Global Clinical Data Analytics Market is expected to Rise up to USD 11,853.6 million in 2022 with a CAGR of 30.90%

Global Clinical Data Analytics Market has been evaluated as a growing market and it is expected that the market will touch high growth figures. Increasing the technological advancements in mHealth and IoT and rising number of government initiatives are some of the factors driving this market.

The Global Clinical Data Analytics Market is expected to reach USD 11,853.6 million in 2022. The Global Clinical data analytics market is expected to grow with a CAGR of 30.90% during the period 2016 to 2022.

Healthcare industry has generated large amounts of data, driven by record keeping. Data from the U.S. healthcare systems alone has reached 150 Exabyte in 2011. By understanding the trends and the patterns within the data, healthcare systems can improve quality care of patients and curb healthcare costs. 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.

The major participants of this market are Athenahealth Inc. (U.S.), Cerner (U.S.), International Business Machines Corporation (U.S.), McKesson (U.S.), Xerox (U.S.) and others.

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In the coming years, it is expected that the global clinical data analytics market will advance with higher growth rate as compared to previous years.  Rising pressure to curb healthcare costs has fuelled the growth of the market for Clinical data analytics market.

Global Clinical Data Analytics Market has been segmented on the basis of deployment model which comprises of on-premise and cloud based. On the basis of application the market is segmented into quality care, population health management, clinical detection support, precision health and reporting and compliance. On the basis of end user, the market is segmented into pharmaceutical companies, healthcare providers, academics & research institutes and others.

The report for Global Clinical Data Analytics Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions

Regional Analysis:

The global market for Clinical data analytics is growing steadily. The market for clinical data analytics is growing with the CAGR of 30.90% during the forecast period from 2016-2022. North America accounts for largest market share in 2015 and is expected to reach USD 6,293.2 million by 2022. This is attributed to the factors such as emanation of big data in healthcare, establishment of healthcare policies by government, increase in clinical data management for better healthcare outcomes, increasing technological advancements and growing research and development for precision medicines. Europe is the second largest market with the market value of USD 505.8 million in 2015.

Asia-Pacific region is the fastest growing market for clinical data analytics, which is expected to grow at a CAGR of 31.42% during the forecast period from 2016 to 2022.  Increasing awareness regarding the use of big data analytics by the healthcare providers has spurred the growth of clinical data analytics in this region.

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Study Objectives Global Clinical Data Analytics Market:

To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Clinical Data Analytics Market
To provide insights about factors affecting the market growth
To analyze the market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia-Pacific, and Middle East & Africa.
To provide country level analysis of the market with respect to the current market size, volume, average selling price and future prospective
To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments globally.
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