6.6 TECHNOLOGY ANALYSIS Pharmaceutical and biopharmaceutical businesses are choosing fully functional or integrated outsourcing services from the early development phase to the late-stage development phase to meet the requirements for drug development and discovery due to their increasing R&D spending. The global real world evidence solutions market in terms of revenue was estimated to be worth $1.5 billion in 2022 and is poised to reach $2.9 billion by 2027, growing at a CAGR of 15.2% from 2022 to 2027. The real-world evidence solutions market is segmented on the basis of component, application, end user and region. As of December 1, 2022, there was nearly one job opening for every active applicant on LinkedIn. To use individual functions (e.g., mark statistics as favourites, set TABLE 126 ASIA PACIFIC: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) TABLE 6 NORTH AMERICA: HEALTHCARE EXPENDITURE, BY COUNTRY FIGURE 55 SAS INSTITUTE: COMPANY SNAPSHOT (2021) TABLE 69 CANADA: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) 6.4.5 INTENSITY OF COMPETITIVE RIVALRY 6.5.2.2 Europe [Online]. The surge is linked to the growing significance of RWE studies in determining how well drugs operate in actual situations and mitigating drug recalls. A series of well-publicized recalls, and regulatory settlements have left policymakers and consumers questioning the safety of medical products and their trust in manufacturers. TABLE 187 CLINIGEN: BUSINESS OVERVIEW FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS 8.2.5 OTHER THERAPEUTIC AREAS Data marketplaces and exchanges provide single platforms to consolidate third-party data offerings. Real-world data (RWD) gathered from various sources associated with outcomes in a heterogeneous patient population in real-world settings. SAN FRANCISCO, Feb. 17, 2022 /PRNewswire/ -- T he global real world evidence solutions market size is anticipated to reach USD 66.4 billion by 2028, according to a new report by Grand View. 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. TABLE 51 NORTH AMERICA: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COUNTRY, 20202027 (USD MILLION) 2.1 RESEARCH DATA The health care community is using these data to support coverage decisions and to develop guidelines and decision support tools for use in clinical practice. 5.2 MARKET DYNAMICS TABLE 188 CEGEDIM HEALTH DATA: BUSINESS OVERVIEW In, IDC, und Statista. TABLE 180 ELEVANCE HEALTH: BUSINESS OVERVIEW 12.1.7 THERMO FISHER SCIENTIFIC INC. 12.1.17 CLINIGEN TABLE 108 SPAIN: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) As real world data frequently needs to combine data from multiple technology architectures including data from healthcare sources, patient reported outcomes, electronic data capture (EDC) or a mobile health technology, a highly specialized infrastructure is needed. Despite all positives, the key players experienced an initial shrinkage in the market due to uncertainties associated with the impact of the COVID-19 pandemic. FIGURE 26 INTERNAL VS. OUTSOURCED RWE ANALYTICS APPROACH TABLE 185 PERKINELMER INC.: BUSINESS OVERVIEW FIGURE 38 ANNUAL DRUG APPROVALS BY CDER (FDA), 20112021 12.1.20 MEDPACE HOLDINGS INC. 13.3 CUSTOMIZATION OPTIONS 5 Introduction Randomized and observational. This has reduced the potential value of the information produced, thus reducing the incentive to generate it. The partnership is intended to pair the extensive experience of Bain & Company (US) in the Life Sciences value chain with the evidence-based solutions of Trinity Life Sciences (US). TABLE 32 RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) TABLE 121 ASIA PACIFIC: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) In August 2022, Trinity Life Sciences (US), announced a partnership with Bain & Company (US). 5.2.2 RESTRAINTS Further, with the spread of the COVID-19 pandemic, immediate and long-term consequences have been both for people and health systems worldwide. TABLE 19 CLINICAL SETTINGS DATA SETS OFFERED BY KEY MARKET PLAYERS TABLE 94 FRANCE: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) There has been a consecutive trend for the rise in RWE trials, except . (IDC, 2020) $72.8 billion - the projected worldwide AR/VR market size in 2024. The global Big Data market size is expected to reach from USD 157.9 billion in 2020 to USD 268.4 billion by 2026, at a CAGR of about 12% over the forecast period. TABLE 65 CANADA: MACROECONOMIC INDICATORS Furthermore, it would enable the company to bring new therapies to market by