The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Health Economics and Outcomes Research (HEOR) Services Global Market Report 2023, the health economics and outcomes research (HEOR) services market is expected to show significant growth in the forecast period.

The global health economics and outcomes research (HEOR) services market is on the brink of transformation, with a projected growth from $1.22 billion in 2022 to $1.38 billion in 2023, marked by a substantial compound annual growth rate (CAGR) of 13.1%. Beyond this, the market is poised to reach $2.18 billion by 2027, maintaining a commendable CAGR of 12.1%. The driving force behind this market surge is the burgeoning number of clinical trials and the rise of real-world evidence platforms. In this blog, we explore these significant trends reshaping the world of HEOR services.

Clinical Trials: Pioneering Research

• Clinical trials are pivotal research studies involving human participants to assess the safety and efficacy of new medical treatments, diagnostic procedures, or interventions.
• HEOR services play a crucial role in clinical trials, evaluating the economic impact, cost-effectiveness, and real-world outcomes of medical interventions.

A World of Clinical Trials

• According to the United States National Library of Medicine, the number of registered clinical trials has seen a remarkable increase from 399,499 in 2022 to 437,533, spanning across all 50 states and 221 countries.
• The majority of these trials (53%) are recorded outside the U.S., underlining the global nature of clinical research.

Advancements in Real-World Evidence

• A noteworthy trend in the HEOR services market is the growing importance of real-world evidence platforms.
• Innovative companies are leveraging real-world data to provide evidence-based insights for healthcare decision-making, drug development, and patient care.

Komodo Health’s Groundbreaking Platform

• Komodo Health, a U.S.-based healthcare technology company, introduced MapEnhance in April 2023. This real-world evidence technology platform integrates a network of specialty data partners, enhancing Komodo’s Healthcare Map.
• MapEnhance empowers users with a comprehensive real-world perspective on clinical events and patient populations, leading to unprecedented insights for informed decision-making.

Key Players in the HEOR Services Market

• A multitude of major companies are at the forefront of the HEOR services market:
  • McKesson Corporation
  • Optum Inc.
  • Cardinal Health
  • IQVIA Inc.
  • ICON PLC
  • PPD Inc.
  • Syneos Health
  • Epistemix Inc.
  • Crowdcuring
  • DocME
  • Bohn Epidemiology LLC

A Multifaceted Market

• The HEOR services market can be segmented based on various criteria:

1. By Service:
   • Real World Evidence
   • Payer Evidence
   • Pricing And Reimbursement
   • Epidemiology Studies
   • Market Access
   • Other Services
2. By Offering:
   • Outsourced
   • In-House
3. By Service Provider:
   • Consultancy
   • Contract Research Organizations (CRO)
4. By End-Use:
   • Healthcare Provider
   • Healthcare Payers
   • Biotechnology And Pharmaceutical Companies
   • Government Organizations
   • Other End-Users

The Dominance of North America

• In 2022, North America was the largest region in the HEOR services market, underscoring the region’s pivotal role.
• As we look ahead, Asia-Pacific is emerging as the fastest-growing region in the HEOR services market, with promising prospects.

View More On The Health Economics and Outcomes Research (HEOR) Services Market Report 2023 – https://www.thebusinessresearchcompany.com/report/health-economics-and-outcomes-research-heor-services-global-market-report

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The Health Economics and Outcomes Research (HEOR) Services Global Market Report 2023  provides an in-depth analysis on the health economics and outcomes research (HEOR) services market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the health economics and outcomes research (HEOR) services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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