Middle East and Africa 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)
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.
Economic uncertainties and ongoing conflicts are worsening the condition in the region. For instance, countries such as Syria, Libya, and Yemen are suffering violent conflict and cannot implement any public health measures. Iran was in deep economic recession due to the US sanctions. Also, the major source of economic stabilization in Middle East countries is oil production and export. However, the recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products, especially crude oil, and halted production due to labor shortage, are major impacts observed in the region. Additionally, tightened financial condition is also decreasing the economic activities in the region. Since the beginning of 2020, the COVID-19 pandemic has caused enormous health, social and economic impacts, which is likely to continue in 2021. Even after some of these impacts have been mitigated or contained, there will be medium- and longer-term consequences. With many laboratory and research services under acute pressure, the market for HEOR services is expected to grow at a steady rate in the region.
Get more information on this report :
Market Overview and Dynamics
The health economics and outcomes research (HEOR) services market in Middle East and Africa is expected to grow from US$ 26.8 million in 2020 to US$ 37.8 million by 2027; it is estimated to grow at a CAGR of 5.0% from 2020 to 2027. The HEOR plays a vital role in providing comparative evidence for choosing products and services. Selecting the appropriate product or service would assist in improving patients' health outcomes with justified healthcare spending. It provides the most valued insights that lead to reduced waste of products, services, and money. Such evidence is essential to identify the best deployment policies for healthcare budgets that would benefit patients. The HEOR services would also help healthcare service providers to pay attention to uncertain spending on unnecessary surgeries and clinical procedures. The consultation by HEOR is likely to encourage the use of generic drugs, increase focus on updating nursing skills of nurses to manage chronic conditions of patients, and ensure no hospital stays for patients who do not require hospital care and can be treated with fewer resources as primary care. Thus, growing healthcare expenditure is likely to influence the HEOR service market's growth during the forecast period.
Key Market Segments
In terms of service, the clinical outcome segment accounted for the largest share of the Middle East and Africa 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 Middle East and Africa 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 Middle East and Africa 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, ICON PLC, IQVIA Inc., McKESSON CORPORATION, and Syneos Health.
Reasons to buy report
- To understand the Middle East and Africa 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 Middle East and Africa Health economics and outcomes research (HEOR) services market
- Efficiently plan M&A and partnership deals in Middle East and Africa 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 Middle East and Africa Health economics and outcomes research (HEOR) services market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East and Africa region.
MIDDLE EAST AND AFRICA 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
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Companies Mentioned
- Axtria, Inc.
- Avalon Health Economics LLC
- PHARMALEX GMBH
- ICON PLC
- IQVIA Inc.
- McKESSON CORPORATION
- 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 Middle East and Africa Health Economics and Outcomes Research (HEOR) Services Market – By Country
2. Middle East and Africa 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. Middle East and Africa 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- Middle East and Africa PEST Analysis
4.3 Expert Opinion
5. Middle East and Africa 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 – Middle East and Africa Analysis
6.1 Middle East and Africa Health Economics and Outcomes Research (HEOR) Services Market Revenue Forecasts and Analysis
7. Middle East and Africa 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. Middle East and Africa 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. Middle East and Africa 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 Middle East & Africa: Health Economics and Outcomes Research Services (HEOR) Market
10.1.1 Overview
10.1.2 Middle East & Africa: Health Economics and Outcomes Research Services (HEOR) Market Share by Country – 2019 & 2027, (%)
10.1.3 UAE: Health Economics and Outcomes Research Services (HEOR) Market- Revenue and Forecasts to 2027 (USD Million)
10.1.3.1 UAE: Health Economics and Outcomes Research Services (HEOR) Market- Revenue and Forecasts to 2027 (USD Million)
10.1.3.2 UAE: Health Economics and Outcomes Research Services (HEOR) Market, by Service, 2018 -2027 (USD Million)
10.1.3.3 UAE: Health Economics and Outcomes Research Services (HEOR) Market, by Service Provider, 2018-2027 (USD Million)
10.1.3.4 UAE: Health Economics and Outcomes Research Services (HEOR) Market, by End User, 2018-2027 (USD Million)
10.1.4 Saudi Arabia: Health Economics and Outcomes Research Services (HEOR) Market- Revenue and Forecasts to 2027 (USD Million)
10.1.4.1 Saudi Arabia: Health Economics and Outcomes Research Services (HEOR) Market- Revenue and Forecasts to 2027 (USD Million)
10.1.4.2 Saudi Arabia: Health Economics and Outcomes Research Services (HEOR) Market, by Service, 2018 -2027 (USD Million)
10.1.4.3 Saudi Arabia: Health Economics and Outcomes Research Services (HEOR) Market, by Service Provider, 2018-2027 (USD Million)
