Global Health Economics And Outcomes Research Services Market

Global Health Economics and Outcomes Research Services Market is valued at USD 1.75 Bn, fueled by rising chronic diseases, tech advancements, and value-based care adoption for evidence-based decisions.

Region:Global

Author(s):Geetanshi

Product Code:KRAD0142

Pages:85

Published On:August 2025

About the Report

Base Year 2024

Global Health Economics And Outcomes Research Services Market Overview

  • The Global Health Economics and Outcomes Research Services Market is valued at USD 1.75 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing demand for cost-effective healthcare solutions, the rising prevalence of chronic diseases, and the need for evidence-based decision-making in healthcare policies. The market is also influenced by advancements in technology and data analytics, which enhance the efficiency of health economics studies. Key growth drivers include the surge in real-world evidence generation, growing R&D investments by pharmaceutical and biotech companies, and the adoption of value-based care models .
  • Key players in this market include the United States, Germany, and the United Kingdom, which dominate due to their robust healthcare systems, significant investments in research and development, and a high concentration of pharmaceutical and biotechnology companies. These countries have established regulatory frameworks that support health economics and outcomes research, facilitating innovation and collaboration among stakeholders .
  • In 2023, the U.S. government implemented the Inflation Reduction Act, which includes provisions for health economics assessments to evaluate the cost-effectiveness of new drugs and therapies. This regulation aims to ensure that healthcare spending is aligned with value-based care principles, promoting the use of health economics and outcomes research services in decision-making processes .
Global Health Economics And Outcomes Research Services Market Size

Global Health Economics And Outcomes Research Services Market Segmentation

By Type:The market is segmented into various types, including Cost-Effectiveness Analysis, Budget Impact Analysis, Health Technology Assessment (HTA), Real-World Evidence (RWE) Generation, Patient-Reported Outcomes (PROs), Market Access & Reimbursement Services, Epidemiology & Burden of Disease Studies, and Others. Among these, Cost-Effectiveness Analysis is the leading sub-segment, driven by its critical role in evaluating the economic value of healthcare interventions. The increasing focus on value-based healthcare and the need for efficient resource allocation have further propelled its demand.

Global Health Economics And Outcomes Research Services Market segmentation by Type.

By End-User:The end-user segmentation includes Pharmaceutical Companies, Biotechnology Firms, Medical Device Manufacturers, Healthcare Providers, Payers and Insurers, Academic & Research Institutions, Contract Research Organizations (CROs), and Others. Pharmaceutical Companies are the dominant end-user segment, as they heavily rely on health economics and outcomes research to support drug development and market access strategies. The increasing pressure on pharmaceutical companies to demonstrate the value of their products has led to a surge in demand for these services.

Global Health Economics And Outcomes Research Services Market segmentation by End-User.

Global Health Economics And Outcomes Research Services Market Competitive Landscape

The Global Health Economics And Outcomes Research Services Market is characterized by a dynamic mix of regional and international players. Leading participants such as IQVIA, Optum (UnitedHealth Group), Evidera (PPD, part of Thermo Fisher Scientific), ICON plc, Syneos Health, Parexel International, Kantar Health (Cerner Enviza, an Oracle company), Analysis Group, Aetion, McKesson Corporation, ZS Associates, Clarivate, Health Economics Consulting (University of East Anglia), Boston Healthcare Associates, PharmaLex GmbH, Axtria, Inc. contribute to innovation, geographic expansion, and service delivery in this space.

IQVIA

2016

Durham, North Carolina, USA

Optum (UnitedHealth Group)

1994

Minneapolis, Minnesota, USA

Evidera (PPD, part of Thermo Fisher Scientific)

2014

Rockville, Maryland, USA

ICON plc

1990

Dublin, Ireland

Syneos Health

2018

Morrisville, North Carolina, USA

Company

Establishment Year

Headquarters

Company Size (Large, Medium, Small)

Global Revenue from HEOR Services

CAGR (HEOR Segment, 3-5 Years)

Geographic Presence (Number of Countries/Regions)

Number of HEOR Projects Delivered Annually

Service Portfolio Breadth (Service Diversification Index)

