Healthcare analytics is an evidence-based approach for data collection from mult

Posted by rohan on June 27th, 2019

Market Overview:

Healthcare analytics market is estimated at .93 Billion in 2018 and is poised to reach .7 Billion by 2023 at a CAGR of 25.41%.Healthcare analytics is an evidence-based approach for data collection from multiple sources and its analysis which designate certain trends and patterns for effective and improvised healthcare interventions. This has also been helpful in solving many challenges in the healthcare industry.

Market Drivers and Restraints:

Integrated healthcare mandates across the globe, the emergence of big data, increasing adoption of IT in the sector, emerging fields of predictive, prescriptive analytics, the digitization of world commerce, and capital investments are powering the market growth of this sector. Security issues, issues with confidentiality of the information, technological and cultural barriers at the data source point, and healthcare death of skilled workforce may restrain the growth of this industry across the world. Furthermore, associated hurdles in creating global analytics network due to fragmented international political and economic relations may also act as a major threat towards the market growth.

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Report segmented as

By Type:

  • Predictive Analytics
  • Descriptive/Retrospective Analytics
  • Prescriptive Analytics

By Application:

  • Financial Analytics
  • Clinical Analytics
  • Operational & Administrative Analytics

By Disease Indications:

  • public Health Systems
  • Healthcare Providers
  • Private Healthcare Providers
  • Monitoring Agencies
  • Health Insurance Companies
  • Clinical And Medical Research Bodies
  • Technology Vendors

Geographical Analysis:

On the basis of geography, the market is analyzed under various regions namely North America, Europe, Latin America, Asia-Pacific, and Middle-East & Africa.North America accounts for 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 reassuring Healthcare IT acceptance in this region.

Important Market Players:

The healthcare analytics market is highly competitive, with several big as well as emerging market players present in the market which includeSAS Institute, Inc.,Optum, Inc.,IBM Corporation,Truven Health Analytics Inc.,Cerner Corporation,Verisk Analytics, Inc.,McKesson Corporation,Allscripts Health Solutions,Oracle Corporation,MedeAnalytics,Inovalon, Inc.Health Catalyst.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

For more information:

Abhishek Shukla

Sales Manager at Market Data Forecast


Tel: +1-888-702-9626


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Joined: September 20th, 2017
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