on February 23, 2023 By Marcus Lu Retail Investors' Most Popular Stocks of 2023 (YTD) According to VandaTrack, retail investors are still a force to be reckoned with, adding an average of $1.5 billion each day into U.S. markets. statistic alerts) please log in with your personal account. 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. TABLE 64 US: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) TABLE 156 LATIN AMERICA: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 179 ORACLE CORPORATION: BUSINESS OVERVIEW It is the process of using data to generate revenue or create new revenue-generating streams. TABLE 107 SPAIN: MACROECONOMIC INDICATORS TABLE 183 TRINETX LLC: BUSINESS OVERVIEW FIGURE 22 RWE SOLUTIONS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES ReportLinker Sign up today for your free Reader Account. TABLE 109 SPAIN: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 189 VERANTOS INC.: BUSINESS OVERVIEW As a result, an opportunity for an end-to-end approach to leverage the data, evidence, and knowledge assets of a life sciences organisation has been created, which is helping to break down the conventional silos and is enabling insight-driven decision-making from the phase of product R&D to its commercialization. The global real world evidence solutions market size is expected to reach USD 78.80 billion by 2030. TABLE 172 IBM CORPORATION: BUSINESS OVERVIEW TABLE 21 CLAIMS DATA SETS OFFERED BY KEY MARKET 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. TABLE 152 REST OF ASIA PACIFIC: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 130 JAPAN: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 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. 10.4.4 REST OF ASIA PACIFIC RWD can come from a number of sources, for. It was also used to obtain important information about the key players, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. The increasing emphasis on clinical value evidence for choices to offer coverage and the rising cost of therapy is responsible for expanding the reimbursement/coverage and regulatory decision-making segment. Pharma data analyses extract insights, inform new strategies and provide KPI tracking. 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. TABLE 61 US: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) An assessment of the competitive landscape and market shares for major companies. Currently, you are using a shared account. Big Data Market Size, Global Industry Forecast. The .gov means its official.Federal government websites often end in .gov or .mil. 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. FIGURE 40 NORTH AMERICA: RWE SOLUTIONS MARKET SNAPSHOT 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. Coming Soon listings are homes that will soon be on the market. 1.4 LIMITATIONS Willie is currently a sophomore at the University of Pittsburgh College of Business Administration double majoring in Finance and Business Information Systems and minoring in Economics. This research study involved the extensive use of both primary and secondary sources. 10.1 INTRODUCTION Let us know if you would like to assess the impact of COVID-19 on any industry here-https://www.meticulousresearch.com/custom-research, U.S. The Big Data industry is driven by a sharp increase in data volume. 6.5.2.2 Europe 6.7.3.1 China 10.5.1 INCREASED HEALTHCARE EXPENDITURE TO SUPPORT MARKET GROWTH In April 2021, IQVIA Holdings Inc. announced the launch of Connected Intelligence Platform. TABLE 103 ITALY: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) 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. Before sharing sensitive information, make sure you're on a federal government site. TABLE 93 FRANCE: MACROECONOMIC INDICATORS TABLE 26 RWE PATIENT-POWERED DISPARATE DATA MARKET, BY COUNTRY, 20202027 (USD MILLION) 7.3.1.1 Clinical settings data set 2.7.1 METHODOLOGY-RELATED LIMITATIONS, 3 EXECUTIVE SUMMARY (Page No. 7.3.1.4 Patient-powered data set FIGURE 39 R&D SPENDING OF PHARMA MEMBER COMPANIES, 20112020 As a result, the demand for RWE services is higher in comparison to RWE data sets. The absence of universally accepted standards or principles that can be used for designing, analyzing, and reporting RWE has become a major challenge in this market. TABLE 39 DRUG DEVELOPMENT AND APPROVALS MARKET IN IMMUNOLOGY, BY COUNTRY, 20202027 (USD MILLION) TABLE 184 TRINITY LIFE SCIENCES: BUSINESS OVERVIEW Government. TABLE 165 MIDDLES EAST & AFRICA: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION), 11 COMPETITIVE LANDSCAPE (Page No. This lack of consensus has led to a situation where RWE lacks the quality to be part of the body of evidence used to determine the comparative effectiveness of different treatment options. The economic and investment reach of those assets are felt by millions of Americans all across the country. TABLE 175 SYNEOS HEALTH INC.: BUSINESS OVERVIEW The healthcare ecosystem is changing, and there is increased scrutiny on healthcare costs as stakeholders in the healthcare industry seek new alternatives to deal with the unsustainable cost burden and relatively poor return on investment. 