PUBLISHER: Allied Market Research | PRODUCT CODE: 1193040
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193040
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
By Product
By Deployment
By End User
By Region