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SAS, Oracle, Market Shares in Healthcare Predictive Analytics Market| Key Players: Allscripts, McKesson, Verisk, Cerner Corporation, MedeAnalytics
Healthcare Predictive Analytics Market
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• SAS
• Oracle
• Allscripts
• McKesson
• Verisk
• Cerner Corporation
• MedeAnalytics
By application, healthcare predictive analytics market can be segmented into operations management, financial, population health and clinical data. Predictive analytics software plays a key role in operations management wherein it deals with demand forecasting, work planning and inpatient and outpatient scheduling. Financial healthcare predictive analytics market is expected to dominate the market due to its growing acceptance in healthcare revenue cycle management among healthcare providers. Population health management is also likely to grow at a substantial rate over the forecast period.
Based on end-use, healthcare predictive analytics market can be segmented into healthcare payers, healthcare providers and others. Payers segment is likely to dominate the market comprising of insurance companies and health plan sponsors witnessing a lucrative growth from 2016 and 2024. Providers comprises of hospitals and clinics.
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U.S. will drive regional healthcare predictive analytics market share in 2015. Electronic health record and integration of GPS enabled system with healthcare service should bolster regional market growth. Additionally, healthcare predictive analytics reduces operational cost by integrating vast amount of healthcare data across value chains thus containing healthcare spending. Presence of leading service providers such as IBM, SAS and Oracle in this region will stimulate industry growth.
Europe healthcare predictive analytics market held the second largest revenue share in 2015. Growing healthcare expenditure has propelled the demand for healthcare predictive analytics services. Favorable growth opportunities for industry players will stimulate healthcare predictive analytics market share.
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