The health economics and outcome research (HEOR) services market size is projected to reach US$ 3,797.86 million by 2031 from US$ 1,682.92 million in 2024. The market is expected to register a CAGR of 12.3% during 2024–2031. Digitalization in healthcare is likely to remain a key trend in the health economics and outcome research (HEOR) services market.
Health Economics and Outcome Research (HEOR) Services Market Analysis
The health economics and outcome research (HEOR) services market is expected to witness substantial growth in the coming years due to increasing demand for cost-effective healthcare solutions and the need to demonstrate the value of medical interventions. The market is poised for significant growth with an increasing number of drug approvals and substantial investments in research and development within the pharmaceutical sector. As healthcare systems worldwide strive to balance cost and quality, the demand for HEOR services is expected to continue its upward trajectory, offering valuable insights into the economic and clinical outcomes of medical treatments.
Health Economics and Outcome Research (HEOR) Services Market Overview
HEOR services are essential for evaluating the economic impact and effectiveness of medical interventions, thereby informing healthcare policies and treatment decisions. The market is driven by the pharmaceutical and biotechnology sectors, which rely on HEOR to demonstrate the value of their products to payers and regulators. Additionally, the growing number of clinical trials and the integration of real-world evidence (RWE) into healthcare decision-making are contributing to market expansion.
One of the most important developments in HEOR is the growing use of RWE in healthcare decision-making in Germany. RWE is being utilized more and more to supplement randomized controlled studies and research as it offers important insights into the efficacy and cost-effectiveness of healthcare interventions in real-world settings. Cegedim Health Data has expanded its European database, THIN, to include German real-world data (RWD) in November 2023. With over 10 million active EHRs annually, THIN serves as a key source of anonymized longitudinal data for various healthcare stakeholders, including pharmaceutical companies and researchers. The standardized data model of THIN allows for easy comparisons and is recognized for its statistical robustness, contributing to improvements in patient care and public health outcomes.
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Health Economics and Outcome Research (HEOR) Services Market: Strategic Insights
Market Size Value in US$ 1,116.38 Million in 2019 Market Size Value by US$ 2,699.56 Million by 2027 Growth rate CAGR of 11.9% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Health Economics and Outcome Research (HEOR) Services Market: Strategic Insights
| Market Size Value in | US$ 1,116.38 Million in 2019 |
| Market Size Value by | US$ 2,699.56 Million by 2027 |
| Growth rate | CAGR of 11.9% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Health Economics and Outcome Research (HEOR) Services Market Drivers and Opportunities
Increasing Product Development Bolsters Market Growth
The broad healthcare industry has a constant demand for product developments that offer quality products. Moreover, the rising incidence of acute and chronic diseases, growing demand for minimally invasive treatments, rising healthcare expenditure, and evolving technologies are propelling the demand for healthcare product development. The upgrading healthcare systems and increasing technological development have offered technologies such as genomics, artificial intelligence, minimally invasive services, point-of-care services, and robotics treatments.
The main focus of the manufacturer is to offer cost-effective and efficient products in the market. Product development leads to better communication between the healthcare provider and patients. This results in an increased awareness and knowledge, leading the company and industrial growth. Health economics and their outcomes are studied to drive better business. Designing a product and its lifecycle becomes difficult for market players in the developmental process. Various companies outsource HEOR services to understand regulations, healthcare coverage, and access decisions and identify the intervention that would benefit the specific populations of patients. The HEOR's most essential service is helping players fill the gap between clinical trials and actual health outcomes.
Startup registrations have increased, and North America, Europe, and Asia Pacific have registered various startups post-COVID-19 pandemic. The number increased significantly during the COVID-19 pandemic, resulting in increased product developments. As these players are new to the market, they require proper guidance and understanding of the market; also, they need to outsource HEOR services. Various well-established companies also outsource HEOR services to save the cost of production. The HEOR service providers help pharmaceutical, biotechnology, and medical device companies explain the value of their innovations to their respective stakeholders, such as physicians, payers, and patients. Thus, increasing product development is driving demand for HEOR services and fuels market growth.
