Market Overview:
The global practice analytics market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing demand for big data and analytics solutions across various industries and the growing need for improving patient care. The clinical module segment is expected to hold the largest share of the global practice analytics market in 2018, owing to the increasing demand for big data and analytics solutions across various industries, such as healthcare and life sciences. However, the front office module segment is projected to grow at a higher CAGR during the forecast period, owing to its ability to provide actionable insights that help improve patient care. In terms of region, North America accounted for the largest share of the global practice analytics market in 2017; however, Asia Pacific is projectedto grow at a higher CAGR duringthe forecast period.
Product Definition:
Practice analytics is the process of collecting, organizing, and analyzing data to improve performance in a clinical setting. The purpose of practice analytics is to identify areas where improvement is needed and to develop interventions that will lead to better patient outcomes. Practice analytics can be used by clinicians, managers, and administrators to make informed decisions about how best to allocate resources and improve care.
Clinical Module:
Clinical module is software that helps healthcare professionals to keep a track of their patients medical history and also helps in entering the data pertaining to the patient's health conditions, medications, allergies etc. into the electronic medical record (EMR) system. The clinical module also provides tools for generating reports and allowing physicians to share information with other healthcare professionals via secure communication mediums such as e-mail or file transfer protocol (FTP).
Front Office Module:
The front office module is a software application that provides analytical tools for sports, business, and other non-sports related activities. It helps in tracking players performance and also provides data visualization tools to help the organization make better decisions. The FSM helps in providing real-time data analysis which can be further used by the coaches or managers to take decision on the field or from within the dugout.
Application Insights:
The academic medical institutes and universities segment held the largest market share in 2017. This is attributed to the presence of a large number of academic medical institutes and universities across various regions, which are considered as key users of practice analytics due to rising demand for improved patient care. Furthermore, increasing government funding for research at academic medical institutions will further boost industry growth over the forecast period.
The others application segment includes hospitals, independent laboratories and other non-academic healthcare providers that use practice analytics solutions to improve their business operations or expand their revenue stream through new avenues such as online services or mobile applications. The hospital segment is expected to be one of the fastest growing segments owing to an increase in demand from patients for better treatment options leading healthcare providers towards adopting new technologies such as Practice Fusion by Cerner Corporation since it provides real-time clinical data with insights into patient conditions allowing them make better decisions about how best treat each condition while reducing costs associated with diagnosis & treatment procedures.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, high adoption rate for advanced technologies across this region, and increasing demand for efficient healthcare services leading to better outcomes at lower costs. The Asia Pacific is expected to witness lucrative growth over the forecast period owing to improving healthcare infrastructure and rising awareness about clinical trials in emerging countries such as China & India.
Major companies operating in this industry are Pfizer Inc., Allergan PLC., Novartis AG., GlaxoSmithKline plc., F.
Growth Factors:
- Increased demand for data-driven decision making in the healthcare industry
- Growing number of accountable care organizations (ACOs) and health information exchanges (HIEs)
- Rising popularity of big data and analytics platforms
- Proliferation of mobile devices and apps in the healthcare sector
- Emergence of cloud-based services
Scope Of The Report
Report Attributes
Report Details
Report Title
Practice Analytics Market Research Report
By Type
Clinical Module, Front Office Module, Business Module
By Application
Academic Medical Institutes and Universities, Government and Independent Research Laboratories, Others
By Companies
IBM, SAP, Accenture, Meditab, Practice Analytics, Greenway Health, MedEvolve, Cardinal Health, Mckesson, DigiChart, Cleardent, Esimplify Solutions, Visualize Health, Rob Hall Design, Tadigital, BrainCloud, CTech, Square Practice
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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Practice Analytics Market Report Segments:
The global Practice Analytics market is segmented on the basis of:
Types
Clinical Module, Front Office Module, Business Module
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
Academic Medical Institutes and Universities, Government and Independent Research Laboratories, 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
- SAP
- Accenture
- Meditab
- Practice Analytics
- Greenway Health
- MedEvolve
- Cardinal Health
- Mckesson
- DigiChart
- Cleardent
- Esimplify Solutions
- Visualize Health
- Rob Hall Design
- Tadigital
- BrainCloud
- CTech
- Square Practice
Highlights of The Practice Analytics 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:
- Clinical Module
- Front Office Module
- Business Module
- By Application:
- Academic Medical Institutes and Universities
- Government and Independent Research Laboratories
- 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 Practice Analytics 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Practice analytics is a term used to describe the use of data and analytics to improve patient care. It can encompass everything from understanding how patients are using health services, to improving the quality of care delivered.
