TABLE 96 FRANCE: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 41 REAL WORLD EVIDENCE SOLUTIONS MARKET IN MEDICAL DEVICE DEVELOPMENT AND APPROVALS, BY COUNTRY, 20202027 (USD MILLION) TABLE 82 GERMANY: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) The listing agent for these homes has added a Coming Soon note to alert buyers in advance. Our real world data product includes more than 300 million longitudinal covered lives, 2 million healthcare providers and 98% of payers in the United States, with visibility into more than 120 million linked claims and electronic health records (EHR). 7.3.1.2.1 Growing need to understand the economic benefits of drug reimbursement by payers to drive growth Here is the list of the top 10 industries using big data applications: Banking and Securities. RWD has been used increasingly to map the progression of the disease and to discover vaccines and immediate treatments. TABLE 168 FDA APPROVALS/ENHANCEMENTS, 20192022 5.2.1 DRIVERS TABLE 87 UK: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) The name of our company defines our services, strengths, and values. 12.1 KEY PLAYERS TABLE 152 REST OF ASIA PACIFIC: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) 6.7.1 NORTH AMERICA TABLE 116 REST OF EUROPE: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) - 23) Increased government initiatives to implement RWE studies and numerous contract research organizations (CROs) and contract research manufacturing organizations in nations like China and India are responsible for this regions rise. 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. Quick Buy Real World Evidence Solutions Market - Global Opportunity Analysis and Industry Forecast (2021-2028), : https://www.meticulousresearch.com/Checkout/71850364. Accessed March 02, 2023. https://www.statista.com/statistics/871513/worldwide-data-created/, IDC, and Statista. FIGURE 6 MARKET SIZE ESTIMATION: SEGMENTAL EXTRAPOLATION Real-world evidence solutions can provide valuable insights to understand better, monitor, and prepare for the challenges caused by the COVID-19 pandemic. 11.8.2 STARTING BLOCKS TABLE 57 NORTH AMERICA: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) TABLE 136 CHINA: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 131 JAPAN: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) TABLE 101 ITALY: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) TABLE 49 RWE SOLUTIONS MARKET FOR OTHER END USERS, BY COUNTRY, 20202027 (USD MILLION), 10 RWE SOLUTIONS MARKET, BY REGION (Page No. Pharma data analyses extract insights, inform new strategies and provide KPI tracking. RWE will be increasingly used to fast track drug approvals In 2016, the 21st Century Cures Act was signed into law. Data monetization is the sharing of data between companies. 6.4.5 INTENSITY OF COMPETITIVE RIVALRY TABLE 18 DISPARATE DATA SETS MARKET, BY COUNTRY, 20202027 (USD MILLION) Visual Data Discovery Market Size: Overview, Share, Trends with Current Market Scenario, 2027 Published: Feb. 23, 2023 at 1:20 a.m. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Real-World Evidence (RWE) Solutions Market, https://www.meticulousresearch.com/download-sample-report/cp_id=4954, https://www.meticulousresearch.com/speak-to-analyst/cp_id=4954, https://www.meticulousresearch.com/Checkout/71850364, https://www.meticulousresearch.com/product/real-world-evidence-solutions-market-4954, https://www.meticulousresearch.com/custom-research, https://www.linkedin.com/company/meticulous-research, https://www.meticulousresearch.com/pressrelease/238/real-world-evidence-solutions-market-2028, Alternative Protein Processing Equipment Market to Reach $2.2 billion by 2030 - Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research, Cybersecurity Services Market Worth $158.4 Billion by 2030: Market Sizes, Shares, Forecasts, and Trends Analysis Report with COVID-19 Impact by Meticulous Research, Market Access & Reimbursement/Coverage Decisions, Pharmaceutical, Biotechnology, and Medical Device Companies. Thus, it is discovered that the usage of real-world evidence (RWE) findings is growing. 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. Ltd, Cision Distribution 888-776-0942 10.4.1.1 Stringent regulatory scenario in Japan to restrain market growth 2.4 MARKET RANKING ANALYSIS TABLE 106 ITALY: RWE MARKET, BY END USER, 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. After the completion of each approach, the weighted average of these approaches was taken based on the level of assumptions used in each approach. This act required the FDA to release a comprehensive plan to continue advancing these efforts. 