real world data market size

The major reason for this preference is the presence of multiple standards and methods for analysing real-world clinical experience evidence. 8.3 MEDICAL DEVICE DEVELOPMENT AND APPROVALS 11.9.1 FDA APPROVALS/SERVICE ENHANCEMENTS The GDS software can easily be integrated on Android, iOS, and Web platforms. 10.5 LATIN AMERICA FIGURE 35 TOTAL E-PRESCRIPTIONS AND CONTROLLED SUBSTANCE PRESCRIPTIONS IN THE US (2018-2021) TABLE 28 REGISTRY-BASED DATA SETS OFFERED BY KEY MARKET PLAYERS 4.3 RWE SOLUTIONS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES Smart Buildings Market Size in 2022 with Top Countries Data, SWOT Analysis, Share, Top Manufactures, Growth Insights and Forecasts to 2027 | Honeywell, Siemens, Schneider Electric, Johnson Controls TABLE 39 DRUG DEVELOPMENT AND APPROVALS MARKET IN IMMUNOLOGY, BY COUNTRY, 20202027 (USD MILLION) 6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS Real-world data (RWD) gathered from various sources associated with outcomes in a heterogeneous patient population in real-world settings. 2023 MarketsandMarkets Research Private Ltd. All rights reserved, Published Date: Nov2022 | Report Code: HIT 6444, Communication and Connectivity Technology, Coatings Adhesives Sealants and Elastomers, Automotive Electronics and Electrical Equipment, Construction Technology and Sustainability, Get market data points, ranging from trend analyses to market data, Artificial Intelligence in Healthcare Market, Contract Research Organization (CRO) Services Market, Analytical and Scientific Instrumentation, Rise in the geriatric population and the subsequent increase in the prevalence of chronic diseases, Potential of RWE in reducing drug development costs and expediting the drug development process, Increased R&D spending for the development of new pharmaceutical products and medical devices, Support from regulatory bodies for the use of RWE solutions, Market Access Reimbursement/Coverage Decision Making, Pharmaceutical & Medical Device Companies. You only have access to basic statistics. Thus, it is discovered that the usage of real-world evidence (RWE) findings is growing. For instance, although payers have started using RWE, they prefer to use randomised clinical trials (RCTs) instead of external observational data to inform drug coverage decisions. Science and Research Special Topics, Recalls, Market Withdrawals and Safety Alerts, Considerations for the Design and Conduct of Externally Controlled Trials for Drug and Biological Products, Submitting Documents Using Real-World Data and Real-World Evidence to FDA for Drug and Biological Products, Framework for FDAs Real-World Evidence Program, Assessing Electronic Health Records and Medical Claims Data To Support Regulatory Decision-Making for Drug and Biological Products, Assessing Registries to Support Regulatory Decision-Making for Drug and Biological Products, Considerations for the Use of Real-World Data and Real-World Evidence To Support Regulatory Decision-Making for Drug and Biological Products, Data Standards for Drug and Biological Product Submissions Containing Real-World Data, Submitting Documents Utilizing Real-World Data and Real-World Evidence to FDA for Drugs and Biologics, Use of Electronic Health Records in Clinical Investigations, Use of Real-World Evidence to Support Regulatory Decision-Making for Medical Devices. 10.5.1 INCREASED HEALTHCARE EXPENDITURE TO SUPPORT MARKET GROWTH The diabetes segment witnessed a significant revenue share in the real world evidence solutions market in 2021. TABLE 96 FRANCE: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 54 NORTH AMERICA: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) Show publisher information 11.7.4 PARTICIPANTS Coming Soon listings are homes that will soon be on the market. FIGURE 17 SUPPORT FROM REGULATORY BODIES FOR THE USE OF RWE SOLUTIONS IS A MAJOR FACTOR DRIVING THE MARKET GROWTH The Global Real Estate market is anticipated to rise at a considerable rate during the forecast period. 6.10 KEY STAKEHOLDERS AND BUYING CRITERIA 8.2.2 CARDIOVASCULAR DISEASE There has been a consecutive trend for the rise in RWE trials, except . TABLE 187 CLINIGEN: BUSINESS OVERVIEW The study categorizes the global real world evidence solutions market based on component, application, end user at regional/country and global level. FIGURE 45 START-UP/SME EVALUATION QUADRANT (2021) TABLE 44 REAL WORLD EVIDENCE SOLUTIONS MARKET IN CLINICAL AND REGULATORY DECISION MAKING, BY COUNTRY, 20202027 (USD MILLION), 9 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER (Page No. FIGURE 22 RWE SOLUTIONS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 11.8.3 RESPONSIVE COMPANIES After arriving at the market size, the total market was divided into several segments and subsegments. TABLE 36 LIST OF PIPELINE DRUGS FOR CARDIOVASCULAR DISEASE (BY FEBRUARY 2022) 9.1 INTRODUCTION Thus, stakeholders are reluctant to utilise evidence lacking a standard data generation procedure. 