USD 800 million
Clinical Intelligence Market Size, Share, Growth Analysis, By Component(Hardware, Software, Services), By Type(Population Health Management, Retrospective Performance Management, Predictive Analytics, Clinical Benchmarking), By Application(Revenue Cycle Management, Supply Chain, Fraud, Financial Management), By End-User(Hospitals, Clinics, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2265 |
Region:
Global |
Published Date: July, 2024
Pages:
219
|Tables:
92
|Figures:
76
Clinical Intelligence Market Insights
Global Clinical Intelligence Market size was valued at USD 1.12 Billion in 2022 and is poised to grow from USD 1.27 Billion in 2023 to USD 3.47 Billion by 2031, at a CAGR of 13.4% during the forecast period (2024-2031)
The Global Clinical Intelligence Market is witnessing full-size boom pushed with the aid of the increasing adoption of superior analytics and artificial intelligence in healthcare. Clinical intelligence leverages facts-pushed insights to decorate choice-making in affected person care, useful resource management, and operational performance. The marketplace is fueled by means of the developing quantity of healthcare data, technological advancements, and the need for personalized and cost-primarily based care. Key drivers encompass a focal point on enhancing patient effects, optimizing healthcare workflows, and addressing the challenges of information complexity. As the healthcare enterprise maintains to prioritize information-pushed techniques, the Clinical Intelligence Market is poised for endured enlargement.
Market Snapshot - 2024-2031)
Global Market Size
Largest Segment
Hardware
Fastest Growth
Hardware
Growth Rate
13.10% CAGR
Clinical Intelligence Market ($ Bn)
Country Share for North America Region (%)
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Clinical Intelligence Market Segmental Analysis
Clinical Intelligence market is segmented on the basis of component, type, application, end-user, and region. Based on component, the market is segmented into Hardware, Software, and Services. Based on type, the market is segmented into Population Health Management, Retrospective Performance Management Predictive Analytics, Clinical Benchmarking, Clinical Decision Support System, Quality Improvement, and Performance Measurement Systems. Based on application, the market is segmented into Revenue Cycle Management, Supply Chain, Fraud, and Financial Management. Based on end-user, the market is segmented into Hospitals, Clinics, and Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Component
In 2023, Software has dominated the Clinical Intelligence Market. The growing call for stylish analytics gear, synthetic intelligence (AI) applications, and gadget gaining knowledge of platforms in healthcare contributes to the prominence of software components. Software answers are critical for processing and deciphering good sized amounts of scientific data, imparting actionable insights for healthcare professionals.
Services, which include consulting, implementation, and help services, are predicted to be the fastest-developing aspect. As healthcare businesses an increasing number of undertake scientific intelligence answers, there's a parallel call for services to assist in the integration, customization, and ongoing management of these sophisticated structures. Services play a critical position in making sure a hit implementation and utilization of clinical intelligence answers, riding their fast boom.
Analysis by Application
Clinical Decision Support (CDS) is probable to dominate the Clinical Intelligence Market. The emphasis on proof-primarily based medicine, coupled with the want for actual-time insights at some stage in affected person care, makes CDS a pivotal application. Clinical Decision Support systems assist healthcare experts in making knowledgeable selections with the aid of offering applicable, records-driven suggestions.
Population Health Management is expected to be the quickest-developing application. The shift closer to price-based care models and a focal point on preventive healthcare drive the call for for answers that could analyze and control fitness statistics on the populace stage. Population Health Management packages play a crucial role in optimizing care transport, lowering charges, and improving standard health consequences.
Clinical Intelligence Market By Component
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Clinical Intelligence Market Regional Insights
North America is in all likelihood to dominate the Clinical Intelligence Market. The area has a nicely-mounted healthcare infrastructure, early adoption of advanced technology, and a high stage of funding in healthcare IT. Favorable authorities initiatives, supportive regulatory frameworks, and a focal point on data-driven healthcare practices make a contribution to North America's dominance.
