Clinical Intelligence is a mixture of technologies that uses data analysis to enhance healthcare delivery. The data is generated and collected into the healthcare system during the delivery of the healthcare services which are used to regulate the performance indicator and to enhance the production of the healthcare sector.
Clinical Intelligence is used to manage, predict, and analyze the performance of an organization by using the data to increase the performance as well as improve the quality of the production. Clinical Intelligence is used for financial management, revenue management, supply chain management, and fraud detection.
Impact of COVID-19 on Clinical Intelligence Market
The global outbreak of COVID-19 leads to an ongoing downturn in the healthcare market. Apart from communities, COVID-19 was equally disastrous for major world economies, especially the healthcare sector. Prominent stakeholders are continuing to adapt their strategies to the rapidly changing situation. COVID-19 is projected to have significant long-term impacts on the healthcare industry. Countries and major players would have to undertake critical healthcare changes until the crisis takes a back seat.
Technological progress, cost containment, and increased access are projected to be an integral part of healthcare reforms in the near future. Digital health and telehealth have taken a front seat in the ongoing outbreak. COVID-19 re-emphasized the importance of remote diagnosis, care, and consultation. Over the past few years, regulatory and behavioral barriers have slowed telehealth growth. However, since many healthcare providers are currently working on video conferencing and telephone calls, the segment is anticipated to experience growth over the next two years. The social distancing measures also mandated online consultation of patients with moderate symptoms. In addition, it greatly reduced the burden on hospitals already swamped by counts of COVID-19 patients. Medical IoT devices that live at home with patients are now being used for optimizing outpatient treatment and minimizing repeated visits, and these devices can be further used in a crisis. The pandemic led to severe resource constraints. This is expected to result in the development of competitive pricing and value-based pricing models, which boosts the growth of the clinical intelligence market.
The COVID-19 has led to the growth of this market as the requirement of management and enhancement of performance to counter the pandemic has become important.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
- The clinical intelligence market is growing at a significant rate as the increase in adaptation of clinical intelligence solutions in most of the countries as well as different regulations, increase in adoption of clinical intelligence in the healthcare sector to manage and enhance the performance and production of the healthcare.
- The rising demand for healthcare IT solutions as well as the increase in the use of Electronic Health Records (EHR) is driving the growth of the clinical intelligence market. Also, the factors such as the increasing number of software companies that provide IT and EHR services to the healthcare sector, the rising expenditure, application of clinical intelligence, presence of a large number of healthcare software solutions, and continuous up-gradation of technology are the factors that give rise to the growth of the market.
- The factors that hinder the growth of the market include the high cost of the software solution, complications that involve the clinical intelligence as it is data-driven and has to be visualized and analyzed to use the clinical system.
- North America is the largest market for clinical intelligence with extensive use of healthcare administration and available resources whereas Europe comes in the second number and is the second-largest market for clinical intelligence and is adopting strategies to raise the number of healthcare providers by using clinical management software and technological advancement in the healthcare system. Asia- Pacific is also growing and is expected to be the largest clinical intelligence market in the near future. The growing demand for cost-efficient healthcare software solutions is creating demand in this region.
Market Trends:
Saama partners with Datavant to map patient journeys across real-world and clinical datasets to empower biopharma offerings on March 23, 2021. This partnership will enable a robust and deep understanding of patient behaviors, drug safety, and drug efficacy, which will help biopharma companies to improve their patient services and offerings.
Key Benefits of the Report:
- This study presents the analytical depiction of the clinical intelligence market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the clinical intelligence market share.
- The current market is quantitatively analyzed to highlight the clinical intelligence market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed clinical intelligence market analysis based on competitive intensity and how the competition will take shape in the coming years
Questions Answered in the Clinical Intelligence Report:
- Who are the leading players active in the clinical intelligence market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is "clinical intelligence "?
- What is "clinical intelligence” market prediction in the future?
Clinical Intelligence Market Report Highlights
| Aspects | Details |
 By Type |
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 By Component |
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 By Application |
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 By End Users |
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 By Region |
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 Key Market Players | McKesson Corporation., Greenway Health, LLC., NXGN Management, LLC., eClinicalWorks, LLC., IBM, Comprehend Systems, Inc. (Saama Technologies, Inc.),, Epic Systems Corporation |
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