01 July 2020
Visiongain has launched a new pharma report Clinical Risk Grouping Solutions Market Report 2020-2030: Forecasts by Product (Dashboard Analytics Solutions, Risk Reporting Solutions, Scorecards & Visualization Tools), Deployment Model (Hybrid Cloud, Private Cloud, Public Cloud), End User (Ambulatory Care Centers, Hospitals, Long-Term Care Centers, Payers, Other End Users), and Geography (North America, Latin America, Europe, Asia Pacific, MEA).
The global clinical risk grouping solutions market is anticipated to grow at a lucrative CAGR of ~xyz% and anticipated to reach USD xyz million by 2020 owing to the growing focus on patient’s risk management and implementation of big data in the healthcare industry to transform clinical outcomes.
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The market growth is attributed to the growing adoption of big data and AI in data management and monitoring of clinical information in health care. Also, accuracy in risk assessment and growing investments in R&D of new therapeutics is anticipated to boost the market growth over the forecast period. Furthermore, the compilation of patient information in healthcare settings, resulting in physician burden is increasing the demand for clinical risk grouping solutions.
However, lack of skilled professionals, concerns regarding the private cloud data management, and high costs related to management solutions are projected to hamper the market growth over the forecast period.
North America dominated the global clinical risk grouping solutions market owing to the presence of developed healthcare infrastructure. Also, the market will continue to be driven by the rising support for the adoption of healthcare information technology (HCIT) by payers and providers. Asia Pacific region is expected to experience the highest growth in terms of CAGR over the forecast period owing to the growing demand for developed healthcare facilities, growing government initiatives to manage the health of the growing population across markets such as India and China. Additionally, unmet needs of patients and untapped nations in this region have been attracting investments by global players and this is expected to boost the clinical risk grouping solutions market growth over the forecast period.
Currently, key players are forming various strategies such as acquisitions, mergers, partnerships, collaborations, and launching new products to strengthen their position in the global clinical risk grouping solutions market. Companies are also expanding their R&D, distribution, and management facilities to expand their business and to hold a competitive edge in the clinical risk grouping solutions market.
For instance, in June 2019, Health Catalyst announced the launch of the “Population Health Foundations” solution. This launch is an up-gradation of the existing population health technology provided by the organization which will help in the provision of valuable insights and analytical views which are of utmost importance for the succession of an organization while providing value-focused healthcare services
The comprehensive market report features companies such as 3M Company, 4S Information Systems Ltd., Cerner Corporation, Conduent Incorporated, Dynamic Healthcare Systems, Inc., Evolent Health, HBI Solutions, Inc., Health Catalyst Inc., Johns Hopkins University, Lightbeam Health Solutions, LLC, Nuance Communications, Optum Inc, Perahealth, Inc. among other prominent players. Also, the research study offers market estimation and forecast for the period ranging 2020-2030 for global markets such as North America, Latin America, Europe, Asia Pacific and MEA along with regional sub-markets as U.S., Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Russia, India, Japan, China, Australia, ASEAN, GCC and South Africa.
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