Pune, India -- (SBWIRE) -- 01/16/2020 -- Global clinical data exchange market is expected to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growing levels of incidents associated with theft of clinical and medical data.

This clinical data exchange market report gives description about the complete market analysis with inputs from industry experts.

Furthermore, businesses can decide upon the strategies about the product, customer, key player, sales, promotion or marketing by acquiring a detailed analysis of competitive markets. This global market research report has complete overview of the market, covering various aspects such as product definition, segmentation based on various parameters, and the prevailing vendor landscape. The clinical data exchange report also demonstrates supportive data related to the dominant players in the market such as product offerings, revenue, segmentation, and business synopsis.

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Few of the major competitors currently working in the global clinical data exchange market are Information Builders and docero; Halfpenny Technologies Inc; Experian Information Solutions, Inc.; PNT Data; Health Level Seven International; New England Healthcare Exchange Network, Inc.; Optum, Inc.; McKesson Corporation; IBM Corporation; Microsoft; Guardtime; iSolve, LLC; Patientory; Accenture; Proof.Works; Iryo d.o.o.; Allscripts Healthcare LLC; Open Text Corporation; Orion Health group of companies among others.

Key Developments in the Market:

In June 2019, Accumen announced that they had acquired Halfpenny Technologies, Inc. This acquisition will lead to addition of enhanced capabilities to the combined enterprise, helping provide better quality of performance and operational capabilities. This will lead to delivery of next generation of health care services and solution

In September 2018, Da Vinci Project was formed with the combination of more than twenty healthcare organizations. The project will be focused on utilizing Health Level Seven International's "HL7 Fast Healthcare Interoperability Resources (FHIR)" for improving the quality of data-communication for value-based care arrangement

Competitive Analysis:

Global clinical data exchange market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of clinical data exchange market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers

Increasing utilization of blockchain technology from the healthcare industry is expected to drive the growth of the market

Rising prevalence of counterfeit drugs floating in the market; this factor is expected to boost the growth of the market

Requirement for better secured storage solutions also acts as a market driver

Enhanced levels of support being provided by various government authorities to improve the availability of infrastructure for deployment of advanced technologies will also uplift the market growth

Market Restraints

Lack in the awareness and infrastructure availability in various developing regions; this factor is expected to restrict the growth of the market
Concerns regarding the data's privacy amid high volume of data thefts will also hamper the market growth
Requirement of large-scale investments and expenditure for establishment of infrastructure and other resources for successful operations of clinical data exchange is another factor restricting the market growth

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Segmentation: Global Clinical Data Exchange Market

By Component

Enterprise Master Person Index (EMPI)
Healthcare Provider Directory (HPD)
Record Locator Service (RLS)
Clinical Data Repository
Others

By Implementation Model

Centralized/Consolidated Model
Decentralized/Federated Models
Hybrid Model

By Setup Type

Private
Public

By Exchange Type

Direct Exchange
Query-Based Exchange
Consumer Mediated Exchange

By Application

Internal Interfacing
Secure Messaging
Work Flow Management
Web Portal Development
Others

By End-User

Pharmaceutical Companies
Healthcare Providers
Public Health Agencies
Healthcare Payers
Others

By Geography

North America
Europe
Asia-Pacific
South America
Middle East and Africa

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