Clinical Data Analytics in Healthcare Market Scope
Clinical data analytics in healthcare helps to use real-time medical data to generate insights, make decisions, and save on costs. The implementation of clinical analytics in organizations has led to reduced medication errors and improved population health. The rapid advancements in key technologies and the adoption of electronic health records (EHRs) have led to the growth of the market in recent years. Due to the emergence of analytics in healthcare provide major benefits, such as personalized care, for patients.
The market study is segmented by Type (Software and Services), by Application (Quality Improvement and Clinical Benchmarking, Clinical Decision Support, Regulatory Reporting and Compliance, Comparative Analytics/Comparative Effectiveness and Precision Health) and major geographies with country level break-up.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Clinical Data Analytics in Healthcare market throughout the predicted period.
Inspirata, Inc. (United States), CareEvolution, Inc (United States), Cerner Corporation (United States), IBM (United States), Allscripts Healthcare Solutions, Inc. (United States), Health Catalyst (United States), McKesson Corporation (United States), Optum (United States) and Oracle Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are InterSystems Corporation (United States), Athenahealth Inc. (United States), ActiveHealth Management (United States) and The Advisory Board (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Clinical Data Analytics in Healthcare market by Type, Application and Region.
On the basis of geography, the market of Clinical Data Analytics in Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In Aug 2020, Northwell Health today joined Health Catalyst, Inc. is announcing a long-term strategic partnership to transform the quality of patient care by using data and analytics to better anticipate and respond to the evolving needs of patients, providers, and payers in today’s rapidly evolving healthcare ecosystem., and In July 2020, Allscripts and Microsoft Corp. announced the extension of their long-standing strategic alliance to enable the expanded development and delivery of cloud-based health IT solutions.
In Mar 2020, Inspirata unveiled its new cancer and clinical data extraction software service. Leveraging the power of artificial intelligence (AI) and natural language processing (NLP), the software standardizes patient data from clinical reports, identifies critical cancer information, determines the relevant context, and provides expert interpretation.
- Use of Artificial Intelligence, Natural Language Processing and Big Data in Healthcare
- Government Initiatives to Increase EHR Adoption
- Increasing Adoption of Electronic Data Recording
- Advancement in Healthcare Infrastructure in Developing Economies
- Rising Demand for Cloud-Based Analytics
- High Cost of Analytics Solutions
- Privacy Concern Of The Collected Data
- Dearth of Skilled Personnel
Key Target AudienceClinical Data Analytics in Healthcare Provider, Data Analytics Provider, Technology Provider, Potential Investors, Research Firm, Technology Investors, Healthcare Industry and Others
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