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Report explores the clinical data analytics market forecast from 2017 to 2022

The major factors responsible for the growth of global clinical data analytics market are; government Initiatives to promote big data will spur the growth of this market, technological advancements, concept of value based care and pressure to curb healthcare costs has fuelled the growth of the market and others.

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Executive Summary:

Introduction

The global clinical data analytics market was valued at $ 2,356.2 million in 2016 and expected to reach at $ 11,853.6 million by 2022 at a CAGR of 30.9 % during the forecast period. 

The growth barriers are reluctance to share information regarding the health with the third party, privacy concerns, regulatory requirements, and power backup issues with big data accessing smart devices will restraint the growth of the market among others.

The market is majorly categorized on the basis of deployment model which is further segmented into on-premise and cloud based.

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On the basis of application, the market is segmented into quality care, population health management, clinical decision support, precision health, reporting and compliance.

On the basis of end user the market is segmented into pharmaceutical companies, healthcare providers, academic and research institutes and geographic regions. Globally, North America holds the largest market share of global clinical data analytics market, registering 53.95 % in 2016. 

The scope of global clinical data analytics market study includes the market value, market size and a detailed analysis of vendor products and strategies.

Key Players

The leading players of the Global clinical data analytics market are Cerner, International Business Machines Corporation, McKesson and Xerox and others.

Study Objectives of clinical data analytics Market Development and Demand Forecast to 2022 Market

Ø    To provide insights about factors, influencing and affecting the market growth

Ø    To provide historically and forecast revenue of the market segments and sub-segments with respect to regional markets and their countries

Ø    To provide historically and forecast revenue of the market segments based on type, and sub-segment for Global clinical data analytics market 

Ø    To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market

Ø    To provide economic factors that influence the Global clinical data analytics market

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Target Audience

  • Clinical data analytics companies
  • Hospitals & Clinics
  • Raw Material Suppliers
  • Key executive (CEO and COO) and strategy growth manager

Key Findings

  • On the basis of deployment model, on-premise segment holds largest market share of global clinical data analytics market, registering 1579.9 % of total market in 2016.
  • US holds 71.66 % market share of North America clinical data analytics market and is expected to reach $ 4466.7 million by 2022 from $ 911.1 million in 2016.

The reports also cover country level analysis:

  • North America
  • US
  • Canada
  • Europe
  • Western Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Republic of Korea
  • Rest of Asia-Pacific
  • Middle East & Africa

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Some Major Points from Table of Content:           

Table of Contents

1 Introduction 10

1.1 Scope of Study 10

1.2 Research Objective 10

1.3 Assumptions & Limitations 11

1.3.1 Assumptions 11

1.3.2 Limitations 11

1.4 Market Structure 11

2 Research Methodology 12

2.1 Primary Research 13

2.2 Secondary Research 13

3 Market Dynamics 14

3.1 Introduction 14

3.2 Drivers 15

3.2.1 Government Initiatives to Promote Big Data will spur the growth of this market 15

3.2.2 Technological Advancements (Mhealth, IoT and Wearable Devices) will boost the growth of the market 15

3.2.3 Pressure to Curb Healthcare Costs has fuelled the growth of the market 16

3.3 Restraints 16

3.3.1 Reluctance to share information regarding the health with the third party has limit the growth of the market 16

3.3.2 Power Backup Issues with Big Data Accessing Smart Devices will restraint the growth of the market 17

3.4 Opportunities 17

3.4.1 Increasing R&D for Precision Medicine will strengthen the market for clinical data analytics 17

3.4.2 Value Based Care will spurred the growth for clinical data analytics 17

3.5 Challenges 18

3.5.1 Lack of Interoperability among Data Source Generators 18

3.5.2 Adhering to the Regulatory Requirements 18

3.5.3 Big Data Collection and its Privacy Concerns 18

4 Market Factor Analysis 20

4.1 Porter’s Five Forces Analysis 20

4.1.1 Threat of New Entrants 21

4.1.2 Bargaining Power of Buyers 21

4.1.3 Bargaining Power of Suppliers 21

4.1.4 Threat of Substitute Products or Services 21

4.1.5 Rivalry Among Existing Firms 22

4.2 Value Chain Analysis 22

4.2.1 Healthcare Data 22

4.2.2 Healthcare Data Processing 22

4.2.3 Healthcare Data Reporting 23

4.2.4 Advanced Analytics Solutions 23

5 Clinical Data Analytics Market, By Deployment Model 24

5.1 Introduction 24

5.2 On Premise 25

5.3 Cloud Based 26

6 Clinical Data Analytics Market, By Application 27

6.1 Introduction 27

6.2 Quality Care 28

6.3 Population Health Management 29

6.4 Clinical Decision Support 31

6.5 Precision Health 31

6.6 Reporting & Compliance 32

List of Tables and Figures

TABLE 1 GLOBAL CLINICAL DATA ANALYTICS MARKET, BY DEPLOYMENT MODEL, 2014-2022 (USD MILLION) 25

TABLE 2 GLOBAL CLINICAL DATA ANALYTICS MARKET FOR ON-PREMISE DEPLOYMENT MODEL, BY REGION, 2014-2022 (USD MILLION) 25

TABLE 3 GLOBAL CLINICAL DATA ANALYTICS MARKET FOR CLOUD BASED MODEL, BY REGION, 2014-2022 (USD MILLION) 26

TABLE 4 GLOBAL CLINICAL DATA ANALYTICS MARKET, BY APPLICATION, 2014-2022 (USD MILLION) 28

TABLE 5 GLOBAL CLINICAL DATA ANALYTICS MARKET FOR QUALITY CARE, BY REGION, 2014-2022 (USD MILLION) 29

TABLE 6 GLOBAL CLINICAL DATA ANALYTICS MARKET FOR POPULATION HEALTH MANAGEMENT, BY REGION, 2014-2022 (USD MILLION) 30

TABLE 7 GLOBAL CLINICAL DATA ANALYTICS MARKET FOR CLINICAL DECISION SUPPORT, BY REGION, 2014-2022 (USD MILLION) 31

FIGURE 1 GLOBAL CLINICAL DATA ANALYTICS: MARKET STRUCTURE 11

FIGURE 2 RESEARCH PROCESS 12

FIGURE 3 GLOBAL CLINICAL DATA ANALYTICS MARKET: MARKET DYNAMICS 14

FIGURE 4 IMPACT OF PORTER’S FIVE FORCES ON THE CLINICAL DATA ANALYTICS IN THE HEALTHCARE SECTOR 20

FIGURE 5 VALUE CHAIN: CLINICAL DATA ANALYTICS MARKET 22

FIGURE 6 GLOBAL CLINICAL DATA ANALYTICS MARKET, BY DEPLOYMENT MODEL, 2015 & 2022 (USD MILLION) 24

FIGURE 7 GLOBAL CLINICAL DATA ANALYTICS MARKET, BY APPLICATION, 2015 & 2022 (USD MILLION) 27

FIGURE 8 POPULATION HEALTH MANAGEMENT PROCEDURE 30

FIGURE 9 GLOBAL CLINICAL DATA ANALYTICS MARKET, BY END USER, 2015 & 2022 (USD MILLION) 34

FIGURE 10 GLOBAL CLINICAL DATA ANALYTICS MARKET, BY REGION, 2015 & 2022 (USD MILLION) 39

FIGURE 11 NORTH AMERICA CLINICAL DATA ANALYTICS MARKET, BY COUNTRY, 2015 (%) 40

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