TABLE 19 CLINICAL SETTINGS DATA SETS OFFERED BY KEY MARKET PLAYERS 12.1 KEY PLAYERS TABLE 132 JAPAN: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) 10.4.2 CHINA TABLE 40 DRUG DEVELOPMENT AND APPROVALS MARKET IN OTHER THERAPEUTIC AREAS, BY COUNTRY, 20202027 (USD MILLION) Internet users generate about 2.5 quintillion bytes of data each day. Global Real World Evidence Solutions Market Size, Share & Trends Analysis Report by Component (Services, Data Sets), by Application, by End-user, by . Domain News - Provides the latest real estate and property market news in Australia. The real-world data (RWD) market is expected to grow at a CAGR of 7.4% from 2022 to 2029 to reach $1.66 billion by 2029. : COMPANY SNAPSHOT (2021) In July 2022, TriNetX LLC announced the collaboration with Pediatric Medical Centers (US), to help Pediatric Medical Centers including Childrens National Hospital (US), WVU Medicine Childrens (US), and John Hopkins All Children Hospitals (US), to improvise the investor-initiated research utilizing the pediatric real-world data. Statista. It also helps generate broader scientific evidence and commercial insights, valuable for the pharmaceutical industry. TABLE 6 NORTH AMERICA: HEALTHCARE EXPENDITURE, BY COUNTRY The fast growth of pharmaceutical and medical device companies can be attributed to the increasing importance of RWE studies in drug approvals, the prevention of costly drug recalls, and the assessment of drug performance in real-world settings. Pune, Feb. 20, 2023 (GLOBE NEWSWIRE) -- Real-world evidence is clinical evidence produced from information about the usage and possible advantages and disadvantages of a medical product (RWE).. Global top 2000 strategist rely on us for their growth strategies. 9.4 HEALTHCARE PROVIDERS The name of our company defines our services, strengths, and values. 10.3 EUROPE 12.1.9 ORACLE CORPORATION What are the features and benefits of GDS? 12.1.18 CEGEDIM HEALTH DATA Sign up today for your free Reader Account. TABLE 126 ASIA PACIFIC: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) The third table is a tabulation of the CIA World Factbook GDP (PPP) data update of 2019. Please do not hesitate to contact me. The study categorizes the global real world evidence solutions market based on component, application, end user at regional/country and global level. 10.3.2.1 The growing adoption of HTA in the UK supports market growth TABLE 35 DRUG DEVELOPMENT AND APPROVALS MARKET IN ONCOLOGY, BY COUNTRY, 20202027 (USD MILLION) TABLE 140 CHINA: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) Real-world data (RWD) is data that relates to patient health status and/or the delivery of health care routinely collected from a variety of sources. FIGURE 40 NORTH AMERICA: RWE SOLUTIONS MARKET SNAPSHOT TABLE 57 NORTH AMERICA: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) Thus, the key players in the RWES market are focusing on organic & inorganic growth strategies, which will help them increase their market shares in the coming years. 8.5 MARKET ACCESS AND REIMBURSEMENT/COVERAGE DECISION MAKING The U.S. labor market still shows signs of resilience despite layoffs and slowdown in hiring. Government. ET 12.1.2 IBM CORPORATION (IBM) TABLE 156 LATIN AMERICA: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) FIGURE 22 RWE SOLUTIONS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES Further understanding of the efficacy and safety of medications for diabetes and certain other diseases for which diabetes can be an underlying causative factor is necessary. Real world data (RWD) plays an increasingly important role in clinical research and health care decision making; the 2016 US 21st Century Cures Act places additional emphasis on the use of these types of data to support regulatory decision making. RWE can be produced through various study designs or analyses, including but not limited to randomized trials, large simple trials, pragmatic trials, and observational studies (prospective or retrospective). 7.3.1.1.1 Increasing utilization of EHR data for trial recruitment to fuel growth TABLE 101 ITALY: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) TABLE 161 MIDDLES EAST & AFRICA: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 186 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION: BUSINESS OVERVIEW 7.3.1.4.1 Increasing need to access opinions on diseases and treatments across social media to drive growth The collaboration would allow the company to improve research design and impact of real-world studies with an aim to advance patient health and clinical results.Jul-2021: ICON plc took over PRA Health Sciences, a contract research organization. 