Lewes, Del., Aug. 26, 2024 (GLOBE NEWSWIRE) — The Global Real-World Evidence Solutions Market Size is expected to grow at CAGR of 13.92% from 2024 to 2031says a new report from Verified Market Research®. The report shows that the market for 1.30 billion USD in 2024 and is expected to reach 3.71 billion USD until the end of the forecast period.
Download PDF brochure: https://www.verifiedmarketresearch.com/download-sample?rid=27946
Browse detailed table of contents To “Global Real-World Evidence Solutions Market Size”
202 – Pages
126 – Tables
37 – Numbers
Scope of the report
REPORT ATTRIBUTES | DETAILS |
STUDY TIME | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024–2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (millions USD) |
PROFILE OF THE MAIN COMPANIES | : IQVIA, Optum, ICON, Syneos Health, Flatiron Health, PPD, PAREXEL, Oracle, Aetion. |
SEGMENTS COVERED | By data source, by therapeutic area, by application and by geography. |
SCOPE OF ADJUSTMENT | Free customization of the report (equivalent to up to 4 analyst working days) upon purchase. Addition or change of country, regional and segment scope |
Market overview for Real World Evidence Solutions
Regulatory support to strengthen market confidence: The increasing recognition of real-world evidence by regulatory agencies such as the FDA is driving the expansion of the real-world evidence solutions market. Regulatory support provides incentives for pharmaceutical companies to use real-world evidence (RWE) in the drug approval process, leading to improved market prospects and promoting growth.
Cost-efficient drug development: Real-world evidence solutions effectively reduce the time and cost of drug development by leveraging real-world data. The efficiency of the real-world evidence solutions market is attractive to biopharmaceutical companies looking to maximize their R&D efforts, making it an indispensable tool in the industry.
Increasing prevalence of chronic diseases: Due to the increasing burden of chronic diseases worldwide, continuous monitoring and real-time data analysis are required. Solutions with real-world evidence analytics provide useful insights into patient treatment outcomes, leading to their widespread application in the healthcare industry and contributing to the strong growth of the market.
How to acquire a comprehensive report analysis: https://www.verifiedmarketresearch.com/select-licence?rid=27946
Privacy concerns: Although the Real World Evidence Solutions market has its advantages, it faces difficulties due to strict data protection requirements. Widespread adoption of RWE solutions may be hampered by concerns about the security of patient data, which may slow market expansion and affect long-term growth.
High implementation costs: Smaller healthcare providers and enterprises may find it difficult to afford the costs of implementing real-world evidence solutions. The exorbitant costs of real-world evidence solutions hinder their market expansion, especially in developing areas, and represent a significant obstacle to the continued progress of the industry.
Variability of data quality: Inconsistent and variable data quality remains a critical challenge in the Real World Evidence Solutions market. The lack of standardized methodologies leads to unreliable insights that can prevent stakeholders from fully engaging with RWE solutions, thus slowing market growth.
Geographical dominance:
The Real World Evidence Solutions market is mainly dominated by North America, which is mainly attributed to the highly developed healthcare infrastructure, strong presence of key players, and favorable regulatory environment. This dominance encourages the development of new and improved solutions in the renewable energy sector, which in turn leads to more investments and rapid expansion of the market. Furthermore, the recognition of Real World Evidence by the US government strengthens North America’s authority in healthcare decision-making. Nevertheless, this regional hegemony could limit the expansion potential in developing markets.
Key players in the Real World Evidence Solutions market are shaping the future
Key players include : IQVIA, Optum, ICON, Syneos Health, Flatiron Health, PPD, PAREXEL, Oracle, Aetion. and more play a crucial role in shaping the future of the Real World Evidence Solutions market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the key players in the industry.
Market Segment Analysis for Real World Evidence Solutions
Based on the research, Verified Market Research® has segmented the global Real World Evidence Solutions market into data source, therapy area, application and geography.
To obtain market data, market insights and comprehensive analysis of the global Real World Evidence Solutions market, Contact Verified Market Research®.
- Real World Evidence Solutions Market by Data Source
- Electronic patient records
- Damage data
- register
- Medical devices
- Market for Real World Evidence Solutions by therapeutic areas
- oncology
- Cardiovascular diseases
- neurology
- Rare diseases
- Real World Evidence Solutions Market, by Application
- Drug development
- Clinical decision support
- Epidemiological studies
- Post-market surveillance
- Real World Evidence Solutions Market by Geographic Location
- North America
- Europe
- Germany
- France
- United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- ROW
- Middle East and Africa
- Latin America
Browse related reports:
Global Forensic Laboratory Information Management Systems Market Size by Deployment (Cloud-based LIMS, On-Premise LIMS and Remotely Hosted LIMS), by Application (Forensic Laboratories, Forensic Case Management, Forensic Medical Examiner’s Offices and Forensic Property and Evidence Management), by Geography and Forecast
Global Digital Evidence Management Market Size by Type (Cloud, On-Premise, Hybrid), Application (Law Enforcement, Others), by Geography and Forecast
Global Tamper Evident Labels Market Size by Type (RFID Tags, Barcode), by End Use (Food & Beverage, Cosmetics & Personal Care), by Geography and Forecast
Global Chromatography Resins Market Size by End-use Industry (Biopharmaceutical & Pharmaceutical Industry, Food & Beverage Industry, Environmental Research & Testing, Research & Academic Institutes), by Application (Protein Purification, Drug Development & Manufacturing, Environmental Monitoring, Food & Beverage Testing), by Methods (Liquid Chromatography Resins, Gas Chromatography Resins, Affinity Chromatography Resins, Preparative Chromatography Resins), by Geography and Forecast
The 7 best manufacturers of medication balloons to assist with dose administration
Visualize the Real-World Evidence Solutions Market Using Verified Market Intelligence -:
Verified market intelligence is our BI Activated platform for narrative storytelling in this market. VMI provides detailed trend forecasts and accurate insights into over 20,000 emerging and niche markets, helping you make critical revenue-influencing decisions for a bright future.
VMI provides a holistic overview and global competitive landscape in terms of region, country, segment and key players of your market. Present your market report and findings with an integrated presentation feature that saves over 70% of your time and resources for investors, sales and marketing, R&D and product development meetings. VMI allows data submission in Excel and Interactive PDF formats with over 15 key market indicators for your market.
About Us
Verified Market Research® is a global leader in research and consulting, providing unparalleled analytical research solutions that provide companies with the insights they need to make critical business decisions. VMR has been in business for over 10 years and has been instrumental in providing founders and companies with accurate and timely research data.
With a team of over 500 analysts and subject matter experts, VMR uses internationally recognized research methodologies to collect and analyze data, covering over 15,000 key niche markets. This powerful team ensures data integrity and provides insights that are both informative and actionable, tailored to the strategic needs of companies across multiple industries.
VMR’s expertise is recognized across 14 key industries including semiconductor and electronics, healthcare and pharmaceuticals, energy, technology, automotive, defense, mining, manufacturing, retail, and agriculture and food. In-depth market analysis covers over 52 countries, using advanced data collection methods and sophisticated research techniques. This approach enables the delivery of actionable insights by experienced analysts, equipping clients with the essential knowledge required to make critical revenue decisions across these diverse and important industries.
Verified Market Research® is also a member of ESOMAR, an organization known for setting the bar for ethical and professional standards in market research. This affiliation underscores VMR’s commitment to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable, but also ethical and globally recognized.