The top five markets in 2020 were: United States ($15.1 billion), China ($6.3 billion), Germany ($5.7 billion), Japan ($4.2 billion) and France ($2.7 billion). 8.6.1 LIMITED VALIDITY OF RANDOMIZED CONTROLLED TRIALS DRIVING THE USE OF RWE SOLUTIONS IN THE SEGMENT In addition, both companies would be able to accelerate product development in order to ensure efficiencies in patient recruitment, engagement, access, and diversity.Sep-2021: IQVIA joined hands with HealthCore, a U.S based real-world research organization, to advance its studies regarding real-world evidence efficiently. 10.6.1 GROWING AVAILABILITY OF HEALTHCARE FUNDING IN THE MIDDLE EAST OFFERS OPPORTUNITIES FOR MARKET GROWTH 12.1.6 PAREXEL INTERNATIONAL CORPORATION Real-world evidence (RWE) is clinical evidence gathered via RWD analysis on the use and potential benefits or risks of a medical product. In 2020, every person generated 1.7 megabytes in just a second. TABLE 26 RWE PATIENT-POWERED DISPARATE DATA MARKET, BY COUNTRY, 20202027 (USD MILLION) 7500+ companies worldwide approach us every year for their revenue growth initiatives. 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. FIGURE 60 MEDPCE HOLDINGS INC.: COMPANY SNAPSHOT (2021) When typing in this field, a list of search results will appear and be automatically updated as you type. This insight, in clinical settings, can be gained by combining data from randomized controlled trials with evidence from real-world settings.Regional OutlookBased on Region, the Real World Evidence Solutions Market is segmented into North America, Europe, Asia Pacific, and LAMEA. TABLE 101 ITALY: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 1.2 MARKET DEFINITION RWD provides supporting evidence for diseases with small size populations and rare cancers. TABLE 190 MEDPACE HOLDINGS INC.: BUSINESS OVERVIEW Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Pharmaceutical companies have been looking for new ways to provide the best treatments for patients. Pharma data analyses extract insights, inform new strategies and provide KPI tracking. June 7, 2021. 10.3.5 SPAIN In 2021, the real-world datasets segment accounted for the larger share of the overall real-world evidence solutions market. According to Prudent Markets, Global Real World Evidence/RWE Solutions Market Size was projected at USD 40.1 billion in 2021, and is expected to increase at a CAGR of 7.8% from 2022 to 2028 . An official website of the United States government, : 12.1.19 VERANTOS INC. The global real world evidence solutions market in terms of revenue was estimated to be worth $1.5 billion in 2022 and is poised to reach $2.9 billion by 2027, growing at a CAGR of 15.2% from 2022 to 2027. Following a detailed secondary and primary research and an in-depth . TABLE 25 PATIENT-POWERED DATA SETS OFFERED BY KEY MARKET PLAYERS TABLE 88 UK: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) Real-world evidence (RWE) is clinical evidence gathered via real-world data (RWD) analysis on a medical product's use and potential benefits or risks. The listing agent for these homes has added a Coming Soon note to alert buyers in advance. TABLE 120 ASIA PACIFIC: RWE MARKET, BY COUNTRY, 20202027 (USD MILLION) FIGURE 15 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 2022 VS. 2027 (USD MILLION) FIGURE 57 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION: COMPANY SNAPSHOT (2021) Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. TABLE 47 RWE SOLUTIONS MARKET FOR HEALTHCARE PAYERS, BY COUNTRY, 20202027 (USD MILLION) TABLE 100 ITALY: MACROECONOMIC INDICATORS - 81) 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. TOP-LEVEL FINDINGS. 10.4.4 REST OF ASIA PACIFIC Click Manage settings for more information and to manage your choices. TABLE 188 CEGEDIM HEALTH DATA: BUSINESS OVERVIEW 7.2.1 RISING NEED TO CONVERT DATA INTO ACTIONABLE EVIDENCE TO DRIVE DEMAND The global real estate market was valued at $28,917.7 billion in 2021, and is projected to reach $4,923.3 billion by 2031, registering a CAGR of 5.3% from 2022 to 2031. Using RWE and RWD can inform better protocol design, thereby reducing the number of costly protocol amendments, and can enable the creation of synthetic control arms to accelerate trial execution and decrease overall costs. TABLE 157 LATIN AMERICA: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) 10.2.2 CANADA 12.2 OTHER PLAYERS 6.2 REAL-WORLD DATA SOURCES Real-world data are the data relating to patient health status and/or the delivery of health care routinely collected from a variety of sources. 