2.7 LIMITATIONS Additionally, countries such as Japan and China in the region have a well-established clinical trial infrastructure, a strong medical workforce, robust healthcare capabilities, and stringent quality standards, which are supporting market growth in Asia Pacific. NAND flash manufacturers revenue share worldwide 2010-2022, by quarter, DRAM manufacturers revenue share worldwide 2011-2022, by quarter, Number of data centers worldwide 2022, by country, DRAM manufacturers revenue worldwide 2011-2022, by quarter. 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 The industry insights chapters include value chain analysis, Porters five forces analysis, technology analysis, patent analysis, key conferences and events in 20222023, pricing analysis, and key stakeholders and buying criteria. TABLE 58 US: MACROECONOMIC INDICATORS In 2021, the market access & reimbursement/coverage decisions segment accounted for the largest share of the overall real-world evidence solutions market. Insurance. TABLE 163 MIDDLES EAST & AFRICA: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) 1.2.3 YEARS CONSIDERED FOR THE STUDY In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Detailed research and segmentation for the main products and markets. RWE has spread quickly across applications, yet some stakeholders still hesitate to rely on them. Among all industry sectors, the pharmaceutical industry spends the largest percentage of its revenue on research and development. TABLE 190 MEDPACE HOLDINGS INC.: BUSINESS OVERVIEW Forecasts show that the market will grow from $14.9 billion to $17.6 billion in 2024. TABLE 66 CANADA: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 7.3.1.3 Pharmacy data set 6.4.5 INTENSITY OF COMPETITIVE RIVALRY Real-world data (RWD) is defined as "the data relating to patient health status and/or the delivery of health care routinely collected from a variety of sources." 1 Sources of RWD include, but are not limited to: Electronic health records (EHRs); Claims and billing activity; Product and disease registries; 12.1.4 ICON PLC. Market Overview: The global real-world evidence solutions market size reached US$ 1.6 Billion in 2022. With this acquisition, the company aimed to strengthen its software portfolio through automation, data, and AI in order to address the full spectrum of observability.Nov-2021: PerkinElmer unveiled PKeye, a workflow monitor platform for remotely managing and monitoring workflows. Note 2: Other primaries include sales managers, marketing managers, and product managers. Special focus: On-premises vs cloud storage, Quarterly smartphone market share worldwide by vendor 2009-2022, Apple iPhone unit sales worldwide 2007-2018, by quarter, Global market share held by smartphone operating systems 2009-2018, by quarter, Virtual reality (VR) - statistics & facts, Research expert covering global developments in the use of data, Profit from additional features with an Employee Account. TABLE 182 AETION INC.: BUSINESS OVERVIEW 13.3 CUSTOMIZATION OPTIONS Our real world data product includes more than 300 million longitudinal covered lives, 2 million healthcare providers and 98% of payers in the United States, with visibility into more than 120 million linked claims and electronic health records (EHR). TABLE 71 CANADA: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) 7.3 DATA SETS 7.3.1.5 Registry-based data sets 8.2.3 NEUROLOGY 6.1.1 EMERGING ROLE OF WEARABLE DEVICES TABLE 149 REST OF ASIA PACIFIC: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) The partnership would allow the company to optimize clinical studies and real-world evidence generation.Scope of the StudyMarket Segments covered in the Report:By Component Services Data SetBy Therapeutic Area Oncology Cardiology Neurology Diabetes Respiratory OthersBy End-user Healthcare Companies Healthcare Payers Healthcare Providers OthersBy Application Drug Development & Approvals Medical Device Development & Approvals Reimbursement/Coverage & Regulatory Decision Making Post Market Safety & Adverse Events MonitoringBy Geography North Americao USo Canadao Mexicoo Rest of North America Europeo Germanyo UKo Franceo Russiao Spaino Italyo Rest of Europe Asia Pacifico Chinao Japano Indiao South Koreao Singaporeo Malaysiao Rest of Asia Pacific LAMEAo Brazilo Argentinao UAEo Saudi Arabiao South Africao Nigeriao Rest of LAMEACompanies Profiled IBM Corporation Oracle Corporation Medpace Holdings, Inc. IQVIA Holdings, Inc. ICON plc PerkinElmer, Inc. Parexel International Corporation (Phoenix Parentco, Inc.) PPD, Inc. (Thermo Fisher Scientific, Inc.) UnitedHealth Group, Inc. (Optum, Inc.) Syneos Health, Inc.Unique Offerings Exhaustive coverage Highest number of market tables and figures Subscription based model available Guaranteed best price Assured post sales research support with 10% customization freeRead the full report: https://www.reportlinker.com/p06422625/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. 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. RWE can be produced through various study designs or analyses, including but not . "Volume of Data/Information Created, Captured, Copied, and Consumed Worldwide from 2010 to 2020, with Forecasts from 2021 to 2025 (in Zettabytes). Real-world evidence (RWE) is clinical evidence gathered via RWD analysis on the use and potential benefits or risks of a medical product. - 257) An official website of the United States government, : Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. 