The Asia Pacific Veterinary Pharmacovigilance Market would witness market growth of 14.0% CAGR during the forecast period (2023-2029).
Pharmaceutical product transitions from development to use in a larger population, it is crucial to continuously check their safety. With the data gathered, the benefit-risk balance of the veterinary pharmaceutical product can be continuously evaluated concerning its target demographic and during its life cycle. Therefore, establishing a trustworthy pharmacovigilance system promotes the benefit-risk assessment method for licensing and prevents the downsides of a zero-risk approach.
A few of the main drivers of market expansion include the rising number of veterinary pharmaceutical product approvals, awareness of and need for veterinary pharmacovigilance monitoring, the requirement for regulatory compliance, and actions taken by both public and private market participants. The use of cutting-edge technologies like data analytics tools and electronic reporting systems is one of the major developments. These technological advancements make it possible to monitor adverse events and report them more effectively and accurately. They also make it possible to discover potential safety concerns before they worsen.
Animal medicines must be monitored for their immediate and long-term impacts on animals as well as their impact on the environment since they may have a negative or positive impact on the ecosystem. In India, there is a perceived need to monitor how safely medications are administered to animals. In India, dairy products and other goods derived from animals are widely consumed. As a result, the drugs used by humans and the environment to treat animals may have various effects on both. As adverse drug occurrences, especially significant adverse events, after the use of medications in animals must be reported, veterinary pharmacovigilance is crucial. Therefore, the regional market will expand rapidly throughout the forecast period.
The China market dominated the Asia Pacific Veterinary Pharmacovigilance Market by Country 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $118.5 million by 2029. The Japan market is estimated to grow a CAGR of 13.3% during (2023 - 2029). Additionally, The India market would experience a CAGR of 14.7% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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 Asia Pacific Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 3 Asia Pacific Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 5 Asia Pacific Anti-infectives Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Anti-infectives Market by Country, 2023 - 2029, USD Million
TABLE 7 Asia Pacific Biologics Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Biologics Market by Country, 2023 - 2029, USD Million
TABLE 9 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Others Market by Country, 2023 - 2029, USD Million
TABLE 11 Asia Pacific Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 13 Asia Pacific Dogs Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Dogs Market by Country, 2023 - 2029, USD Million
TABLE 15 Asia Pacific Cats Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Cats Market by Country, 2023 - 2029, USD Million
TABLE 17 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Others Market by Country, 2023 - 2029, USD Million
TABLE 19 Asia Pacific Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 21 Asia Pacific Software Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Software Market by Country, 2023 - 2029, USD Million
TABLE 23 Asia Pacific Services Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Services Market by Country, 2023 - 2029, USD Million
TABLE 25 Asia Pacific Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 27 Asia Pacific In-house Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific In-house Market by Country, 2023 - 2029, USD Million
TABLE 29 Asia Pacific Contract Outsourcing Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Contract Outsourcing Market by Country, 2023 - 2029, USD Million
TABLE 31 Asia Pacific Veterinary Pharmacovigilance Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Veterinary Pharmacovigilance Market by Country, 2023 - 2029, USD Million
TABLE 33 China Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 34 China Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 35 China Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 36 China Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 37 China Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 38 China Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 39 China Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 40 China Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 41 China Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 42 China Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 43 Japan Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 44 Japan Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 45 Japan Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 46 Japan Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 47 Japan Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 48 Japan Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 49 Japan Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 50 Japan Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 51 Japan Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 52 Japan Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 53 India Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 54 India Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 55 India Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 56 India Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 57 India Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 58 India Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 59 India Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 60 India Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 61 India Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 62 India Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 63 South Korea Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 64 South Korea Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 65 South Korea Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 66 South Korea Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 67 South Korea Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 68 South Korea Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 69 South Korea Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 70 South Korea Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 71 South Korea Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 72 South Korea Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 73 Singapore Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 74 Singapore Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 75 Singapore Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 76 Singapore Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 77 Singapore Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 78 Singapore Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 79 Singapore Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 80 Singapore Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 81 Singapore Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 82 Singapore Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 83 Malaysia Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 84 Malaysia Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 85 Malaysia Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 86 Malaysia Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 87 Malaysia Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 88 Malaysia Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 89 Malaysia Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 90 Malaysia Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 91 Malaysia Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 92 Malaysia Veterinary Pharmacovigilance Market by Type, 2023 - 2029, USD Million
TABLE 93 Rest of Asia Pacific Veterinary Pharmacovigilance Market, 2019 - 2022, USD Million
TABLE 94 Rest of Asia Pacific Veterinary Pharmacovigilance Market, 2023 - 2029, USD Million
TABLE 95 Rest of Asia Pacific Veterinary Pharmacovigilance Market by Product, 2019 - 2022, USD Million
TABLE 96 Rest of Asia Pacific Veterinary Pharmacovigilance Market by Product, 2023 - 2029, USD Million
TABLE 97 Rest of Asia Pacific Veterinary Pharmacovigilance Market by Animal Type, 2019 - 2022, USD Million
TABLE 98 Rest of Asia Pacific Veterinary Pharmacovigilance Market by Animal Type, 2023 - 2029, USD Million
TABLE 99 Rest of Asia Pacific Veterinary Pharmacovigilance Market by Solution, 2019 - 2022, USD Million
TABLE 100 Rest of Asia Pacific Veterinary Pharmacovigilance Market by Solution, 2023 - 2029, USD Million
TABLE 101 Rest of Asia Pacific Veterinary Pharmacovigilance Market by Type, 2019 - 2022, USD Million
TABLE 102 Rest of Asia Pacific 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