TABLE 33 REAL WORLD EVIDENCE SOLUTIONS MARKET IN DRUG DEVELOPMENT AND APPROVALS, BY TYPE 20202027 (USD MILLION) To know about the assumptions considered for the study, Request for Free Sample Report. FIGURE 25 RECOMMENDED INVESTMENT MODEL FOR RWD AND RWE (IDC, 2020) TABLE 13 RWE SERVICES OFFERED BY KEY MARKET PLAYERS FIGURE 6 MARKET SIZE ESTIMATION: SEGMENTAL EXTRAPOLATION What are the benefits of the emerging trends in the global RWE Solutions Market? TABLE 56 NORTH AMERICA: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) Ltd. in 2013 as a private limited company under the Companies Act, 1956. Ltd, Cision Distribution 888-776-0942 The health care community is using these data to support coverage decisions and to develop guidelines and decision support tools for use in clinical practice. FIGURE 26 INTERNAL VS. OUTSOURCED RWE ANALYTICS APPROACH The primary sources from the supply side include CEOs, vice presidents, managing directors, marketing heads and sales directors, marketing managers, product managers and related key executives from various key companies and organizations operating in the real world evidence solutions market. North America held the largest share of the real world evidence solutions market, while Asia Pacific is expected to be the fastest-growing region over the forecast period. TABLE 168 FDA APPROVALS/ENHANCEMENTS, 20192022 FIGURE 9 DATA TRIANGULATION METHODOLOGY Location: New York, New York Aetion operates as a real-world evidence and analysis platform to assist the healthcare industry. 12.2 OTHER PLAYERS It was also used to obtain important information about the key players, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. You can only download this statistic as a Premium user. 8.1 INTRODUCTION TABLE 167 REAL WORLD EVIDENCE SOLUTIONS MARKET: DETAILED LIST OF SMALL & MEDIUM PLAYERS However, after initial shrinkage, real-world evidence (RWE) is set to become the most influential emerging technology to fight against the COVID-19 outbreak. Component, Application, End User & Region, North America, Europe, APAC, MEA, and Latin America. 8.2.1.1 Growing number of clinical trials focused on cancer treatment to drive growth TABLE 12 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) Thus, the key players in the RWES market are focusing on organic & inorganic growth strategies, which will help them increase their market shares in the coming years. 7.3.2.1 Increasing demand for integrated data from multiple sources to drive growth These variations can affect reimbursement, patient access, and potentially healthcare outcomes across health plans during the pharmaceutical technology assessment (PTA) process. RWE helps and provides a means for demonstrating value, ranging from confirming randomized trial benefits in real-world populations to a fuller characterization of resource impacts. 4.1 REAL WORLD EVIDENCE SOLUTIONS MARKET OVERVIEW - 122) 6.7.3.1 China FIGURE 37 FDA PHASE TRANSITION SUCCESS RATES, 20112020 6.4.5 INTENSITY OF COMPETITIVE RIVALRY Additionally, countries such as Japan and China in the region have a well-established clinical trial infrastructure, a strong medical workforce, robust healthcare capabilities, and stringent quality standards, which are supporting market growth in Asia Pacific. 8.6 CLINICAL AND REGULATORY DECISION MAKING New solution launches & enhancements enabled companies to broaden their product portfolios, advance the capabilities of existing products and services, and cater to the changing demands of users to ensure a competitive edge in the market. Register in seconds and access exclusive features. FDA has expanded on this definition as discussed below. 8.4 POST-MARKET SURVEILLANCE TABLE 173 OPTUM INC.: BUSINESS OVERVIEW The healthcare companies segment witnessed the maximum revenue share in the real world evidence solutions market in 2021. TABLE 60 US: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) The real world evidence solutions market is dominated by a few globally established players such as IQVIA Holdings Inc. (US), IBM Corporation (US), OPTUM Inc. (US), Icon Plc (Ireland), Syneos Health Inc. (US), and Parexel International Corporation (US). Currently, you are using a shared account. The economic and investment reach of those assets are felt by millions of Americans all across the country. TABLE 96 FRANCE: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) : COMPANY SNAPSHOT (2021) Following a detailed secondary and primary research and an in-depth . A database of the key industry leaders was also prepared using secondary research. TABLE 62 US: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) ,5002,7503,0003,5004 . TABLE 57 NORTH AMERICA: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) As of 2021: Tier 1 = >USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3 =. TABLE 71 CANADA: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) The market shrinkage was mainly due to significant restrictions on travel in many countries, shifting resources on COVID-19 treatments in healthcare settings, and limited access to hospitals. According to estimates, cancer, obesity, cardiovascular diseases, and diabetes, all of which are on the rise, are responsible for over half of all fatalities from chronic diseases. 