Market Trends of North America Clinical Data Analytics In Healthcare Industry
Cloud to Witness Significant Growth
- Cloud deployment is gaining significant prominence in healthcare organizations that rely on external servers managed by cloud service providers. By employing the cloud, users can successfully store large amounts of clinical data and process it using various cloud computing resources, such as virtual machines, storage facilities, and networking capabilities. Using cloud-based resources, healthcare professionals can obtain access to a wide variety of data sources such as imaging files, health records, wireless devices, wearables, and other healthcare systems. The collected data will be used in these Initiatives to gain significant insights that can make a substantial contribution to the care of patients.
- Cloud computing additionally provides multiple advantages, including cost-efficiency, flexibility, scalability, and ease of access, making it a preferable choice for healthcare organizations seeking to leverage clinical data analytics solutions.
- Using cloud-based solutions, health organizations can make use of secure data storage and analysis. Cloud computing is becoming popular, with a growing number of healthcare organizations adopting cloud-based solutions for clinical data analytics due to its flexibility and ease of use. These tools have helped to simplify data management and give useful insights into decision-making.
- North America, particularly the United States, is a prominent region in terms of cloud deployment in the clinical data analytics market. The region has a mature healthcare industry that is actively engaging in the adoption of advanced technologies. Large healthcare organizations in North America, such as HCA Healthcare, CommonSpirit Health, etc., have embraced cloud computing to store and analyze vast amounts of clinical data, leveraging the scalability and flexibility offered by cloud platforms.
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United States is Expected to Dominate the Market
- The US healthcare system has witnessed an increased emphasis on quality reporting and compliance with regulatory requirements. Clinical data analytics helps healthcare organizations measure and report on various quality metrics, such as patient outcomes, adherence to clinical guidelines, and resource utilization, ensuring they meet regulatory standards and receive appropriate reimbursements.
- As per the report published by ClinicalTrials.gov in June 2023, the United States accounted for 31% of the registered clinical studies worldwide. These clinics generate a large amount of data that is being studied and analyzed for chalking out strategies for effective population health management.
- In the US, there has also been an increasing need for clinical data analysis in cloud systems. Owning to the fact that the healthcare industry generates most of the vast amounts of data, including electronic health records (EHRs), medical images, genomic data, and wearable device data.
- Moreover, the US government is continuously increasing its investments and reforming its policies, driving the adoption of clinical data analytics. Under the new rules by the US government for Medicare, doctors and hospitals will be subjected to financial penalties under Medicare if they are not using EHRs. Although the US has always been known for its pioneering use of advanced technology to treat patients, doctors and hospitals are often required to replace their paper records with electronic ones much more quickly. These actions are being taken to improve the usefulness of these electronic health records.
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