FIGURE 31 JURISDICTION ANALYSIS: TOP APPLICANT COUNTRIES FOR RWE SOLUTIONS, 20162021 Figures were rounded to provide a better understanding of the statistic. FDA Announces New Funding Opportunity for Using Real-World Data to Generate Real-World Evidence in Regulatory Decision-Making, FDA Issues Draft Guidances on Real-World Evidence, Prepares to Publish More in Future, FDA Clinical Investigator Training Course, Real-World Evidence- Dec 2021, FDA Approves New Use of Transplant Drug Based on Real-World Evidence, FDA Announces 4 Grant Awards for Projects Exploring the Use of Real-World Data to Generate Real-World Evidence in Regulatory Decision-Making, CDER Small Business and Industry Assistance Webinar: Framework for FDAs Real-World Evidence Program - Mar 15, 2019, CDERMedicalPolicy-RealWorldEvidence@fda.hhs.gov. TABLE 46 RWE SOLUTIONS MARKET FOR PHARMACEUTICAL & MEDICAL DEVICE COMPANIES, BY COUNTRY, 20202027 (USD MILLION) DownloadFree Sample Report Now @https://www.meticulousresearch.com/download-sample-report/cp_id=4954. TABLE 112 SPAIN: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) 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. In August 2022, Trinity Life Sciences (US), announced a partnership with Bain & Company (US). Use Ask Statista Research Service. Before sharing sensitive information, make sure you're on a federal government site. 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. - 257) FIGURE 55 SAS INSTITUTE: COMPANY SNAPSHOT (2021) We, Yahoo, are part of the Yahoo family of brands. The collaboration would allow the company to improve research design and impact of real-world studies with an aim to advance patient health and clinical results.Jul-2021: ICON plc took over PRA Health Sciences, a contract research organization. The figures prior to 2020 are based on IDC's forecast from late 2018. TABLE 189 VERANTOS INC.: BUSINESS OVERVIEW 6.8 PATENT ANALYSIS 11.8.2 STARTING BLOCKS Methods: This review explores how hybrid study designs that include features of RCTs and studies with real-world . Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025 (in zettabytes) [Graph]. IBISWorld reports on thousands of industries around the world. 11.8.3 RESPONSIVE COMPANIES 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. 8.5 MARKET ACCESS AND REIMBURSEMENT/COVERAGE DECISION MAKING With the given market data, MarketsandMarkets offers customizations as per your companys specific needs. 12.1 KEY PLAYERS The absence of universally accepted standards or principles that can be used for designing, analyzing, and reporting RWE has become a major challenge in this market. 7500+ companies worldwide approach us every year for their revenue growth initiatives. 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. R&D is very important in the pharmaceutical business in particular. 8.2.2.1 High prevalence of CVD to drive growth Pharmaceutical companies require data describing both the approved and medically accepted alternative uses of previously approved drugs. In December 2021, TriNetX LLC announced the launch of Diversity Lens, an analytic feature that enables healthcare and life sciences organizations to make use of real-world data to comprehend and address racial and ethnic differences in clinical trial patient participation. The summary data allow users to explore the trends in fuel economy, CO 2, and vehicle attributes for model years 1975-2022. Data monetization is the sharing of data between companies. TABLE 7 JAPAN: HEALTHCARE IT INITIATIVES AND FUNDING TABLE 102 ITALY: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) Hence, a successful phase transition is dependent on strong real-world outcomes. Users can now filter, sort and download two data types: Summary Automotive Trends Data. TABLE 124 ASIA PACIFIC: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) TABLE 185 PERKINELMER INC.: BUSINESS OVERVIEW 5.2.2.1 Reluctance of medical practitioners and researchers to rely on real-world studies - 181) The Big Data industry is driven by a sharp increase in data volume. TABLE 147 INDIA: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) 1.2.1 INCLUSIONS AND EXCLUSIONS 6.8.2 JURISDICTION AND TOP APPLICANT ANALYSIS TABLE 69 CANADA: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) Note 2: Other primaries include sales managers, marketing managers, and product managers. The third table is a tabulation of the CIA World Factbook GDP (PPP) data update of 2019. Real-world evidence helps in understanding real-life clinical practices and actual health outcomes of drugs. 