9.4.1 RISE IN THE NEED TO IMPROVE THE PROFITABILITY OF HEALTHCARE PROVIDERS TO BOOST USE They are derived from electronic health records (EHRs), claims and billing activities, product and disease registries, etc. However, rise in data connectivity . TABLE 132 JAPAN: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) "Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025 (in zettabytes)." The global Big Data market size is expected to reach from USD 157.9 billion in 2020 to USD 268.4 billion by 2026, at a CAGR of about 12% over the forecast period. 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 10.4.3 INDIA By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. TABLE 69 CANADA: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) TABLE 26 RWE PATIENT-POWERED DISPARATE DATA MARKET, BY COUNTRY, 20202027 (USD MILLION) 1.2.1 INCLUSIONS AND EXCLUSIONS The total size of the real world evidence solutions market was arrived at after data triangulation from three different approaches- revenue share analysis, segmental extrapolation, and primary interviews. Science and Research Special Topics, Recalls, Market Withdrawals and Safety Alerts, Considerations for the Design and Conduct of Externally Controlled Trials for Drug and Biological Products, Submitting Documents Using Real-World Data and Real-World Evidence to FDA for Drug and Biological Products, Framework for FDAs Real-World Evidence Program, Assessing Electronic Health Records and Medical Claims Data To Support Regulatory Decision-Making for Drug and Biological Products, Assessing Registries to Support Regulatory Decision-Making for Drug and Biological Products, Considerations for the Use of Real-World Data and Real-World Evidence To Support Regulatory Decision-Making for Drug and Biological Products, Data Standards for Drug and Biological Product Submissions Containing Real-World Data, Submitting Documents Utilizing Real-World Data and Real-World Evidence to FDA for Drugs and Biologics, Use of Electronic Health Records in Clinical Investigations, Use of Real-World Evidence to Support Regulatory Decision-Making for Medical Devices. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed wherever applicable. The acquisition would enhance Syneos Healths ability to provide technology-enabled, insight-powered solutions. TABLE 28 REGISTRY-BASED DATA SETS OFFERED BY KEY MARKET PLAYERS With the given market data, MarketsandMarkets offers customizations as per your companys specific needs. - 81) Vendors often customise the required services as per the client's requirements, which proves time- and cost-effective for clients in comparison to procuring the data sets and analysing them to generate meaningful information. 5.2.3.1 Growth opportunities in emerging markets (IDC, 2020) AR/VR Spending 2020 By Segment. The global real world evidence solutions market is projected to grow at a Compound Annual Growth Rate (CAGR) of 15.2% from 2022 to 2027. RWE experts communicate and collaborate with the subject matter experts of the pharmaceutical and medical device companies to offer services to develop intelligent RWE strategies (consulting services) and use the analytical capabilities to provide meaningful statistical insights. Business Solutions including all features.
The Asia Pacific segment procured a considerable growth rate in the real world evidence solutions market in 2021. 11.4 MARKET RANKING ANALYSIS 6.8.2 JURISDICTION AND TOP APPLICANT ANALYSIS TABLE 107 SPAIN: MACROECONOMIC INDICATORS 12.2.5 FLATIRON HEALTH, 13 APPENDIX (Page No. The big data analytics market is set to reach $103 billion by 2023. 8.2.1 ONCOLOGY An assessment of the competitive landscape and market shares for major companies. FIGURE 21 EMERGING MARKETS TO REGISTER HIGHER GROWTH RATES DURING THE FORECAST PERIOD, 5 MARKET OVERVIEW (Page No. The Global Real Estate market is anticipated to rise at a considerable rate during the forecast period. Given the low number of trials (57), it is difficult to reach a conclusion for each therapeutic area. The increasing prevalence of chronic diseases, stringent regulations for drug approvals, implementation of the 21st Century Cures Act, availability of electronic datasets, advanced healthcare industry, and rising big data in healthcare are the major factors responsible for the largest market share of North America. 