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Clinical Data Analytics Solutions Market Size
- Report ID: GMI9275
- Published Date: Apr 2024
- Report Format: PDF
Clinical Data Analytics Solutions Market Size
Clinical Data Analytics Solutions Market size was valued at USD 5.9 billion in 2023 and is anticipated to showcase growth at 12.8% CAGR from 2024 – 2032, owing to increasing adoption of electronic health records (EHRs), rising demand for real-time data insights to enhance patient outcomes, and growth in clinical studies for developing new therapeutics.
Additionally, growing demand for mitigating the risk of failures in clinical studies is also fueling the adoption of clinical data analytics solutions, as these studies are resource intensive, and failures can lead to significant losses for pharmaceutical companies and research organizations.
Clinical data analytics involves analyzing healthcare data, including EHRs, medical imaging, lab results, and patient demographics, to derive valuable insights for improved patient care, decision-making, and streamlined operations. Advanced analytics tools like machine learning and predictive modeling help healthcare institutions uncover trends and patterns, leading to better clinical outcomes, cost-efficiency, and population health management.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Clinical Data Analytics Solutions Market Size in 2023: | USD 5.9 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 12.8% |
| 2024 – 2032 Value Projection: | USD 17.9 Billion |
| Historical Data for: | 2021 – 2023 |
| No. of Pages: | 118 |
| Tables, Charts & Figures: | 215 |
| Segments covered: | Solution, Application, End-use, and Region |
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Clinical Data Analytics Solutions Market Scope
