Italy Pharmacovigilance Market Size & Outlook, 2023-2030
Italy pharmacovigilance market, 2018-2030 (US$M)
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Italy pharmacovigilance market highlights
- The Italy pharmacovigilance market generated a revenue of USD 163.5 million in 2023 and is expected to reach USD 276.8 million by 2030.
- The Italy market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, phase 4 was the largest revenue generating product life cycle in 2023.
- Phase 1 is the most lucrative product life cycle segment registering the fastest growth during the forecast period.
Pharmacovigilance market data book summary
| Market revenue in 2023 | USD 163.5 million |
| Market revenue in 2030 | USD 276.8 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Phase 4 |
| Fastest growing segment | Phase 1 |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pre Clinical, Phase 1, Phase 2, Phase 3, Phase 4 |
| Key market players worldwide | Accenture PLC Class A, IQVIA Holdings Inc, Cognizant Technology Solutions Corp Class A, Linical Americas, International Business Machines Corp, Labcorp Holdings Inc, ArisGlobal, Capgemini SE, ITClinical, Icon PLC, TAKE Solutions, PAREXEL, Wipro Ltd ADR, United Biosource Corporation, FMD K&L, BioClinica |
Other key industry trends
- In terms of revenue, Italy accounted for 2.2% of the global pharmacovigilance market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany pharmacovigilance market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 232.0 million by 2030.
Phase 4 was the largest segment with a revenue share of 75.84% in 2023. Horizon Databook has segmented the Italy pharmacovigilance market based on pre clinical, phase 1, phase 2, phase 3, phase 4 covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of a well-established healthcare sector and increased demand for patient-centric studies are some of the factors contributing to the market growth in Italy. In addition, increasing healthcare expenditure, growing investments by public & private sectors in R&D, and rising drug development activities are anticipated to fuel the market growth.
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Pharmacovigilance Market Scope
Pharmacovigilance Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy pharmacovigilance market size, by product life cycle, 2018-2030 (US$M)
Italy Pharmacovigilance Market Outlook Share, 2023 & 2030 (US$M)
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