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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

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Published: | Report ID: 7202 | Report Format : PDF

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.

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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.

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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?

Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Approach Adopted
1.3.4. Top-down Approach
1.3.5. Bottom-up Approach
1.3.6. Phase III-Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation

Chapter 2. Executive Summary
2.1. Global HDSIW Market Portraiture
2.2. Global HDSIW Market, by Offerings, 2017 (US$ Mn)
2.3. Global HDSIW Market, by Geography, 2017 (US$ Mn)

Chapter 3. Healthcare Decision Support and IBM Watson (HDSIW) Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global HDSIW Market, by Key Players, 2017

Chapter 4. Global Healthcare Decision Support and IBM Watson (HDSIW) Market, by Offerings
4.1. Overview
4.2. IT-Healthcare Solutions
4.3. Clinical Data Management
4.4. Genomics
4.5. Drug Discovery

Chapter 5. Global Healthcare Decision Support and IBM Watson (HDSIW) Market, by Geography
5.1. Overview
5.2. North America HDSIW Market Analysis, 2016 – 2026
5.2.1. North America HDSIW Market, by Offerings, 2016 – 2026 (US$ Mn)
5.2.2. North America HDSIW Market, by Country, 2016 – 2026 (US$ Mn)
5.2.2.1. U.S.
5.2.2.2. Canada
5.3. Europe HDSIW Market Analysis, 2016 – 2026
5.3.1. Europe HDSIW Market, by Offerings, 2016 – 2026 (US$ Mn)
5.3.2. Europe HDSIW Market, by Country/Region, 2016 – 2026 (US$ Mn)
5.3.2.1. U.K.
5.3.2.2. Germany
5.3.2.3. Rest of Europe
5.4. Asia Pacific HDSIW Market Analysis, 2016 – 2026
5.4.1. Asia Pacific HDSIW Market, by Offerings, 2016 – 2026 (US$ Mn)
5.4.2. Asia Pacific HDSIW Market, by Country/Region, 2016 – 2026 (US$ Mn)
5.4.2.1. China
5.4.2.2. Japan
5.4.2.3. Rest of Asia Pacific
5.5. Latin America HDSIW Market Analysis, 2016 – 2026
5.5.1. Latin America HDSIW Market, by Offerings, 2016 – 2026 (US$ Mn)
5.5.2. Latin America HDSIW Market, by Country/Region, 2016 – 2026 (US$ Mn)
5.5.2.1. Brazil
5.5.2.2. Mexico
5.5.2.3. Rest of Latin America
5.6. Middle East & Africa HDSIW Market Analysis, 2016 – 2026
5.6.1. MEA HDSIW Market, by Offerings, 2016 – 2026 (US$ Mn)
5.6.2. MEA HDSIW Market, by Region, 2016 – 2026 (US$ Mn)
5.6.2.1. GCC
5.6.2.2. Rest of MEA

Chapter 6. Company Profiles
6.1. Accenture
6.1.1. Business Description
6.1.2. Financial Information (Subject to data availability)
6.1.3. Product Portfolio
6.1.4. News Coverage
6.2. Aetna
6.3. American Well Systems
6.4. AT&T
6.5. Cisco
6.6. EMC Health Care Ltd.
6.7. IBM Watson
6.8. McKesson Corporation
6.9. Optum, Inc.
6.10. Vangent, Inc.

List of Figures

FIG. 1 Healthcare Decision Support and IBM Watson (HDSIW) Market: Research Methodology
FIG. 2 HDSIW Market Segmentation
FIG. 3 Global HDSIW Market, by Offerings, 2017 (US$ Mn)
FIG. 4 Global HDSIW Market, by Geography, 2017 (US$ Mn)
FIG. 5 Attractive Investment Proposition: by Geography, 2017
FIG. 6 Competitive Analysis: Global HDSIW Market, by Key Players, 2017
FIG. 7 Global IT-Healthcare Solutions Market for Healthcare Decision Support and IBM Watson, 2016 – 2026 (US$ Mn)
FIG. 8 Global Clinical Data Management Market for Healthcare Decision Support and IBM Watson, 2016 – 2026 (US$ Mn)
FIG. 9 Global Genomics Market for Healthcare Decision Support and IBM Watson, 2016 – 2026 (US$ Mn)
FIG. 10 Global Drug Discovery Market for Healthcare Decision Support and IBM Watson, 2016 – 2026 (US$ Mn)
FIG. 11 U.S. HDSIW Market, 2016 – 2026 (US$ Mn)
FIG. 12 Canada HDSIW Market, 2016 – 2026 (US$ Mn)
FIG. 13 U.K. HDSIW Market, 2016 – 2026 (US$ Mn)
FIG. 14 Germany HDSIW Market, 2016 – 2026 (US$ Mn)
FIG. 15 Rest of Europe HDSIW Market, 2016 – 2026 (US$ Mn)
FIG. 16 China HDSIW Market, 2016 – 2026 (US$ Mn)
FIG. 17 Japan HDSIW Market, 2016 – 2026 (US$ Mn)
FIG. 18 Rest of Asia Pacific HDSIW Market, 2016 – 2026 (US$ Mn)
FIG. 19 Brazil HDSIW Market, 2016 – 2026 (US$ Mn)
FIG. 20 Mexico HDSIW Market, 2016 – 2026 (US$ Mn)
FIG. 21 Rest of Latin America HDSIW Market, 2016 – 2026 (US$ Mn)
FIG. 22 GCC HDSIW Market, 2016 – 2026 (US$ Mn)
FIG. 23 Rest of Middle East and Africa HDSIW Market, 2016 – 2026 (US$ Mn)

List of Tables

TABLE 1 Global Healthcare Decision Support and IBM Watson (HDSIW) Market Portraiture
TABLE 2 Global HDSIW Market, by Offerings, 2016 – 2026 (US$ Mn)
TABLE 3 Global HDSIW Market, by Geography, 2016 – 2026 (US$ Mn)
TABLE 4 North America HDSIW Market, by Offerings, 2016 – 2026 (US$ Mn)
TABLE 5 North America HDSIW Market, by Country, 2016 – 2026 (US$ Mn)
TABLE 6 Europe HDSIW Market, by Offerings, 2016 – 2026 (US$ Mn)
TABLE 7 Europe HDSIW Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 8 Asia Pacific HDSIW Market, by Offerings, 2016 – 2026 (US$ Mn)
TABLE 9 Asia Pacific HDSIW Market, by Country/Region, 2015 – 2025 (US$ Mn)
TABLE 10 Latin America HDSIW Market, by Offerings, 2016 – 2026 (US$ Mn)
TABLE 11 Latin America HDSIW Market, by Country/Region, 2016 – 2026 (US$ Mn)
TABLE 12 Middle East and Africa HDSIW Market, by Offerings, 2016 – 2026 (US$ Mn)
TABLE 13 Middle East and Africa HDSIW Market, by Region, 2016 – 2026 (US$ Mn)
TABLE 14 Accenture: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 15 Aetna: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 16 American Well Systems: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 17 AT&T: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 18 Cisco: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 19 EMC Health Care Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 20 IBM Watson: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 21 McKesson Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 22 Optum, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
TABLE 23 Vangent, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)

Frequently Asked Questions:

What is the size of Healthcare Decision Support And IBM Watson Market?

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

What is the Healthcare Decision Support And IBM Watson Market CAGR?

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

What is the Forecast period considered for Healthcare Decision Support And IBM Watson Market?

The report is forecasted from 2018-2026.

What is the base year considered for Healthcare Decision Support And IBM Watson Market?

The base year of this report is 2017.

Who are the major players in this market?

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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