidence-based decision-making and patient-centered care, RWE has gained prominence as a valuable source of information for assessing drug safety, monitoring treatment outcomes, and informing healthcare decision-makers.
In the context of pharmacovigilance, RWE enables the detection of adverse drug reactions (ADRs) and safety signals in real-world patient populations, complementing data from clinical trials and spontaneous reporting systems. By analyzing large volumes of real-world data, pharmacovigilance professionals can identify potential safety concerns, characterize patient populations at risk, and evaluate the long-term safety profile of drugs and biologics post-launch. RWE also facilitates the assessment of drug effectiveness, treatment patterns, and comparative effectiveness research, supporting evidence-based prescribing decisions and therapeutic optimization.
RWE plays a crucial role in medical information practices by providing insights into drug utilization patterns, treatment adherence, and patient outcomes in diverse clinical settings. Pharmaceutical companies can leverage RWE to enhance medical information services, address inquiries from healthcare professionals and patients, and provide evidence-based information about drug indications, dosages, adverse reactions, and clinical outcomes. By harnessing RWE, medical information professionals can deliver tailored and actionable insights to healthcare stakeholders, supporting clinical decision-making, patient counseling, and pharmacovigilance activities.
Regulatory agencies increasingly recognize the value of RWE in regulatory decision-making and post-market surveillance. Initiatives such as the FDA's Sentinel System and the EMA's EudraVigilance database demonstrate the growing use of RWE to monitor drug safety and effectiveness in real-world populations. Regulatory authorities encourage the incorporation of RWE into pharmacovigilance and medical information practices to supplement traditional sources of evidence and improve the understanding of drug benefits and risks across diverse patient populations.
Competitive Landscape Analysis
Key players in Global Post- Marketing Pharmacovigilance And Medical Information Market include :
- Accenture Plc
- Clinquest Group B.V
- Cognizant Technology Solutions Corporation
- Covance Inc
- Parexel International Corporation
- Pharmaceutical Product Development, Inc
- PRA Health Sciences Inc
- Quintiles
- F. Hoffmann-La Roche Ltd
- Sanofi Aventis
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Service
- Market Snapshot, By Product
- Market Snapshot, By Region
- Global Post-Marketing Pharmacovigilance And Medical Information Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Regulatory requirements
- Increasing drug complexity
- Technological advancements
- Rising healthcare demand
- Restraints
- Data privacy concerns
- Compliance complexities
- Resource constraints
- Limited expertise
- Opportunity
- Emerging markets
- Outsourcing trends
- Digital transformation
- Real-world evidenc
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Post-Marketing Pharmacovigilance And Medical Information Market, By Service, 2021 - 2031 (USD Million)
- Spontaneous reporting
- Intensified ADR reporting
- Targeted spontaneous reporting
- Cohort event monitoring
- EHR mining
- Global Post-Marketing Pharmacovigilance And Medical Information Market, By Product, 2021- 2031 (USD Million)
- Books
- Online media
- Journals
- Global Post-Marketing Pharmacovigilance And Medical Information Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Post-Marketing Pharmacovigilance And Medical Information Market, By Service, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Accenture Plc
- Clinquest Group B.V
- Cognizant Technology Solutions Corporation
- Covance Inc
- Parexel International Corporation
- Pharmaceutical Product Development, Inc
- PRA Health Sciences Inc
- Quintiles
- F. Hoffmann-La Roche Ltd
- Sanofi Aventis
- Company Profiles
- Analyst Views
- Future Outlook of the Market