Global Clinical Data Analytics Market, by Application to Grow at a CAGR of 30.90 % During the Forecasted Period 2018-2022

Global clinical data analytics market, by application to grow at a CAGR of 30.90 % during the forecasted period 2016-2022. Quality Care commands the largest market share of 29 % of global clinical data analytics market, by application. The market for Quality Care was valued at USD 684.9 million in 2016 and expected to reach at USD 3,443.0 million by 2022.

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Healthcare is a huge sector which generates a large amount of data driven by maintaining records. Clinical analytics helps to upgrade patient outcomes and minimizes the avoidable readmissions in hospitals. It helps hospitals to move towards value based quality of care.Clinical data analytics is playing an important role in the healthcare industries. The effective clinical data analytics solutions accesses the information and presents it in such a way to offer results that are more beneficial and assist in providing more specific care, especially to those individuals with a diversified medical history. Increasing number of healthcare organization looking towards analytics solutions for effective management of the health of people and continuously increasing healthcare data has led to grow this market.

Global clinical data analytics market, by application is segmented into quality care, population health management, clinical detection support, precision health and reporting and compliance. On regional basis the market is segmented into North America, Europe, Asia Pacific and Middle East and Africa. Quality care occupy the major part of the market. Pointless prescription of high price antibiotics for the treatment of any infectious diseases is increasing continuously so there need for better clinical data analyst.

Global clinical data analytics market, by application is increasing at a luxurious rate. Quality Care segment accounted for the largest market share in 2016 which is expected to reach USD 3,443.0 million by 2022 from USD 684.9 million in 2016. Precision Health is fastest growing segment at a CAGR of 31.45 % during the forecast period from 2016- 2022.

North America accounted for the largest market share of clinical data analytics market, by application, which was USD 1162.6 million in 2016. Asia Pacific region is the fastest growing region which is expected to grow at a CAGR of 31.86 % during forecasted period from 2016 -2022.

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Global clinical data analytics market, by application statistical report published by Market Research future contains a brief overview of clinical data analytics market, by application. Quality care commands the largest share and is expected to grow continuously during the forecasted period of 2015-2022. The report analyzed the global clinical data analytics market, by application and presents systematic data of market share on the basis of country, type, and industry and its growth rate for 2015 to 2016, along with forecast till 2022.

Market Research future through this report aims to provide understanding of the global clinical data analytics market, by application on the basis of country, type, and industry and also assists identification of ongoing trends along with anticipated growth during the forecasted period. For this report, extensive primary research was conducted to gain a deeper insight of the market performance. Various industry experts and Key Opinion Leaders (KOLs) were contacted and interviewed to get an idea of global clinical data analytics market.

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