UK Real World Evidence Solutions Market Size & Outlook
UK real world evidence solutions market, 2018-2030 (US$M)
Related Markets
UK real world evidence solutions market highlights
- The UK real world evidence solutions market generated a revenue of USD 131.6 million in 2023 and is expected to reach USD 224.5 million by 2030.
- The UK market is expected to grow at a CAGR of 7.9% 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 131.6 million |
| Market revenue in 2030 | USD 224.5 million |
| Growth rate | 7.9% (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, UK accounted for 5.0% 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 Europe, Germany real world evidence solutions market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 352.8 million by 2030.
Services was the largest segment with a revenue share of 57.6% in 2023. Horizon Databook has segmented the UK real world evidence solutions market based on services, data sets covering the revenue growth of each sub-segment from 2018 to 2030.
One of the key factors contributing to market growth in the UK is the country’s large geriatric population. According to the UK government, the number of people within the age group of 60 years to 64 years. The increasing geriatric population is likely to fuel market growth, as the aging population is at greater risk of chronic illnesses, which increases the rate of hospitalization in this group.
According to a report published in the NCBI, individuals aged over 50 years are more likely to suffer from chronic diseases such as intracranial stenosis and idiopathic intracranial stenosis, as with age, blood vessels deteriorate.
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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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UK real world evidence solutions market size, by component, 2018-2030 (US$M)
UK Real World Evidence Solutions Market Outlook Share, 2023 & 2030 (US$M)
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