According to National Coordinator of Health Information Technology, patient engagement EHR functionalities became more prevalent in U.S. hospitals from 2013 to 2015. In 2015, 78% of all office-based physicians reported the use of a certified EHR and 46% of all physicians participated in a delivery system reform program. It also stated that, in September, 2013, the Health IT Policy Committee (HITPC) accepted and approved recommendations from the Food and Drug Administration Safety (FDA) and Innovation Act (FDASIA) working group for a risk-based regulatory framework for healthcare IT. These statistics determine the use of healthcare IT in the U.S. Patient engagement platform and clinical decision support systems are receiving attention from large number of healthcare providers as it is important to maintain the track of patient visits & medical reports. High cost of clinical intelligence software solutions may restrain the market growth in developing countries.
The global clinical intelligence market is expected to grow at a CAGR of 12.5% during the forecast period.
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Key Players in the Global Clinical Intelligence Market
- 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.)
- Greenway Health, LLC (U.S.).
America is the largest market for clinical intelligence owing to an increasing extensive use of software solutions for healthcare administration and available resources. North America accounts for the largest market share owing the presence of major healthcare IT companies enjoying global presence namely IBM, Allscripts, GE Electric Company and QSI Management, LLC. According to National Coordinator of Health Information Technology, patient engagement EHR functionalities became more prevalent in the U.S. hospitals from 2013 to 2015. Furthermore, the use of Decision Support System is found to be increasing among tertiary care centers in the U.S.
The Middle East & Africa also show a steady rise in the market owing to low demand for healthcare IT, especially in Africa owing to low healthcare expenditure and need for primary care services.
Europe is the second largest market for clinical intelligence which is estimated to adopt a steady growth in the near future due rising number of healthcare providers using clinical management softwares and technological advancement in healthcare IT especially EHR and patient engagement platform.
In Asia Pacific, the market is expected grow at the fastest rate with factors such as rising demand for healthcare IT, increasing healthcare expenditure and rising number of healthcare software solution providers. Furthermore, increasing burden of diseases and increasing demand for patient records management also boost the market growth during the review period.
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 & 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 application, the market is segmented into Clinical, Revenue Cycle Management (RCM) claim, fraud, supply chain, financial management and others.
On the basis of component, the market is segmented into software, hardware, and services.
On the basis of end user, the market is segmented into hospital, clinics, TPAs, and others.
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