According to our new research study on "Health Economics and Outcomes Research (HEOR) Services Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Service, Service Provider, and End User," the market is expected to reach US$ 2,699.56 million by 2027 from US$ 1,116.38 million in 2019; it is estimated to grow at a CAGR of 11.9% from 2020 to 2027. The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The growth of the overall healthcare economics and outcomes research (HEOR) services market is attributed to increasing product development and growing healthcare spending. However, restrictions on access to real-world data (RWD) is the major factor hindering the market growth.
Based on service, the healthcare economics and outcomes research (HEOR) services market is portioned into economic modeling/evaluation, real-world data analysis and information frameworks, clinical result, and market access solutions and repayment. The clinical result section held the largest market share in 2019, and the real-world data analysis and information frameworks fragment is estimated to register the most noteworthy CAGR during the forecast time frame. Rising number of clinical trials and growing pharmaceutical research and development activities offer lucrative opportunities for the growth of the real-world data analysis fragment.
The healthcare economics and outcomes research (HEOR) services market is expected to witness substantial growth post-pandemic. The global healthcare infrastructure noticed limitations and capabilities during the abrupt rise of coronavirus. In request to deal with such situations in years to come, healthcare organizations as well as states are expected to increase the utilization of HEOR services, which would eventually drive the market. In addition, increase in demand for advanced data analysis advancements is anticipated to drive the market.
Axtria, Inc.; Avalon Health Economics LLC; MEDLIOR; PHARMALEX GMBH; Analysis Group; ICON PLC; IQVIA Inc.; McKESSON CORPORATION; Syneos Health; and Optum, Inc. are among the leading companies operating in the healthcare economics and outcomes research (HEOR) services market.
The report segments healthcare economics and outcomes research (HEOR) services market as follows:
- Economic Modelling/Evaluation
- Real-World Data Analysis and Information Systems
- Clinical Outcome
- Market Access Solutions and Reimbursement
By Service Provider
- Contract Research Organization
By End User
- Healthcare Providers
- Healthcare Payers
- Biotech/Pharma Companies
- Government Organizations
- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of APAC
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South and Central America (SCAM)
- Rest of SCAM