8.2.1.1 Growing number of clinical trials focused on cancer treatment to drive growth In December 2021, TriNetX LLC announced the launch of Diversity Lens, an analytic feature that enables healthcare and life sciences organizations to make use of real-world data to comprehend and address racial and ethnic differences in clinical trial patient participation. 11.7.4 PARTICIPANTS 6.4.2 BARGAINING POWER OF SUPPLIERS GWI projects that spa revenues will recover quickly to pre-pandemic levels and will reach $151 billion in 2025. 6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS The 21st Century Cures Act helped accelerate medical product development and brought innovations, and expanded the role of real-world evidence in the U.S. Pharmaceutical and biopharmaceutical businesses are choosing fully functional or integrated outsourcing services from the early development phase to the late-stage development phase to meet the requirements for drug development and discovery due to their increasing R&D spending. Access for both B2C and B2B travel booking engines. 11.6 COMPANY FOOTPRINT RWE can assist and advance several processes, including determining which patient group will benefit from an intervention the most, assisting with regulatory approvals and completing data from randomized controlled trials, and assisting with reimbursement efforts and expanding usage indications.Therapeutic Area OutlookBased on Therapeutic Area, the Real World Evidence Solutions Market is segmented into Oncology, Cardiology, Neurology, Diabetes, Respiratory, and Others. Further, with the spread of the COVID-19 pandemic, immediate and long-term consequences have been both for people and health systems worldwide. The real-world data (RWD) market is expected to grow at a CAGR of 7.4% from 2022 to 2029 to reach $1.66 billion by 2029. TABLE 144 INDIA: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 91 UK: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. TABLE 173 OPTUM INC.: BUSINESS OVERVIEW FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY-SIDE): BY COMPANY TYPE, DESIGNATION, AND REGION 5.2.2 RESTRAINTS TABLE 80 GERMANY: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) ReportLinker Global Real World Evidence Solutions Market Size, Share & Trends Analysis Report by Component (Services, Data Sets), by Application, by End-user, by . 80% of fortune 2000 companies rely on our research to identify new revenue sources. R&D is particularly important in the pharmaceutical industry. 6.1.1 EMERGING ROLE OF WEARABLE DEVICES Our real world data product includes more than 300 million longitudinal covered lives, 2 million healthcare providers and 98% of payers in the United States, with visibility into more than 120 million linked claims and electronic health records (EHR). Feb 03, 2023 (The Expresswire) -- Platinum Catalyst Market Size is projected to Reach Multimillion USD by 2029, In comparison to 2022, at unexpected CAGR during the forecast Period 2023-2029 . TABLE 50 RWE SOLUTIONS MARKET, BY REGION, 20202027 (USD MILLION) This is because pharmaceuticals and biotech companies are becoming more aware of the potential value of RWE in life-cycle management and drug development, as well as how it can lower the cost of clinical trials and boost innovation efficiency.COVID-19 Impact AnalysisThe infectious coronavirus could economically impact most industries, including the pharmaceutical sector. FIGURE 31 JURISDICTION ANALYSIS: TOP APPLICANT COUNTRIES FOR RWE SOLUTIONS, 20162021 FIGURE 34 ADOPTION OF EHR BY HOSPITAL SERVICE TYPE, 2019-2021 The site is secure. Annual size of real time data in the. The drug development and approvals segment dominates owing to an increasing number of clinical trials, specifically in the field of oncology and cardiovascular therapeutics. 