MEWA Health Economics & Outcomes Research (HEOR) Services Market Size and Forecast (2020-2030)
MEWA Health Economics & Outcomes Research (HEOR) Services Market Size and Forecast (2020-2030), Regional Share, Trends, and Growth Opportunity Analysis Coverage: By Service (Economic Modelling/Evaluation, Real-World Data Analysis and Information Systems, Clinical Outcome, and Market Access Solutions and Reimbursement), Service Provider (Consultancy and Contract Research Organization), End User (Healthcare Providers, Healthcare Payers, Biotech/Pharma Companies, and Government Organizations), and Region (Middle East & West Africa)
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Description
Digitalization in Healthcare to Boost the MEWA Health Economics & Outcomes Research (HEOR) Services Market in Future
The healthcare industry has significantly evolved owing to the integration of information technology (IT), artificial intelligence (AI), and digital technology. There have been positive impacts of digitalization in the healthcare industry. Some healthcare digitalization results include electronic medical records, telemedicine, and big data. Several e-health systems involving governments, NGOs, private investors, and software companies need coordination between all their stakeholders, making these systems nonredundant and effective. A synchronized approach by the parties involved would save time and increase productivity.
In the Middle East, the adoption of digital health systems has increased due to technological advancements that have revolutionized how healthcare is delivered—from preventive measures and diagnosis to interventions and self-care management. Digital health technologies were already on the rise before the COVID-19 pandemic, but their development, application, and distribution accelerated during the pandemic. Digital health solutions have become an important tool to ensure continuity of care. Digital health is an attractive proposition for governments because it can improve access to healthcare, quality of care, and workforce productivity. According to an article titled “Digital Health Revolutionizes Healthcare Delivery in the Middle East,” published in Innovation Origins, the digital health market is estimated to be worth US$ 10 billion by 2028 in the region. Digital health has helped improve patient care and well-being in the Kingdom of Saudi Arabia (KSA) and the UAE. Thus, digitalization in healthcare has offered growth opportunities for existing players and new market entrants.
Africa faces a growing burden of noncommunicable and infectious diseases due to inadequate and deficient health infrastructure, regional disparities in medical and paramedical resources, and a lack of patient information. eHealth companies are already a reality on the continent, offering diverse services and contributing to better healthcare access and patient well-being. Bayer, Merck, Sanofi, and Pierre Fabre are examples of multinational pharmaceutical companies providing mentoring and financial support to African e-health start-ups. Kenyan start-up KEHEALA has developed a mobile healthcare platform that enables behavioral interventions and disease management for patients. WellNewMe in Nigeria has developed an online platform to assess the health risks of individuals using an algorithmic approach.
Thus, such instances are expected to transform the healthcare industry and help the HEOR service providers guide decision-makers in choosing the best technologies. It would also help healthcare providers improve health results cost-effectively, thereby boosting market growth.
The MEWA health economics & outcomes research (HEOR) services market is segmented on the basis of service, service provider, end user, and region. Based on service, the MEWA health economics & outcome research (HEOR) services market is segmented into clinical outcome, economic modelling/evaluation, market access solutions and reimbursement, and real-world data analysis and information systems. The clinical outcome segment held the largest market share in 2022. The real-world data analysis and information systems segment is predicted to register the highest CAGR of 7.5% during 2022–2030. The MEWA health economics & outcome research (HEOR) services market, by service provider, is bifurcated into contract research organizations and consultancy. The contract research organizations segment held a larger market share in 2022 and is anticipated to register a higher CAGR during 2022–2030. The MEWA health economics & outcome research (HEOR) services market, by end user, is segmented into biotech/pharma companies, healthcare payers, government organizations, and healthcare providers. The biotech/pharma companies segment held the largest market share in 2022 and is anticipated to register the highest CAGR during 2022–2030.
The International Society For Pharmacoeconomics And Outcomes Research (ISPOR), Institute For Clinical And Economic Review (ICER), Food and Drug Administration (FDA), National Cancer Institute (NCI), Ministry Of Health And Prevention (MoHAP), and National Transformation Program (NTP) are among some of the primary and secondary sources referred to while preparing the report on the MEWA health economics & outcomes research (HEOR) services market.
Summary Info
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According to our new research study on ” MEWA Health Economics and Outcomes Research (HEOR) Services Market Forecast to 2030 –Regional Analysis – by Service, Service Provider, End-user,” the health economics & outcomes research services market size is expected to grow from US$ 57.90 million in 2030 from US$ 34.47 million in 2022; it is estimated to register a CAGR of 6.7 % from 2022 to 2030. The report highlights the key factors driving the health economics & outcomes research services market growth and prominent players with their developments in the market.