12.2.4 TEMPUS LABS INC. Since their creation in 1960, REITs have . To use individual functions (e.g., mark statistics as favourites, set TABLE 25 PATIENT-POWERED DATA SETS OFFERED BY KEY MARKET PLAYERS 8.2 DRUG DEVELOPMENT AND APPROVALS 7.1 INTRODUCTION Defend your Market Share or Win Competitors. FIGURE 15 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 2022 VS. 2027 (USD MILLION) Profit from the additional features of your individual account. 13.4 RELATED REPORTS Support from regulatory bodies for using Real World Evidence Solutions (RWE) and an increase in R&D spending are anticipated to boost market growth. 11.7.2 EMERGING LEADERS 6.9 KEY CONFERENCES AND EVENTS (2022-2023) New solution launches & enhancements enabled companies to broaden their product portfolios, advance the capabilities of existing products and services, and cater to the changing demands of users to ensure a competitive edge in the market. 2.1 RESEARCH DATA TABLE 167 REAL WORLD EVIDENCE SOLUTIONS MARKET: DETAILED LIST OF SMALL & MEDIUM PLAYERS TABLE 117 REST OF EUROPE: RWE MARKET, BY APPLICATION, 20202027 (USD MILLION) $6.36 billion will be spent in the consumer segment. . Through this acquisition, the company aimed at helping businesses create resilient and sustainable operations and supply chains.Oct-2019: Parexel entered into a strategic partnership with HealthVerity, Inc., the service provider for rapid creation, exchange, and management of healthcare and consumer data. FIGURE 52 LABCORP HOLDINGS: COMPANY SNAPSHOT (2021) Real-world data refer to observational data as opposed to data gathered in an experimental setting such as a randomized controlled trial (RCT). 9.4.1 RISE IN THE NEED TO IMPROVE THE PROFITABILITY OF HEALTHCARE PROVIDERS TO BOOST USE In addition, this further reduces the inclination of major stakeholders to adopt real world evidence solutions. TOP-LEVEL FINDINGS. For our commercial pharma clients we integrate their commercial datasets such as ex-factory, in market sales and activity data. 11.6.2 PRODUCT FOOTPRINT OF COMPANIES Data monetization is the sharing of data between companies. Insurance. The data for GDP at purchasing power parity has also been rebased using the new International Comparison Program price surveys and extrapolated to 2007. In September 2021, U.S. FDA released a guidance document for accessing EHR and medical claims data using real-world data to support regulatory decision-making for drug and biological products would promote the adoption of RWE even further. TABLE 119 REST OF EUROPE: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) Before sharing sensitive information, make sure you're on a federal government site. The acquisition would enhance Syneos Healths ability to provide technology-enabled, insight-powered solutions. TABLE 111 SPAIN: RWE MARKET, BY APPLICATION, 20202027 (USD MILLION) As a Premium user you get access to the detailed source references and background information about this statistic. TABLE 50 RWE SOLUTIONS MARKET, BY REGION, 20202027 (USD MILLION) TABLE 99 FRANCE: RWE MARKET, BY END USER, 20202027 (USD MILLION) TABLE 28 REGISTRY-BASED DATA SETS OFFERED BY KEY MARKET PLAYERS 8.2.3 NEUROLOGY 8.2.1 ONCOLOGY In 2021, the real-world datasets segment accounted for the larger share of the overall real-world evidence solutions market. Majority of institutions are currently installing software and tools to store data at their own premises due to ease of access and security, resulting in the large market share of this type of delivery. The Americas contributed 40.2% of the overall market size estimate. TABLE 174 ICON PLC. 2.1.2 PRIMARY DATA 6.5.2.3 Asia Pacific 7.3.1.3 Pharmacy data set Thus, a tendency toward patient-centered virtual care and digitalization is being observed in the industry. "Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025 (in zettabytes)." TABLE 184 TRINITY LIFE SCIENCES: BUSINESS OVERVIEW 11.8.3 RESPONSIVE COMPANIES In addition, with the development of sophisticated, new analytical capabilities, we are better able to analyze these data and apply the results of our analyses to medical product development and approval. RWD can come from a number of sources, for. | Source: TABLE 104 ITALY: RWE MARKET, BY APPLICATION, 20202027 (USD MILLION) Real-world data (RWD) has become a powerful tool in the life sciences industry by pharmaceutical, biotechnology, & medical device companies; healthcare payers; healthcare providers; and other end users (academic research institutions, patient advocacy groups, regulators, and health technology assessment agencies) to add value at every stage of TABLE 33 REAL WORLD EVIDENCE SOLUTIONS MARKET IN DRUG DEVELOPMENT AND APPROVALS, BY TYPE 20202027 (USD MILLION) The site is secure. FIGURE 44 REAL WORLD EVIDENCE SOLUTIONS MARKET: COMPANY EVALUATION QUADRANT (2021) 8.3 MEDICAL DEVICE DEVELOPMENT AND APPROVALS FIGURE 29 GLOBAL PATENT PUBLICATION TRENDS IN THE RWE SOLUTIONS MARKET, 20162021 5.2.2.1 Reluctance of medical practitioners and researchers to rely on real-world studies Are you interested in testing our business solutions? The market is projected to grow from USD 271.83 billion in 2022 to USD 655.53 billion by 2029, exhibiting a CAGR of 13.4% during the forecast period. 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION For more information on RWE, please contact CDERMedicalPolicy-RealWorldEvidence@fda.hhs.gov. 2.6 RISK ASSESSMENT - 98) Pharmaceutical companies require data describing both the approved and medically accepted alternative uses of previously approved drugs. 8.3.1 INCREASING RESEARCH IN MEDICAL DEVICE DEVELOPMENT TO DRIVE DEMAND (June 7, 2021). 5.1 INTRODUCTION The job market has remained resilient through 2022 with employers still seeking to hire despite an uncertain economic outlook and elevated recession fears. TABLE 135 CHINA: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) The process of drug development requires evidence on population size, clinical disease progression, and adherence to similar therapies that can support decision-making. 7.3.1.1 Clinical settings data set (IDC, 2020) In turn, this has increased the possibility of using an end-to-end strategy to leverage a life sciences organizations data, proof, and knowledge resources. 8.6 CLINICAL AND REGULATORY DECISION MAKING Real-world evidence solutions can provide valuable insights to understand better, monitor, and prepare for the challenges caused by the COVID-19 pandemic. Pharmaceutical and biopharmaceutical businesses are choosing fully functional or integrated outsourcing services from the early development phase to the late-stage development phase to meet the requirements for drug development and discovery due to their increasing R&D spending. RWE experts communicate and collaborate with the subject matter experts of the pharmaceutical and medical device companies to offer services to develop intelligent RWE strategies (consulting services) and use the analytical capabilities to provide meaningful statistical insights. 9.2.1 INCREASED R&D EXPENDITURE IN INNOVATIVE MEDICINES TO DRIVE MARKET GROWTH 10.5.1 INCREASED HEALTHCARE EXPENDITURE TO SUPPORT MARKET GROWTH For example, the role of RWE in drug development is expanding as RWE studies are significantly less costly and time-consuming than RCTs, providing easier access to long-term effectiveness data and helping overcome some of the feasibility barriers of running RCTs. Download Report. TABLE 136 CHINA: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) Congress defined RWE as data regarding the usage, or the potential benefits or risks, of a drug derived from sources other than traditional clinical trials. FIGURE 39 R&D SPENDING OF PHARMA MEMBER COMPANIES, 20112020 The Asia Pacific segment procured a considerable growth rate in the real world evidence solutions market in 2021. 12.1.4 ICON PLC. Increased government initiatives to implement RWE studies and numerous contract research organizations (CROs) and contract research manufacturing organizations in nations like China and India are responsible for this regions rise. 10.3.1.1 High pharmaceutical R&D spending in Germany to boost the market growth TABLE 27 USE OF REGISTRIES FOR EVIDENCE GENERATION The figures from 2021 to 2025 were calculated by Statista based on the 2020 forecast figure and the five-year compound annual growth rate (CAGR) of 23 percent provided by the source. The primary sources from the demand side included Directors, and strategy managers of pharmaceutical and medical device companies, insurance providers, healthcare providers, and department heads. 10.4.1 JAPAN FIGURE 10 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION) 12.2 OTHER PLAYERS For instance, in April 2020, ICON plc (Ireland) signed a three-year agreement with Pfizer Inc. (U.S.), under which ICON provides expertise in the planning, execution, management, and conduct of clinical trials. Smart Buildings Market Size in 2022 with Top Countries Data, SWOT Analysis, Share, Top Manufactures, Growth Insights and Forecasts to 2027 | Honeywell, Siemens, Schneider Electric, Johnson Controls 9.3 HEALTHCARE PAYERS The PKeye platform enables the user to monitor the moving of samples efficiently through extraction, quality management, and liquid handling procedures.Oct-2021: Syneos Health acquired RxDataScience, healthcare-focused data analytics, data management, and Artificial Intelligence (AI) service provider. 