The Latin America, Middle East and Africa Real World Evidence Solutions Market would witness market growth of 10.7% CAGR during the forecast period (2022-2028).
RWE is being utilized by pharma in more novel ways. RWE is used by some for clinical trial planning and recruiting. In contrast, others use it for post-market safety and unfavorable event monitoring or financial analyses relating to payer reimbursement. Some companies are incorporating ways to continuous learning into their lifecycle of product development.
Additionally, digital health innovation has considerably improved wearable technology's capabilities, which has led to a rise in the usage of recent technological advancements in clinical studies. More than 1,000 completed or continuing clinical research involving wearables were listed in the ClinicalTrials.gov database, mainly in oncology, neuroscience, and respiratory and metabolic illnesses. These developments are fostering the market for real-world evidence solutions.
The regional healthcare industry's future is shaped by several elements, which is why the trend is altering. Rising healthcare costs, shifting population & disease demographics, increased healthcare quality emphasis, medical data digitization, rising demand for regional clinical & economic data, and a general influence of worldwide trends in the medical industry are some of the other factors. However, for the region to fully benefit from RWE in treatment decisions, it must overcome some obstacles, such as accepting the worth that RWE puts to healthcare decisions, and fostering trust among stakeholders. Additionally, establishment of the validity & reliability of the databases utilized to generate RWE, investment in the generation of local data, and improving technical capabilities would benefit the market. These factors would further proliferate the undertaking of high-quality RWE research while protecting patient confidentiality. These rising healthcare sector would drive the demand of Real World Evidence Solutions Market in LAMEA.
The Brazil market dominated the LAMEA Real World Evidence Solutions Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $933 million by 2028.The Argentina market is exhibiting a CAGR of 11.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 10.4% during (2022 - 2028).
Based on Component, the market is segmented into Services and Data Set. Based on Therapeutic Area, the market is segmented into Oncology, Cardiology, Neurology, Diabetes, Respiratory and Others. Based on End-user, the market is segmented into Healthcare Companies, Healthcare Payers, Healthcare Providers and Others. Based on Application, the market is segmented into Drug Development & Approvals, Medical Device Development & Approvals, Reimbursement/Coverage & Regulatory Decision Making and Post Market Safety & Adverse Events Monitoring. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Real World Evidence Solutions Market is Predict to reach $65.1 Billion by 2028, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.), and Syneos Health, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Therapeutic Area
- Oncology
- Cardiology
- Neurology
- Diabetes
- Respiratory
- Others
By End-user
- Healthcare Companies
- Healthcare Payers
- Healthcare Providers
- Others
By Application
- Drug Development & Approvals
- Medical Device Development & Approvals
- Reimbursement/Coverage & Regulatory Decision Making
- Post Market Safety & Adverse Events Monitoring
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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.
TABLE 1 LAMEA Real World Evidence Solutions Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Real World Evidence Solutions Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Real World Evidence Solutions Market by Component, 2018 - 2021, USD Million
TABLE 4 LAMEA Real World Evidence Solutions Market by Component, 2022 - 2028, USD Million
TABLE 5 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Data Set Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Data Set Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Real World Evidence Solutions Market by Therapeutic Area, 2018 - 2021, USD Million
TABLE 10 LAMEA Real World Evidence Solutions Market by Therapeutic Area, 2022 - 2028, USD Million
