Germany Real World Evidence Solutions Market Size & Outlook
Germany real world evidence solutions market, 2018-2030 (US$M)
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Germany real world evidence solutions market highlights
- The Germany real world evidence solutions market generated a revenue of USD 203.6 million in 2023 and is expected to reach USD 352.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 8.2% 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 203.6 million |
| Market revenue in 2030 | USD 352.8 million |
| Growth rate | 8.2% (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, Germany accounted for 7.8% 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 Europe, Germany real world evidence solutions market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 352.8 million by 2030.
Services was the largest segment with a revenue share of 57.66% in 2023. Horizon Databook has segmented the Germany real world evidence solutions market based on services, data sets covering the revenue growth of each sub-segment from 2018 to 2030.
The growing prevalence of chronic diseases, such as respiratory diseases, stroke, and other chronic illnesses, is a major driver responsible for market growth. According to the WHO, over 170,000 people died in Germany due to the COVID-19 till March 2023.
The older population is often susceptible to cataract & refractive errors, hearing loss, back & neck pain, osteoarthritis, depression, chronic obstructive pulmonary disease, diabetes, and dementia. This drives the demand and adoption of RWE data and solutions. Moreover, innovation in product technologies and growing focus on providing cost effective treatment are fueling market growth in the country.
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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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Germany real world evidence solutions market size, by component, 2018-2030 (US$M)
Germany Real World Evidence Solutions Market Outlook Share, 2023 & 2030 (US$M)
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