7.3.2 INTEGRATED DATA SETS 6.5.2.2 Europe 7.3.1.5.1 Increasing number of disease registries is driving the demand for registry-based data sets in evidence generation Component, Application, End User & Region, North America, Europe, APAC, MEA, and Latin America. 8.2.3 NEUROLOGY TABLE 163 MIDDLES EAST & AFRICA: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) The healthcare landscape is continuously developing and shifting towards value-based care from volume-based care. Market Overview: The global real-world evidence solutions market size reached US$ 1.6 Billion in 2022. 6.4.3 BARGAINING POWER OF BUYERS RWD has been used increasingly to map the progression of the disease and to discover vaccines and immediate treatments. DownloadFree Sample Report Now @https://www.meticulousresearch.com/download-sample-report/cp_id=4954. The global real world evidence solutions market size is expected to reach USD 78.80 billion by 2030. Methods: This review explores how hybrid study designs that include features of RCTs and studies with real-world . 10.4.1.1 Stringent regulatory scenario in Japan to restrain market growth FIGURE 30 TOP APPLICANTS & OWNERS (COMPANIES/INSTITUTIONS) FOR MEDICAL SIMULATION PATENTS (JANUARY 2011 TO JUNE 2021) At Pitt . 8.2.2 CARDIOVASCULAR DISEASE 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. 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. 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. TABLE 24 PHARMACY DISPARATE DATA SET MARKET, BY COUNTRY, 20202027 (USD MILLION) 8.3.1 INCREASING RESEARCH IN MEDICAL DEVICE DEVELOPMENT TO DRIVE DEMAND Through this acquisition, the company would focus on developing drugs by using data, applying techniques, and identifying a variety of patient populations.Dec-2020: Syneos Health completed the acquisition of Illingworth Research Group, a provider of clinical research home health services. statistic alerts) please log in with your personal account. TABLE 22 CLAIMS DISPARATE DATA SETS MARKET, BY COUNTRY, 20202027 (USD MILLION) TABLE 180 ELEVANCE HEALTH: BUSINESS OVERVIEW FIGURE 16 REAL WORLD EVIDENCE SOLUTIONS MARKET: GEOGRAPHIC SNAPSHOT, 4 PREMIUM INSIGHTS (Page No. TABLE 127 JAPAN: MACROECONOMIC INDICATORS TABLE 185 PERKINELMER INC.: BUSINESS OVERVIEW FIGURE 56 PERKINELMER INC.: COMPANY SNAPSHOT (2021) 2.7.1 METHODOLOGY-RELATED LIMITATIONS, 3 EXECUTIVE SUMMARY (Page No. 8.2.5 OTHER THERAPEUTIC AREAS TABLE 126 ASIA PACIFIC: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) 11.7.3 PERVASIVE PLAYERS Who will be your Top Customer; what will make them switch? FIGURE 38 ANNUAL DRUG APPROVALS BY CDER (FDA), 20112021 FIGURE 45 START-UP/SME EVALUATION QUADRANT (2021) 11.9 COMPETITIVE SCENARIO Real-World Evidence (RWE) Solutions Market by Component [Datasets (Clinical, Claims, Pharmacy, Integrated), Services], Application (Market Access, Oncology, Neurology, Post Market. Vendors often customise the required services as per the client's requirements, which proves time- and cost-effective for clients in comparison to procuring the data sets and analysing them to generate meaningful information. For our commercial pharma clients we integrate their commercial datasets such as ex-factory, in market sales and activity data. What are the benefits of the emerging trends in the global RWE Solutions Market? Similarly, RWE can accelerate label expansion and decrease the overall cost of the evidence needed for filing. FIGURE 53 ORACLE CORPORATION: COMPANY SNAPSHOT (2021) FIGURE 35 TOTAL E-PRESCRIPTIONS AND CONTROLLED SUBSTANCE PRESCRIPTIONS IN THE US (2018-2021) The worldwide market size of BI & analytics software applications could reach $17.6 billion by 2024. Here is the list of the top 10 industries using big data applications: Banking and Securities. TABLE 60 US: 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. 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. FIGURE 7 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 10.2 NORTH AMERICA ,5002,7503,0003,5004 . TABLE 138 CHINA: RWE MARKET, BY APPLICATION, 20202027 (USD MILLION) In, IDC, und Statista. Annual size of real time data in the. The following customization options are available for the report: Which are the different countries covered across the regions of the Global RWE Solutions Market? TABLE 114 REST OF EUROPE: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 12.1.6 PAREXEL INTERNATIONAL CORPORATION 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. 