Press release
Evolving Market Trends In The Real World Evidence Solutions Industry: nspire Launches Real-World Evidence Solutions to Drive Patient-Centered Healthcare with Data-Driven Insights
Real World Evidence Solutions
What Is the Expected Real World Evidence Solutions Market Size During the Forecast Period?
The market size for real-world evidence solutions has seen a swift expansion in the last few years. The growth projects from $2.03 billion in 2024 to $2.34 billion in 2025, with a compound annual growth rate (CAGR) of 14.9%. This significant increase during the historical period can be traced back to the expansion in the pharmaceutical and healthcare sectors, the need for post-market tracking and drug safety, the proliferation of electronic health records and data, the uptake in clinical studies and outcome evaluation, and regulatory norms for real-world evidence (rwe).
The market size for real world evidence solutions is anticipated to experience substantial expansion in the coming years, escalating to a value of $4.21 billion in 2029 at a compound annual growth rate (CAGR) of 15.9%. The advancement during this forecast period is likely due to the development of tailored real world evidence solutions for specific therapeutic areas, the broadening of real-world data networks, innovative strides in real-world evidence generation, the utilization of real-world evidence in drug development and access, and partnerships between the healthcare and technology sectors. Key trends for the forecast period are set to include AI-powered predictive analysis in real world evidence, regulatory adherence concerning data privacy and security in real world evidence, bespoke real world evidence solutions for healthcare professionals, openness in data sharing and real world evidence results, and the incorporation of real-world evidence in drug pricing and reimbursement decisions.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6930
What Are the High-Growth Segments in the Real World Evidence Solutions Market?
The real world evidence solutions market covered in this report is segmented -
1) By Component: Services, Data Sets, Clinical Setting Data, Claims Data, Pharmacy Data, Patient Powered Data
2) By Therapeutic Area: Oncology, Cardiovascular, Neurology, Immunology, Other Therapeutic Areas
3) By Application: Drug Development And Approvals, Medical Device Development And Approvals, Reimbursement/Coverage And Regulatory Decision Making, Post market Safety And Adverse Events Monitoring
4) By End-Users: Pharmaceutical And Medical Devices Companies, Healthcare Providers, Healthcare Payers, Other End-Users
Subsegments:
1) By Services: Consulting Services, Data Management Services, Regulatory Services, Analytics Services
2) By Data Sets: Electronic Health Records (EHR), Patient Registries, Clinical Trials Data, Observational Study Data
3) By Clinical Setting Data: Hospital Data, Outpatient Data, Specialty Care Data, Claims Data
4) By Insurance Claims Data: Medicare/Medicaid Data, Commercial Claims Data, Pharmacy Data
5) By Prescription Data: Pharmacy Claims Data, Drug Utilization Data
6) By Patient Powered Data: Patient Surveys, Patient-Reported Outcomes (PRO), Wearable Device Data
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6930&type=smp
What Key Drivers Are Expected to Influence Future Real World Evidence Solutions Market Growth?
The increase in the elderly population is touted to boost the expansion of the real-world evidence solutions market. This demographic, specifically, individuals aged 65 and above, is more susceptible to various conditions including postural hypotension and balance or gait impairment. The risk of enduring chronic diseases like strokes, cardiovascular diseases, type 2 diabetes, arthritis, and cancer amplifies with aging. For instance, the Population Reference Bureau, an American nonprofit organization, reported in January 2024 that it's anticipated that the population of Americans aged 65 and older will surge from 58 million in 2022 to 82 million by 2050, marking a 47% increase. Also, their percentage of the total population is expected to leap from 17% to 23%. Hence, the growing number of older individuals is facilitating the upswing of the real-world evidence solutions market.
Which Companies Hold the Largest Share Across Different Real World Evidence Solutions Market Segments?
