North America Real World Evidence Solutions Market Size & Outlook
North America real world evidence solutions market, 2018-2030 (US$M)
Related Markets
North America real world evidence solutions market highlights
- The North America real world evidence solutions market generated a revenue of USD 1,140.1 million in 2023.
- The market is expected to grow at a CAGR of 7.4% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,140.1 million |
| Market revenue in 2030 | USD 1,879.4 million |
| Growth rate | 7.4% (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, North America region accounted for 43.5% 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 57.64% in 2023. Horizon Databook has segmented the North America real world evidence solutions market based on services, data sets covering the revenue growth of each sub-segment from 2018 to 2030.
The North American region comprises the U.S. and Canada. North America region accounted for the largest share of the global market in 2022, which can be attributed to significant support from regulatory bodies for using Real-world Evidence (RWE) solutions, and an increase in R&D spending is also anticipated to boost market growth.
Moreover, rising geriatric population and the subsequent increase in prevalence of chronic diseases is a key factor driving growth of this market. In addition, the high share of the region can be attributed to the presence of key players in the U.S. and Canada. Favorable government regulations and increasing number of RWE service providers in the region are anticipated to drive the market further.
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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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North America real world evidence solutions market size, by country, 2018-2030 (US$M)
North America Real World Evidence Solutions Market Outlook Share, 2023 & 2030 (US$M)
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