10.4.3 INDIA Payers infrequently used real-world evidence (RWE), or information on how treatments work in the real world, to guide their medication coverage and reimbursement decisions. 11.9.3 OTHER DEVELOPMENTS As of December 1, 2022, there was nearly one job opening for every active applicant on LinkedIn. The GDS software can easily be integrated on Android, iOS, and Web platforms. The global big data market in terms of revenue was estimated to be worth $162.6 billion in 2021 and is poised to reach $273.4 billion by 2026, growing at a CAGR of 11.0% from 2021 to 2026. The size of the professionally managed real estate market also continued to grow in 2021, rising to USD 11.4 trillion from USD 10.5 trillion in 2020. 11.3 REVENUE SHARE ANALYSIS OF KEY PLAYERS TABLE 86 UK: MACROECONOMIC INDICATORS TABLE 37 DRUG DEVELOPMENT AND APPROVALS MARKET IN CARDIOVASCULAR DISEASE, BY COUNTRY, 20202027 (USD MILLION) Available: https://www.statista.com/statistics/871513/worldwide-data-created/, Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025, Available to download in PNG, PDF, XLS format, Global IT spending forecast 2012-2023, by segment, IT spending year-over-year growth worldwide 2016-2023, by segment, Worldwide storage revenue growth 2017-2027, Worldwide storage spending per employee 2016-2028, Information archiving solutions market size worldwide 2014-2026, Amount of data created, consumed, and stored 2010-2020, with forecasts to 2025, Worldwide data storage unit revenue 2014-2027, Worldwide data storage unit revenue growth 2015-2027, Sales volume of data storage units worldwide 2014-2027, Data storage units volume growth worldwide 2015-2027, Per unit price of data storage units worldwide 2014-2027, DRAM market revenue worldwide 2010-2022, by quarter, NAND flash market revenue worldwide 2010-2022, by quarter, Market revenue from external enterprise storage systems 2009-2021, by quarter, NAND flash manufacturers revenue worldwide 2010-2022, by quarter, Enterprise external storage systems factory revenue worldwide 2009-2021, by quarter, Enterprise external storage systems vendor market share 2008-2021, by quarter, Spending on cloud and data centers 2009-2021, by segment, Share of IT infrastructure spending worldwide 2014-2024, by deployment type, Worldwide enterprise cloud strategy 2017-2022, Global unstructured data storage repositories used 2021, Global cloud storage security issues 2020-2021, by organization size, Global cloud identity and access management issues 2020-2021, by organization size, Smart building data volume collected globally 2010-2020, Data economy's impact on GDP in EU and UK 2018-2025, Number of data users in the EU and UK 2016-2020 and 2025, Data companies' revenues in the EU and UK 2016-2020 and 2025, Internet data consumption in Asia Pacific 2015-2020 by selected countries, Total Enterprise datasphere size by industry worldwide 2018, Internet data consumption in Indonesia 2013-2020, Internet data consumption in China 2013-2020, Value of data economy in EU and UK 2016-2020 and 2025, Average data consumption per user in one quarter in Indonesia 2019, Data as a share of total mobile service revenue in China 2004-2014, Mobile data as share of total telecom revenue in the United Kingdom (UK) 2004-2014, Monthly mobile data consumption volume by SIM card in France 2008-2017, All-flash array price in Taiwan Q3 2016-Q3 2018, Visual data room market value worldwide 2018-2027, Distribution of smartphone contracts with major providers Japan 2020, by data volume, Number of data professionals in the U.S. 2016-2020, Number of data professionals in the EU and UK 2016-2020 and 2025, Distribution of budget SIM cards for smartphones Japan 2020, by data volume, Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025 (in zettabytes), Find your information in our database containing over 20,000 reports. TABLE 67 CANADA: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) $12 billion - the worldwide market size of AR/VR in 2020. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). The global real world evidence solutions market size is expected to reach USD 78.80 billion by 2030. 