Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market
No. of Pages: 135 | Report Code: TIPRE00024231 | Category: Life Sciences
No. of Pages: 135 | Report Code: TIPRE00024231 | Category: Life Sciences
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.
Thus, the increasing product development is expected to create a significant demand for Health economics and outcomes research (HEOR) services in the coming years, which is further anticipated to drive the health economics and outcomes research (HEOR) services market.
The COVID-19 pandemic has put a major strain on the health systems of many countries around the world. Testing capacity in many countries of Asia Pacific was limited and of low quality in the initial days of the pandemic, which led to a surge in the COVID-19 cases. However, many countries, such as South Korea, Japan, and Singapore, were efficiently contained the situation through robust tracking and testing. Also, India has the second-highest number of cases in the world after the US. Treating patients of COVID-19 has dominated the healthcare system’s attention and resources. India is increasing its testing capacity to control the increasing number of COVID-19 cases. Also, the COVID-19 vaccination has started in the country. As per the Our World in Data, as of 13 February 2021, around 8.2 million doses have been administered in the country. This is increasing demand for HEOR services in the region for better outcome analysis.
Strategic insights for the Asia Pacific Health Economics and Outcomes Research (HEOR) Services provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 110.0 Million |
| Market Size by 2027 | US$ 212.2 Million |
| Global CAGR (2020 - 2027) | 9.8% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2027 |
| Segments Covered |
By Service
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Health Economics and Outcomes Research (HEOR) Services refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The health economics and outcomes research (HEOR) services market in Asia Pacific is expected to grow from US$ 110.0 million in 2020 to US$ 212.2 million by 2027; it is estimated to grow at a CAGR of 9.8% from 2020 to 2027. The primary focus of the manufacturer is to offer cost-effective and efficient products in the market. The other main objective of the product development is to develop products to lead to better communication between the healthcare provider and patients. This would result in increased awareness and knowledge, which would eventually lead to the growth of the company and industry. However, to drive the better business there is a need much understanding the health economics and their outcomes. Hence, it becomes difficult for a market player to design a product and its lifecycle throughout the developmental process. Various companies outsource HEOR services to understand the 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.
In terms of service, the clinical outcome segment accounted for the largest share of the Asia Pacific Health economics and outcomes research (HEOR) services market in 2020. In terms of service providers, the contract research organizations segment accounted for the largest share of the Asia Pacific Health economics and outcomes research (HEOR) services market in 2020. In terms of end user, the biotech/pharma companies segment held a larger market share of the health economics and outcomes research (HEOR) services market in 2020.
A few major primary and secondary sources referred to for preparing this report on the health economics and outcomes research (HEOR) services market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Axtria, Inc.
By Service
By Service Provider
By End User
By Country
The Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market is valued at US$ 110.0 Million in 2020, it is projected to reach US$ 212.2 Million by 2027.
As per our report Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market, the market size is valued at US$ 110.0 Million in 2020, projecting it to reach US$ 212.2 Million by 2027. This translates to a CAGR of approximately 9.8% during the forecast period.
The Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market report:
The Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market value chain can benefit from the information contained in a comprehensive market report.
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