Healthcare Clinical Analytics Market to Exhibit 14% CAGR From 2017 to 2022, Says Persistence Market Research
New York City, NY, November 30, 2017 (Newswire.com) - Persistence Market Research has recently delivered a detailed market research report, covering the global market for healthcare clinical analytics. The report is titled "Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)." The report states that the market will exhibit an exponential CAGR of 14% over the period between 2017 and 2022, rising to a revenue opportunity of US$28,000 mn in 2022. The market features vast growth opportunities across developed as well as developing economies and could benefit significantly from the increased demand to bring down costs of treatment across the globe.
According to the report, the pressing need to bring down the cost of providing effective healthcare across developed as well as developing economies is the key factor leading to the increased demand for clinical analytics solutions in the healthcare industry. Clinical analytics solutions help bring in tools and technologies that allow the healthcare sector understand the ways of curbing costs of overall operations, thereby containing them and making operations and processes more cost effective.
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The report segments the market on the basis of criteria such as platform, end-user, mode of deployment, solution, and geography.
On the basis of platform, the global healthcare clinical analytics market has been further segmented into standalone healthcare clinical analytics platform and integrated healthcare clinical analytics platform. Of these, the segment of stand-alone healthcare clinical analytics platform is expected to exhibit a robust CAGR over the forecast period and rise to a valuation of US$9,000 mn by the end of the report’s forecast period. The standalone platform could also be responsible for over one-thirds of the revenue of the market by the end of 2017 but could lose some market share by the end of the report’s forecast period as compared to 2017.
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From a geographical perspective, the report examines the healthcare clinical analytics market across regions such as North America, Europe, Latin America, Asia Pacific except Japan, Japan, and Middle East and Africa. Of these, the market in North America is expected to be attributed for the leading share in the overall market in terms of revenue over the report’s forecast period. The regional market will benefit from the well-established healthcare infrastructure and the high level of digitization in the region’s healthcare sector.
Of the key end-users of healthcare clinical analytics solutions studied in the report, the segment of hospitals is presently the leading contributor of revenue to the overall market. The segment is also expected to exhibit the most promising rate of growth, an estimated 10% over the period between2017 and 2022. The segment will also account for over half of the revenue share of the global healthcare clinical analytics market over the report’s forecast period.
The report also presents a detailed overview of the vendor landscape of the global healthcare clinical analytics market. Impact of the intensity of competition, product portfolios, and recent developments on the future of the market and growth opportunities for companies in the market are examined in the report. Detailed business profiles of some of the leading companies operating in the global healthcare clinical analytics market are also included in the report.
Some of the leading companies in the market profiled in the report are Allscripts Healthcare Solutions, Inc., IBM Corporation, CareCloud Corporation, Medical Information Technology Inc., McKesson Corp., Hewlett Packard Enterprise Company, Cerner Corp., Optum Inc., Oracle Corp., and Qsi Management Llc.
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Source: Persistence Market Research