Emergence of Precision Medicines to Create Growth Opportunities
Precision medicine is an emerging segment in the healthcare industry. Research and developments have shown promising results in the betterment of people and health improvement. However, despite various developments and improvements, there is a lack of evidence, thresholds, and reimbursement scenarios. Various researchers, payers, healthcare service providers, and market players are working to deploy new insights into personalized or precision medicine applications in early drug development and their consequences for health technology assessment. These provide ample growth opportunities for HEOR service providers to enhance their services for strategy and consulting, real-world evidence, modeling and microsimulation, and evidence synthesis associated with precision medicine. In addition, the HEOR guidelines and frameworks can clarify outcomes and their impacts caused by regulatory and reimbursement policies for precision medicine applications. Moreover, they are expected to guide research investments to improve the appropriate use of precision medicine.
The HEOR services market is expected to have vital growth opportunities in North America and Europe. These two regions are incorporating precision medicine into hospital settings. For instance, Europe has initiated the 1+ Million Genomes initiative, aiming to sequence one million genomes by 2022 and use the potential of genomics to improve disease prevention and enable more personalized treatments. Thus, the emergence of precision medicine is expected to provide vital growth opportunities for the market during the forecast period.
Health Economics and Outcome Research (HEOR) Services Market Report Segmentation Analysis
Key segments that were the foundation of health economics and outcome research (HEOR) services market analysis are service, service provider, and end user.
- Based on service, the health economics and outcome research (HEOR) services market is categorized into economic modelling or evaluation, real world data analysis and information system, market access solutions and reimbursement, clinical outcome, and others. The economic modelling or evaluation segment held the largest share of the market in 2024.
- By service provider, the market is bifurcated into consultancy and contract research organizations. The contract research organizations segment held a larger health economics and outcome research (HEOR) services market share in 2024.
- In terms of end user, the health economics and outcome research (HEOR) services market is segmented into healthcare providers, healthcare payers, biotech/pharma companies, and government organizations. The biotech/pharma companies segment dominated the market in 2024.
Health Economics and Outcome Research (HEOR) Services Market Share Analysis by Geography
The geographic scope of the health economics and outcome research (HEOR) services market report is divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America held a significant share of the market in 2024. The regional market growth is driven by growing demand for HEOR services by the healthcare market players, growing support from the government to provide cost-effective healthcare service, increasing strategic developments by the HEOR players to enhance services, and a growing healthcare industry that demands frameworks and guidelines based on the real-world data for their business models.
Increased research and development investments by the US government and market players are fueling the HEOR services market. According to the National Center for Science and Engineering Statistics (NCSES), businesses contributed US$ 130 billion to research in 2021, which accounted for 49% of all research spending in the US and 22% of all corporate funding for research and development. 77% of all US research and development in 2021 was conducted by businesses, totaling US$ 609 billion.
Canada is the fastest-developing country in North America and has a well-established healthcare system, which is among the best healthcare systems globally. The country has the Canadian Center for Health Economics (CCHE) for HEOR services. The system is highly regulated and thus offers world-class healthcare services. Public organizations and companies widely offer healthcare services in the country.
The government of Canada is making large investments in clinical trials to develop new instruments and therapies. According to the Canadian Institutes of Health Research (CIHR) article published in August 2024, more than US$ 103.1 million has been allocated for 36 clinical trial projects since 2022 through the CIHR Clinical Trials Fund, Canada's Strategy for Patient-Oriented Research, and Canada's Centre for Research on Pandemic Preparedness and Health Emergencies. Fourteen new clinical studies aimed at addressing health emergencies and developing the life sciences industry are being supported by a recent investment of more than US$ 43 million. For a range of medical issues, these studies evaluate therapies, diagnostic procedures, and preventative measures.