Major companies operating in the real world evidence solutions market include Anthem Inc., Cegedim Health Data, Clarivate PLC, Clinigen Group, Cognizant Technology Solutions Corporation, Flatiron Health Inc., International Business Machines Corporation, ICON plc, IQVIA Holdings Inc., Medpace Holdings Inc., Optum Inc., Oracle Corporation, PAREXEL International Corporation, PerkinElmer Inc., PPD Inc., SAS Institute Inc., Syneos Health, Symphony Innovation LLC, UnitedHealth Group Incorporated, Amerisource Bergen Corporation, Cardinal Health, Deloitte Touche Tohmatsu Limited, Informa PLC, Palantir Technologies, UDG Healthcare PLC, Thermo Fisher Scientific Inc., Elevance Health Inc., Covance Consulting Ltd., Clinipace Worldwide, Evidera Inc., Pharmerit International, Analysis Group Inc., HealthCore Inc., Inovalon Holdings Inc., KMK Consulting Inc.
What Trends Are Driving Growth in The Real World Evidence Solutions Market?
The rise and increased recognition of real-world evidence is clearly becoming a central trend within the real-world evidence market. The successful commercialization and facilitation of decision-making through the use of real-world data is proving crucial, with real-world evidence effectively meeting the further need for information. For example, in May 2023, US-based data infrastructure and analytics firm Inspire launched its own services for Real-World Evidence (RWE). The RWE provided by Inspire delivers groundbreaking data and analytical solutions for companies within the life sciences sector. This is achieved through their patient interaction platform which collects genuine insights from millions of patients with the intended goal of enhancing patient-focused health outputs.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/real-world-evidence-solutions-global-market-report
What Are the Emerging Geographies for The Real World Evidence Solutions Market Growth?
North America was the largest region in the real world evidence solutions market in 2024. Asia-Pacific is expected to be the fastest-growing region in the real world evidence solutions market share during the forecast period. The regions covered in the real world evidence solutions market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Real World Evidence Solutions Market?
2. What is the CAGR expected in the Real World Evidence Solutions Market?
3. What Are the Key Innovations Transforming the Real World Evidence Solutions Industry?
4. Which Region Is Leading the Real World Evidence Solutions Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Evolving Market Trends In The Real World Evidence Solutions Industry: nspire Launches Real-World Evidence Solutions to Drive Patient-Centered Healthcare with Data-Driven Insights here
News-ID: 3962250 • Views: …
More Releases from The Business Research Company
Key Strategic Developments and Emerging Changes Shaping the Rain Gutter Market L …
The rain gutter market is on track for significant growth in the coming years, driven by innovations in design and material technology, as well as increasing demand across various infrastructure sectors. As urban development and sustainability priorities rise, this market is poised to expand rapidly, offering new opportunities for manufacturers and service providers alike.
Projected Growth and Market Size of the Rain Gutter Market
By 2030, the rain gutter market is…
Emerging Sub-Segments Transforming the Property Management Market Landscape
The property management industry is on the verge of significant expansion as technology and operational demands evolve rapidly. Advancements such as AI integration and smart monitoring systems are shaping the future of this market, creating new avenues for efficiency and growth. Understanding the current landscape, key players, trends, and growth drivers provides valuable insight into what lies ahead for the property management sector.
Forecasted Growth and Market Size of the Property…
Emerging Growth Patterns Driving Expansion in the Prefabricated Building Sealant …
The prefabricated building sealant industry is on track for significant expansion as advancements in technology and sustainability reshape the market landscape. With new innovations and growing demand for high-performance materials, this sector is set to experience impressive growth over the coming years. Let's explore the market size, key players, prevailing trends, and segmentation to understand its future potential.
Projected Growth of the Prefabricated Building Sealant Market by 2030
The market for…
Segment Analysis and Major Growth Areas in the Portable Toilets Sales Market
The portable toilets sales market is poised for significant expansion in the coming years, driven by technological advancements and increasing demand for sustainable sanitation solutions. As the industry evolves, innovations in smart monitoring and eco-friendly designs are expected to play a crucial role in shaping its future. Below, we explore the market size projections, major players, emerging trends, and segmentation details that define this dynamic sector.
Projected Growth Trajectory for the…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
