Healthcare Analytics Market Research Report-Global Forecast to 2024

Posted by Shrikant Gadewar on September 25th, 2019

Market Highlights:

The global Healthcare Analytics Market is expected to exhibit a strong 27.1% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global healthcare analytics market is profiled in detail in the report, which provides a comprehensive overview of the market’s past growth trajectory in order to provide reliable forecasts regarding the market’s progress in the coming years. Major factors affecting the global healthcare analytics market’s growth, both positively and negatively, are examined in the report to give readers a complete picture of the market’s environment and growth prospects.

Healthcare analytics involves the use of digital solutions to implement data-driven decision making in the healthcare sector. Data-driven decision making has been a rage in the healthcare sector over the last few years, as it makes the physician’s job easier. Data-driven diagnostics are likely to remain in vogue in the healthcare sector in the coming years, driving the healthcare analytics market at a steady growth rate.

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Competitive Analysis:

•          Medeanalytics
•          Vitreoshealth
•          SCIO Health Analytics
•          Oracle
•          Optum
•          McKesson
•          Health Catalyst
•          Citiustech
•          Cotiviti
•          Inovalon
•          Wipro
•          IBM

Segmentation:

•          The global healthcare analytics market is segmented on the basis of type, component, delivery model, application, end use, and region.
•          By type, the global healthcare analytics market is segmented into descriptive analytics, predictive analytics, prescriptive analytics, and cognitive analytics.
•          By component, the global healthcare analytics market is segmented into software, hardware, and services.
•          By delivery mode, the market is differentiated into on-premise and on-demand.
•          By application, the global healthcare analytics market is segmented into financial analytics, clinical analytics, operational and administrative analytics, and population health analytics. The financial analytics segment is further sub-segmented into claims processing, revenue cycle management, payment integrity and fraud, waste, and abuse (FWA), and risk adjustment and assessment. The clinical analytics segment is segmented into quality improvement and clinical benchmarking, and clinical decision support systems.
•          By end use, the global healthcare analytics market is segmented into payers, providers, and others. The payers segment is further subcategorized into private insurance companies, government agencies, employers, and private exchanges. The providers segment is further segmented into hospitals and clinics, post-acute care organizations, and ambulatory settings.

Regional Analysis:

The Americas is likely to dominate the global healthcare analytics market over the forecast period, followed by Europe. The growing incorporation of healthcare IT tools in the healthcare sector in North America is a major driver for the healthcare analytics market in the region. The Asia Pacific market for healthcare analytics is also expected to exhibit smooth growth over the forecast period.

Industry Updates:

In September 2019, Google announced a healthcare analytics partnership with The Mayo Clinic, aimed at enhancing the delivery of healthcare services.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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