Some of the key players operating in the practice analytics market are IBM, SAP, Accenture, Meditab, Practice Analytics, Greenway Health, MedEvolve, Cardinal Health, Mckesson, DigiChart, Cleardent, Esimplify Solutions, Visualize Health, Rob Hall Design, Tadigital, BrainCloud, CTech, Square Practice.
The practice analytics 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 Practice Analytics 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 Practice Analytics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Practice Analytics 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 Practice Analytics 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 Practice Analytics Market Size & Forecast, 2018-2028
4.5.1 Practice Analytics Market Size and Y-o-Y Growth
4.5.2 Practice Analytics Market Absolute $ Opportunity
Chapter 5 Global Practice Analytics 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 Practice Analytics Market Size Forecast by Type
5.2.1 Clinical Module
5.2.2 Front Office Module
5.2.3 Business Module
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Practice Analytics 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 Practice Analytics Market Size Forecast by Applications
6.2.1 Academic Medical Institutes and Universities
6.2.2 Government and Independent Research Laboratories
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Practice Analytics 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 Practice Analytics 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 Practice Analytics Analysis and Forecast
9.1 Introduction
9.2 North America Practice Analytics 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 Practice Analytics Market Size Forecast by Type
9.6.1 Clinical Module
9.6.2 Front Office Module
9.6.3 Business Module
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 Practice Analytics Market Size Forecast by Applications
9.10.1 Academic Medical Institutes and Universities
9.10.2 Government and Independent Research Laboratories
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 Practice Analytics Analysis and Forecast
10.1 Introduction
10.2 Europe Practice Analytics 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 Practice Analytics Market Size Forecast by Type
10.6.1 Clinical Module
10.6.2 Front Office Module
10.6.3 Business Module
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 Practice Analytics Market Size Forecast by Applications
10.10.1 Academic Medical Institutes and Universities
10.10.2 Government and Independent Research Laboratories
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 Practice Analytics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Practice Analytics 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 Practice Analytics Market Size Forecast by Type
11.6.1 Clinical Module
11.6.2 Front Office Module
11.6.3 Business Module
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 Practice Analytics Market Size Forecast by Applications
11.10.1 Academic Medical Institutes and Universities
11.10.2 Government and Independent Research Laboratories
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 Practice Analytics Analysis and Forecast
12.1 Introduction
12.2 Latin America Practice Analytics 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 Practice Analytics Market Size Forecast by Type
12.6.1 Clinical Module
12.6.2 Front Office Module
12.6.3 Business Module
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 Practice Analytics Market Size Forecast by Applications
12.10.1 Academic Medical Institutes and Universities
12.10.2 Government and Independent Research Laboratories
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) Practice Analytics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Practice Analytics 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) Practice Analytics Market Size Forecast by Type
13.6.1 Clinical Module
13.6.2 Front Office Module
13.6.3 Business Module
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) Practice Analytics Market Size Forecast by Applications
13.10.1 Academic Medical Institutes and Universities
13.10.2 Government and Independent Research Laboratories
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 Practice Analytics Market: Competitive Dashboard
14.2 Global Practice Analytics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 SAP
14.3.3 Accenture
14.3.4 Meditab
14.3.5 Practice Analytics
14.3.6 Greenway Health
14.3.7 MedEvolve
14.3.8 Cardinal Health
14.3.9 Mckesson
14.3.10 DigiChart
14.3.11 Cleardent
14.3.12 Esimplify Solutions
14.3.13 Visualize Health
14.3.14 Rob Hall Design
14.3.15 Tadigital
14.3.16 BrainCloud
14.3.17 CTech
14.3.18 Square Practice
