Personalized Medicine - Real World Evidence

Real-world evidence is health information collected from various sources that is used in personalized medicine, allowing doctors to make more informed decisions about patient care.

What is Real World Evidence?

Real-world evidence is defined as data or health information collected from various sources, such as electronic health records, medical claims, and patient-generated data. This data is called evidence because it is generated by analyzing Real-world data from diverse sources, that help doctors to make more informed decisions about patient care or treatments.

How is Real-World Evidence Used?

Real-world evidence helps us learn more about how medical treatments work and affect people's health in everyday life. It helps in several ways:

• Understanding Medical Products: Real-world evidence helps us understand medical products and how they affect health in daily life.
• Evaluating Outcomes: Researchers use real-world data to check if certain medical products are helpful or harmful to health.
• Predicting Outcomes: It helps identify which patient characteristics might affect the chances of having a specific health result when using a medical product.
• Cost Analysis: Real-world evidence can show if medical products help reduce costs related to their use or other healthcare expenses.

Real-World Evidence in Personalized Medicine

Real-world data plays a crucial role in personalized medicine in several ways:

• Personalized Treatment: Real-world data helps doctors make treatment plans that fit each patient's individual needs and medical history.
• Effectiveness Tracking: Real-world evidence shows how well treatments work in everyday situations, not just in controlled clinical trials.
• Understanding Patients: Real-world data helps in understanding patients better by gathering information about their experiences and how they react to various treatments.
• Cost Evaluation: Real-world data helps evaluate if treatments are worth the money we spend on them.
• Supporting Approvals: Real-world data provides proof that can help get new treatments approved by health authorities.

Benefits of Real-World Evidence

Real-world evidence serves various benefits to personalized medicine that are mentioned below:

• Evidence Generation and Decision-Making: Real-world evidence gives us a lot of information about how treatments are used, their results, and how safe they are for different types of patients.
• Personalized Treatment Selection: Real-world evidence helps doctors pick the best treatment for each patient based on their unique characteristics, such as genetic differences, other health conditions, and lifestyle habits.
• Post-Market Surveillance and Drug Safety: Real-world evidence helps us check how safe and effective treatments are after they have been approved, even outside of controlled clinical trials.
• Accelerating Research and Development: Real-world evidence is a useful tool for researchers, giving them information about how common diseases are, how people respond to treatments, and what the results are.