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Global Real World Evidence (RWE) Solutions [Datasets, EMR, Services] Markets, 2020-2027

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News provided by

Research and Markets

Dec 29, 2020, 15:45 ET

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DUBLIN, Dec. 29, 2020 /PRNewswire/ -- The "Real World Evidence (RWE) Solutions Market by Component [Datasets, EMR, Services], Application [Drug Development and Approvals (Oncology, Neurology, Immunology), Market Access, Medical Device Development], End User - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The real-world evidence solutions market is expected to grow at a CAGR of 16.5% from 2020 to 2027 to reach USD 3.13 billion by 2027.

The growth in the real-world evidence solutions market is mainly attributed to the rising geriatric population and burden of chronic diseases, the shift towards value-based care, growing focus on personalized healthcare, delays in drug development and the subsequent increase in development costs, and expanding use of RWE for regulatory decision making. Moreover, growth opportunities in emerging markets; rising focus on end-to-end RWE services; and emerging roles of wearable devices, social media, and AI in RWE provide growth opportunities for players operating in the real-world evidence solutions market.

Based on component, in 2020, the datasets segment is expected to account for the largest share due to the increasing need for additional insights on epidemiology; compliance, adherence, and costs in a realistic environment; rise in demand for information by the payers, regulatory bodies, and providers with regards to drug safety; growing amount of medical data generated in hospitals and healthcare facilities; and increasing dependence on outcome-based studies on real-world data.

Based on application, the drug development and approvals segment is estimated to account for the largest share of the market in 2020. An increase in the demand of RWD and RWE to accelerate drug discovery & development, increasing investment by biopharmaceutical companies in R&D, and growing inclination of regulatory bodies towards RWE are expected to propel the growth of this segment.

In terms of end-users of real-world evidence solutions, pharmaceutical, biotech & medical device companies tend to use them extensively. The increasing importance of RWE studies in drug development and approvals, growing focus to avoid costly drug recalls, and the increasing need to assess drug performance in real-world settings are the factors driving this end-user segment.

Key Topics Covered:

1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.3. Market Assessment
2.4. Assumptions for the Study
2.5. Limitations for the Study

3. Executive Summary

4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Growing Burden of Chronic Diseases in Geriatric Population
4.2.2. Delays in Drug Development and the Subsequent Increase in Development Costs
4.2.3. Rising Focus Towards Personalized Healthcare
4.2.4. Shift Towards Value-Based Care
4.2.5. Impact Assessment of COVID-19
4.2.6. Rapidly Growing Big Data in Healthcare
4.3. Restraints
4.3.1. Reluctance to Rely on Real-World Studies
4.4. Challenges
4.4.1. Lack of Standardized Methodologies to Develop RWE
4.5. Opportunities
4.5.1. Emerging Economies
4.5.2. Rising Focus on End-to-End RWE Services
4.5.3. Rising Adoption of Wearable Devices and Artificial Intelligence in RWE

5. Regulatory Analysis
5.1. Introduction
5.2. North America
5.3. Europe
5.4. Asia-Pacific
5.5. Rest of the World

6. Pricing Models
6.1. Introduction
6.2. Pay Per Patient Record (Volume-Based Pricing)
6.3. Pay Per Usage (Value-Based Pricing)
6.4. Annual Subscription

7. Global Real-World Evidence Solutions Market, by Component
7.1. Introduction
7.2. Datasets
7.2.1. Disparate Datasets
7.2.1.1. EMR/EHR/Clinical Data
7.2.1.2. Claims & Billing Data
7.2.1.3. Pharmacy Data
7.2.1.4. Product/Disease Registries Data
7.2.1.5. Others
7.2.2. Integrated Datasets
7.3 Services

8. Global Real-World Evidence Solutions Market, by Application
8.1. Introduction
8.2. Drug Development & Approvals
8.2.1 Oncology
8.2.2 Cardiovascular Disease
8.2.3 Neurology
8.2.4 Immunology
8.2.5 Others Therapeutic Areas
8.3. Medical Device Development & Approvals
8.4. Market Access & Reimbursement/Coverage Decisions
8.5. Clinical Decision-Making
8.6. Other Applications

9. Global Real-World Evidence Solutions Market, by End User
9.1. Introduction
9.2. Pharmaceutical, Biotechnology & Medical Device Companies
9.3. Healthcare Payers
9.4. Healthcare Providers
9.5. Other End Users

10. Global Real-World Evidence Solutions Market, by Geography

11. Competitive Landscape
11.1. Introduction
11.2. Key Growth Strategies
11.3. Competitive Benchmarking
11.3.1. Competitive Benchmarking, by Methodology
11.4. Market Share Analysis (2019)

12. Company Profiles
12.1. IQVIA Holdings Inc. (U.S.)
12.2. ICON plc (Ireland)
12.3. Parexel International Corporation (U.S.)
12.4. PPD Inc. (U.S.)
12.5. International Business Machines Corporation (U.S.)
12.6. UnitedHealth Group Incorporated (U.S.)
12.7. Oracle Corporation (U.S.)
12.8. SAS Institute Inc. (U.S.)
12.9. Anthem Inc. (U.S.)
12.10 Clinigen Group plc (U.K.)
12.11 Cognizant Technology Solutions (CTS) Corporation
12.12. PerkinElmer, Inc. (U.S.)

For more information about this report visit https://www.researchandmarkets.com/r/w8vw4e

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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