5.2.1.4 Increased R&D spending for the development of new pharmaceutical products and medical devices FIGURE 24 UTILIZATION OF WEARABLES IN CLINICAL TRIALS, BY THERAPEUTIC AREA, 2019 7.3.1.5 Registry-based data sets If you are an admin, please authenticate by logging in again. 12.1 KEY PLAYERS Real-World Evidence (RWE) Solutions Market by Component [Datasets (Clinical, Claims, Pharmacy, Integrated), Services], Application (Market Access, Oncology, Neurology, Post Market Surveillance), End User (Pharma Companies, Providers) - Forecast to 2028, https://www.meticulousresearch.com/product/us-rwe-solutions-market-5243. FIGURE 39 R&D SPENDING OF PHARMA MEMBER COMPANIES, 20112020 9.5 OTHER END USERS 10.3.1.1 High pharmaceutical R&D spending in Germany to boost the market growth Similarly, RWE can accelerate label expansion and decrease the overall cost of the evidence needed for filing. A five-year forecast of the market and noted trends. FIGURE 58 CLINIGEN: COMPANY SNAPSHOT (2021) 11.9.2 DEALS TABLE 15 DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) This growth in R&D expenditure, fueled by the need for numerous preclinical and clinical services during the drug development process, is expected to drive the growth of the real world evidence solutions market. 8.2.1.1 Growing number of clinical trials focused on cancer treatment to drive growth 6.5.2.1 North America Willie is currently a sophomore at the University of Pittsburgh College of Business Administration double majoring in Finance and Business Information Systems and minoring in Economics. RWD can come from a number of sources, for. 12.1.4 ICON PLC. TABLE 35 DRUG DEVELOPMENT AND APPROVALS MARKET IN ONCOLOGY, BY COUNTRY, 20202027 (USD MILLION) Visual Data Discovery Market Size: Overview, Share, Trends with Current Market Scenario, 2027 Published: Feb. 23, 2023 at 1:20 a.m. The real estate market includes buying and selling of residential, commercial, and industrial properties such as flats, bungalows, offices and villas. TABLE 125 ASIA PACIFIC: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) In addition, both companies would be able to accelerate product development in order to ensure efficiencies in patient recruitment, engagement, access, and diversity.Sep-2021: IQVIA joined hands with HealthCore, a U.S based real-world research organization, to advance its studies regarding real-world evidence efficiently. 10.2.1.1 The US accounted for the largest share of the North American market Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025 (in zettabytes) [Graph]. 6.2 Real-World Data Sources Table 4 Indicative List of National Databases in Developed Countries 6.3 Ecosystem Analysis Figure 27 Ecosystem Coverage: Parent Market (Healthcare It Solutions) . It also helps generate broader scientific evidence and commercial insights, valuable for the pharmaceutical industry. 10.2 NORTH AMERICA 10.4.2.1 Low cost of clinical trials and large pharmaceutical R&D base in China to drive market growth Gain clarity and insights into what's happening in your target market. Through this acquisition, the company aimed at helping businesses create resilient and sustainable operations and supply chains.Oct-2019: Parexel entered into a strategic partnership with HealthVerity, Inc., the service provider for rapid creation, exchange, and management of healthcare and consumer data. TABLE 111 SPAIN: RWE MARKET, BY APPLICATION, 20202027 (USD MILLION) Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the real world evidence solutions market. Hence, a successful phase transition is dependent on strong real-world outcomes. TABLE 46 RWE SOLUTIONS MARKET FOR PHARMACEUTICAL & MEDICAL DEVICE COMPANIES, BY COUNTRY, 20202027 (USD MILLION) TABLE 149 REST OF ASIA PACIFIC: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) The healthcare companies segment witnessed the maximum revenue share in the real world evidence solutions market in 2021. The real-world evidence solutions market is segmented on the basis of component, application, end user and region. The 21st Century Cures Act, passed in 2016, places additional focus on the use of these types of data to support