2.1.2.2 Insights from primary experts 2023 MarketsandMarkets Research Private Ltd. All rights reserved, Published Date: Nov2022 | Report Code: HIT 6444, Communication and Connectivity Technology, Coatings Adhesives Sealants and Elastomers, Automotive Electronics and Electrical Equipment, Construction Technology and Sustainability, Get market data points, ranging from trend analyses to market data, Artificial Intelligence in Healthcare Market, Contract Research Organization (CRO) Services Market, Analytical and Scientific Instrumentation, Rise in the geriatric population and the subsequent increase in the prevalence of chronic diseases, Potential of RWE in reducing drug development costs and expediting the drug development process, Increased R&D spending for the development of new pharmaceutical products and medical devices, Support from regulatory bodies for the use of RWE solutions, Market Access Reimbursement/Coverage Decision Making, Pharmaceutical & Medical Device Companies. FIGURE 8 CAGR PROJECTIONS: OVERALL RWE SOLUTIONS MARKET FIGURE 25 RECOMMENDED INVESTMENT MODEL FOR RWD AND RWE FIGURE 53 ORACLE CORPORATION: COMPANY SNAPSHOT (2021) TABLE 2 RISK ASSESSMENT: REAL WORLD EVIDENCE SOLUTIONS MARKET 11.6.2 PRODUCT FOOTPRINT OF COMPANIES TABLE 77 EUROPE: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) This research study involved the use of comprehensive secondary sources; directories; databases such as Bloomberg Business, Factiva, and Dun & Bradstreet; white papers; annual reports; companies house documents; investor presentations; and SEC filings of companies. TABLE 29 REGISTRY-BASED DISPARATE DATA SETS MARKET, BY COUNTRY, 20202027 (USD MILLION) 5.2.2.1 Reluctance of medical practitioners and researchers to rely on real-world studies In order to prove value, companies need strong evidence of lifecycle management capabilities. 2.2 MARKET SIZE ESTIMATION: REAL WORLD EVIDENCE SOLUTIONS MARKET Purpose: There is a need to develop hybrid trial methodology combining the best parts of traditional randomized controlled trials (RCTs) and observational study designs to produce real-world evidence (RWE) that provides adequate scientific evidence for regulatory decision-making. FIGURE 52 LABCORP HOLDINGS: COMPANY SNAPSHOT (2021) The size of the professionally managed real estate market also continued to grow in 2021, rising to USD 11.4 trillion from USD 10.5 trillion in 2020. TABLE 61 US: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) Additionally predicted to drive market growth is rising consumer desire for better healthcare services.The market research report covers the analysis of key stake holders of the market. 24*7 real-time access to a vast global inventory of hotel rooms, cars, airlines, buses, tours and other travel-related items. FIGURE 29 GLOBAL PATENT PUBLICATION TRENDS IN THE RWE SOLUTIONS MARKET, 20162021 on February 23, 2023 By Marcus Lu Retail Investors' Most Popular Stocks of 2023 (YTD) According to VandaTrack, retail investors are still a force to be reckoned with, adding an average of $1.5 billion each day into U.S. markets. 8.4 POST-MARKET SURVEILLANCE Statista. RWE is regularly utilized in the drug development & approval process to inform aspects of drug development, such as the natural history and epidemiology of a disease, and provide data on treatment pathways and comparator interventions in clinical practice. Over the next five years up to 2025,. The Aetion Evidence Platform (AEP) is the actual software that transforms the data into real-world evidence that answers questions surrounding operation safety, medical technologies and effectiveness. TABLE 36 LIST OF PIPELINE DRUGS FOR CARDIOVASCULAR DISEASE (BY FEBRUARY 2022) Moreover, the processes and evidence used in making pharmaceutical coverage decisions vary substantially among the payers. 12.1.14 TRINITY LIFE SCIENCES 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. TABLE 37 DRUG DEVELOPMENT AND APPROVALS MARKET IN CARDIOVASCULAR DISEASE, BY COUNTRY, 20202027 (USD MILLION) FIGURE 47 IBM CORPORATION: COMPANY SNAPSHOT (2021) Based on stated demand for carbon credits, demand projections from experts, and the volume of negative emissions needed to reduce emissions in line with the 1.5-degree warming goal, annual global demand for carbon credits could reach up to 1.5 to 2.0 gigatons of carbon dioxide by 2030 and up to 7 to 13 gigatons by 2050.The market size in 2030 . 