9.8% CAGR growth by 2023 in Healthcare Predictive Analytics Market| Major Vendor - IBM, CERNER CORPORATION, ORACLE CORPORATION, MEDEANALYTICS INC., OPTUM INC., ALLSCRIPTS HEALTHCARE SOLUTIONS INC., TRUVEN HEALTHANALYTICS INC., amongst others.

Asia-Pacific Expected to Register the Highest CAGR

Currently, North America accounts for the largest share, followed by Europe. Owing to the available polices and economic developments that are expected to contribute to the growth of the market, Asia-Pacific is expected to record the highest CAGR over the forecast period. Additionally, the growth of the Information Technology (IT) industry is boosting the growth of this region.

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Predictive analytics is crucial for the successful implementation of evidence-based or personalized medicine; the growth of the predictive analytics market is expected to be bolstered by the growth of personalized and evidence-based medicine. In addition, the growing need for increasing efficiency in the healthcare sector, increasing demand to curtail healthcare costs by reducing unnecessary costs, and avoiding penalties for failing to control adverse events that are preventable, are expected to supplement the growth of the market studied.

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Market Segments:
Healthcare predictive analytics market is segmented by:
1. Application: Clinical Data Analytics, Financial Data Analytics, Administrative Data Analytics, Research Data Analytics
2. Component: Software, Hardware, Services
3. Deployment: On-premise, Web-based, Cloud-based
4. End User: Private Organization(Hospitals, Physicians, Clinics), Government Organization, Research Institution
5. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• October 2017 - Allscripts acquired McKesson’s Enterprise Information Solutions business.

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