Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market Forecast to 2027 - COVID-19 Impact and Regional 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)

TIPRE00024231 | Pages: 135 | Healthcare IT | Aug 2021 | Type: Regional | Status: Published

Market Introduction

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.

 

 


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Market Overview and Dynamics

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.

 

Key Market Segments

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.

 

Major Sources and Companies Listed

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., Avalon Health Economics LLC, PHARMALEX GMBH, Analysis Group, ICON PLC, IQVIA Inc., McKESSON CORPORATION, and Syneos Health.

 

Reasons to buy report

  • To understand the Asia Pacific Health economics and outcomes research (HEOR) services market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific Health economics and outcomes research (HEOR) services market
  • Efficiently plan M&A and partnership deals in Asia Pacific Health economics and outcomes research (HEOR) services market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific Health economics and outcomes research (HEOR) services market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.

 

ASIA PACIFIC HEALTH ECONOMICS AND OUTCOMES RESEARCH (HEOR) SERVICES MARKET SEGMENTATION

 

By Service

  • Economic Modelling/Evaluation
  • Real-world Data Analysis and Information Systems
  • Clinical Outcome
  • Market Access Solutions and Reimbursement

 

By Service Provider

  • Consultancy
  • Contract Research Organizations

 

By End User

  • Healthcare Providers
  • Healthcare Payers
  • Biotech/Pharma Companies
  • Government Organizations

 

By Country

  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific

 

 

Companies Mentioned

  1. Axtria, Inc.
  2. Avalon Health Economics LLC
  3. PHARMALEX GMBH
  4. Analysis Group
  5. ICON PLC
  6. IQVIA Inc.
  7. McKESSON CORPORATION
  8. Syneos Health

 

 

TABLE OF CONTENTS

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Health Economics and Outcomes Research (HEOR) Services Market – By Service

1.3.2        Health Economics and Outcomes Research (HEOR) Services Market – By Service Provider

1.3.3        Health Economics and Outcomes Research (HEOR) Services Market – By End User

1.3.4        Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market – By Country

2.           Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market – Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market – Market Landscape

4.1         Overview

4.2         PEST Analysis

4.2.1        Health Economics and Outcomes Research (HEOR) Services Market- Asia Pacific PEST Analysis

4.3         Expert Opinion

5.           Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market - Key Market Dynamics

5.1         Market Drivers

5.1.1        Increasing Product Development

5.1.2        Growing 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.           Health Economics and Outcomes Research (HEOR) Services Market – Asia Pacific Analysis

6.1         Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market Revenue Forecasts and Analysis

7.           Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market Analysis and Forecasts To 2027 – By Service

7.1         Overview

7.2         Health Economics and Outcomes Research (HEOR) Services Market Share, by Service, 2019 and 2027 (%)

7.3         Economic Modelling/Evaluation

7.3.1        Overview

7.3.2        Economic Modelling/Evaluation: Health Economics and Outcomes Research (HEOR) Services Market– Revenue and Forecast to 2027 (US$ Million)

7.4         Real-World Data Analysis and Information Systems

7.4.1        Overview

7.4.2        Real-World Data Analysis and Information Systems: Health Economics and Outcomes Research (HEOR) Services Market– Revenue and Forecast to 2027 (US$ Million)

7.5         Clinical Outcome

7.5.1        Overview

7.5.2        Clinical Outcome: Health Economics and Outcomes Research (HEOR) Services Market– Revenue and Forecast to 2027 (US$ Million)

7.6         Market Access Solutions and Reimbursement

7.6.1        Overview

7.6.2        Market Access Solutions and Reimbursement: Health Economics and Outcomes Research (HEOR) Services Market– Revenue and Forecast to 2027 (US$ Million)

8.           Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market Analysis and Forecasts to 2027– By Service Provider

8.1         Overview

8.2         Health Economics and Outcomes Research (HEOR) Services Market Share, by Service Provider, 2019 and 2027, (%)

8.3         Consultancy

8.3.1        Overview

8.3.2        Consultancy: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (US$ Million)

8.4         Contract Research Organizations

8.4.1        Overview

8.4.2        Contract Research Organizations: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (US$ Million)

9.           Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market Analysis and Forecasts to 2027– By End User

