The entire Pharmacovigilance and Drug Safety Software market has been sub-categorized into functionality, delivery mode, and end-user. current and future demand for Pharmacovigilance and Drug Safety Software market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The major players in the Pharmacovigilance and Drug Safety Software market include ArisGlobal, Ennov Solutions Inc., EXTEDO GmbH, Online Business Applications, Inc., Oracle Corporation.
Automation and digitalization is an increasing trend in every sector, including clinical research. Growing research on new therapies and drugs is augmenting the growth of the market. Infectious life-threatening diseases have a massive effect in terms of mortality and morbidity and oblige substantial economic trouble on affected countries. Currently, available drugs are insufficient for the majority of these diseases, and there is an urgent need for new treatments. From a research start to close out, pharmacovigilance software plays a crucial role in clinical research. This software help reduce the administrative burdens and workloads by consolidating information in a familiar location, supports the trial round by facilitating the cooperation between all the researches. Incorporation of this software dramatically enhances the speed and efficiency in maintaining, planning, performing, managing, and reporting of the research or study data. Pharmacovigilance and Drug Safety Softwares are great tools in the clinical research domain to collect trial data to track study performance, schedule, monitor, and many more. Due to a massive bundle of advantages, it is predicted that more and more clinical research will use this software to grab the benefits that will eventually result in the healthy growth of the market.
By Functionality
- Adverse Event Reporting Software
- Drug Safety Audits Software
- Issue Tracking Software
- Fully Integrated Software
By Delivery Mode
- On-Premise Delivery Mode
- On-Demand/Cloud Based (Saas) Delivery Mode
By End-Users
- Pharma and Biotech Companies
- Contract Research Organizations (CROS)
- Business Process Outsourcing (BPO) Firms
- Other Pharmacovigilance Service Providers
Source: https://www.valuemarketresearch.com/report/pharmacovigilance-and-drug-safety-software-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.