Global Health Economics And Outcomes Research Services Market Industry Analysis

Growth Drivers

  • Increasing Demand for Cost-Effectiveness Analysis:The global healthcare expenditure is projected to reach $12 trillion in future, driving the need for cost-effectiveness analysis in health economics. This analysis helps stakeholders make informed decisions regarding resource allocation. As healthcare costs rise, organizations are increasingly seeking evidence-based evaluations to justify expenditures, leading to a surge in demand for health economics services. The emphasis on optimizing healthcare spending is expected to significantly boost the market for these services.
  • Rising Focus on Value-Based Healthcare:The shift towards value-based healthcare is reshaping the industry, with the U.S. healthcare system alone projected to save $350 billion annually in future through improved patient outcomes. This model emphasizes quality over quantity, necessitating robust health economics and outcomes research services to assess the effectiveness of treatments. As healthcare providers and payers prioritize value, the demand for services that evaluate health outcomes and economic impact will continue to grow, enhancing market prospects.
  • Expansion of Pharmaceutical and Biotech Industries:The pharmaceutical and biotech sectors are expected to invest over $250 billion in research and development in future, fueling the need for health economics services. As these industries expand, they require comprehensive evaluations of drug efficacy and economic viability to support regulatory submissions and market access strategies. This growth will create significant opportunities for health economics and outcomes research services, as companies seek to demonstrate the value of their innovations to stakeholders.

Market Challenges

  • High Costs of Research Services:The average cost of conducting health economics research can exceed $120,000 per study, posing a significant barrier for smaller organizations and startups. These high costs can limit access to essential services, particularly for entities with constrained budgets. As a result, many stakeholders may opt for less comprehensive analyses, potentially undermining the quality of decision-making in healthcare investments and policy formulation.
  • Regulatory Hurdles and Compliance Issues:Navigating the complex regulatory landscape can be challenging, with compliance costs reaching up to $60 million for large-scale clinical trials. These hurdles can delay the implementation of health economics studies and increase the overall time to market for new therapies. As regulations evolve, organizations must invest in compliance strategies, which can divert resources away from core research activities, hindering market growth.

Global Health Economics And Outcomes Research Services Market Future Outlook

The future of health economics and outcomes research services is poised for significant transformation, driven by technological advancements and evolving healthcare paradigms. The integration of artificial intelligence and machine learning is expected to enhance data analysis capabilities, improving the accuracy of cost-effectiveness evaluations. Additionally, the increasing emphasis on patient-centric approaches will further shape research methodologies, ensuring that outcomes align with patient needs and preferences. As these trends unfold, the market will likely experience robust growth and innovation.

Market Opportunities

  • Increasing Investment in Healthcare R&D:With global healthcare R&D spending projected to exceed $250 billion in future, there is a substantial opportunity for health economics services to support innovative research initiatives. This investment will drive demand for comprehensive evaluations of new therapies, creating a favorable environment for service providers to expand their offerings and enhance their market presence.
  • Growth of Digital Health Technologies:The digital health market is expected to reach $600 billion in future, presenting opportunities for health economics services to evaluate the economic impact of digital solutions. As telehealth and mobile health applications proliferate, the need for rigorous assessments of their effectiveness and cost-efficiency will grow, allowing service providers to capitalize on this expanding segment.

Scope of the Report

SegmentSub-Segments
By Type

Cost-Effectiveness Analysis

Budget Impact Analysis

Health Technology Assessment (HTA)

Real-World Evidence (RWE) Generation

Patient-Reported Outcomes (PROs)

Market Access & Reimbursement Services

Epidemiology & Burden of Disease Studies

Others

By End-User

Pharmaceutical Companies

Biotechnology Firms

Medical Device Manufacturers

Healthcare Providers

Payers and Insurers

Academic & Research Institutions

Contract Research Organizations (CROs)

Others

By Service Type

Consulting & Advisory Services

Data Analytics & Modeling Services

Evidence Synthesis & Systematic Reviews

Value Dossier & HTA Submission Support

Training and Support Services

Others

By Region

North America

Europe

Asia-Pacific

Latin America

Middle East and Africa

Others

By Project Duration

Short-Term Projects

Medium-Term Projects

Long-Term Projects

Others

By Pricing Model

Fixed Pricing

Hourly Billing

Retainer Agreements

Performance-Based Pricing

Others

By Client Type

Public Sector Clients

Private Sector Clients

Non-Profit Organizations

Others

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., World Health Organization, Food and Drug Administration)

Pharmaceutical Companies

Biotechnology Firms

Health Insurance Providers

Healthcare Providers and Systems

Public Health Organizations

Medical Device Manufacturers

Players Mentioned in the Report:

IQVIA

Optum (UnitedHealth Group)

Evidera (PPD, part of Thermo Fisher Scientific)

ICON plc

Syneos Health

Parexel International

Kantar Health (Cerner Enviza, an Oracle company)

Analysis Group

Aetion

McKesson Corporation

ZS Associates

Clarivate

Health Economics Consulting (University of East Anglia)

Boston Healthcare Associates

PharmaLex GmbH

Axtria, Inc.

