The article cited AMA's Global Healthcare Master Data Management Market Study explored substantial growth with CAGR of 20.3%. According the report, Integration of Artificial Intelligence and Machine Learning in the Software Used for Healthcare Master Data Management is one of the primary growth factors for the market. Rising Healthcare Data and Need to Manage the Patient and Staff Data Securely
is also expected to contribute significantly to the Healthcare Master Data Management market. Overall, Small-medium Size Hospital
applications of Healthcare Master Data Management, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Healthcare Master Data Management market identified that the demand is rising in many different parts of the world as "Surging Demand for Healthcare Master Data Management from Hospitals and Clinics in Developing Countries". Furthermore, some recent industry insights like "In May , 2022 Informatica , an enterprise cloud data management leader, today announced the Intelligent Data Management Cloud (IDMC) for Healthcare and Life Sciences with new cloud-first, cloud-native capabilities designed to build digital-first experiences for connected patient care." is constantly making the industry dynamic. One of the challenges that industry facing is "Technical Issues with the Platform used for Healthcare Master Data Management"
The Components, such as Solutions, is boosting the Healthcare Master Data Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Technology, such as Artificial Intelligence (AI), is boosting the Healthcare Master Data Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Deployment, such as Cloud-based, is boosting the Healthcare Master Data Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Purpose, such as Mergers and Acquisitions (M&A), is boosting the Healthcare Master Data Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Healthcare Master Data Management market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Healthcare Master Data Management market and other related sub-markets covered in the study.
o Key & emerging players in the Healthcare Master Data Management market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Healthcare Master Data Management market size is calculated using market estimation process, the Healthcare Master Data Management market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Healthcare Master Data Management market size has been validated using both top-down and bottom-up approaches.