Real-World Evidence (RWE) Solutions Market Worth $4.9 Billion By 2029

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Dublin, Aug. 05, 2022 (GLOBE NEWSWIRE) -- The 'Real-world Evidence Solutions Market by Component, Application, End User - Global Forecast to 2029' report has been added to ResearchAndMarkets.com's offering.
The RWE solutions market is expected to grow at a CAGR of 11.8% from 2022 to 2029 to reach $4.9 billion by 2029
Rapidly growing big data in healthcare, shift from volume to value-based care, and rising focus towards personalized healthcare are the key factors driving the growth of the global RWE solutions market. Further, significant growth opportunities for existing market players and new entrants are provided by emerging markets, rising focus on end-to-end RWE services, and the rising adoption of wearable devices and AI in RWE.
An in-depth analysis of the geographical scenario of the RWE solutions market provides detailed qualitative and quantitative insights about the five major geographies (North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. North America is expected to command the largest share of the global RWE solutions market in 2022, followed by Asia-Pacific and Europe. However, Asia-Pacific is slated to register the fastest growth rate. The growth of this regional market is driven by the growing demand for data defining the value and effectiveness of medicines, the increasing need for conducting real-world studies in drug R&D, and the rising government initiatives for promoting the use of real-world studies for regulatory decision-making.
Scope of the Report
Global RWE Solutions Market, by Component

• Datasets
• Disparate Datasets
• EMR/EHR/Clinical Data
• Claims & Billing Data
• Pharmacy Data
• Product/Disease Registries Data
• Other Disparate Datasets
• Integrated Datasets
• Consulting & Analytics

Global RWE Solutions Market, by Application

• Market Access & Reimbursement/Coverage Decisions
• Drug Development & Approvals
• Oncology
• Neurology
• Immunology
• Cardiovascular Diseases
• Other Therapeutic Areas
• Post Market Surveillance
• Medical Device Development & Approvals
• Other Applications

Global RWE Solutions Market, by End User

• Pharmaceutical, Biotechnology, and Medical Device Companies
• Healthcare Payers
• Healthcare Providers
• Other End Users

Global RWE Solutions Market, by Geography

Market Dynamics

Drivers

• Rising Focus on Personalized Healthcare
• Delays in Drug Development and the Consequent Increase in Development Costs
• Growing Incidence of Chronic Diseases
• Shift Toward Value-based Care
• Rapidly Growing Big Data in the Healthcare Sector

Restraints

• Reluctance to Rely on Real-World Studies

Opportunities

• Emerging Economies
• Rising Focus on end-to-end RWE Services

Challenges

• Lack of Standardized Methodologies for Developing RWE

Trends

• The Incorporation of Artificial Intelligence (AI) in the RWE Industry
• The Adoption of AI Technologies is Growing in the Following Areas:
  • Clinical Trials Design
  • Modeling and Forecasting Patient Enrichment & Recruitment
  • Selecting Investigator Site
  • Patient Monitoring & Managing and Medication Adherence & Retention
  • AI-enabled Clinical Trial Analytics
  • Outsourcing Essential AI Solutions Via Strategic Partnerships & Collaborations
  • Market Access Using AI Solutions
  • Post-market Surveillance Using AI Solutions

Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Insights
5. Real-world Evidence (RWE) Solutions Market: Regulatory Analysis
6. Pricing Models (Emr/Genomic/Integrated Datasets)
7. Real-world Evidence Solutions Market, by Component
8. Real-world Evidence Solutions Market, by Application
9. Real-world Evidence Solutions Market, by End User
10. Real-world Evidence Solutions Market, by Geography
11. Competitive Landscape
12. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
13. Appendix
Companies Mentioned

• Anthem Inc.
• Clinigen Group plc
• Cognizant Technology Solutions Corporation
• IBM Corporation
• ICON plc
• IQVIA
• Oracle Corporation
• PAREXEL International Corporation
• PerkinElmer Inc.
• PPD Inc.
• SAS Institute Inc.
• UnitedHealth Group Incorporated
• Flatiron Health

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