Healthcare Analytics Market Focuses On Top Companies CitiusTech, VitreosHealth, SCIO Health Analytics®, Inovalon, Wipro Limited, Verscend, TIBCO Software, Inc., Tableau Software, SAP, NextHealth Technologies, UnitedHealthcare Group, IBM, Oracle, SAS, 3M,
Healthcare analytics is also known as clinical data analytics which is the branch of analysis that offers insights into patient records, hospital management, diagnosis and more providing insights on macro and micro levels. Healthcare analytics helps in providing real-time data that can help in deciding the course of future treatment of the patient.Global Healthcare Analytics Market is projected to register a healthy CAGR of 15.4% in the forecast period of 2019 to 2026.
Global Healthcare Analytics Market, By Type (Prescriptive Analytics, Predictive Analytics, Descriptive Analytics), Component (Services, Software, Hardware), Delivery Model (On-Demand, On-Premise), Application (Clinical Analytics, Population Health Analytics, Operational and Administrative Analytics, Financial Analytics), End User (Healthcare Payers, Healthcare Providers and ACOS, HIES, MCOS, AND TPAS) Industry Trends and Forecast to 2026), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)– Industry Trends and Forecast to 2026
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Analytics can be used in multiple ways in today’s healthcare setting, like:
• Operations management
• Clinical variability (cost/quality/outcomes) assessment
• Patient segmentation
• Risk management
• Population health
• Patient monitoring
Key Developments in the Market:
• In 2018,EXL(U.S.) acquired SCIO Health Analytics(U.S.).This acquisition would strengthen EXL’s capability in the high growth cost optimisation and care optimisation markets.
• In 2017, Internet Brands(U.S.) acquired WebMD(U.S.) for exploring and evaluating potential strategic alternatives.
Competitors/Players: Global Healthcare Analytics Market
• IBM Corporation,
• Oracle Corporation,
• SAS,
• Cerner Corporation,
• Allscripts Healthcare Solutions, Inc.,
• Optum Health, Inc.,
• Verisk Analytics, Inc.,
• Truven Health Analytics,
• McKesson Corporation,
• MedAssets, Inc.,
• Mede Analytics, Inc,
• Cognizant,
• Health Catalyst,
• 3M Company,
• Philips Healthcare,
• Information Builders Inc.,
• HealthKart,
• CitusTech,
• VitreosHealth,
• SCIO Health,
• Inovalon,
• Wipro,
• Verscend,
• TIBCO Software, Inc.,
• Tableau Software, Inc.,
• SAP SE,
• NextHealth Technologies,
• UnitedHealthcare Group
• among other.
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Competitive Analysis: Global Healthcare Analytics Market
The global healthcare analytics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global continuous glucose monitoring market for global, Europe, North America, Asia Pacific and South America.
For Instance, in 2017, Teladoc(U.S.) acquired Best Doctors(U.S.).This acquisition was beneficial for teladoc out of the field of its current repertoire of offering primary care, common dermatology conditions and behavioral health (which it mainly does through episodic care) and into a wider spectrum of medical conditions, including those that are critical and often expensive.
Table Of Content:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Healthcare Analytics Market Landscape
• Market ecosystem
• Market characteristics
• Market segmentation analysis
Part 04: Global Healthcare Analytics Market Sizing
• Market definition
• Market sizing
• Market size and forecast
Part 05: Five Forces Analysis
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition
Part 06: Global Healthcare Analytics Market Segmentation By Product
• Market segmentation by product
• Market segmentation By Applications
• Market segmentation By End Users
• Comparison by product
• Others - Market size and forecast
• Market opportunity by product
Part 07: Customer Landscape
Part 08: Geographic Landscape
• Geographic segmentation
• Geographic comparison
• Americas - Market size and forecast
• EMEA - Market size and forecast
• APAC - Market size and forecast
• Key leading countries
• Market opportunity
Part 09: Decision Framework
Part 10: Drivers And Challenges
• Market drivers
• Market challenges
Part 11: Market Trends
Part 12: Vendor Landscape
• Overview
• Landscape Disruption
Part 13: Vendor Analysis
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Segmentation: Global Healthcare Analytics Market
The global healthcare analytics control market is segmented based on
• type,
• component,
• delivery mode,
• application,
• end user and
• region
Based on type, the market is sub segmented into
• prescriptive,
• descriptive,
• predictive
Based on component, the market is segmented into
• software,
• hardware,
• services
Based on geography, the market report covers data points for 28 countries across multiple geographies namely
• North America
• South America,
• Europe,
• Asia-Pacific
• Middle East & Africa
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Primary Respondents
• Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
• Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others
Drivers and Restraints:
• Healthcare cost reduction
• Patient outcomes improvement
• Revenue growth
• Rising patient data in healthcare systems
• Improving healthcare decisions
• Improving the relation between caregivers and care providers, including insurance providers.
• Rising popularity of big data analytics in transforming healthcare in developing and developed economies
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