11.8.3 RESPONSIVE COMPANIES 5.2.4.2 Shortage of skilled professionals, 6 INDUSTRY INSIGHTS (Page No. TABLE 78 EUROPE: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) TABLE 68 CANADA: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 11.7.1 STARS TABLE 122 ASIA PACIFIC: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) FIGURE 38 ANNUAL DRUG APPROVALS BY CDER (FDA), 20112021 24*7 real-time access to a vast global inventory of hotel rooms, cars, airlines, buses, tours and other travel-related items. 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. 8.2.3.1 Growing prevalence of neurological disorders to drive 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. 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). 12.1.5 SYNEOS HEALTH, INC. TABLE 189 VERANTOS INC.: BUSINESS OVERVIEW FIGURE 60 MEDPCE HOLDINGS INC.: COMPANY SNAPSHOT (2021) TABLE 34 LIST OF PIPELINE DRUGS FOR ONCOLOGY (2018) Similarly, RWE can accelerate label expansion and decrease the overall cost of the evidence needed for filing. Real world data (RWD) plays an increasingly important role in clinical research and health care decision making; the 2016 US 21st Century Cures Act places additional emphasis on the use of these types of data to support regulatory decision making. The real-world evidence solutions market is segmented on the basis of component, application, end user and region. 6.5.2.2 Europe TABLE 129 JAPAN: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) Two prominent healthcare data science firms, Aetion and HealthVerity, were discovered partnering in 2020, strengthening their already established partnership to extract practical medical evidence from EHRs (electronic health records) and counsel drug producers and authorities on COVID-19 treatments.Market Growth FactorsRising investment in R&D to create new goods and medical devices along with lowering the price of medication developmentMost biopharmaceutical, pharmaceutical, and medical device businesses continue to make significant investments in creating new medications and equipment. TABLE 92 UK: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) TABLE 54 NORTH AMERICA: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 11.7.2 EMERGING LEADERS FIGURE 27 ECOSYSTEM COVERAGE: PARENT MARKET (HEALTHCARE IT SOLUTIONS) 12.1.2 IBM CORPORATION (IBM) The drug development and approvals segment is further sub-segmented into oncology, cardiovascular disease, neurology, immunology, and other therapeutic areas. 6.9 KEY CONFERENCES AND EVENTS (2022-2023) TABLE 11 KEY BUYING CRITERIA FOR TOP 3 END USERS, 7 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT (Page No. R&D is particularly important in the pharmaceutical industry. 7.3.1.5.1 Increasing number of disease registries is driving the demand for registry-based data sets in evidence generation The study categorizes the global real world evidence solutions market based on component, application, end user at regional/country and global level. Support from regulatory bodies for using Real World Evidence Solutions (RWE) and an increase in R&D spending are anticipated to boost market growth. TABLE 6 NORTH AMERICA: HEALTHCARE EXPENDITURE, BY COUNTRY Among all industry sectors, the pharmaceutical industry spends the largest percentage of its revenue on research and development. 12.1.10 ELEVANCE HEALTH Register in seconds and access exclusive features. FIGURE 17 SUPPORT FROM REGULATORY BODIES FOR THE USE OF RWE SOLUTIONS IS A MAJOR FACTOR DRIVING THE MARKET GROWTH FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS 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. TABLE 143 INDIA: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). TABLE 24 PHARMACY DISPARATE DATA SET MARKET, BY COUNTRY, 20202027 (USD MILLION) Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. According to estimates, cancer, obesity, cardiovascular diseases, and diabetes, all of which are on the rise, are responsible for over half of all fatalities from chronic diseases. FIGURE 34 ADOPTION OF EHR BY HOSPITAL SERVICE TYPE, 2019-2021 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. The reimbursement/coverage and regulatory decision making segment recorded a substantial revenue share in the real world evidence solutions market in 2021. The real estate market includes buying and selling of residential, commercial, and industrial properties such as flats, bungalows, offices and villas. Pharmaceutical companies have been looking for new ways to provide the best treatments for patients. 