Clinical Data Analytics Market Size and Top Player in 2022; Athenahealth Inc., Cerner, Xerox and More

The Global Clinical Data Analytics Market is expected to reach USD 11,853.6 million in 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.

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.

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Key Players for Global Clinical Data Analytics Market:

Some of the key players in this market are:

Athenahealth Inc. (U.S.),
Cerner (U.S.),
International Business Machines Corporation (U.S.),
McKesson (U.S.),
Xerox (U.S.)

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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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