The global veterinary pharmacovigilance market size was exhibited at USD 709.8 million in 2022 and is projected to hit around USD 2,520.45 million by 2032, growing at a CAGR of 13.51% during the forecast period 2023 to 2032.
Key Pointers:
Veterinary Pharmacovigilance Market Report Scope
Report Coverage |
Details |
Market Size in 2023 |
USD 805.69 million |
Market Size by 2032 |
USD 2,520.45 million |
Growth Rate From 2023 to 2032 |
CAGR of 13.51% |
Base Year |
2022 |
Forecast Period |
2023 to 2032 |
Segments Covered |
Solution, Product, Type, Animal type |
Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
Key Companies Profiled |
ArisGlobal; Accenture; Ennov; Sarjen Systems Pvt. Ltd.; Pharsafer Associates Limited; Knoell; Biologit; Indivirtus; Azierta Contract Science Support Consulting; Oy Medfiles Ltd. |
The market is driven by several factors, including the increasing incidence of adverse drug reactions in animals, the rising adoption of companion animals, and the growing demand for animal-derived food products. Additionally, the increasing regulatory scrutiny and the need for stringent safety standards have led to the development of new pharmacovigilance technologies and tools. Accenture for instance, offers a range of Veterinary Vigilance services that include ICSR Case Processing , VeDDRA Coding, Signal Detection, Literature Management, EvVetMPD support, and Regulatory Intelligence. Growing industry requirements for aggregate reporting, expedited reporting, and management of signals are expected to propel the market growth in the coming years.
The COVID-19 pandemic has had both negative and positive impacts on the animal health market While it has created challenges, it has also created opportunities for companies to adapt and innovate, and has highlighted the importance of monitoring the safety and efficacy of animal health products in the context of global health crises. This supported the awareness and adoption of veterinary pharmacovigilance solutions. The field is an emerging sector within the animal healthcare market. It involves monitoring the safety and effectiveness of veterinary medicines, vaccines, and other animal health products, and reporting any adverse reactions or incidents that may occur. This information is then used to improve the safety and quality of these products and to protect animal health.With the growing concern for animal welfare and the increasing demand for animal-based food products, the market has gained significant attention in recent years.
Initiatives by key market participants is another factor fueling the market growth. In June 2018, Medfiles opened a new office in Japan to cater to European and Japanese clients with a range of services. These include pharmacovigilance, clinical trials, and analytical services, among others. In February 2022, Ennov, a key market player opened a new office in the U.S. in response to successful growth in the North American market. This expanded the company’s global footprint with a focus on building its pharmacovigilance capabilities. Ennov’s pharmacovigilance offerings include case intake, triage, signal detection and management for customers from human and veterinary life sciences market.
Some of the prominent players in the Veterinary Pharmacovigilance Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Veterinary Pharmacovigilance market.
By Solution
By Product
By Type
By Animal Type
By Region
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Nova one advisor’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.3.5. Details of Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
1.7. Model Details
1.8. List of Secondary Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Insights Snapshot
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage
3.1.1. Parent Market Analysis
3.1.2. Ancillary Market Analysis
3.2. Veterinary Pharmacovigilance Market - Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Increasing demand for Pharmacovigilance reporting
3.2.1.2. Increasing R&D activities and product launches
3.2.1.3. Supportive regulatory pharmacovigilance frameworks in key countries
3.2.1.4. Increasing pet population and humanization
3.2.1.5. Rising demand for animal-based products
3.2.2. Market Restraint Analysis
3.2.2.1. Under-reporting of Adverse Drug Events
3.2.2.2. Lack of Standard Regulations/ Regulatory Oversight in developing countries
3.2.3. Market Opportunity Analysis
3.2.4. Market Challenge Analysis
3.3. Business Environmental Tools Analysis: Veterinary Pharmacovigilance Market
3.3.1. Porter’s Five Forces Analysis
3.3.2. PESTLE Analysis
3.4. Regulatory Landscape
3.5. Covid-19 Impact Analysis
3.6. Estimated Animal Population, by key species & key countries, 2020 to 2022
