Global Veterinary Pharmacovigilance Market Insights 2023, Analysis and Forecast to 2030, By Type, Solution, Product, Animal Type
- Published Date : 17-07-2023
- Pages : 100
- Report Id : 40246
- Categories : Healthcare
This report describes the global market size of veterinary pharmacovigilance market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and it is expected to grow with a CAGR of 14% from 2023 to 2030.
Veterinary pharmacovigilance is the monitoring, assessment, and improvement of the safety of veterinary drugs, with a focus on adverse events in animals and people associated with their use. Increasing approvals of veterinary pharmaceutical products, knowledge of and need for veterinary pharmacovigilance reporting, the requirement for regulatory compliance, and activities by both public and private market participants are some of the major drivers influencing the industry's growth. The EMA's recommendations for veterinary good pharmacovigilance practises took effect in Europe in January 2022. These emphasise continuous signal management, the upkeep of a master pharmacovigilance file by the holder of the marketing authorization, and regulatory pharmacovigilance inspections.
Due to the COVID-19 pandemic and Russia-Ukraine war influence, the global market for veterinary pharmacovigilance market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 14% during the forecast period 2023-2030. North American market for Veterinary Pharmacovigilance Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of XX% during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report covers following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each region are also included such as United States, China, Japan, India, Korea, Germany, France, UK, Italy, Spain, and Brazil etc.
For competitor segment, the report includes global key players of Veterinary Pharmacovigilance Market as well as some small players. The information for each competitor includes:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Type
In-house
Contract Outsourcing
The in-house segment had the largest market share by type in 2022. On the other hand, the contract outsourcing market is projected to expand at a remarkable rate of more than 14.2%. This is brought on by the rise in product approvals, the expansion of the animal health industry, and the outsourcing of pharmacovigilance functions by small and medium-sized animal health enterprises in an effort to save costs and save time. Another important factor driving the market is efforts made by industry participants to expand their product offerings.
For instance, Medfiles added to its veterinary staff by hiring a veterinarian in February 2019. This made it possible for the business to provide an even wider range of services. This included veterinary expertise in its services as well as consulting, training, national and international pharmacovigilance services, marketing authorization applications, and product lifecycle management.
By Solution
Software
Services
In 2022, software solutions led the market, while services are expected to increase at 14.2% CAGR. Electronic reporting systems and pharmacovigilance services to streamline regulatory compliance procedures are driving market shares. In the coming years, market initiatives by corporations should boost growth. Ennov, a market leader, helped a long-term Animal Health customer move its pharmacovigilance activities to a SaaS cloud environment in November 2022.
ArisGlobal, a market leader, purchased Signal Analytics Engine- Benefit-Risk Analytic System (BRASS) from Boehringer Ingelheim in May 2022. Drug safety causative analysis is supported by BRASS software in highly regulated situations. To help organisations process massive safety data volumes, ArisGlobal added it to LifeSphere. Pharmacovigilance and patient safety improved.
By Product
Biologics
Anti-infectives
Others
Anti-infectives dominated the market in 2022 with over 45.3%. Anti-infectives were the most pharmacovigilance-reported products. The French Agency for Food, Environmental, and Occupational Health & Safety (ANSES) 2021 Post-MA surveillance report found that pharmacovigilance reports most often mentioned external parasitics, antimicrobials, internal parasitics, and endectoparasiticides.
Due to increased R&D and veterinary vaccine launches, the biologics segment is expected to grow at over 14.2%. Multiple market players' solutions should boost market growth. Azierta Contract Science Support Consulting provides Vigialzierta-VET pharmacovigilance software, veterinary QPPV support, pharmacovigilance system support, management, and maintenance, signal detection, and other services to animal health customers.
By Animal Type
Dogs
Cats
Others
In 2022, dogs dominated the market with 50.5%. Livestock and horses will expand 15.2% from 2023 to 2030. The expansion is driven by rising animal product consumption, pet population and humanization, animal owner awareness, and regulatory compliance.
According to the 2020 EMA annual bulletin, EudraVigilance Veterinary received 29,474 companion animal product-related adverse event reports in 2019. Dog and cat reports were most common, with 3,228 food-producing animal reports. These reports came mostly from Europe, the U.S., Brazil, Canada, and 54 other nations.
