Clinical Data Analytics Market Share, Size Status and Forecast Analysis 2020-2023 - Industry Growth, Trend, Statistics, Competition Strategies, Application, Region and Analysis 2023

Global report on "Clinical Data Analytics" Market 2019-2023 mainly presents value, growth, volume and market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all key attributes analysis and opinion for Clinical Data Analytics industry. The research provides strategically important competitor insights to formulate effective RandD strategies. Likewise, the report reviews key companies involved in Clinical Data Analytics and enlists all their major and minor projects. The objectives of this study are to define, segment, and project the size of the Clinical Data Analytics market based on company, product type, end user and key regions.

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Top Manufacturers Listed in the Clinical Data Analytics Market Report are:
o Athenahealth
o Inc.
o Cerner Corporation
o Forte Research Systems
o IBM Corporation Company
o InterSystems Corporation
o Jubilant Clinsys
o Koninklijke PhilipsN.V.
o MaxisIT Inc.
o McKesson/MedVentive
o Oracle Corporation
o The Advisory Board Company
o Truven Health Analytics

The global clinical data analytics market was valued at USD 2.97 billion in 2019 and is expected to reach a value of USD 16.58 billion by 2023 at a CAGR of 33.07% over the forecast period of 2018-2023. The scope of the report is limited to the type of deployment offered by major players, which includes cloud and on-premise. While the end users considered in the scope of the report include pharmaceutical, healthcare providers, biotechnology, and academia.
The healthcare industry, in recent years, has witnessed a paradigm shift, with the accelerated adoption of electronic health records (EHRs) leading to the integration of the physical world with the digital. Thus, pointing to a seismic shift in the volume and quality of clinical data. With the integration of analytics, the healthcare industry has been facilitated with the advantage to record valuable information and datasets ranging from patient preferences, individual medical history to therapies and procedures that have proven to be effective in treating specific diseases and injuries. The feasibility of preventive care over reactive care, provision of evidence-based treatment to patients, and facility of personalized care, are expected to be some of the driving factors for the growth of clinical data analytics in the Asia-Pacific region.
Technological Advancements in Healthcare
Many of the technologies used in medicine and healthcare have been undergoing high digitization and technological change. Many new developments such as electronic medical records, telemedicine, sensors and wearable technology, wireless communications, and other developments have aided in the use of clinical data analytics for better patient care and targeted drug usage. Many industry experts believe the medical industry is in a rapid change over to consumer focused services, which could further aid the development of clinical data analytics. Development of wearable technology is one of the primary factors enabling clinical data analytics. The success of wearable devices such as Fitbit, Pebble, Apple iWatch, and other consumer-grade fitness trackers has grabbed the attention of physicians. Many meaningful insights can be derived from the day-long recording of patient's basic vital statistics. Apple sold over a million watches in China.
Pharmaceutical Industry the Primary Recipient of Clinical Data Analytics
Pharmaceutical companies, to tackle various regulatory requirements, falling R&D productivity, and to optimize the value chain, have been identified to integrate clinical data analytics to create competitive differentiation. Though the clinical data analytics market in the pharmaceutical industry is still in the nascent stage, the scenario is expected to change by 2020, to tackle problems related to site activation, on-site identification, and patient recruitment, to name a few. Clinical data analytics in the pharmaceutical industry decreases the time to market a drug, identifies and mitigates risks in the clinical trial process itself, adheres to various regulations and provides a single source of conclusion by integrating multiple data sources. These benefits have made clinical data analytics a preferred choice over conventional methodologies, thus, increasing its adoption.
China is a Major Market
Increasing patient pool, steadily increasing drug development costs and timelines, and a growing opportunity in the pharmaceutical industry has made China a hotspot for clinical data analytics in healthcare. Multi-national pharmaceutical companies, contract research organizations (CRO), academic institutions, and service providers have taken advantage of the recent regulatory changes in China, to establish their presence in the drug manufacturing industry, thereby paving a path for the growth of clinical data analytics in healthcare in the region. Owing to the benign new regulations, it is estimated that a total of 41% of the organizations conducted clinical trials in China in 2016, and around 33% of all the organizations raised the number of cases enrolled in China in the past two years, emphasizing the importance of clinical data analytics.
Key Developments in the Market
o March 2018 - Clinigence and MedConnect have partnered to bring more value-based programs for clinical data analytics. These products also help in risk mitigation as the products keep maturing.

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Regional Segmentation Includes:
- United States
- Europe
- China
- Japan
- South Korea
- Other Regions
Reasons to Purchase the Clinical Data Analytics Market Report:
- The report analyses how the shift towards safety will drive the global automotive anti-lock braking system market size and Share.
- Analyzing various perspectives of the market with the help of Porter's five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Clinical Data Analytics Market growth during the forecast period.
- Identify the latest developments, Clinical Data Analytics market shares and strategies employed by the major market players.

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Major Points from Table of Contents:
1. Introduction
1.1 Key Study Deliverables
1.2 Market Definition
1.3 Study Assumptions
2. Research Methodology
3. Executive Summary
4. Market Insights
4.1 Market Overview
4.2 Industry Attractiveness- Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products and Services
4.2.5 Competitive Rivalry
5. Market Dynamics
5.1 Drivers
5.1.1 Technological Advancements (mHealth, IoT and Wearable Devices)
5.1.2 Cost Benefits and Improved Quality Services to Patients
5.2 Restraints
5.2.1 Low Internet Penetration in Emerging Economies
5.2.2 Privacy and Security Issues
6. Technological Overview
7. Market Segmentation
7.1 By Deployment Model
7.1.1 Cloud
7.1.2 On-premise
7.2 By Service
7.2.1 Consulting
7.2.2 Maintenance
7.3 By End User
7.3.1 Pharmaceutical
7.3.2 Healthcare Providers
7.3.3 Biotechnology
7.3.4 Academia
7.3.5 Others
7.4 By Geography
7.4.1 North America
7.4.1.1 United States
7.4.1.2 Canada
7.4.1.3 Rest of North America
7.4.2 Europe
7.4.2.1 United Kingdom
7.4.2.2 France
7.4.2.3 Germany
7.4.2.4 Rest of Europe
7.4.3 Asia-Pacific
7.4.3.1 China
7.4.3.2 Japan
7.4.3.3 India
7.4.3.4 Rest of Asia-Pacific
7.4.4 Latin America
7.4.4.1 Brazil
7.4.4.2 Argentina
7.4.4.3 Rest of Latin America
7.4.5 Middle East & Africa
7.4.5.1 Saudi Arabia
7.4.5.2 South Africa
7.4.5.3 Rest of Middle East & Africa
8. Vendor Market Share Analysis
9. Key Vendor Profiles
9.1 Athenahealth, Inc.
9.2 Cerner Corporation
9.3 Forte Research Systems
9.4 IBM Corporation Company
9.5 InterSystems Corporation
9.6 Jubilant Clinsys
9.7 Koninklijke PhilipsN.V.
9.8 MaxisIT Inc.
9.9 McKesson/MedVentive
9.10 Oracle Corporation
9.11 The Advisory Board Company
9.12 Truven Health Analytics
*List not Exhaustive
10. Investment Analysis
10.1 Recent Mergers & Acquisitions
10.2 Investment Scenario and Opportunities
11. Future of the Market

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