Brazil Real World Evidence Solutions Market Size & Outlook
Brazil real world evidence solutions market, 2018-2030 (US$M)
Related Markets
Brazil real world evidence solutions market highlights
- The Brazil real world evidence solutions market generated a revenue of USD 26.9 million in 2023 and is expected to reach USD 50.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 9.3% 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.
Real world evidence solutions market data book summary
| Market revenue in 2023 | USD 26.9 million |
| Market revenue in 2030 | USD 50.0 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 1.0% of the global real world evidence solutions market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil real world evidence solutions market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 35.6 million by 2030.
Services was the largest segment with a revenue share of 57.62% in 2023. Horizon Databook has segmented the Brazil real world evidence solutions market based on services, data sets covering the revenue growth of each sub-segment from 2018 to 2030.
The Brazil RWE solutions market is driven by the increasing prevalence of obesity in adults and the growing incidence of chronic diseases, which further increases the hospitalization rate. The proportion of obese adults in Brazil increased from 18.9% to 19.5%.
According to a study published by the National Library of Medicine, mortality due to obesity in 2020 was 65.1 deaths per 100,000 inhabitants. The prevalence of obesity and being overweight was estimated at 20.2% & 54.7%, as mean values were observed in state capitals individually.
The prevalence of obesity was positively correlated with the overall mortality rate. These factors are expected to boost the market significantly in the coming years.
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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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Brazil real world evidence solutions market size, by component, 2018-2030 (US$M)
Brazil Real World Evidence Solutions Market Outlook Share, 2023 & 2030 (US$M)
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