Clinical Data Analytics Market Size, Industry Share, Trends, Report 2023-2028

Industry Overview:

According to the latest report by IMARC Group, titled “Clinical Data Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the Clinical Data Analytics Market Size. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global clinical data analytics market size reached US$ 14.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 93.8 Billion by 2028, exhibiting a growth rate (CAGR) of 35.4% during 2023-2028. Clinical data analytics is a discipline that uses machine learning (ML) to retrieve real-time medical data while helping healthcare providers to make quicker decisions, generate insights and improve patient wellness. It is further utilized for transforming structured and unstructured data into a standardized ecosystem. Clinical data can be differentiated into predictive, discovery, diagnostic, prescriptive and descriptive.

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Global Clinical Data Analytics Market Trends:

Increasing investments in research and development (R&D) activities and clinical studies of new drugs are primarily driving the global clinical data analytics market growth. In line with this, the integration of the Internet-of-Things (IoT) with clinical data analytics has enabled patients to track their own health data and share it with healthcare professionals, which is further fueling the market growth. The widespread adoption of electronic health records (EHRs) and the numerous initiatives undertaken by governments of various nations for improving the healthcare infrastructure are some of the other factors that are creating a positive outlook for the market.

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles 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
Xerox Holdings Corporation

Key Market Segmentation:

Solution:

Software
Services

Deployment Mode:

Cloud-based
On-premises

Application:

Quality Improvement and Clinical Benchmarking
Clinical Decision Support
Regulatory Reporting and Compliance
Comparative Analytics
Precision Health

End User:

Pharmaceutical Companies
Healthcare Organizations
Research Organizations
Government Organizations

Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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