Data Bridge Market Research analyses that the Real World Evidence Solutions Market which is USD 1.48 billion in 2022, is expected to reach USD 4.33 billion by 2030, at a CAGR of 14.4% during the forecast period 2023 to 2030.
Industry Analysis
The growing demand for RWE solutions to obtain precise and transparent information about the safety and efficacy of new products. Furthermore, the need for these solutions to detect various reactions, product subpopulation effects, and product value when used by complex and comorbid patients is increasing. This, along with the burgeoning healthcare industry, is propelling market growth. Furthermore, the increasing use of advanced analytics and technological solutions in RWE for clinical development, commercialization, accelerating innovation, and improving healthcare outcomes positively influences the market.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Real-world evidence (RWE) is organized information derived from clinical outcomes or judgments based on real-world data (RWD). RWD uses observational data to gain insights, extrapolate findings, and forecast diseases, medical devices, patient populations, and products. This is a data collection process used by the healthcare sector to make decisions. It gathers information from existing secondary sources, such as databases.
Global Real World Evidence Solutions Market Scope
The real world evidence solutions market is segmented on the basis of component, therapeutic area and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Data Sets
- Clinical Settings Data
- Claims Data
- Pharmacy Data
- Patient-powered Data
- Services
Therapeutic Area
- Oncology
- Cardiovascular Disease
- Neurology
- Immunology
- Others Therapeutic Areas
End User
- Pharmaceutical and Medical Device Companies
- Healthcare Payers
- Healthcare Providers
- Other End Users
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Real World Evidence Solutions Market Regional Analysis/Insights
The real world evidence solutions market is analyzed and market size insights and trends are provided by country, component, therapeutic area and end user as referenced above.
The countries covered in the real world evidence solutions market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the real world evidence solutions market due to a favourable regulatory environment, a well-established pharmaceutical industry, high number of RWE service providers, demand in clinical research activities and increasing research and development expenditure in the region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to the growing incidence of cancer such as bladder, esophagus, liver, pancreas, and others, high presence of major manufacturers across the U.S. Furthermore, technological advancements and rising foreign investment.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Real World Evidence Solutions Market Share Analysis
The real world evidence solutions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to real world evidence solutions market.
Some of the major players operating in the real world evidence solutions market are:
- IBM Corporation (U.S.)
- IQVIA (U.S.)
- Thermo Fisher Scientific Inc. (U.S.)
- Parexel International Corporation (U.S.)
- Optum, Inc. (U.S.)
- PerkinElmer Inc. (U.S.)
- ICON plc (Ireland)
- Oracle (U.S.)
- Cognizant (U.S.)
- Syneos Health (U.S.)
- Anthem Insurance Companies, Inc. (U.S.)
- Clinigen Limited (U.K.)
- SAS Institute Inc. (U.S.)
- Deloitte Touche Tohmatsu Limited (U.K.)
- Quantzig (India)
- Cardinal Health (U.S.)
- AmerisourceBergen Corporation (U.S.)
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Real World Evidence Solutions Market by Product Procedure type
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=global-real-world-evidence-solutions-market
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