Real World Evidence Solutions Market Size Poised to Hit USD 4.33 Billion and Grow at a CAGR of 14.4% by 2030

PRESS RELEASE
Published July 26, 2023

Global Real World Evidence Solutions Market report brings together a detailed study of the present and upcoming opportunities to elucidate the future investment in the HEALTHCARE The report consists of drivers and restraints for the market which are obtained with the help of SWOT analysis, along with their impact on the demand over the forecast period. The market research report endows with the productive ideas which in turn help to make the product more effective and striking in the competitive market. Global Real World Evidence Solutions Market business analysis report speaks in detail about the manufacturing process, type and applications.

Market definition covered in the large scale Global Real World Evidence Solutions Market report explores the market drivers which indicate the factors causing rise in the market growth and market restraints which indicate the factors causing fall in the market growth. This report also studies consumption of market, key players involved, sales, price, revenue and market share with volume and value for each region.

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. 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.

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Market Overview:

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.

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.

Drivers

  • Collaboration and innovations

An industry coalition to innovate and expand the use of RWE promotes market growth. For instance, in May 2021, five companies-Aetion, IQVIA, Flatiron Health, Tempus, and Syapse-joined forces to expand the use of data derived from EHRs, claims, and other sources beyond clinical trials. The coalition will also collaborate with pharmaceutical companies, medical device manufacturers, patient groups, and other key stakeholders to support broader efforts around using RWE, which members say helps developers, regulators, and providers better understand medical product safety and efficacy. These are the certain innovations which propel the growth of market.

  • New product launches

In 2021, the International Society for Pharmacoeconomics and Outcomes Research, a US-based professional society for health economics and outcomes research, stated that the Real-World Evidence Transparency Initiative launched the Real-World Evidence Registry. By launching the RWE registry and establishing a culture of transparency for the analysis and reporting of RWE in healthcare and health research, the Real-World Evidence Transparency Initiative assists in addressing potential concerns with RWE studies.

Recent Developments

  • In 2021, Syneos Health partnered with Aetion to provide a real-world evidence solution that includes analytical-driven data and regulatory-grade data.
  • In 2022, Cegedim acquired Clinityx, a French medical data expert, strengthening its position in Real-World-Data.
  • In 2022, Verantos, the global leader in high-validity real-world evidence (RWE), announced the launch of the Verantos Evidence Platform.

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.)

To Gain More Insights into the Market Analysis, Browse the Summary of the Research Report@  https://www.databridgemarketresearch.com/reports/global-real-world-evidence-solutions-market?Shri

Real World Evidence Solutions Market Scope

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

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Top Key Topics Covered:

  1. Strategic Imperatives
  • Factors Creating Pressure on Growth
  • The Strategic Imperative
  • Growth Opportunities Fuel the Growth Pipeline Engine
  • Research Methodology
  1. Scope and Segmentation
  • Research Context and Scope of Analysis
  • Segmentation
  • Other Techniques for This Research Report Management
  1. Growth Opportunity Analysis
  • Growth Drivers
  • Growth Restraints
  1. Introduction
  • The Impact of the COVID-19 Pandemic and Post
  • Future Growth
  1. Innovation Ecosystem

Continued…

Browse Detailed Summary of Research Report with TOC:  https://www.databridgemarketresearch.com/toc/?dbmr=global-real-world-evidence-solutions-market&Shri

Some of the Most Important Questions Scrutinized in the Business Intelligence Report:

  • What are the key growth parameters for this global market during the forecast period?
  • Which key players are expected to hold the largest market share over the forecast period?
  • Who are the leading vendors and manufacturers in this market?
  • What are the key strategies adopted by leading players in the market for business development and geographical expansion?
  • Which end-use industries can trigger high demand in the market over the forecast period?
  • What are the key segments in this market?
  • Which regional player will have anticipated leading the global market in terms of size?
  • What is the impact of the novel coronavirus pandemic?
  • Which obstacles must new players overcome in order to occupy a major position?

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