The World Clinical Data Analytics Market is Projected to Reach with a CAGR of 30.90% Forecast 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 market for clinical data analytics is segmented into four major regions. As per Market Research Future Analysis, North America accounts for major market share in the clinical data analytics in the healthcare sectors, with major countries being the U.S. and Canada. Europe acquires the second largest market share, with countries such as the Germany and France acquiring the major market share. Asia Pacific region is currently sluggish in implementing clinical data analytics in the healthcare sector but estimated to grow at a faster pace in future. The Middle East and North Africa currently acquire the lowest market share.

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The 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.
Global Clinical Data analytics Market:
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.

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.

Regional Analysis of Global Clinical Data Analytics Market:
The global market for clinical data analytics is growing rapidly. 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.
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.
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Segmentation:
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.
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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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

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