Clinical Intelligence Market Information: By Type (CDSS, Quality Improvement), Component (Service, Software), Application (Clinical, RCM), End User (Hospitals, Clinics, Tpas) - Global Forecast Till 2027

Market Highlights

Clinical Intelligence includes number of software solutions for clinical data management. It involves software for Revenue Cycle Management (RCM), clinical decision support, financial management and medical records management. It is used to improve an organization’s productivity, reduce cost, improves patient engagement, safe financial resources and time.

Rising demand for healthcare software solutions, growing emphasis on electronic health records and adoption of information technology for delivery of care propel the market growth. Also, presence of large number of market players providing healthcare software solutions further boost the market growth. Furthermore, evolution in healthcare IT and continuous technology up gradation will drive the market.

The global clinical intelligence market is expected to grow at a CAGR of 12.5% during the forecast period.

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Major Players in Clinical Intelligence Market:

Some of the key players in the global market are IBM (U.S.), Cerner Corporation (U.S.), Epic Systems Corporation (U.S.), Allscripts (U.S.), QSI Management, LLC (U.S.), General Electric Company (U.S.), eClinicalWorks (U.S.), McKesson Corporation (U.S.), and Greenway Health, LLC (U.S.)

Regional Analysis

America is the largest market for clinical intelligence whose market is driven by concentration of major market players such as IBM, Allscripts, Cerner Corporation and demand for clinical data analytics.

Europe is the second largest market which is driven by the extensive use of healthcare IT software solutions and availability of healthcare infrastructure for implementing healthcare IT solutions.

Asia Pacific is expected to be the largest market for clinical intelligence owing to the rising awareness about Electronic Health Records (EHR), and growing demand for cost effective software solutions for hospitals, and clinics. Additionally, demand outreaching supply will create growth opportunity for the market in Asia Pacific and major market players should focus on emerging markets such as China, and India.

Middle East & Africa show steady growth in the market owing to low technology penetration in this region and lack of awareness about healthcare IT.

Segmentation

The global clinical intelligence market is segmented on the basis of type, components, application, and end user.

On the basis of type, market is segmented into retrospective performance measures and predictive analytics, performance measurement systems, Clinical decision support (CDSS) System, quality improvement, clinical benchmarking, population health management and others. Quality improvement is further segmented into six sigma. Population health management is further segmented into over-utilization of health services and under-utilization of health services.

On the basis of component, the market is segmented into software, hardware, and services.

On the basis of application, the market is segmented into Clinical, Revenue Cycle Management (RCM) claim, fraud, supply chain, financial management and others.

On the basis of end user, the market is segmented into hospital, clinics, TPAs, and others.

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