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The North America clinical data analytics in healthcare market size was valued at USD 13.14 billion in 2023. The market is further projected to grow at a CAGR of 9.9% between 2024 and 2032, reaching a value of USD 32.01 billion by 2032.
Canada is working towards becoming one of the top three healthcare hubs in the world by 2025, aiding the demand for clinical analytics solutions.
Cost pressures, labour shortages, and the development of technologies, such as generative AI are increasing the North American healthcare sector’s investment in IT and software.
Data analytics techniques improve research efforts in several health-related areas by gathering and analysing clinical data from various sources. Some of the important sources of clinical information, include electronic health records (EHRs), electronic medical records, and personal and public health records. As per the North America clinical data analytics market analysis, the healthcare sector is continuously spending on healthcare IT and AI solutions due to shortages of labour and to achieve financial benefits. The various types of clinical data analytics include descriptive, diagnostic, predictive, and prescriptive. Predictive analytics is widely popular and allows healthcare providers to identify individuals at risk of developing infections and provide them with early intervention.
According to the North America clinical data analytics market report, the Canadian healthcare market recognises the critical need for improved health analytics to enhance delivery, evaluation, decision-making, and management. With Canada aiming to become one of the top three healthcare hubs across the globe by 2025, it is expected to heavily invest in advanced technologies and analytics. Clinical Data Analytics Solutions helps the healthcare sector overcome key challenges, including oversight and data management as well as clinical trials process automation. With the integration of artificial intelligence (AI) in data analytics platforms, the healthcare sector can automate clinical trial processes by generating intelligent insights.
North America Clinical Data Analytics in Healthcare Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Type
Market Breakup by Mode of Deployment
Market Breakup by End User
Market Breakup by Country
The key players in the clinical data analytics market in North America are investing in the development of highly accurate clinical data analytics solutions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Mode of Deployment |
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Breakup by End User |
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Breakup by Region |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, clinical data analytics in the healthcare market reached an approximate value of USD 13.14 billion.
The market is expected to grow at a CAGR of 9.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 32.01 billion by 2032.
Data analytics helps healthcare organisations detect anomalies in scans and predict outbreaks of illness.
A clinical data analyst collects, compiles, and analyses health care data and information to ensure that the organization's data systems meet the required organisational and federal safety standards.
The major drivers of the market include rising investment in healthcare IT, a rise in health issues, and the expansion of the North American healthcare sector.
Key trends aiding market expansion include the development of technologically advanced analytics solutions, the rising number of patients, and rising investment in technology by the healthcare sector.
Major countries in the market are the United States of America and Canada.
The common type of clinical data analytics are descriptive analysis, diagnostic analysis, predictive analysis, and prescriptive analysis.
Key players in the market are Altera Digital Health Inc., Oracle Corporation, IBM Corp., Koninklijke Philips N.V., eClinical Solutions LLC, IQVIA Inc., Inspirata, Inc., CareEvolution, LLC, Veradigm LLC, SAS Institute Inc., and others.
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