10.3.4.1 The demand for RWE in Italy is high due to the widespread use of pay-for-outcomes It was also used to obtain important information about the key players, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. Similarly, RWE can accelerate label expansion and decrease the overall cost of the evidence needed for filing. 1.2.2 MARKETS COVERED 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION Profit from the additional features of your individual account. Please do not hesitate to contact me. Domain News - Provides the latest real estate and property market news in Australia. TABLE 96 FRANCE: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) The name of our company defines our services, strengths, and values. 10.4 ASIA PACIFIC TABLE 38 DRUG DEVELOPMENT AND APPROVALS MARKET IN NEUROLOGY, BY COUNTRY, 20202027 (USD MILLION) TABLE 160 MIDDLES EAST & AFRICA: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD 8.2.1.1 Growing number of clinical trials focused on cancer treatment to drive growth FDA has expanded on this definition as discussed below. 12.1.15 PERKINELMER INC. TABLE 113 SPAIN: RWE MARKET, BY END USER, 20202027 (USD MILLION) The big data analytics market is set to reach $103 billion by 2023. FIGURE 54 ELEVANCE HEALTH: COMPANY SNAPSHOT (2021) 6.5.2.1 North America 11.8 COMPANY EVALUATION QUADRANT FOR START-UPS/SMES Following a detailed secondary and primary research and an in-depth . 6.3 ECOSYSTEM ANALYSIS 1.2.3 YEARS CONSIDERED FOR THE STUDY TABLE 45 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) TABLE 173 OPTUM INC.: BUSINESS OVERVIEW TABLE 159 LATIN AMERICA: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) TABLE 120 ASIA PACIFIC: RWE MARKET, BY COUNTRY, 20202027 (USD MILLION) TABLE 155 LATIN AMERICA: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 144 INDIA: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 43 RWE SOLUTIONS MARKET IN MARKET ACCESS AND REIMBURSEMENT/COVERAGE DECISION MAKING, BY COUNTRY, 20202027 (USD MILLION) 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. Download Report. 12.1.10 ELEVANCE HEALTH TABLE 167 REAL WORLD EVIDENCE SOLUTIONS MARKET: DETAILED LIST OF SMALL & MEDIUM PLAYERS This statistic is not included in your account. The global real world evidence solutions market in terms of revenue was estimated to be worth $1.5 billion in 2022 and is poised to reach $2.9 billion by 2027, growing at a CAGR of 15.2% from 2022 to 2027. Here is the list of the top 10 industries using big data applications: Banking and Securities. FIGURE 43 REAL WORLD EVIDENCE SOLUTIONS MARKET RANKING, BY KEY PLAYER, 2021 Global top 2000 strategist rely on us for their growth strategies. The health care community is using these data to support coverage decisions and to develop guidelines and decision support tools for use in clinical practice. FIGURE 7 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES - 81) 6.1.5 INCORPORATION OF ARTIFICIAL INTELLIGENCE IN RWD MANAGEMENT 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).. | Source: 6.1.1 EMERGING ROLE OF WEARABLE DEVICES FIGURE 53 ORACLE CORPORATION: COMPANY SNAPSHOT (2021) 11.7.3 PERVASIVE PLAYERS Moreover, the processes and evidence used in making pharmaceutical coverage decisions vary substantially among the payers. After the completion of each approach, the weighted average of these approaches was taken based on the level of assumptions used in each approach. As a Premium user you get access to the detailed source references and background information about this statistic. 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. 8.2 DRUG DEVELOPMENT AND APPROVALS 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. TABLE 29 REGISTRY-BASED DISPARATE DATA SETS MARKET, BY COUNTRY, 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. 10.4.2.1 Low cost of clinical trials and large pharmaceutical R&D base in China to drive market growth TABLE 190 MEDPACE HOLDINGS INC.: BUSINESS OVERVIEW Over the next five years up to 2025,. Randomized, observational, interventional, and real-world- Whats in a name? 