The report is updated with thelatest impact of the novel coronavirus pandemic on the market. The pandemic hasdrastically altered the market dynamics and trends and demands. It has alsodisrupted the supply chain and generated financial difficulties. The reportcovers the comprehensive effect of the pandemic on the industry and offers aninitial and future impact assessment of the impact of the COVID-19 pandemic onthe Healthcare Analytics Market business sphere.
The latest market study, HealthcareAnalytics Market blends in qualitative and quantitative research techniques topresent vital data on the competitive landscape for the period of 2020 - 2027.Thisresearch allows the business owners/individuals/ stakeholders to collectdecisive information about market segmentation based on product category, usageand sale volume across the various geographical regions. Business stakeholderscan prepare effective expansion plan by using the statistics on market share,size and the growth rate discussed in the report, for the forecast period of2020 - 2027.Unmatched information on past, present and upcoming market trends coveredin the study offer lucidity on the future projection of the industry.
Readmore@ https://www.emergenresearch.com/industry-report/healthcare-analytics-market
KeyHighlights of Report
In October 2020, TIBCO Software Inc. declared to havereached a contract to acquire Information Builders, Inc., a pioneering dataanalytics software provider. Through the addition of Information Builders,TIBCO would have exposure to a more extensive range of analytics andtechniques, significantly improving the company’s ability to support othercompanies in overcoming the most difficult data quality issues.
The hardware segment is expected to lead the marketthroughout the forecast period. Healthcare analytics entail a robust networkinginfrastructure to collect, analyze, and deliver a large volume of data.High-cost of hardware components, such as computers’ components, is driving thesegment.
The on-premises segment is expected to lead the marketduring the forecast period. Although a unit is located within the premises, itcan also be conveniently accessible from distant locations, offering highenergy use, reduced costs, and benefits in terms of operating.
The descriptive analytics segment is anticipated to lead themarket in the next few years. Capabilities of descriptive analytics to evaluatehistorical insights and to gain viable future analyses are projected to fuelthe segment in the near future.
The financial analysis segment is projected to retain thelargest market share during the forecast period, due to growing utilization ofthe analytics to minimize health care costs and provide better treatmentquality to patients.
The healthcare payer segment is estimated to hold thelargest market share during the forecast period. Such programs help payersidentify improvement points in clinical practice, incorporate new approaches toaddress high-risk patients, and promote observable outcomes.
North America is projected to lead the global market forhealthcare analytics during the forecast period, due to increasingimplementation of electronic health records (EHRs) and rising federallegislations on clinical care to mitigate healthcare expenses and offerimproved treatment to patients.
Key market participants include Health Catalyst Inc.,MedeAnalytics, Inc., Athenahealth Inc., Tenet Healthcare Corporation, EvolentHealth, Oracle Corporation, Verisk Analytics, Inc., Epic Systems Corporation,TIBCO Software Inc., and SAP SE
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RegionalLandscape
North America (U.S., Canada)
Europe (U.K., Italy, Germany,France, Rest of EU)
Asia Pacific (India, Japan,China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil,Argentina, Rest of Latin America)
Middle East & Africa (SaudiArabia, U.A.E., South Africa, Rest of MEA)
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