The global demand for Real World Evidence Solutions Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Real-world evidence is a concept of collecting observational data from real-world outside the context of a randomised controlled trial. The data is generated during routine clinical practice to assess the patient's outcome. The record is stored in electronic health records, mobile devices, billing activities databases, etc. The RWE play a critical role in health and clinical studies, provides a solution to the problem, understands the patient pathway to deliver the appropriate care and also analyse effects of drugs during a timespan.
Real-World Evidence plays an essential role in health care decisions to monitor postmarket safety and adverse events. Healthcare product developers are using RWE to support observational studies and clinical trial designed to generate new treatment approaches. Growing healthcare and clinical trials are driving the growth of the market. Pharmaceutical industries are investing in the market to boost patients experience by providing observational studies, patient-centred research activities through social media and selectronic medical devices. Despite being a major contributor to clinical research, RWE faces challenges such as availability of data, different EMR system, concerns about quality and precision and governance issues.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Real World Evidence Solutions.
The entire Real World Evidence Solutions market has been sub-categorized into component, therepeutic area, end user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Therapeutic Area
- Claims Data
- Clinical Settings Data
- Patient-Powered Data
- Pharmacy Data
By End User
- Cardiovascular Disease
- Healthcare Payers
- Healthcare Providers
- Pharmaceutical & Medical Device Companies
This section covers regional segmentation which accentuates on current and future demand for Real World Evidence Solutions market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Real World Evidence Solutions Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Real World Evidence Solutions market include Iqvia, IBM, Oracle, Parexel, Optum. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.