7.3.1.3.1 Increasing adoption of e-prescribing systems to drive growth The Americas contributed 40.2% of the overall market size estimate. TABLE 150 REST OF ASIA PACIFIC: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) Key companies profiled in the report include 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.), and Syneos Health, Inc.Strategies Deployed in Real World Evidence Solutions MarketDec-2022: IBM signed an agreement to acquire Octo, a digital transformation service provider exclusively serving the U.S. federal government. They are derived from electronic health records (EHRs), claims and billing activities, product and disease registries, etc. 10.3.2 UK RWD improves likelihood of launch across all therapeutic areas - Drugs developed using real-world data had a higher likelihood of launch (89%) than the comparison group (68%), in all drugs and our three therapeutic areas. 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. Over the next five years up to 2025,. 11.8.4 DYNAMIC COMPANIES TABLE 125 ASIA PACIFIC: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) 7.3.1.1.1 Increasing utilization of EHR data for trial recruitment to fuel growth 7.3.1.2 Claims data set 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) - Forecast to 2028, https://www.meticulousresearch.com/product/us-rwe-solutions-market-5243. Given the low number of trials (57), it is difficult to reach a conclusion for each therapeutic area. TABLE 188 CEGEDIM HEALTH DATA: BUSINESS OVERVIEW The process of drug development requires evidence on population size, clinical disease progression, and adherence to similar therapies that can support decision-making. - 81) 2.2 MARKET SIZE ESTIMATION: REAL WORLD EVIDENCE SOLUTIONS MARKET TABLE 167 REAL WORLD EVIDENCE SOLUTIONS MARKET: DETAILED LIST OF SMALL & MEDIUM PLAYERS 6.6 TECHNOLOGY ANALYSIS What are the major revenue pockets in the real world evidence solutions market currently? 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. 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 29 REGISTRY-BASED DISPARATE DATA SETS MARKET, BY COUNTRY, 20202027 (USD MILLION) To forecast the size of the market segments with respect to five regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market is expected to expand at a CAGR of 8.2% from 2023 to 2030. 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. TABLE 86 UK: MACROECONOMIC INDICATORS TABLE 104 ITALY: RWE MARKET, BY APPLICATION, 20202027 (USD MILLION) 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. FDA uses RWD and RWE to monitor postmarket safety and adverse events and to make regulatory decisions. TABLE 50 RWE SOLUTIONS MARKET, BY REGION, 20202027 (USD MILLION) A series of well-publicized recalls, and regulatory settlements have left policymakers and consumers questioning the safety of medical products and their trust in manufacturers. TABLE 9 REAL WORLD EVIDENCE SOLUTIONS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 6.5.2.1 North America IDC, & Statista. Hence, a successful phase transition is dependent on strong real-world outcomes. TABLE 110 SPAIN: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 12.1.7 THERMO FISHER SCIENTIFIC INC. Currently, the number of real-world evidence trials has increased for 2021. This research study involved the extensive use of both primary and secondary sources. 6.8 PATENT ANALYSIS FDA has expanded on this definition as discussed below. FIGURE 36 NUMBER OF CLINICAL TRIALS (COMPLETED), BY CONDITION/DISEASE, SEPTEMBER 2022 8.2.4 IMMUNOLOGY Please do not hesitate to contact me. 10.4 ASIA PACIFIC 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. 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. 2.4 MARKET RANKING ANALYSIS The diabetes segment witnessed a significant revenue share in the real world evidence solutions market in 2021. 5.2.4.2 Shortage of skilled professionals, 6 INDUSTRY INSIGHTS (Page No. Healthcare Providers. With rising challenges, healthcare payers are increasingly focused on evidence of clinical value for making market access & reimbursement/coverage decisions. 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 118 REST OF EUROPE: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) The segments growth is linked to the widespread use of real-world evidence services by healthcare organizations and businesses involved in biotechnology and pharmaceuticals. Users can now filter, sort and download two data types: Summary Automotive Trends Data. 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. RWE can be produced through various study designs or analyses, including but not limited to randomized trials, large simple trials, pragmatic trials, and observational studies (prospective or retrospective). FIGURE 13 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION) 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. RWE will be increasingly used to fast track drug approvals In 2016, the 21st Century Cures Act was signed into law. 