Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

North America Clinical Data Analytics in Healthcare Market Outlook

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.

Key Takeaways

  • 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

Market Segmentation

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

  • Descriptive Analysis
  • Diagnostic Analysis
  • Predictive Analysis
  • Prescriptive Analysis

Market Breakup by Mode of Deployment

  • Cloud
  • On-Premises

Market Breakup by End User

  • Payers
  • Providers

Market Breakup by Country

  • United States of America
  • Canada

Competitive Landscape

The key players in the clinical data analytics market in North America are investing in the development of highly accurate clinical data analytics solutions.

  • 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.        
  • Others

Key Highlights of the Report

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:

  • Type
  • Mode of Deployment
  • End User
  • Region
Breakup by Type
  • Descriptive Analysis
  • Diagnostic Analysis
  • Predictive Analysis
  • Prescriptive Analysis
Breakup by Mode of Deployment
  • Cloud
  • On-Premises
Breakup by End User
  • Payers
  • Providers
Breakup by Region
  • United States of America 
  • Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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.        
  • Others

North America Clinical Data Analytics Market Report Snapshots

North America Clinical Data Analytics Market Size

North America Clinical Data Analytics Companies

*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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Key Questions Answered in the Report

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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