10.1.4.4 Saudi Arabia: Health Economics and Outcomes Research Services (HEOR) Market, by End User, 2018-2027 (USD Million)
10.1.5 South Africa: Health Economics and Outcomes Research Services (HEOR) Market - Revenue and Forecasts to 2027 (USD Million)
10.1.5.1 South Africa: Health Economics and Outcomes Research Services (HEOR) Market- Revenue and Forecasts to 2027 (USD Million)
10.1.5.2 South Africa: Health Economics and Outcomes Research Services (HEOR) Market, by Service, 2018 -2027 (USD Million)
10.1.5.3 South Africa: Health Economics and Outcomes Research Services (HEOR) Market, by Service Provider, 2018-2027 (USD Million)
10.1.5.4 South Africa: Health Economics and Outcomes Research Services (HEOR) Market, by End User, 2018-2027 (USD Million)
10.1.6 Rest of Middle East and Africa: Health Economics and Outcomes Research Services (HEOR) Market - Revenue and Forecasts to 2027 (USD Million)
10.1.6.1 Rest of Middle East and Africa: Health Economics and Outcomes Research Services (HEOR) Market- Revenue and Forecasts to 2027 (USD Million)
10.1.6.2 Rest of Middle East and Africa: Health Economics and Outcomes Research Services (HEOR) Market, by Service, 2018 -2027 (USD Million)
10.1.6.3 Rest of Middle East and Africa: Health Economics and Outcomes Research Services (HEOR) Market, by Service Provider, 2018-2027 (USD Million)
10.1.6.4 Rest of Middle East and Africa: Health Economics and Outcomes Research Services (HEOR) Market, by End User, 2018-2027 (USD Million)
11. Impact Of COVID-19 Pandemic on Middle East and Africa Health Economics and Outcomes Research (HEOR) Services Market
11.1 Middle East and Africa: 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 ICON PLC
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 IQVIA Inc.
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 McKESSON CORPORATION
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 Syneos Health
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
14. Appendix
14.1 About the Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. UAE Health Economics and Outcomes Research Services (HEOR) Market, by Service– Revenue And Forecast To 2027 (USD Million)
Table 2. UAE Health Economics and Outcomes Research Services (HEOR) Market, by Service Provider – Revenue and Forecast to 2027(USD Million)
Table 3. UAE Health Economics and Outcomes Research Services (HEOR) Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 4. Saudi Arabia Health Economics and Outcomes Research Services (HEOR) Market, by Service– Revenue And Forecast To 2027 (USD Million)
Table 5. Saudi Arabia Health Economics and Outcomes Research Services (HEOR) Market, by Service Provider – Revenue and Forecast to 2027(USD Million)
Table 6. Saudi Arabia Health Economics and Outcomes Research Services (HEOR) Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 7. South Africa Health Economics and Outcomes Research Services (HEOR) Market, by Service– Revenue And Forecast To 2027 (USD Million)
Table 8. South Africa Health Economics and Outcomes Research Services (HEOR) Market, by Service Provider – Revenue and Forecast to 2027(USD Million)
Table 9. South Africa Health Economics and Outcomes Research Services (HEOR) Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 10. Rest of Middle East and Africa Health Economics and Outcomes Research Services (HEOR) Market, by Service– Revenue And Forecast To 2027 (USD Million)
Table 11. Rest of Middle East and Africa Health Economics and Outcomes Research Services (HEOR) Market, by Service Provider – Revenue and Forecast to 2027(USD Million)
Table 12. Rest of Middle East and Africa Health Economics and Outcomes Research Services (HEOR) Market, by End User – Revenue and Forecast to 2027(USD Million)
Table 13. Recent Inorganic Growth Strategies in The Health Economics and Outcomes Research Services Market
Table 14. Recent Organic Growth Strategies in The Health Economics and Outcomes Research Services Market
Table 15. 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. Middle East and Africa 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. Saudi Arabia is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Health Economics and Outcomes Research (HEOR) Services Market - Middle East and Africa PEST Analysis
Figure 6. Health Economics and Outcomes Research (HEOR) Services Market Impact Analysis of Driver and Restraints
Figure 7. Middle East and Africa 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. Middle East & Africa: Health Economics and Outcomes Research Services (HEOR) Market, By Key Country – Revenue (2019) (USD Million)
Figure 22. Middle East & Africa: Health Economics and Outcomes Research Services (HEOR) Market Share by Country – 2019 & 2027, (%)
Figure 23. UAE: Health Economics and Outcomes Research Services (HEOR) Market- Revenue and Forecasts To 2027 (USD Million)
Figure 24. Saudi Arabia: Health Economics and Outcomes Research Services (HEOR) Market- Revenue And Forecasts To 2027 (USD Million)
Figure 25. South Africa: Health Economics and Outcomes Research Services (HEOR) Market- Revenue And Forecasts To 2027 (USD Million)
Figure 26. Rest of Middle East and Africa: Health Economics and Outcomes Research Services (HEOR) Market- Revenue And Forecasts To 2027 (USD Million)
Figure 27. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 28. Growth Strategies Done by the Companies in the Market, (%)
- Axtria, Inc.
- Avalon Health Economics LLC
- PHARMALEX GMBH
- ICON PLC
- IQVIA Inc.
- McKESSON CORPORATION
- Syneos Health
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East and Africa 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 Middle East and Africa 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 Middle East and Africa 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