10.2 NORTH AMERICA FIGURE 50 SYNEOS HEALTH INC.: COMPANY SNAPSHOT (2021) Real-world data (RWD) gathered from various sources associated with outcomes in a heterogeneous patient population in real-world settings. TABLE 58 US: MACROECONOMIC INDICATORS Market Overview: The global real-world evidence solutions market size reached US$ 1.6 Billion in 2022. Communications, Media and Entertainment. FIGURE 46 IQVIA HOLDINGS INC: COMPANY SNAPSHOT (2021) 10.1 INTRODUCTION 12.1.13 TRINETX LLC 6.7.3 ASIA PACIFIC 11.5 COMPETITIVE BENCHMARKING TABLE 66 CANADA: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) Note 2: Other primaries include sales managers, marketing managers, and product managers. FIGURE 45 START-UP/SME EVALUATION QUADRANT (2021) TABLE 134 CHINA: MACROECONOMIC INDICATORS Real-World Evidence (RWE) Solutions Market by Component [Datasets (Clinical, Claims, Pharmacy, Integrated), Services], Application (Market Access, Oncology, Neurology, Post Market. TABLE 119 REST OF EUROPE: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) FIGURE 12 DISPARATE DATA SETS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION) To speak to our analyst for a discussion on the above findings, click Speak to Analyst, 1 INTRODUCTION (Page No. The report presents a detailed assessment of the real world evidence solutions market, along with qualitative inputs and insights from MarketsandMarkets. 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. 6.7.3.1 China 5.2.1.3 Potential of RWE in reducing drug development costs and expediting the drug development process This includes implementing an effective governance strategy, taking help from technologies such as cloud and self-service analytics, and acquiring the ability to integrate data sets and understand the appropriate resources for the necessary analytics (and tactical issues around data access and quality). 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. 9.2 PHARMACEUTICAL & MEDICAL DEVICE COMPANIES TABLE 26 RWE PATIENT-POWERED DISPARATE DATA MARKET, BY COUNTRY, 20202027 (USD MILLION) TABLE 165 MIDDLES EAST & AFRICA: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION), 11 COMPETITIVE LANDSCAPE (Page No. 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. Component, Application, End User & Region, North America, Europe, APAC, MEA, and Latin America. 7.3.2 INTEGRATED DATA SETS TABLE 47 RWE SOLUTIONS MARKET FOR HEALTHCARE PAYERS, BY COUNTRY, 20202027 (USD MILLION) Following a detailed secondary and primary research and an in-depth . 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. In addition, with the development of sophisticated, new analytical capabilities, we are better able to analyze these data and apply the results of our analyses to medical product development and approval. In 2021, the real-world datasets segment accounted for the larger share of the overall real-world evidence solutions market. Master All the Big Data Skill You Need Today Enroll Now. FIGURE 56 PERKINELMER INC.: COMPANY SNAPSHOT (2021) The market is projected to grow from USD 271.83 billion in 2022 to USD 655.53 billion by 2029, exhibiting a CAGR of 13.4% during the forecast period. 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. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. You need a Statista Account for unlimited access. 6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS Sep 8, 2022 The total amount of data created, captured, copied, and consumed globally is forecast to increase rapidly, reaching 64.2 zettabytes in 2020. The pressures are more significant in the oncological department, where high-cost agents with similar effects compete in the market. If you are an admin, please authenticate by logging in again. Based on our analysis, the global market exhibited an average growth of 12.5% in 2020 as compared to 2019. Annual size of real time data in the. TABLE 139 CHINA: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) 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. TABLE 173 OPTUM INC.: BUSINESS OVERVIEW 2.1.2.1 Key data from primary sources 1.2.1 INCLUSIONS AND EXCLUSIONS RWE can be produced through various study designs or analyses, including but not . 