Canada Real World Evidence Solutions Market Size & Outlook
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Canada real world evidence solutions market highlights
- The Canada real world evidence solutions market generated a revenue of USD 229.2 million in 2024 and is expected to reach USD 480.5 million by 2033.
- The Canada market is expected to grow at a CAGR of 8.7% from 2025 to 2033.
- In terms of segment, services was the largest revenue generating component in 2024.
- 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 2024 | USD 229.2 million |
| Market revenue in 2033 | USD 480.5 million |
| Growth rate | 8.7% (CAGR from 2025 to 2033) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| 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, Canada accounted for 8.1% of the global real world evidence solutions market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. real world evidence solutions market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 480.5 million by 2033.
Services was the largest segment with a revenue share of 62.13% in 2024. Horizon Databook has segmented the Canada real world evidence solutions market based on services, data sets covering the revenue growth of each sub-segment from 2021 to 2033.
The increasing demand for RWE & RWD to augment drug discovery & development, rising inclination of regulatory bodies toward the use of RWE, and growing investments by biopharmaceutical companies in R&D are key factors driving the RWE solution market in Canada.
Moreover, strategic initiatives by key players, such as collaborations, acquisitions, and partnerships with emerging players also contribute to market growth. For instance, in June 2022, Dacima Software, a Canadian software company, and EVIDENTIQ, have joined forces to provide an end-to-end software solution for clinical trials.
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Real World Evidence Solutions Market Scope
Real World Evidence Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Syneos Health | View profile | 1001-5000 | Morrisville, North Carolina, United States, North America | https://www.syneoshealth.com/ |
| PAREXEL | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.parexel.com |
| IQVIA Holdings Inc | View profile | 87000 | 2400 Ellis Road, Durham, NC, United States, 27703 | https://www.iqvia.com |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.perkinelmer.com |
| Medpace Holdings Inc | View profile | 5800 | 5375 Medpace Way, Cincinnati, OH, United States, 45227 | https://www.medpace.com |
| Icon PLC | View profile | 41150 | South County Business Park, Leopardstown, Dublin, Ireland, D18 X5R3 | https://www.iconplc.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
Canada real world evidence solutions market size, by component, 2021-2033 (US$M)
Canada Real World Evidence Solutions Market Outlook Share, 2024 & 2033 (US$M)
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