Health Economics and Outcome Research (HEOR) Services Market Report Scope
Health Economics and Outcome Research (HEOR) Services Market News and Recent Developments
The health economics and outcome research (HEOR) services market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the health economics and outcome research (HEOR) services market are listed below:
- AmerisourceBergen Corporation completed the acquisition of PharmaLex Holding GmbH. The acquisition of PharmaLex enhances AmerisourceBergen's growth strategy by advancing its leadership in specialty services and global platform of pharma manufacturer services capabilities. (Source: AmerisourceBergen Corporation, Press Release, January 2023)
- Syneos Health announced an expanded partnership with Datavant, the leader in helping organizations securely connect health data. The increasing collaboration between the companies will further leverage the full suite of capabilities in Datavant Switchboard and Datavant's large data ecosystem to accelerate the clinical development and commercialization of new therapies for patients. Additionally, the relationship empowers HEOR, Medical Affairs, Market Access, and Commercialization analytics and insights to drive better analysis for Syneos Health's biopharmaceutical customers' products. (Source: Syneos Health, Press Release, October 2022)
Health Economics and Outcome Research (HEOR) Services Market Report Coverage and Deliverables
The "Health Economics and Outcome Research (HEOR) Services Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Health economics and outcome research (HEOR) services market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Health economics and outcome research (HEOR) services market trends and market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Health economics and outcome research (HEOR) services market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the health economics and outcome research (HEOR) services market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Service , Service Provider , End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The market is estimated to register a CAGR of 12.3% during the forecast period.
The increasing product development, growing healthcare spending, and surge in clinical trials are noteworthy factors contributing to market growth.
PharmaLex GmbH, ICON Plc, IQVIA Holdings Inc., Syneos Health Inc., Optum Inc., Certara Inc., ExlService Holdings, Inc., Avalon Health Economics LLC, Axtria Inc., and McKesson Corp are among the key players operating in the health economics and outcome research (HEOR) services market.
North America dominated the health economics and outcome research (HEOR) services market in 2024.
The market is expected to reach a value of US$ 3,797.86 million by 2031.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Health Economics and Outcomes Research (HEOR) Services Market Landscape
4.1 Overview
4.2 PEST Analysis
5. Health Economics and Outcomes Research (HEOR) Services Market – Key Market Dynamics
5.1 Health Economics and Outcomes Research (HEOR) Services Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Product Development
5.2.2 Growing Healthcare Spending
5.2.3 Surge in Clinical Trials
5.3 Market Restraints
5.3.1 Restrictions on Access to Real-World Data (RWD)
5.4 Market Opportunities
5.4.1 Emergence of Precision Medicines
5.5 Future Trends
5.5.1 Digitalization in Healthcare
5.6 Impact of Drivers and Restraints:
6. Health Economics and Outcomes Research (HEOR) Services Market – Global Market Analysis
6.1 Health Economics and Outcomes Research (HEOR) Services Market Revenue (US$ Million), 2021–2031
6.2 Health Economics and Outcomes Research (HEOR) Services Market Forecast Analysis
7. Health Economics and Outcomes Research (HEOR) Services Market Analysis – by Service
7.1 Economic Modelling or Evaluation
7.1.1 Overview
7.1.2 Economic Modelling or Evaluation: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Real World Data Analysis and Information System
7.2.1 Overview
7.2.2 Real World Data Analysis and Information System: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Market Access Solutions and Reimbursement
7.3.1 Overview
7.3.2 Market Access Solutions and Reimbursement: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Clinical Outcome
7.4.1 Overview
7.4.2 Clinical Outcome: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
8. Health Economics and Outcomes Research (HEOR) Services Market Analysis – by Service Provider
8.1 Contract Research Organizations
8.1.1 Overview
8.1.2 Contract Research Organizations: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Consultancy
8.2.1 Overview
8.2.2 Consultancy: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
9. Health Economics and Outcomes Research (HEOR) Services Market Analysis – by End User
9.1 Biotechnology and Pharmaceutical Companies
9.1.1 Overview
9.1.2 Biotechnology and Pharmaceutical Companies: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Healthcare Payers
9.2.1 Overview
9.2.2 Healthcare Payers: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Government Organizations
9.3.1 Overview
9.3.2 Government Organizations: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Healthcare Providers
9.4.1 Overview
9.4.2 Healthcare Providers: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10. Health Economics and Outcomes Research (HEOR) Services Market – Geographical Analysis
10.1 North America
10.1.1 North America Health Economics and Outcomes Research (HEOR) Services Market Overview
10.1.2 North America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.1.2.1 North America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Service
10.1.2.2 North America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Service Provider
10.1.2.3 North America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by End User
10.1.3 North America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Country
10.1.3.1 North America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Country
10.1.3.2 United States: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.1.3.2.1 United States: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.1.3.2.2 United States: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.1.3.2.3 United States: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.1.3.3 Canada: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.1.3.3.1 Canada: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.1.3.3.2 Canada: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.1.3.3.3 Canada: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.1.3.4 Mexico: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.1.3.4.1 Mexico: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.1.3.4.2 Mexico: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.1.3.4.3 Mexico: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.2 Europe
10.2.1 Europe Health Economics and Outcomes Research (HEOR) Services Market Overview
10.2.2 Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.2.1 Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Service
10.2.2.2 Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Service Provider
10.2.2.3 Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by End User
10.2.3 Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Country
10.2.3.1 Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Country
