Healthcare Analytics Market Trend to 2024 Profiling IBM, OptumHealth, McKesson Corporation, Allscripts Healthcare Solutions, Cerner Corporation, GE Healthcare, Influence Health, Evolent Health

Market Study Report: The Report entitled Global Healthcare Analytics Market Report explores the essential factors of the Healthcare Analytics market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario. The Global Healthcare Analytics market has been separated by this report based on the key players profiles, Type, Application and Regions.

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.

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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.

The growing need to control healthcare cost and growing adoption across the globe will drive 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 healthcare analytics market size. Promising improvements in healthcare infrastructure, growing disposable income levels and increasing application of these solutions should boost industry growth.

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.

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

Some of the industry players offering unique and advanced products in healthcare analytics market include IBM, OptumHealth, McKesson Corporation, Allscripts Healthcare Solutions, Cerner Corporation and Health Catalyst. Other notable companies such as GE Healthcare, Influence Health, Evolent Health, Inovalon Computer Programs and Systems are in pursuit of gaining healthcare analytics market share.

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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.

Healthcare Analytics Market by Product:
Descriptive analytics, Predictive analytics, Prescriptive analytics

Healthcare Analytics Market by Application:
Operations management, Financial management, Population health management, Clinical management

Healthcare Analytics Market by End User:
Hospital, Clinics, Physicians, Others

The above information is provided for the following regions/countries:
North America, U.S., Canada, Europe, Germany, UK, France Spain, Italy

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Related report:

Global Healthcare Analytics Solutions Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023

Health care analytics is a term used to describe the healthcare analysis activities that can be undertaken as a result of data collected from four areas within healthcare; claims and cost data, pharmaceutical and research and development (R&D) data, clinical data, and patient behavior and sentiment data. Rising venture capital investments, growing government initiatives to raise electronic health record (EHR) adoption and increasing focus on improving patient outcomes are some of the key factors propelling the market growth. However, huge cost of analytics solutions and lack of skilled personnel are some of the factors hampering the market growth. One of the major opportunities in the market is emergence of social media and its impact on the healthcare business.

https://www.marketstudyreport.com/reports/global-healthcare-analytics-solutions-market-2018-by-manufacturers-countries-type-and-application-forecast-to-2023

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