Approximately 35% CAGR of growth in the Clinical Data Analytics Market during 2018-2023 (the forecast period)| Key Vendors - IBM, CARADIGM, CAREEVOLUTION, CERNER, EXPLORYS, INTERSYSTEMS, MCKENSSON, WELLCENTIVE, ATHENAHEALTH, TRUVEN HEALTH ANALYTICSM, amon

Market Analysis:

North America to Dominate the Market Growth
In North America, due to the availability of robust health care infrastructure, the demand for clinical data analytics is growing. The introduction of government policies on the healthcare data is also fueling the growth of this market. North America is emerging as a leader in the standardization of healthcare data, which is likely to facilitate the seamless transfer and manipulation of clinical data across various platforms.

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In healthcare system, both, the payer and the provider can use a single, common platform, and such feasibility is driving the market growth. The introduction of government policies that mandate the use of electronic data in healthcare settings is likely to contribute to the market growth. In spite of technological advancements, the developing countries are still struggling when it comes to providing better internet access to all citizens. Clinical data analytics is one such system that is still far from the reach of people of lower economic classes, especially in the developing and poor countries. Security vulnerabilities limit the transaction of clinical data across multiple platforms, which, in turn is restricting the market growth. Also, the end users of clinical analytics data are fragmented, which poses a major challenge for the market, as data collection, modification, and transfer have to be tailored specific to the needs of each end user.

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Market Segments
Clinical Data Analytics Market is segmented by:
1. Deployment Model: Cloud, On-premise
2. Services: Consulting, Maintenance
3. End-user Sector: Pharmaceuticals, Healthcare Providers, Biotechnology, Academia, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments
• November 2017: Cerner partnered with the Amazon’s web and cloud services division. The partnership focuses on HealtheIntent, Cerner’s population health product aimed at leveraging analytics on large clinical data sets.
• July 2017: IBM introduced Expanded Watson Platform for Health Cloud Capabilities and the Watson Health Consulting Services Unit at HIMSS17.
• June 2017: Caradigm launched New Population Health Solutions for Accountable Care Organizations.

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