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Real-World Evidence (RWE) solutions market is expected to grow at a CAGR of 15.0% from 2019 to 2024 to reach $1.64 billion by 2024.

03-11-2020 07:29 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Meticulous Research

Real-World Evidence (RWE) solutions market is expected to grow

Real World Evidence (RWE) Solutions Market by Component (RWD, EMR, Claim, Patient Registry, Pharmacy, Service), Application (Oncology, CVD, Neuro, Infection, Regulatory), End User (Pharma, Biotech, Medical Devices, Payers, Healthcare) - Global Forecast to 2024.

A report into the projected growth of the current Real-World Evidence (RWE) Solutions Market by Meticulous Research has produced lucrative forecasts for the industry. By 2024, it's expected to have grown at a compound annual growth rate (CAGR) of 15.0%, reaching $1.64 billion.

Request Sample Copy of Report @ https://www.meticulousresearch.com/request-sample-report/cp_id=4954

Key questions answered in the report-

How does the penetration of RWE Solutions in Drug Development & Approvals is differ from that in Market Access & Reimbursement/Coverage Decisions applications?
What impact does this have on the adoption of RWE Solutions to other conventional technologies for various application?
What factors contribute to the frequent usage of RWE solution for Pharmaceutical, biotechnology and medical device?
Conversely, which geographic segment is expected to experience the fastest growth for Pharmaceutical, biotechnology and medical device?
Who are the top competitors in this market and what strategies do they employ to gain shares?
What is driving growth and which market segments have the most potential for revenue expansion during the forecast period?
What strategies must companies adopt who are looking to enter this market and compete effectively?
What are the major drivers, restraints, opportunities, and challenges in the global RWE solution market?
Who are the major players in various countries and what share of the market do they hold?

Future Outlook: Real-World Evidence (RWE) Solutions Market to Witness Lucrative Growth during the Forecast Period (2019-2024)

In a report published today, Meticulous Research has stated that the size of the global Real-World Evidence (RWE) solutions market will reach an impressive $1.64 billion by 2024.

Buy Real World Evidence (RWE) Solutions Market Report with key industry insights spread across 166 pages with 134 market data tables & 49 figures & charts from the report @ https://www.meticulousresearch.com/buy_now.php?pformat=253&vformat=751

The researchers suggest that the growth of Real-World Evidence (RWE) solutions market will be driven by factors including the rising geriatric population and burden of chronic diseases, shift towards value-based care, increasing R&D expenditure by the life sciences industry, delays in drug development and the subsequent increase in development costs, and expanding use of RWE for regulatory decision making.

The report states that data sets currently account for the largest share of the total market and is expected to grow at a CAGR of 13.8% from 2019 to 2024. Meticulous Research identified as to why this segment will continue dominating over real-world evidence services: "Due to increasing need for additional insights on epidemiology, compliance, adherence and costs in a realistic environment; growing amount of medical data generated in hospitals; increasing dependence of outcome-based studies on real-world data; and rising demand for information by the payers, regulatory bodies and providers regarding drug safety."

The key players operating in the global real-world evidence (REW) solutions market are Anthem, Inc., Clinigen Group plc, Cognizant, IBM Corporation, ICON plc, IQVIA, Optum,Inc., Oracle Corporation, PAREXEL International Corporation, PerkinElmer Inc., Pharmaceutical Product Development, LLC., SAS Institute Inc., and Syneos Health among others.

TOP 10 COMPANIES IN REAL WORLD EVIDENCE SOLUTIONS MARKET@ https://meticulousblog.org/top-10-companies-in-real-world-evidence-solutions-market/

Based on application, drug development and approvals commanded the largest share in 2018 owing to significant demand of RWD and RWE to accelerate drug discovery and development, increasing investment by biopharmaceutical companies in R&D, and growing inclination of regulatory bodies towards RWE. However, adoption of RWE for market access and reimbursement/coverage decisions is expected to witness fastest growth.

Read full Research @ https://www.meticulousresearch.com/product/real-world-evidence-solutions-market-4954/

Pharmaceutical, biotechnology & medical device companies were the leading adopters of real-world evidence solutions in 2018 and are also expected to register fastest growth during the forecast period. This is attributed to the increasing importance of RWE studies in drug development and approvals, growing focus to avoid costly drug recalls, increasing need to assess drug performance in real-world settings, and growing emphasis on drug safety and post-market surveillance.

The report further speculates that North America is currently home for most of the real-world evidence solutions providers and is the leading adopter of RWD and RWE. The largest as well as fastest growth of this region is supported by significant availability of real-world data sets, growing focus on value-based care, rising R&D expenditure by the biopharma companies, greater emphasis on early drug/device development and approvals, stringent regulations for drug approvals, and favorable government policies (implementation of 21st Century Cures Act (December 2016) and FDA's new 2019 strategic Framework for RWE (December 2018) in the U.S).

Download sample copy of report before purchasing this report @ https://www.meticulousresearch.com/download-sample-report/cp_id=4954

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About Meticulous Research

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details.

Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.

With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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