The clinical risk grouping solutions market is projected to grow at a CAGR 13.59% rate during the forecast period. Rising consumer awareness regarding risk management and implementation of big data solutions are driving the market for clinical risk grouping software. Mounting paperwork resulting in physician burnout and the increasing focus on AI & machine learning also present significant growth opportunities for market players.Hospitals accounted for the largest share in the clinical risk grouping solutions market. Increasing adoption of big data solutions in healthcare facilities (such as hospitals and clinics), growing focus of caregivers on risk management, and the rising adoption of AI and machine learning in the healthcare industry are driving the growth of this segment. Hospitals, payers, ambulatory care centers, and long-term care centers, among others are the end-users of clinical risk grouping solutions.
Private cloud accounted for the largest share as it offers the highest level of security for sensitive data making it a viable option for the highly sensitive clinical risk grouping data. This data has to be stored in a secure way to avoid any breach of data privacy, which can lead to legal ramifications. However, the public cloud segment is estimated to be the fastest-growing segment with the highest CAGR. Low cost of public cloud systems as compared to other deployment models and a high number of public cloud providers are driving growth in this segment
North America is expected to hold the largest market share. The clinical risk grouping software market in North America is driven by the growing focus on quality care, increasing focus on population health management, and cost containment in the healthcare industry. Also, a highly suitable healthcare IT infrastructure and rising adoption of clinical risk grouping solutions by healthcare payers in the region are supporting the growth of clinical risk grouping solutions in this region.
Key market players include Cerner Corporation (US), Conduent Inc. (US), Nuance Communications (US), Health Catalyst (US), HBI Solutions (US), Johns Hopkins University (US), Lightbeam Health Solutions (US), Dynamic Healthcare Systems (US), 4S Information Systems (US), Evolent Health (US), and PeraHealth (US).
Key Questions Adhered in the Report
- Who are the top 10 players operating in the market?
- What are the growth trends in the market at the segmental and overall market levels?
- How is the market performing in different regions across the globe?
- What are the drivers, restraints, opportunities, and challenges in the market?
- What are the industry trends as well as the current scenario in the market?
- How is the market performing in different regions across the globe?
- Introduction
- Market Definition
- Study Scope
- Study Period
- Market Stakeholders
- Research Methodology
- Secondary Research
- Primary Research
- Research Design
- Data Validation
- Limitations and Assumptions
- Market Dynamics
- Drivers
- Advantages of Risk Management Solutions
- Rising Usage of Big Data Solutions
- Challenges
- Lack of Infrastructure
- Scarcity of Skilled Healthcare IT Professionals
- Patient Data Privacy Concerns
- Opportunities
- Increasing Physician Burnout Due to Documentation Needs
- Increasing Focus on AI and Machine Learning
- Executive Summary
- Clinical Risk Grouping Solutions Market, By Product
- Scorecards & Visualization Tools
- Dashboard Analytics Solutions
- Risk Reporting Solutions
- Clinical Risk Grouping Solutions Market, By Deployment Mode
- Private Cloud
- Public Cloud
- Hybrid Cloud
- Clinical Risk Grouping Solutions Market, By End User
- Hospitals
- Payers
- Ambulatory Care Centers
- Long-Term Care Centers
- Other End Users
- Clinical Risk Grouping Solutions Market, By Region
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Rest of Europe (ROE)
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- 3M Company
- Optum Inc.
- Cerner Corporation
- Nuance Communications
- Conduent Incorporated
- HBI Solutions, Inc.
- 4S Information Systems Ltd.
- Johns Hopkins University
- Lightbeam Health Solutions, LLC
- Dynamic Healthcare Systems, Inc.
Company introduction, financial information, recent developments, SWOT analysis
- Conclusion and Recommendations
- Appendix
- About
- Related Reports
- Glossary