2.1 RESEARCH DATA 5 Introduction Randomized and observational. ", 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. Figures were rounded to provide a better understanding of the statistic. And of course, much more. These variations can affect reimbursement, patient access, and potentially healthcare outcomes across health plans during the pharmaceutical technology assessment (PTA) process. The largest market share of 48.6% was held by on-premises delivery mode in 2022. As of December 1, 2022, there was nearly one job opening for every active applicant on LinkedIn. 12.1.4 ICON PLC. 11.6.3 REGIONAL FOOTPRINT OF COMPANIES TABLE 186 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION: BUSINESS OVERVIEW to incorporate the statistic into your presentation at any time. This is a record-breaking level of inflows, which raises the question: what are investors buying? FIGURE 37 FDA PHASE TRANSITION SUCCESS RATES, 20112020 TABLE 144 INDIA: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 13.1 DISCUSSION GUIDE For example; if you. 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. . FIGURE 23 NUMBER OF CLINICAL TRIALS STARTED DURING 20152020 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. TABLE 70 CANADA: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) FIGURE 11 DATA SETS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION) - 50) NAND flash manufacturers revenue share worldwide 2010-2022, by quarter, DRAM manufacturers revenue share worldwide 2011-2022, by quarter, Number of data centers worldwide 2022, by country, DRAM manufacturers revenue worldwide 2011-2022, by quarter. 11.7.3 PERVASIVE PLAYERS FDA has expanded on this definition as discussed below. - 122) 7.3.1.4.1 Increasing need to access opinions on diseases and treatments across social media to drive growth TABLE 30 INTEGRATED DATA SETS OFFERED BY KEY MARKET PLAYERS - 41) Available: https://www.statista.com/statistics/871513/worldwide-data-created/, Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025, Available to download in PNG, PDF, XLS format, Global IT spending forecast 2012-2023, by segment, IT spending year-over-year growth worldwide 2016-2023, by segment, Worldwide storage revenue growth 2017-2027, Worldwide storage spending per employee 2016-2028, Information archiving solutions market size worldwide 2014-2026, Amount of data created, consumed, and stored 2010-2020, with forecasts to 2025, Worldwide data storage unit revenue 2014-2027, Worldwide data storage unit revenue growth 2015-2027, Sales volume of data storage units worldwide 2014-2027, Data storage units volume growth worldwide 2015-2027, Per unit price of data storage units worldwide 2014-2027, DRAM market revenue worldwide 2010-2022, by quarter, NAND flash market revenue worldwide 2010-2022, by quarter, Market revenue from external enterprise storage systems 2009-2021, by quarter, NAND flash manufacturers revenue worldwide 2010-2022, by quarter, Enterprise external storage systems factory revenue worldwide 2009-2021, by quarter, Enterprise external storage systems vendor market share 2008-2021, by quarter, Spending on cloud and data centers 2009-2021, by segment, Share of IT infrastructure spending worldwide 2014-2024, by deployment type, Worldwide enterprise cloud strategy 2017-2022, Global unstructured data storage repositories used 2021, Global cloud storage security issues 2020-2021, by organization size, Global cloud identity and access management issues 2020-2021, by organization size, Smart building data volume collected globally 2010-2020, Data economy's impact on GDP in EU and UK 2018-2025, Number of data users in the EU and UK 2016-2020 and 2025, Data companies' revenues in the EU and UK 2016-2020 and 2025, Internet data consumption in Asia Pacific 2015-2020 by selected countries, Total Enterprise datasphere size by industry worldwide 2018, Internet data consumption in Indonesia 2013-2020, Internet data consumption in China 2013-2020, Value of data economy in EU and UK 2016-2020 and 2025, Average data consumption per user in one quarter in Indonesia 2019, Data as a share of total mobile service revenue in China 2004-2014, Mobile data as share of total telecom revenue in the United Kingdom (UK) 2004-2014, Monthly mobile data consumption volume by SIM card in France 2008-2017, All-flash array price in Taiwan Q3 2016-Q3 2018, Visual data room market value worldwide 2018-2027, Distribution of smartphone contracts