Factors such as the rising number of clinical trials, increasing government initiatives for the adoption of RWE studies, increasing incidences of chronic diseases, increasing demand for better healthcare services, and the rising geriatric population are supporting the growth of the RWE solutions market in the Asia Pacific region. The global Real World Evidence Solutions Market size was valued at $1.4 billion in 2021, and is projected to reach $5 billion by 2031, growing at a CAGR of 13.7% from 2022 to 2031. A breakdown of the primary respondents is provided below: Note 1: C-level primaries include CEOs, COOs, CTOs, and VPs. TABLE 20 CLINICAL SETTINGS DISPARATE DATA SETS MARKET, BY COUNTRY, 20202027 (USD MILLION) Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. This includes implementing an effective governance strategy, taking help from technologies such as cloud and self-service analytics, and acquiring the ability to integrate data sets and understand the appropriate resources for the necessary analytics (and tactical issues around data access and quality). This highlights the requirement for practical, workable solutions. TABLE 38 DRUG DEVELOPMENT AND APPROVALS MARKET IN NEUROLOGY, BY COUNTRY, 20202027 (USD MILLION) Access to this and all other statistics on 80,000 topics from, Show sources information The primary sources from the supply side include CEOs, vice presidents, managing directors, marketing heads and sales directors, marketing managers, product managers and related key executives from various key companies and organizations operating in the real world evidence solutions market. 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. Real-World Evidence (RWE) is the clinicalevidence about the usage and potential benefits or risks of a medical product derived from analysis of RWD. Sep 8, 2022 The total amount of data created, captured, copied, and consumed globally is forecast to increase rapidly, reaching 64.2 zettabytes in 2020. . RWD has been used increasingly to map the progression of the disease and to discover vaccines and immediate treatments. FIGURE 22 RWE SOLUTIONS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES In order to prove value, companies need strong evidence of lifecycle management capabilities. TABLE 48 RWE SOLUTIONS MARKET FOR HEALTHCARE PROVIDERS, BY COUNTRY, 20202027 (USD MILLION) 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. The size of the professionally managed real estate market also continued to grow in 2021, rising to USD 11.4 trillion from USD 10.5 trillion in 2020. FIGURE 26 INTERNAL VS. OUTSOURCED RWE ANALYTICS APPROACH FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS from 8 AM - 9 PM ET. 6.1.4 INTERNAL VS. OUTSOURCED RWE ANALYTICS APPROACH Furthermore, post-pandemic, therapeutic developments for COVID-19 infection saw a significant boost. FIGURE 35 TOTAL E-PRESCRIPTIONS AND CONTROLLED SUBSTANCE PRESCRIPTIONS IN THE US (2018-2021) . TABLE 123 ASIA PACIFIC: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) FIGURE 10 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION) Gain clarity and insights into what's happening in your target market. They are derived from electronic health records (EHRs), claims and billing activities, product and disease registries, etc. TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS 4.3 RWE SOLUTIONS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 6.1.3 RISE IN THE USE OF RWD AND RWE ACROSS THE PHARMACEUTICAL INDUSTRY Thus, stakeholders are reluctant to utilise evidence lacking a standard data generation procedure. TABLE 108 SPAIN: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 6.1.5 INCORPORATION OF ARTIFICIAL INTELLIGENCE IN RWD MANAGEMENT 8.2.2.1 High prevalence of CVD to drive growth RWD provides supporting evidence for diseases with small size populations and rare cancers. Market Overview: The global real-world evidence solutions market size reached US$ 1.6 Billion in 2022. 10.6 MIDDLE EAST & AFRICA 5.2.1.3 Potential of RWE in reducing drug development costs and expediting the drug development process FIGURE 2 PRIMARY SOURCES DownloadFree Sample Report Now @https://www.meticulousresearch.com/download-sample-report/cp_id=4954. 11.9 COMPETITIVE SCENARIO The use of computers, mobile devices, wearables and other biosensors to gather and store huge amounts of health-related data has been rapidly accelerating. 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 17 DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 8.5.1 GROWING USE OF RWE SOLUTIONS TO DEVELOP ECONOMIC AND BUDGET IMPACT MODELS TABLE 149 REST OF ASIA PACIFIC: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) There has been a consecutive trend for the rise in RWE trials, except . FIGURE 12 DISPARATE DATA SETS MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION) 10.2.1.1 The US accounted for the largest share of the North American market In 2021, the market access & reimbursement/coverage decisions segment accounted for the largest share of the overall real-world evidence solutions market. FIGURE 47 IBM CORPORATION: COMPANY SNAPSHOT (2021) Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. TABLE 92 UK: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) [Online]. 