North America 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)

TIPRE00024235 | Pages: 122 | 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 outbreak has highly affected the North American region. At present, the majority of the pharmaceutical companies and research institutes are engaged in the development of COVID-19 vaccines. The COVID-19 crisis has highlighted the use of real-world evidence (RWE) in the pharmaceutical industry. The FDA also acknowledge value of using RWD to understand COVID-19 and to assess potential re-purposed treatments being used in practice. A prominent example of RWE-data is Pfizer’s Ibrance, which is used for breast cancer and had undergone trials only for women. The HEOR services help governments to provide economic data on the burden of disease, the cost effectiveness of vaccines and the projected implementation costs of immunization programs to reach universal health coverage. Evidence on evaluating infectious disease and economic impact of vaccination is critical in informing national decision makers on the allocation of limited resources and in prioritizing interventions in the health sector. Thus, the demand of HEOR services is expected to remain high in the region.

 

 


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Market Overview and Dynamics

The health economics and outcomes research (HEOR) services market in North America is expected to grow from US$ 548.8 million in 2020 to US$ 1,253.4 million by 2027; it is estimated to grow at a CAGR of 12.5% from 2020 to 2027. Precision medicine is an emerging segment in the healthcare industry. Various research and developments and progress are made, which have shown promises for betterment of people and improving their quality of life. 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 the new insights of personalized or precision medicines applications in early drug development and their consequences for health technology assessment. Thus, considering the above-mentioned factors, there are broader 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. Thus, emergence of precision medicine is expected to provide vital growth opportunities for the market during the forecast period.

 

Key Market Segments

In terms of service, the clinical outcome segment accounted for the largest share of the North America 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 North America 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 North America 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, MEDLIOR, PHARMALEX GMBH, Analysis Group, ICON PLC, IQVIA Inc., McKESSON CORPORATION, Syneos Health, and Optum, Inc.

 

Reasons to buy report

  • To understand the North America 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 North America Health economics and outcomes research (HEOR) services market
  • Efficiently plan M&A and partnership deals in North America 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 North America Health economics and outcomes research (HEOR) services market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

 

NORTH AMERICA 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

  • North America
    • US
    • Canada
    • Mexico

 

 

Companies Mentioned

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

 

 

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        North America Health Economics and Outcomes Research (HEOR) Services Market – By Country

2.           North America 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.           North America 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- North America PEST Analysis

4.3         Expert Opinion

5.           North America 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 – North America Analysis

6.1         North America Health Economics and Outcomes Research (HEOR) Services Market Revenue Forecasts and Analysis

7.           North America 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.           North America 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.           North America 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      North America: Health Economics and Outcomes Research (HEOR) Services Market

10.1.1     Overview

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

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

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

10.1.3.2       US: Health Economics and Outcomes Research (HEOR) Services Market, by Service, 2018–2027 (USD Million)

10.1.3.3       US: Health Economics and Outcomes Research (HEOR) Services Market, by Service Provider, 2018–2027 (USD Million)

10.1.3.4       US: Health Economics and Outcomes Research (HEOR) Services Market, by End User, 2018–2027 (Million Units)

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

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

10.1.4.2       Canada: Health Economics and Outcomes Research (HEOR) Services Market, by Service, 2018–2027 (USD Million)

10.1.4.3       Canada: Health Economics and Outcomes Research (HEOR) Services Market, by Service Provider, 2018–2027 (USD Million)

10.1.4.4       Canada: Health Economics and Outcomes Research (HEOR) Services Market, by End User, 2018–2027 (Million Units)

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

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

10.1.5.2       Mexico: Health Economics and Outcomes Research (HEOR) Services Market, by Service, 2018–2027 (USD Million)

10.1.5.3       Mexico: Health Economics and Outcomes Research (HEOR) Services Market, by Service Provider, 2018–2027 (USD Million)

10.1.5.4       Mexico: Health Economics and Outcomes Research (HEOR) Services Market, by End User, 2018–2027 (Million Units)

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

11.1      North America: 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      MEDLIOR

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      PHARMALEX GMBH

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      Analysis Group

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      ICON PLC

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      IQVIA Inc.

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      McKESSON CORPORATION

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

13.9      Syneos Health

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10   Optum, Inc. (UnitedHealth Group Incorporated)

13.10.1  Key Facts

13.10.2  Business Description

13.10.3  Products and Services

13.10.4  Financial Overview

13.10.5  SWOT Analysis

13.10.6  Key Developments

14.        Appendix

14.1      About the Insight Partners

14.2      Glossary of Terms

 


LIST OF TABLES

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

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

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

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

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

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

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

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

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

Table 10.          Recent Inorganic Growth Strategies in The Health Economics and Outcomes Research Services Market

Table 11.          Recent Organic Growth Strategies in The Health Economics and Outcomes Research Services Market

Table 12.          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.           North America 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.           US is Expected to Show Remarkable Growth During the Forecast Period

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

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

Figure 7.           North America 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.        North America: Health Economics and Outcomes Research (HEOR) Services Market, by Key Country – Revenue (2019) (USD Million)

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

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

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

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

Figure 26.        Impact of COVID-19 Pandemic in North American Country Markets

Figure 27.        Growth Strategies Done by the Companies in the Market, (%)

 

  1. Axtria, Inc.
  2. Avalon Health Economics LLC
  3. MEDLIOR
  4. PHARMALEX GMBH
  5. Analysis Group
  6. ICON PLC
  7. IQVIA Inc.
  8. McKESSON CORPORATION
  9. Syneos Health
  10. Optum, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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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