Medical Information Market to Record 22.12% Y-O-Y Growth Rate in 2021 | Accenture Plc and Change Healthcare Inc. Among Key Vendors | Technavio

• Total Pages: 120
• Companies: 10+ – Including Accenture Plc, Change Healthcare Inc., Cognizant Technology Solutions Corp., Ergomed Plc, HCL Technologies Ltd., Infosys Ltd., IQVIA Holdings Inc., MakroCare, Parexel International Corp., and ProPharma Group Holdings LLC among others.
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape
• Segments: Service (contract outsourcing and in-house)
• Geographies: North America, APAC, Europe, South America, and MEA

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According to the recent market study by Technavio, the Medical Information Market is expected to increase by USD 7.83 billion from 2020 to 2025, at an accelerated CAGR of 25.02%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

North America will register the highest growth rate of 36% among the other regions. The US is the key market for medical information.

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Vendor Insights-

The medical information market is fragmented, and the vendors are using various organic and inorganic growth strategies to compete in the market. The key news of some of the vendors is mentioned below:

Accenture Plc - In May 2021, the company acquired Homburg and Partner, a strategic management consulting company with deep specialization in commercial strategy, sales, and pricing.

Change Healthcare Inc. - In March 2021, the company unveiled a new collaboration with Amazon Web Services Inc. to better assess and enhance the effectiveness of interventions and therapies, mainly for underserved and vulnerable populations.

Cognizant Technology Solutions Corp. - In June 2021, the company completed the acquisition of Munich, Germany-based ESG Mobility, a digital automotive engineering, R&D provider for connected, autonomous, and electric vehicles.

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Regional Market Outlook

The medical information market share growth in North America will be significant during the forecast period. The US is the key market for medical information in North America.

North America has been recording a significant growth rate. It is expected to offer several growth opportunities to market vendors during the forecast period. The presence of favorable government initiatives will drive the medical information market growth in North America during the forecast period. 

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Challenges Impacting Driving the Market-

The increasing adoption of EHRs is driving the growth of the medical information market. However, factors such as concerns related to data safety and security may challenge the market growth.

Find additional information about various other market Drivers & Challenges mentioned in our FREE sample report.

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Reasons to Buy Medical Information Market Report:

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist medical information market growth during the next five years
• Estimation of the medical information market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the medical information market across North America, APAC, Europe, South America, and MEA
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of medical information market vendors

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SOURCE Technavio