regulatory decision making, including approval of new indications for approved drugs. TABLE 189 VERANTOS INC.: BUSINESS OVERVIEW Please create an employee account to be able to mark statistics as favorites. - 59) The post-market safety and adverse event monitoring area are also projected to expand significantly.End-user OutlookBased on End-user, the Real World Evidence Solutions Market is segmented into Healthcare Companies, Healthcare Payers, Healthcare Providers, and Others. TABLE 32 RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) Big Data Market Size, Global Industry Forecast. Medical product developers are using RWD and RWE to support clinical trial designs (e.g., large simple trials, pragmatic clinical trials) and observational studies to generate innovative, new treatment approaches. Who will be your Top Customer; what will make them switch? TABLE 103 ITALY: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) A breakdown of the primary respondents is provided below: Note 1: C-level primaries include CEOs, COOs, CTOs, and VPs. TABLE 65 CANADA: MACROECONOMIC INDICATORS TABLE 30 INTEGRATED DATA SETS OFFERED BY KEY MARKET PLAYERS TOP 10 COMPANIES IN REAL-WORLD DATA (RWD) MARKET 0 By Meticulous Research on December 12, 2022 Healthcare, Pharmaceutical According to this latest publication from Meticulous Research, the real-world data (RWD) market is expected to register a CAGR of 7.4% from 2022 to 2029 to reach $1.66 billion by 2029. As a Premium user you get access to the detailed source references and background information about this statistic. TABLE 101 ITALY: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) TABLE 80 GERMANY: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) A paid subscription is required for full access. RWE data is needed for new drugs to successfully pass through clinical phases. 11.8.2 STARTING BLOCKS - 50) TABLE 9 REAL WORLD EVIDENCE SOLUTIONS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 12.1.18 CEGEDIM HEALTH DATA 2.1 RESEARCH DATA The RWE Solutions Market is expected to grow at a CAGR of 11.8% from 2022 to 2029 to reach $4.93 billion by 2029. TABLE 118 REST OF EUROPE: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) Communications, Media and Entertainment. Profit from the additional features of your individual account. TABLE 102 ITALY: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) The global Real World Evidence Solutions Market size was valued at $1.4 billion in 2021, and is projected to reach $5 billion by 2031, growing at a CAGR of 13.7% from 2022 to 2031. TABLE 94 FRANCE: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) For example, the role of RWE in drug development is expanding as RWE studies are significantly less costly and time-consuming than RCTs, providing easier access to long-term effectiveness data and helping overcome some of the feasibility barriers of running RCTs. 4.5 RWE SOLUTIONS MARKET: DEVELOPED VS. 8.2.5 OTHER THERAPEUTIC AREAS TABLE 122 ASIA PACIFIC: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) Additionally, the adoption of RWE in the pharmaceutical industry continues to increase due to its use in meeting regulatory compliance requirements as well as payer demands related to HEOR. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). 10.3.1 GERMANY Between 2018 and 2025 the size of real-time data in the global datasphere is expected to expand tenfold, from five zettabytes to 51 zettabytes. The size of the professionally managed real estate market also continued to grow in 2021, rising to USD 11.4 trillion from USD 10.5 trillion in 2020. Businesses require robust evidence lifecycle management skills to demonstrate value. 10.3.5.1 Rising R&D expenditure to propel market growth in Spain FDA Announces New Funding Opportunity for Using Real-World Data to Generate Real-World Evidence in Regulatory Decision-Making, FDA Issues Draft Guidances on Real-World Evidence, Prepares to Publish More in Future, FDA Clinical Investigator Training Course, Real-World Evidence- Dec 2021, FDA Approves New Use of Transplant Drug Based on Real-World Evidence, FDA Announces 4 Grant Awards for Projects Exploring the Use of Real-World Data to Generate Real-World Evidence in Regulatory Decision-Making, CDER Small Business and Industry Assistance Webinar: Framework for FDAs Real-World Evidence Program - Mar 15, 2019, CDERMedicalPolicy-RealWorldEvidence@fda.hhs.gov. 10.4 ASIA PACIFIC TABLE 107 SPAIN: MACROECONOMIC INDICATORS Real-World Evidence (RWE) Solutions market is split by Type and by Application for the period 2022-2030, the growth among segments provides accurate artifices and forecasts for sales by Type and . TABLE 128 JAPAN: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) This is a record-breaking level of inflows, which raises the question: what are investors buying? The analysis of the collected data generates real-world evidence, which, in turn, helps in retrospective studies and provides meaningful insights into unmet needs and the clinical and economic impacts on patients and healthcare systems. 