The Healthcare Clinical Analytics Market is expected to grow on a persistent note in the future. With AI making its mark everywhere, how could the healthcare vertical be left behind? Abnormalities in the medical scans could be easily spotted by radiologists with the help of machine learning. Likewise, the healthcare vertical is poised to develop on a ravishing note with technological advancements on the anvil in the next decade.
The Healthcare Clinical Analytics Market will witness a CAGR of 15%, reaching US$ 28,000 Million between 2022. With medical IoT implying the use of wearable monitors, devices, and various integrated applications regarding healthcare needs, the healthcare vertical is bound to scale new-fangled heights in the upcoming period. This is what the healthcare vertical would all be in the next 10 years.
The cost of providing quality healthcare is rising and this issue is faced by even the developed countries of the West. Hence providing efficient, quality and cost-effective healthcare is a priority for all. However, there is a lack of adequate funding for healthcare due to political, economic and other governance related compulsions and thus the healthcare system has to operate within this restraint.
Also, even though healthcare funding and health insurance programs exist, there is a steep increase in the cost of providing quality healthcare. Due to these reasons, healthcare providers are opting for the adoption of cost curbing tools such as healthcare clinical analytics.
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Company Profiles
- IBM Corporation
- Cerner Corporation
- McKesson Corporation
- Allscripts Healthcare Solutions, Inc.
- Oracle Corporation
- Optum Inc.
- Medical Information Technology Inc.
- Hewlett Packard Enterprise Company
- Qsi Management LLC
- CareCloud Corporation
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Due to healthcare clinical analytics, tools like big data can be used to analyze large amounts of healthcare information generated and this can be used to draw inferences and conclusions that makes the entire healthcare system efficient and transparent. Due to these factors, the global healthcare clinical analytics market is growing at a brisk pace.
The global healthcare clinical analytics market is slated to touch a value of about US$ 28,000 Mn in the year 2022 and grow at a robust CAGR during the assessment period.
4 Forecast Highlights on Global Healthcare Clinical Analytics Market
As per the forecast of Persistence Market Research, the integrated platform type segment is slated to touch a value of nearly US$ 19,000 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The integrated platform type segment is estimated to account for nearly two-thirds of the revenue share of the platform type segment by the year 2017 and is forecasted to gain market share by 2022 over 2017.
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As per the forecast of Persistence Market Research, the clinics segment will reach a value of nearly US$ 850 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The clinics segment is forecasted to account for nearly one-tenth of the total revenue share of the end-user segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
As per the forecast of Persistence Market Research, the on-premise segment is slated to reach a value of nearly US$ 11,600 Mn in 2022. The on-premise segment is expected to lose market share by the end of the year 2022. The largest share is contributed by the North America region in the on-premise segment.
Persistence Market Research forecasts the in-house solution type segment to exhibit a compound annual growth rate (CAGR) of about 15% from 2017 to 2022.
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