Middle East & Africa Real World Evidence Solutions Market Size & Outlook
Middle East & Africa real world evidence solutions market, 2018-2030 (US$M)
Related Markets
MEA real world evidence solutions market highlights
- The MEA real world evidence solutions market generated a revenue of USD 80.0 million in 2023.
- The 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.
- Country-wise, Israel is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 80.0 million |
| Market revenue in 2030 | USD 154.9 million |
| Growth rate | 9.9% (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, MEA region accounted for 3.0% 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 Middle East & Africa real world evidence solutions market based on services, data sets covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa region comprises South Africa, Israel, and Saudi Arabia. The real-world evidence solutions market in Middle East & Africa region is expected to grow over the forecast period. This can be attributed to the increasing need for integration of the healthcare system, growing focus on high return on investments, and rising need for high-quality care.
In addition, evolution of IT and increasing number of supportive initiatives to combine health records on a single platform fuel the growth of real-world evidence solutions markets. Some of the key players operating in MEA real-world evidence solutions market are IQVIA, IBM, Parexel International Corporation, and Icon plc.
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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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MEA real world evidence solutions market size, by country, 2018-2030 (US$M)
Middle East & Africa Real World Evidence Solutions Market Outlook Share, 2023 & 2030 (US$M)
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