Global Market: The global pharmacovigilance market was valued at approximately USD 7.32 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2030.
India, being the fourth-largest producer of pharmaceuticals globally, has more than 8,000 licensed drug manufacturers and over 60,000 branded formulations. In India, there are over 10,000+ job openings in pharmacovigilance.