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)

Name: Middle East and Africa Health Economics and Outcomes Research (HEOR) Services Market
SKU: Healthcare IT
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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.

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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.

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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

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, (%)

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.
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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
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