Market Overview:
The global clinical healthcare analytics services market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for big data and analytics services, rising incidence of chronic diseases, and growing need for cost-effective and efficient healthcare delivery models. The global clinical healthcare analytics services market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into service and software. The service segment dominates the global clinical healthcare analytics services market owing to its ability to provide actionable insights in real time as compared to software which are used for retrospective analysis only.
Product Definition:
Clinical Healthcare Analytics Services is the process of collecting, managing and analyzing healthcare data in order to improve patient care. The importance of Clinical Healthcare Analytics Services is that it allows healthcare providers to identify trends and patterns in patient data that can help improve treatment plans and outcomes.
Service:
Service is the process that occurs between a patient and the healthcare provider. It includes all activities, which are involved in delivering health services to patients by doctors, nurses or other healthcare professionals. Service includes diagnosis, prevention of disease, treatment & rehabilitation of patients as well as provision of preventive care to individuals.
In recent times there has been an increase in demand for value-based care models due to rising cost of medical treatments.
Software:
Software is any tangible or intangible tool or device used to achieve a desired objective. In the current scenario, it has become essential for every industry including healthcare and life science industries. The software helps in maintaining records of patients, medical practitioners & their relationship with patients, insurance claims processing and many more processes which are critical to run a business smoothly. It also helps in generating reports that provide valuable insights into the market trends thereby helping companies make better decisions regarding their future strategies and operations.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is projected to expand at a steady CAGR over the forecast period. The segment includes laboratories, imaging centers, home care services, and other clinical facilities. These facilities use healthcare analytics to improve patient safety by reducing medical errors through data-driven decisions at various levels of patient care. Analytics solutions help reduce readmission rates by improving communication between providers and patients as well as their families. They also help identify high cost patients who require higher level of attention during treatment so that they do not suffer financial losses due to expensive medication or hospital bills.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of players coupled with the high adoption rate of advanced technologies is expected to drive growth over the forecast period. In addition, increasing demand for quality healthcare services and rising investments by governments are contributing to regional growth.
Asia Pacific is anticipated to witness lucrative CAGR during the forecast period owing to factors such as improving healthcare infrastructure and growing patient awareness levels regarding available diagnostic facilities & availability of treatment options at hospitals & clinics. Moreover, government initiatives encouraging R&D activities in this region are likely to boost revenue generation opportunities for vendors operating in this space over the next eight years time frame.
Growth Factors:
- Increasing demand for Clinical Healthcare Analytics Services due to rising incidence of chronic diseases and growing geriatric population
- Proliferation of big data and emergence of cloud-based analytics services that offer faster, more accurate, and cost-effective insights
- Growing need for reducing healthcare costs and improving patient outcomes through better decision support systems
- Rising demand from payers, providers, and patients for greater transparency in clinical care delivery
- Emergence of new business models such as accountable care organizations (ACOs) that are driving the adoption of Clinical Healthcare Analytics Services
Scope Of The Report
Report Attributes
Report Details
Report Title
Clinical Healthcare Analytics Services Market Research Report
By Type
Service, Software
By Application
Hospitals, Clinics, Others
By Companies
IBM, Optum Health, Oracle, Elsevier, MedeAnalytics, McKesson, Allscripts, Cerner, SAS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Clinical Healthcare Analytics Services Market Report Segments:
The global Clinical Healthcare Analytics Services market is segmented on the basis of:
Types
Service, Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Optum Health
- Oracle
- Elsevier
- MedeAnalytics
- McKesson
- Allscripts
- Cerner
- SAS
Highlights of The Clinical Healthcare Analytics Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Service
- Software
- By Application:
- Hospitals
- Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Clinical Healthcare Analytics Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Clinical Healthcare Analytics Services is a business that provides analytics and consulting services to healthcare organizations. These services include helping hospitals and health systems improve their data management, analysis, and reporting capabilities. They also offer guidance on how to use analytics to improve patient care.
Some of the major companies in the clinical healthcare analytics services market are IBM, Optum Health, Oracle, Elsevier, MedeAnalytics, McKesson, Allscripts, Cerner, SAS.
The clinical healthcare analytics services market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Clinical Healthcare Analytics Services Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Clinical Healthcare Analytics Services Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Clinical Healthcare Analytics Services Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Clinical Healthcare Analytics Services Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Clinical Healthcare Analytics Services Market Size & Forecast, 2018-2028 4.5.1 Clinical Healthcare Analytics Services Market Size and Y-o-Y Growth 4.5.2 Clinical Healthcare Analytics Services Market Absolute $ Opportunity
Chapter 5 Global Clinical Healthcare Analytics Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Clinical Healthcare Analytics Services Market Size Forecast by Type
5.2.1 Service
5.2.2 Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Clinical Healthcare Analytics Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Clinical Healthcare Analytics Services Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Clinical Healthcare Analytics Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Clinical Healthcare Analytics Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Clinical Healthcare Analytics Services Analysis and Forecast
9.1 Introduction
9.2 North America Clinical Healthcare Analytics Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Clinical Healthcare Analytics Services Market Size Forecast by Type
9.6.1 Service
9.6.2 Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Clinical Healthcare Analytics Services Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Clinical Healthcare Analytics Services Analysis and Forecast
10.1 Introduction
10.2 Europe Clinical Healthcare Analytics Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Clinical Healthcare Analytics Services Market Size Forecast by Type
10.6.1 Service
10.6.2 Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Clinical Healthcare Analytics Services Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Clinical Healthcare Analytics Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Clinical Healthcare Analytics Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Clinical Healthcare Analytics Services Market Size Forecast by Type
11.6.1 Service
11.6.2 Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Clinical Healthcare Analytics Services Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Clinical Healthcare Analytics Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Clinical Healthcare Analytics Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Clinical Healthcare Analytics Services Market Size Forecast by Type
12.6.1 Service
12.6.2 Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Clinical Healthcare Analytics Services Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Clinical Healthcare Analytics Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Clinical Healthcare Analytics Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Clinical Healthcare Analytics Services Market Size Forecast by Type
13.6.1 Service
13.6.2 Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Clinical Healthcare Analytics Services Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Clinical Healthcare Analytics Services Market: Competitive Dashboard
14.2 Global Clinical Healthcare Analytics Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Optum Health
14.3.3 Oracle
14.3.4 Elsevier
14.3.5 MedeAnalytics
14.3.6 McKesson
14.3.7 Allscripts
14.3.8 Cerner
14.3.9 SAS