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

The Real World Evidence Solutions Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

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.

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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

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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.

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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?

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