13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL These factors are preventing the Real-World Evidence Solutions Market from expanding.Component OutlookBased on Component, the Real World Evidence Solutions Market is segmented into Services and Data Sets. Real-World Evidence (RWE) is the clinicalevidence about the usage and potential benefits or risks of a medical product derived from analysis of RWD. In addition, this further reduces the inclination of major stakeholders to adopt real world evidence solutions. TABLE 127 JAPAN: MACROECONOMIC INDICATORS TABLE 75 EUROPE: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) Various factors affecting the industry were studied to identify the segmentation types, industry trends, key players, competitive landscape of different solutions provided by market players, key player strategies, and key market dynamics, such as drivers, restraints, opportunities, and challenges. 6.5.2 HCIT EXPENDITURE/PRICING ANALYSIS 10.4.1.1 Stringent regulatory scenario in Japan to restrain market growth IDC, & Statista. TABLE 15 DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 124 ASIA PACIFIC: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) 9.2.1 INCREASED R&D EXPENDITURE IN INNOVATIVE MEDICINES TO DRIVE MARKET GROWTH TABLE 32 RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) TABLE 74 EUROPE: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) Big Data Market Size, Global Industry Forecast. FIGURE 24 UTILIZATION OF WEARABLES IN CLINICAL TRIALS, BY THERAPEUTIC AREA, 2019 Despite all positives, the key players experienced an initial shrinkage in the market due to uncertainties associated with the impact of the COVID-19 pandemic. Poor data quality costs the US economy up to $3.1 trillion yearly. TABLE 169 DEALS, 20192022 TABLE 104 ITALY: RWE MARKET, BY APPLICATION, 20202027 (USD MILLION) 6.5 PRICING ANALYSIS 10.3 EUROPE FDA has expanded on this definition as discussed below. TABLE 55 NORTH AMERICA: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) You need at least a Starter Account to use this feature. TABLE 117 REST OF EUROPE: RWE MARKET, BY APPLICATION, 20202027 (USD MILLION) Real-world data (RWD) gathered from various sources associated with outcomes in a heterogeneous patient population in real-world settings. Are you interested in testing our business solutions? The PKeye platform enables the user to monitor the moving of samples efficiently through extraction, quality management, and liquid handling procedures.Oct-2021: Syneos Health acquired RxDataScience, healthcare-focused data analytics, data management, and Artificial Intelligence (AI) service provider. TABLE 107 SPAIN: MACROECONOMIC INDICATORS TABLE 178 LABCORP HOLDINGS: BUSINESS OVERVIEW 8.3.1 INCREASING RESEARCH IN MEDICAL DEVICE DEVELOPMENT TO DRIVE DEMAND TABLE 99 FRANCE: RWE MARKET, BY END USER, 20202027 (USD MILLION) 10.4.2 CHINA In 2021, the market access & reimbursement/coverage decisions segment accounted for the largest share of the overall real-world evidence solutions market. 12.1.9 ORACLE CORPORATION Find out more about how we use your information in our privacy policy and cookie policy. This statistic is not included in your account. As soon as this statistic is updated, you will immediately be notified via e-mail. 6.2 Real-World Data Sources Table 4 Indicative List of National Databases in Developed Countries 6.3 Ecosystem Analysis Figure 27 Ecosystem Coverage: Parent Market (Healthcare It Solutions) . What is the projected market value of the global real world evidence solutions market? 10.3.2.1 The growing adoption of HTA in the UK supports market growth To meet the demands for both drug discovery and development, pharmaceutical and biopharmaceutical companies are opting for fully integrated or functional outsourcing services, from the early development stage to the late-stage development phase. What are the major revenue pockets in the real world evidence solutions market currently? 7.3.1.5 Registry-based data sets The surge is linked to the growing significance of RWE studies in determining how well drugs operate in actual situations and mitigating drug recalls. Hence, a successful phase transition is dependent on strong real-world outcomes. TABLE 105 ITALY: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) To know about the assumptions considered for the study, download the pdf brochure. TABLE 3 MARKET DYNAMICS: IMPACT ANALYSIS TABLE 108 SPAIN: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 11.2 STRATEGIES ADOPTED BY KEY PLAYERS /RIGHT TO WIN TABLE 128 JAPAN: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) As a Premium user you get access to the detailed source references and background information about this statistic. The worldwide market size of BI & analytics software applications could reach $17.6 billion by 2024. statistic alerts) please log in with your personal account. RWE has spread quickly across applications, yet some stakeholders still hesitate to rely on them. Real-world data (RWD) is defined as "the data relating to patient health status and/or the delivery of health care routinely collected from a variety of sources." 