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Pulished Date June, 2021
ID: 11670
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Global Healthcare Operational Analytics Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Type, Component, Deployment, End-user, & Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)- Industry Forecast (2021 to 2026)

Pulished: June, 2021
ID: 11670
Pages: 190

Global Healthcare Operational Analytics Market Size (2021 to 2026)

The size of the global healthcare operational analytics market is estimated to be growing at a CAGR of 9.1% during the forecast period.

Analytics in healthcare is becoming more prevalent, and it will significantly impact the future of medicine and care delivery. Analytics has a wide range of applications, including the ability to improve healthcare efficiency while improving quality of care, mine genetic data, effectively respond to disasters, reduce costs, and achieve various other goals. There will be numerous stumbling blocks along the way. Privacy concerns, the collection and availability of high-quality data, data standards, data communication to end-users, and even the availability of qualified personnel to deliver on such promises are among these concerns. Nevertheless, these technologies are changing how society manages healthcare, resulting in healthier citizens with longer survival rates.

MARKET DRIVERS:

Growing popularity and usage of cloud computing, mobile devices, and Internet of Things (IoT) device are expected to boost the global healthcare operational analytics market growth.

Healthcare providers have recognized the actual potential of cloud-based healthcare solutions all around the world. Patients, doctors, and healthcare organizations all benefit from the cloud regarding operational, functional, and economic benefits. Cloud computing is transforming patient care, diagnosis, data security, and more in the healthcare business. However, the majority of service providers lack the resources to operate a robust security infrastructure. Hence, the growing acceptance and adoption of these technological solutions in healthcare are anticipated to drive the global healthcare operational analytics market.

Y-O-Y growth in the global mHealth market will likely show acceleration in the global healthcare operational analytics market.

In today's digital age, everyone appears to be concerned with using the in-built pedometer of their portable and wearable gadgets, such as smartphones, smartwatches, fitness trackers, or tablets, to track their fitness and health data. However, Apple and Google provide dedicated platforms for developing research applications for fitness and health statistics, such as Apple's ResearchKit and Google Fit.

Additionally, factors such as the growing adoption of IoT in healthcare, increased amount of data being generated by electronic health records (EHRs), claims, and patients, rising focus on real-world evidence, and big data in healthcare improve patient outcomes. Growing focus on value-based care and the application of analytics to precision and personalized treatment is expected to promote the growth rate of the global healthcare operational analytics market.

Y-O-Y growth in the prevalence of chronic diseases, pressure to reduce healthcare costs, the rising elderly population, and life expectancy growing worldwide is further expected to accelerate the global healthcare operational analytics market. According to the World Health Organization, CVDs killed nearly 17.9 million people in 2016, accounting for 31% of all human deaths. Heart attacks and strokes account for approximately 85 percent of these fatalities. In 2016, there were nearly 251 million COPD cases worldwide, according to the World Health Organization's Global Burden of Disease Study. Nearly 90% of COPD deaths occur in the low and middle.

MARKET RESTRAINTS:

AI-powered log analytics and real-time monitoring of performance issues and cyber threats are just a few of the restraints. Rising analytics solution costs, data privacy and theft concerns, and a scarcity of skilled IT professionals are expected to hamper the market's growth rate. Insufficient scalability, larger infrastructure is required, concerns associated with data security, high costs associated with the maintenance, and risks associated with latency and downtime are further expected to impact the global healthcare operational analytics market growth negatively.

Impact of COVID-19 on the global healthcare operational analytics market:

The current pandemic is influencing the future of healthcare analytics and health insurance in general. The amount of data collected and analyzed by hospitals and healthcare organizations worldwide was already increasing, but the outbreak has heightened the importance of data even further. During a pandemic, healthcare professionals struggle to monitor larger intensive care capacities, monitor staff safety/fatigue and optimize every available resource. At the same time, the pandemic's urgency may be pushing the healthcare industry to adopt data and analytics for decision-making more quickly.

The COVID-19 pandemic is delaying medical care changes, urging both innovation and growing technology that allows patients to interact with the healthcare system remotely. While the pandemic crisis may have accelerated the healthcare industry's cultural shift, it will be interesting to see what happens during pandemic recovery and potential future outbreaks. The current healthcare crisis has pressured healthcare leaders to create high-quality, clean datasets for algorithm development. During the COVID-19 pandemic, healthcare settings used cloud technologies to enable rapid application deployment in individual organizations and data analytics integration across organizations.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 to 2026

Base Year

2020

Forecast Period

2021 to 2026

Segments Covered

By Type, Component, Deployment, End-user, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global healthcare operational analytics market has been segmented and sub-segmented based on type, component, deployment, end-user, and region.

