Healthcare Analytics Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of Healthcare Analytics Market by product (descriptive, prescriptive and predictive), application (financial analytics, operational analytics, population health analytics and clinical analytics), end users (physicians, clinics, hospitals and others) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the Healthcare Analytics Market it includes the five years Industry analysis and the 6 years annual forecast from 2017 to 2023. Some of the prominent participants in the Global Healthcare Analytics Market are Cerner Corporation, Inovalon Holdings Inc., International Business Machines Corporation, Athenahealth Inc, OptumHealth Inc., Change Healthcare, Computer Programs and Systems Inc., McKesson Corporation, Tenet Healthcare Corporation and Allscripts Healthcare Solutions Inc. According to the report the Global Healthcare Analytics Market is projected to grow at a CAGR of 12.5% in terms of value over the period of 2017-2023.
Large Number of New Market Entrants and Innovative Healthcare Approaches to Deliver the Treatments is Increasing the Complexity and Competition
Currently, the global healthcare industry is experiencing fundamental transformation to a value based business from a volume based business. With the increasing demand from consumers for improved healthcare quality and enhanced value, the healthcare providers and payers around the world are challenged by reduction of costs, improve better outcomes, provide more with less and be more patient centric. Similarly, the cost dynamics of the healthcare industry are changing drastically, which is mainly driven by the prevalence of chronic and infectious diseases, and defensive medicine practices. Large number of new market entrants and innovative healthcare approaches to deliver the treatments is increasing the complexity and competition. As a result, the healthcare industry is becoming more and more complex over the next few years. This immense complexity could challenge the global healthcare industry implementing smarter and more informed decisions, to deliver better value and improved outcomes. In addition, the increasing regulatory presence of government creates additional focus on accountability, governance and oversight on the industry.
Market dynamics and competitive pressures require enhanced understanding of underlying trends and a path to differentiation. Building analytics competency will enable the healthcare organizations to deliver better outcomes, set their future vision and create actionable insights. Analytics can improve effectiveness and efficiency. From managing small issues to larger processes, these analytics can aid assessment and discovery of innovative insights, which ultimately help design and plan policy, improve service delivery operations, enhance sustainability, mitigate risk and evaluating critical organizational data. Some of the restraining factors that could hinder the growth of the market include data breach or security issues, technological and cultural barriers at the data source point, confidentiality issues and lack of skilled personnel across the globe. In addition, associated break points in creating global healthcare analytics network due to fragmented international political and economic relations may also pose a major threat towards the growth of the healthcare analytics market.
The report on global healthcare analytics market covers segments such as, product, application and end user. On the basis of product the global healthcare analytics market is categorized into descriptive analytics, prescriptive analytics and predictive analytics. On the basis of application the global healthcare analytics market is categorized into financial analytics, operational analytics, population health analytics and clinical analytics. On the basis of end user the global healthcare analytics market is categorized into physicians, clinics, hospitals and others.
North America to witness the highest growth during the forecast period
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015-2023.North America dominates the healthcare analytics market, which is evident from the presence of key market players in the United States. Moreover, the large market share is attributable to the impact of legislations in the U.S such as Electronic Health Records (EHR), and incentives funded by the Health Information Technology for Economic and Clinical Health (HITECH).
Major Key Players Covered in this Report:
The report provides profiles of the companies in the global healthcare analytics market such as, Cerner Corporation, Inovalon Holdings Inc., International Business Machines Corporation, AthenahealthInc, OptumHealth Inc., Change Healthcare, Computer Programs and Systems Inc., McKesson Corporation, Tenet Healthcare Corporation and Allscripts Healthcare Solutions Inc.
Table of Contents:-
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
2. Executive Summary
3. Global Healthcare Analytics Market Overview
3.2. Market Dynamics
3.3. Porter’s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.5. Competitive Landscape in the Global Healthcare Analytics Market
4. Global Healthcare Analytics Market by Product
4.1. Descriptive Analytics
4.2. Prescriptive Analytics
4.3. Predictive Analytics
5. Global Healthcare Analytics Market by Application
5.1. Financial Analytics
5.2. Operational Analytics
5.3. Population Health Analytics
5.4. Clinical Analytics
6. Global Healthcare Analytics Market by End User
7. Global Healthcare Analytics Market by Region 2017-2023
7.1. North America
7.1.1. North America Healthcare Analytics Market by Product
7.1.2. North America Healthcare Analytics Market by Application
7.1.3. North America Healthcare Analytics Market by End User
7.1.4. North America Healthcare Analytics Market by Country
7.2.1. Europe Healthcare Analytics Market by Product
7.2.2. Europe Healthcare Analytics Market by Application
7.2.3. Europe Healthcare Analytics Market by End User
7.2.4. Europe Healthcare Analytics Market by Country
7.3.1. Asia-Pacific Healthcare Analytics Market by Product
7.3.2. Asia-Pacific Healthcare Analytics Market by Application
7.3.3. Asia-Pacific Healthcare Analytics Market by End User
7.3.4. Asia-Pacific Healthcare Analytics Market by Country
7.4.1. RoW Healthcare Analytics Market by Product
7.4.2. RoW Healthcare Analytics Market by Application
7.4.3. RoW Healthcare Analytics Market by End User
7.4.4. RoW Healthcare Analytics Market by Sub-region
8. Company Covered
8.1. Cerner Corporation
8.2. Inovalon Holdings Inc.
8.3. International Business Machines Corporation
8.5. Optumhealth Inc.
8.6. Change Healthcare
8.7. Computer Programs and Systems Inc.
8.8. Mckesson Corporation
8.9. Tenet Healthcare Corporation
8.10. Allscripts Healthcare Solutions Inc.
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