2.5 ASSUMPTIONS FOR THE STUDY FIGURE 7 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES The desire to drastically accelerate R&D, reinforced by a greater understanding of data science, has made the healthcare community more receptive to expanding the use of RWE beyond traditional safety-related applications. : BUSINESS OVERVIEW TABLE 78 EUROPE: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) "Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025 (in zettabytes)." 10.3.1 GERMANY EMERGING MARKETS TABLE 23 PHARMACY DATA SETS OFFERED BY KEY MARKET PLAYERS 7.3.1.4.1 Increasing need to access opinions on diseases and treatments across social media to drive growth TABLE 171 IQVIA HOLDINGS INC.: BUSINESS OVERVIEW The total size of the real world evidence solutions market was arrived at after data triangulation from three different approaches- revenue share analysis, segmental extrapolation, and primary interviews. In December 2021, TriNetX LLC announced the launch of Diversity Lens, an analytic feature that enables healthcare and life sciences organizations to make use of real-world data to comprehend and address racial and ethnic differences in clinical trial patient participation. 10.2.2.1 Growing number of clinical trials in Canada to drive market growth 1.2 MARKET DEFINITION Real World Evidence Solutions Market Size And Forecast Real World Evidence Solutions Market size was valued at USD 870.79 Million in 2020 and is projected to reach USD 2463.14 Million by 2028, growing at a CAGR of 13.92% from 2021 to 2028. 13.1 DISCUSSION GUIDE RWE can be generated by different study designs or analyses, including but not limited to, randomized trials, including large simple trials, pragmatic trials, and observational studies (prospective and/or retrospective). 4.3 RWE SOLUTIONS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES TABLE 36 LIST OF PIPELINE DRUGS FOR CARDIOVASCULAR DISEASE (BY FEBRUARY 2022) Annual size of real time data in the. 6.7.2 EUROPE Using the GlobalData Clinical Trials database, it was found that there are currently 194 real-world evidence trials, the highest annual number recorded so far, followed by 2019, which had 160 trials. TABLE 174 ICON PLC. Location: New York, New York Aetion operates as a real-world evidence and analysis platform to assist the healthcare industry. TABLE 127 JAPAN: MACROECONOMIC INDICATORS TABLE 111 SPAIN: RWE MARKET, BY APPLICATION, 20202027 (USD MILLION) TABLE 117 REST OF EUROPE: RWE MARKET, BY APPLICATION, 20202027 (USD MILLION) Are you interested in testing our business solutions? A database of the key industry leaders was also prepared using secondary research. Healthcare Providers. Real-world data are the data relating to patient health status and/or the delivery of health care routinely collected from a variety of sources. Education. TABLE 49 RWE SOLUTIONS MARKET FOR OTHER END USERS, BY COUNTRY, 20202027 (USD MILLION), 10 RWE SOLUTIONS MARKET, BY REGION (Page No. IBISWorld reports on thousands of industries around the world. TABLE 6 NORTH AMERICA: HEALTHCARE EXPENDITURE, BY COUNTRY TABLE 88 UK: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) In order to prove value, companies need strong evidence of lifecycle management capabilities. Pharmaceutical companies require data describing both the approved and medically accepted alternative uses of previously approved drugs. The surge is linked to the growing significance of RWE studies in determining how well drugs operate in actual situations and mitigating drug recalls. TABLE 167 REAL WORLD EVIDENCE SOLUTIONS MARKET: DETAILED LIST OF SMALL & MEDIUM PLAYERS REDDING, Calif., March 10, 2022 /PRNewswire/ -- According to a new market research report titled "Real-World Evidence (RWE) Solutions Market by Component (Datasets [Clinical, Claims, Pharmacy, Integrated], Services), Application (Market Access, Oncology, Neurology, Post Market Surveillance), End User (Pharma Companies, Providers) - Global Forecast to 2028", published by Meticulous Research, the Real-World Evidence (RWE) solutions market is expected to grow at a CAGR of 11.8% from 2021 to 2028 to reach $4.4 billion by 2028. The global real world evidence solutions market size was valued at USD 42.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 8.2% from 2023 to 2030. A paid subscription is required for full access. 11.7.3 PERVASIVE PLAYERS Despite these impediments, engineers worldwide are embracing innovative solutions . Master All the Big Data Skill You Need Today Enroll Now. Pharmaceutical companies have been looking for new ways to provide the best treatments for patients. At USD 4.6 trillion this was an increase of 12.9% from 2020. 12.1.2 IBM CORPORATION (IBM) The increasing prevalence of chronic diseases, stringent regulations for drug approvals, implementation of the 21st Century Cures Act, availability of electronic datasets, advanced healthcare industry, and rising big data in healthcare are the major factors responsible for the largest market share of North America. The pharmaceutical, biotech, and medical device industries are facing a list of unprecedented challenges led by the global economic crisis, coronavirus pandemic, and concerns about escalating healthcare costs. Of those assets are felt by millions of Americans all across the country and development and investment reach of assets. Is expected to reach USD 78.80 billion by 2030 2: Other primaries include sales managers, product! 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