The Health Economics and Outcomes Research (HEOR) Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Health Economics and Outcomes Research (HEOR) Services Global Market Report 2024, The health economics and outcomes research (heor) services market size has grown rapidly in recent years. It will grow from $1.38 billion in 2023 to $1.56 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to emergence of evidence-based medicinem, healthcare policy and reforms, pharmaceutical innovations, aging population, increased chronic diseases.
The health economics and outcomes research (heor) services market size is expected to see rapid growth in the next few years. It will grow to $2.44 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to healthcare supply chain optimization, focus on health inequities, rise in value-based agreements, digital health and telemedicine, shift to personalized medicine. Major trends in the forecast period include corporation of social determinants of health, heor in rare diseases and orphan drugs, patient-centric outcomes assessment, value framework standardization, rapid real-world evidence generation
The surge in the number of clinical trials is expected to propel the growth of the health economics and outcomes research services market going forward. Clinical trials are research studies conducted with human participants to evaluate the safety and effectiveness of new medical treatments, interventions, or diagnostic procedures. Health economics and outcomes research (HEOR) services are utilized in clinical trials to evaluate medical interventions’ economic impact, cost-effectiveness, and real-world outcomes, providing valuable insights for decision-making and reimbursement strategies. For instance, in May 2023, according to the United States National Library of Medicine, the number of clinical trials registered studies increased from 399,499 in 2022 to 437,533 in all 50 states and across 221 countries. Moreover, it was reported that 140,492 studies (31%) are registered in the U.S. only, while 241,498 studies (53%) are recorded in non-U.S. locations. Therefore, the surge in the number of clinical trials is driving the growth of the health economics and outcomes research services market.
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The health economics and outcomes research (heor) services market covered in this report is segmented –
1) By Service: Real World Evidence, Payer Evidence, Pricing And Reimbursement, Epidemiology Studies, Market Access, Other Services
2) By Offering: Outsourced, In-House
3) By Service Provider: Consultancy, Contract Research Organizations (CRO)
4) By End-Use: Healthcare Provider, Healthcare Payers, Biotechnology And Pharmaceutical Companies, Government Organization, Other End-Users
Advancements in real-world evidence platforms are a key trend gaining popularity in the health economics and outcomes research (HEOR) services market. Major companies operating in the health economics and outcomes research services market are adopting innovative technologies to transform healthcare decision-making, drug development, and patient care by leveraging real-world data to generate evidence-based insights and sustain their position in the market. For instance, in April 2023, Komodo Health, a US-based healthcare technology company specializing in real-world evidence (RWE) and data analytics, launched MapEnhance, a network of specialty data partners integrated into real-world evidence (RWE) technology platform. The new platform enhances the analytical capabilities of Komodo’s Healthcare Map by incorporating exclusive and highly informative data curated from its partner network. MapEnhance empowers customers with a comprehensive and detailed real-world perspective on clinical events and patient populations, enabling unprecedented insight.
The health economics and outcomes research (heor) services market report table of contents includes:
1. Executive Summary
2. Health Economics And Outcomes Research (HEOR) Services Market Characteristics
3. Health Economics And Outcomes Research (HEOR) Services Market Trends And Strategies
4. Health Economics And Outcomes Research (HEOR) Services Market – Macro Economic Scenario
5. Global Health Economics And Outcomes Research (HEOR) Services Market Size and Growth
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26. South America Health Economics And Outcomes Research (HEOR) Services Market
27. Brazil Health Economics And Outcomes Research (HEOR) Services Market
28. Middle East Health Economics And Outcomes Research (HEOR) Services Market
29. Africa Health Economics And Outcomes Research (HEOR) Services Market
30. Health Economics And Outcomes Research (HEOR) Services Market Competitive Landscape And Company Profiles
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