The increasing preference of pharmaceutical and biopharmaceutical companies for outsourcing drug safety activities are leading to substantial pharmacovigilance outsourcing market growth. Companies that do not possess in-house pharmacovigilance units are highly dependent on service providers such as contract research organization (CROs) and business process outsourcing (BPOs). Furthermore, drug manufacturers in developed countries are focusing on outsourcing pharmacovigilance services to minimize operational expenses and costs and are thereby able to drive the market expansion. Also, the pharmacovigilance market is striving hard to detect and manage emerging safety risks by incorporating cutting edge technologies to guarantee patient safety, reduce costs, and meet regulatory compliance. Organizations worldwide are implementing artificial intelligence, blockchain, and cloud-based tools to digitize processes and optimize drug safety and development. Besides, there has been a growing range of innovations to better detect the adverse effects of the drugs and help phama leaders to combat the same on time.
To help leaders navigate through the list of pharmacovigilance solutions and services, our panel comprising CEOs, CIOs, VCs, industry analysts, and the editorial board of Pharma Tech Outlook has narrowed down the top solution providers and services companies in this landscape that exhibit competence in delivering robust pharmacovigilance solutions and innovations. Equipped with innovative technological capabilities, these enlisted solution providers and services firms are transforming the pharma paradigm at the cloverleaf of various disruptive technologies. Besides, the magazine comprises insights from subject-matter experts, CIOs, and CXOs in the pharma sector on the latest industry trends, best practices, recent innovations, and highlights their expertise. We hope this issue of Pharma Tech Outlook helps you build the partnership you and your organization need to foster an environment driven by robust and efficient technology. We present to you Pharma Tech Outlook’s “Top 10 Pharmacovigilance Service Companies - 2021”