clinical-data-analytics-market-industry
Published

August 2016

Clinical Data Analytics Market - By End-Use Sectors, Regions and Vendors - Market Shares, Forecasts and Trends (2016 - 2021)

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Big data in healthcare is overwhelming not only because of its volume but also because of the diversity of data types and the speed at which it must be managed. The totality of data related to patient healthcare and well-being make up “big data” in the healthcare industry. By discovering associations and understanding patterns and trends within this data, big data analytics can help in improving care, save lives, and lower costs.

Clinical data analytics market is estimated to grow from USD 2.25 billion in 2016 to USD 16.98 billion by 2021, at a CAGR of 41.50%. North America will be the biggest market for these solutions with a share of 55%, followed by Europe, Asia-Pacific and rest of the world. 

Clinical data analytics help physicians to take decisions about the patient’s care or aid in better understanding of the health of their covered populations. The technology can vary according to the data involved or the users of the information or the actions which are at the discretion of decision makers who can be anyone like nurses, doctors, public health officials and senior management, etc.

The report focuses on different industry policies and factors which are driving the market growth. The report also provides key insights into strategies, market shares and solutions of key vendors like IBM, Caradigm, CareEvolution, Cerner, Explorys, InterSystems, McKesson, Wellcentive, athenahealth and Truven Health Analytics.

Some of the major vendors who are providing stiff competition to existing players mentioned in the report are ActiveHealth Management, The Advisory Board Company, Humedica Inc., Comprehend Systems and Forte Research Systems.

DRIVERS

  • Increasing focus of the population towards health management
  • Supportive government policies
  • Cost benefits
  • The opportunity to provide better quality services to the patients

RESTRAINTS

  • Fragmented end-user market  
  • Software related privacy
  • Security issues are some of the challenges of the clinical data analytics market

WHAT THE REPORT OFFERS

  • Market definition for the clinical data analytics market along with identification of key drivers and restraints for the market.
  • Market analysis for the clinical data analytics market, with region-specific assessments and competition analysis on a global and regional scale.
  • Identification of factors responsible for changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
  • Identification and analysis of the macro and micro factors that affect the clinical data analytics market on both global and regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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