Clinical Intelligence Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Clinical intelligence, also known as clinical data analytics, is a set of technologies that involves the analysis of data in order to improve healthcare delivery. The data is entered into the information system at the time of care delivery and then analysed to manage the performance indicators that affect a healthcare organization's output. Software solutions are becoming highly significant in insurance claim processing and fraud detection. Furthermore, the increasing number of software companies participating in healthcare IT and EHR has an impact on global market growth.

MARKET SCOPE

The Global Clinical Intelligence Market Analysis to 2031 is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the clinical intelligence market with detailed market segmentation by type, component, application and end user. The report provides key statistics on the market status of the leading clinical intelligence market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type the market is segmented as, population health management, retrospective performance measures & predictive analytics, clinical benchmarking, clinical decision support (CDSS) system, quality improvement, performance measurement systems, and others.
  
•   Based on component the market is segmented as, software, hardware, and services.
  
•   Based on application the market is segmented as, revenue cycle management (RCM), supply chain, fraud management, financial management, claim processing.
  
•   Based on end user the market is segmented as, hospitals, clinics and others.
  

MARKET DYNAMICS

Drivers:

•   Rising adoption of clinical intelligence in healthcare sector.
  
•   Growing significance of software solutions in fraud detection and insurance claim processing.
  
•   Increasing number of software companies in EHR and healthcare IT impacts the clinical intelligence market.
  
•   Technological advancements and increasing healthcare expenditures is also expected to spur the market growth.
  

Restraints:

•   However, high cost of clinical intelligence solutions is expected to restrain market growth during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The clinical intelligence market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the clinical intelligence market in these regions.

IMPACT OF COVID-19 ON CLINICAL INTELLIGENCE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the clinical intelligence market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from clinical intelligence market are anticipated to lucrative growth opportunities in the future with the rising demand for Clinical intelligence in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the clinical intelligence market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   GENERAL ELECTRIC COMPANY
  
•   NXGN Management, LLC
  
•   Allscripts Healthcare, LLC
  
•   Cerner Corporation
  
•   IBM
  
•   Epic Systems Corporation
  
•   Greenway Health, LLC
  
•   McKesson Corporation
  
•   eClinicalWorks
  
•   Saama Technologies, Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Clinical Intelligence Report Scope