Real World Evidence Solutions Trends and Opportunities 2025-2034: A Comprehensive Guide to Growth Insights
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What Factors Are Driving the Anticipated Growth Rate of the Real World Evidence Solutions Market Through 2034?
Concerning the market size for real-world evidence solutions, significant growth has been witnessed recently. The market forecasting predicts an increase from $2.03 billion in 2024 to $2.34 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 14.9%. Factors contributing to this upsurge during the historical period include the expansion in pharmaceutical and healthcare industries, the increased necessity for post-market surveillance and drug safety, the broadening scope of electronic health records and data, their application in clinical research and outcome assessment, and the establishment of regulatory standards for real-world evidence (RWE).
It is predicted that the market size for real-world evidence solutions will experience substantial growth in the coming years, reaching $4.21 billion in 2029 at a compound annual growth rate (CAGR) of 15.9%. Factors contributing to this growth during the forecast period include the tailored real-world evidence solutions for specific therapeutic sectors, extending networks of real-world data, new developments in the generation of real-world evidence, the implementation of real-world evidence in drug development and access, and partnerships between the healthcare and technology industries. The upcoming trends during this period involve the use of AI for predictive analytics in real-world evidence, maintaining regulatory compliance in data privacy and security, creating customized real-world evidence solutions for healthcare providers, providing transparency in data sharing and real-world evidence findings, and the incorporation of real-world evidence in determining drug pricing and reimbursement.
What Key Drivers Are Accelerating the Growth of the real world evidence solutions Market During the Forecast Period?
The expansion of the real-world evidence solutions market is anticipated to be fueled by the increasing elderly population. This refers to individuals aged 65 and above, who are more prone to multiple risks, such as balance or gait impairment and postural hypotension. The risk of chronic illnesses, such as arthritis, type 2 diabetes, cardiovascular diseases, cancer, and strokes, is heightened with aging. For example, the Population Reference Bureau, a nonprofit organization in the US, published data in January 2024 indicating a rising trend in the population of Americans aged 65 and older. The figures are forecasted to rise from 58 million in 2022 to 82 million by 2050, marking a surge of 47%. Furthermore, their percentage of the total population is estimated to increase from 17% to 23%. Hence, the rising elderly population is a significant contributor to the growth of the real-world evidence solutions market.
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Who Are the Major Industry Leaders Accelerating Growth in the Real World Evidence Solutions Market?
Major companies operating in the real world evidence solutions market include:
• Anthem Inc._x000D_
• Cegedim Health Data_x000D_
• Clarivate PLC_x000D_
• Clinigen Group_x000D_
• Cognizant Technology Solutions Corporation_x000D_
Which Current Trends Are Having the Most Impact on the Real World Evidence Solutions Market?
The emergence of genuine-world proof has become a major trend in the real-world evidence market, garnering substantial attention. Utilizing real-world data for efficient decision-making and driving commercial success is pivotal, and real-world evidence provides crucial supplementary information to meet these requirements. For instance, Inspire, a data infrastructure and analytics company based in the US, introduced its Real-World Evidence (RWE) services in May 2023. Inspire RWE delivers inventive data and analytics solutions for companies in the life sciences sector. Harnessing its patient engagement platform, it collects real-world insights from numerous patients with the goal of enhancing patient-centric healthcare results.
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What Are the Key Components of the Real World Evidence Solutions Market, and How Do Its Segments Perform?
The real world evidence solutions market covered in this report 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
Subsegments:
1) By Services: Consulting Services, Data Management Services, Regulatory Services, Analytics Services
2) By Data Sets: Electronic Health Records (EHR), Patient Registries, Clinical Trials Data, Observational Study Data
3) By Clinical Setting Data: Hospital Data, Outpatient Data, Specialty Care Data, Claims Data
4) By Insurance Claims Data: Medicare/Medicaid Data, Commercial Claims Data, Pharmacy Data
5) By Prescription Data: Pharmacy Claims Data, Drug Utilization Data
6) By Patient Powered Data: Patient Surveys, Patient-Reported Outcomes (PRO), Wearable Device Data
Which Regions Are Key Players in the Growth of the Real World Evidence Solutions Market?
North America was the largest region in the real world evidence solutions market in 2024. Asia-Pacific is expected to be the fastest-growing region in the real world evidence solutions market share during the forecast period. The regions covered in the real world evidence solutions market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
How Is the Scope and Reach of the Real World Evidence Solutions Market Defined?
Real-world evidence (RWE) consists of clinical insights derived from data gathered outside of controlled clinical trials, using sources such as electronic health records, insurance claims, and patient registries. It helps assess the safety, effectiveness, and usage of medical treatments in real-life healthcare environments.
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