9.1         Overview

9.2         Health Economics and Outcomes Research (HEOR) Services Market Share, by End User, 2019 and 2027, (%)

9.3         Healthcare Providers

9.3.1        Overview

9.3.2        Healthcare Providers: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (US$ Million)

9.4         Healthcare Payers

9.4.1        Overview

9.4.2        Healthcare Payers: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (US$ Million)

9.5         Biotech/Pharma Companies

9.5.1        Overview

9.5.2        Biotech/Pharma Companies: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (US$ Million)

9.6         Government Organization

9.6.1        Overview

9.6.2        Government Organization: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (US$ Million)

10.        Health Economics and Outcomes Research (HEOR) Services Market Revenue and Forecasts to 2027 – Geographical Analysis

10.1      Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market

10.1.1     Overview

10.1.2     Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market, by Country, 2019 & 2027 (%)

10.1.3     China: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

10.1.3.1       China: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

10.1.3.2       China Health Economics and Outcomes Research (HEOR) Services Market, by Service – Revenue and Forecast to 2027 (USD Million)

10.1.3.3       China Health Economics and Outcomes Research (HEOR) Services Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

10.1.3.4       China Health Economics and Outcomes Research (HEOR) Services Market, by End User– Revenue and Forecast to 2027(USD Million)

10.1.4     Japan: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

10.1.4.1       Japan: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

10.1.4.2       Japan Health Economics and Outcomes Research (HEOR) Services Market, by Service – Revenue and Forecast to 2027 (USD Million)

10.1.4.3       Japan Health Economics and Outcomes Research (HEOR) Services Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

10.1.4.4       Japan Health Economics and Outcomes Research (HEOR) Services Market, by End User– Revenue and Forecast to 2027(USD Million)

10.1.5     India: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

10.1.5.1       India: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

10.1.5.2       India Health Economics and Outcomes Research (HEOR) Services Market, by Service – Revenue and Forecast to 2027 (USD Million)

10.1.5.3       India Health Economics and Outcomes Research (HEOR) Services Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

10.1.5.4       India Health Economics and Outcomes Research (HEOR) Services Market, by End User– Revenue and Forecast to 2027(USD Million)

10.1.6     South Korea: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

10.1.6.1       South Korea: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

10.1.6.2       South Korea Health Economics and Outcomes Research (HEOR) Services Market, by Service – Revenue and Forecast to 2027 (USD Million)

10.1.6.3       South Korea Health Economics and Outcomes Research (HEOR) Services Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

10.1.6.4       South Korea Health Economics and Outcomes Research (HEOR) Services Market, by End User– Revenue and Forecast to 2027(USD Million)

10.1.7     Australia: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

10.1.7.1       Australia: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

10.1.7.2       Australia Health Economics and Outcomes Research (HEOR) Services Market, by Service – Revenue and Forecast to 2027 (USD Million)

10.1.7.3       Australia Health Economics and Outcomes Research (HEOR) Services Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

10.1.7.4       Australia Health Economics and Outcomes Research (HEOR) Services Market, by End User– Revenue and Forecast to 2027(USD Million)

10.1.8     Rest of Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

10.1.8.1       Rest of Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

10.1.8.2       Rest of Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market, by Service – Revenue and Forecast to 2027 (USD Million)

10.1.8.3       Rest of Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

10.1.8.4       Rest of Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market, by End User– Revenue and Forecast to 2027(USD Million)

11.        Impact Of COVID-19 Pandemic on Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market

11.1      Asia Pacific: Impact Assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1      Overview

12.2      Inorganic Growth Strategies

12.2.1     Overview

12.3      Organic Growth Strategies

12.3.1     Overview

13.        COMPANY PROFILES

13.1      Axtria, Inc.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Avalon Health Economics LLC

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      PHARMALEX GMBH

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Analysis Group

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      ICON PLC

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      IQVIA Inc.

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      McKESSON CORPORATION

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Syneos Health

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

14.        Appendix

14.1      About the Insight Partners

14.2      Glossary of Terms

 


LIST OF TABLES

Table 1.             China Health Economics and Outcomes Research (HEOR) Services Market, by Service – Revenue and Forecast to 2027 (USD Million)

Table 2.             China Health Economics and Outcomes Research (HEOR) Services Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

Table 3.             China Health Economics and Outcomes Research (HEOR) Services Market, by End User– Revenue and Forecast to 2027(USD Million)

Table 4.             Japan Health Economics and Outcomes Research (HEOR) Services Market, by Service – Revenue and Forecast to 2027 (USD Million)

Table 5.             Japan Health Economics and Outcomes Research (HEOR) Services Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

Table 6.             Japan Health Economics and Outcomes Research (HEOR) Services Market, by End User– Revenue and Forecast to 2027(USD Million)

Table 7.             India Health Economics and Outcomes Research (HEOR) Services Market, by Service – Revenue and Forecast to 2027 (USD Million)

