In the healthcare industry, real-world evidence (RWE) is the clinical evidence regarding the usage and potential benefits or risks of a medical product derived from the analysis of real-world data.
RWE can be generated from a variety of data sources, including electronic health records, claims and billing data, patient registries, and surveys.
Key Trends
There are several key trends in Real-World Evidence/RWE Solutions technology. The first is the increasing use of data from real-world sources such as electronic health records, claims databases, and patient registries. This data can be used to generate evidence about the real-world effectiveness and safety of treatments.
Another trend is the use of machine learning and artificial intelligence techniques to analyze large amounts of data. These techniques can be used to identify patterns and relationships that would be difficult to find using traditional methods.
Finally, there is an increasing focus on patient-centered outcomes. In the past, much of the focus in RWE research has been on traditional measures such as survival and disease progression. However, patients are increasingly interested in outcomes such as quality of life, symptom control, and treatment side effects.
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Key Drivers
The key drivers of the Real World Evidence/RWE Solutions market are the increasing need for data-driven decision making in the healthcare industry and the rising adoption of RWE solutions by pharmaceutical and biotechnology companies.
The need for data-driven decision making in the healthcare industry is driven by the increasing complexity of the healthcare landscape, the need to control costs, and the need to improve patient outcomes.
The rising adoption of RWE solutions by pharmaceutical and biotechnology companies is driven by the need to reduce the time and costs associated with clinical trials and to gain a better understanding of the real-world efficacy and safety of their products.
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Market Segments:
The Real World Evidence/RWE Solutions Market is segmented by component, therapeutic area, end-user and region. By component, the market is divided into dataset, services, clinical setting data and others. Based on therapeutic area, it is segmented into oncology, cardiovascular, neurology and others. On the basis of end-user, it is bifurcated into pharma, MedTech, payers and providers. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Market Players:
The Real World Evidence/RWE Solutions Market includes players such as IQVIA, IBM, ICON, plc. , PAREXEL International Corporation, PPD,LLC, Optum, Inc. , Cognizant, Oracle, SAS and Flatiron Health.
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