Projected Market Value for Health Economics and Outcomes Research Services Could Reach $2 Billion by 2028

Analysis by Global Market Insights Inc. indicates that the health economics and outcomes research (HEOR) services market could grow to $2 billion by 2028. Pharma and biotech firms are increasingly relying on outsourced HEOR services to drive clinical research at all stages of development. HEOR has been successfully used to accelerate drug development and reduce costs for companies.

According to Global Market Insights, “Clinical outcome segment crossed USD 304 million in 2021. The demand for clinical outcome has increased as it allows patients to assess their own health and quality of life. It also helps in examining the treatment’s efficacy, morbidity, mortality, and function. Such aforementioned factors will propel the segmental demand in the projected timeline.”

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(Source: Global Markets Insights, February 22^nd, 2022)