Global Clinical Data Exchange Market – Industry Trends and Forecast to 2026
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
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.
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
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
Enterprise Master Person Index (EMPI)
Healthcare Provider Directory (HPD)
Record Locator Service (RLS)
Clinical Data Repository
By Implementation Model
By Setup Type
By Exchange Type
Consumer Mediated Exchange
Work Flow Management
Web Portal Development
Public Health Agencies
Middle East and Africa
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