leveraging these studies.Sep-2018: PAREXEL came into partnership with Datavant, a healthcare technology company focused on enabling the secure de-identification and linking of healthcare datasets. Business Solutions including all features. Thus, aiding in the dismantling of traditional silos and enabling insight-driven decision-making from the product R&D stage to its commercialization. FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS TABLE 84 GERMANY: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) To forecast the size of the market segments with respect to five regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. FIGURE 54 ELEVANCE HEALTH: COMPANY SNAPSHOT (2021) Majority of institutions are currently installing software and tools to store data at their own premises due to ease of access and security, resulting in the large market share of this type of delivery. 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. 6.7.3 ASIA PACIFIC The study categorizes the global real world evidence solutions market based on component, application, end user at regional/country and global level. In 2021, the pharmaceutical, biotechnology, and medical device companies segment accounted for the largest share of the overall real-world evidence solutions market. FIGURE 29 GLOBAL PATENT PUBLICATION TRENDS IN THE RWE SOLUTIONS MARKET, 20162021 5.2.3.1 Growth opportunities in emerging markets Thus, the key players in the RWES market are focusing on organic & inorganic growth strategies, which will help them increase their market shares in the coming years. The GDS software can easily be integrated on Android, iOS, and Web platforms. With this partnership, the company aimed at expanding Parexels network of real-world data (RWD) sources to deliver drug development solutions for customers. (IDC, 2020) TABLE 50 RWE SOLUTIONS MARKET, BY REGION, 20202027 (USD MILLION) FDA has expanded on this definition as discussed below. Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025 (in zettabytes) [Graph]. - 198) TABLE 155 LATIN AMERICA: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) When typing in this field, a list of search results will appear and be automatically updated as you type. TABLE 152 REST OF ASIA PACIFIC: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) This paper examines selected macroeconomics variables' impact on foreign direct investment inflows in Malaysia during Pre- and Post- COVID-19. TABLE 58 US: MACROECONOMIC INDICATORS FIGURE 42 REVENUE ANALYSIS OF KEY PLAYERS IN THE REAL WORLD EVIDENCE SOLUTIONS MARKET TABLE 125 ASIA PACIFIC: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) Real-world evidence solutions can provide valuable insights to understand better, monitor, and prepare for the challenges caused by the COVID-19 pandemic. Thus, it is discovered that the usage of real-world evidence (RWE) findings is growing. TABLE 24 PHARMACY DISPARATE DATA SET MARKET, BY COUNTRY, 20202027 (USD MILLION) 7.3.1 DISPARATE DATA SETS 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. 11.9 COMPETITIVE SCENARIO TABLE 190 MEDPACE HOLDINGS INC.: BUSINESS OVERVIEW RWE experts communicate and collaborate with the subject matter experts of the pharmaceutical and medical device companies to offer services to develop intelligent RWE strategies (consulting services) and use the analytical capabilities to provide meaningful statistical insights. FDA uses RWD and RWE to monitor postmarket safety and adverse events and to make regulatory decisions. TABLE 53 NORTH AMERICA: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) These companies are majorly focused on partnerships, collaborations, and agreements to accelerate the delivery of RWE datasets and consulting & analytics services and explore how real-world evidence can provide information for health technologies and improve clinical and cost-effectiveness. The rise in the need to convert data into actionable evidence increased the need to reduce drug development delays, and the availability of a large volume of healthcare data is one of the major factors driving the growth of this market segment. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. 