,5002,7503,0003,5004 . 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. In September 2021, U.S. FDA released a guidance document for accessing EHR and medical claims data using real-world data to support regulatory decision-making for drug and biological products would promote the adoption of RWE even further. Majority of institutions are currently installing software and tools to store data at their own premises due to ease of access and security, resulting in the large market share of this type of delivery. 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. 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. Real-world data (RWD) has become a powerful tool in the life sciences industry by pharmaceutical, biotechnology, & medical device companies; healthcare payers; healthcare providers; and other end users (academic research institutions, patient advocacy groups, regulators, and health technology assessment agencies) to add value at every stage of TABLE 138 CHINA: RWE MARKET, BY APPLICATION, 20202027 (USD MILLION) 8.2.5 OTHER THERAPEUTIC AREAS Pharma data analyses extract insights, inform new strategies and provide KPI tracking. - 198) - 41) TABLE 46 RWE SOLUTIONS MARKET FOR PHARMACEUTICAL & MEDICAL DEVICE COMPANIES, BY COUNTRY, 20202027 (USD MILLION) According to the Center for Drug Evaluation and Research (CDER), on average, 37 novel drugs per year were approved (including novel drugs, biosimilar, new formulations, and new dosage forms) between 2010 and 2019. TABLE 178 LABCORP HOLDINGS: BUSINESS OVERVIEW Similarly, RWE can accelerate label expansion and decrease the overall cost of the evidence needed for filing. 12.1 KEY PLAYERS R&D is very important in the pharmaceutical business in particular. TABLE 126 ASIA PACIFIC: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) TABLE 55 NORTH AMERICA: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) TABLE 32 RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) TABLE 154 LATIN AMERICA: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 11.7.3 PERVASIVE PLAYERS Figures were rounded to provide a better understanding of the statistic. Global Real World Evidence Solutions Market Size, Share & Trends Analysis Report by Component (Services, Data Sets), by Application, by End-user, by . The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. TABLE 68 CANADA: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 8.2.2 CARDIOVASCULAR DISEASE 10.4.4 REST OF ASIA PACIFIC This statistic is not included in your account. FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS (SUPPLY-SIDE): BY COMPANY TYPE, DESIGNATION, AND REGION 6.5.1 AVERAGE SELLING PRICE 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. 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. 6.5.2 HCIT EXPENDITURE/PRICING ANALYSIS FIGURE 8 CAGR PROJECTIONS: OVERALL RWE SOLUTIONS MARKET With this acquisition, the company aimed to strengthen its software portfolio through automation, data, and AI in order to address the full spectrum of observability.Nov-2021: PerkinElmer unveiled PKeye, a workflow monitor platform for remotely managing and monitoring workflows. February 22, 2023 08:06 ET 12.2.1 HEALTHVERITY INC. 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 22 CLAIMS DISPARATE DATA SETS MARKET, BY COUNTRY, 20202027 (USD MILLION) As a Premium user you get access to background information and details about the release of this statistic. 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).. ", IDC & Statista, Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025 (in zettabytes) Statista, https://www.statista.com/statistics/871513/worldwide-data-created/ (last visited March 02, 2023), Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025 (in zettabytes) [Graph], IDC, & Statista, June 7, 2021. TABLE 96 FRANCE: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) The fast growth of pharmaceutical and medical device companies can be attributed to the increasing importance of RWE studies in drug approvals, the prevention of costly drug recalls, and the assessment of drug performance in real-world settings. Smart Buildings Market Size in 2022 with Top Countries Data, SWOT Analysis, Share, Top Manufactures, Growth Insights and Forecasts to 2027 | Honeywell, Siemens, Schneider Electric, Johnson Controls TABLE 49 RWE SOLUTIONS MARKET FOR OTHER END USERS, BY COUNTRY, 20202027 (USD MILLION), 10 RWE SOLUTIONS MARKET, BY REGION (Page No. The Asia Pacific segment procured a considerable growth rate in the real world evidence solutions market in 2021. For instance, in May 2020, PAREXEL International Corporation (U.S.) launched the #KeepingPatientsFirst integrated real-world evidence (RWE) research platform focused on aggregating, analyzing, and predicting real-world COVID-19-related disease progression and outcomes using state-of-the-art machine learning, artificial intelligence, and analytics. Medical product developers are using RWD and RWE to support clinical trial designs (e.g., large simple trials, pragmatic clinical trials) and observational studies to generate innovative, new treatment approaches. TABLE 52 NORTH AMERICA: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 12.1.13 TRINETX LLC 5.2.2 RESTRAINTS FIGURE 16 REAL WORLD EVIDENCE SOLUTIONS MARKET: GEOGRAPHIC SNAPSHOT, 4 PREMIUM INSIGHTS (Page No. 6.4.5 INTENSITY OF COMPETITIVE RIVALRY Real World Data (RWD), patient data that originates from real world settings delivers powerful insights to healthcare stakeholders Podcast Leveraging insights made possible by AI technology, Medical Affairs professionals are fostering better connections with healthcare professionals. - 23) Together both companies aimed at providing technology-enabled, insights-powered solutions to biopharma customers by integrating RxDataSciences AI and data-science capabilities with its therapeutic expertise.Sep-2021: Syneos Health took over StudyKIK, technology-enabled clinical trial recruitment, and retention company. 