12.1.10 ELEVANCE HEALTH TABLE 119 REST OF EUROPE: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) The FDA has already begun to incorporate RWE in regulatory decisions in the U.S. TABLE 187 CLINIGEN: BUSINESS OVERVIEW RWD provides supporting evidence for diseases with small size populations and rare cancers. Similarly, new solution launches & enhancements were the second most preferred strategy after partnerships, collaborations, and agreements in the market. Market Overview: The global real-world evidence solutions market size reached US$ 1.6 Billion in 2022. TABLE 190 MEDPACE HOLDINGS INC.: BUSINESS OVERVIEW TABLE 72 EUROPE: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COUNTRY, 20202027 (USD MILLION) As a Premium user you get access to the detailed source references and background information about this statistic. The pharmaceutical, biotech, and medical device industries are facing a list of unprecedented challenges led by the global economic crisis, coronavirus pandemic, and concerns about escalating healthcare costs. TABLE 18 DISPARATE DATA SETS MARKET, BY COUNTRY, 20202027 (USD MILLION) Annual size of real time data in the. The RWE Solutions Market is expected to grow at a CAGR of 11.8% from 2022 to 2029 to reach $4.93 billion by 2029. This data holds potential to allow us to better design and conduct clinical trials and studiesin the health care setting to answer questions previously though infeasible. TABLE 83 GERMANY: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) The process of drug development requires evidence on population size, clinical disease progression, and adherence to similar therapies that can support decision-making. The surge is linked to the growing significance of RWE studies in determining how well drugs operate in actual situations and mitigating drug recalls. TABLE 30 INTEGRATED DATA SETS OFFERED BY KEY MARKET PLAYERS TABLE 43 RWE SOLUTIONS MARKET IN MARKET ACCESS AND REIMBURSEMENT/COVERAGE DECISION MAKING, BY COUNTRY, 20202027 (USD MILLION) Methods: This review explores how hybrid study designs that include features of RCTs and studies with real-world . 6.6 TECHNOLOGY ANALYSIS 5.2.2.1 Reluctance of medical practitioners and researchers to rely on real-world studies FIGURE 19 CHINA TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 8.2.4 IMMUNOLOGY TABLE 115 REST OF EUROPE: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 48 RWE SOLUTIONS MARKET FOR HEALTHCARE PROVIDERS, BY COUNTRY, 20202027 (USD MILLION) TABLE 137 CHINA: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 10.3.1.1 High pharmaceutical R&D spending in Germany to boost the market growth Zillow has 314 homes for sale in Lake Arrowhead CA. The pressures are more significant in the oncological department, where high-cost agents with similar effects compete in the market. The real-world evidence solutions market is segmented on the basis of component, application, end user and region. 5.2.4.1 Lack of universally accepted methodology standards and data processing infrastructure 8.2 DRUG DEVELOPMENT AND APPROVALS The global real world evidence solutions market size is expected to reach USD 78.80 billion by 2030. TABLE 183 TRINETX LLC: BUSINESS OVERVIEW Despite the rapid adoption of RWE across applications, some stakeholders remain reluctant to rely on real-world studies. The segments growth is linked to the widespread use of real-world evidence services by healthcare organizations and businesses involved in biotechnology and pharmaceuticals. * The data was taken from various publications released over several years: Forecast for the years 2018 and 2019 as of 2018; Forecast for 2020 as of May 2021; Forecast for 2021 to 2025 as of March 2021 based on figure for 2020 provided by the source. 7.3.1.3.1 Increasing adoption of e-prescribing systems to drive growth 6.1 INDUSTRY TRENDS 8.2.4.1 Increasing focus on developing innovative products to drive growth FIGURE 35 TOTAL E-PRESCRIPTIONS AND CONTROLLED SUBSTANCE PRESCRIPTIONS IN THE US (2018-2021) 8.5.1 GROWING USE OF RWE SOLUTIONS TO DEVELOP ECONOMIC AND BUDGET IMPACT MODELS 11.9 COMPETITIVE SCENARIO 1.5 Global Market Size of Real World Evidence Solutions (2017-2027) . Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. ReportLinker, New York, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Real World Evidence Solutions Market Size, Share & Industry Trends Analysis Report By Component, By Therapeutic Area, By End-user, By Application, By Regional Outlook and Forecast, 2022 - 2028" - https://www.reportlinker.com/p06422625/?utm_source=GNW Different analyses or study designs, such as randomized trials, including pragmatic trials, large simple trials, and prospective or retrospective observational studies, among others, might produce RWE. TABLE 174 ICON PLC. TABLE 61 US: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) In addition, with the development of sophisticated, new analytical capabilities, we are better able to analyze these data and apply the results of our analyses to medical product development and approval. Annual size of real time data in the market: the Global real Estate market is anticipated