Clinical Informatics Market

The report "Clinical Informatics Market by Function (EHR, Clinical Workflow, PHM, Telehealth, CDSS, Diagnostic, Analytics), Therapeutic Area (Onco, Neuro, Cardio), Component (Software), Deployment (Cloud), End-user (Hospital, ASC), & Region - Global Forecast to 2030", is expected to reach USD 563.18 billion by 2030 from USD 231.45 billion in 2024, at a CAGR of 16.0% during 2024–2030.

Browse 400 market data Tables and 50 Figures spread through 300 Pages and in-depth TOC on "Clinical Informatics Market by Function (EHR, Clinical Workflow, PHM, Telehealth, CDSS, Diagnostic, Analytics), Therapeutic Area (Onco, Neuro, Cardio), Component (Software), Deployment (Cloud), End-user (Hospital, ASC), & Region - Global Forecast to 2030"
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The clinical informatics market is primarily driven by several key factors, such as growing demand for Electronic Health Records (EHRs), Health Information Exchange (HIE) platforms, advancement in the Al and ML for diagnostics and personalized medicine, organizations shifting towards cloud- based solutions, heavy investment in supply chain management solutions to improve efficiency and reduce costs, and the increasing number of collaborations between clinical informatics solution providers companies to driving innovation and technological advancements in the market also play an important role in driving the growth of this market. For example, in October 2024, GE HealthCare (US) partnered with Blackford Analysis (Scotland) to add AI technology to their imaging systems. This helps radiologists work more efficiently and provides better diagnoses for patients.

Mobile health applications segments register the fastest growth in the clinical informatics market in 2023.

On the basis of function, mobile health applications segment is expected to register the fastest growth in the clinical informatics market. A significant share of this segment is attributed to the widespread smartphone adoption, patient-centric care, and integration with Internet of Medical Things (loMT) devices. These apps allow doctors to monitor patients remotely, offer virtual consultations, and manage chronic diseases, all of which support value-based care models. These apps use AI and real-time data to give personalized health advice, thus making healthcare easier to access, especially in areas with fewer resources. They also assist doctors in making better decisions through custom insights and predictions, which helps them manage long-term health conditions and help patients stick to their medication plans.

Hospitals segment holds largest share of the clinical informatics market in 2023.

Based on end-user segment, the clinical informatics market is segmented into hospitals; ambulatory surgical centers, ambulatory care centers, and other outpatient settings; specialty care centers; home healthcare, long-term care, & assisted living facilities; diagnostic & imaging centers; pharmacies, and other end users. In 2023, the hospitals segment is accounted to hold the largest share of the clinical informatics market. Some of the key growth factors driving the segment are rising rates of chronic conditions such as diabetes, heart disease, and obesity, necessitating ongoing medical care and management, legislative reforms such as the Affordable Care Act, expanded access to healthcare, increasing the number of insured patients. Hospitals generate millions of data from EHRs, laboratory systems, medical imaging, and many monitoring devices. This places a huge demand for adequate data management, storage, and analysis, thus propelling the clinical informatics market. For instance, PainChek (Australia) partnered with InterSystems Corporation (US) in November 2022 to enhance its mobile-based pain assessment application. They integrated the app into electronic medical record systems, as that would make it of use to hospitals and eventually to new markets.

Asia Pacific is registered the highest growth during the forecast period with significant CAGR in 2023.

The clinical informatics market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is expected to register highest growth during the forecast period. Factors driving the growth of this region includes increasing disposable incomes. With nearly two-thirds of the world's population residing in this region, healthcare needs are evolving, especially in countries like China, where the number of seniors is increasing by 10 million every year. Governments in the region are taking initiatives to boost healthcare spending and adoption of clinical IT solutions among healthcare providers to enhanced care delivery. For instance, the adoption of China's Healthy China 2030 plan, which aims to expand health services. In addition, health care in India has grown over 20% in the last five years because of increased public as well as private spending on health care and improvements in medical equipment and technologies. Health-care investment in Asia Pacific is becoming one of the fast-growing trends, especially driven in South-East Asia by investment in infrastructure and digital development. Foreign direct investment in the healthcare sector in the region also recovered in the post-pandemic era, with the US being the biggest investor. Besides, the newly developed Personalised Health Index helps healthcare leaders in 11 regions assess their readiness for personalized healthcare.

Key Players

Prominent players in the Clinical Informatics market include UnitedHealth Group (US), Koninkliike Philips N.V. (Netherlands), GE HealthCare (US), Cognizant (US), Oracle (US), Epic Systems Corporation. (US), ExlService Holdings, Inc. (US), EClinicalWorks (US), Medical Information Technology, Inc. (US), Siemens Healthineers (Germany), TruBridge. (US), Veradigm (US), AdvancedMD (US), athenahealth, Inc. (US), Merative (US), NVIDIA Corporation (US), AGFA HealthCare (Belgium), NXGN Management LLC (US).

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