Maximize Market Research's latest report, " Global Cosmetovigilance Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Cosmetovigilance Market was valued at US$ 2.6 Bn in 2019 and is expected to reach US$ 5.1 Bn by 2027, at a CAGR of 8.79% during the forecast period.
Global Cosmetovigilance Market Overview
The increased risk associated with the use of cosmetic products is expected to drive cosmetovigilance industry growth during the forecast period. Cosmetics like skin brightening creams, moisturizers, and skin ointments contain several chemical compounds that may not suit every individual and may generate a certain type of skin reaction resulting in high demand for cosmetovigilance services. In addition, beauty products and shampoos can also cause skin irritations and rashes.
Adverse events are reported against these conditions that prove beneficial for industry growth as it upsurges the demand for fixation of the condition. However, lack of awareness regarding cosmetovigilance in developing and underdeveloped countries will hinder cosmetovigilance market growth in the predictable future.
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Global Cosmetovigilance Market Major Market Players
• Skill Pharma
• FMD K&L
• Poseidon CRO
• MSL Solution Providers
• OC Vigilance.
• PHARMALEX GMBH
• AB Cube
• SGS SA
• Pure Drug Safety
• KMJ pharma sp. z o.o.
• CORONIS Research SA
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Cosmetovigilance Market by Types and Applications:
Global Cosmetovigilance Market, Service Type
• Pre-marketing services
o Clinical safety testing
o Document writing
o Risk management
• Post- marketing services
o Case intake
o Case triage
o Data entry & acquisition
o Tracking and reporting
Global Cosmetovigilance Market, By Reported Categories
• Perfumes and deodorants
• Hair colorants
Global Cosmetovigilance Market, By Service Provider
• Clinical research organizations (CROs)
• Business process outsourcing (BPOs)
Global Cosmetovigilance Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
The report has covered the market size by country (regions) for the global Cosmetovigilance market. Segment by Application. The Cosmetovigilance Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Cosmetovigilance Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Cosmetovigilance Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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