Worldwide Healthcare Analytics market research report provides the latest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability. The industry report lists the leading competitors and provides insights and strategic industry analysis of the key factors influencing the market.
Global Healthcare Analytics Market was valued at USD 18.32 billion in 2021 and is expected to reach USD 145.20 billion by 2029, registering a CAGR of 24.58% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Healthcare Analytics market research report involves six major parameters namely market analysis, market definition, market segmentation, key developments in the market, competitive analysis, and research methodology. Competitive analysis is the major aspect of any market research report and by understanding these many points are covered in the report including strategic profiling of key players in the market, analyse their core competencies, and draw a competitive landscape for the market. Key players in the market, major collaborations, mergers and acquisitions along with trending innovation and business policies are reviewed in the comprehensive Healthcare Analytics market report.
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Essential Determinant Factors of Healthcare Analytics Market
The report includes the forecasts, analysis, and discussion of important industry trends, market size, market share estimates, and profiles of the leading industry Players. This report discusses the impact of the Covid-19 outbreak on the industry, involving potential opportunities and challenges, drivers, and risks. The report includes 144+ Tables and Figures which cover Revenue, sales and growth rate, market share, major players verified data, Regional analysis, Labor costs analysis, supply chain analysis, cost structure analysis, Labor costs, and more.
Healthcare analytics assist healthcare professionals in finding opportunities to enhance patient engagement, clinical outcomes, patient engagement and care delivery. Healthcare analytics solutions make use of the vast amounts of collected data for offering organizations with actionable insights.
Key Players in the Global Market - Healthcare Analytics Market
The healthcare analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to healthcare analytics market.
Some of the major players operating in the healthcare analytics market are IBM (US), Wipro Limited (India), Allscripts Healthcare, LLC (US), Cerner Corporation (US), Health Catalyst (US), Inovalon (US), McKesson Corporation (US), MEDEANALYTICS, INC. (US), Optum, Inc. (US), Oracle (US), SAS Institute Inc. (US), ExlService Holdings, Inc. (US), CitiusTech Inc. (US), IQVIA (US), and GENERAL ELECTRIC (US), among others.
The top-notch global Healthcare Analytics market research report has been structured by skilful and experienced team players who work hard to accomplish an absolute growth and success in the business. The report performs market study and analysis to provide market data by considering new product development from beginning to launch. The key research methodology used throughout this market report by DBMR research team is data triangulation which entails data mining, analysis of the impact of data variables on the market, and primary validation. Adopting such Healthcare Analytics market report is always beneficial for any company, whether it is a small scale or large scale, for marketing its products or services.
Market Segments Covered in the Market Analysis - Healthcare Analytics Market
The healthcare analytics market is segmented on the basis of type, component, delivery model, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Prescriptive Analytics
Predictive Analytics
Descriptive Analytics
On the basis of type, the market is segmented into prescriptive analytics, predictive analytics and descriptive analytics.
Component
Services
Software
Hardware
On the basis of component, the market is segmented into services, software and hardware. The services segment is sub-segmented into support services and business analytics services.
Delivery Model
On-Demand
On Premise
On the basis of delivery model, the market is segregated into on-demand and on premise.
Application
Clinical Analytics
Population Health Analytics
Operational and Administrative Analytics
Financial Analytics
On the basis of application, the market is segmented into clinical analytics, population health analytics, operational and administrative analytics and financial analytics. The clinical analytics segment is sub-segmented into quality improvement and clinical benchmarking, clinical decision support, regulatory reporting and compliance, comparative analytics/ effectiveness and precision health. The financial analytics segment is sub-segmented into claims processing, revenue cycle management (RCM), payment integrity and fraud, waste, and abuse (FWA) and risk adjustment and risk assessment. The operational and administrative analytics segment is sub-segmented into supply chain analytics, workforce analytics, enterprise performance, supply chain analytics, market intelligence, research analytics and strategic analytics. The population health analytics segment is sub-segmented into population risk management, population care management, patient engagement, clinical outcome management and activity-based costing.
End User
Healthcare Payers
Healthcare Providers
ACOS
HIES
MCOS
TPAS
On the basis of end user, the market is segmented into healthcare payers, healthcare providers and ACOS, HIES, MCOS, and TPAS.
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Healthcare Analytics Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
The increase in the cost of operations and the decline in reimbursements for laboratory services
The surge in the cost of various medical procedures, along with the reduction in reimbursements for laboratory services, accelerate the demand for healthcare interoperability solutions across healthcare providers and healthcare payers.
Government investments for healthcare interoperability
The increase in the funding by the federal government to drive the adoption of these solutions further influence the market.
Regulatory Compliance
Maintaining compliance with medical reforms and regulations raises the demand for these solutions.
The rise in the adoption of electronic health records (EHR)
It is a challenge to store the bulk data generated by the electronic health records (EHR) on the local storage devices due to the risk associated with the loss of essential data. Hence, deploying these healthcare analytics in the healthcare sector becomes critical to enable easy sharing and storage of big data.
Opportunities
Furthermore, use of analytics in precision and personalized medicine and cloud-based analytics extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, increase in the focus on value-based medicine and rise in augmented analytics will further expand the healthcare analytics solutions market's growth rate in the future.
Restraints/Challenges Global Healthcare Analytics Market
On the other hand, high cost of analytics solutions and concerns regarding inaccurate and inconsistent data are expected to obstruct market growth. Also, reluctance to adopt healthcare analytics solutions in emerging countries and issues with data integration are projected to challenge the healthcare analytics market in the forecast period of 2022-2029.
This healthcare analytics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on healthcare analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Healthcare Analytics Market
The COVID-19 pandemic had a significant impact on the world’s population and healthcare industry. An increase in the importance of big data in healthcare industry due to the result of the pandemic. Predictive and prescriptive analytics are utilized for developing prediction models for estimating the emergence of subsequent waves of COVID-19 infection. Operational analytics are highly beneficial in the management of COVID-19 bed allocation in ICU units and patient data.
Table of Contents with Major Points
1. Executive Summary - Healthcare Analytics Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Trends - Healthcare Analytics Market
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors - Healthcare Analytics Market
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Healthcare Analytics Market Demand Analysis 2015 - 2021 and Forecast, 2022 - 2029
Browse complete table of contents at https://www.databridgemarketresearch.com/toc/?dbmr=global-healthcare-analytics-market&AC
Global Market Anaysis: Region-wise
The healthcare analytics market is analysed and market size insights and trends are provided by country, type, component, delivery model, application and end user as referenced above.
The countries covered in the healthcare analytics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the healthcare analytics market because of the geriatric population, and increasing prevalence of chronic disorders within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the adoption of advanced analytical solutions in the region.
Customization Available: Global Healthcare Analytics Market
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