Thailand Real World Evidence Solutions Market Size & Outlook
Thailand real world evidence solutions market, 2018-2030 (US$M)
Related Markets
Thailand real world evidence solutions market highlights
- The Thailand real world evidence solutions market generated a revenue of USD 7.9 million in 2023 and is expected to reach USD 15.9 million by 2030.
- The Thailand market is expected to grow at a CAGR of 10.5% 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 7.9 million |
| Market revenue in 2030 | USD 15.9 million |
| Growth rate | 10.5% (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, Thailand accounted for 0.3% 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 Asia Pacific, Japan real world evidence solutions market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 92.9 million by 2030.
Services was the largest segment with a revenue share of 56.96% in 2023. Horizon Databook has segmented the Thailand real world evidence solutions market based on services, data sets covering the revenue growth of each sub-segment from 2018 to 2030.
The RWD is a crucial aspect of healthcare. Using RWE in decision-making offers several potential benefits, including reducing the cost & time required to source relevant information when population specific data is needed and when sufficient local evidence is lacking from available trials.
RWE also fills the information gap in the absence of clinical trials when it is not feasible or ethical to conduct a trial or when there is a significant unmet need. The extraction and analysis of RWD through observational studies or pragmatic trials are known as RWE and are used in Thailand's healthcare decision-making.
The use of RWE ranges from market authorization and coverage decisions of medical products to impact evaluation. As more data and information become available on using RWE, new processes & global standards are expected to emerge 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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Thailand real world evidence solutions market size, by component, 2018-2030 (US$M)
Thailand Real World Evidence Solutions Market Outlook Share, 2023 & 2030 (US$M)
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