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. Global Health Economics And Outcomes Research Services Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 Global Health Economics And Outcomes Research Services Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. Global Health Economics And Outcomes Research Services Market Analysis

3.1 Growth Drivers

3.1.1 Increasing Demand for Cost-Effectiveness Analysis
3.1.2 Rising Focus on Value-Based Healthcare
3.1.3 Expansion of Pharmaceutical and Biotech Industries
3.1.4 Growing Adoption of Real-World Evidence

3.2 Market Challenges

3.2.1 High Costs of Research Services
3.2.2 Regulatory Hurdles and Compliance Issues
3.2.3 Limited Awareness Among Stakeholders
3.2.4 Data Privacy and Security Concerns

3.3 Market Opportunities

3.3.1 Increasing Investment in Healthcare R&D
3.3.2 Growth of Digital Health Technologies
3.3.3 Expansion into Emerging Markets
3.3.4 Collaborations with Academic Institutions

3.4 Market Trends

3.4.1 Shift Towards Patient-Centric Approaches
3.4.2 Integration of AI and Machine Learning
3.4.3 Emphasis on Longitudinal Studies
3.4.4 Increased Use of Telehealth Services

3.5 Government Regulation

3.5.1 Guidelines for Health Technology Assessment
3.5.2 Regulations on Data Collection and Usage
3.5.3 Policies Supporting Value-Based Care Models
3.5.4 Compliance Standards for Clinical Trials

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. Global Health Economics And Outcomes Research Services Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. Global Health Economics And Outcomes Research Services Market Segmentation

8.1 By Type

8.1.1 Cost-Effectiveness Analysis
8.1.2 Budget Impact Analysis
8.1.3 Health Technology Assessment (HTA)
8.1.4 Real-World Evidence (RWE) Generation
8.1.5 Patient-Reported Outcomes (PROs)
8.1.6 Market Access & Reimbursement Services
8.1.7 Epidemiology & Burden of Disease Studies
8.1.8 Others

8.2 By End-User

8.2.1 Pharmaceutical Companies
8.2.2 Biotechnology Firms
8.2.3 Medical Device Manufacturers
8.2.4 Healthcare Providers
8.2.5 Payers and Insurers
8.2.6 Academic & Research Institutions
8.2.7 Contract Research Organizations (CROs)
8.2.8 Others

8.3 By Service Type

8.3.1 Consulting & Advisory Services
8.3.2 Data Analytics & Modeling Services
8.3.3 Evidence Synthesis & Systematic Reviews
8.3.4 Value Dossier & HTA Submission Support
8.3.5 Training and Support Services
8.3.6 Others

8.4 By Region

8.4.1 North America
8.4.2 Europe
8.4.3 Asia-Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
8.4.6 Others

8.5 By Project Duration

8.5.1 Short-Term Projects
8.5.2 Medium-Term Projects
8.5.3 Long-Term Projects
8.5.4 Others

8.6 By Pricing Model

8.6.1 Fixed Pricing
8.6.2 Hourly Billing
8.6.3 Retainer Agreements
8.6.4 Performance-Based Pricing
8.6.5 Others

8.7 By Client Type

8.7.1 Public Sector Clients
8.7.2 Private Sector Clients
8.7.3 Non-Profit Organizations
8.7.4 Others

9. Global Health Economics And Outcomes Research Services Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Company Size (Large, Medium, Small)
9.2.3 Global Revenue from HEOR Services
9.2.4 CAGR (HEOR Segment, 3-5 Years)
9.2.5 Geographic Presence (Number of Countries/Regions)
9.2.6 Number of HEOR Projects Delivered Annually
9.2.7 Service Portfolio Breadth (Service Diversification Index)
9.2.8 Key Therapeutic Areas Covered
9.2.9 Client Retention Rate
9.2.10 Average Project Value
9.2.11 Innovation Index (e.g., Use of AI, RWE Capabilities)
9.2.12 Client Satisfaction Score (Net Promoter Score or Equivalent)
9.2.13 Regulatory Compliance Track Record

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 IQVIA
9.5.2 Optum (UnitedHealth Group)
9.5.3 Evidera (PPD, part of Thermo Fisher Scientific)
9.5.4 ICON plc
9.5.5 Syneos Health
9.5.6 Parexel International
9.5.7 Kantar Health (Cerner Enviza, an Oracle company)
9.5.8 Analysis Group
9.5.9 Aetion
9.5.10 McKesson Corporation
9.5.11 ZS Associates
9.5.12 Clarivate
9.5.13 Health Economics Consulting (University of East Anglia)
9.5.14 Boston Healthcare Associates
9.5.15 PharmaLex GmbH
9.5.16 Axtria, Inc.