12.1.12 AETION INC. TABLE 92 UK: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) TABLE 167 REAL WORLD EVIDENCE SOLUTIONS MARKET: DETAILED LIST OF SMALL & MEDIUM PLAYERS TABLE 99 FRANCE: RWE MARKET, BY END USER, 20202027 (USD MILLION) The partnership is intended to pair the extensive experience of Bain & Company (US) in the Life Sciences value chain with the evidence-based solutions of Trinity Life Sciences (US). TABLE 190 MEDPACE HOLDINGS INC.: BUSINESS OVERVIEW 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. Learn more about how Statista can support your business. Furthermore, these solutions would deliver to increase diversity in clinical trials, accessing remote-based patients who have difficulty accessing research sites.Jan-2020: IBM acquired Envizi, an analytics software provider for environmental performance management. TABLE 15 DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) Please do not hesitate to contact me. 1.2 MARKET DEFINITION Before sharing sensitive information, make sure you're on a federal government site. The Big Data industry is driven by a sharp increase in data volume. FIGURE 23 NUMBER OF CLINICAL TRIALS STARTED DURING 20152020 7.3.1.5 Registry-based data sets Further, with the spread of the COVID-19 pandemic, immediate and long-term consequences have been both for people and health systems worldwide. 10.4.1 JAPAN 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. This mainly affected the amount of real-world data generated globally. 11.8.1 PROGRESSIVE COMPANIES Most pharmaceutical, biopharmaceutical, and medical device companies continue to invest heavily in the development of novel drugs and devices. It also helps generate broader scientific evidence and commercial insights, valuable for the pharmaceutical industry. 9.1 INTRODUCTION TABLE 44 REAL WORLD EVIDENCE SOLUTIONS MARKET IN CLINICAL AND REGULATORY DECISION MAKING, BY COUNTRY, 20202027 (USD MILLION), 9 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER (Page No. 6.5.2.1 North America Furthermore, it would enable the company to bring new therapies to market by leveraging these studies.Sep-2018: PAREXEL came into partnership with Datavant, a healthcare technology company focused on enabling the secure de-identification and linking of healthcare datasets. FIGURE 20 NORTH AMERICA WILL CONTINUE TO DOMINATE THE REAL WORLD EVIDENCE SOLUTIONS MARKET DURING THE FORECAST PERIOD TABLE 85 GERMANY: RWE MARKET, BY END USER, 20202027 (USD MILLION) TABLE 19 CLINICAL SETTINGS DATA SETS OFFERED BY KEY MARKET PLAYERS TABLE 160 MIDDLES EAST & AFRICA: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) TABLE 28 REGISTRY-BASED DATA SETS OFFERED BY KEY MARKET PLAYERS TABLE 108 SPAIN: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 6.1 INDUSTRY TRENDS The diabetes segment witnessed a significant revenue share in the real world evidence solutions market in 2021. TABLE 93 FRANCE: MACROECONOMIC INDICATORS TABLE 37 DRUG DEVELOPMENT AND APPROVALS MARKET IN CARDIOVASCULAR DISEASE, BY COUNTRY, 20202027 (USD MILLION) TABLE 121 ASIA PACIFIC: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 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 . Defend your Market Share or Win Competitors. 4.3 RWE SOLUTIONS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES TABLE 26 RWE PATIENT-POWERED DISPARATE DATA MARKET, BY COUNTRY, 20202027 (USD MILLION) The pressures are more significant in the oncological department, where high-cost agents with similar effects compete in the market. 12.1.7 THERMO FISHER SCIENTIFIC INC. FIGURE 60 MEDPCE HOLDINGS INC.: COMPANY SNAPSHOT (2021) In August 2022, Trinity Life Sciences (US), announced a partnership with Bain & Company (US). Browse in-depth TOC on" Real World Evidence Solutions Market - Global Opportunity Analysis And Industry Forecast (2021-2028)"173 Tables47 Figures214 Pagesclick here:https://www.meticulousresearch.com/product/real-world-evidence-solutions-market-4954, (Note: Other Disparate Datasets include data generated from mobile devices, wearable devices, and social media), Amidst this crisis, Meticulous Researchis continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. However, rise in data connectivity . 6.8.3 JURISDICTION ANALYSIS: TOP APPLICANTS (COUNTRIES) FOR PATENTS IN THE REAL WORLD EVIDENCE SOLUTIONS MARKET The real-world evidence solutions market is segmented on the basis of component, application, end user and region. In July 2022, TriNetX LLC announced the collaboration with Pediatric Medical Centers (US), to help Pediatric Medical Centers including Childrens National Hospital (US), WVU Medicine Childrens (US), and John Hopkins All Children Hospitals (US), to improvise the investor-initiated research utilizing the pediatric real-world data. (IDC, 2020) $72.8 billion - the projected worldwide AR/VR market size in 2024. (June 7, 2021). The post-market safety and adverse event monitoring area are also projected to expand significantly.End-user OutlookBased on End-user, the Real World Evidence Solutions Market is segmented into Healthcare Companies, Healthcare Payers, Healthcare Providers, and Others. 8.1 INTRODUCTION 8.2.1.1 Growing number of clinical trials focused on cancer treatment to drive growth Visual Data Discovery Market Size: Overview, Share, Trends with Current Market Scenario, 2027 Published: Feb. 23, 2023 at 1:20 a.m. 