Global Clinical Risk Grouping Solutions Market – Strategic Acquisitions and Collaborations among Industry Players to Spur Growth, Trend, Size, Share, Revenue, Drivers, Value and Volume Analysis 2030
Kenneth Research, in its repository of market research reports, have recently added a report on Global Clinical Risk Grouping Solutions Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Global Clinical Risk Grouping Solutions Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Clinical Risk Grouping Solutions Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Clinical Risk Grouping Solutions Market is valued approximately at USD 369.70 million in 2018 and is anticipated to grow with a healthy growth rate of more than 15.5% over the forecast period 2019-2026. Clinical risk grouping solutions are software solutions which are mainly developed to enhance the overall clinical operations of a facility by classifying patients in groups based on the severity of their necessity and the accessibility of resources available with the facility. This solution emphasizes on examining the patient data, facility data, resources availability and delivers conclusive insights in the form of insights with the help of several technological implementations, such as bigdata, machine learning and artificial intelligence (AI). Rising consumer awareness regarding risk management, increasing utilization of big data, and high demand for the reduction of rising healthcare expenditures are the few factors responsible for high CAGR of the market over the forecast period. Moreover, increasing physician burnout due to documentation needs along with increasing focus on AI and machine learning are few factors likely to create lucrative growth opportunities to the growth of market in the forecasting years. However, a lack of infrastructure for supporting the clinical risk grouping solutions technology is one of the major factor anticipated to limiting the growth of global Clinical Risk Grouping Solutions market during the forecast period.
The regional analysis of global Clinical Risk Grouping Solutions Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing focus on quality care, increasing focus on population health management, and cost containment in the healthcare industry across the region. Also, a highly suitable healthcare IT infrastructure and high adoption of clinical risk grouping solutions by healthcare payers are further supporting the growth of clinical risk grouping solutions in this region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as the wide presence of a larger patient pool demanding better healthcare at lower costs, economic growth, rising aging population and the advent of big data in healthcare would be influencing the growth of the market in the Asia-Pacific region.
Major market player included in this report are:
HBI Solutions, Inc.
4S Information Systems Ltd.
Johns Hopkins University
Health Catalyst Inc.
Optum Inc. (A Subsidiary of Unitedhealth Group Inc.)
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Scorecards & Visualization Tools
Dashboard Analytics Solutions
Risk Reporting Solutions
Ambulatory Care Centers
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Clinical Risk Grouping Solutions Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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