Healthcare eDiscovery Market Research Report 2017-2023 | Technology Advancement, SWOT Analysis, New Trends Innovation, Top Company Players and Regional Revenues

Healthcare eDiscovery Market Research Report 2017-2023 | Technology Advancement, SWOT Analysis, New Trends Innovation, Top Company Players and Regional Revenues

“Healthcare eDiscovery Market”
Market Research Future (MRFR) has Thoroughly Studied the Trends and Patterns in the Global Healthcare eDiscovery Market. The Report offers insights into the Leading Market Players and Presents an Assessment of their Current Market Position.

The global healthcare sector, due to its, litigious and regulated   nature, has been facing a need for an intelligent information governance solution, a reliable healthcare data management system such as an eDiscovery platform to maintain the security of information of the patients, such as patients billing, radiological images, and medical history combined with management of healthcare data.

According to a report published by Market Presearch Future (MRFR), the global healthcare eDiscovery market is anticipated to grow exponentially at a CAGR of 11.5% over the forecast period of 2017 to 2023.

The healthcare eDiscovery market is driven majorly by the growing demand for a data management system for the electronic health records, increasing the use of software for healthcare system for data management, and strict regulation of storage of clinical and patient data on a cloud-based platform. Risks of managing healthcare data comprise of the use of pirated software, data security issues and the threat of cyber-attacks, which restrains the growth of the global market for healthcare eDiscovery platforms. The high expenditure of healthcare data management solutions and lack of awareness among the medical staff may also  act as a restraining factor.

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Segmental Analysis

The global market for healthcare eDiscovery solutions is segmented based on deployment, application, and end-user.

Based on deployment, the healthcare eDiscovery market is bifurcated into the on-premise systems,  and cloud systems. Based on application, the market is segmented into communication, application audit trail via metadata, EHR-hosting, and other applications. By end-users, the market is segmented into hospitals, clinics, healthcare IT companies, pharmacy, and others.

Based on the region, the global healthcare eDiscovery market has been segmented into North America, Europe, Asia Pacific, and Middle East & Africa. 

Regional Analysis

North America has been assessed to account for the largest market share, which is attributed to the  growing importance of storage and archival, retrieval of clinical data, the rising demand for quality healthcare, extensive use of software solution for healthcare management and data storage, growing demand of genuine software solutions, and growing awareness about eDiscovery platforms and clinical data sharing. 

Europe has been assessed as the second largest market for healthcare eDiscovery, due to the growing use of data management solutions and regulations prevailing the use of healthcare information by hospitals and health insurance companies.

The Asia Pacific has been assessed as the fastest growing region with India, Japan, and China being the leading countries towards market growth. Increasing patient pool, awareness concerning the significance of medical records in legal matters and the increasing demand for lucrative healthcare IT solutions for management are the major driving factors for the growth of the healthcare eDiscovery market in this region. Additionally, governments’ focus and initiatives to promote healthcare IT, the increasing use of healthcare software solutions, and technological advancements, among others, are additional drivers of the market in the Asia Pacific. moreover, increasing healthcare expenditure and widespread growth of the medical device industry also influence the use of medical devices for diagnosis of various chronic or serious diseases such as cardiovascular diseases, diabetes, cancer, and others.

The Middle East & Africa is has been estimated to showcase gradual and steady growth in the global healthcare eDiscovery market due to the low technological penetration and comparatively poor healthcare infrastructure, especially in the economically under-developed Africa. In the Middle East, the United Arab Emirates (UAE) and Saudi Arabia are the major contributors to the market growth owing to the increase in the availability of specialty healthcare diagnostics and proper treatment services and increasing demand for software solutions for patient care. But growing regulatory initiatives towards improving the healthcare sector in this region is estimated to be a driving factor for the market over the forecast period.

Key Players

Some of the key market players of the healthcare eDiscovery  market are Google (U.S.), Commvault (U.S.), IBM (U.S.), Actiance, Inc. (U.S.), Microsoft Corporation (U.S.), Barracuda Networks Inc. (U.S.), Allscripts (U.S.) Global Relay Communications Inc. (U.S.), and others.

These macroeconomic expansions attract major medical device & IT companies looking for a geographical extension for growing their sales and achieving market growth. The acquisitions, new product launches, partnerships are various strategic approaches of these market players that   subsequently lead  to massive  market growth .

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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