10.2.3.2 Germany: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.2.1 Germany: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.2.3.2.2 Germany: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.2.3.2.3 Germany: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.2.3.3 United Kingdom: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.3.1 United Kingdom: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.2.3.3.2 United Kingdom: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.2.3.3.3 United Kingdom: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.2.3.4 France: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.4.1 France: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.2.3.4.2 France: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.2.3.4.3 France: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.2.3.5 Italy: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.5.1 Italy: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.2.3.5.2 Italy: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.2.3.5.3 Italy: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.2.3.6 Spain: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.6.1 Spain: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.2.3.6.2 Spain: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.2.3.6.3 Spain: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.2.3.7 Rest of Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3.7.1 Rest of Europe: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.2.3.7.2 Rest of Europe: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.2.3.7.3 Rest of Europe: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.3 Asia Pacific
10.3.1 Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market Overview
10.3.2 Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.2.1 Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Service
10.3.2.2 Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Service Provider
10.3.2.3 Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by End User
10.3.3 Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Country
10.3.3.1 Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Country
10.3.3.2 China: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.2.1 China: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.3.3.2.2 China: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.3.3.2.3 China: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.3.3.3 Japan: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.3.1 Japan: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.3.3.3.2 Japan: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.3.3.3.3 Japan: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.3.3.4 India: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.4.1 India: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.3.3.4.2 India: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.3.3.4.3 India: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.3.3.5 South Korea: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.5.1 South Korea: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.3.3.5.2 South Korea: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.3.3.5.3 South Korea: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.3.3.6 Australia: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.6.1 Australia: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.3.3.6.2 Australia: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.3.3.6.3 Australia: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.3.3.7 Rest of APAC: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3.7.1 Rest of APAC: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.3.3.7.2 Rest of APAC: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.3.3.7.3 Rest of APAC: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.4 Middle East and Africa
10.4.1 Middle East and Africa Health Economics and Outcomes Research (HEOR) Services Market Overview
10.4.2 Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.2.1 Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Service
10.4.2.2 Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Service Provider
10.4.2.3 Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by End User
10.4.3 Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Country
10.4.3.1 Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Country
10.4.3.2 Saudi Arabia: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3.2.1 Saudi Arabia: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.4.3.2.2 Saudi Arabia: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.4.3.2.3 Saudi Arabia: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.4.3.3 South Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3.3.1 South Africa: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.4.3.3.2 South Africa: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.4.3.3.3 South Africa: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.4.3.4 United Arab Emirates: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3.4.1 United Arab Emirates: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.4.3.4.2 United Arab Emirates: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.4.3.4.3 United Arab Emirates: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.4.3.5 Rest of Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3.5.1 Rest of Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.4.3.5.2 Rest of Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.4.3.5.3 Rest of Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.5 South and Central America
10.5.1 South and Central America Health Economics and Outcomes Research (HEOR) Services Market Overview
10.5.2 South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.5.2.1 South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Service
10.5.2.2 South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Service Provider
10.5.2.3 South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by End User
10.5.3 South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Country
10.5.3.1 South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast Analysis – by Country
10.5.3.2 Brazil: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3.2.1 Brazil: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.5.3.2.2 Brazil: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.5.3.2.3 Brazil: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.5.3.3 Argentina: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3.3.1 Argentina: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.5.3.3.2 Argentina: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.5.3.3.3 Argentina: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
10.5.3.4 Rest of South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3.4.1 Rest of South and Central America: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service
10.5.3.4.2 Rest of South and Central America: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Service Provider
10.5.3.4.3 Rest of South and Central America: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by End User
11. Industry Landscape
11.1 Overview
11.2 Expansion
11.3 Collaboration
11.4 Merger and Acquisition
11.5 Partnerships
11.6 Other Business Strategies
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 Certara Inc.