6.1.2 SOCIAL MEDIA-SOURCED RWE RWE can be produced through various study designs or analyses, including but not . 11.7.3 PERVASIVE PLAYERS TABLE 151 REST OF ASIA PACIFIC: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) FIGURE 30 TOP APPLICANTS & OWNERS (COMPANIES/INSTITUTIONS) FOR MEDICAL SIMULATION PATENTS (JANUARY 2011 TO JUNE 2021) (IDC, 2020) $1.9 billion will be spent in the distribution and services segment. It also helps generate broader scientific evidence and commercial insights, valuable for the pharmaceutical industry. 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. Manufacturing and Natural Resources. TABLE 36 LIST OF PIPELINE DRUGS FOR CARDIOVASCULAR DISEASE (BY FEBRUARY 2022) Our clients rely on our information and data to stay . 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). For instance, in May 2020, PAREXEL International Corporation (U.S.) launched the #KeepingPatientsFirst integrated real-world evidence (RWE) research platform focused on aggregating, analyzing, and predicting real-world COVID-19-related disease progression and outcomes using state-of-the-art machine learning, artificial intelligence, and analytics. 12.1.13 TRINETX LLC FIGURE 23 NUMBER OF CLINICAL TRIALS STARTED DURING 20152020 After arriving at the market size, the total market was divided into several segments and subsegments. And of course, much more. TABLE 63 US: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 33 REAL WORLD EVIDENCE SOLUTIONS MARKET IN DRUG DEVELOPMENT AND APPROVALS, BY TYPE 20202027 (USD MILLION) FIGURE 9 DATA TRIANGULATION METHODOLOGY TABLE 72 EUROPE: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COUNTRY, 20202027 (USD MILLION) The Foreign Direct Investment (FDI) inflows are vital for the economic development of one country, yet the COVID-19 impacted the FDI inflows throughout the world; Malaysia is no exception which makes the global FDI market has become extremely competitive. Real-world data are the data relating to patient health status and/or the delivery of health care routinely collected from a variety of sources. The 21st Century Cures Act, passed in 2016, places additional focus on the use of these types of data to support regulatory decision making, including approval of new indications for approved drugs. TABLE 102 ITALY: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 34 LIST OF PIPELINE DRUGS FOR ONCOLOGY (2018) 6.4.5 INTENSITY OF COMPETITIVE RIVALRY 6.5.2.3 Asia Pacific The figures from 2021 to 2025 were calculated by Statista based on the 2020 forecast figure and the five-year compound annual growth rate (CAGR) of 23 percent provided by the source. TABLE 98 FRANCE: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) 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. 7.3.1.1 Clinical settings data set 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. TABLE 28 REGISTRY-BASED DATA SETS OFFERED BY KEY MARKET PLAYERS 5.2.1.4 Increased R&D spending for the development of new pharmaceutical products and medical devices Key companies profiled in the report include IBM Corporation, Oracle Corporation, Medpace Holdings, Inc., IQVIA Holdings, Inc., ICON plc, PerkinElmer, Inc., Parexel International Corporation (Phoenix Parentco, Inc.), PPD, Inc. (Thermo Fisher Scientific, Inc.), UnitedHealth Group, Inc. (Optum, Inc.), and Syneos Health, Inc.Strategies Deployed in Real World Evidence Solutions MarketDec-2022: IBM signed an agreement to acquire Octo, a digital transformation service provider exclusively serving the U.S. federal government. 8.4.1 EMR AND PRODUCT/PATIENT REGISTRIES HAVE BECOME KEY DATA SOURCES FOR GENERATING EVIDENCE IN POST-MARKET SURVEILLANCE 7.3.1.2.1 Growing need to understand the economic benefits of drug reimbursement by payers to drive growth 7.2.1 RISING NEED TO CONVERT DATA INTO ACTIONABLE EVIDENCE TO DRIVE DEMAND 12.1.5 SYNEOS HEALTH, INC. TABLE 116 REST OF EUROPE: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) Note 2: Other primaries include sales managers, marketing managers, and product managers. TABLE 69 CANADA: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) 5.2.4.1 Lack of universally accepted methodology standards and data processing infrastructure The 21st Century Cures Act helped accelerate medical product development and brought innovations, and expanded the role of real-world evidence in the U.S. TABLE 152 REST OF ASIA PACIFIC: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) After the completion of each approach, the weighted average of these approaches was taken based on the level of assumptions used in each approach. TABLE 101 ITALY: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) This insight, in clinical settings, can be gained by combining data from randomized controlled trials with evidence from real-world settings.Regional OutlookBased on Region, the Real World Evidence Solutions Market is segmented into North America, Europe, Asia Pacific, and LAMEA. The healthcare landscape is continuously developing and shifting towards value-based care from volume-based care. Because of these benefits, the use of real-world evidence solutions is increasing in drug and medical device R&D activities. 11.3 REVENUE SHARE ANALYSIS OF KEY PLAYERS 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. 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