Healthcare analytics is one of the emerging areas of
healthcare services. It extensively uses information technology tools, data,
statistical and qualitative analysis, explanatory and predictive modeling. The
analytics help the healthcare organizations in reducing the hospital stays of
patients, meeting regulatory compliance, improved quality care, preclusion of
chronic diseases, and fraud detection.
Global healthcare analytics market is segmented into tool
types, applications, components, delivery modes, end users and geography. Tool
types market is further partitioned into descriptive, predictive and
prescriptive analytics. Components are classified into hardware, software and
services segments. Mode of delivery is segmented into on-promise, web-hosted
and cloud-based models. Depending on the end users, the healthcare analytics
market is sectioned into payers, providers, HIE and others.
This report studies the global healthcare analytics market
over the forecast period 2015 to 2022. The market is expected to grow at a
double digit CAGR to reach $33,542 million by 2022. Federal healthcare
mandates, rising healthcare costs and pressure to reduce, emergence of big data
and advancements in analytical technologies, digitalization of healthcare,
personalized medicine are some of the factors driving the healthcare analytics
market growth. Factors such as security issues and data breaches, lack of
skilled labor with analytical skills, lack of patient data confidentiality and
transparency, lack of interoperability, functional gap between payers and
providers, increase in governmental regulation, and reimbursement issues are
hampering the market growth.
Geographically the market is segmented into North America,
Europe, Asia Pacific and Rest of the World. North America dominated the
healthcare analytics market with a largest share which is driven by U.S.
centralized healthcare mandates such as the Patient Protection and Affordable
Care Act (PPACA) and meaningful use. These initiatives assist to improve the
acceptance of Electronic Health Records (EHRs) and Healthcare Information
Exchange (HIE), thus improving the usage of analytics to influence the
generated data. The European market is expected to be the second largest
market, growing at a lower rate mainly due to the economic crisis. The Asian
market is fairly new to medical analytics; however, the increasing IT skills,
outsourcing trend and healthcare IT adoption will force this market to emerge
into fast growing market in the future.
The healthcare analytics market is a fragmented market with
key players operating in the field of EHR & EMR platforms, cross-vertical
service providers and healthcare analytical tool/service providers. The major
players in the market are Allscripts Healthcare Solution, Inc. (U.S.), Cerner
Corporation (U.S.), Epic Systems (U.S.), IBM Corporation (U.S.), Information
Builders, Inc. (U.S.), McKesson Corporation (U.S.), MedeAnalytics, Inc. (U.S.),
Oracle Corporation (U.S.), Optum, Inc. (U.S.), and Verisk Analytics (U.S.).
Spanning over 306 pages “Healthcare Analytics
Global Market - Forecast To 2022” report covers Executive Summary,
Introduction, Market Overview, Global Healthcare Analytics Market, By Tool
Type, Global Healthcare Analytics Market, By Application, Global Healthcare
Analytics Market, By Component, Healthcare Analytics Market, By Delivery Mode,
Global Healthcare Analytics Market, By End-User, Regional Market Analysis,
Company Developments, Company Profiles. This report Covered 97 Cpmpanies Few
are - ALLSCRIPTS HEALTHCARE SOLUTIONS, INC., CERNER CORPORATION, EPIC SYSTEMS
CORPORATION, IBM CORPORATION, INFORMATION BUILDERS, INC, MCKESSON CORPORATION,
MEDEANALYTICS, INC, UNITED HEALTH GROUP (OPTUM, INC), ORACLE CORPORATION,
VERISK ANALYTICS, LIST OF COMPANIES MENTIONED IN THE REPORT.
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