Press release
Unlocking Healthcare Insights: HEOR Services Market Set to Soar to $2.18 Billion by 2027 at 12.1% CAGR || McKesson Corporation, Optum Inc., Cardinal Health, IQVIA Inc
Health Economics And Outcomes Research (HEOR) Services Market
The Business Research Company's Health Economics And Outcomes Research (HEOR) Services Global Market Report 2023 identifies the surge in the number of clinical trials is expected to propel the growth of the health economics and outcomes research services market going forward. Clinical trials are research studies conducted with human participants to evaluate the safety and effectiveness of new medical treatments, interventions, or diagnostic procedures. Health economics and outcomes research (HEOR) services are utilized in clinical trials to evaluate medical interventions' economic impact, cost-effectiveness, and real-world outcomes, providing valuable insights for decision-making and reimbursement strategies. For instance, in May 2023, according to the United States National Library of Medicine, the number of clinical trials registered studies increased from 399,499 in 2022 to 437,533 in all 50 states and across 221 countries.
The global health economics and outcomes research (HEOR) services market size is expected to grow from $1.22 billion in 2022 to $1.38 billion in 2023 at a compound annual growth rate (CAGR) of 13.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of health economics and outcomes research (HEOR) services market are expected to reach $2.18 billion in 2027 at a CAGR of 12.1%.
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Major competitors in the health economics and outcomes research (HEOR) services market are McKesson Corporation, Optum Inc., Cardinal Health, IQVIA Inc., ICON PLC, PPD Inc., Syneos Health, Medlior Health Outcomes Research Ltd., Axtria Inc., Parexel International, RTI Health Solutions, Wellth Inc., Westat, SidekickHealth.
A key trend in the health economics and outcomes research (HEOR) services market includes advancements in real-world evidence platforms. Major companies operating in the health economics and outcomes research services market are adopting innovative technologies to transform healthcare decision-making, drug development, and patient care by leveraging real-world data to generate evidence-based insights and sustain their position in the market. For instance, in April 2023, Komodo Health, a US-based healthcare technology company specializing in real-world evidence (RWE) and data analytics, launched MapEnhance, a network of specialty data partners integrated into real-world evidence (RWE) technology platform. The new platform enhances the analytical capabilities of Komodo's Healthcare Map by incorporating exclusive and highly informative data curated from its partner network
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The Health Economics And Outcomes Research (HEOR) Services market is segmented -
1) By Service: Real World Evidence, Payer Evidence, Pricing And Reimbursement, Epidemiology Studies, Market Access, Other Services
2) By Offering: Outsourced, In-House
3) By Service Provider: Consultancy, Contract Research Organizations (CRO)
4) By End-Use: Healthcare Provider, Healthcare Payers, Biotechnology And Pharmaceutical Companies, Government Organization, Other End-Users
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the health economics and outcomes research (HEOR) services market.
The Business Research Company's "Global Health Economics And Outcomes Research (HEOR) Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Health Economics And Outcomes Research (HEOR) Services Market Include:
1. Executive Summary
2. Health Economics And Outcomes Research (HEOR) Services Market Characteristic
3. Health Economics And Outcomes Research (HEOR) Services Market Trends And Strategies
4. Health Economics And Outcomes Research (HEOR) Services Market - Macro Economic Scenario
5. Health Economics And Outcomes Research (HEOR) Services Market Size And Growth
……………
27. Health Economics And Outcomes Research (HEOR) Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Health Economics And Outcomes Research (HEOR) Services Market
29. Health Economics And Outcomes Research (HEOR) Services Market Future Outlook And Potential Analysis
30. Appendix
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