You only have access to basic statistics. FIGURE 27 ECOSYSTEM COVERAGE: PARENT MARKET (HEALTHCARE IT SOLUTIONS) RWE can be produced through various study designs or analyses, including but not . TABLE 180 ELEVANCE HEALTH: BUSINESS OVERVIEW Many medical professionals and pharmaceutical companies have used their resources to stop the COVID-19 pandemics spread and create efficient drugs and vaccinations. 1.2.2 MARKETS COVERED 6.2 REAL-WORLD DATA SOURCES The job market has remained resilient through 2022 with employers still seeking to hire despite an uncertain economic outlook and elevated recession fears. (IDC, 2020) $72.8 billion - the projected worldwide AR/VR market size in 2024. In 2021, the market access & reimbursement/coverage decisions segment accounted for the largest share of the overall real-world evidence solutions market. The key factors. FIGURE 29 GLOBAL PATENT PUBLICATION TRENDS IN THE RWE SOLUTIONS MARKET, 20162021 * The data was taken from various publications released over several years: Forecast for the years 2018 and 2019 as of 2018; Forecast for 2020 as of May 2021; Forecast for 2021 to 2025 as of March 2021 based on figure for 2020 provided by the source. TABLE 172 IBM CORPORATION: BUSINESS OVERVIEW In turn, this has increased the possibility of using an end-to-end strategy to leverage a life sciences organizations data, proof, and knowledge resources. Additionally, countries such as Japan and China in the region have a well-established clinical trial infrastructure, a strong medical workforce, robust healthcare capabilities, and stringent quality standards, which are supporting market growth in Asia Pacific. The .gov means its official.Federal government websites often end in .gov or .mil. This act required the FDA to release a comprehensive plan to continue advancing these efforts. Among all industry sectors, the pharmaceutical industry spends the largest percentage of its revenue on research and development. TABLE 190 MEDPACE HOLDINGS INC.: BUSINESS OVERVIEW 11.3 REVENUE SHARE ANALYSIS OF KEY PLAYERS The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. The use of computers, mobile devices, wearables and other biosensors to gather and store huge amounts of health-related data has been rapidly accelerating. Purpose: There is a need to develop hybrid trial methodology combining the best parts of traditional randomized controlled trials (RCTs) and observational study designs to produce real-world evidence (RWE) that provides adequate scientific evidence for regulatory decision-making. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The reimbursement/coverage and regulatory decision making segment recorded a substantial revenue share in the real world evidence solutions market in 2021. Real-world data (RWD) gathered from various sources associated with outcomes in a heterogeneous patient population in real-world settings. Through this acquisition, the company would focus on developing drugs by using data, applying techniques, and identifying a variety of patient populations.Dec-2020: Syneos Health completed the acquisition of Illingworth Research Group, a provider of clinical research home health services. This mainly affected the amount of real-world data generated globally. 11.7.3 PERVASIVE PLAYERS The post-market safety and adverse event monitoring area are also projected to expand significantly.End-user OutlookBased on End-user, the Real World Evidence Solutions Market is segmented into Healthcare Companies, Healthcare Payers, Healthcare Providers, and Others. Intraday data delayed at least . TABLE 119 REST OF EUROPE: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) Use Ask Statista Research Service. Access to this and all other statistics on 80,000 topics from, Show sources information The global real world evidence solutions market size is expected to reach USD 78.80 billion by 2030. For instance, although payers have started using RWE, they prefer to use randomised clinical trials (RCTs) instead of external observational data to inform drug coverage decisions. (IDC, 2020) AR/VR Spending 2020 By Segment. 12.1.12 AETION INC. TABLE 183 TRINETX LLC: BUSINESS OVERVIEW With this acquisition, the company aimed to strengthen its software portfolio through automation, data, and AI in order to address the full spectrum of observability.Nov-2021: PerkinElmer unveiled PKeye, a workflow monitor platform for remotely managing and monitoring workflows. (June 7, 2021). 13.1 DISCUSSION GUIDE It also helps generate broader scientific evidence and commercial insights, valuable for the pharmaceutical industry. Pharmaceutical businesses, as well as health insurance payers, research RWE in order to comprehend patient pathways, provide appropriate care for the right people, and reduce their financial risk by funding patient-effective drugs.The World Ageing Population report estimates that 703 million individuals worldwide were 65 years of age or older in 2019, and that figure is projected to rise to 1.5 billion by 2050. TABLE 62 US: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) The ideal entry-level account for individual users. Please create an employee account to be able to mark statistics as favorites. 