7.3.1.4 Patient-powered data set 1.3 CURRENCY 9.4.1 RISE IN THE NEED TO IMPROVE THE PROFITABILITY OF HEALTHCARE PROVIDERS TO BOOST USE on February 23, 2023 By Marcus Lu Retail Investors' Most Popular Stocks of 2023 (YTD) According to VandaTrack, retail investors are still a force to be reckoned with, adding an average of $1.5 billion each day into U.S. markets. TABLE 1 EXCHANGE RATES UTILIZED FOR CONVERSION TO USD RWE will be increasingly used to fast track drug approvals In 2016, the 21st Century Cures Act was signed into law. Real-World Evidence (RWE) Solutions Market by Component [Datasets (Clinical, Claims, Pharmacy, Integrated), Services], Application (Market Access, Oncology, Neurology, Post Market Surveillance), End User (Pharma Companies, Providers) - Forecast to 2028, https://www.meticulousresearch.com/product/us-rwe-solutions-market-5243. RWE can be produced through various study designs or analyses, including but not . TABLE 138 CHINA: RWE MARKET, BY APPLICATION, 20202027 (USD MILLION) TABLE 173 OPTUM INC.: BUSINESS OVERVIEW GWI projects that spa revenues will recover quickly to pre-pandemic levels and will reach $151 billion in 2025. 1.5 Global Market Size of Real World Evidence Solutions (2017-2027) . RWE can be produced through various study designs or analyses, including but not limited to randomized trials, large simple trials, pragmatic trials, and observational studies (prospective or retrospective). TABLE 82 GERMANY: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) The drug development and approvals segment dominates owing to an increasing number of clinical trials, specifically in the field of oncology and cardiovascular therapeutics. NAND flash manufacturers revenue share worldwide 2010-2022, by quarter, DRAM manufacturers revenue share worldwide 2011-2022, by quarter, Number of data centers worldwide 2022, by country, DRAM manufacturers revenue worldwide 2011-2022, by quarter. 6.3 ECOSYSTEM ANALYSIS FIGURE 6 MARKET SIZE ESTIMATION: SEGMENTAL EXTRAPOLATION TABLE 77 EUROPE: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 47 RWE SOLUTIONS MARKET FOR HEALTHCARE PAYERS, BY COUNTRY, 20202027 (USD MILLION) TABLE 70 CANADA: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) Data are in millions of international dollars; they were compiled by the World Bank. 7500+ companies worldwide approach us every year for their revenue growth initiatives. TABLE 143 INDIA: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 9.5 OTHER END USERS 6.4.1 THREAT OF NEW ENTRANTS With the growing need for evidence generated from real-world data, the increasing importance of epidemiological data in decision making, and a shift from volume to value-based care, there has been an increased focus on patient registries, a rise in the adoption of EMR in hospitals, and exponential growth in mobile health data and social media which have resulted in the generation of huge amounts of medical data. TABLE 119 REST OF EUROPE: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) 12.1.10 ELEVANCE HEALTH TABLE 38 DRUG DEVELOPMENT AND APPROVALS MARKET IN NEUROLOGY, BY COUNTRY, 20202027 (USD MILLION) 1.2.1 INCLUSIONS AND EXCLUSIONS One of its mandates was for the US FDA to develop a framework to evaluate how data from sources other than clinical trials can be used to support drug approvals. . 10.2 NORTH AMERICA Real-world evidence (RWE) is clinical evidence gathered via RWD analysis on the use and potential benefits or risks of a medical product. A five-year forecast of the market and noted trends. FIGURE 43 REAL WORLD EVIDENCE SOLUTIONS MARKET RANKING, BY KEY PLAYER, 2021 According to Molex's latest survey: "Design Engineer Tell-All: Advancing Innovation in an Era of Disruption," evolving design processes, heightened customer expectations and persistent supply chain constraints are impacting global engineers in equal measure. Speak to our Analysts to Understand the Impact of COVID-19 on Your Business:https://www.meticulousresearch.com/speak-to-analyst/cp_id=4954. 9.2 PHARMACEUTICAL & MEDICAL DEVICE COMPANIES The data center market continued its rapid growth, with an estimated 7.4 GW online included in our 2023 rankings, as compared to 4.9 GW last year. 6.5 PRICING ANALYSIS 8.1 INTRODUCTION TABLE 171 IQVIA HOLDINGS INC.: BUSINESS OVERVIEW As a Premium user you get access to background information and details about the release of this statistic. Market Overview: The global real-world evidence solutions market size reached US$ 1.6 Billion in 2022. TABLE 186 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION: BUSINESS OVERVIEW ET Domain News - Provides the latest real estate and property market news in Australia. Discovered that the usage of real-world evidence ( RWE ) findings is.. Of RWE studies in determining how well drugs operate in actual situations mitigating. 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