2.6 RISK ASSESSMENT RWD provides supporting evidence for diseases with small size populations and rare cancers. 8.6 CLINICAL AND REGULATORY DECISION MAKING TABLE 74 EUROPE: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. The global market of real world evidence solutions is projected to reach USD 2.9 billion. 6.1 INDUSTRY TRENDS The global Big Data market size is expected to reach from USD 157.9 billion in 2020 to USD 268.4 billion by 2026, at a CAGR of about 12% over the forecast period. In turn, this has increased the possibility of using an end-to-end strategy to leverage a life sciences organizations data, proof, and knowledge resources. TABLE 53 NORTH AMERICA: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 185 PERKINELMER INC.: BUSINESS OVERVIEW 11.1 OVERVIEW FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS With this acquisition, the company aimed to strengthen its software portfolio through automation, data, and AI in order to address the full spectrum of observability.Nov-2021: PerkinElmer unveiled PKeye, a workflow monitor platform for remotely managing and monitoring workflows. The healthcare landscape is continuously developing and shifting towards value-based care from volume-based care. TABLE 182 AETION INC.: BUSINESS OVERVIEW As a result, the demand for RWE services is higher in comparison to RWE data sets. 10.4.3.1 Growing adoption of outcomes-based research among pharmaceutical and medical device manufacturers in India to drive market growth To speak to our analyst for a discussion on the above findings, click Speak to Analyst, 1 INTRODUCTION (Page No. 4.4 REGIONAL MIX: REAL WORLD EVIDENCE SOLUTIONS MARKET (20222027) FIGURE 8 CAGR PROJECTIONS: OVERALL RWE SOLUTIONS MARKET FIGURE 30 TOP APPLICANTS & OWNERS (COMPANIES/INSTITUTIONS) FOR MEDICAL SIMULATION PATENTS (JANUARY 2011 TO JUNE 2021) TABLE 20 CLINICAL SETTINGS DISPARATE DATA SETS MARKET, BY COUNTRY, 20202027 (USD MILLION) TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS - 81) TABLE 89 UK: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) TABLE 176 PAREXEL INTERNATIONAL CORPORATION: BUSINESS OVERVIEW 12.1.1 IQVIA HOLDINGS INC. Special focus: On-premises vs cloud storage, Quarterly smartphone market share worldwide by vendor 2009-2022, Apple iPhone unit sales worldwide 2007-2018, by quarter, Global market share held by smartphone operating systems 2009-2018, by quarter, Virtual reality (VR) - statistics & facts, Research expert covering global developments in the use of data, Profit from additional features with an Employee Account. TOP-LEVEL FINDINGS. An official website of the United States government, : These marketplaces and exchanges provide centralized availability and access (to X analytics and other unique data sets, for example) that create economies of scale to reduce costs for third-party data. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. TABLE 159 LATIN AMERICA: REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION) 5.2 MARKET DYNAMICS 11.3 REVENUE SHARE ANALYSIS OF KEY PLAYERS Domain News - Provides the latest real estate and property market news in Australia. Since their creation in 1960, REITs have . FIGURE 52 LABCORP HOLDINGS: COMPANY SNAPSHOT (2021) 10.3.2.1 The growing adoption of HTA in the UK supports market growth Purpose: There is a need to develop hybrid trial methodology combining the best parts of traditional randomized controlled trials (RCTs) and observational study designs to produce real-world evidence (RWE) that provides adequate scientific evidence for regulatory decision-making. Annual size of real time data in the. FIGURE 31 JURISDICTION ANALYSIS: TOP APPLICANT COUNTRIES FOR RWE SOLUTIONS, 20162021 TABLE 134 CHINA: MACROECONOMIC INDICATORS 10.6 MIDDLE EAST & AFRICA TABLE 165 MIDDLES EAST & AFRICA: RWE SOLUTIONS MARKET, BY END USER, 20202027 (USD MILLION), 11 COMPETITIVE LANDSCAPE (Page No. FIGURE 15 REAL WORLD EVIDENCE SOLUTIONS MARKET, BY END USER, 2022 VS. 2027 (USD MILLION) To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed wherever applicable. TABLE 7 JAPAN: HEALTHCARE IT INITIATIVES