Strong Regulatory Oversight and AI Advancements Boost Pharmacovigilance Market Growth at 8.8% CAGR
The global Pharmacovigilance Market is on a robust growth trajectory, projected to surge from an estimated USD 9,025.2 million in 2025 to USD 20,977.1 million by 2035, exhibiting a compelling Compound Annual Growth Rate (CAGR) of 8.8% over the forecast period. This significant expansion is primarily fueled by the escalating incidence of adverse drug reactions (ADRs), the increasing global prevalence of chronic diseases, and the continuous growth of the pharmaceutical industry. Driving Forces: Demand for Drug Safety and Technological Integration The intensified demand for effective drug safety monitoring systems has spurred substantial investments in advanced pharmacovigilance solutions. Stringent regulatory requirements worldwide, coupled with the critical need for real-time data analysis, are accelerating the adoption of sophisticated pharmacovigilance practices. A pivotal driver of this market expansion is the seamless integration of artificial intelligence (AI) a...