Clinical informatics is visibly reshaping healthcare services for the better by combining information technology (IT) with informatics. It leads t- better interoperability and increased digitization, resulting in efficient patient data management and improved treatment procedures, by helping physicians make informed decisions. All of these factors will eventually revolutionize the healthcare market. The global clinical informatics market is expected t- be worth USD 33.31 Bn in 2023, and is projected t- expand at a compound annual growth rate (CAGR) of 18.26% during the 2018-2023 period.
Technology segment insights:
The on-premises software market held the largest market share of about 58% in 2017, mainly due t- its widespread availability and usage. On the other hand, the cloud-based software segment is expected t- expand at a higher CAGR of 19.63% during the forecasted period of 2018-2023. This high growth can be attributed t- the increased adoption of cloud-based platforms, which can provide better security, storage, and efficiency.
Application segment insights:
In the application segment, the diagnostics market had the largest share in 2017, contributing t- 39% of the market revenue. The growth of the diagnostics segment has primarily been driven by increasing popularity of non-invasive procedures, advanced visualization systems, and technological improvements in clinical informatics products. It is expected t- witness the highest CAGR (18.41%) among all the application segments during the forecasted period. In terms of growth potential, the diagnostics market will be followed by the patient monitoring segment (CAGR of 18.30%).
End user segment insights:
In 2017, the hospitals segment had a global market share of approximately 38%, and is expected t- experience the highest growth rate (18.58%) during the 2018-2023 period. This is because of increasingly strict but favorable government policies that mandate the implementation of electronic health records (EHR) across hospitals, coupled with funding and incentives. The physicians' segment is als- expected t- experience significant growth. The specialty centers segment held approximately 10% of the total market share, while the research laboratories segment held 15%.
Regional insights:
North America has been leading the market with its technological innovations, accounting for approximately 50% of the global market. However, Asia-Pacific is expected t- have the highest growth rate during the forecasted period due t- the increased demand for healthcare services in this region. Growing number of patients, rising government funding for health-related IT services, and health awareness are factors which will lead t- the growth of the market in the region.
Companies covered:
1. Cerner Corp
2. Agfa HealthCare Corp
3. Allscripts
4. Cardinal Health
5. CNSI
6. Spok, Inc (Formerly Amcom Software)
7. Meditech
8. eClinicalWorks
9. Nuance Communications
10. West Corporation
Global Clinical Informatics Market (2018-2023)
Table of Contents
Chapter 1. Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
Chapter 2. Global clinical informatics market - overview
2.1. Global market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), geography-wise market revenue (USD Bn), and key market observations
2.2. Global market drivers
2.3. Global market challenges
2.4. Global market trends
2.5. Porter's five forces analysis
2.6. Market segmentation based on technology (on-premise software, cloud-based software) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
2.7. Market segmentation based on application (diagnostics, pathology, pharmacies, patient monitoring) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
2.8. Market segmentation based on end users (hospitals, research laboratories, physicians, and specialty centers) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
Chapter 3. North America clinical informatics market
3.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
3.2. Market segmentation based on technology (on-premise software and cloud-based software) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
3.3. Market segmentation based on application (diagnostics, pathology, pharmacies, patient monitoring) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
3.4. Market segmentation based on end users (hospitals, research laboratories, physicians, and specialty centers) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
Chapter 4. Europe clinical informatics market
4.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
4.2. Market segmentation based on based on technology (on-premise software and cloud-based software) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
4.3. Market segmentation based on application (diagnostics, pathology, pharmacies, and patient monitoring) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
4.4. Market segmentation based on end users (hospitals, research laboratories, physicians, and specialty centers) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
Chapter 5. Asia-Pacific clinical informatics market
5.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
5.2. Market segmentation based on based on technology (on-premise software and cloud-based software) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
5.3. Market segmentation based on application (diagnostics, pathology, pharmacies, and patient monitoring) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
5.4. Market segmentation based on end users (hospitals, research laboratories, physicians, and specialty centers) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
Chapter 6. Latin America clinical informatics market
6.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
6.2. Market segmentation based on based on technology (on-premise software and cloud-based software) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
6.3. Market segmentation based on application (diagnostics, pathology, pharmacies, and patient monitoring) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
6.4. Market segmentation based on end users (hospitals, research laboratories, physicians, and specialty centers) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
Chapter 7. The Middle East and Africa clinical informatics market
7.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
7.2. Market segmentation based on based on technology (on-premise software and cloud-based software) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
7.3. Market segmentation based on application (diagnostics, pathology, pharmacies, and patient monitoring) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
7.4. Market segmentation based end users (hospitals, research laboratories, physicians, and specialty centers) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
Chapter 8. Competitive landscape
8.1. Cerner Corporation
8.1.a. Company snapshot
8.1.b. Product/services
8.1.c. Global presence
8.1.d. Major initiatives/highlights
8.1.e. Key numbers
8.1.f. Growth strategy
8.2. Agfa HealthCare Corp
8.2.a. Company snapshot
8.2.b. Product/services
8.2.c. Global presence
8.2.d. Major initiatives/highlights
8.2.e. Key numbers
8.2.f. Growth strategy
8.3. Allscripts
8.3.a. Company snapshot
8.3b. Product/services
8.3.c. Global presence
8.3.d. Major initiatives/highlights
8.3.e. Key numbers
8.3.f. Growth strategy
8.4. Cardinal Health
8.4.a. Company snapshot
8.4.b. Product/services
8.4.c. Global presence
8.4.d. Major initiatives/highlights
8.4.e. Key numbers
8.4.f. Growth strategy
8.5. CNSI
8.5.a. Company snapshot
8.5.b. Product/services
8.5.c. Global presence
8.5.d. Major initiatives/highlights
8.5.e. Key numbers
8.5.f. Growth strategy
8.6. Amcom Software (Spok, Inc.)
8.6.a. Company snapshot
8.6.b. Product/services
8.6.c. Global presence
8.6.d. Major initiatives/highlights
8.6.e. Key numbers
8.6.f. Growth strategy
8.7. Meditech
8.7.a. Company snapshot
8.7.b. Product/services
8.7.c. Global presence
8.7.d. Major initiatives/highlights
8.7.e. Key numbers
8.7.f. Growth strategy
8.8. eClinicalWorks
8.8.a. Company snapshot
8.8.b. Product/services
8.8.c. Global presence
8.8.d. Major initiatives/highlights
8.8.e. Key numbers
8.8.f. Growth strategy
8.9. Nuance Communications
8.9.a. Company snapshot
8.9.b. Product/services
8.9.c. Global presence
8.9.d. Major initiatives/highlights
8.9.e. Key numbers
8.9.f. Growth strategy
8.10. West Corporation
8.10.a. Company snapshot
8.10.b. Product/services
8.10.c. Global presence
8.10.d. Major initiatives/highlights
8.10.e. Key numbers
8.10.f. Growth strategy
Chapter 9 Conclusion
9.1. Future outlook
Appendix
- List of tables
- Research methodology
- Assumptions
- About Netscribes Inc.
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