Based on service provider, the health economics & outcomes research services market is bifurcated into contract research organizations, and consultancy. The contract research organizations segment held the largest market share in 2022 and the same segment is anticipated to register the highest CAGR during the forecast period (2022–2030). Contract research organizations offer support to biopharmaceutical, medical device, pharmaceutical, and biotechnology companies in terms of research services on a contract basis. Apart from services such as assay development, clinical research, and pharmacovigilance studies, a few companies also provide HEOR services to clients. In November 2022, IQVIA and Clalit Health Services partnered to advance research by launching the first Prime Site in Israel. The collaboration combines IQVIA and Clalit’s clinical trial delivery, data, genomics, and real-world research capabilities. With this combined expertise, the collaboration focuses on the future of innovation, including precision medicine and the delivery of data-driven trials. Core healthcare organizations contract with CROs to acquire the expertise to safely and efficiently carry out trials without hiring permanent staff. Benefits such as cost & time optimization and lower investments are estimated to impact the contract research organization segment growth positively.
PharmaLex GmbH, ICON Plc; IQVIA Holdings Inc; Syneos Health Inc, Optum Inc ; Value In Research ExlService Holdings, Inc; Clarivate Plc; CCHO; are among the key companies operating in the health economics & outcomes research services market.
MEWA Health Economics and Outcomes Research (HEOR) Services Market, by Service Provider, 2022 (%)
Source: the research team Analysis
Companies operating in the health economics & outcomes research services market adopt various organic and inorganic strategies. Organic strategies mainly include product launches and product approvals. Acquisitions, collaborations, and partnerships are among the inorganic growth strategies witnessed in the health economics & outcomes research services market. These growth strategies allow the market players to expand their businesses and enhance their geographic presence, thereby contributing to the overall health economics & outcomes research services market growth. Further, acquisition and partnership strategies help them strengthen their customer base and expand their product portfolios.
A few of the significant developments by key health economics & outcomes research services market players are listed below.
• In Sep 2021, SM Health and Optum announced an collaboration focused on offering quality care more affordable and accessible for people across the Midwest. SSM Health and Optum partnered across certain functions – including inpatient care management, digital transformation, and revenue cycle management – to enhance health outcomes and patients’ healthcare experiences.
• In March 2023, IQVIA partnered with (RED), to fight AIDS and the injustices that enable pandemics to thrive, to support laboratory system strengthening, and to save lives. This $5 million impact partnership will channel life-saving money to the Global Fund’s Laboratory Systems Integration Fund.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEWA health economics & outcomes research (HEOR) services market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the MEWA health economics & outcomes research (HEOR) services market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth global market trends and outlook coupled with the factors driving the MEWA health economics & outcomes research (HEOR) services market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEWA Health Economics & Outcomes Research (HEOR) Market – Market Landscape
4.1 Overview
4.1.1 MEWA PEST Analysis
5. MEWA Health Economics & Outcomes Research (HEOR) Market – Country Analysis
5.1 Key Market Drivers:
5.1.1 Growing Biotechnology & Pharmaceutical Companies and Drug Development
5.1.2 Increasing Healthcare Spending
5.2 Market Restraints
5.2.1 Restrictions on Access to Real-World Data (RWD)
5.3 Market Opportunities
5.3.1 Emergence of Precision Medicines
5.4 Future Trends
5.4.1 Digitalization in Healthcare
5.5 Impact Analysis:
6. MEWA Health Economics & Outcomes Research (HEOR) Market – Country Analysis
6.1 MEWA Health Economics & Outcomes Research (HEOR) Market Revenue Forecast and Analysis
7. MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 – by Service
7.1 Overview
7.2 MEWA Health Economics & Outcomes Research (HEOR) Market Revenue Share, by Service 2022 & 2030 (%)
7.3 Clinical Outcome
7.3.1 Overview
7.3.2 Clinical Outcome: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Economic Modelling/Evaluation
7.4.1 Overview
7.4.2 Economic Modelling/Evaluation: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Market Access Solutions and Reimbursement
7.5.1 Overview
