Global Clinical Data Analytics Market to Reach US$ 93.8 Billion by 2028, Impelled by Significant Growth in Healthcare Industry

July 20, 2022 | Healthcare

According to the latest report by IMARC Group, titled “Clinical Data Analytics: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global clinical data analytics market reached a value of US$ 14.7 Billion in 2022. Clinical data analytics refers to the process of collecting, analyzing, reporting, and transforming structured and unstructured medical data into a standardized, single ecosystem in real-time. It is widely adopted across healthcare organizations to retrieve data concerning different aspects of system performance, such as population health, patient outcomes, and clinical quality. The implementation of clinical analytics in organizations has led to reduced medication errors, improved population health, and cost savings for many organizations. Clinical data analytics also assists healthcare providers in offering clinical decision support, enhancing care coordination, and improving population health and patient wellness.

Global Clinical Data Analytics Market Trends:

The widespread utilization of electronic health records (EHRs) due to the rising digitization in the healthcare industry across the globe is creating a positive outlook for the market. Clinical data analytics is widely used to improve care, enhance patient outcomes, streamline information, and minimize human errors. In line with this, the introduction of m-health apps, in confluence with the rising emphasis on high-quality personalized care in hospitals and clinics, is further favoring the market growth. Apart from this, the rising demand for cloud-based solutions, owing to their intuitive advantage that enables archiving and the use and analysis of patient records, information, and history with ease, are providing an impetus to the market growth. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) to discover patterns and offer predictions about patient preferences is positively influencing the market growth. Other factors, including the increasing prevalence of chronic diseases, the implementation of various government initiatives to improve the overall quality of patient care, and the significant growth in healthcare infrastructure, are anticipated to drive the market toward growth. On account of the aforementioned factors, the market value is expected to reach US$ 93.8 Billion by 2028, exhibiting a CAGR of 35.4% during 2023-2028.

Market Summary:

On the basis of the solution, the market has been bifurcated into software and services.
Based on the deployment mode, the market has been divided into cloud-based and on-premises.
On the basis of the application, the market has been categorized into quality improvement and clinical benchmarking, clinical decision support, regulatory reporting and compliance, comparative analytics and precision health.
Based on the end user, the market has been divided into pharmaceutical companies, healthcare, research and government organizations.
On the basis of region, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others) Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the industry has also been examined, with some of the key players being Allscripts Healthcare Solutions Inc., CareEvolution LLC, Cerner Corporation, Health Catalyst, International Business Machines Corporation, InterSystems Corporation, Koninklijke Philips N.V., Medeanalytics Inc., Sisense Inc., UnitedHealth Group Incorporated and Xerox Holdings Corporation.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Solution, Deployment Mode, Application, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Allscripts Healthcare Solutions Inc., CareEvolution LLC, Cerner Corporation, Health Catalyst, International Business Machines Corporation, InterSystems Corporation, Koninklijke Philips N.V., Medeanalytics Inc., Sisense Inc., UnitedHealth Group Incorporated and Xerox Holdings Corporation.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Clinical Data Analytics Market to Reach US$ 93.8 Billion by 2028, Impelled by Significant Growth in Healthcare Industry

Purchase options Year End sale

Single User License ~~$2499~~ $2249
Five User License ~~$3499~~ $2974
Corporate License ~~$4499~~ $3599

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.