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 Avalon Health Economics LLC
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 Axtria, Inc.
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
12.10 McKesson Corp
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms for HEOR Services Market
List of Tables
Table 1. Health Economics and Outcomes Research (HEOR) Services Market Segmentation
Table 2. Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million) – by Service
Table 3. Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million) – by Service Provider
Table 4. Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 5. North America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 6. North America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 7. North America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 8. North America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 9. United States: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 10. United States: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 11. United States: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 12. Canada: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 13. Canada: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 14. Canada: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 15. Mexico: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 16. Mexico: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 17. Mexico: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 18. Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 19. Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 20. Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 21. Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 22. Germany: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 23. Germany: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 24. Germany: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 25. United Kingdom: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 26. United Kingdom: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 27. United Kingdom: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 28. France: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 29. France: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 30. France: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 31. Italy: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 32. Italy: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 33. Italy: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 34. Spain: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 35. Spain: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 36. Spain: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 37. Rest of Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 38. Rest of Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 39. Rest of Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 40. Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 41. Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 42. Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 43. Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 44. China: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 45. China: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 46. China: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 47. Japan: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 48. Japan: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 49. Japan: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 50. India: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 51. India: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 52. India: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 53. South Korea: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 54. South Korea: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 55. South Korea: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 56. Australia: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 57. Australia: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 58. Australia: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 59. Rest of APAC: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 60. Rest of APAC: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 61. Rest of APAC: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 62. Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 63. Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 64. Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 65. Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 66. Saudi Arabia: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 67. Saudi Arabia: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 68. Saudi Arabia: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 69. South Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 70. South Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 71. South Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 72. United Arab Emirates: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 73. United Arab Emirates: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 74. United Arab Emirates: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 75. Rest of Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 76. Rest of Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 77. Rest of Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 78. South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 79. South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 80. South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 81. South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 82. Brazil: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 83. Brazil: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 84. Brazil: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 85. Argentina: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 86. Argentina: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 87. Argentina: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 88. Rest of South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service
Table 89. Rest of South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by Service Provider
Table 90. Rest of South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 91. Glossary of Terms
List of Figures
Figure 1. Health Economics and Outcomes Research (HEOR) Services Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Health Economics and Outcomes Research (HEOR) Services Market Revenue (US$ Million), 2021–2031
Figure 5. Health Economics and Outcomes Research (HEOR) Services Market Share (%) – by Service (2024 and 2031)
Figure 6. Economic Modelling or Evaluation: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Real World Data Analysis and Information System: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Market Access Solutions and Reimbursement: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Clinical Outcome: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Others: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Health Economics and Outcomes Research (HEOR) Services Market Share (%) – by Service Provider (2024 and 2031)
Figure 12. Contract Research Organizations: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Consultancy: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Health Economics and Outcomes Research (HEOR) Services Market Share (%) – by End User (2024 and 2031)
Figure 15. Biotechnology and Pharmaceutical Companies: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Healthcare Payers: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Government Organizations: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Healthcare Providers: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. North America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 20. North America: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 21. United States: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 22. Canada: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 23. Mexico: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 24. Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 25. Europe: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 26. Germany: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. United Kingdom: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. France: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 29. Italy: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. Spain: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. Rest of Europe: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 34. China: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 35. Japan: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 36. India: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 37. South Korea: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 38. Australia: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 39. Rest of APAC: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 40. Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 42. Saudi Arabia: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. South Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. United Arab Emirates: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 45. Rest of Middle East and Africa: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 46. South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 47. South and Central America: Health Economics and Outcomes Research (HEOR) Services Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 48. Brazil: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 49. Argentina: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 50. Rest of South and Central America: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2031(US$ Million)
The List of Companies - Health Economics and Outcome Research (HEOR) Services Market
- PharmaLex GmbH
- ICON Plc
- IQVIA Holdings Inc
- Syneos Health Inc
- Optum Inc
- Certara Inc.
- ExlService Holdings, Inc.
- Avalon Health Economics LLC
- Axtria, Inc.
- McKesson Corp.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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