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IT Spending on Clinical Analytics Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024

Global IT Spending on Clinical Analytics Market

 

By Solution (In-House and Outsource), By Platform (Stand-Alone and Integrated), By Deployment (Cloud-Based and On-Premise), By End User (Payer and Provider), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

 

Global IT spending on clinical analytics market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024

 

Market Outline: IT Spending on Clinical Analytics Market

Clinical analytics encompasses the capture and use of discrete clinical data to identify and measure quality, patient safety, or service line efficiencies and improvements. Clinical analytics and business intelligence tools have emerged as a top priority for the hospital IT leaders who are moving towards accountable care adoption.

 

Increase in the demand of value-based care for population health is driving the growth of the IT spending on clinical analytics market. Growing adoption of digital data management tools in the healthcare sector and digitization is playing a vital role in the healthcare which is enhancing the growth of the IT spending on clinical analytics market. The ability of the clinical analytical tools in providing highly refined data in the lesser span of time is anticipated to drive the growth of the IT spending on clinical analytics market. However, the difficulties faced in the analysis of the healthcare owing to its huge volume and data lack of skilled professionals is hampering the growth of the IT spending on clinical analytics market.

 

Market Scope: IT Spending on Clinical Analytics Market

IT spending on clinical analytics market is segmented based on the solution, platform, deployment and end-user

Based on the solution, the market is segmented into the following:

  • In-House
    • Hardware
    • Software
    • Services
  • Outsource

Based on the platform, the market is segmented into the following:

  • Stand-Alone
  • Integrated

Based on the deployment, the market is segmented into the following:

  • Cloud-Based
  • On-Premise

Based on the end user, the market is segmented into the following:

  • Payer
    • Insurance Companies
    • Government
    • Other
  • Provider
    • Hospitals
    • Clinics

 

Regional Analysis:  IT Spending on Clinical Analytics Market

Geographically, global IT spending on clinical analytics market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America IT spending on clinical analytics market driven by rising demand for the quality care in the healthcare sector. The support from the government in developing the healthcare sector is anticipated to fuel the IT spending on clinical analytics market in the region. Europe IT spending on clinical analytics market falls next to North America. The Asia Pacific IT spending on clinical analytics market is expected to grow at significant rate over the forecast period.

 

Competition Assessment: IT Spending on Clinical Analytics Market

Some of the players in the global IT spending on clinical analytics market include:

  • CareCloud Corporation (U.S)
  • Medical Information Technology, Inc. (U.S)
  • Hewlett-Packard Enterprise Development LP (U.S)
  • ArborMetrix, Inc. (U.S)
  • McKesson Corporation (U.S)
  • Cerner Corporation (U.S)
  • IBM Corporation (U.S)
  • Optum, Inc. (U.S)
  • Allscripts Healthcare Solutions, Inc. (U.S)

 

Notable Market Developments: IT Spending on Clinical Analytics Market

  • In January 2018, Allscripts has acquired Practice Fusion business in order to expand its big data insights and analytics, data sharing technologies, and clinical trial solutions to enable life sciences organizations to accelerate bringing life-changing therapies to market.

 

Key Features of the Report:

  • The report covers exhaustive regional information, that includes North America (The USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Venezuela, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa)
  • The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenari0
  • CareCloud Corporation (U.S)
  • Medical Information Technology, Inc. (U.S)
  • Hewlett-Packard Enterprise Development LP (U.S)
  • ArborMetrix, Inc. (U.S)
  • McKesson Corporation (U.S)
  • Cerner Corporation (U.S)
  • IBM Corporation (U.S)
  • Optum, Inc. (U.S)
  • Allscripts Healthcare Solutions, Inc. (U.S)

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