Drug toxicity can happen as a result of the over-ingestion of medication, causing too much of the drug to be in the human body. With certain medications, drug toxicity can occur as an adverse drug reaction. ADRs can be serious, affecting patient health or even proving fatal. According to the U.S. FDA, around 6.7% of patients experience serious ADRs, with a 0.3% mortality rate. Hospitalization is also increasing due to ADRs. According to the CDC, ADRs cause around 1.3 million emergency department visits each year in the U.S., of which around 35,000 patients are hospitalized immediately after their emergency department visit.

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Pharmacovigilance Market by Size, Share, Forecast, & Trends Analysis

The Pharmacovigilance Market is projected to reach $18.05 billion by 2031 at a CAGR of 10.7% from 2024 to 2031.