South Africa Real World Evidence Solutions Market Size & Outlook
South Africa real world evidence solutions market, 2018-2030 (US$M)
Related Markets
South Africa real world evidence solutions market highlights
- The South Africa real world evidence solutions market generated a revenue of USD 11.7 million in 2023 and is expected to reach USD 23.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.3% 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 11.7 million |
| Market revenue in 2030 | USD 23.2 million |
| Growth rate | 10.3% (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, South Africa accounted for 0.4% 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 57.26% in 2023. Horizon Databook has segmented the South Africa real world evidence solutions market based on services, data sets covering the revenue growth of each sub-segment from 2018 to 2030.
Discovery Health, South Africa's largest private health insurance, has provided first real-world data regarding the hazards posed by the Omicron variant, in partnership with the South African Medical Research Council.
Researchers found more than 200,000 people with positive COVID-19 tests using Discovery Health's database of 3.7 million people in South Africa, where the Omicron variant was initially discovered.
While this RWD contributes to the understanding of the novel variety of concern, researchers cautioned that the findings were preliminary and only spanned three weeks of the current wave of illnesses, so they should be regarded with caution. Hence, such initiatives drive the market growth in the country.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Real World Evidence Solutions Market Scope
Real World Evidence Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa real world evidence solutions market size, by component, 2018-2030 (US$M)
South Africa Real World Evidence Solutions Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
