(PharmaNewsWire.Com, July 14, 2017 ) 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 provides assistance to physicians and doctors in making decisions related to a patient’s cure and help in better knowledge of the health of the demographics. The technology widely depends on the data required and the users of the generated info which includes doctors, nurses, public health officials etc.
The population has been showing more focus towards health management lately and this has been responsible in driving the Clinical Data Analytics market. Other drivers include cost benefits, supportive government policies 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 Latin America 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 Latin America market is analysed under various countries namely Brazil, Argentina, Mexico and rest of Latin America.
The major players in Clinical Data Analytics leading the market are IBM, Caradigm, Athenahealth, Explorys, Cerner, CareEvolution, Truven Health Analytics, Wellcentive, Intersystems, McKesson.
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