The Global Clinical Data Analytics Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Competitive Landscape, Company Profiles etc. According to the report the Clinical Data Analytics Market was estimated to be USD 2.26 billion in 2016 and predicted to rise to USD 16.76 billion by 2021 with a CAGR of 44.35%. The market is segmented by Deployment Model (Cloud, On-Premise), by Services (Consulting, Maintenance), by End Use Sector (Pharmaceuticals, Healthcare Providers, Biotechnology, Academia). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The Clinical Data Analytics Market is expected to be the new big thing in coming years. As more and more people have started focusing on their health management the need for data analytics in healthcare is more than it has ever been. Some of the factors driving the market include cost cutting benefits, support from government policies and better opportunities to provide high quality services to patients. Apart from the drivers, there also some restraints and challenges that are faced by the Clinical Data Analytics market which includes fragmentation of the end user market and issues related to software privacy and security.
The Clinical data market has been segmented on the basis of Deployment model, Services and End use sector. When taking Deployment model segmentation into account, the On-Premise based model holds the higher share compared to the Cloud model, due to the software related privacy issues. The Consulting services accounted for larger part of the market share over the maintenance services. Under End use sector segmentation, Pharmaceuticals accounted for the highest market share.
According to the geographical analysis, North America accounted for the largest share in the market with a share of almost 55% globally. Europe holds the second largest market share followed by Asia-Pacific. Asia Pacific is expected to exhibit the highest CAGR in the forecasting period.
The report provides key insights into strategies, market shares and solutions of key market players like IBM, CareEvolution, Caradigm, Cerner, InterSystems, Explorys, McKesson, athenahealth, Wellcentive and Truven Health Analytics.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-clinical-data-analytics-market-1754/” and checkout our recent reports in the Healthcare IT category at “http://www.marketdataforecast.com/research-reports/healthcare/healthcare-it-17/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.