Real World Evidence Solutions Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
How has the real world evidence solutions market size evolved in recent years?
In recent times, there has been a significant expansion in the market size of real-world evidence solutions. Anticipated to rise from $2.03 billion in 2024 to $2.34 billion in 2025, it will exhibit a compound annual growth rate (CAGR) of 14.9%. The previously observed market growth can be credited to developments in the pharmaceutical and healthcare industries, the need for post-approval monitoring and medication safety, broadening of electronic health records and data, incorporation in clinical studies and outcome evaluation, as well as established regulations concerning real-world evidence (RWE).
What are the predictions for the real world evidence solutions market size in the coming years?
In the coming years, the market for real-world evidence solutions is predicted to experience a swift surge, reaching a value of $4.21 billion in 2029 with a compound annual growth rate (CAGR) of 15.9%. This anticipated growth within the projection period can be credited to tailored real-world evidence solutions for specific therapeutic areas, augmentation of real world data networks, advancements in real-world evidence production, utilization of real world evidence in drug development and access, and collaboration between the healthcare and technology sectors. Key trends within this forecast timeline encompass the implementation of AI-driven predictive analytics in real-world evidence, regulatory adherence concerning real-world evidence data privacy and security, bespoke real-world evidence solutions for healthcare providers, transparency in data sharing and the findings of real-world evidence, along with the incorporation of real-world evidence in drug pricing and reimbursement schemes.
Get your real world evidence solutions market report here!
https://www.thebusinessresearchcompany.com/report/real-world-evidence-solutions-global-market-report
What key factors are fueling the growth of the real world evidence solutions market?
The surge in the number of older individuals is set to stimulate the expansion of the real-world evidence solutions market. This group, typically those 65 years and older, face an increased likelihood of diverse health issues including postural hypotension and balance or mobility issues. The prevalence of chronic illnesses such as heart disease, stroke, type-2 diabetes, arthritis, and cancer also rises with age. For example, data from the Population Reference Bureau, a US nonprofit organization, forecasted in January 2024 that the American population aged 65 and older would increase from 58 million in 2022 to 82 million by 2050, marking a 47% rise. Predictions also indicate the proportion of this segment in the overall population growing from 17% to 23%. Consequently, this inflating geriatric demographic is fuelling the growth of the real-world evidence solutions market.
How is the global real world evidence solutions market divided into key segments?
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
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6930&type=smp
Who are the key firms paving the way for growth in the real world evidence solutions market?
Major companies operating in the real world evidence solutions market include Anthem Inc., Cegedim Health Data, Clarivate PLC, Clinigen Group, Cognizant Technology Solutions Corporation, 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, UDG Healthcare PLC, Thermo Fisher Scientific Inc., Elevance Health Inc., Covance Consulting Ltd., Clinipace Worldwide, Evidera Inc., Pharmerit International, Analysis Group Inc., HealthCore Inc., Inovalon Holdings Inc., KMK Consulting Inc.
Which trends are expected to transform the real world evidence solutions market?
The rise of real-world evidence is seen as a significant trend, gaining traction in the real-world evidence market. Real-world data is crucial for achieving business success and facilitating efficient decision-making, and real-world evidence fulfills these requirements for extra information. For example, in May 2023, Inspire, a data infrastructure and analytics company based in the US, introduced its Real-World Evidence (RWE) solutions. Inspire RWE provides groundbreaking data and analytics solutions for companies in the life sciences sector, utilizing its patient engagement platform to collect real-world insights from millions of patients with the aim of enhancing patient-centered healthcare outcomes.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6930
What regions are contributing significantly to 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.
Browse Through More Similar Reports By The Business Research Company:
Design, Editing & Rendering Software Global Market Report 2024
X-Ray Systems Devices And Equipment Global Market Report 2024
Surgical Imaging Arms Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/surgical-imaging-arms-global-market-report
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
