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North America Clinical Data Analytics in Healthcare Market: By Type: Descriptive Analysis, Diagnostic Analysis, Predictive Analysis, Prescriptive Analysis; By Mode of Deployment: Cloud, On-Premises; By End User: Payers, Providers; Regional Analysis; Market Dynamics: SWOT Analysis, Others; Competitive Landscape; 2024-2032
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
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Canada is working towards becoming one of the top three healthcare hubs in the world by 2025, aiding the demand for clinical analytics solutions.
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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.
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:
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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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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Clinical Data Analytics in Healthcare Market Overview
8.1 Key Industry Highlights
8.2 Global Clinical Data Analytics in Healthcare Historical Market (2017-2023)
8.3 Global Clinical Data Analytics in Healthcare Market Forecast (2024-2032)
8.4 Global Clinical Data Analytics in Healthcare Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Clinical Data Analytics in Healthcare Market Overview
9.1 Key Industry Highlights
9.2 North America Clinical Data Analytics in Healthcare Historical Market (2017-2023)
9.3 North America Clinical Data Analytics in Healthcare Market Forecast (2024-2032)
10 North America Clinical Data Analytics in Healthcare Market by Type
10.1 Descriptive Analysis
10.1.1 Historical Trend (2017-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Diagnostic Analysis
10.2.1 Historical Trend (2017-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Predictive Analysis
10.3.1 Historical Trend (2017-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Prescriptive Analysis
10.4.1 Historical Trend (2017-2023)
10.4.2 Forecast Trend (2024-2032)
11 North America Clinical Data Analytics in Healthcare Market by Mode of Deployment
11.1 Cloud
11.1.1 Historical Trend (2017-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 On-Premises
11.2.1 Historical Trend (2017-2023)
11.2.2 Forecast Trend (2024-2032)
12 North America Clinical Data Analytics in Healthcare Market by End User
12.1 Payers
12.1.1 Historical Trend (2017-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Providers
12.2.1 Historical Trend (2017-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Clinical Data Analytics in Healthcare Market by Country
13.1 United States of America
13.1.1 Historical Trend (2017-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2017-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Altera Digital Health Inc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Oracle Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 IBM Corp.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Koninklijke Philips N.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 eClinical Solutions LLC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 IQVIA Inc
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Inspirata, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 CareEvolution, LLC
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Veradigm LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 SAS Institute Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Clinical Data Analytics in Healthcare Market: Key Industry Highlights, 2017 and 2032
2. North America Clinical Data Analytics in Healthcare Market: Key Industry Highlights, 2017 and 2032
3. North America Clinical Data Analytics in Healthcare Historical Market: Breakup by Type (USD Million), 2017-2023
4. North America Clinical Data Analytics in Healthcare Market Forecast: Breakup by Type (USD Million), 2024-2032
5. North America Clinical Data Analytics in Healthcare Historical Market: Breakup by Mode of Deployment (USD Million), 2017-2023
6. North America Clinical Data Analytics in Healthcare Market Forecast: Breakup by Mode of Deployment (USD Million), 2024-2032
7. North America Clinical Data Analytics in Healthcare Historical Market: Breakup by End User (USD Million), 2017-2023
8. North America Clinical Data Analytics in Healthcare Market Forecast: Breakup by End User (USD Million), 2024-2032
9. North America Clinical Data Analytics in Healthcare Historical Market: Breakup by Country (USD Million), 2017-2023
10. North America Clinical Data Analytics in Healthcare Market Forecast: Breakup by Country (USD Million), 2024-2032
11. North America Clinical Data Analytics in Healthcare Market Structure
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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