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Healthcare Analytics Market Analysis by Industry experts | IBM, OptumHealth Inc., McKesson Corporation, Allscripts Healthcare Solutions Inc., Cerner Corporation, Athenahealth Inc, Inovalon Holdings Inc., Computer Programs and Systems Inc., Change Healthca

10-26-2018 07:14 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Healthcare Analytics Market

Healthcare Analytics Market

Healthcare Analytics Market was over USD 5.5 billion in 2016, with expectations to witness over 12 % CAGR from 2017 to 2024; according to a new research study published by Global Market Insights, Inc.

Rising awareness pertaining to personalized medicines would result in the generation and collection of huge volume of digital genome data driving the healthcare analytics market expansion. Increasing usage of data sharing platforms such as social media platforms, blogs, and professional networks has allowed sharing health related information and obtaining peer opinions. This will increase the data available for healthcare analytics over the forecast years.

Providing individualized solutions through effective usage of electronic health records and analytical software will stimulate the healthcare analytics market demand. Rising social media usage coupled with technological innovation in analytics should further facilitate industry expansion.

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The growing need to control healthcare cost and growing adoption across the globe will drive the healthcare analytics market growth. Healthcare analytics and data analytics would reduce overall healthcare cost by identifying inefficiencies in current delivery methods, reduce the frequency of hospital visits and eliminate the need for unnecessary testing. Rapid adoption in developed regions and growing acceptance of advanced technologies in emerging economies should fuel the market. Promising improvements in healthcare infrastructure, growing disposable income levels and increasing application of these solutions should boost industry growth.

Increasing R&D investments in advanced healthcare analytics should serve as a significant driver in the developed nations. Moreover, favorable government initiatives and emergence of big data analytics in the industry will further augment the market growth in the coming years.

Data safety and integrity concerns, rigid healthcare structure restricting seamless data sharing among healthcare providers and lack of skilled people and organizational procedures for data sharing may hinder industry growth over the forecast years.

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Healthcare predictive analytics market share is projected to exceed USD 5 billion by 2024. Increasing use of predictive analytics in developed countries to design and develop future healthcare solutions should largely contribute to the segment growth of healthcare analytics market.

Population health management improves health outcomes and lowers medical costs through data integration, risk stratification and effective management of patient care. It is widely used as a tool for preventive care and better health management. Population health management should witness a robust 13% CAGR owing to increasing application of healthcare analytics.

Increasing number of clinics worldwide have significantly contributed to expansion of healthcare analytics market. Modernization of clinics has enabled implementation of EHR and increased adoption rate of healthcare analytics solutions among providers.

U.S. healthcare analytics market accounted for more than 90% of regional industry share. Widespread adoption of EHR and other technologies for effective healthcare delivery and increasing funding for development of innovative solutions should stimulate industry growth. Germany held over 25% of Europe healthcare analytics market share owing to growing need to curb rising healthcare cost coupled with spurring adoption of advanced healthcare technologies. Increasing number of hospital setups and growing implementation of EHR should also drive business growth in coming years.

Japan healthcare analytics market is set to witness more than 12% CAGR over forecast years. Increasing application of predictive and prescriptive analytics, improved economic indicators, and growing adoption of advanced technologies should stimulate business growth. Growing geriatric population and increasing need to curtail the associated costs should fuel the industry growth.

Some of the industry players offering unique and advanced products in the market include :-

• International Business Machines Corporation (IBM)
• OptumHealth Inc.
• McKesson Corporation
• Allscripts Healthcare Solutions Inc.
• Cerner Corporation
• Athenahealth Inc
• Inovalon Holdings Inc.
• Computer Programs and Systems Inc.
• Change Healthcare
• Tenet Healthcare Corporation
• GE Healthcare Ltd.
• Evolent Health
• Influence Health Inc
• Health Catalyst

Report Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition and forecast parameters
1.2. Data Sources
1.2.1 Primary
1.2.2 Secondary
Chapter 2. Executive Summary
2.1. Healthcare analytics development industry 3600 synopsis, 2013 – 2024 (USD Million)
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. End user trends
2.1.5. Regional trends
Chapter 3. Healthcare Analytics Development Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2013 – 2024 (USD Million)
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.1.1 Emergence of Big Data in healthcare
3.3.1.2 Emergence of personalized and evidence based medicine
3.3.1.3 Rising investments in venture capital funds
3.3.1.4 Growing need of increasing efficiency in healthcare sector by reducing unnecessary costs
3.3.1.5 Technological advancements
3.3.1.6 Emergence of social media and its impact on healthcare
3.3.2 Industry pitfalls & challenges
3.3.2.1 Lack of skilled IT professionals in healthcare
3.3.2.2 Data integrity and safety issues
3.4 Growth potential analysis, 2016
3.4.1 By Product
3.4.2 By Application
3.4.3 By End user
3.5 Investment landscape
3.5.1 U.S.
3.5.2 Europe
3.6 Technology landscape
3.6.1 North America
3.6.2 Europe
3.6.3 APAC
3.7 Regulatory & reimbursement scenario
3.7.1 U.S.
3.7.2 Europe
3.7.3 Japan
3.8 Industry growth outlook
3.9 Competitive landscape, 2016
3.9.1 Company revenue analysis
3.9.2 Product portfolio analysis
3.9.3 Strategy disboard
3.10 Porter’s analysis
3.11 PESTEL analysis

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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