(Health-NewsWire.Net, February 28, 2018 ) The Europe Clinical Data Analytics Market was worth $0.48 billion in 2016 and estimated to show a significant growth at a CAGR of 43.37%, to reach $2.89 billion by 2021.
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The market is showing significant potential in the mentioned forecasting period. The market continues to grow rapidly with the growth of Big data industry within the healthcare. Big data has been responsible for showing better results in improving healthcare, saving lives and that too at low costs.
Clinical Data Analytics has become an important tool for doctors and physicians in taking decisions related to patient’s healthcare and help in providing a better understanding of the health of the demographics. The technology varies based on the data needed or the users of the information which can include nurses, doctors, public health officials etc.
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The population has been more focused towards health management lately and this has been a major factor driving the Clinical Data Analytics market. Other key factors supporting market growth are supportive government policies, cost benefits and better opportunities to provide high quality services to patients. Some of the challenges and restraints faced by Clinical Data Analytics market include end user market fragmentation, software privacy issues, security issues.
The Europe market for Clinical Data Analytics is segmented based on Deployment Model, Services and End Use Sector. Based on the deployment model the market for Clinical Data Analytics is segmented into Cloud and On-Premise. Further, under services the segmentation is done into Consulting and Maintenance, and under End use sector the segmentation is done into Pharmaceuticals, Healthcare Providers, Biotechnology and Academia. On-Premise segmentation accounted for higher share compared to the Cloud segmentation. Similarly Consulting and Pharmaceuticals segmentations exhibit the highest share in their respective segments. On the basis of geographical analysis, the Europe market is analysed under various countries namely Germany, Spain, UK, France and Italy.
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Many companies have shown interest in this industry and some of the leading ones are IBM, Caradigm, CareEvolution, Explorys, Intersystems, Cerner, Truven Health Analytics, Wellcentive, McKesson, Athenahealth.
Clinical Data Analytics Market Segmentation: Deployment Model Introduction Cloud On-Premise Y-o-Y Growth Analysis, By Deployment Model Market Attractiveness Analysis, By Deployment Model Market Share Analysis, By Deployment Model Services Introduction Consulting Maintenance Y-o-Y Growth Analysis, By Services Market Attractiveness Analysis, By Services Market Share Analysis, By Services End Use Sector Introduction Pharmaceuticals Healthcare Providers Biotechnology Academia Y-o-Y Growth Analysis, By End Use Sector Market Attractiveness Analysis, By End Use Sector Market Share Analysis, By End Use Sector The scope of the report: • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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