AND FUNDING At USD 4.6 trillion this was an increase of 12.9% from 2020. - 257) TABLE 4 INDICATIVE LIST OF NATIONAL DATABASES IN DEVELOPED COUNTRIES The increasing prevalence of chronic diseases, stringent regulations for drug approvals, implementation of the 21st Century Cures Act, availability of electronic datasets, advanced healthcare industry, and rising big data in healthcare are the major factors responsible for the largest market share of North America. TABLE 179 ORACLE CORPORATION: BUSINESS OVERVIEW TABLE 66 CANADA: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) Feb 03, 2023 (The Expresswire) -- Platinum Catalyst Market Size is projected to Reach Multimillion USD by 2029, In comparison to 2022, at unexpected CAGR during the forecast Period 2023-2029 . ReportLinker TABLE 190 MEDPACE HOLDINGS INC.: BUSINESS OVERVIEW The job market has remained resilient through 2022 with employers still seeking to hire despite an uncertain economic outlook and elevated recession fears. 13.3 CUSTOMIZATION OPTIONS This is because pharmaceuticals and biotech companies are becoming more aware of the potential value of RWE in life-cycle management and drug development, as well as how it can lower the cost of clinical trials and boost innovation efficiency.COVID-19 Impact AnalysisThe infectious coronavirus could economically impact most industries, including the pharmaceutical sector. FIGURE 55 SAS INSTITUTE: COMPANY SNAPSHOT (2021) TABLE 87 UK: RWE SOLUTIONS MARKET, BY COMPONENT, 20202027 (USD MILLION) 8.2 DRUG DEVELOPMENT AND APPROVALS TABLE 97 FRANCE: RWE SOLUTIONS MARKET, BY APPLICATION, 20202027 (USD MILLION) 7.3.1.1 Clinical settings data set 9.2 PHARMACEUTICAL & MEDICAL DEVICE COMPANIES Currently, you are using a shared account. Northern Virginia, the largest data center market in the world, encountered an unprecedented multi-year pause on development in certain submarkets, as utility companies work to address a massive . GWI projects that spa revenues will recover quickly to pre-pandemic levels and will reach $151 billion in 2025. 2.1.2 PRIMARY DATA 6.9 KEY CONFERENCES AND EVENTS (2022-2023) Thus, a tendency toward patient-centered virtual care and digitalization is being observed in the industry. It was also used to obtain important information about the key players, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. 2.1.1.1 Key data from secondary sources 6.1.4 INTERNAL VS. OUTSOURCED RWE ANALYTICS APPROACH The acquisition would enhance Syneos Healths ability to provide technology-enabled, insight-powered solutions. 13.5 AUTHOR DETAILS. TABLE 61 US: DISPARATE DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) Poor data quality costs the US economy up to $3.1 trillion yearly. 12.1.8 LABCORP HOLDINGS 6.1.1 EMERGING ROLE OF WEARABLE DEVICES TABLE 91 UK: RWE SOLUTIONS IN DRUG DEVELOPMENT AND APPROVALS MARKET, BY TYPE, 20202027 (USD MILLION) 13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL TABLE 109 SPAIN: RWE SOLUTIONS DATA SETS MARKET, BY TYPE, 20202027 (USD MILLION) As a result, an opportunity for an end-to-end approach to leverage the data, evidence, and knowledge assets of a life sciences organisation has been created, which is helping to break down the conventional silos and is enabling insight-driven decision-making from the phase of product R&D to its commercialization. FIGURE 53 ORACLE CORPORATION: COMPANY SNAPSHOT (2021) 6.1.3 RISE IN THE USE OF RWD AND RWE ACROSS THE PHARMACEUTICAL INDUSTRY Ltd. in 2013 as a private limited company under the Companies Act, 1956. Sale data for U.S. stock quotes reflect trades reported through Nasdaq only a five-year forecast of the and... Volume-Based care higher in comparison to RWE data is needed for new drugs to pass... Thus, it is discovered that the usage of real-world evidence ( RWE ) findings growing... Noted trends evidence solutions is projected to reach USD 2.9 billion table 189 VERANTOS:! Usd 4.6 trillion this was an increase of 12.9 % from 2020 Big data Size... For this preference is the presence of multiple standards and methods for analysing real-world experience. At USD 4.6 trillion this was an increase of 12.9 % from 2020 in. Sale data for U.S. stock quotes reflect trades reported through Nasdaq only projected to USD... Business OVERVIEW as a result, the demand for RWE services is higher in comparison to RWE sets! Pre-Pandemic levels and will reach $ 151 billion in 2025 reach $ 151 in! Solutions market is segmented on the basis of component, application, 20202027 ( USD MILLION ) data! 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