7.5.2 Market Access Solutions and Reimbursement: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
7.6 Real-World Data Analysis and Information Systems
7.6.1 Overview
7.6.2 Real-World Data Analysis and Information Systems: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
8. MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 – By Service Provider
8.1 Overview
8.2 MEWA Health Economics & Outcomes Research (HEOR) Market Revenue Share, By Service Provider 2022 & 2030 (%)
8.3 Contract Research Organizations
8.3.1 Overview
8.3.2 Contract Research Organizations: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Consultancy
8.4.1 Overview
8.4.2 Consultancy: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
9. MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 – By End User
9.1 Overview
9.2 MEWA Health Economics & Outcomes Research (HEOR) Market Revenue Share, By End User 2022 & 2030 (%)
9.3 Biotech/Pharma Companies
9.3.1 Overview
9.3.2 Biotech/Pharma Companies: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Healthcare Payers
9.4.1 Overview
9.4.2 Healthcare Payers: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Government Organizations
9.5.1 Overview
9.5.2 Government Organizations: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
9.6 Healthcare Providers
9.6.1 Overview
9.6.2 Healthcare Providers: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
10. MEWA Health economics & outcomes research (HEOR) Market – Revenue and Forecast to 2030 – Country Analysis
10.1 MEWA: Health Economics & Outcomes Research (HEOR) Market Revenue and Forecast to 2030
10.1.1 Overview
10.1.1.1 MEWA: Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (USD Million)
10.1.2 MEWA: Health Economics & Outcomes Research (HEOR) Market, by Service, 2030 (USD Million)
10.1.3 MEWA: Health Economics & Outcomes Research (HEOR) Market, by Service Provider, 2030 (USD Million)
10.1.4 MEWA: Health Economics & Outcomes Research (HEOR) Market, by End User, 2030 (USD Million)
10.1.5 MEWA: Health Economics & Outcomes Research (HEOR) Market, by Country, 2022 & 2030 (%)
10.1.5.1 Saudi Arabia
10.1.5.1.1 Overview
10.1.5.1.2 Saudi Arabia: Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
10.1.5.1.3 Saudi Arabia: Health Economics & Outcomes Research (HEOR) Market, by Service, 2020–2030 (US$ Million)
10.1.5.1.4 Saudi Arabia: Health Economics & Outcomes Research (HEOR) Market, by Service Provider, 2030 (USD Million)
10.1.5.1.5 Saudi Arabia: Health Economics & Outcomes Research (HEOR) Market, by End User, 2020–2030 (US$ Million)
10.1.5.2 UAE
10.1.5.2.1 Overview
10.1.5.2.2 UAE: Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
10.1.5.2.3 UAE: Health Economics & Outcomes Research (HEOR) Market, by Service, 2020–2030 (US$ Million)
10.1.5.2.4 UAE: Health Economics & Outcomes Research (HEOR) Market, by Service Provider, 2030 (USD Million)
10.1.5.2.5 UAE: Health Economics & Outcomes Research (HEOR) Market, by End User, 2020–2030 (US$ Million)
10.1.5.3 Qatar
10.1.5.3.1 Overview
10.1.5.3.2 Qatar: Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
10.1.5.3.3 Qatar: Health Economics & Outcomes Research (HEOR) Market, by Service, 2020–2030 (US$ Million)
10.1.5.3.4 Qatar: Health Economics & Outcomes Research (HEOR) Market, by Service Provider, 2030 (USD Million)
10.1.5.3.5 Qatar: Health Economics & Outcomes Research (HEOR) Market, by End User, 2020–2030 (US$ Million)
10.1.5.4 Kuwait
10.1.5.4.1 Overview
10.1.5.4.2 Kuwait: Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
10.1.5.4.3 Kuwait: Health Economics & Outcomes Research (HEOR) Market, by Service, 2020–2030 (US$ Million)
10.1.5.4.4 Kuwait: Health Economics & Outcomes Research (HEOR) Market, by Service Provider, 2030 (USD Million)
10.1.5.4.5 Kuwait: Health Economics & Outcomes Research (HEOR) Market, by End User, 2020–2030 (US$ Million)
10.1.5.5 Rest of MEWA
10.1.5.5.1 Overview
10.1.5.5.2 Rest of MEWA: Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
10.1.5.5.3 Rest of MEWA: Health Economics & Outcomes Research (HEOR) Market, by Service, 2020–2030 (US$ Million)
10.1.5.5.4 Rest of MEWA: Health Economics & Outcomes Research (HEOR) Market, by Service Provider, 2030 (USD Million)
10.1.5.5.5 Rest of MEWA: Health Economics & Outcomes Research (HEOR) Market, by End User, 2020–2030 (US$ Million)
11. MEWA Health Economics & Outcomes Research (HEOR) Market – Industry Landscape
11.1 Overview
11.1 Organic Developments
11.1.1 Overview
11.2 Inorganic Developments
11.2.1 Overview
12. Company Profiles
12.1 PharmaLex GmbH
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ICON Plc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 IQVIA Holdings Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Syneos Health Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Optum Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Value In Research
