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Healthcare Decision Support And IBM Watson Market By Offerings (IT-Healthcare Solutions, Clinical Data Management, Genomics, Drug Discovery) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Industry Outlook

The healthcare decision support and IBM Watson market is projected to showcase steady growth at a compounded annual growth rate (CAGR) of 11.4% during the forecast period from 2018 to 2026. IT-healthcare segment has undergone tremendous revolution in the last decade providing solutions such as pharmacovigilence, clinical data management, regulatory affairs, scientific journal publications etc. The main goal is to provide best healthcare services to ailing patients worldwide. Healthcare decision support is helpful in guiding physicians regarding which medical tests are effective and can lead to effective conclusion while diagnosing idiopathic diseases and syndromes having overlapping symptoms with other diseases adding to the increased healthcare burden and misery of the ailing patient. Cognitive computing is being utilized by pharmaceutical companies to determine different therapeutic options for malignant tumors based on their genetic anomalies. Clinical trial matching has expedited the patients screening for clinical trial eligibility, drastically reducing the processing time from days to few hours. The most important application of healthcare decision support system is combining artificial intelligence with realistic scientific evidence to promote more visibility to healthcare professionals while providing medicine and palliative care to patients with chronic diseases. The market is still in its nascent stage with lack of awareness in developing nations.

Market Synopsis

Healthcare Decision Support And IBM Watson Market

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"Increasing outsourcing activities and developing healthcare infrastructure throughout the globe propel the IT-healthcare solutions market growth"

IBM Watson has been pioneering in providing healthcare solutions such as data stewardship, maintenance of clinical data, medical insights etc. with effective cloud computing applications for the safety and storage of useful scientific data. Research activities are conducted on a wide scale throughout the globe which needs to be shared with the scientific community to promote research activities pertaining to genomic and drug discovery studies. Artificial intelligence services are being catered to healthcare industry pertaining to annotation of clinical data and patient similarity. In the near future healthcare decision support will assist medical professionals in making useful decisions pertaining to treatment of chronic diseases such as cancer, diabetes, cardiovascular, genetic anomalies etc., by providing latest medical insights in real time mode. 

Healthcare Decision Support And IBM Watson Market

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"Established software industry and increasing demand for drug discovery drives the healthcare decision support market growth in North America"

North America is the dominant leader in the regional segment for healthcare decision support and IBM Watson market. Presence of established IT sector providing healthcare services & solutions and increasing demand for drug discovery drive the healthcare decision support market growth in North America. Tremendous government funding in conducting medical research and effective collaboration of pharmaceutical giants with research academia has led to the development of huge clinical data which needs to be managed accordingly in the European region. Asia Pacific is showing significant growth prospectus on account of rising prevalence of chronic disease, evolving health insurance sector and outsourcing activities performed by IT giants pertaining to healthcare.

Healthcare Decision Support And IBM Watson Market

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Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments are calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The market segmentation is as followed:

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 By Offerings (2016–2026; US$ Mn)
 • IT-Healthcare Solutions
 • Clinical Data Management
 • Genomics
 • Drug Discovery

 Geography Segment (2016–2026; US$ Mn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

Major software companies providing healthcare decision support are Accenture, Aetna, American Well Systems, AT&T, Cisco, EMC Health Care Ltd., IBM Watson, McKesson Corporation, Optum, Inc. and Vangent, Inc.

Key questions answered in this report

  • What healthcare services are being provided by IT giants throughout the globe?
  • What are the latest mergers and acquisitions influencing the healthcare decision support market growth?
  • What are the DRO’s relevant to healthcare decision support and IBM Watson Market
  • What is the market performance of different offerings provided by healthcare decision support and IBM Watson market?
  • Why is North America dominating the geographical segment for healthcare decision support and IBM Watson Market?
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Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Jan 2019
Category:  Healthcare
Report ID:   59508
Report Format:   PDF
Pages:   120
Rating:    4.4 (58)
Delivery Time: 24 Hours to 48 Hours   
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