The global real-world evidence solutions market is anticipated to grow at a CAGR of 12.4% during the forecast period (2024-2031). The effectiveness of drugs is essential in drug development, market access, and reimbursement. Post-market surveillance and safety monitoring are essential for monitoring performance. Health outcomes research studies the impact of healthcare interventions on patient outcomes, while comparative effectiveness research informs healthcare decision-making. Epidemiological studies analyze population-level health data for disease patterns and treatment outcomes. The market’s growth is attributed to the growing demand for increasing demand for evidence-based decision-making. The increasing demand for evidence-based decision-making pharmaceutical companies, healthcare providers, and consumers are increasingly depending on real-world data to inform treatment strategies, medication research, and healthcare legislation. In October 2023, Maxis Clinical Sciences launched a new Real-World Evidence (RWE) Solutions service. The company’s goal is to improve clinical research and patient care by integrating real-world data (RWD) from various patient groups and sources.
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Furthermore, real-world evidence solutions that are built on solid statistical principles are essential for establishing trust and credibility among pharmaceutical companies, regulators, and other stakeholders. In August 2023, Target RWE’s Cutting-Edge Analytical Solutions Launched to Propel Real-World Evidence Generation. The revolutionary solutions aim to identify unfulfilled needs and answer essential strategic concerns throughout the life cycle of a pharmaceutical product. It visualizes and analyzes data using innovative epidemiological methodologies and solid statistical principles.
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Component
o By Application
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- includes Dassault Systèmes S.E., IBM Corp., Oracle, PerkinElmer Inc., Thermo Fisher Scientific Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Real-World Evidence Solutions Market Report Segment
By Component
- Services
- Data Sets
- Disparate Data Sets
- Integrated Data Sets
By Application
- Drug Development and Approvals
- Post-Market Surveillance
- Market Access Reimbursement/Cover End-User Decision Making
- Clinical and Regulatory Decision-Making
By End User
- Pharmaceutical & Medical Device Companies
- Healthcare Providers
- Healthcare Payers
- Others (Patients and Patient Advocacy Groups, Research Organizations and Academia)
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