(Health-NewsWire.Net, May 31, 2017 ) Market Data Forecast recently published a report on the “ North America Clinical Data Analytics Market ” which estimates the market to grow from USD 1.46 billion from 2016 to USD 8.81 billion with a high CAGR of 43.31%.Clinical data analytics refers to the information of the patients which is required to be held with the doctors. This data can be in three forms qualitative data, quantitative data and transactional data.
To give an idea in depth, quantitative data consists of laboratory values of the patient, qualitative data comprises of all textual demographics and documents whereas, transactional data consist of a complete record of a patient for example, record of a medical delivery. Clinical data analytics is essential because it not only helps the patients but also assist their physicians to opt for the best treatment and diagnosis which leads to better care and efficient treatment. According to the research, USA is set to devote around 20% of its GDP on healthcare facilities by 2017, which is the highest proportion in comparison with other developed countries.
The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. Few factors analysed in the section are rising focus towards providing better healthcare facilities, non-stringent government policies, benefits of costs, rise in cognizance for prompt diagnosis, improving healthcare infrastructure in developing markets and issues related to software security and privacy.
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The market is segmented based on deployment model, services and end use and studied for a deep-level understanding of the Clinical data analytics market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Based on Deployment Model: • Cloud • On-Premise
Based on Services: • Consulting • Maintenance
Based on End-use Sector: • Pharmaceuticals • Healthcare Providers • Biotechnology • Academia
North American Market is studied in geographic perspective by segregating the market shares between USA and Canada. The study identifies North America as the predominant region comprising of about 55% share in the Global Market.
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As per the report, companies like BM, CareEvolution, Intersystems, Explorys, Cerner, Caradigm, Truven Health Analytics, Wellcentive, McKesson and Athenahealth are contributing a fair share to the North American Clinical Data Analytics Market. However, due to advancements in the technology and improvements being made for better healthcare facilities there is an intense competition among the players in the market.
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Scope of the North America Clinical Data Analytics Market:
• Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region
• To detect major focus areas of industrial growth Segment-level analysis on basis of deployment model, services and end use along with market size forecasts and y-o-y estimations are provided
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
• An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
• Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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For more reports related to the Healthcare Market:
Clinical Data Analysis Market: http://www.marketdataforecast.com/market-reports/global-clinical-data-analytics-market-1754/
Digital Pathology Market: http://www.marketdataforecast.com/market-reports/global-digital-pathology-market-292/
Global Healthcare Analytics Market: http://www.marketdataforecast.com/market-reports/global-healthcare-analytics-market-158/
Healthcare BPO Market: http://www.marketdataforecast.com/market-reports/global-healthcare-bpo-market-251/
Healthcare information Exchange Market: http://www.marketdataforecast.com/market-reports/global-healthcare-information-exchange-market-1668/
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