12.1.8 LABCORP HOLDINGS TABLE 127 JAPAN: MACROECONOMIC INDICATORS TABLE 30 INTEGRATED DATA SETS OFFERED BY KEY MARKET PLAYERS Additionally, the adoption of RWE in the pharmaceutical industry continues to increase due to its use in meeting regulatory compliance requirements as well as payer demands related to HEOR. Data are in millions of international dollars; they were compiled by the World Bank. Users can now filter, sort and download two data types: Summary Automotive Trends Data. A series of well-publicized recalls, and regulatory settlements have left policymakers and consumers questioning the safety of medical products and their trust in manufacturers. Similarly, RWE can accelerate label expansion and decrease the overall cost of the evidence needed for filing. TABLE 189 VERANTOS INC.: BUSINESS OVERVIEW The worldwide market size of BI & analytics software applications could reach $17.6 billion by 2024. Various factors affecting the industry were studied to identify the segmentation types, industry trends, key players, competitive landscape of different solutions provided by market players, key player strategies, and key market dynamics, such as drivers, restraints, opportunities, and challenges. 11.6.3 REGIONAL FOOTPRINT OF COMPANIES Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________, https://www.reportlinker.com/p06422625/?utm_source=GNW. The top five markets in 2020 were: United States ($15.1 billion), China ($6.3 billion), Germany ($5.7 billion), Japan ($4.2 billion) and France ($2.7 billion). 7.2.1 RISING NEED TO CONVERT DATA INTO ACTIONABLE EVIDENCE TO DRIVE DEMAND 10.4.1.1 Stringent regulatory scenario in Japan to restrain market growth The global real world evidence solutions market is projected to grow at a Compound Annual Growth Rate (CAGR) of 15.2% from 2022 to 2027. The real estate market includes buying and selling of residential, commercial, and industrial properties such as flats, bungalows, offices and villas. TABLE 52 NORTH AMERICA: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) - 122) 1.1 OBJECTIVES OF THE STUDY You need a Statista Account for unlimited access. Poor data quality costs the US economy up to $3.1 trillion yearly. Our clients rely on our information and data to stay . TABLE 23 PHARMACY DATA SETS OFFERED BY KEY MARKET PLAYERS Learn more about how Statista can support your business. The growth of this market is driven by factors such as the rising prevalence of chronic diseases, rapidly growing big data in healthcare, the shift from volume to value-based care, and the In addition, both companies would be able to accelerate product development in order to ensure efficiencies in patient recruitment, engagement, access, and diversity.Sep-2021: IQVIA joined hands with HealthCore, a U.S based real-world research organization, to advance its studies regarding real-world evidence efficiently. 8.2.5 OTHER THERAPEUTIC AREAS Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the real world evidence solutions market. To forecast the size of the market segments with respect to five regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Business Solutions including all features. TABLE 80 GERMANY: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 5.2.1.1 Rise in the geriatric population and the subsequent increase in the prevalence of chronic diseases 11.8.1 PROGRESSIVE COMPANIES TABLE 75 EUROPE: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 12.1.19 VERANTOS INC. FIGURE 49 ICON PLC. The segments growth is linked to the widespread use of real-world evidence services by healthcare organizations and businesses involved in biotechnology and pharmaceuticals. TABLE 166 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN THE REAL WORLD EVIDENCE SOLUTIONS MARKET TABLE 116 REST OF EUROPE: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 54 NORTH AMERICA: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) FDA Announces New Funding Opportunity for Using Real-World Data to Generate Real-World Evidence in Regulatory Decision-Making, FDA Issues Draft Guidances on Real-World Evidence, Prepares to Publish More in Future, FDA Clinical Investigator Training Course, Real-World Evidence- Dec 2021, FDA Approves New Use of Transplant Drug Based on Real-World Evidence, FDA Announces 4 Grant Awards for Projects Exploring the Use of Real-World Data to Generate Real-World Evidence in Regulatory Decision-Making, CDER Small Business and Industry Assistance Webinar: Framework for FDAs Real-World Evidence Program - Mar 15, 2019, CDERMedicalPolicy-RealWorldEvidence@fda.hhs.gov. 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