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 ExlService Holdings, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Clarivate Plc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 CCHO
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. MEWA Health economics & outcomes research (HEOR) Market Segmentation
Table 2. MEWA: Health Economics & Outcomes Research (HEOR) Market, by Service – Revenue and Forecast to 2030 (USD Million)
Table 3. MEWA: Health Economics & Outcomes Research (HEOR) Market, by Service Provider – Revenue and Forecast to 2030 (USD Million)
Table 4. MEWA: Health Economics & Outcomes Research (HEOR) Market, by End User – Revenue and Forecast to 2030 (USD Million)
Table 5. Saudi Arabia Health Economics & Outcomes Research (HEOR) Market, by Service – Revenue and Forecast to 2030 (US$ Million)
Table 6. Saudi Arabia: Health Economics & Outcomes Research (HEOR) Market, by Service Provider – Revenue and Forecast to 2030 (USD Million)
Table 7. Saudi Arabia Health Economics & Outcomes Research (HEOR) Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 8. UAE Health Economics & Outcomes Research (HEOR) Market, by Service – Revenue and Forecast to 2030 (US$ Million)
Table 9. UAE: Health Economics & Outcomes Research (HEOR) Market, by Service Provider – Revenue and Forecast to 2030 (USD Million)
Table 10. UAE Health Economics & Outcomes Research (HEOR) Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 11. Qatar Health Economics & Outcomes Research (HEOR) Market, by Service – Revenue and Forecast to 2030 (US$ Million)
Table 12. Qatar: Health Economics & Outcomes Research (HEOR) Market, by Service Provider – Revenue and Forecast to 2030 (USD Million)
Table 13. Qatar Health Economics & Outcomes Research (HEOR) Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 14. Kuwait Health Economics & Outcomes Research (HEOR) Market, by Service – Revenue and Forecast to 2030 (US$ Million)
Table 15. Kuwait: Health Economics & Outcomes Research (HEOR) Market, by Service Provider – Revenue and Forecast to 2030 (USD Million)
Table 16. Kuwait Health Economics & Outcomes Research (HEOR) Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of MEWA Health Economics & Outcomes Research (HEOR) Market, by Service – Revenue and Forecast to 2030 (US$ Million)
Table 18. Rest of MEWA: Health Economics & Outcomes Research (HEOR) Market, by Service Provider – Revenue and Forecast to 2030 (USD Million)
Table 19. Rest of MEWA Health Economics & Outcomes Research (HEOR) Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 20. Organic Developments Done by Companies
Table 21. Inorganic Developments Done by Companies
Table 22. Glossary of Terms
LIST OF FIGURES
Figure 1. MEWA: PEST Analysis
Figure 2. MEWA Health Economics & Outcomes Research (HEOR) Market – Key Industry Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue Forecast and Analysis – 2020–2030
Figure 5. MEWA Health Economics & Outcomes Research (HEOR) Market Revenue Share, by Service 2022 & 2030 (%)
Figure 6. Clinical Outcome: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Economic Modelling/Evaluation: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Market Access Solutions and Reimbursement: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Real-World Data Analysis and Information Systems: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. MEWA Health Economics & Outcomes Research (HEOR) Market Revenue Share, By Service Provider 2022 & 2030 (%)
Figure 11. Contract Research Organizations: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Consultancy: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. MEWA Health Economics & Outcomes Research (HEOR) Market Revenue Share, By End User 2022 & 2030 (%)
Figure 14. Biotech/Pharma Companies: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Healthcare Payers: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Government Organizations: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Healthcare Providers: MEWA Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. MEWA: Health Economics & Outcomes Research (HEOR) Market, by Key Country – Revenue (2022) (US$ Million)
Figure 19. MEWA: Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (USD Million)
Figure 20. MEWA: Health Economics & Outcomes Research (HEOR) Market, by Country, 2022 & 2030 (%)
Figure 21. Saudi Arabia: Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. UAE: Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Qatar: Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Kuwait: Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Rest of MEWA: Health Economics & Outcomes Research (HEOR) Market – Revenue and Forecast to 2030 (US$ Million)
The List of Companies – MEWA Health Economics & Outcomes Research(HEOR) Market
o PharmaLex GmbH
o ICON Plc
o IQVIA Holdings Inc
o Syneos Health Inc
o Optum Inc
o Value In Research
o ExlService Holdings, Inc
o Clarivate Plc
o CCHO
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