By Region
North America
APAC
Europe
South America
Middle East & Africa
North America dominated the market in 2022 with 40.5%. Veterinary drug regulation is a major factor. The Rational Questionnaire (RQ) in the Safety Reporting Portal (SRP) and the Electronic Submissions System (ESS) allow veterinary medication adverse event submissions to the FDA's Centre for Veterinary Medicine (CVM). FDA can detect safety and effectiveness issues with approved and marketed new animal medicines and product/manufacturing issues by continuously monitoring NADAs and ANADAs.
Asia Pacific is expected to expand at 15.2% CAGR. Animal owners are becoming more aware of animal health and the hazards of veterinary medications. As pet ownership rates climb, more people are seeking high-quality veterinary care for their pets and reporting adverse drug responses.
By Company
ArisGlobal
Accenture
Ennov
Sarjen Systems Pvt. Ltd.
Pharsafer Associates Limited
Knoell
Biologit
Indivirtus
Azierta Contract Science Support Consulting
Oy Medfiles Ltd.
Other Key Players
Please ask for sample pages for full companies list
Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
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TABLE OF CONTENTS
1 REPORT OVERVIEW
1.1 MARKET INTRODUCTION
1.2 KEY MARKET SEGMENTS
1.3 PLAYERS COVERED
1.4 MARKET ANALYSIS BY TYPE
1.4.1 Global Veterinary Pharmacovigilance Market Size Growth Rate by Type (2018-2030)
1.5 MARKET BY SOLUTION
1.5.1 Global Veterinary Pharmacovigilance Market Share by Solution (2018-2030)
1.6 STUDY OBJECTIVES
1.7 YEARS CONSIDERED
2 GLOBAL GROWTH TRENDS
2.1 GLOBAL VETERINARY PHARMACOVIGILANCE MARKET SIZE
2.2 REGULATORY FRAMEWORK
2.3 IMPACT OF COVID-19
2.4 RUSSIA-UKRAINE CRISIS IMPLICATIONS
2.5 INDUSTRY TRENDS
2.5.1 Market Top Trends
2.5.2 Market Drivers
2.5.3 Market Restraints
2.5.4 Market Opportunities
2.5.5 Porter�s Five Forces Analysis
2.5.6 PESTLE Analysis
2.5.7 SWOT Analysis
2.5.8 Opportunity Orbit
2.5.9 Type Roadmap
2.5.10 Go to Market Strategy
3 ANALYSIS OF DATA BY TYPE, SOLUTION
3.1 GLOBAL VETERINARY PHARMACOVIGILANCE MARKET SIZE BY TYPE (2018-2030)
3.2 GLOBAL VETERINARY PHARMACOVIGILANCE MARKET SIZE BY SOLUTION (2018-2030)
4 NORTH AMERICA
4.1 NORTH AMERICA VETERINARY PHARMACOVIGILANCE MARKET (2018-2030)
4.2 NORTH AMERICA VETERINARY PHARMACOVIGILANCE MARKET SIZE BY TYPE
4.3 NORTH AMERICA VETERINARY PHARMACOVIGILANCE MARKET SIZE BY SOLUTION
4.4 NORTH AMERICA VETERINARY PHARMACOVIGILANCE MARKET SIZE BY COUNTRY
5 EUROPE
5.1 EUROPE VETERINARY PHARMACOVIGILANCE MARKET (2018-2030)
5.2 EUROPE VETERINARY PHARMACOVIGILANCE MARKET SIZE BY TYPE
5.3 EUROPE VETERINARY PHARMACOVIGILANCE MARKET SIZE BY SOLUTION
5.4 EUROPE VETERINARY PHARMACOVIGILANCE MARKET SIZE BY COUNTRY
6 ASIA PACIFIC
6.1 ASIA PACIFIC VETERINARY PHARMACOVIGILANCE MARKET (2018-2030)
6.2 ASIA PACIFIC VETERINARY PHARMACOVIGILANCE MARKET SIZE BY TYPE
6.3 ASIA PACIFIC VETERINARY PHARMACOVIGILANCE MARKET SIZE BY SOLUTION
6.4 ASIA PACIFIC VETERINARY PHARMACOVIGILANCE MARKET SIZE BY COUNTRY
7 SOUTH AMERICA
7.1 SOUTH AMERICA VETERINARY PHARMACOVIGILANCE MARKET (2018-2030)
7.2 SOUTH AMERICA VETERINARY PHARMACOVIGILANCE MARKET SIZE BY TYPE
7.3 SOUTH AMERICA VETERINARY PHARMACOVIGILANCE MARKET SIZE BY SOLUTION
7.4 SOUTH AMERICA VETERINARY PHARMACOVIGILANCE MARKET SIZE BY COUNTRY
8 MIDDLE-EAST & AFRICA
8.1 MIDDLE-EAST & AFRICA VETERINARY PHARMACOVIGILANCE MARKET (2018-2030)
8.2 MIDDLE-EAST & AFRICA VETERINARY PHARMACOVIGILANCE MARKET SIZE BY TYPE
8.3 MIDDLE-EAST & AFRICA VETERINARY PHARMACOVIGILANCE MARKET SIZE BY SOLUTION
8.4 MIDDLE-EAST AFRICA VETERINARY PHARMACOVIGILANCE MARKET SIZE BY COUNTRY
9 KEY PLAYERS PROFILES
9.1 ArisGlobal
9.1.1 Company Details
9.1.2 Business Overview
9.1.3 Products & Services
9.1.4 Financial Overview (2018-2030)
9.1.5 Recent Development
9.2 Accenture
9.2.1 Company Details
9.2.2 Business Overview
9.2.3 Products & Services
9.2.4 Financial Overview (2018-2030)
9.2.5 Recent Development
9.3 Ennov
9.3.1 Company Details
9.3.2 Business Overview
9.3.3 Products & Services
9.3.4 Financial Overview (2018-2030)
9.3.5 Recent Development
9.4 Sarjen Systems Pvt. Ltd.
9.5 Pharsafer Associates Limited
9.6 Knoell
9.7 Biologit*
9.8 Indivirtus*
9.9 Azierta Contract Science Support Consulting*
9.10 Oy Medfiles Ltd.*
10 MARKET SHARE BY KEY PLAYERS
10.1 VETERINARY PHARMACOVIGILANCE MARKET SIZE BY PLAYERS
10.1.1 Global Veterinary Pharmacovigilance Revenue by Players (2021)
10.1.2 Global Veterinary Pharmacovigilance Revenue Market Share by Players (2021)
10.2 MOST ADOPTED STRATEGIES
10.3 MOST ACTIVE COMPANIES
10.4 MARKET COMPETITION ANALYSIS
11 APPENDIX
11.1 RESEARCH METHODOLOGY
11.2 PRIMARY RESEARCH
11.3 SECONDARY RESEARCH
11.4 DISCLAIMER
LIST OF TABLES
Table 1. Veterinary Pharmacovigilance Key Players Covered in 2021
Table 2. Global Veterinary Pharmacovigilance Market Size Growth Rate by Type (2018-2030) (Million US$)
Table 3. Global Veterinary Pharmacovigilance Market Size Growth by Solution (2018-2030) (Million US$)
Table 4. Key Trends
Table 5. Key Drivers: Impact Analysis (2018-2030)
Table 6. Key Restraints
Table 7. Global Veterinary Pharmacovigilance Market Size by Type (2018-2030) (Million US$)
Table 8. Global Veterinary Pharmacovigilance Market Size Share by Type (2018-2030)
Table 9. Global Veterinary Pharmacovigilance Market Size Share by Solution (2018-2030)
Table 10. North America Veterinary Pharmacovigilance Market Size Share by Type (2018-2030)
Table 11. North America Veterinary Pharmacovigilance Market Size by Solution (2018-2030) (Million US$)
Table 12. North America Veterinary Pharmacovigilance Market Size Share by Solution (2018-2030)
Table 13. North America Veterinary Pharmacovigilance Market Size by country (2018-2030) (Million US$)
Table 14. North America Veterinary Pharmacovigilance Market Share by country (2018-2030)
Table 15. By Country
Table 16. Europe Veterinary Pharmacovigilance Market Size by Type (2018-2030) (Million US$)
Table 17. Europe Veterinary Pharmacovigilance Market Share by Type (2018-2030)
Table 18. Europe Veterinary Pharmacovigilance Market Size by Solution (2018-2030) (Million US$)
Table 19. Europe Veterinary Pharmacovigilance Market Share by Solution (2018-2030)
Table 20. Europe Veterinary Pharmacovigilance Market Size by country (2018-2030) (Million US$)
Table 21. Europe Veterinary Pharmacovigilance Market share by country (2018-2030)
Table 22. Asia Pacific Veterinary Pharmacovigilance Market Size by Type (2018-2030) (Million US$)
Table 23. Asia Pacific Veterinary Pharmacovigilance Market Share by Type (2018-2030)
Table 24. Asia Pacific Veterinary Pharmacovigilance Market Size by Solution (2018-2030) (Million US$)
Table 25. Asia Pacific Veterinary Pharmacovigilance Market Share by Solution (2018-2030)
Table 26. APAC Veterinary Pharmacovigilance Market Size by country (2018-2030) (Million US$)
Table 27. APAC Veterinary Pharmacovigilance Market share by country (2018-2030)
Table 28. South America Veterinary Pharmacovigilance Market Size by Type (2018-2030) (Million US$)
Table 29. South America Veterinary Pharmacovigilance Market Share by Type (2018-2030)
Table 30. South America Veterinary Pharmacovigilance Market Size by Solution (2018-2030) (Million US$)
Table 31. South America Veterinary Pharmacovigilance Market Share by Solution (2018-2030)
Table 32. South America Veterinary Pharmacovigilance Market Size by country (2018-2030) (Million US$)
Table 33. South America Veterinary Pharmacovigilance Market share by country (2018-2030)
Table 34. The Middle-East & Africa Veterinary Pharmacovigilance Market Size by Type (2018-2030) (Million US$)
Table 35. The Middle-East & Africa Veterinary Pharmacovigilance Market Share by Type (2018-2030)
Table 36. The Middle-East & Africa Veterinary Pharmacovigilance Market Size by Solution (2018-2030) (Million US$)
Table 37. The Middle-East & Africa Veterinary Pharmacovigilance Market Share by Solution (2018-2030)
Table 38. The MEA Veterinary Pharmacovigilance Market Size by country (2018-2030) (Million US$)
Table 39. The MEA Veterinary Pharmacovigilance Market share by country (2018-2030)
Table 40. ArisGlobal Details
Table 41. Business Overview
Table 42. Products & services
Table 43. Financial Overview (2018-2030) (Million US$)
Table 44. Recent Development
Table 45. Accenture Details
Table 46. Business Overview
Table 47. Products & services
Table 48. Financial Overview (2018-2030) (Million US$)
Table 49. Recent Development
Table 50. Ennov Company Details
Table 51. Business Overview
Table 52. Products & services
Table 53. Financial Overview (2018-2030) (Million US$)
Table 54. Recent Development
Table 55. Global Veterinary Pharmacovigilance Revenue by Players (2021) (Million US$)
Table 56. Global Veterinary Pharmacovigilance Market Share by Players (2021)
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LIST OF FIGURES
Figure 1. Global Veterinary Pharmacovigilance Market Share by Type in 2021 & 2028
Figure 2. Global Veterinary Pharmacovigilance Market Share by Solution in 2021 & 2028
Figure 3. Veterinary Pharmacovigilance Report Years Considered
Figure 4. Global Veterinary Pharmacovigilance Market Size and Growth Rate 2018-2030 (Million US$)
Figure 5. Porter's Five Forces Analysis
Figure 6. Global Veterinary Pharmacovigilance Market Size by Type Growth Rate 2018-2030 (Million US$)
Figure 7. Global Veterinary Pharmacovigilance Market Size by Solution Growth Rate 2018-2030 (Million US$)
Figure 8. North America Veterinary Pharmacovigilance Market Size 2018-2030 (Million US$)
Figure 9. Europe Veterinary Pharmacovigilance Market Size 2018-2030 (Million US$)
Figure 10. Asia Pacific Veterinary Pharmacovigilance Market Size 2018-2030 (Million US$)
Figure 11. South America Veterinary Pharmacovigilance Market Size 2018-2030 (Million US$)
Figure 12. The Middle-East & Africa Veterinary Pharmacovigilance Market Size 2018-2030 (Million US$)
Figure 1. ArisGlobal Revenue in (2019-2021)
Figure 2. Revenue Growth Rate (2018-2030)
Figure 3. Revenue Growth Rate in (2018-2030)
Figure 4. Global Veterinary Pharmacovigilance Market Share by Players in 2021
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