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Healthcare Analytics Market 2018 Global Leaders Analysis: Key Players are IBM, GE Healthcare, Allscripts, McKesson, Optum, Cerner Corporation, athenahealth

07-25-2018 12:07 PM CET | Health & Medicine

Press release from: fractovia.org

Healthcare Analytics

Healthcare Analytics

Healthcare analytics market is witnessing a phenomenon of sorts, with the increasing number of remote consultations and monitoring practices across the globe. The surging adoption of smart phones and tablets will favorably attribute the product demand across myriad medical application arenas such as financial, clinical, and operations management. Growing emergence of electronic devices in the medical sector to maintain electronic records of patients will stimulate healthcare analytics industry. Additionally, the penetration of IoT and the emerging software based technological developments will contribute significantly toward the industry growth.

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U.S. dominated the North America healthcare analytics market in 2016 by contributing to more than 90% of the total regional revenue share. The growth can be attributed to the growing acceptance of electronic based health record systems across healthcare sector. Moreover, adoption of advanced technology and the existence of a high-grade healthcare infrastructure will also stimulate the product demand. The U.S. houses most of key industry players contributing to global business growth, which is a crucial factor impacting regional healthcare analytics market share.

Hospitals dominated the end use segment of healthcare analytics market by accounting about 70% total revenue share in 2016 and will generate considerable revenue by 2024, growing at an annual growth rate of more than 12% over the period of 2017 to 2024. The implementation of analytics software in hospitals will help to reduce fraud and errors in payments, provide efficient patient-physician coordination and minimize the total administrative cost.

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Healthcare analytics market share from clinics will surpass a revenue collection of USD 2 billion by 2024 with a CAGR of more than 13% over the coming seven years. Growing adoption of primary care analytics will help to reduce the total expenditure on the healthcare data and enhance the healthcare services, which will suitably augment the industry growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. IBM
2. OptumHealth Inc.
3. McKesson Corporation
4. Allscripts Healthcare Solutions Inc
5. Cerner Corporation
6. Athenahealth Inc
7. Inovalon Holdings Inc.
8. Computer Programs and Systems Inc.
9. Change Healthcare
10. Tenet Healthcare Corporation
11. GE Healthcare Ltd.
12. Evolent Health
13. Influence Health Inc
14. Health Catalyst

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