Clinical Data Analytics Market by 2027 covers Size, Share, Upcoming Trends Segmentation, Opportunities and Forecast

The Clinical Data Analytics market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Clinical Data Analytics Market share and Market size prominent players for 2020 to 2027 are profiled in this report.

Competitive Landscape: Allscripts Health Solution,   Inspirata Inc,  CareEvolution Inc.,  Cerner Corporation,  Health Catalyst Inc.,  IBM Corporation,  Koninklijke Philips N.V,  McKesson Corporation,  Optum Inc.,  Oracle Corporation and Others

Industry News:

- Feb 2020 - IBM Watson Health launched its latest Cloud-based technology, IBM Study Advance, which has been designed to reduce the cost and time associated with clinical trials. The data-driven, study design tool IBM Study Advance optimizes clinical trial protocol design by integrating automated access to real-world patient data and standardizing the protocol template guidance.

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Scope of the Report:

The Clinical Data Analytics Market is expected to register a CAGR of 33.07% over the forecast period 2022 - 2027.

Key Market Trends:

Cloud Deployment Model to Hold a Dominant Position in the Market
- The increased adoption of electronic records across a majority of healthcare institutions has driven the use of cloud-based solutions owing to its most intuitive advantage, which enables archiving and the use and analysis of patient records, information, and history with ease. Physicians are inclined toward cloud solutions as they enable secure collaboration between the patients and other hospital management since these solutions support mobile devices, web applications, and data access from multiple locations.
- The ability to use the cloud is not limited to the use of data from a single location but allows the collaborations of various data pools across the world. Healthcare organizations and pharmaceutical companies can thus leverage this advantage to gather insights on drug discovery or innovation based on history and present data available from the various healthcare data pools.

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United States to be a Major Market
- The market in the United States is anticipated to see the most significant growth during the forecast period. The massive growth of the United States market is connected to developing federal healthcare mandates to control rising healthcare costs, growing regulatory obligations, increasing EHR adoption; and expanding government initiatives concentrating on personalized medicine, value-based reimbursements, and population health management.
- As per the ClinicalTrials.gov, in 2019, the United States alone accounted for 34% of the registered clinical studies worldwide. The collected data that is being generated from different sources need to be studied and analyzed for chalking out strategies for effective population health management. Moreover, the United States alone accounted for 37% of the registered recruiting clinical studies worldwide as of October 2019 as per the same source.

Regional Analysis for Clinical Data Analytics Market:

North America, Latin America, Asia-Pacific, Africa, Europe, and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users.  The global Clinical Data Analytics Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.

Highlights about Clinical Data Analytics report coverage:

- A complete background analysis, which includes an assessment of the Global Clinical Data Analytics Market.

- Important changes in Clinical Data Analytics market dynamics

- Clinical Data Analytics Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Clinical Data Analytics market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Clinical Data Analytics industry developments

- Clinical Data Analytics Market shares and strategies of key players

- Emerging niche Clinical Data Analytics segments and regional markets

- An objective assessment of the trajectory of the Clinical Data Analytics market

- Recommendations to companies for strengthening their foothold in the Clinical Data Analytics market

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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