Global Healthcare Analytics Market is set to grow at a record breaking CAGR of 25.41%

Global Healthcare Analytics Market is set to grow at a record breaking CAGR of 25.41%

ID: 158 | August 2016 | Region: Global


The Global Healthcare Analytics Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape etc. According to the report, the Healthcare Analytics Market is estimated to be $5.68 Billion in 2015 and predicted to rise to $17.62 Billion by 2020 with a CAGR of 25.41%. The market is segmented by Type - (Predictive Analytics, Descriptive/Retrospective Analytics and Prescriptive Analytics), by application – (Financial Analytics, Clinical Analytics, Operational & Administrative Analytics), by end-user – (public health systems, healthcare providers, private healthcare providers, Monitoring agencies, Health Insurance companies, Clinical and Medical research bodies, technology vendors). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

Among the end users, the healthcare providers segment is expected to grow at the highest CAGR during the forecast period. Federal mandates, such as the employment of EHRs and ICD-10 code sets, interest towards value-based medicine, and the mounting pressure for quality care and reduced costs are propelling the growth of this segment.

Geographically, North America represents the largest share of the global market in 2015 and it continues to dominate the market during the period in discussion, mainly owing to the federal mandates supporting the Healthcare IT acceptance in this region

Besides, operational advantages to the healthcare industry in terms of consolidation of the health records and revenue management cycle, there are more than a few other domains where healthcare analytics can be used effectively. It has become an effective tool in targeting a horde of issues and challenges present in the current market scenario like, increasing regulatory pressures on healthcare providers & insurance companies, resource crises, disease surveillance and identification of people at risk amidst global pandemics.

With several big as well as emerging market players present in the market, the healthcare analytics market is highly competitive.  Some of the companies involved are SAS Institute, Inc., Optum, Inc., IBM Corporation, Cerner Corporation, Truven Health Analytics Inc., Verisk Analytics, Inc., Allscripts Health Solutions, McKesson Corporation, Oracle Corporation, MedeAnalytics, Inovalon, Inc. and Health Catalyst.

Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-healthcare-analytics-market-45/” and checkout our recent reports in the Healthcare IT category at “http://www.marketdataforecast.com/research-reports/healthcare/healthcare-it-17/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.

 

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