TABLE 11 LAMEA Oncology Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Oncology Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Cardiology Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Cardiology Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Neurology Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Neurology Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Diabetes Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Diabetes Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Respiratory Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Respiratory Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Real World Evidence Solutions Market by End-user, 2018 - 2021, USD Million
TABLE 24 LAMEA Real World Evidence Solutions Market by End-user, 2022 - 2028, USD Million
TABLE 25 LAMEA Healthcare Companies Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Healthcare Companies Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Healthcare Payers Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Healthcare Payers Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Healthcare Providers Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Healthcare Providers Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Real World Evidence Solutions Market by Application, 2018 - 2021, USD Million
TABLE 34 LAMEA Real World Evidence Solutions Market by Application, 2022 - 2028, USD Million
TABLE 35 LAMEA Drug Development & Approvals Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Drug Development & Approvals Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Medical Device Development & Approvals Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Medical Device Development & Approvals Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Reimbursement/Coverage & Regulatory Decision Making Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Reimbursement/Coverage & Regulatory Decision Making Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Post Market Safety & Adverse Events Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Post Market Safety & Adverse Events Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 43 LAMEA Real World Evidence Solutions Market by Country, 2018 - 2021, USD Million
TABLE 44 LAMEA Real World Evidence Solutions Market by Country, 2022 - 2028, USD Million
TABLE 45 Brazil Real World Evidence Solutions Market, 2018 - 2021, USD Million
TABLE 46 Brazil Real World Evidence Solutions Market, 2022 - 2028, USD Million
TABLE 47 Brazil Real World Evidence Solutions Market by Component, 2018 - 2021, USD Million
TABLE 48 Brazil Real World Evidence Solutions Market by Component, 2022 - 2028, USD Million
TABLE 49 Brazil Real World Evidence Solutions Market by Therapeutic Area, 2018 - 2021, USD Million
TABLE 50 Brazil Real World Evidence Solutions Market by Therapeutic Area, 2022 - 2028, USD Million
TABLE 51 Brazil Real World Evidence Solutions Market by End-user, 2018 - 2021, USD Million
TABLE 52 Brazil Real World Evidence Solutions Market by End-user, 2022 - 2028, USD Million
TABLE 53 Brazil Real World Evidence Solutions Market by Application, 2018 - 2021, USD Million
TABLE 54 Brazil Real World Evidence Solutions Market by Application, 2022 - 2028, USD Million
TABLE 55 Argentina Real World Evidence Solutions Market, 2018 - 2021, USD Million
TABLE 56 Argentina Real World Evidence Solutions Market, 2022 - 2028, USD Million
TABLE 57 Argentina Real World Evidence Solutions Market by Component, 2018 - 2021, USD Million
TABLE 58 Argentina Real World Evidence Solutions Market by Component, 2022 - 2028, USD Million
TABLE 59 Argentina Real World Evidence Solutions Market by Therapeutic Area, 2018 - 2021, USD Million
TABLE 60 Argentina Real World Evidence Solutions Market by Therapeutic Area, 2022 - 2028, USD Million
TABLE 61 Argentina Real World Evidence Solutions Market by End-user, 2018 - 2021, USD Million
TABLE 62 Argentina Real World Evidence Solutions Market by End-user, 2022 - 2028, USD Million
TABLE 63 Argentina Real World Evidence Solutions Market by Application, 2018 - 2021, USD Million
TABLE 64 Argentina Real World Evidence Solutions Market by Application, 2022 - 2028, USD Million
TABLE 65 UAE Real World Evidence Solutions Market, 2018 - 2021, USD Million
TABLE 66 UAE Real World Evidence Solutions Market, 2022 - 2028, USD Million
TABLE 67 UAE Real World Evidence Solutions Market by Component, 2018 - 2021, USD Million
TABLE 68 UAE Real World Evidence Solutions Market by Component, 2022 - 2028, USD Million
TABLE 69 UAE Real World Evidence Solutions Market by Therapeutic Area, 2018 - 2021, USD Million
TABLE 70 UAE Real World Evidence Solutions Market by Therapeutic Area, 2022 - 2028, USD Million
TABLE 71 UAE Real World Evidence Solutions Market by End-user, 2018 - 2021, USD Million
TABLE 72 UAE Real World Evidence Solutions Market by End-user, 2022 - 2028, USD Million
