Press release
Clinical Data Exchange Market 2020 to Set Amazing Growth | Leading Players are Halfpenny Technologies, IBM Corporation; Microsoft, Experian Information Solutions, PNT Data, Health Level Seven International, Optum, McKesson Corporation
Clinical Data Exchange Market
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Market Analysis: Global Clinical Data Exchange Market
Global clinical data exchange market is expected to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growing levels of incidents associated with theft of clinical and medical data.
Key Market Competitors:
Few of the major competitors currently working in the global clinical data exchange market are Information Builders and docero; Halfpenny Technologies Inc; Experian Information Solutions, Inc.; PNT Data; Health Level Seven International; New England Healthcare Exchange Network, Inc.; Optum, Inc.; McKesson Corporation; IBM Corporation; Microsoft; Guardtime; iSolve, LLC; Patientory; Accenture; Proof.Works; Iryo d.o.o.; Allscripts Healthcare LLC; Open Text Corporation; Orion Health group of companies among others.
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Market Definition: Global Clinical Data Exchange Market
Clinical data exchange is the service of sharing clinical data associated with trials, pharmaceuticals, patients and other healthcare patients. This data is highly confidential and therefore requires a specialized solution for distributing it across a wide-range of healthcare information systems that are widely varied in structure and regulations. This service ensures lower cost of operations and healthcare interoperability in the long run.
Segmentation: Global Clinical Data Exchange Market
Clinical Data Exchange Market : By Component
Enterprise Master Person Index (EMPI)
Healthcare Provider Directory (HPD)
Record Locator Service (RLS)
Clinical Data Repository
Others
Clinical Data Exchange Market : By Implementation Model
Centralized/Consolidated Model
Decentralized/Federated Models
Hybrid Model
Clinical Data Exchange Market : By Setup Type
Private
Public
Clinical Data Exchange Market : By Exchange Type
Direct Exchange
Query-Based Exchange
Consumer Mediated Exchange
Clinical Data Exchange Market : By Application
Internal Interfacing
Secure Messaging
Work Flow Management
Web Portal Development
Others
Clinical Data Exchange Market : By End-User
Pharmaceutical Companies
Healthcare Providers
Public Health Agencies
Healthcare Payers
Others
Clinical Data Exchange Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Key Developments in the Clinical Data Exchange Market :
In June 2019, Accumen announced that they had acquired Halfpenny Technologies, Inc. This acquisition will lead to addition of enhanced capabilities to the combined enterprise, helping provide better quality of performance and operational capabilities. This will lead to delivery of next generation of health care services and solution
In September 2018, Da Vinci Project was formed with the combination of more than twenty healthcare organizations. The project will be focused on utilizing Health Level Seven International’s “HL7 Fast Healthcare Interoperability Resources (FHIR)” for improving the quality of data-communication for value-based care arrangement
Clinical Data Exchange Market Drivers :
Increasing utilization of blockchain technology from the healthcare industry is expected to drive the growth of the market
Rising prevalence of counterfeit drugs floating in the market; this factor is expected to boost the growth of the market
Requirement for better secured storage solutions also acts as a market driver
Enhanced levels of support being provided by various government authorities to improve the availability of infrastructure for deployment of advanced technologies will also uplift the market growth
Clinical Data Exchange Market Restraints :
Lack in the awareness and infrastructure availability in various developing regions; this factor is expected to restrict the growth of the market
Concerns regarding the data’s privacy amid high volume of data thefts will also hamper the market growth
Requirement of large-scale investments and expenditure for establishment of infrastructure and other resources for successful operations of clinical data exchange is another factor restricting the market growth
Customization of the Report :
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Reasons to Purchase this Report :
Current and future of global clinical data exchange market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Clinical Data Exchange Market analysis report offers strategic & tactical support to clients for making well-informed business decisions. DBMR team provides customization of this market report according to the business needs. Contact sales team, who will assure to get a report that suits the necessities. The report carefully examines the global Clinical Data Exchange Market, with a focus on most of the major players and their business strategies, geographical scope, market segments, product landscape and price, and cost structure. Such market report is made available for industries, individuals, and organizations across the globe, and offerings are delivered in the shortest possible turnaround time.
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