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(Medical-NewsWire.com, July 14, 2017 ) The market is showing significant potential in the mentioned forecasting period. The market continues to grow rapidly with the growth of Big data industry within the healthcare. Big data has been responsible for showing better results in improving healthcare, saving lives and that too at low costs.
Clinical Data Analytics has become an important tool for doctors and physicians in taking decisions related to patient’s healthcare and help in providing a better understanding of the health of the demographics. The technology varies based on the data needed or the users of the information which can include nurses, doctors, public health officials etc.
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The population has been more focused towards health management lately and this has been a major factor driving the Clinical Data Analytics market. Other key factors supporting market growth are supportive government policies, cost benefits and better opportunities to provide high quality services to patients. Some of the challenges and restraints faced by Clinical Data Analytics market include end user market fragmentation, software privacy issues, security issues.
The Europe market for Clinical Data Analytics is segmented based on Deployment Model, Services and End Use Sector. Based on the deployment model the market for Clinical Data Analytics is segmented into Cloud and On-Premise. Further, under services the segmentation is done into Consulting and Maintenance, and under End use sector the segmentation is done into Pharmaceuticals, Healthcare Providers, Biotechnology and Academia. On-Premise segmentation accounted for higher share compared to the Cloud segmentation. Similarly Consulting and Pharmaceuticals segmentations exhibit the highest share in their respective segments. On the basis of geographical analysis, the Europe market is analysed under various countries namely Germany, Spain, UK, France and Italy.
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Many companies have shown interest in this industry and some of the leading ones are IBM, Caradigm, CareEvolution, Explorys, Intersystems, Cerner, Truven Health Analytics, Wellcentive, McKesson, Athenahealth.
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