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 Real World Evidence Solutions Global Market Report 2023, the real world evidence solutions market is expected to show significant growth in the forecast period.

Key insights from the real world evidence solutions market forecast include:

1. Market Size

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 real world evidence solutions market size is expected to grow to $2.93 billion in 2027 at a CAGR of 14.4%.

2. Major Driver

The expanding senior population is likely to drive the real-world evidence solutions market forward. According to the United Nations Department of Economic and Social Affairs, a US-based intergovernmental organisation that published a report on global population ageing in 2020, there were approximately 727 million people over the age of 65 in 2020, with that number expected to rise to 1.5 billion by 2050. As a result, the expanding geriatric population is propelling the real-world evidence solutions market forward.

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3. Key Trend

Real-world evidence development has emerged as a prominent trend, gaining traction in the real-world evidence market. Using real-world data to achieve economic success and convenient decision-making is critical, and real-world evidence fulfils those requests for additional information. For example, the International organisation for Pharmacoeconomics and Outcomes Research, a professional organisation for health economics and outcomes research based in the United States, announced in October 2021 that the Real-World Evidence Transparency Initiative has created the Real-World Evidence Registry. By introducing the RWE registry and promoting a culture of transparency for the analysis and reporting of RWE in healthcare and health research, the Real-World Evidence Transparency Initiative assists in resolving possible difficulties with RWE studies.

4. Largest Region

North America was the largest region in the real world evidence solutions market in 2022.

5. Major Players

Major players in the food diagnostics 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.

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Key Real World Evidence Solutions Market Segments
The global real world evidence solutions market is segmented –
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

The Real World Evidence Solutions Global Market Report 2023  provides an in-depth analysis on the real world evidence solutions market size, trends and drivers, opportunities, strategies, and companies 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.

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