Table 8.             India Health Economics and Outcomes Research (HEOR) Services Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

Table 9.             India Health Economics and Outcomes Research (HEOR) Services Market, by End User– Revenue and Forecast to 2027(USD Million)

Table 10.          South Korea Health Economics and Outcomes Research (HEOR) Services Market, by Service – Revenue and Forecast to 2027 (USD Million)

Table 11.          South Korea Health Economics and Outcomes Research (HEOR) Services Market, by Service Providers– Revenue and Forecast to 2027 (USD Million)

Table 12.          South Korea Health Economics and Outcomes Research (HEOR) Services Market, by End User– Revenue and Forecast to 2027 (USD Million)

Table 13.          Australia Health Economics and Outcomes Research (HEOR) Services Market, by Service – Revenue and Forecast to 2027 (USD Million)

Table 14.          Australia Health Economics and Outcomes Research (HEOR) Services Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

Table 15.          Australia Health Economics and Outcomes Research (HEOR) Services Market, by End User– Revenue and Forecast to 2027(USD Million)

Table 16.          Rest of Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market, by Service – Revenue and Forecast to 2027 (USD Million)

Table 17.          Rest of Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market, by Service Providers– Revenue and Forecast to 2027(USD Million)

Table 18.          Rest of Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market, by End User– Revenue and Forecast to 2027(USD Million)

Table 19.          Recent Inorganic Growth Strategies in The Health Economics and Outcomes Research Services Market

Table 20.          Recent Organic Growth Strategies in The Health Economics and Outcomes Research Services Market

Table 21.          Glossary of Terms, Health Economics and Outcomes Research (HEOR) Services Market

 


LIST OF FIGURES

Figure 1.           Health Economics and Outcomes Research (HEOR) Services Market Segmentation

Figure 2.           Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market Overview

Figure 3.           Clinical Outcome Segment Held Largest Share of Service in Health Economics and Outcomes Research (HEOR) Services Market

Figure 4.           South Korea is Expected to Show Remarkable Growth During the Forecast Period

Figure 5.           Health Economics and Outcomes Research (HEOR) Services Market - Asia Pacific PEST Analysis

Figure 6.           Health Economics and Outcomes Research (HEOR) Services Market Impact Analysis of Driver and Restraints

Figure 7.           Asia Pacific Health Economics and Outcomes Research (HEOR) Services Market – Revenue Forecasts and Analysis – 2019- 2027

Figure 8.           Health Economics and Outcomes Research (HEOR) Services Market Share, by Service, 2019 and 2027 (%)

Figure 9.           Economic Modelling/Evaluation: Health Economics and Outcomes Research (HEOR) Services Market– Revenue and Forecast to 2027 (US$ Million)

Figure 10.        Real-World Data Analysis and Information Systems: Health Economics and Outcomes Research (HEOR) Services Market– Revenue and Forecast to 2027 (US$ Million)

Figure 11.        Clinical Outcome: Health Economics and Outcomes Research (HEOR) Services Market– Revenue and Forecast to 2027 (US$ Million)

Figure 12.        Market Access Solutions and Reimbursement: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        Health Economics and Outcomes Research (HEOR) Services Market Share, by Service Provider, 2019 and 2027 (%)

Figure 14.        Consultancy: Hospitals Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        Contract Research Organizations: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        Health Economics and Outcomes Research (HEOR) Services Market Share, by End User, 2019 and 2027 (%)

Figure 17.        Healthcare Providers: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        Healthcare Payers: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        Biotech/Pharma Companies: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        Government Organization: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market, by Key Country – Revenue (2019) (USD Million)

Figure 22.        Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market, by Country, 2019 & 2027 (%)

Figure 23.        China: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

Figure 24.        Japan: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

Figure 25.        India: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

Figure 26.        South Korea: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

Figure 27.        Australia: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

Figure 28.        Rest of Asia Pacific: Health Economics and Outcomes Research (HEOR) Services Market – Revenue and Forecast to 2027 (USD Million)

Figure 29.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 30.        Growth Strategies Done by the Companies in the Market, (%)

 

  1. Axtria, Inc.
  2. Avalon Health Economics LLC
  3. PHARMALEX GMBH
  4. Analysis Group
  5. ICON PLC
  6. IQVIA Inc.
  7. McKESSON CORPORATION
  8. Syneos Health
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific Health economics and outcomes research (HEOR) services market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Health economics and outcomes research (HEOR) services market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the health economics and outcomes research (HEOR) services market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution 
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