Real-World Evidence Solution Market is set to grow at a 8.07% CAGR, reaching USD 5.2 billion by 2032, analyses DelveInsight

According to DelveInsight, the real-world evidence (RWE) solutions market is expanding rapidly, primarily due to the increasing global burden of chronic diseases and the growing need to improve healthcare outcomes. In addition, advancements in big data analytics, artificial intelligence, and machine learning are enhancing the ability to efficiently process and interpret large-scale real-world datasets. The rising adoption of RWE solutions by pharmaceutical and biotechnology companies - to support drug development, strengthen regulatory submissions, boost market access, and ensure post-marketing safety and effectiveness - is further accelerating market growth.

DelveInsight's report, "Real-World Evidence Solution Market Insights, Competitive Landscape and Market Forecast-2032," provides an in-depth analysis of current and future market trends, upcoming technological innovations, key growth drivers, challenges, and barriers. The study also highlights major emerging tools and leading companies actively shaping the RWE solutions landscape.

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Real-World Evidence Solution Overview
Real-World Evidence (RWE) Solutions comprise platforms, tools, and methodologies designed to gather, assess, and interpret data derived from real-world sources - beyond controlled clinical trials - to better understand how treatments perform in everyday clinical practice. These data sources include electronic health records (EHRs), insurance claims, registries, wearable devices, and patient-reported outcomes. RWE solutions help pharmaceutical companies, regulators, clinicians, and other stakeholders evaluate safety, efficacy, and patient outcomes, inform regulatory decisions, guide drug-development strategies, and support value-based care initiatives. Ultimately, they bridge the divide between trial-based outcomes and real-world patient experiences.

DelveInsight Real-World Evidence Solution Market Analysis
The global RWE solutions market was valued at approximately USD 2,832.33 million in 2024 and is expected to grow at a CAGR of 8.07% from 2025 to 2032, ultimately reaching about USD 5,240.07 million by 2032.

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Real-World Evidence Solution Market Insights
North America is expected to lead the global RWE solutions market in 2024. The region's leadership is driven by a surge in clinical trial activity driven by rising chronic disease prevalence, coupled with rapid innovation in AI, ML, and advanced data analytics. These technologies enable more effective data processing and deliver deeper insights into real-world treatment outcomes. The strong presence of major pharmaceutical and biotech companies, supported by ongoing research and drug-development efforts, also contributes significantly to market expansion in the region.

Recent Real-World Evidence Solution Market Developments
• April 2024: Flatiron Health renewed its collaboration with NCCN®, continuing its joint efforts to maintain the NCCN Quality & Outcomes Database, which aggregates cancer care data from NCCN centers.
• September 2023: A Company supported Mount Sinai Health System in migrating its Epic EMR to Microsoft Azure - marking the largest Epic-on-Azure deployment to date - aimed at accelerating digital transformation and healthcare innovation.
• August 2023: Thermo Fisher Scientific completed its USD 912.5 million acquisition of CorEvitas, LLC, a leading provider of regulatory-grade real-world evidence, strengthening its position in the healthcare data space.
These advancements are expected to further propel RWE solution adoption over the forecast period.

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Key Companies in the Real-World Evidence Solution Market
Leading players include:
• IQVIA Inc.
• Optum, Inc.
• Flatiron Health
• Oracle
• Parexel International
• Aetion, Inc.
• Tempus
• Syapse, Inc.
• IBM
• PerkinElmer Inc.
• Syneos Health
• TriNetX
• Evidera
• Clinerion
• Cegedim Health Data
• ...and several others.

Real-World Evidence Solution Market Landscape Highlights
Pharmaceutical and biotechnology companies are increasingly recognizing the importance of RWE in enhancing drug development, regulatory submissions, and commercialization strategies. As randomized clinical trials often face limitations - such as high costs, lengthy timelines, and restricted patient diversity - RWE helps refine target populations, optimize trial design, and boost recruitment efficiency.

A notable example is the August 2021 approval of a new indication for Jardiance (empagliflozin) for heart failure patients, supported by real-world data that reinforced findings from the EMPEROR-Reduced Phase III trial.
Despite its advantages, the RWE market faces challenges, including data validation issues, operational complexities, and cybersecurity risks, which may slightly hinder growth.

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Scope of the Real-World Evidence Solution Market Report
• Coverage: Global
• Study Period: 2022-2032
• Segmentation by Data Source: Medical claims, clinical data, pharmacy data, other sources
• Segmentation by Therapeutic Area: Oncology, immunology, neurology, cardiovascular, and others
• Segmentation by End User: Pharmaceutical & medical device companies, healthcare providers, others
• Geographical Segmentation: North America, Europe, Asia-Pacific, Rest of the World
• Includes: Porter's Five Forces, product profiles, case studies, KOL insights, analyst viewpoints

Contact Us:
Ankit Nigam
Manager Marketing
info@delveinsight.com
+14699457679

About DelveInsight
DelveInsight is a leading Life Science market research and business consulting company recognized for its off-the-shelf syndicated market research reports and customized solutions to firms in the healthcare sector.

This release was published on openPR.