IT Spending on Clinical Analytics Market Scope
IT spending on clinical analytics enables the implementation of value-based care. Healthcare providers can use this technology for data-driven decision-making that enables them to improve the efficiency of their decision-making process, removes costs that are preventable, and streamlines the entire system. Growing improvements in financial and clinical decision support management are also made possible by critical analysis of data generated by healthcare systems. North America will continue to dominate the market owing to the technologically advanced healthcare infrastructure, favorable government policies, and increased incentives. The other factors that are driving the demand include government initiatives to increase EHR adoption, growing pressure to curb healthcare spending and improve patient outcomes, the emergence of big data in healthcare, and the rising importance of real-world evidence.
The IT Spending on Clinical Analytics market study is segmented 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 IT Spending on Clinical Analytics market throughout the predicted period.
SAS Institute Inc. (United States), IBM Corporation (United States), Oracle Corporation (United States), Hewlett-Packard Enterprise Development LP (United States), Verisk Analytics, Inc. (United States), McKesson Corporation (United States), Cerner Corporation (United States), Optum, Inc. (United States), Allscripts Healthcare Solutions, Inc. (United States) and CareCloud 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 ArborMetrix, Inc. (United States), Health Catalyst (United States), Medical Information Technology, Inc. (United States), Inovalon Holdings, Inc. (United States) and Medeanalytics, Inc. (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 IT Spending on Clinical Analytics market by Type, Application and Region.
On the basis of geography, the market of IT Spending on Clinical Analytics 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 July 2018, Health Catalyst has acquired Medicity, a PHM company offering solutions for HIEs, business intelligence, and provider and patient engagement.
In June 2018, MedeAnalytics has announced its partnership with HealthEdge to enable payers to lower costs, reduce gaps in care, enhance broker & employer plan engagement, improve quality outcomes, and increase member satisfaction by leveraging each company’s complementary capabilities.
- Growing Adoption of Healthcare Enterprises of Electronic Health Records (EHRs)
- Rising Adoption of Digital Data Management Tools in Healthcare Owing To Rise in Expenditure on Clinical Analytics Systems and Solutions
- Rapid Digital Transformation in Healthcare Industry
- Rising Need for Cost-effective Solutions
- The Shift of Healthcare Providers, and Insurers to Support Patient Care
- Opportunities to Use Big Data to Reduce the Costs of Health Care
- Lack of Standardized Framework for Data in the IT Spending On Clinical Analytics
- Lack of Skilled Workforce or Resources
Key Target AudienceClinical Analytics Service Providers, System and Software Developers, Laboratories & Research Institutes, Hospitals & Clinics, End-Use Industries and Others
Frequently asked questions:1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the IT Spending on Clinical Analytics Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.