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Report
Clinical Data Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-24 I 144 Pages I IMARC Group
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 36.19% during 2022-2028.
Clinical data analytics transforms structured and unstructured medical data into a single, standardized ecosystem in real-time. It relies on sophisticated machine learning (ML) analysis to generate predictive and hidden insights. It assists healthcare providers in making informed decisions, providing clinical decision support, improving population health, enhancing care coordination, and improving patient wellness. As a result, it is widely adopted by health organizations across the globe to retrieve data concerning different aspects of health system performance, such as patient outcomes, population health, and clinical quality. Besides this, it can help reduce medication errors, minimize administrative costs, and increase revenues.
Clinical Data Analytics Market Trends:
The increasing usage of electronic health records (EHRs) on account of rapid digitization in healthcare management has led to vast amounts of clinical data. This represents one of the key factors driving the need for clinical data analytics to streamline information and minimize human errors. This can also be attributed to the increasing application of EHR solutions in improving patient care coordination and accessing information in real-time due to a significant impact of coronavirus disease (COVID-19) on healthcare infrastructure worldwide. Apart from this, the emergence of m-health apps, in confluence with the increasing emphasis on high-quality personalized care in hospitals, is contributing to the market growth. Moreover, several health organizations are integrating clinical data analytics to address the challenges of changing governmental regulations while lowering healthcare costs and improving the overall quality of patient care. Besides this, rising investments in clinical studies of new drugs due to the growing prevalence of chronic diseases are anticipated to positively influence the demand for clinical data analytics across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global clinical data analytics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on solution, deployment mode, application and end user.
Breakup by Solution:
Software
Services
Breakup by Deployment Mode:
Cloud-based
On-premises
Breakup by Application:
Quality Improvement and Clinical Benchmarking
Clinical Decision Support
Regulatory Reporting and Compliance
Comparative Analytics
Precision Health
Breakup by End User:
Pharmaceutical Companies
Healthcare Organizations
Research Organizations
Government Organizations
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
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 and Xerox Holdings Corporation.
Key Questions Answered in This Report
1. What was the size of the global clinical data analytics market in 2022?
2. What is the expected growth rate of the global clinical data analytics market during 2023-2028?
3. What has been the impact of COVID-19 on the global clinical data analytics market?
4. What are the key factors driving the global clinical data analytics market?
5. What is the breakup of the global clinical data analytics market based on the solution?
6. What is the breakup of the global clinical data analytics market based on the deployment mode?
7. What is the breakup of the global clinical data analytics market based on the application?
8. What is the breakup of the global clinical data analytics market based on the end user?
9. What are the key regions in the global clinical data analytics market?
10. Who are the key players/companies in the global clinical data analytics market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Clinical Data Analytics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Solution
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment Mode
7.1 Cloud-based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 On-premises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Quality Improvement and Clinical Benchmarking
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Clinical Decision Support
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Regulatory Reporting and Compliance
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Comparative Analytics
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Precision Health
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End User
9.1 Pharmaceutical Companies
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Healthcare Organizations
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Research Organizations
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Government Organizations
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Allscripts Healthcare Solutions Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 CareEvolution LLC
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Cerner Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Health Catalyst
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.5 International Business Machines Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 InterSystems Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 SWOT Analysis
15.3.7 Koninklijke Philips N.V.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Medeanalytics Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Sisense Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 UnitedHealth Group Incorporated
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Xerox Holdings Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
Figure 1: Global: Clinical Data Analytics Market: Major Drivers and Challenges
Figure 2: Global: Clinical Data Analytics Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Clinical Data Analytics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Clinical Data Analytics Market: Breakup by Solution (in %), 2022
Figure 5: Global: Clinical Data Analytics Market: Breakup by Deployment Mode (in %), 2022
Figure 6: Global: Clinical Data Analytics Market: Breakup by Application (in %), 2022
Figure 7: Global: Clinical Data Analytics Market: Breakup by End User (in %), 2022
Figure 8: Global: Clinical Data Analytics Market: Breakup by Region (in %), 2022
Figure 9: Global: Clinical Data Analytics (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Clinical Data Analytics (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Clinical Data Analytics (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Clinical Data Analytics (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Clinical Data Analytics (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Clinical Data Analytics (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Clinical Data Analytics (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Clinical Data Analytics (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Clinical Data Analytics (Quality Improvement and Clinical Benchmarking) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Clinical Data Analytics (Quality Improvement and Clinical Benchmarking) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Clinical Data Analytics (Clinical Decision Support) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Clinical Data Analytics (Clinical Decision Support) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Clinical Data Analytics (Regulatory Reporting and Compliance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Clinical Data Analytics (Regulatory Reporting and Compliance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Clinical Data Analytics (Comparative Analytics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Clinical Data Analytics (Comparative Analytics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Clinical Data Analytics (Precision Health) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Clinical Data Analytics (Precision Health) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Clinical Data Analytics (Pharmaceutical Companies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Clinical Data Analytics (Pharmaceutical Companies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Clinical Data Analytics (Healthcare Organizations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Clinical Data Analytics (Healthcare Organizations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Clinical Data Analytics (Research Organizations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Clinical Data Analytics (Research Organizations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Clinical Data Analytics (Government Organizations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Clinical Data Analytics (Government Organizations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: North America: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: North America: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: United States: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: United States: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Canada: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Canada: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Asia-Pacific: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Asia-Pacific: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: China: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: China: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Japan: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Japan: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: India: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: India: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: South Korea: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: South Korea: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Australia: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Australia: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Indonesia: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Indonesia: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Others: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Others: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Europe: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Europe: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Germany: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Germany: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: France: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: France: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: United Kingdom: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: United Kingdom: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Italy: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Italy: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Spain: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Spain: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Russia: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Russia: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Latin America: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Latin America: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Brazil: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Brazil: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Mexico: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Mexico: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Middle East and Africa: Clinical Data Analytics Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Middle East and Africa: Clinical Data Analytics Market: Breakup by Country (in %), 2022
Figure 83: Middle East and Africa: Clinical Data Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Global: Clinical Data Analytics Industry: SWOT Analysis
Figure 85: Global: Clinical Data Analytics Industry: Value Chain Analysis
Figure 86: Global: Clinical Data Analytics Industry: Porter's Five Forces Analysis
Table 1: Global: Clinical Data Analytics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Clinical Data Analytics Market Forecast: Breakup by Solution (in Million US$), 2023-2028
Table 3: Global: Clinical Data Analytics Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 4: Global: Clinical Data Analytics Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Clinical Data Analytics Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Clinical Data Analytics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Clinical Data Analytics Market: Competitive Structure
Table 8: Global: Clinical Data Analytics Market: Key Players
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