Report: Clinical analytics market to grow 12.5% by 2023

The global market for clinical data analytics is expected to grow at a compound annual growth rate of 12.5 percent by 2023, according to a Market Research Future report.

Clinical data analytics encompasses a range of technologies that leverage data science to improve healthcare delivery, such as systems related to performance measures, predictive analytics, clinical decision support and population health management.

North America accounts for the largest clinical data analytics market share, in part because of recent increases in the adoption of health IT systems like EHRs and insurance claims processing solutions, according to the report. The high cost of clinical data analytics software will likely restrain market growth in developing countries.

Key players in the global clinical data analytics market include IBM, Cerner, Epic, Allscripts, QSI Management, General Electric, eClinicalWorks, McKesson and Greenway Health, according to the report.

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