Global Health Economics & Outcomes Research (HEOR) Services Market report from Global Insight Services is the single authoritative source of intelligence on Health Economics & Outcomes Research (HEOR) Services Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Market Overview
The global health economics & outcomes research (HEOR) services market was valued at USD 1.5 Billion in 2021 and it is anticipated to grow up to USD 3.9 Billion by 2031, at a CAGR of 17.1% during the forecast period.
Health economics & outcomes research (HEOR) services is a discipline that helps to guide healthcare providers to examine and select from multiple treatment options. The convergence of health economics and outcomes research services provide significant data and insights for healthcare decision makers.
Market Trends and Drivers
Health economics & outcomes research (HEOR) services complement clinical development by helping decision makers as well as healthcare payers to determine services, patient access for specific drugs and reimbursement policies. Surging demand for health economics and outcomes research services by several worldwide reimbursement agencies along with increasingly complex legislative environment will thus, accelerate the overall industry progression.
In addition, several European countries, notably UK and Netherlands have a greater success rate in launching new drugs as these economies are heavily reliant on reimbursement decision of different government agencies. Therefore, surge in the number of clinical trials will boost the demand for health economics & outcomes research (HEOR) services thereby augment industry progression. However, lack of professional healthcare specialists in developing economies may also avert market opportunities over the forecast period.
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Global Health Economics & Outcomes Research (HEOR) Services Market by End-user
Based on end-user, the health economics & outcomes research (HEOR) services market is categorized into biotech and Pharma companies, healthcare providers, healthcare payers, government organizations and others. The healthcare payers segment accounted for significant market share in 2021 and is set to register a significant CAGR till 2028. Healthcare payers largely rely on health economics & outcomes research (HEOR) services due to shift to value-based reimbursement, increasing consumer driven healthcare along with increasing use of specialty medicines and targeted therapies. Furthermore, driving operational efficiencies with reduced costs and adapting digital healthcare payer solutions with increasing IT and analytical tools allows healthcare systems to align across different platforms thus benefiting the health economics & outcomes research services market trends.
Major Players in the Global Health Economics & Outcomes Research (HEOR) Services Market
The key players in the health economics & outcomes research (HEOR) services market Axtria, Cardinal Health, Pharmaceutical Product Development (PPD), Avalon Health Economics, Optum, McKesson, IQVIA, PharmaLex, MEDLIOR, and Icon plc among others.
COVID-19 Impact
COVID-19 pandemic has moderate impact on the market. The pandemic is increasing globally creating a burden on the overall healthcare industry. Several countries are facing lockdown and travel restrictions that slowed down the operations of health economics & outcomes research services industry to some extent
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