Pharmacovigilance 2021 Latest Trend and Future Scope with Top Key Players
Drug recalls or adverse reactions are getting significant attention of government and non-government organizations due to constant increase in such incidences. For instance, adverse events reported to the U.S. Food and Drug Administration (FDA) has increased by 4-5% of rate during the year 2003-2011.
During the same time frame, death outcomes due to ADRs has increased by 16-17% of rate as per the U.S. FDA data. Increasing incidence of adverse drug reactions with respect to the therapeutics will spur the demand for pharmacovigilance study, leading to drive market growth.