TABLE 73 UAE Real World Evidence Solutions Market by Application, 2018 - 2021, USD Million
TABLE 74 UAE Real World Evidence Solutions Market by Application, 2022 - 2028, USD Million
TABLE 75 Saudi Arabia Real World Evidence Solutions Market, 2018 - 2021, USD Million
TABLE 76 Saudi Arabia Real World Evidence Solutions Market, 2022 - 2028, USD Million
TABLE 77 Saudi Arabia Real World Evidence Solutions Market by Component, 2018 - 2021, USD Million
TABLE 78 Saudi Arabia Real World Evidence Solutions Market by Component, 2022 - 2028, USD Million
TABLE 79 Saudi Arabia Real World Evidence Solutions Market by Therapeutic Area, 2018 - 2021, USD Million
TABLE 80 Saudi Arabia Real World Evidence Solutions Market by Therapeutic Area, 2022 - 2028, USD Million
TABLE 81 Saudi Arabia Real World Evidence Solutions Market by End-user, 2018 - 2021, USD Million
TABLE 82 Saudi Arabia Real World Evidence Solutions Market by End-user, 2022 - 2028, USD Million
TABLE 83 Saudi Arabia Real World Evidence Solutions Market by Application, 2018 - 2021, USD Million
TABLE 84 Saudi Arabia Real World Evidence Solutions Market by Application, 2022 - 2028, USD Million
TABLE 85 South Africa Real World Evidence Solutions Market, 2018 - 2021, USD Million
TABLE 86 South Africa Real World Evidence Solutions Market, 2022 - 2028, USD Million
TABLE 87 South Africa Real World Evidence Solutions Market by Component, 2018 - 2021, USD Million
TABLE 88 South Africa Real World Evidence Solutions Market by Component, 2022 - 2028, USD Million
TABLE 89 South Africa Real World Evidence Solutions Market by Therapeutic Area, 2018 - 2021, USD Million
TABLE 90 South Africa Real World Evidence Solutions Market by Therapeutic Area, 2022 - 2028, USD Million
TABLE 91 South Africa Real World Evidence Solutions Market by End-user, 2018 - 2021, USD Million
TABLE 92 South Africa Real World Evidence Solutions Market by End-user, 2022 - 2028, USD Million
TABLE 93 South Africa Real World Evidence Solutions Market by Application, 2018 - 2021, USD Million
TABLE 94 South Africa Real World Evidence Solutions Market by Application, 2022 - 2028, USD Million
TABLE 95 Nigeria Real World Evidence Solutions Market, 2018 - 2021, USD Million
TABLE 96 Nigeria Real World Evidence Solutions Market, 2022 - 2028, USD Million
TABLE 97 Nigeria Real World Evidence Solutions Market by Component, 2018 - 2021, USD Million
TABLE 98 Nigeria Real World Evidence Solutions Market by Component, 2022 - 2028, USD Million
TABLE 99 Nigeria Real World Evidence Solutions Market by Therapeutic Area, 2018 - 2021, USD Million
TABLE 100 Nigeria Real World Evidence Solutions Market by Therapeutic Area, 2022 - 2028, USD Million
TABLE 101 Nigeria Real World Evidence Solutions Market by End-user, 2018 - 2021, USD Million
TABLE 102 Nigeria Real World Evidence Solutions Market by End-user, 2022 - 2028, USD Million
TABLE 103 Nigeria Real World Evidence Solutions Market by Application, 2018 - 2021, USD Million
TABLE 104 Nigeria Real World Evidence Solutions Market by Application, 2022 - 2028, USD Million
TABLE 105 Rest of LAMEA Real World Evidence Solutions Market, 2018 - 2021, USD Million
TABLE 106 Rest of LAMEA Real World Evidence Solutions Market, 2022 - 2028, USD Million
TABLE 107 Rest of LAMEA Real World Evidence Solutions Market by Component, 2018 - 2021, USD Million
TABLE 108 Rest of LAMEA Real World Evidence Solutions Market by Component, 2022 - 2028, USD Million
TABLE 109 Rest of LAMEA Real World Evidence Solutions Market by Therapeutic Area, 2018 - 2021, USD Million
TABLE 110 Rest of LAMEA Real World Evidence Solutions Market by Therapeutic Area, 2022 - 2028, USD Million
TABLE 111 Rest of LAMEA Real World Evidence Solutions Market by End-user, 2018 - 2021, USD Million
TABLE 112 Rest of LAMEA Real World Evidence Solutions Market by End-user, 2022 - 2028, USD Million
TABLE 113 Rest of LAMEA Real World Evidence Solutions Market by Application, 2018 - 2021, USD Million
TABLE 114 Rest of LAMEA Real World Evidence Solutions Market by Application, 2022 - 2028, USD Million
TABLE 115 Key information – IBM Corporation
TABLE 116 Key Information – Oracle Corporation
TABLE 117 Key Information – PPD, Inc.
TABLE 118 Key Information – UnitedHealth Group, Inc.
TABLE 119 Key Information – Syneos Health, Inc.
TABLE 120 Key information – IQVIA Holdings, Inc.
TABLE 121 key Information – Medpace Holdings, Inc.
TABLE 122 key Information – PerkinElmer, Inc.
TABLE 123 Key Information – PAREXEL International Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: IBM Corporation
FIG 3 SWOT analysis: Oracle Corporation
FIG 4 Swot analysis: thermo fisher scientific, inc.