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Real World Evidence Solutions Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
Real World Evidence Solutions Market Size & CAGR in 2021
The global real world evidence solutions market is expected to reach a CAGR of 7.3% in 2021, with a market size of USD 1.8 billion. This growth can be attributed to the increasing demand for real-world data in healthcare decision making.
COVID-19 Impact on Real World Evidence Solutions Market
The COVID-19 pandemic has significantly impacted the real world evidence solutions market. With the focus on understanding the effectiveness of treatments and interventions in real-world settings, there has been a surge in the demand for real-world evidence solutions.
Real World Evidence Solutions Dynamics
The real world evidence solutions market is driven by factors such as the need for personalized medicine, regulatory approvals, and the integration of real-world data with clinical trials. Additionally, the increasing adoption of electronic health records and the rise in chronic diseases are fueling market growth.
Segments and Related Analysis
The real world evidence solutions market is segmented based on service type, therapeutic area, end-user, and region. Service types include data aggregation, data analysis, and data visualization. Therapeutic areas include oncology, cardiovascular diseases, and neurology. End-users include pharmaceutical companies, healthcare payers, and providers.
By Region Analysis
The real world evidence solutions market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the market due to the presence of key market players and advanced healthcare infrastructure.
Key Market Players and Competitive Landscape
Some of the key market players in the real world evidence solutions market include IBM Corporation, Oracle Corporation, PAREXEL International Corporation, IQVIA Holdings Inc., and SAS Institute Inc. The market is highly competitive, with companies focusing on strategic collaborations and product innovation to gain a competitive edge.
Recent Happenings in Real World Evidence Solutions Market
In recent years, the real world evidence solutions market has witnessed significant developments such as partnerships between pharmaceutical companies and real-world data providers, the launch of innovative real-world evidence platforms, and the integration of artificial intelligence and machine learning in real-world data analysis.
