Kuwait Real World Evidence Solutions Market Size & Outlook
Kuwait real world evidence solutions market, 2018-2030 (US$M)
Related Markets
Kuwait real world evidence solutions market highlights
- The Kuwait real world evidence solutions market generated a revenue of USD 1.6 million in 2023 and is expected to reach USD 3.0 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 9.9% 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 1.6 million |
| Market revenue in 2030 | USD 3.0 million |
| Growth rate | 9.9% (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, Kuwait accounted for 0.1% 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 Middle East & Africa, South Africa real world evidence solutions market is projected to lead the regional market in terms of revenue in 2030.
- Israel is the fastest growing regional market in Middle East & Africa and is projected to reach USD 15.1 million by 2030.
Services was the largest segment with a revenue share of 56.25% in 2023. Horizon Databook has segmented the Kuwait real world evidence solutions market based on services, data sets covering the revenue growth of each sub-segment from 2018 to 2030.
There has been a growing interest in using RWE to inform healthcare decisions and policies in Kuwait. The Ministry of Health implemented several initiatives to collect & analyze RWE to improve healthcare outcomes and patient care. For example, the Kuwait Cancer Control Center has been collecting data on cancer patients to monitor treatment outcomes and improve cancer care.
Moreover, several academic institutions and research centers in Kuwait use RWE to investigate various health issues, such as diabetes, cardiovascular disease, & mental health. For instance, healthcare universities in the country are conducting various research using RWE to examine the effectiveness of diabetes medications in real-world settings.
The RWE can improve healthcare outcomes and informed decision-making in Kuwait. However, it is important to ensure that the data is accurate, reliable, & representative of the studied population and ethical considerations are considered when using patient data.
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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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Kuwait real world evidence solutions market size, by component, 2018-2030 (US$M)
Kuwait Real World Evidence Solutions Market Outlook Share, 2023 & 2030 (US$M)
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