Data bridge market research’s following report shows the CAGR values for the notable years 2018 and the base year 2019.This geological constituents of this report are North America, Europe, Asia Pacific, the Middle East and Africa. The SWOT investigation shows an exhaustive diagram of the key market players who are coordinating acquisitions and consolidations, new item dispatch, joint endeavors, innovative work, and commonplace augmentation. Variables that significantly add to the upgrade of the Clinical Data Exchange market are the information on market definition, orders, applications, and market trends.The forecast period 2020-2027 is relied upon to be extraordinary for the Clinical Data Exchange market, particularly for the Abc business. The business, import, export, income and CAGR values have additionally considered a to be negligible change as the quantity of start to finish clients is expanding generally.
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.
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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.
- 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
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
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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
- Centralized/Consolidated Model
- Decentralized/Federated Models
- Hybrid Model
By Setup Type
By Exchange Type
- Direct Exchange
- Query-Based Exchange
- Consumer Mediated Exchange
- Internal Interfacing
- Secure Messaging
- Work Flow Management
- Web Portal Development
- Pharmaceutical Companies
- Healthcare Providers
- Public Health Agencies
- Healthcare Payers
- North America
- South America
- Middle East and Africa
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Benefits of the report for Clinical Data Exchange market
- What are the challenges being faced by the new entrants
- Drivers and restrains of the market
- Key developments in the market
- Market volume
- CAGR value for the forecast period 2019-2026
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