The Asia-Pacific area is anticipated to be the fastest-developing market. Increasing healthcare spending, fast virtual transformation, and a growing cognizance on improving healthcare infrastructure in international locations like China and India power marketplace boom. Growing consciousness, a huge patient population, and the adoption of superior technologies make a contribution to the region's capacity for rapid growth.
Clinical Intelligence Market By Region
- Largest
- Fastest
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Clinical Intelligence Market Dynamics
Drivers
Increasing Digitization of Healthcare Data
- The increasing digitization of healthcare facts and the adoption of superior analytics technologies, inclusive of synthetic intelligence (AI) and system learning, play a pivotal position. Clinical Intelligence leverages these technologies to derive actionable insights from complicated datasets, enhancing selection-making in affected person care and healthcare management.
Restraints
High Complexity and Interoperability
- One of the main marketplace restraints is the complexity and interoperability issues related to numerous healthcare data resources, hindering seamless integration and analysis. Data safety and privacy concerns pose additional restraints, necessitating compliance with stringent regulatory frameworks to protect touchy affected person data.
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Clinical Intelligence Market Competitive Landscape
The aggressive environment of the Clinical Intelligence marketplace is dynamic and characterized by means of the presence of numerous key gamers striving to establish market dominance. The marketplace also witnesses energetic participation from emerging players and startups, introducing innovative answers and fostering competition. Collaborations, partnerships, and strategic acquisitions are commonplace developments as companies are seeking to enhance their product portfolios and make bigger their marketplace presence.
Top Player’s Company Profiles
- IBM Corporation
- Informatica
- Microsoft Azure
- NVIDIA
- Philips Healthcare
- Roche Holding AG
- SAS Institute, Inc.
- Siemens Healthineers
- Tempus AI
- Verily Life Sciences
- Veeva Systems Inc.
- Wellforce
- Accenture PLC
- Amazon Web Services (AWS)
- Amwell
- athenahealth, Inc.
- Cerner Corporation
- DeepMind Technologies Limited
- GE Healthcare
- Google Health
Recent Developments
- November 2023: The most progressive well-being records network in America, Surescripts has purchased ActiveRADAR, the information firm interested in discovering more sound measures for prescriptions. The financial terms of this acquisition were now confidential.
- August 2023: Thermo Fisher finalized the acquisition of CorEvitas, a facts intelligence agency, for $ Ninety-One Million Fifty 38 Refined Cash to enhance its clinical trial offerings portfolio.
Clinical Intelligence Key Market Trends
- Rising Integration Of Artificial Intelligence (Ai) And Machine Learning Algorithms: The AI + machine learning technologies that enhance analytics capabilities for more accurate and personalized insights. The significance of using clinical data for evidence-based decision making is further reinforced by real-life proof, which suggests that the world demands it. Interoperability solutions are also increasing, which help integration of records between different health institutions for more comprehensive patient records.
Clinical Intelligence Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Clinical Intelligence marketplace analysis reveals a dynamic market with a number of standout trends and problems. The market is pushed by way of the increasing digitization of healthcare data, the adoption of superior analytics, and a focal point on personalized remedy. However, challenges consist of information complexity, privacy concerns, and a shortage of skilled professionals. Software solutions dominate the market, in particular in North America, because of a strong healthcare infrastructure. Asia-Pacific shows promise as the fastest-developing vicinity, fueled by means of rising healthcare spending and digital transformation. Key trends contain the mixing of AI, real-world evidence, and a growing emphasis on interoperability for comprehensive patient statistics, reflecting a dynamic evolution within the Clinical Intelligence marketplace.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.12 Billion |
| Market size value in 2031 | USD 3.47 Billion |
| Growth Rate | 13.4% |
| Base year | 2023 |
| Forecast period | 2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Clinical Intelligence Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Clinical Intelligence Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Clinical Intelligence Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Clinical Intelligence Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Clinical Intelligence Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Clinical Intelligence Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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