New statistical study of Real World Evidence Solutions market has been published by Absolute Markets Insights. Primary and secondary research techniques have been used to give an effective and accurate data to make an informative decision in the businesses. According to research report, this Real World Evidence Solutions market is expected to reach CAGR by the end of this year. It is aggregated on the basis of several key factors, such as classification, specification, and applications of Real World Evidence Solutions industries. This gives a detailed description about dynamic aspects of the businesses, such as shares, profit margin, and revenue that helps to give a basic idea of business structure.
The global real-world evidence solutions market was estimated to be US$ 692.04 Mn in 2020 and is expected to grow at a CAGR of 18.4% during the forecast period (2021-2030).
Top Key Players includes: Clinerion Ltd, CORRONA, LLC., IBM Corporation, ICON plc, Infiniti Research Ltd (Quantzig), IQVIA, Optum, Inc., Oracle, Parexel International Corporation, PerkinElmer Inc., PPD (Evidera), Sciformix, Syneos Health, Trinity, and Trio Health Advisory Group, Inc., amongst others.
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Rising demand from life sciences and pharmaceutical companies for drug efficacy and related treatment outcomes based on a detailed analysis of patient journeys has aided the growth of the overall Real-World Evidence Solutions Market in the recent past and is expected to continue the same trend over the next eight years. The patients’ journey involves disease progression to treatment and resolution and symptom diagnosis. Increasing impact on digitalization and evolving pharma and life sciences platforms, industry participants are challenged to find new approaches to demonstrate product value. At the same time, a patient journey is an important aspect to maximize the efficacy of treatments. However, even with access to real world data, leading businesses (both small & medium organizations and large organizations) struggle to identify critical moments in care that have the most significant impact on treatments and therapies delivered. Rising inclination towards patient-centric models, coupled with mounting time and cost pressures has assisted the growth of the concerned industry as it is essential to analyse physicians’ prescribing decisions prior to developing new strategies. In such a scenario, adopting a holistic approach to healthcare provider (hospital and clinics amongst others) journey mapping as opposed to the traditional methods based purely on clinical journeys may mean the difference between thriving amidst disruptions or lagging behind the competition.
The company named Quantzig’s real world evidence analytics help in analysing physicians’ practice patterns, the post-primary preventive delivery care services, and the cost-efficiency index of individual physicians through healthcare provider journey mapping. The solutions exhibit reporting and data dashboarding capabilities to help clients transform real world data into actionable insights. It helps the pharma and life science companies to be tapped in a diverse range of real-world data relating to products, brands, practices, research, compliance, and drug usage. Such a factor is expected to aid the global real world solutions market over the next eight years (2021 to 2030). The software solutions mainly help in curbing disease indications such as oncology, cardiology, neurology and immunology amongst others.
Real World Evidence Solutions Market Segmentation:
By Component
- Solutions
- Commercialization
- Consulting
- Clinical Development
- Others
- Services
By Area
- Life Sciences
- Healthcare
- Medical Technology
By Application
- Epidemiology
- Drug Safety
- Market Access
- Brand Performance
- Personalized Medicine
- Data Sets
- Registries
- Centers for Medicare and Medicaid Services Data
- National Death Index Data
- Electronic Medical Records (EMR) and Claims
- Others
- Hybrid Study Designs
- Integrated Evidence Generation Planning
- Trial Augmentation
- Data Science Applications
- Patient Landscapes and Brand Performance
- Others
By Diseases
- Oncology
- Immunology
- Cardiovascular
- Infectious Diseases
- Respiratory
- Women’s Health
- Neurology
- Cross-Functional Solutions
- Biosimilars
- Cell and Gene Therapy
- Paediatrics
- Rare Diseases
- Others
- Others
By End Users
- Payers
- Providers
- Hospitals
- Clinics
- Others
- Medical Research Centers
- Life Sciences and Pharmaceutical Companies
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin Americ
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