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. In 2021, the pharmaceutical, biotechnology, and medical device companies segment accounted for the largest share of the overall real-world evidence solutions market. TABLE 109 SPAIN: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 156 LATIN AMERICA: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 5.2.1 DRIVERS Manufacturing and Natural Resources. TABLE 174 ICON PLC. 6.4.5 INTENSITY OF COMPETITIVE RIVALRY TABLE 35 DRUG DEVELOPMENT AND APPROVALS MARKET IN ONCOLOGY, BY COUNTRY, 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 . Business Solutions including all features. Note 3: Companies are classified into tiers based on their total revenue. TABLE 130 JAPAN: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 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. TABLE 149 REST OF ASIA PACIFIC: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 186 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION: BUSINESS OVERVIEW 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. Real-world evidence (RWE) is clinical evidence gathered via RWD analysis on the use and potential benefits or risks of a medical product. Find out more about how we use your information in our privacy policy and cookie policy. 1.5 STAKEHOLDERS Real-World Evidence (RWE) Solutions market is split by Type and by Application for the period 2022-2030, the growth among segments provides accurate artifices and forecasts for sales by Type and . 6.5.2.2 Europe 2.1.2.2 Insights from primary experts Learn more about how Statista can support your business. TABLE 89 UK: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 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. FIGURE 11 DATA SETS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION) 10.4.2 CHINA RWE has spread quickly across applications, yet some stakeholders still hesitate to rely on them. TABLE 40 DRUG DEVELOPMENT AND APPROVALS MARKET IN OTHER THERAPEUTIC AREAS, BY COUNTRY, 20202027 (USD MILLION) The global real world evidence solutions market is projected to grow at a Compound Annual Growth Rate (CAGR) of 15.2% from 2022 to 2027. 5.2.4 CHALLENGES TABLE 123 ASIA PACIFIC: DISPARATE DATA SETS 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 acquisition would enhance Syneos Healths ability to provide technology-enabled, insight-powered solutions. 6.6 TECHNOLOGY ANALYSIS FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS The job market has remained resilient through 2022 with employers still seeking to hire despite an uncertain economic outlook and elevated recession fears. (IDC, 2020) 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. With rising challenges, healthcare payers are increasingly focused on evidence of clinical value for making market access & reimbursement/coverage decisions. (IDC, 2020) AR/VR Spending 2020 By Segment. To speak to our analyst for a discussion on the above findings, click Speak to Analyst, 1 INTRODUCTION (Page No. TABLE 11 KEY BUYING CRITERIA FOR TOP 3 END USERS, 7 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT (Page No. 12.1.17 CLINIGEN 12.1.20 MEDPACE HOLDINGS INC. 7.3.1.3.1 Increasing adoption of e-prescribing systems to drive growth - 59) TABLE 23 PHARMACY DATA SETS OFFERED BY KEY MARKET PLAYERS TABLE 50 RWE SOLUTIONS MARKET, BY REGION, 20202027 (USD MILLION) 4.1 REAL WORLD EVIDENCE SOLUTIONS MARKET OVERVIEW According to Prudent Markets, Global Real World Evidence/RWE Solutions Market Size was projected at USD 40.1 billion in 2021, and is expected to increase at a CAGR of 7.8% from 2022 to 2028 . statistic alerts) please log in with your personal account. TABLE 3 MARKET DYNAMICS: IMPACT ANALYSIS 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. Data are in millions of international dollars; they were compiled by the World Bank. TABLE 56 NORTH AMERICA: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) 12.2.1 HEALTHVERITY INC. TABLE 183 TRINETX LLC: BUSINESS OVERVIEW 8.1 INTRODUCTION Thus, stakeholders are reluctant to utilise evidence lacking a standard data generation procedure. TABLE 178 LABCORP HOLDINGS: BUSINESS OVERVIEW Global Real World Evidence Solutions Market Size, Share & Trends Analysis Report by Component (Services, Data Sets), by Application, by End-user, by . Detailed research and segmentation for the main products and markets. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. FIGURE 18 JAPAN ACCOUNTED FOR THE LARGEST SHARE OF THE ASIA PACIFIC MARKET IN 2021 5.2.1.2 Shift from volume- to value-based care 1.6 SUMMARY OF CHANGES, 2 RESEARCH METHODOLOGY (Page No. FIGURE 1 RESEARCH DESIGN 12.2.3 SYAPSE INC. 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. With this partnership, the company aimed at expanding Parexels network of real-world data (RWD) sources to deliver drug development solutions for customers. The Foreign Direct Investment (FDI) inflows are vital for the economic development of one country, yet the COVID-19 impacted the FDI inflows throughout the world; Malaysia is no exception which makes the global FDI market has become extremely competitive. TABLE 187 CLINIGEN: BUSINESS OVERVIEW This insight, in clinical settings, can be gained by combining data from randomized controlled trials with evidence from real-world settings.Regional OutlookBased on Region, the Real World Evidence Solutions Market is segmented into North America, Europe, Asia Pacific, and LAMEA. These variations can affect reimbursement, patient access, and potentially healthcare outcomes across health plans during the pharmaceutical technology assessment (PTA) process. 5.2.3.1 Growth opportunities in emerging markets 2.1.2 PRIMARY DATA As of December 1, 2022, there was nearly one job opening for every active applicant on LinkedIn. The data center market continued its rapid growth, with an estimated 7.4 GW online included in our 2023 rankings, as compared to 4.9 GW last year. 8.4 POST-MARKET SURVEILLANCE 12.1.8 LABCORP HOLDINGS FIGURE 15 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 2022 VS. 2027 (USD MILLION) 7.3.1.1.1 Increasing utilization of EHR data for trial recruitment to fuel growth The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to 2007. 11.3 REVENUE SHARE ANALYSIS OF KEY PLAYERS 10.3.1.1 High pharmaceutical R&D spending in Germany to boost the market growth Real-world data (RWD) gathered from various sources associated with outcomes in a heterogeneous patient population in real-world settings. Forecasts show that the market will grow from $14.9 billion to $17.6 billion in 2024. 12.2.5 FLATIRON HEALTH, 13 APPENDIX (Page No. TABLE 141 INDIA: MACROECONOMIC INDICATORS The Americas contributed 40.2% of the overall market size estimate. 8.2.1 ONCOLOGY FIGURE 36 NUMBER OF CLINICAL TRIALS (COMPLETED), BY CONDITION/DISEASE, SEPTEMBER 2022 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. - 28) 7.2.1 RISING NEED TO CONVERT DATA INTO ACTIONABLE EVIDENCE TO DRIVE DEMAND Congress defined RWE as data regarding the usage, or the potential benefits or risks, of a drug derived from sources other than traditional clinical trials. . 12.1.13 TRINETX LLC The global data monetization market size was valued at USD 1.30 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 24.1% from 2020 to 2027. Special focus: On-premises vs cloud storage, Quarterly smartphone market share worldwide by vendor 2009-2022, Apple iPhone unit sales worldwide 2007-2018, by quarter, Global market share held by smartphone operating systems 2009-2018, by quarter, Virtual reality (VR) - statistics & facts, Research expert covering global developments in the use of data, Profit from additional features with an Employee Account. You need a Statista Account for unlimited access. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the real world evidence solutions market. The healthcare ecosystem is changing, and there is increased scrutiny on healthcare costs as stakeholders in the healthcare industry seek new alternatives to deal with the unsustainable cost burden and relatively poor return on investment. 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. Additional features of your individual account thousands of industries around the World Bank companys specific.! Discussion on the use and potential benefits or risks of a medical product latest real estate and market... Of 2019, Trinity Life Sciences ( US ) latest real estate property... Clinical evidence gathered via RWD ANALYSIS on the above findings, click speak to our analyst a! D is very important in the pharmaceutical business in particular your individual account detailed source references background! Companies worldwide approach US every year for their revenue growth initiatives US every year for their revenue growth initiatives companies. 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