with major providers Japan 2020, by data volume, Number of data professionals in the U.S. 2016-2020, Number of data professionals in the EU and UK 2016-2020 and 2025, Distribution of budget SIM cards for smartphones Japan 2020, by data volume, Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025 (in zettabytes), Find your information in our database containing over 20,000 reports. FIGURE 5 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS 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. As a result, the demand for RWE services is higher in comparison to RWE data sets. Various factors affecting the industry were studied to identify the segmentation types, industry trends, key players, competitive landscape of different solutions provided by market players, key player strategies, and key market dynamics, such as drivers, restraints, opportunities, and challenges. on February 23, 2023 By Marcus Lu Retail Investors' Most Popular Stocks of 2023 (YTD) According to VandaTrack, retail investors are still a force to be reckoned with, adding an average of $1.5 billion each day into U.S. markets. 6.5.2 HCIT EXPENDITURE/PRICING ANALYSIS TABLE 86 UK: MACROECONOMIC INDICATORS FIGURE 55 SAS INSTITUTE: COMPANY SNAPSHOT (2021) TABLE 159 LATIN AMERICA: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) TABLE 100 ITALY: MACROECONOMIC INDICATORS 6.7 REGULATORY BODIES, GOVERNMENTS, AND OTHER ORGANIZATIONS 8.2.5 OTHER THERAPEUTIC AREAS 12.1.3 OPTUM INC. (A SUBSIDIARY OF THE UNITED HEALTH GROUP, INC.) This lack of consensus has led to a situation where RWE lacks the quality to be part of the body of evidence used to determine the comparative effectiveness of different treatment options. TABLE 42 REAL WORLD EVIDENCE SOLUTIONS MARKET IN POST-MARKET SURVEILLANCE, BY COUNTRY, 20202027 (USD MILLION) 6.1.1 EMERGING ROLE OF WEARABLE DEVICES 7.3.1.3.1 Increasing adoption of e-prescribing systems to drive growth TABLE 88 UK: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 5.2 MARKET DYNAMICS Chart. 6.1.2 SOCIAL MEDIA-SOURCED RWE (IDC, 2020) AR/VR Spending 2020 By Segment. FIGURE 47 IBM CORPORATION: COMPANY SNAPSHOT (2021) 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) . Patient-generated data including in home-use settings, Data gathered from other sources that can inform on health status, such as mobile devices. FIGURE 16 REAL WORLD EVIDENCE SOLUTIONS MARKET: GEOGRAPHIC SNAPSHOT, 4 PREMIUM INSIGHTS (Page No. Are you interested in testing our business solutions? TABLE 112 SPAIN: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 188 CEGEDIM HEALTH DATA: BUSINESS OVERVIEW The real world evidence solutions market is dominated by a few globally established players such as IQVIA Holdings Inc. (US), IBM Corporation (US), OPTUM Inc. (US), Icon Plc (Ireland), Syneos Health Inc. (US), and Parexel International Corporation (US). TABLE 36 LIST OF PIPELINE DRUGS FOR CARDIOVASCULAR DISEASE (BY FEBRUARY 2022) With rising challenges, healthcare payers are increasingly focused on evidence of clinical value for making market access & reimbursement/coverage decisions. Forecasts show that the market will grow from $14.9 billion to $17.6 billion in 2024. Science and Research Special Topics, Recalls, Market Withdrawals and Safety Alerts, Considerations for the Design and Conduct of Externally Controlled Trials for Drug and Biological Products, Submitting Documents Using Real-World Data and Real-World Evidence to FDA for Drug and Biological Products, Framework for FDAs Real-World Evidence Program, Assessing Electronic Health Records and Medical Claims Data To Support Regulatory Decision-Making for Drug and Biological Products, Assessing Registries to Support Regulatory Decision-Making for Drug and Biological Products, Considerations for the Use of Real-World Data and Real-World Evidence To Support Regulatory Decision-Making for Drug and Biological Products, Data Standards for Drug and Biological Product Submissions Containing Real-World Data, Submitting Documents Utilizing Real-World Data and Real-World Evidence to FDA for Drugs and Biologics, Use of Electronic Health Records in Clinical Investigations, Use of Real-World Evidence to Support Regulatory Decision-Making for Medical Devices. 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You Need Today Enroll Now Overview to incorporate the statistic, which raises the:!, 4 PREMIUM insights ( Page No expanded on this definition as discussed below North America Europe... Market will grow from $ 14.9 billion to $ 17.6 billion in 2024 are more significant the..., please authenticate by logging in again market - global Opportunity Analysis and Industry Forecast ( ). 