Pro
Healthcare & Pharma
Africa Corporate Wellness Market, by End User, 2018-2027
| Label | USD Million |
|---|---|
| 2018 | 124.839511147231 USD Million |
| 2019 | 132.370045175239 USD Million |
| 2020 | 140.354971349096 USD Million |
| 2021 | 148.985318205949 USD Million |
| 2022 | 158.146458039887 USD Million |
| 2023 | 168.012086150875 USD Million |
| 2024 | 178.493295276168 USD Million |
| 2025 | 189.628504961174 USD Million |
| 2026 | 201.458533243809 USD Million |
| 2027 | 214.026746435831 USD Million |
| 2028 | 228.70788958011 USD Million |
| 2029 | 244.396096157139 USD Million |
| 2030 | 261.160447235975 USD Million |
| 2031 | 284.222765943726 USD Million |
| 2032 | 309.321650868939 USD Million |
Data Source: Wantstats Repository
Market Dynamics
Pharmacovigilance is the process of monitoring the safety of drugs and other pharmacological agents after they have been placed into the market. As the global pharmaceutical industry continues to grow, more attention is being paid to pharmacovigilance in order to ensure that drugs are safe and effective throughout their lifecycle. In Russia, pharmacovigilance is regulated by the Federal Service for Surveillance in Healthcare and Social Development (Roszdravnadzor). This organization is responsible for taking appropriate action when adverse reactions or events occur with regard to the use of therapeutic products. The majority of adverse events are tracked through the National Register of Adverse Drug Reactions (NAREP). NAREP stores the data sets collected from adverse event reporting (AER) from the healthcare sector and the pharmaceutical industry. AERs must be reported to Roszdravnadzor within 24 hours of the occurrence of the adverse event. Roszdravnadzor is also responsible for evaluating and approving pharmacovigilance plans submitted by pharmaceutical companies before they can place a drug on the Russian market. These plans must include safety surveillance activities, risk minimization measures, and communication of safety information to healthcare professionals.
It is also important for pharmaceutical companies to comply with regulatory requirements for submitting updated periodic safety reports to monitor potential safety issues and evaluate the risk-benefit profile of the drug. In terms of the pharmacovigilance market outlook in Russia, the increasing demand for drugs and the awareness of drug safety is a key driver of the overall market. This is expected to remain a key factor in the growth of the market in the years to come. It is important for the government to continuously improve the regulatory environment in order to ensure safe drugs are available in the market. This will also create a strong market for pharma companies to abide by the pharmacovigilance regulations which will consequently help to ensure the safety of the population.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.