The global real world evidence solutions market size was valued at USD 42.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 8.2% from 2023 to 2030. 6.4 PORTERS FIVE FORCES ANALYSIS The surge is linked to the growing significance of RWE studies in determining how well drugs operate in actual situations and mitigating drug recalls. For instance, in April 2020, ICON plc (Ireland) signed a three-year agreement with Pfizer Inc. (U.S.), under which ICON provides expertise in the planning, execution, management, and conduct of clinical trials. ET Big Data Market Size, Global Industry Forecast. TABLE 116 REST OF EUROPE: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) - 98) 10.4.3 INDIA 8.2.2.1 High prevalence of CVD to drive growth 11.6 COMPANY FOOTPRINT Many pharmaceutical, biotechnology & medical device companies aspire to join the fight against COVID-19 by applying human data science to support research activities related to health system issues in collaboration with the world's leading academic researchers. Download Report. 11.8.2 STARTING BLOCKS 5.2.1.2 Shift from volume- to value-based care 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 62 US: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) The GDS software can easily be integrated on Android, iOS, and Web platforms. 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. 12.1.12 AETION INC. TABLE 186 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION: BUSINESS OVERVIEW Accessed March 02, 2023. https://www.statista.com/statistics/871513/worldwide-data-created/, IDC, and Statista. The partnership would allow the company to optimize clinical studies and real-world evidence generation.Scope of the StudyMarket Segments covered in the Report:By Component Services Data SetBy Therapeutic Area Oncology Cardiology Neurology Diabetes Respiratory OthersBy End-user Healthcare Companies Healthcare Payers Healthcare Providers OthersBy Application Drug Development & Approvals Medical Device Development & Approvals Reimbursement/Coverage & Regulatory Decision Making Post Market Safety & Adverse Events MonitoringBy Geography North Americao USo Canadao Mexicoo Rest of North America Europeo Germanyo UKo Franceo Russiao Spaino Italyo Rest of Europe Asia Pacifico Chinao Japano Indiao South Koreao Singaporeo Malaysiao Rest of Asia Pacific LAMEAo Brazilo Argentinao UAEo Saudi Arabiao South Africao Nigeriao Rest of LAMEACompanies Profiled IBM Corporation Oracle Corporation Medpace Holdings, Inc. IQVIA Holdings, Inc. ICON plc PerkinElmer, Inc. Parexel International Corporation (Phoenix Parentco, Inc.) PPD, Inc. (Thermo Fisher Scientific, Inc.) UnitedHealth Group, Inc. (Optum, Inc.) Syneos Health, Inc.Unique Offerings Exhaustive coverage Highest number of market tables and figures Subscription based model available Guaranteed best price Assured post sales research support with 10% customization freeRead the full report: https://www.reportlinker.com/p06422625/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. R&D is very important in the pharmaceutical business in particular. 10.2 NORTH AMERICA 8.3.1 INCREASING RESEARCH IN MEDICAL DEVICE DEVELOPMENT TO DRIVE DEMAND 8.1 INTRODUCTION TABLE 122 ASIA PACIFIC: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 55 NORTH AMERICA: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) A database of the key industry leaders was also prepared using secondary research. TABLE 108 SPAIN: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) TABLE 109 SPAIN: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 32 RWE SOLUTIONS MARKET, BY APPLICATION, 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 acquisition would enhance Syneos Healths ability to provide technology-enabled, insight-powered solutions. TABLE 80 GERMANY: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) The market is expected to expand at a CAGR of 8.2% from 2023 to 2030. 8.6 CLINICAL AND REGULATORY DECISION MAKING TABLE 140 CHINA: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) Among all industry sectors, the pharmaceutical industry spends the largest percentage of its revenue on research and development. Through this acquisition, the company aimed at helping businesses create resilient and sustainable operations and supply chains.Oct-2019: Parexel entered into a strategic partnership with HealthVerity, Inc., the service provider for rapid creation, exchange, and management of healthcare and consumer data. TABLE 171 IQVIA HOLDINGS INC.: BUSINESS OVERVIEW TABLE 25 PATIENT-POWERED DATA SETS OFFERED BY KEY MARKET PLAYERS Thus, the effectiveness of the use of RWD made a significant impact during the pandemic and continues to play a more significant role in the treatment of infection. DownloadFree Sample Report Now @https://www.meticulousresearch.com/download-sample-report/cp_id=4954. TABLE 67 CANADA: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) And of course, much more. (IDC, 2020) $72.8 billion - the projected worldwide AR/VR market size in 2024. 