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. TABLE 151 REST OF ASIA PACIFIC: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) Pharmaceutical businesses, as well as health insurance payers, research RWE in order to comprehend patient pathways, provide appropriate care for the right people, and reduce their financial risk by funding patient-effective drugs.The World Ageing Population report estimates that 703 million individuals worldwide were 65 years of age or older in 2019, and that figure is projected to rise to 1.5 billion by 2050. TABLE 98 FRANCE: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 134 CHINA: MACROECONOMIC INDICATORS TABLE 100 ITALY: MACROECONOMIC INDICATORS Many medical professionals and pharmaceutical companies have used their resources to stop the COVID-19 pandemics spread and create efficient drugs and vaccinations. Click Manage settings for more information and to manage your choices. Global Real World Evidence Solutions Market Size, Share & Trends Analysis Report by Component (Services, Data Sets), by Application, by End-user, by . The 21st Century Cures Act, passed in 2016, places additional focus on the use of these types of data to support regulatory decision making, including approval of new indications for approved drugs. 4.5 RWE SOLUTIONS MARKET: DEVELOPED VS. 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. TABLE 90 UK: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) As real world data frequently needs to combine data from multiple technology architectures including data from healthcare sources, patient reported outcomes, electronic data capture (EDC) or a mobile health technology, a highly specialized infrastructure is needed. Despite the rapid adoption of RWE across applications, some stakeholders remain reluctant to rely on real-world studies. 11.8.3 RESPONSIVE COMPANIES FIGURE 41 ASIA PACIFIC: REAL WORLD EVIDENCE SOLUTIONS MARKET SNAPSHOT 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. 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. 10.5.1 INCREASED HEALTHCARE EXPENDITURE TO SUPPORT MARKET GROWTH 10.3.1 GERMANY The growth of this market is driven by factors such as the rising prevalence of chronic diseases, rapidly growing big data in healthcare, the shift from volume to value-based care, and the Communications, Media and Entertainment. TABLE 95 FRANCE: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) As a Premium user you get access to background information and details about the release of this statistic. TABLE 129 JAPAN: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 108 SPAIN: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) This platform is an innovative approach that enables customers in the life sciences industry to discover powerful new insights, drive smarter decision-making, and get treatments to patients faster. 10.4.1 JAPAN Pharmaceutical corporations spend billions on research & development with a minimal chance of success before bringing a new medication molecule to market.Pharma research facilities need a strong understanding of treatment choices that are effective across a large population as opposed to small patient groups in clinical trials if they are to shorten drug development cycles. RWD provides supporting evidence for diseases with small size populations and rare cancers. TABLE 141 INDIA: MACROECONOMIC INDICATORS The FDA has already begun to incorporate RWE in regulatory decisions in the U.S. 6.5.2 HCIT EXPENDITURE/PRICING ANALYSIS TABLE 131 JAPAN: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) 6.1 INDUSTRY TRENDS What are the features and benefits of GDS? Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. - 122) 13.1 DISCUSSION GUIDE 7.3.1.1 Clinical settings data set TABLE 55 NORTH AMERICA: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) Global top 2000 strategist rely on us for their growth strategies. The job market has remained resilient through 2022 with employers still seeking to hire despite an uncertain economic outlook and elevated recession fears. 10.3.2.1 The growing adoption of HTA in the UK supports market growth 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) . 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. Activities, product and disease registries, etc revenue share in the real! Rwe can accelerate label expansion and decrease the overall market size estimate and studies with.! 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