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Real World Evidence Analytics Market size was valued at USD 2.26 billion in 2019 and is poised to grow from USD 2.45 billion in 2023 to USD 4.97 billion by 2031, growing at a CAGR of 8.2% in the forecast period (2024-2031).

Real World Evidence Analytics Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'IQVIA Inc.', 'Optum, Inc.', 'IBM Corporation', 'Parexel International Corporation', 'Cognizant Technology Solutions Corporation', 'Oracle Corporation', 'Clinigen Group PLC', 'SAS Institute Inc.', 'PPD, Inc.', 'Syneos Health, Inc.', 'Anthem, Inc.', 'Change Healthcare Inc.', 'Pharmaceutical Product Development, LLC (PPD)', 'Evidera, Inc.', 'ICON plc', 'Flatiron Health, Inc.', 'HealthVerity, Inc.', 'PAREXEL International Corporation', 'Phesi Inc.', 'Aetion, Inc.'

Rising Geriatric Population to Drive Market Growth

Introduction of AI to Surge Market Growth

North America dominated the market in 2021. Some of the key factors anticipated to propel the growth of this market include the rising prevalence of chronic diseases in the elderly population, a move toward value-based care, an increase in personalised healthcare, the availability of electronic datasets, a well-established healthcare industry, and the growth of big data in the healthcare sector.

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Global Real World Evidence Analytics Market

Product ID: SQSG35G2031