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

The Business Research Company’s real world evidence solutions market report forecasts the real world evidence solutions market size to grow to $2.93 Billion by 2027, with a CAGR (compound annual growth rate) of more than 14%.

Learn More On The Real World Evidence Solutions Market Report 2023 – https://www.thebusinessresearchcompany.com/report/real-world-evidence-solutions-global-market-report

Real World Evidence Solutions Market Size Forecast
The global real world evidence solutions market is expected to grow from $1.49 billion in 2022 to $1.71 billion in 2023 at a compound annual growth rate (CAGR) of 15.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The real world evidence solutions market size is expected to grow to $2.93 billion in 2027 at a CAGR of 14.4%.

North America held the largest real world evidence solutions market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Real World Evidence Solutions Market Driver ­– Growth In The Geriatric Population
For instance, according to the United Nations Department of Economic and Social Affairs, a US-based intergovernmental organization that published a report on world population ageing in 2020, there were about 727 million people aged over 65 years, and that number is expected to reach 1.5 billion in 2050 . Therefore, the growing geriatric population is driving the growth of the real-world evidence solutions market.

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Key Real World Evidence Solutions Market Trend – Developing Real-World Evidence
Achieving commercial success and convenient decision-making using real-world data is playing a key role, and real-world evidence addresses those demands for additional information. For instance, in October 2021, the International Society for Pharmacoeconomics and Outcomes Research, a US-based professional society for health economics and outcomes research, stated that the Real-World Evidence Transparency Initiative had launched the Real-World Evidence Registry. The Real-World Evidence Transparency Initiative helps in addressing potential concerns with RWE studies by launching the RWE registry and establishing a culture of transparency for the analysis and reporting of RWE in healthcare and health research.

Real World Evidence Solutions Market Segment
1) By Component: Services, Data Sets, Clinical Setting Data, Claims Data, Pharmacy Data, Patient Powered Data
2) By Therapeutic Area: Oncology, Cardiovascular, Neurology, Immunology, Other Therapeutic Areas
3) By Application: Drug Development And Approvals, Medical Device Development And Approvals, Reimbursement/Coverage And Regulatory Decision Making, Post Market Safety And Adverse Events Monitoring
4) By End-Users: Pharmaceutical And Medical Devices Companies, Healthcare Providers, Healthcare Payers, Other End-Users

Real World Evidence Solutions Market Major Players and Strategies
Major players in the real world evidence solutions market are Anthem Inc., Cegedim Health Data, Clarivate PLC., Clinigen Group, Flatiron Health Inc., International Business Machines Corporation, ICON plc, IQVIA Holdings Inc., Medpace Holdings Inc., Optum Inc., Oracle Corporation, PAREXEL International Corporation, PerkinElmer Inc., PPD Inc., SAS Institute Inc., Syneos Health, Symphony Innovation LLC, UnitedHealth Group Incorporated, Amerisource Bergen Corporation, Cardinal Health, Deloitte Touche Tohmatsu Limited, Informa PLC, Palantir Technologies, and UDG Healthcare PLC.

In April 2021, Cerner Corporation, a US-based healthcare information technology solutions, services, devices, and hardware provider, acquired Kantar Health for an amount of $375 million. With this acquisition, Cerner Corporation entered the real-world evidence solutions market. Cerner’s robust collection of real-world data is expected to accelerate innovation using Kantar Health’s life sciences expertise. Kantar Health is a US-based provider of data, analytics, and research to the life sciences industry, operating in the real-world evidence solutions market.

The Real World Evidence Solutions Global Market Report 2023 covers regional data on real world evidence solutions market size, real world evidence solutions market trends and drivers, opportunities, strategies, and real world evidence solutions market competitor analysis. The countries covered in the real world evidence solutions 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.

Real-world evidence refers to the clinical evidence regarding the usage and potential benefits or risks of a medical product derived from the analysis of real-world data.

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