Clinical Risk Grouping Solutions Market By Product (Data Visualization Tools, Data Analytics), By Deployment (Private Cloud, Public Cloud, Hybrid Cloud), By End User (Healthcare service providers, Helthcare payers): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global clinical risk grouping solutions market was valued at $415.0 million in 2021 and is projected to reach $1,635.56 million by 2031, registering a CAGR of 14.6% from 2022 to 2031.
The clinical risk grouping (CRG) solutions are a well-known system used for distinguishing and grouping individuals with the use of inpatient and ambulatory diagnosis and procedure codes, pharmaceutical records, and demographic data along with the functional health status to assign each individual to a specific risk group for future healthcare projections.
The growth of the clinical risk grouping solutions market is majorly driven by an alarming increase in the prevalence of chronic diseases, such as cancer, diabetes, cardiovascular disease, and hypertension; a rise in the use of virtual health services, advancement in technologies of the healthcare sector, and surge in adoption of telehealth solution. In addition, the increase in focus of the healthcare industry on patient risk management and the rise in the adoption of advanced solutions for clinical risk grouping boosts the growth of the market.
In addition, the increase in physician workload, the need for an efficient solution due to the explosion in patient pool data created in the healthcare industry, and the widespread usage of big data solutions contribute to the growth of the market. Moreover, an increase in R&D activities in cloud storage technology and a rise in the number of healthcare IT service providers foster the clinical risk grouping solutions market. Moreover, the introduction of artificial intelligence (AI) in the development of various healthcare software boosts the growth of the market.
The clinical risk grouping solutions market is segmented on the basis of product, deployment model, end user, and region. By product, the segment market is classified into data visualization tools and data analytics. The data visualization tools are further divided into software, and services.
Depending on the deployment model, it is classified into private cloud, public cloud, and hybrid cloud. Based on the end-user market is categorized into healthcare service providers and healthcare payers. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Cerner corporation, Microsoft corporation, Alibaba Group Holding Limited, IBM, Dundas Data Visualization, Inc, SAS, Klipfolio, Oracle Inc., Domo, Inc., Koch Industries, Qlik Technologies, Salesforce, SAP, Sisense, TIBCO, and Greenway.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the clinical risk grouping solutions market analysis from 2021 to 2031 to identify the prevailing clinical risk grouping solutions market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the clinical risk grouping solutions market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global clinical risk grouping solutions market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
Data Visualization Tools
Type
Software
services
Data Analytics
By Deployment
Private Cloud
Public Cloud
Hybrid Cloud
By End User
Healthcare service providers
Helthcare payers
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Conduent Inc
3M Corporation
Optum, Inc
Cerner Corporation
Nuance Communications
Health Catalyst, Inc
HBI Solutions
Johns Hopkins University
Lightbeam Health Solutions
Dynamic Healthcare Systems
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook