Kalpana Badgujar’s Post

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Senior Research Consultant

𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐨𝐯𝐢𝐠𝐢𝐥𝐚𝐧𝐜𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐑𝐞𝐚𝐜𝐡𝐢𝐧𝐠 𝐔𝐒$ 𝟐𝟑.𝟑𝟏 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟑 📌 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅𝐬 𝐚𝐭 𝐘𝐨𝐮𝐫 𝐅𝐢𝐧𝐠𝐞𝐫𝐭𝐢𝐩𝐬: https://lnkd.in/gxwz4rky (𝙐𝙨𝙚 𝘾𝙤𝙧𝙥𝙤𝙧𝙖𝙩𝙚 𝙈𝙖𝙞𝙡 𝙄𝙙 𝙛𝙤𝙧 𝙌𝙪𝙞𝙘𝙠 𝙍𝙚𝙨𝙥𝙤𝙣𝙨𝙚) The global pharmacovigilance market is predicted to experience a surge, growing from US$ 6.87 billion in 2023 to US$ 23.31 billion by 2033, according to a recent report by Future Market Insights (FMI). This translates to a remarkable Compound Annual Growth Rate (CAGR) of 13% over the forecast period. 📈 𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐅𝐮𝐞𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐫𝐨𝐰𝐭𝐡: ✔ 𝐑𝐢𝐬𝐢𝐧𝐠 𝐏𝐫𝐞𝐯𝐚𝐥𝐞𝐧𝐜𝐞 𝐨𝐟 𝐂𝐡𝐫𝐨𝐧𝐢𝐜 𝐃𝐢𝐬𝐞𝐚𝐬𝐞𝐬: The increasing incidence of chronic illnesses like diabetes, cancer, and cardiovascular diseases necessitates the development of new pharmaceuticals. This, in turn, fuels the demand for robust pharmacovigilance practices to ensure patient safety. ✔ 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐨𝐟 𝐀𝐝𝐯𝐞𝐫𝐬𝐞 𝐃𝐫𝐮𝐠 𝐑𝐞𝐚𝐜𝐭𝐢𝐨𝐧𝐬 (𝐀𝐃𝐑𝐬): Heightened awareness of ADRs, coupled with increasing patient consumption of medications, propels the need for enhanced pharmacovigilance services. ✔ 𝐒𝐭𝐫𝐢𝐧𝐠𝐞𝐧𝐭 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤𝐬: Stringent regulations mandating thorough drug safety monitoring by pharmaceutical companies and regulatory bodies further drive market expansion. 📌 𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝: ➣AccentureBristol Myers Squibb UK & IrelandClinquest, Inc.Saha Cognizant Technology SolutionsCovance ➣F. Hoffmann-La Roche Ltd ➣GSKICON plciGATE CorporationiMEDGlobal CorporationinVentiv Health #pharmaceutical #pharmacovigilance #chronic #cardiovascular #safety #development #demand #growth #pharma

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