Healthcare Operational Analytics Market – By Type:

  • Supply Chain Analytics
  • Human Resource Analytics
  • Strategic Analytics

Healthcare Operational Analytics Market – By Component:

  • Software
  • Hardware
  • Services

Healthcare Operational Analytics Market – By Deployment:

  • On-Premise
  • Web and Cloud-based

Healthcare Operational Analytics Market – By End-user:

  • Hospitals and Clinics
  • Pharmaceutical and Biotechnology Companies
  • Others

Healthcare Operational Analytics Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

KEY MARKET PLAYERS:

IBM Corporation, Wipro Limited, Health Catalyst, Allscripts, Cerner Corporation, Inovalon, MEDEANALYTICS, INC., McKesson Corporation, Oracle, Optum, Inc., IQVIA, SAS Institute Inc., Verscend Technologies Pvt. Ltd, Vitreous Health, CitiusTech Inc., and GENERAL ELECTRIC are notable companies in the global healthcare operational analytics market.

  1. Introduction                                                          
    1. Market Definition                                               
    2. Scope of the report                                            
    3. Study Assumptions                                            
    4. Base Currency, Base Year and Forecast Periods                                                     
  2. Research Methodology                                                                    
    1. Analysis Design                                                   
    2. Research Phases                                                 
      1. Secondary Research                                       
      2. Primary Research                              
      3. Data Modelling                                 
      4. Expert Validation                              
    3. Study Timeline                                                    
  3. Report Overview                                                                 
    1. Executive Summary                                           
    2. Key Inferences                                                  
  4. Market Dynamics                                                                
    1. Impact Analysis                                                   
      1. Drivers                                  
      2. Restraints                              
      3. Opportunities                                    
    2. Regulatory Environment                                                  
    3. Technology Timeline & Recent Trends                                                      
  5. Competitor Benchmarking Analysis                                                             
    1. Key Player Benchmarking                                                
      1. Market share analysis                                    
      2. Products/Service                              
      3. Regional Presence                            
    2. Mergers & Acquisition Landscape                                                
    3. Joint Ventures & Collaborations                                                  
  6. Market Segmentation                                                                       
    1. Healthcare Operational Analytics Market, By Type
      1. Supply Chain Analytics
      2. Human Resource Analytics
      3. Strategic Analytics
      4. Market Size Estimations & Forecasts (2021-2026)                               
      5. Y-o-Y Growth Rate Analysis                                         
      6. Market Attractiveness Index                                       
    2. Healthcare Operational Analytics Market, By Delivery Model                                                     
      1. On-Premise Models
      2. Cloud-Based Models
      3. Hybrid Models
      4. Market Size Estimations & Forecasts (2021-2026)                               
      5. Y-o-Y Growth Rate Analysis                                         
      6. Market Attractiveness Index        
    3. Healthcare Operational Analytics Market, By Component
      1. Software
      2. Hardware
      3. Services
      4. Operational & Administrative Applications
      5.          Market Size Estimations & Forecasts (2021-2026)                               
      6. Y-o-Y Growth Rate Analysis                                         
      7. Market Attractiveness Index               
    4. Healthcare Operational Analytics Market, By Deployment
      1. On-Premise
      2. Web and Cloud-based
      3. Market Size Estimations & Forecasts (2021-2026)                               
      4. Y-o-Y Growth Rate Analysis                                         
      5. Market Attractiveness Index               
    5. Healthcare Operational Analytics Market, By End-User                                          
      1. Hospitals and Clinics
      2. Pharmaceutical and Biotechnology Companies
      3. Others
      4. Market Size Estimations & Forecasts (2021-2026)                               
      5. Y-o-Y Growth Rate Analysis                                         
      6. Market Attractiveness Index                                       
  7. Geographical Landscape                                                                  
    1. Global Healthcare Operational Analytics Market, by Region                                            
    2. North America - Market Analysis (2021 to 2026)                                                      
      1. By Country                                         
        1. USA                      
        2. Canada               
    3. Europe                                                   
      1. By Country                                         
        1. UK                        
        2. France                 
        3. Germany                          
        4. Spain                   
        5. Italy                     
        6. Rest of Europe                 
    4. Asia Pacific                                             
      1. By Country                                         
        1. China                  
        2. India                    
        3. Japan                  
        4. South Korea                     
        5. South East Asia                
        6. Australia & NZ                  
        7. Rest of Asia-Pacific                        
    5. Latin America                                                      
      1. By Country                                         
        1. Brazil                   
        2. Argentina                         
        3. Mexico                
        4. Rest of Latin America                   
    6. Middle East and Africa                                                     
      1. By Country                                         
        1. Middle East                      
        2. Africa                  
  8. Key Player Analysis                                                             
    1. IBM Corporation
      1. Business Description                                      
      2. Products/Service                              
      3. Financials                             
      4. SWOT Analysis                                  
      5. Recent Developments                                    
      6. Analyst Overview                              
    2. Wipro Limited
    3. Health Catalyst
    4. Allscripts
    5. Cerner Corporation
    6. Inovalon
    7. MEDEANALYTICS, INC.
    8. McKesson Corporation
    9. Oracle
    10. Optum, Inc.
    11. IQVIA
    12. SAS Institute Inc.
    13. Verscend Technologies Pvt. Ltd
    14. Vitreous Health
    15. CitiusTech Inc.
    16. GENERAL ELECTRIC
  9. Market Outlook & Investment Opportunities                                                          
  10. Appendix                                               
    1. List of Tables
    2. List of Figures
  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of type, component, deployment and end-user along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.

Healthcare Operational Analytics Market

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