12.1.10 ELEVANCE HEALTH The collaboration would allow the company to improve research design and impact of real-world studies with an aim to advance patient health and clinical results.Jul-2021: ICON plc took over PRA Health Sciences, a contract research organization. 1.2 MARKET DEFINITION 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. TABLE 51 NORTH AMERICA: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COUNTRY, 20202027 (USD MILLION) 1.5 STAKEHOLDERS TABLE 179 ORACLE CORPORATION: BUSINESS OVERVIEW Use Ask Statista Research Service. 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; Data marketplaces and exchanges provide single platforms to consolidate third-party data offerings. TABLE 169 DEALS, 20192022 You need a Statista Account for unlimited access. 7.3.1.1 Clinical settings data set The increasing emphasis on clinical value evidence for choices to offer coverage and the rising cost of therapy is responsible for expanding the reimbursement/coverage and regulatory decision-making segment. This is a record-breaking level of inflows, which raises the question: what are investors buying? 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. 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. This act required the FDA to release a comprehensive plan to continue advancing these efforts. 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. TABLE 177 THERMO FISHER SCIENTIFIC INC.: BUSINESS OVERVIEW TABLE 176 PAREXEL INTERNATIONAL CORPORATION: BUSINESS OVERVIEW 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. Register in seconds and access exclusive features. 7.3.1.2.1 Growing need to understand the economic benefits of drug reimbursement by payers to drive growth 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. In August 2022, Trinity Life Sciences (US), announced a partnership with Bain & Company (US). TABLE 94 FRANCE: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) TABLE 96 FRANCE: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 7.3.1.1.1 Increasing utilization of EHR data for trial recruitment to fuel growth How to Determine Market Size To calculate your market size, you'll either be looking for data on the number of potential customer, or number of transactions each year. 5.2.2 RESTRAINTS The Foreign Direct Investment (FDI) inflows are vital for the economic development of one country, yet the COVID-19 impacted the FDI inflows throughout the world; Malaysia is no exception which makes the global FDI market has become extremely competitive. Global top 2000 strategist rely on us for their growth strategies. 12.1.5 SYNEOS HEALTH, INC. . TABLE 121 ASIA PACIFIC: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) TOP-LEVEL FINDINGS. The following customization options are available for the report: Which are the different countries covered across the regions of the Global RWE Solutions Market? Through this acquisition, the company aimed at adding new capabilities to its decentralized clinical trial solutions. FIGURE 29 GLOBAL PATENT PUBLICATION TRENDS IN THE RWE SOLUTIONS MARKET, 20162021 6.4.4 THREAT OF SUBSTITUTES Using the GlobalData Clinical Trials database, it was found that there are currently 194 real-world evidence trials, the highest annual number recorded so far, followed by 2019, which had 160 trials. This highlights the requirement for practical, workable solutions. This mainly affected the amount of real-world data generated globally. 5.2.1.1 Rise in the geriatric population and the subsequent increase in the prevalence of chronic diseases TABLE 27 USE OF REGISTRIES FOR EVIDENCE GENERATION FIGURE 48 OPTUM INC.: COMPANY SNAPSHOT (2021) Then you can access your favorite statistics via the star in the header. Government. FIGURE 34 ADOPTION OF EHR BY HOSPITAL SERVICE TYPE, 2019-2021 5.2.4.2 Shortage of skilled professionals, 6 INDUSTRY INSIGHTS (Page No. Even a study that is robust, well-planned, and non-randomized would be seen as lower-quality evidence in comparison to an RCT that is poorly conceived. 7.3.1.2 Claims data set FIGURE 9 DATA TRIANGULATION METHODOLOGY Before sharing sensitive information, make sure you're on a federal government site. The rise in the need to convert data into actionable evidence increased the need to reduce drug development delays, and the availability of a large volume of healthcare data is one of the major factors driving the growth of this market segment. 12.1.15 PERKINELMER INC. TABLE 183 TRINETX LLC: BUSINESS OVERVIEW Figures were rounded to provide a better understanding of the statistic. TABLE 128 JAPAN: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 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. 11.1 OVERVIEW TABLE 69 CANADA: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) They are derived from electronic health records (EHRs), claims and billing activities, product and disease registries, etc. GWI projects that spa revenues will recover quickly to pre-pandemic levels and will reach $151 billion in 2025. 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