1 Sources of RWD include, but are not limited to: Electronic health records (EHRs); Claims and billing activity; Product and disease registries; 6.4.5 INTENSITY OF COMPETITIVE RIVALRY $12 billion - the worldwide market size of AR/VR in 2020. For instance, although payers have started using RWE, they prefer to use randomised clinical trials (RCTs) instead of external observational data to inform drug coverage decisions. 11.1 OVERVIEW TABLE 185 PERKINELMER INC.: BUSINESS OVERVIEW 7.3 DATA SETS 12.1.8 LABCORP HOLDINGS 11.5 COMPETITIVE BENCHMARKING Global top 2000 strategist rely on us for their growth strategies. Before sharing sensitive information, make sure you're on a federal government site. FIGURE 46 IQVIA HOLDINGS INC: COMPANY SNAPSHOT (2021) Domain News - Provides the latest real estate and property market news in Australia. TABLE 18 DISPARATE DATA SETS MARKET, BY COUNTRY, 20202027 (USD MILLION) Given the low number of trials (57), it is difficult to reach a conclusion for each therapeutic area. Pune, Feb. 20, 2023 (GLOBE NEWSWIRE) -- Real-world evidence is clinical evidence produced from information about the usage and possible advantages and disadvantages of a medical product (RWE).. The use of computers, mobile devices, wearables and other biosensors to gather and store huge amounts of health-related data has been rapidly accelerating. TABLE 9 REAL WORLD EVIDENCE SOLUTIONS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS TABLE 180 ELEVANCE HEALTH: BUSINESS OVERVIEW 12.1.3 OPTUM INC. (A SUBSIDIARY OF THE UNITED HEALTH GROUP, INC.) FIGURE 22 RWE SOLUTIONS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES A database of the key industry leaders was also prepared using secondary research. The growth of this market is primarily driven by the increasing growth in clinical trials and the shift from volume-based to value-based care. TABLE 182 AETION INC.: BUSINESS OVERVIEW 11.8.2 STARTING BLOCKS For our commercial pharma clients we integrate their commercial datasets such as ex-factory, in market sales and activity data. The economic and investment reach of those assets are felt by millions of Americans all across the country. TABLE 42 REAL WORLD EVIDENCE SOLUTIONS MARKET IN POST-MARKET SURVEILLANCE, BY COUNTRY, 20202027 (USD MILLION) Detailed research and segmentation for the main products and markets. 8.3 MEDICAL DEVICE DEVELOPMENT AND APPROVALS 13.1 DISCUSSION GUIDE : COMPANY SNAPSHOT (2021) 8.2.2.1 High prevalence of CVD to drive growth Hence, the rising emphasis on using comprehensive RWE data is propelling the markets growth.Market Restraining FactorsMedical professionals and researchers reluctance to depend on real-world studiesNon-randomized observational studies have historically not been seen as appropriate for evaluating novel medical interventions or treatments due to methodological and research design concerns, such as the possibility of confounding and bias. TABLE 167 REAL WORLD EVIDENCE SOLUTIONS MARKET: DETAILED LIST OF SMALL & MEDIUM PLAYERS TABLE 154 LATIN AMERICA: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 10.4.1 JAPAN As of December 1, 2022, there was nearly one job opening for every active applicant on LinkedIn. 8.2.4 IMMUNOLOGY TABLE 5 PORTERS FIVE FORCES ANALYSIS TABLE 35 DRUG DEVELOPMENT AND APPROVALS MARKET IN ONCOLOGY, BY COUNTRY, 20202027 (USD MILLION) The summary data allow users to explore the trends in fuel economy, CO 2, and vehicle attributes for model years 1975-2022. As a result, an opportunity for an end-to-end approach to leverage the data, evidence, and knowledge assets of a life sciences organisation has been created, which is helping to break down the conventional silos and is enabling insight-driven decision-making from the phase of product R&D to its commercialization. TABLE 113 SPAIN: RWE MARKET, BY END USER, 20202027 (USD MILLION) Download Report. 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