Asia Pacific Real World Evidence Solutions Market Size & Outlook
Asia Pacific real world evidence solutions market, 2018-2030 (US$M)
Related Markets
Asia Pacific real world evidence solutions market highlights
- The Asia Pacific real world evidence solutions market generated a revenue of USD 409.3 million in 2023.
- The market is expected to grow at a CAGR of 11.1% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 409.3 million |
| Market revenue in 2030 | USD 857.0 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Data Sets |
| Key market players worldwide | IQVIA Holdings Inc, International Business Machines Corp, Thermo Fisher Scientific Inc, PAREXEL, PerkinElmer, Icon PLC, Oracle Corp, Syneos Health, Medpace Holdings Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 15.6% of the global real world evidence solutions market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 857.0 million by 2030.
Services was the largest segment with a revenue share of 57.63% in 2023. Horizon Databook has segmented the Asia Pacific real world evidence solutions market based on services, data sets covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific RWE market is expected to grow at the fastest rate over the forecast period. This can be attributed to factors such as aging population, rising incidence of chronic diseases, increasing rate of hospitalization, large population, and growing affordability.
The Asia Pacific market comprises China, Japan, and India. Major market players contributing to the market growth in the region by entering into partnerships or expanding their product portfolios are Med pace, Cegedim Health data, Parexel International Corporation, IQVIA, IBM, and others.
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Real World Evidence Solutions Market Scope
Real World Evidence Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific real world evidence solutions market size, by country, 2018-2030 (US$M)
Asia Pacific Real World Evidence Solutions Market Outlook Share, 2023 & 2030 (US$M)
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