NEW YORK, Feb. 17, 2022 /PRNewswire/ — The Pharmacovigilance market will register an incremental spend of about USD 5.54 Billion, growing at a CAGR of 12.98% during the five-year forecast period. A targeted strategic approach to Pharmacovigilance sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic.
Key Highlights Offered in the Report:
- Information on how to identify strategic and tactical negotiation levels that will help achieve the best prices.
- Gain information on relevant pricing levels, detailed explanation on pros and cons of prevalent pricing models.
- Methods to help engage with the right suppliers and discover KPI’s to evaluate incumbent suppliers.
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Insights Into Supplier Selection and Evaluation:
Profile and service capabilities of the service provider, industry specialization of the service providers, reputation of service providers, and assessment of value-added services are some of the most critical parameters that buyers use to shortlist the suppliers in Pharmacovigilance.
This report evaluates suppliers based on quality and purity test of product samples, production capacity, certifications and accreditations, and geographical presence. In addition, suppliers are also shortlisted based on business needs, technical specifications, operational requirements, security compliance, regulatory mandates, working environment, quality control, sla nuances, acceptance criteria, legal requirements, change management procedures, pricing models, and penalty clauses.
For More Insights on Buyer Strategies and Tactical Negotiation Levers: www.spendedge.com/report/pharmacovigilance-sourcing-and-procurement-intelligence-report
Key Drivers and Trends Fueling Market Growth:
The pressure from substitutes and a moderate level of threat from new entrants has resulted in the low bargaining power of suppliers.
Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects a change of 3.5%-4.2%.
- Identify favorable opportunities in Pharmacovigilance TCO (total cost of ownership).
- Expected changes in price forecast and factors driving the current and future price changes.
- Identify pricing models that offer the most rewarding opportunities.
Some of the Top Pharmacovigilance Market Suppliers Listed in This Report:
This Pharmacovigilance procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
- Accenture Plc
- Laboratory Corp. of America Holdings
- IBM Corp
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Table of Content
- Executive Summary
- Market Insights
- Category Pricing Insights
- Cost-saving Opportunities
- Best Practices
- Category Ecosystem
- Category Management Strategy
- Category Management Enablers
- Suppliers Selection
- Suppliers under Coverage
- US Market Insights
- Category scope
- Appendix
About SpendEdge:
SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.
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Anirban Choudhury
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