Chapter 4. Veterinary Pharmacovigilance Market: Solution Estimates & Trend Analysis
4.1. Veterinary Pharmacovigilance Market, By Solution: Key Takeaways
4.2. Veterinary Pharmacovigilance Market: Solution Movement & Market Share Analysis, 2022 & 2032
4.3. Software
4.3.1. Global Software Market Estimates And Forecasts, 2020 - 2032
4.4. Services
4.4.1. Global Services Market Estimates And Forecasts, 2020 - 2032
Chapter 5. Veterinary Pharmacovigilance Market: Type Estimates & Trend Analysis
5.1. Veterinary Pharmacovigilance Market, By Type: Key Takeaways
5.2. Veterinary Pharmacovigilance Market: Type Movement & Market Share Analysis, 2022 & 2032
5.3. In-house
5.3.1. Global In-house Market Estimates And Forecasts, 2020 - 2032
5.4. Contract Outsourcing
5.4.1. Global Contract Outsourcing Market Estimates And Forecasts, 2020 - 2032
Chapter 6. Veterinary Pharmacovigilance Market: Product Estimates & Trend Analysis
6.1. Veterinary Pharmacovigilance Market, by Product: Key Takeaways
6.2. Veterinary Pharmacovigilance Market: Product Movement & Market Share Analysis, 2022 & 2032
6.3. Biologics
6.3.1. Global Biologics Market Estimates And Forecasts, 2020 - 2032
6.4. Anti-infectives
6.4.1. Global Anti-infectives Market Estimates And Forecasts, 2020 - 2032
6.5. Others
6.5.1. Global Other Products Market Estimates And Forecasts, 2020 - 2032
Chapter 7. Veterinary Pharmacovigilance Market: Animal Type Estimates & Trend Analysis
7.1. Veterinary Pharmacovigilance Market, By Animal Type: Key Takeaways
7.2. Veterinary Pharmacovigilance Market: Animal Type Movement & Market Share Analysis, 2022 & 2032
7.3. Dogs
7.3.1. Global Dogs Market Estimates And Forecasts, 2020 - 2032
7.4. Cats
7.4.1. Global Cats Market Estimates And Forecasts, 2020 - 2032
7.5. Other Animal Types
7.5.1. Global Other Animal Types Market Estimates And Forecasts, 2020 - 2032
Chapter 8. Veterinary Pharmacovigilance Market: Regional Estimates & Trend Analysis
8.1. Veterinary Pharmacovigilance Market: Regional Movement Analysis, 2022 & 2032
8.2. North America
8.2.1. North America Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.2.2. U.S.
8.2.2.1. Key Country Dynamics
8.2.2.2. U.S. Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.2.3. Canada
8.2.3.1. Key Country Dynamics
8.2.3.2. Canada Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.3. Europe
8.3.1. Europe Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.3.2. U.K.
8.3.2.1. Key Country Dynamics
8.3.2.2. U.K. Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.3.3. Germany
8.3.3.1. Key Country Dynamics
8.3.3.2. Germany Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.3.4. France
8.3.4.1. Key Country Dynamics
8.3.4.2. France Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.3.5. Italy
8.3.5.1. Key Country Dynamics
8.3.5.2. Italy Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.3.6. Spain
8.3.6.1. Key Country Dynamics
8.3.6.2. Spain Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.4. Asia Pacific
8.4.1. Asia Pacific Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.4.2. Japan
8.4.2.1. Key Country Dynamics
8.4.2.2. Japan Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.4.3. China
8.4.3.1. Key Country Dynamics
8.4.3.2. China Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.4.4. India
8.4.4.1. Key Country Dynamics
8.4.4.2. India Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.4.5. Australia
8.4.5.1. Key Country Dynamics
8.4.5.2. Australia Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.4.6. South Korea
8.4.6.1. Key Country Dynamics
8.4.6.2. South Korea Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.5. Latin America
8.5.1. Latin America Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.5.2. Brazil
8.5.2.1. Key Country Dynamics
8.5.2.2. Brazil Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032 x`
8.6. Middle East & Africa
8.6.1. Middle East & Africa Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.6.2. South Africa
8.6.2.1. Key Country Dynamics
8.6.2.2. South Africa Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
8.6.3. Saudi Arabia
8.6.3.1. Key Country Dynamics
8.6.3.2. Saudi Arabia Veterinary Pharmacovigilance Market Estimates And Forecasts, 2020 - 2032
Chapter 9. Competitive Landscape
9.1. Company Categorization
9.2. Key Company Profiles
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product/ Service Benchmarking
9.2.4. Strategy Mapping
9.2.4.1 ArisGlobal
9.2.4.2 Accenture
9.2.4.3 Ennov
9.2.4.4 Sarjen Systems Pvt. Ltd.
9.2.4.5 Pharsafer Associates Limited
9.2.4.6 Knoell
9.2.4.7 Biologit
9.2.4.8 Indivirtus
9.2.4.9 Azierta Contract Science Support Consulting
9.2.4.10 Oy Medfiles Ltd.
9.3. Company Market Position Analysis
9.4. List of Other Key Market Participants