Global Cosmetovigilance Market Overview:
The cosmetovigilance market is safety related clinical trial that helps cosmetic industry sectors. There is an increasing environment for the growth of the cosmetovigilance market in Latin America and the Middle East & Africa. This is a new market in the cosmetic industry and expected high potential because recent fashionable trends for the usage of particulate or highly-colored cosmetic ingredients can also generate negative consumer feedback. Some of the key players profiled in the study are Cliantha (India), PharSafer (United Kingdom), FMD K&L (United States), Freyr (United States), OC Vigilance (Spain), MSL Solutions Providers (England), Poseidon CRO (Tunisia), iSafety (India), ZEINCRO (Greece) and AxeRegel (France).
On the basis of geography, the market of Cosmetovigilance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service Providers, the sub-segment i.e. Clinical Research Organizations will boost the Cosmetovigilance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Reported Categories, the sub-segment i.e. Skincare will boost the Cosmetovigilance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Pre-Marketing Services Segment
- Lack Of Awareness Regarding Cosmetovigilance in Emerging And Underdeveloped Countries Is Hampering the Market Growth
- As Cosmetic Products Contains Several Chemical Compounds Which May Not Suit Every Individual, This Resulting Strong Opportunity for Cosmetovigilance Services
Cosmetovigilance Driven By Regulatory Agencies across Countries –, In The US, FDA Cosmetovigilance Monitors The Safety Of Cosmetic Products That Are Being Marketed And Acts On Products That Are Established To Be Harmful To Consumers. and In Japan, Article 7 Of The Ministerial Ordinance On Good Vigilance Practice (GVP) For Drugs, Quasi-Drugs, Cosmetics, And Medical Devices (GVP Ordinance) Stipulates The Obligation Of MAHs To Collect Safety Information And Its Scope.
Players Are Focusing Towards Technology Advancements. As In This Industry There Are Many Cosmetovigilance Software Are Present In The Market. Players Are Adopting Organic And Inorganic Growth Strategies To Enhance Their Global Reach And Enhance Their Market.
Target Audience:Cosmetovigilance Service Provider, End Users, Government Bodies and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Cosmetovigilance market on the basis of product [Pre-Marketing Services, - Clinical Safety Testing, - Document Writing, - Risk Management, Post-Marketing Services, - Case Intake, - Case Triage, - Data Entry & Acquisition and - Tracking And Reporting] , application [Increasing Risks Associated With Use of Cosmetic Products, Increase Demand for Fixation of Skin Irritations and Rashes Caused By Cosmetic Products and Technology Advances in Cosmetovigilance Software], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Cosmetovigilance market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Cosmetovigilance industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Skill Pharma (Italy), ANSM (France) and Martifarm (Croatia).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Cosmetovigilance market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.