Global Market: The global pharmacovigilance market was valued at approximately USD 8.9 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2030.
With the rapid expansion of clinical research, increasing drug approvals, and stricter regulatory frameworks, India is witnessing significant growth in the pharmacovigilance industry, creating a strong demand for Drug Safety Physicians (DSPs). It is estimated that there are over 20,000+ job openings in pharmacovigilance roles across pharmaceutical companies, CROs, and healthcare sectors.