Market Outline: IT Spending on Clinical Analytics Market Clinical analytics encompasses the capture and use of discrete clinical data to identify and measure quality, patient safety, or service line efficiencies and improvements. Clinical analytics and business intelligence tools have emerged as a top priority for the hospital IT leaders who are moving towards accountable care adoption.
Market Dynamics: IT Spending on Clinical Analytics Market Increase in the demand of value-based care for population health is driving the growth of the IT spending on clinical analytics market. Growing adoption of digital data management tools in the healthcare sector and digitization is playing a vital role in the healthcare which is enhancing the growth of the IT spending on clinical analytics market. The ability of the clinical analytical tools in providing highly refined data in the lesser span of time is anticipated to drive the growth of the IT spending on clinical analytics market. However, the difficulties faced in the analysis of the healthcare owing to its huge volume and data lack of skilled professionals is hampering the growth of the IT spending on clinical analytics market.
Market Scope: IT Spending on Clinical Analytics Market IT spending on clinical analytics market is segmented based on the solution, platform, deployment and end-user Based on the solution, the market is segmented into the following: In-House o Hardware o Software o Services Outsource Based on the platform, the market is segmented into the following: Stand-Alone Integrated Based on the deployment, the market is segmented into the following: Cloud-Based On-Premise Based on the end user, the market is segmented into the following: Payer o Insurance Companies o Government o Other Provider o Hospitals o Clinics
Regional Analysis: IT Spending on Clinical Analytics Market Geographically, global IT spending on clinical analytics market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America IT spending on clinical analytics market driven by rising demand for the quality care in the healthcare sector. The support from the government in developing the healthcare sector is anticipated to fuel the IT spending on clinical analytics market in the region. Europe IT spending on clinical analytics market falls next to North America. The Asia Pacific IT spending on clinical analytics market is expected to grow at significant rate over the forecast period. Competition Assessment: IT Spending on Clinical Analytics Market Some of the players in the global IT spending on clinical analytics market include: CareCloud Corporation (U.S) Medical Information Technology, Inc. (U.S) Hewlett-Packard Enterprise Development LP (U.S) ArborMetrix, Inc. (U.S) McKesson Corporation (U.S) Cerner Corporation (U.S) IBM Corporation (U.S) Optum, Inc. (U.S) Allscripts Healthcare Solutions, Inc. (U.S)
Notable Market Developments: IT Spending on Clinical Analytics Market In January 2018, Allscripts has acquired Practice Fusion business in order to expand its big data insights and analytics, data sharing technologies, and clinical trial solutions to enable life sciences organizations to accelerate bringing life-changing therapies to market.
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