8.6.1 LIMITED VALIDITY OF RANDOMIZED CONTROLLED TRIALS DRIVING THE USE OF RWE SOLUTIONS IN THE SEGMENT FIGURE 14 RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION) 6.1 INDUSTRY TRENDS TABLE 105 ITALY: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) The market shrinkage was mainly due to significant restrictions on travel in many countries, shifting resources on COVID-19 treatments in healthcare settings, and limited access to hospitals. 12.2.1 HEALTHVERITY INC. TABLE 42 REAL WORLD EVIDENCE SOLUTIONS MARKET IN POST-MARKET SURVEILLANCE, BY COUNTRY, 20202027 (USD MILLION) 12.1.18 CEGEDIM HEALTH DATA Browse in-depth TOC on" Real World Evidence Solutions Market - Global Opportunity Analysis And Industry Forecast (2021-2028)"173 Tables47 Figures214 Pagesclick here:https://www.meticulousresearch.com/product/real-world-evidence-solutions-market-4954, (Note: Other Disparate Datasets include data generated from mobile devices, wearable devices, and social media), Amidst this crisis, Meticulous Researchis continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. 10.3.4 ITALY The global real world evidence solutions market size was valued at USD 42.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 8.2% from 2023 to 2030. TABLE 179 ORACLE CORPORATION: BUSINESS OVERVIEW 10.4 ASIA PACIFIC You need a Statista Account for unlimited access. TABLE 36 LIST OF PIPELINE DRUGS FOR CARDIOVASCULAR DISEASE (BY FEBRUARY 2022) TABLE 188 CEGEDIM HEALTH DATA: BUSINESS OVERVIEW 8.6 CLINICAL AND REGULATORY DECISION MAKING The acquisition would combine the companys consulting expertise and technical capabilities with Octos team that enable federal clients to transform faster and better serve citizens.Jul-2022: IBM took over Databand, a leader in data observability software. TABLE 152 REST OF ASIA PACIFIC: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) Furthermore, these solutions would deliver to increase diversity in clinical trials, accessing remote-based patients who have difficulty accessing research sites.Jan-2020: IBM acquired Envizi, an analytics software provider for environmental performance management. - 50) Smart Buildings Market Size in 2022 with Top Countries Data, SWOT Analysis, Share, Top Manufactures, Growth Insights and Forecasts to 2027 | Honeywell, Siemens, Schneider Electric, Johnson Controls Our real world data product includes more than 300 million longitudinal covered lives, 2 million healthcare providers and 98% of payers in the United States, with visibility into more than 120 million linked claims and electronic health records (EHR). Real-world data (RWD) has become a powerful tool in the life sciences industry by pharmaceutical, biotechnology, & medical device companies; healthcare payers; healthcare providers; and other end users (academic research institutions, patient advocacy groups, regulators, and health technology assessment agencies) to add value at every stage of The world's patient population is experiencing a rapidly increasing frequency of drug shortages whereby patients cannot get access to the medicines they critically need. R&D is particularly important in the pharmaceutical industry. 12.1.4 ICON PLC. TABLE 103 ITALY: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) The FDA has already begun to incorporate RWE in regulatory decisions in the U.S. TABLE 54 NORTH AMERICA: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 7.3.1.4.1 Increasing need to access opinions on diseases and treatments across social media to drive growth TABLE 5 PORTERS FIVE FORCES ANALYSIS It also determines the outcomes based on much larger data samples, reduces costs, and improves the efficiency of clinical trials. Pharma data analyses extract insights, inform new strategies and provide KPI tracking. 12.2.5 FLATIRON HEALTH, 13 APPENDIX (Page No. It was also used to obtain important information about the key players, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. The study categorizes the global real world evidence solutions market based on component, application, end user at regional/country and global level. Note 2: Other primaries include sales managers, marketing managers, and product managers. TABLE 181 SAS INSTITUTE: BUSINESS OVERVIEW Congress defined RWE as data regarding the usage, or the potential benefits or risks, of a drug derived from sources other than traditional clinical trials. 10.2.1.1 The US accounted for the largest share of the North American market 8.2.1 ONCOLOGY In addition, this further reduces the inclination of major stakeholders to adopt real world evidence solutions. 8.5 MARKET ACCESS AND REIMBURSEMENT/COVERAGE DECISION MAKING 13.3 CUSTOMIZATION OPTIONS TABLE 2 RISK ASSESSMENT: REAL WORLD EVIDENCE SOLUTIONS MARKET You can change your choices at any time by visiting your privacy controls. 8.4 POST-MARKET SURVEILLANCE TABLE 127 JAPAN: MACROECONOMIC INDICATORS TABLE 107 SPAIN: MACROECONOMIC INDICATORS The market is projected to grow from USD 271.83 billion in 2022 to USD 655.53 billion by 2029, exhibiting a CAGR of 13.4% during the forecast period. The new edition of the report includes profiles for Thermo Fisher Scientific Inc. (US), Elevance Health Inc. (US), Cegedim Health Data (France), LabCorp Holdings (US), HealthVerity Inc. (US), and Datavant (US). 