Pharmacovigilance Market Set to Witness Surge in Demand over the Forecast Period of 2014-2020
The Pharmacovigilance market is set to see an impressive CAGR (Compound Annual Growth Rate) between 2014 and 2020. This will bring to fore lucrative opportunities of growth and pull up market worth significantly. Factors of growth are multiple but foremost among them are strict government regulations, and robust pipeline of drugs. Moreover, the rising incidences of adverse drug reactions are a major contributor to growth in the market. Also, increase in awareness regarding health are contributing pharmacovigilance market's growth.
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