The Insight Partners published latest research report on “Health Economics and Outcomes Research (HEOR) Services Market Share Report, Size, Trends, Demand & Forecast to 2027 - COVID-19 Impact and Global Analysis By Service, Service Provider, End User, and Geography”,
The Insight Partners published latest research report on “Health Economics and Outcomes Research (HEOR) Services Market Share Report, Size, Trends, Demand & Forecast to 2027 - COVID-19 Impact and Global Analysis By Service, Service Provider, End User, and Geography”, the global market is expected to grow from USD 1,116.38 million in 2019 to USD 2,699.56 million by 2027; it is estimated to grow at a CAGR of 11.9% from 2020 to 2027.
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Health economics and outcomes research (HEOR) services play a significant role in drug approval and reimbursement with payers. The HEOR services allow to evaluate the economics of treatment and quantify the associated results. Likewise, in the healthcare industry, decision-makers experience the pressure to opt for therapeutic ‘interventions’ from various treatment options made available by pharmaceuticals, medical devices, and biotechnology companies. Also, there is constant pressure to control the rising healthcare cost. Therefore, HEOR services help decision-makers to adequately compare and understand the appropriate option among all the available options.
Market leaders operating in the market have undertaken various organic growth strategies in the health economics and outcomes research (HEOR) services market. The health economics and outcomes research (HEOR) services market majorly consists of the players such Axtria, Inc., Avalon Health Economics LLC, MEDLIOR, PHARMALEX GMBH, Analysis Group, ICON PLC, IQVIA Inc., McKESSON CORPORATION, Syneos Health, and Optum, Inc. amongst others. Several organic approaches, such as product launches, and expansion in the Health Economics and Outcomes Research (HEOR) Services Market, have resulted in the positive growth of the market. Product launches help the company to strengthen its product offering and the customer base, which allows the company to hold a strong position in the market. Similarly, utilizing expansion activities, it is easy to venture into untapped economies and use the opportunities being offered.
The healthcare economics and outcomes research (HEOR) services market is expected to witness substantial growth post-pandemic. The global healthcare infrastructure observed limitations and capabilities during the sudden emergence of coronavirus. In order to deal with such situations in years to come, healthcare organizations as well as governments are expected to increase the utilization of HEOR services, which would eventually drive the market. Moreover, increase in demand for advanced data analysis technologies is anticipated to drive the market.
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Global Health Economics and Outcomes Research (HEOR) Services Market Share Report, Segmentations, Regional & Country Scope:
| Report Coverage | Details |
| Market Size Value in | USD 1,116.38 Million in 2019 |
| Market Size Value by | USD 2,699.56 Million by 2027 |
| Growth rate | CAGR of 11.9% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
| No. of Pages | 181 |
| No. of Tables | 84 |
| No. of Charts & Figures | 73 |
| Historical data available | Yes |
| Segments covered | Service, Service Provider, End User, and Geography |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Companies Covered | Axtria, Inc., Avalon Health Economics LLC, MEDLIOR, PHARMALEX GMBH, Analysis Group, ICON PLC, IQVIA Inc., McKESSON CORPORATION, Syneos Health, Optum |
| Key Research Capabilities | Global Market Assessment, Business Development Strategies, Competitive Landscape, Opportunity Analysis, Regional and Country Level Market Analysis, Market Entry Strategies, Market Dynamics, Risk and Return Assessments, Pricing Analysis, Market Size and Forecasting, Company Profiling, Value Chain Analysis, Expansion Strategies, SWOT Analysis, New Product Development |
Browse key market insights spread across 181 pages with 84 list of tables & 73 list of figures from the report, “Health Economics and Outcomes Research (HEOR) Services Market Forecast to 2027 - COVID-19 Impact and Global Analysis 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 Organizations), End User (Healthcare Providers, Healthcare Payers, Biotech/Pharma Companies, and Government Organizations), and Geography” in detail along with the table of contents: https://www.theinsightpartners.com/reports/health-economics-and-outcomes-research-heor-services-market
Based on service provider, the health economics and outcomes research (HEOR) services market is segmented into consultancy and contract research organizations. In 2019, the contract research organization segment held larger share of the market. Also, the same segment is estimated to register higher CAGR of 12.2% during the forecast period.
The healthcare industry has a never-ending demand from its end users and consumers. It is a broad industry, which comprises pharmaceuticals, medical devices, and biotechnology. Therefore, there is a constant process of product development activities to provide quality products and improve lives worldwide. The other factors responsible for increasing product development are rising incidence of acute and chronic diseases, growing demand for minimally invasive treatments, rising healthcare expenditure, and evolving technologies. Advancing healthcare systems and increasing technological development have offered technologies, such as genomics, artificial intelligence, minimally invasive services, point-of-care services, and robotics treatments. Various factors, including regulation, cost, market-entry, profit/loss, and acceptance by end users and consumers, are associated with product development.
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