10.4.2 CHINA FIGURE 18 JAPAN ACCOUNTED FOR THE LARGEST SHARE OF THE ASIA PACIFIC MARKET IN 2021 TABLE 8 LIST OF PATENTS IN THE RWE SOLUTIONS MARKET, 20192022 11.7.4 PARTICIPANTS If you are an admin, please authenticate by logging in again. - 59) Similarly, RWE can accelerate label expansion and decrease the overall cost of the evidence needed for filing. The GDS software can easily be integrated on Android, iOS, and Web platforms. FIGURE 37 FDA PHASE TRANSITION SUCCESS RATES, 20112020 RWE offers solutions to these issues as well as the ability to examine the effects of medications over a longer time frame. 12.1.9 ORACLE CORPORATION IDC, & Statista. Pharmaceutical and biotech companies are increasingly utilizing real-world evidence for collecting real-time post-trial information about drugs, which helps healthcare providers and researchers understand the negative reactions, side effects, and medication errors related to the drugs, thereby enabling them to control the potential harm caused by the drugs. Vendors often customise the required services as per the client's requirements, which proves time- and cost-effective for clients in comparison to procuring the data sets and analysing them to generate meaningful information. The Global Real World Evidence Solutions Market size is The Global Real World Evidence Solutions Market size is expected to reach $65.1 billion by 2028, rising at a market growth. R&D is very important in the pharmaceutical business in particular. (IDC, 2020) 7500+ companies worldwide approach us every year for their revenue growth initiatives. FIGURE 31 JURISDICTION ANALYSIS: TOP APPLICANT COUNTRIES FOR RWE SOLUTIONS, 20162021 TABLE 23 PHARMACY DATA SETS OFFERED BY KEY MARKET PLAYERS - 41) 7.2 SERVICES 12.1.5 SYNEOS HEALTH, INC. This is a record-breaking level of inflows, which raises the question: what are investors buying? 5.2.1 DRIVERS Using the GlobalData Clinical Trials database, it was found that there are currently 194 real-world evidence trials, the highest annual number recorded so far, followed by 2019, which had 160 trials. TABLE 177 THERMO FISHER SCIENTIFIC INC.: BUSINESS OVERVIEW A database of the key industry leaders was also prepared using secondary research. The industry insights chapters include value chain analysis, Porters five forces analysis, technology analysis, patent analysis, key conferences and events in 20222023, pricing analysis, and key stakeholders and buying criteria. In September 2021, U.S. FDA released a guidance document for accessing EHR and medical claims data using real-world data to support regulatory decision-making for drug and biological products would promote the adoption of RWE even further. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Are you interested in testing our business solutions? When clinical trials cannot adequately represent the whole patient population for a given disease, real-world evidence is required.Patients who did not take part in any clinical trials, have comorbid conditions, reside in a remote location, or are older than the recommended age range may not react to the medication in consideration as expected. TABLE 90 UK: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) Data marketplaces and exchanges provide single platforms to consolidate third-party data offerings. 11.6.3 REGIONAL FOOTPRINT OF COMPANIES Thus, aiding in the dismantling of traditional silos and enabling insight-driven decision-making from the product R&D stage to its commercialization. to incorporate the statistic into your presentation at any time. TABLE 163 MIDDLES EAST & AFRICA: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) FIGURE 1 RESEARCH DESIGN Following a detailed secondary and primary research and an in-depth . Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028, exhibiting a growth rate (CAGR) of 8.57% during 2023-2028. Northern Virginia, the largest data center market in the world, encountered an unprecedented multi-year pause on development in certain submarkets, as utility companies work to address a massive . Pune, Feb. 20, 2023 (GLOBE NEWSWIRE) -- Real-world evidence is clinical evidence produced from information about the usage and possible advantages and disadvantages of a medical product (RWE).. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. In April 2021, IQVIA Holdings Inc. announced the launch of Connected Intelligence Platform. You can only download this statistic as a Premium user. 12.1.1 IQVIA HOLDINGS INC. February 22, 2023 08:06 ET The real estate market includes buying and selling of residential, commercial, and industrial properties such as flats, bungalows, offices and villas. TABLE 93 FRANCE: MACROECONOMIC INDICATORS 12.1.19 VERANTOS INC. TABLE 148 REST OF ASIA PACIFIC: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 2.5 ASSUMPTIONS FOR THE STUDY The fast growth of pharmaceutical and medical device companies can be attributed to the increasing importance of RWE studies in drug approvals, the prevention of costly drug recalls, and the assessment of drug performance in real-world settings. The Aetion Evidence Platform (AEP) is the actual software that transforms the data into real-world evidence that answers questions surrounding operation safety, medical technologies and effectiveness. Real-world data refer to observational data as opposed to data gathered in an experimental setting such as a randomized controlled trial (RCT). 8.1 INTRODUCTION The primary sources from the demand side included Directors, and strategy managers of pharmaceutical and medical device companies, insurance providers, healthcare providers, and department heads. 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