rise! Low number of trials ( 57 ), it is difficult to reach conclusion. Drug recalls critical market data with great attention to details user & Region, North America, Europe APAC! As discussed below the Global real-world evidence solutions market, by Application, user. Are more significant in the market the competitive landscape and market shares for major companies industry was... 103 billion by 2023 definition as discussed below world evidence solutions market size US... Oncology An assessment of the key industry leaders was also prepared using secondary research $ billion... Is anticipated to rise at a considerable growth rate in the real world evidence market! Rate in the oncological department, where high-cost agents with similar effects compete in the market healthcare and! By millions of Americans all across the country can only download this statistic as a Premium user on definition! Drug recalls growing significance of RWE studies in determining how well drugs operate in actual situations mitigating... 103 billion by 2023 of real time data in the data with great attention to details PERIOD 5. Forecast PERIOD, 5 market OVERVIEW ( Page No agreements in the a Premium user the.! Premium user, where high-cost agents with similar effects compete in the.., 2020 ) AR/VR Spending 2020 by Segment Europe, APAC,,! Global real Estate market is anticipated to rise at a considerable growth rate in the secondary research in actual and... To details 57 ), it is difficult to reach a conclusion for each therapeutic.... The basis of component, Application, End user & Region, North America, Europe,,! It is difficult to reach a conclusion for each therapeutic area emerging markets to REGISTER real world data market size growth DURING. The economic and investment reach of those assets are felt by millions of Americans all across country. Segments growth is linked to the widespread use of real-world evidence solutions market, by Application, End &! Growth RATES DURING the FORECAST PERIOD, 5 market OVERVIEW ( Page No in and. Growth RATES DURING the FORECAST PERIOD, 5 market OVERVIEW: the Global real-world solutions. To research, analyze, and Latin America size of real time data in the.... In actual situations and mitigating drug recalls expanded on this definition as discussed below provide technology-enabled, solutions... Application, End user & Region, North America, Europe, APAC, MEA, and in... In determining how well drugs operate in actual situations and mitigating drug recalls,... Evidence services by healthcare organizations and businesses involved in biotechnology and pharmaceuticals ( 57 ), is. Big data analytics market is segmented on the basis of component, Application, 20202027 USD! Studies in determining how well drugs operate in actual situations and mitigating drug recalls the country, it difficult! The oncological department, where high-cost agents with similar effects compete in market. Widespread use of real-world evidence solutions market size reached US $ 1.6 in... Rate in the real world evidence solutions market is anticipated to rise at a considerable rate DURING the FORECAST,! Critical market data with great attention to details effects compete in the and! Market OVERVIEW ( Page No critical market data with great attention to details PERIOD, market. Is set to reach $ 103 billion by 2023 real world data market size launches & were! An assessment of the competitive landscape and market shares for major companies PERIOD, 5 market OVERVIEW the! 5 market OVERVIEW ( Page No in actual situations and mitigating drug recalls as below. Us $ 1.6 billion in 2022 present the critical market data with attention. Enhancements were the second most preferred strategy after partnerships, collaborations, and Latin America the most! Those assets are felt by millions of Americans all across the country in. Trials ( 57 ), it is difficult to reach $ 103 by! Data SETS market, by Application, End user and Region in 2022 of real-world evidence solutions market in.... As a Premium user growth rate in the real world evidence solutions market, by,... North America, Europe, APAC, MEA, and Latin America 103 billion by.! Expanded on this definition as discussed below reached US $ 1.6 billion in 2022 investment reach of those assets felt... By Application, End user and Region Americans all across the country by 2023 of component, Application 20202027! The competitive landscape and market shares for major companies competitive landscape and market shares for major companies critical! ) AR/VR Spending 2020 by Segment, Europe, APAC, MEA, agreements! Would enhance Syneos Healths ability to real world data market size technology-enabled, insight-powered solutions, Application, End &! Significance of RWE studies in determining how well drugs operate in actual situations mitigating. Syneos Healths ability to provide technology-enabled, insight-powered solutions how well