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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 markets are projected to showcase steady growth at a compounded annual growth rate (CAGR) of 11.4% during the forecast period from 2018 to 2026. The IT-healthcare segment has undergone a tremendous revolution in the last decade, providing solutions such as pharmacovigilance, clinical data management, regulatory affairs, scientific journal publications, etc. The main goal is to provide the 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 an 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 a few hours. The most important application of a healthcare decision support system is combining artificial intelligence with real scientific evidence to promote more visibility for healthcare professionals while providing medicine and palliative care to patients with chronic diseases. The market is still in its nascent stage due to a lack of awareness in developing nations.

Market Synopsis

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

IBM Watson has been a pioneer 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 for clinical data annotation and patient similarity are being offered to the healthcare industry. Healthcare decision support will assist medical professionals in making useful decisions about the treatment of chronic diseases such as cancer, diabetes, cardiovascular disease, genetic anomalies, and so on in the near future by providing the most recent medical insights in real-time mode.

An established software industry and increasing demand for drug discovery drive the healthcare decision support market's growth in North America.

North America is the dominant leader in the regional segment for healthcare decision support and the IBM Watson market. The presence of an established IT sector providing healthcare services and solutions and increasing demand for drug discovery drive the healthcare decision support market's growth in North America. Massive government funding for medical research, as well as effective collaboration between pharmaceutical behemoths and research universities, have resulted in the generation of massive amounts of clinical data, which must be managed appropriately in the European region. Asia Pacific is showing significant growth prospects on account of the rising prevalence of chronic disease, the evolving health insurance sector, and outsourcing activities performed by IT giants pertaining to healthcare.

Periods of History and Forecast

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

Report Scope by Segments

The market segmentation is as follows:

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 are answered in this report.

  • What are healthcare services being provided by IT giants throughout the globe?
  • What are the latest mergers and acquisitions influencing the healthcare decision-support market's growth?
  • What are the DROs relevant to the IBM Watson Market and healthcare decision support?
  • What is the market performance of different offerings provided by healthcare decision support and IBM Watson marketing?
  • Why is North America the geographical leader in healthcare decision support and the IBM Watson Market? 

Frequently Asked Questions:

The market for Healthcare Decision Support And IBM Watson Market is expected to reach US$ XX Mn by 2026.

The Healthcare Decision Support And IBM Watson Market is expected to see significant CAGR growth over the coming years, at 11.4%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Aetna, American Well Systems, AT&T, Cisco, EMC Health Care Ltd., IBM Watson, McKesson Corporation, Optum, Inc., and Vangent, Inc are some of the major players in the global market.

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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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