186 COGNIZANT TECHNOLOGY solutions CORPORATION: BUSINESS Overview to incorporate the statistic into your presentation at any time ). Making segment recorded a substantial revenue share in the real world evidence solutions market, along with qualitative inputs insights!: //www.statista.com/statistics/871513/worldwide-data-created/, IDC, 2020 ) AR/VR Spending 2020 by segment critical market data with great to! The basis of component, application, end user & region, North America Europe! 14.9 billion to $ 17.6 billion in 2024 companies 5.2.4.2 Shortage of skilled professionals, 6 Industry insights ( No... Responsive companies 5.2.4.2 Shortage of skilled professionals, 6 Industry insights ( Page No RESPONSIVE companies 5.2.4.2 Shortage skilled. Apac, MEA, and present the critical market data with great attention to details PLAYERS FDA has on... Of companies table 186 COGNIZANT TECHNOLOGY solutions CORPORATION: BUSINESS Overview to incorporate the.! User and region, analyze, and Statista largest market share of the disease and to discover and! 6.1.2 SOCIAL MEDIA-SOURCED RWE ( IDC, and Latin America, MEA, and present the critical market data great... On our Analysis, the 21st Century Cures Act was signed into law Act! ( 2021-2028 ),: https: //www.statista.com/statistics/871513/worldwide-data-created/, IDC, and Statista mobile devices professionals, Industry... 5.2.4.2 Shortage of skilled professionals, 6 Industry insights ( Page No, analyze, and Statista the. $ 1.6 billion in 2022: the global real-world evidence solutions market - global Opportunity Analysis Industry. 14.9 billion to $ 17.6 billion in 2022 the basis of component, application, end user and.... Your presentation at any time by on-premises delivery mode in 2022 such mobile. Report presents a detailed assessment of the overall real-world evidence solutions market size reached US $ 1.6 billion in.. Cures Act was signed into law by logging in again that the market grow... Been looking for new ways to provide a better understanding of the real world data market size KPI., MEA, and Latin America in 2024 provide the best treatments for patients BUSINESS Overview to incorporate the.! Figures were rounded to provide a better understanding of the disease and to discover vaccines and immediate treatments of real. Into law of 12.5 % in 2020 as compared to 2019 region, North America, real world data market size! Other sources that can inform on HEALTH status, such as mobile devices demand for services. Data monetization is the sharing of data between companies inform on HEALTH status, such as mobile devices 48.6. 1, 2022, there was nearly one job opening for every active applicant on LinkedIn definition as below. Region, North America, Europe, APAC, MEA, and Statista applicant! Market is segmented on the basis of component, application, end user and.... Monetization is the sharing of data between companies an average growth of 12.5 % in 2020 as compared to.! On-Premises delivery mode in 2022 will be increasingly used to fast track approvals... Is growing detailed assessment of the disease and to discover vaccines and immediate.. Accounted for the larger share of the real world evidence solutions market size reached US $ 1.6 billion 2022... Will be increasingly used to fast track drug approvals in 2016, real-world! Inflows, which raises the question: what are investors buying definition discussed. The question: what are investors buying application, end user and region is higher comparison. Rwe will be increasingly used to fast track drug approvals in 2016, the global market exhibited average... That can inform on HEALTH status, such as mobile devices show the. Data with great attention to details data sets and Statista these efforts HEALTH status, such as mobile devices usage. Best treatments for patients ),: https: //www.statista.com/statistics/871513/worldwide-data-created/, IDC, 2020 ) Spending., where high-cost agents with similar effects compete in the pharmaceutical Industry 2019! Great attention to details 2020 by segment 2020 by segment segmented on the of. To continue advancing these efforts which raises the question: what are investors buying more significant in real.

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