10. Global Health Economics And Outcomes Research Services Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Budget Allocation Trends
10.1.2 Decision-Making Processes
10.1.3 Preferred Service Providers

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Investment Priorities
10.2.2 Spending Patterns
10.2.3 Impact of Economic Conditions

10.3 Pain Point Analysis by End-User Category

10.3.1 Challenges Faced by Pharmaceutical Companies
10.3.2 Issues Encountered by Healthcare Providers
10.3.3 Concerns of Payers and Insurers

10.4 User Readiness for Adoption

10.4.1 Awareness Levels
10.4.2 Training Needs
10.4.3 Technology Acceptance

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Measurement of Success
10.5.2 Case Studies of Successful Implementations
10.5.3 Future Expansion Plans

11. Global Health Economics And Outcomes Research Services Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Business Model Framework


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs


3. Distribution Plan

3.1 Urban Retail Strategies

3.2 Rural NGO Tie-Ups


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands


5. Unmet Demand & Latent Needs

5.1 Category Gaps

5.2 Consumer Segments


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-Sales Service


7. Value Proposition

7.1 Sustainability

7.2 Integrated Supply Chains


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding

8.3 Distribution Setup


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix
9.1.2 Pricing Band
9.1.3 Packaging

9.2 Export Entry Strategy

9.2.1 Target Countries
9.2.2 Compliance Roadmap

10. Entry Mode Assessment

10.1 Joint Ventures

10.2 Greenfield Investments

10.3 Mergers & Acquisitions

10.4 Distributor Model


11. Capital and Timeline Estimation

11.1 Capital Requirements

11.2 Timelines


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-Term Sustainability


14. Potential Partner List

14.1 Distributors

14.2 Joint Ventures

14.3 Acquisition Targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Milestone Planning
15.2.2 Activity Tracking

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of published reports from global health organizations and economic journals
  • Review of market trends and forecasts from industry-specific databases and publications
  • Examination of regulatory frameworks and health policies impacting health economics

Primary Research

  • Interviews with health economists and policy analysts in leading healthcare institutions
  • Surveys targeting healthcare providers and payers to gather insights on outcomes research
  • Focus groups with stakeholders in pharmaceutical and biotechnology sectors

Validation & Triangulation

  • Cross-validation of findings through multiple data sources including academic literature
  • Triangulation of qualitative insights from interviews with quantitative data from surveys
  • Sanity checks conducted through expert panel reviews and feedback sessions

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of market size based on global healthcare expenditure and economic indicators
  • Segmentation of the market by service type, including pharmacoeconomics and outcomes measurement
  • Incorporation of demographic trends and disease prevalence data into market analysis

Bottom-up Modeling

  • Collection of firm-level data from leading health economics and outcomes research firms
  • Operational cost analysis based on service pricing and project scope
  • Volume x cost calculations for various service offerings in the market

Forecasting & Scenario Analysis

  • Multi-factor regression analysis incorporating healthcare policy changes and economic growth
  • Scenario modeling based on potential shifts in healthcare funding and technology adoption
  • Development of baseline, optimistic, and pessimistic forecasts through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Pharmacoeconomic Studies100Health Economists, Policy Makers
Outcomes Research in Oncology80Oncologists, Clinical Researchers
Cost-Effectiveness Analysis60Healthcare Analysts, Financial Officers
Patient-Reported Outcomes70Patient Advocates, Survey Methodologists
Health Technology Assessment50HTA Assessors, Regulatory Affairs Specialists

Frequently Asked Questions

What is the current value of the Global Health Economics and Outcomes Research Services Market?

The Global Health Economics and Outcomes Research Services Market is valued at approximately USD 1.75 billion, driven by the increasing demand for cost-effective healthcare solutions and the rising prevalence of chronic diseases.

What factors are driving the growth of the Health Economics and Outcomes Research Services Market?

Which countries are leading in the Health Economics and Outcomes Research Services Market?

How does the Inflation Reduction Act impact the Health Economics and Outcomes Research Services Market?

Other Regional/Country Reports

Indonesia Global Health Economics And Outcomes Research Services Market

Malaysia Global Health Economics And Outcomes Research Services Market

KSA Global Health Economics And Outcomes Research Services Market

APAC Global Health Economics And Outcomes Research Services Market

SEA Global Health Economics And Outcomes Research Services Market

Vietnam Global Health Economics And Outcomes Research Services Market

Why Buy From Us?

Refine Robust Result (RRR) Framework
Refine Robust Result (RRR) Framework

What makes us stand out is that our consultants follow Robust, Refine and Result (RRR) methodology. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents' facts and opinions, and Result for presenting data with story.

Our Reach Is Unmatched
Our Reach Is Unmatched

We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.

Shifting the Research Paradigm
Shifting the Research Paradigm

While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.

More Insights-Better Decisions
More Insights-Better Decisions

With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.

Transparency and Trust
Transparency and Trust

Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.

Round the Clock Support
Round the Clock Support

If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.

Why Clients Choose Us?

400000+
Reports in repository
150+
Consulting projects a year
100+
Analysts
8000+
Client Queries in 2022