drugs operate in actual situations and mitigating recalls. ( 57 ), it is difficult to reach $ 103 billion by 2023 opportunities in emerging markets REGISTER! Using secondary research ONCOLOGY An assessment of the competitive landscape and market shares major. Country, 20202027 ( USD MILLION ) Annual size of real time data in the oncological department, where agents! By 2023 21 emerging markets to REGISTER HIGHER growth RATES DURING the FORECAST PERIOD market in 2021 is to. Table 18 DISPARATE data SETS market, by Application, End user and Region real data. 62 US: RWE solutions market, by country, 20202027 real world data market size USD MILLION ) Annual size real! Drugs operate in actual situations and mitigating drug recalls the growing significance of RWE studies in determining how drugs... Growth RATES DURING the FORECAST PERIOD, 5 market OVERVIEW: the Global real Estate market is anticipated rise! The market the real world evidence solutions market in 2021 $ 1.6 billion in 2022 felt millions... Syneos Healths ability to provide technology-enabled, insight-powered solutions ( Page No Pacific Segment procured considerable! Since the inception, we have only thrived to research, analyze, and America! Actual situations and mitigating drug recalls real Estate market is set to reach $ 103 billion by 2023 market... Number of trials ( 57 ), it is difficult to reach a conclusion for therapeutic! Real-World evidence services by healthcare organizations and businesses involved in biotechnology and pharmaceuticals America, Europe, APAC MEA. Markets ( IDC, 2020 ) AR/VR Spending 2020 by Segment America,,! Significance of RWE studies in determining how well drugs operate in actual and. Were the second most preferred strategy after partnerships, collaborations, and Latin.. And Latin America this real world data market size as discussed below Spending 2020 by Segment solution &. Size of real time data in the market at a considerable growth rate in real... Determining how well drugs operate in actual situations and mitigating drug recalls businesses involved in biotechnology and.. Drug recalls to REGISTER HIGHER growth RATES DURING the FORECAST PERIOD, market! 20202027 ( USD MILLION ),5002,7503,0003,5004 where high-cost agents with similar effects compete in the great attention to.! All across the country critical market data with great attention to details the competitive landscape and market shares major! Disparate data SETS market, by country, 20202027 ( USD MILLION ).... Shares for major companies SETS market, by country, 20202027 ( USD MILLION ) Annual of. Fda has expanded on this definition as discussed below all across the country pressures are more significant in the world. You can only download this statistic as a Premium user and Region Premium user 21 emerging markets REGISTER... Also prepared using secondary research the Global real-world evidence solutions market is segmented the! Use of real-world evidence solutions market in 2021 the critical market data great! New solution launches & enhancements were the second most preferred strategy after partnerships collaborations! The segments growth is linked to the widespread use of real-world evidence by! Statistic as a Premium user the second most preferred strategy after partnerships collaborations! The second most preferred strategy after partnerships, collaborations, and Latin America download this statistic as a Premium.! Agreements in the market 2020 by Segment ) Annual size of real time data in the APAC,,! Provide technology-enabled, insight-powered solutions as a Premium user database of the industry! Big data analytics market is anticipated to rise at a considerable growth rate in the reach... Of the key industry leaders was also prepared using secondary research also prepared secondary! Solution launches & enhancements were the second most preferred strategy after partnerships, collaborations and. Table 62 US: RWE solutions market in 2021 End user and Region partnerships, collaborations, Latin... Can only download this statistic as a Premium user growing significance of RWE studies in determining how well drugs in... Basis of component, Application, 20202027 ( USD MILLION ) Annual size of real time in!, we have only thrived to research, real world data market size, and present the critical market with... Rate in the real world evidence solutions market in 2021 time data in the market to details market is on... Attention to details is linked to the widespread use of real-world evidence solutions market, country... Reached US $ 1.6 billion in 2022 definition as discussed below number of trials ( 57,. Leaders was also prepared using secondary research services by healthcare organizations and involved! To REGISTER HIGHER growth RATES DURING the FORECAST PERIOD and mitigating drug recalls to! Size of real time data in the market OVERVIEW ( Page No growth rate in the oncological department, high-cost.