The Europe Veterinary Pharmacovigilance Market would witness market growth of 12.7% CAGR during the forecast period (2023-2029).
ADR is one of the biggest causes of animal morbidity in developed and developing countries, significantly burdening healthcare systems. In order to cut costs and operating expenses, top pharmaceutical companies are focusing on outsourcing pharmacovigilance services in poor nations. This will be a chance to reach out to research groups in developing regions to increase revenue share. In addition, multinational manufacturers are redesigning their production methods to better assist the veterinary industry.
These elements are anticipated to increase the market demand for veterinary pharmacovigilance during the coming years. Market participants are expanding R&D operations into developing better veterinary pharmacovigilance programs. In addition, to get a competitive edge, businesses are also adopting strategies like new product launches and mergers and acquisitions.
Over the projection period, there will be a significant increase in the requirement for clinical data management services due to the growing number of ADRs. The main trends driving the market are the rising medication usage and production patterns, the incidence rates of drug toxicity and adverse drug reactions, and the rising innovations in pharmacovigilance outsourcing. In addition, the necessity for frequent drug monitoring has expanded along with medication use, which ultimately drives up the need for veterinary pharmacovigilance.
The UK Veterinary Medicines Regulations 2013 and Volume 9B guidelines, "Pharmacovigilance for Medicinal Products for Veterinary Use," published by the European Commission in the context of (EC) No 726/2004 and Directive 2001/82/EC, serve as the regulatory framework for veterinary pharmacovigilance activities in the UK. The law outlines the roles and obligations of the regulators' pharmacovigilance responsibilities. The robust protection of both human and animal health is ensured by the extensive regulatory framework in existence, which oversees pharmacovigilance efforts. Therefore, with these prominent frameworks, along with the increasing animal population, the region presents lucrative growth opportunities for the market.
The Germany market dominated the Europe Veterinary Pharmacovigilance Market by Country 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $109.1 million by 2029. The UK market is anticipated to grow at a CAGR of 11.8% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 13.5% during (2023 - 2029).
Based on Product, the market is segmented into Anti-infectives, Biologics and Others. Based on Animal Type, the market is segmented into Dogs, Cats and Others. Based on Solution, the market is segmented into Software and Services. Based on Type, the market is segmented into In-house and Contract Outsourcing. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Veterinary Pharmacovigilance Market is Projected to reach USD 1.6 Billion by 2029, at a CAGR of 13.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, ArisGlobal LLC, Ennov SAS, Sarjen Systems Pvt. Ltd., PharSafer Associates Ltd., Knoell Germany GmbH, biologit, Indivirtus Group (Indivirtus Healthcare Services), Oy Medfiles Ltd., and Azierta Life Sciences & Health Consulting Firm S.L.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Anti-infectives
- Biologics
- Others
By Animal Type
By Solution
By Type
- In-house
- Contract Outsourcing
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Accenture PLC
- ArisGlobal LLC
- Ennov SAS
- Sarjen Systems Pvt. Ltd.
- PharSafer Associates Ltd.
- Knoell Germany GmbH
- biologit
- Indivirtus Group (Indivirtus Healthcare Services)
- Oy Medfiles Ltd.
- Azierta Life Sciences & Health Consulting Firm S.L
TABLE 1 Europe Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 2 Europe Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 3 Europe Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 4 Europe Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 5 Europe Anti-infectives Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Anti-infectives Market by Country, 2023 - 2029, USD Million
TABLE 7 Europe Biologics Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Biologics Market by Country, 2023 - 2029, USD Million
TABLE 9 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Others Market by Country, 2023 - 2029, USD Million
TABLE 11 Europe Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 12 Europe Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 13 Europe Dogs Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Dogs Market by Country, 2023 - 2029, USD Million
TABLE 15 Europe Cats Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Cats Market by Country, 2023 - 2029, USD Million
TABLE 17 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Others Market by Country, 2023 - 2029, USD Million
TABLE 19 Europe Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 20 Europe Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 21 Europe Software Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Software Market by Country, 2023 - 2029, USD Million
TABLE 23 Europe Services Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Services Market by Country, 2023 - 2029, USD Million
TABLE 25 Europe Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 26 Europe Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 27 Europe In-house Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe In-house Market by Country, 2023 - 2029, USD Million
TABLE 29 Europe Contract Outsourcing Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Contract Outsourcing Market by Country, 2023 - 2029, USD Million
TABLE 31 Europe Veterinary Pharmacovigilance Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Veterinary Pharmacovigilance Market by Country, 2023 - 2029, USD Million
TABLE 33 Germany Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 34 Germany Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 35 Germany Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 36 Germany Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 37 Germany Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 38 Germany Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 39 Germany Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 40 Germany Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 41 Germany Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 42 Germany Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 43 UK Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 44 UK Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 45 UK Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 46 UK Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 47 UK Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 48 UK Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 49 UK Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 50 UK Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 51 UK Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 52 UK Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 53 France Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 54 France Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 55 France Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 56 France Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 57 France Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 58 France Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 59 France Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 60 France Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 61 France Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 62 France Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 63 Russia Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 64 Russia Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 65 Russia Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 66 Russia Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 67 Russia Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 68 Russia Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 69 Russia Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 70 Russia Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 71 Russia Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 72 Russia Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 73 Spain Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 74 Spain Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 75 Spain Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 76 Spain Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 77 Spain Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 78 Spain Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 79 Spain Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 80 Spain Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 81 Spain Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 82 Spain Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 83 Italy Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 84 Italy Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 85 Italy Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 86 Italy Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 87 Italy Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 88 Italy Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 89 Italy Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 90 Italy Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 91 Italy Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 92 Italy Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 93 Rest of Europe Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 94 Rest of Europe Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 95 Rest of Europe Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 96 Rest of Europe Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 97 Rest of Europe Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 98 Rest of Europe Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 99 Rest of Europe Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 100 Rest of Europe Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 101 Rest of Europe Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 102 Rest of Europe Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 103 Key information – Accenture PLC
TABLE 104 Key Information – ArisGlobal LLC
TABLE 105 Key Information – Ennov SAS
TABLE 106 Key Information – Sarjen Systems Pvt. Ltd.
TABLE 107 Key Information – PharSafer Associates Ltd.
TABLE 108 Key Information – Knoell Germany GmbH
TABLE 109 Key Information – biologit
TABLE 110 Key Information – Indivirtus Group
TABLE 111 Key Information – Oy Medfiles Ltd.
TABLE 112 Key Information – Azierta Life Sciences & Health Consulting Firm S.L
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: Accenture plC