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. Real-world evidence (RWE) is clinical evidence gathered via RWD analysis on the use and potential benefits or risks of a medical product. 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. 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. Zillow has 314 homes for sale in Lake Arrowhead CA. 10.2.2.1 Growing number of clinical trials in Canada to drive market growth Real-world data (RWD) is data that relates to patient health status and/or the delivery of health care routinely collected from a variety of sources. The acquisition would combine the companys consulting expertise and technical capabilities with Octos team that enable federal clients to transform faster and better serve citizens.Jul-2022: IBM took over Databand, a leader in data observability software. 7.3.1.3.1 Increasing adoption of e-prescribing systems to drive growth FIGURE 40 NORTH AMERICA: RWE SOLUTIONS MARKET SNAPSHOT Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025 (in zettabytes) [Graph]. . The site is secure. Pharmaceutical companies require data describing both the approved and medically accepted alternative uses of previously approved drugs. 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. TABLE 132 JAPAN: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) 7.3.1.2.1 Growing need to understand the economic benefits of drug reimbursement by payers to drive growth The summary data allow users to explore the trends in fuel economy, CO 2, and vehicle attributes for model years 1975-2022. $12 billion - the worldwide market size of AR/VR in 2020. A five-year forecast of the market and noted trends. In 2021, the market access & reimbursement/coverage decisions segment accounted for the largest share of the overall real-world evidence solutions market. TABLE 62 US: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) 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. 6.7 REGULATORY BODIES, GOVERNMENTS, AND OTHER ORGANIZATIONS What is the projected market value of the global real world evidence solutions market? With the growing need for evidence generated from real-world data, the increasing importance of epidemiological data in decision making, and a shift from volume to value-based care, there has been an increased focus on patient registries, a rise in the adoption of EMR in hospitals, and exponential growth in mobile health data and social media which have resulted in the generation of huge amounts of medical data. 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. 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. The drug development and approvals segment is further sub-segmented into oncology, cardiovascular disease, neurology, immunology, and other therapeutic areas. "Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025 (in zettabytes)." 10.5 LATIN AMERICA - 46) TABLE 56 NORTH AMERICA: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) The market is expected to expand at a CAGR of 8.2% from 2023 to 2030. 5.2.4.2 Shortage of skilled professionals, 6 INDUSTRY INSIGHTS (Page No. With the given market data, MarketsandMarkets offers customizations as per your companys specific needs. 13.5 AUTHOR DETAILS. The third table is a tabulation of the CIA World Factbook GDP (PPP) data update of 2019. These marketplaces and exchanges provide centralized availability and access (to X analytics and other unique data sets, for example) that create economies of scale to reduce costs for third-party data. Communications, Media and Entertainment. 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. 6.7.3.1 China - 81) REDDING, Calif., March 10, 2022 /PRNewswire/ -- According to a new market research report titled "Real-World Evidence (RWE) Solutions Market by Component (Datasets [Clinical, Claims, Pharmacy, Integrated], Services), Application (Market Access, Oncology, Neurology, Post Market Surveillance), End User (Pharma Companies, Providers) - Global Forecast to 2028", published by Meticulous Research, the Real-World Evidence (RWE) solutions market is expected to grow at a CAGR of 11.8% from 2021 to 2028 to reach $4.4 billion by 2028. 12.2.3 SYAPSE INC. FIGURE 15 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 2022 VS. 2027 (USD MILLION) FIGURE 17 SUPPORT FROM REGULATORY BODIES FOR THE USE OF RWE SOLUTIONS IS A MAJOR FACTOR DRIVING THE MARKET GROWTH TABLE 180 ELEVANCE HEALTH: BUSINESS OVERVIEW 12.1.1 IQVIA HOLDINGS INC. You can only download this statistic as a Premium user. 10.3.4 ITALY Global top 2000 strategist rely on us for their growth strategies. Pharmaceutical companies are focusing on evidence to create a more holistic picture of a drug's value and demonstrate the newly developed drug's value outside of clinical trials. The ideal entry-level account for individual users. TABLE 151 REST OF ASIA PACIFIC: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) Based on our analysis, the global market exhibited an average growth of 12.5% in 2020 as compared to 2019. 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. 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. 10.3.1.1 High pharmaceutical R&D spending in Germany to boost the market growth 10.5.1 INCREASED HEALTHCARE EXPENDITURE TO SUPPORT MARKET GROWTH 12.1.17 CLINIGEN 10.2.1.1 The US accounted for the largest share of the North American market Government site is driven BY a sharp increase in data volume february 22 2023. Increase in data volume MILLION ) Please do not hesitate to contact me do not hesitate to me... 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