openPR Logo
Press release

Predictive Analytics in Healthcare Market Revenue Analysis From 2016 To 2023 To Enable The Stakeholders To Capitalize On The Prevailing Market Opportunities

02-12-2019 07:00 PM CET | Health & Medicine

Press release from: Allied Market Research

Predictive Analytics in Healthcare Market

Predictive Analytics in Healthcare Market

The global predictive analytics in healthcare market was valued at $1.80 billion in 2017 and is estimated to reach $8.46 billion by 2025, registering a CAGR of 21.2% from 2018 to 2025.

Reducing unnecessary costs to curtail healthcare expenditure, increasing efficiency in the healthcare sector, and increasing use of personalized and evidence-based medicine drive the growth of the market. However, lack of robust infrastructure for effective functionality and dearth of skilled IT professionals in healthcare hamper the market growth. On the other hand, rise in importance of healthcare in the emerging economies is expected to create new opportunities for the market players.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/5078

Financial data analytics segment to maintain lion's share by 2025

Among applications, the financial data analytics segment generated more than one-third of the total market share in 2017 and would maintain its lead through 2025, owing to the growing acceptance of predictive analytics for the fraud detection & prevention as well as management of revenue cycles among healthcare providers and payers. However, the population health segment is expected to register the fastest CAGR of 22.1% from 2018 to 2025, owing to the increasing use of predictive analytics to evaluate disease treatment patterns as well as reduce readmission rates. The report also analyzes operations management and clinical segments.

Software segment to register fastest growth through 2025

Among components, the services segment contributed 47% of the total market share in 2017 and is expected to maintain its lead throughout the study period. This is because most of the end users such as hospitals and insurance companies prefer using predictive analytics tools and solutions in collaboration with analytical companies. However, the software segment would grow at the fastest CAGR of 21.8% from 2018 to 2025, as several companies are inclined toward predictive software tools to develop personalized models. The hardware segment is expected to grow at a steady rate during the forecast period.

Healthcare payer segment to contribute largest share by 2025

Among end users, the healthcare payer segment generated 46% share of the total revenue in 2017 and would maintain its dominance during the forecast period. This is because this segment mainly includes insurance companies and health plan sponsors where predictive analytics is used to evaluate insurance claims, prevent & detect fraudulent claims, and assess disease risk. The healthcare providers segment would grow at the highest CAGR of 21.7% from 2018 to 2025 due to increase in healthcare costs and reduce readmission rate. The report also analyzes other end users of the market.

Asia-Pacific to register the fastest growth, North America to remain dominant

Growing awareness about the importance of predictive analytics in the developing regions and increasing number of R&D activities for the development of predictive analytics tools would enable the Asia-Pacific predictive analytics in healthcare market to grow at the fastest CAGR of 25.6% from 2018 to 2025. On the other hand, North America contributed nearly half of the total market share in 2017 and would maintain its lion's share through 2025, owing to the highest adoption rate of predictive analytics software and solutions in the healthcare industry coupled with the well-established healthcare infrastructure in the region.

Frontrunners of the industry

The leading market players analyzed in the report include Allscripts Healthcare Solutions Inc., Cerner Corporation, IBM Corporation, Information Builders Inc., MedeAnalytics, Inc., Optum Inc., Oracle Corporation, SAS Institute, Inc., Microsoft Corporation, and Verisk Analytics. Various strategies such as expansions, joint ventures, mergers & acquisitions, collaborations, partnerships, and others have been implemented by these players to gain a stronghold in the industry.

Table Of Content

Chapter: 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY
2.1. CXO perspective

Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porters five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in demand to curtail healthcare expenditure
3.4.1.2. Increasing efficiency in the healthcare sector
3.4.1.3. Emergence of precision and evidence-based medicine
3.4.2. Restraints
3.4.2.1. Lack of robust infrastructure for effective functionality
3.4.2.2. Limited acceptance from healthcare professionals
3.4.3. Opportunity
3.4.3.1. Growing importance of healthcare in emerging economies

Access Full Summery @ https://www.alliedmarketresearch.com/press-release/predictive-analytics-in-healthcare-market.html

About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Predictive Analytics in Healthcare Market Revenue Analysis From 2016 To 2023 To Enable The Stakeholders To Capitalize On The Prevailing Market Opportunities here

News-ID: 1582151 • Views: 182

More Releases from Allied Market Research

Internet of Things in Healthcare Market Like to Cross $332 Billion by 2027
The global internet of things in healthcare market was valued at $113.751 billion in 2019 and is expected to reach $332.672 billion by 2027, registering a CAGR of 13.20% from 2020 to 2027. The internet of things (IoT) is described as a network of physical devices that uses connectivity to enable the exchange of data. The internet of things in healthcare market is gaining popularity in the recent years owing
Breast Imaging Technologies Market Is Expected to Reach $4,502 Million by 2022
Breast Imaging Technologies Market Report, published by Allied Market Research, forecasts that the global breast imaging technologies market is expected to garner $4,502 million by 2022, registering a CAGR of 8.4% during the period 2016-2022.North America and Europe together accounted for over three-fourths market share in 2015. Ionizing breast imaging technology is expected to maintain its lead throughout the forecast period. The market is expected to be driven by the rise
Breast Pumps Market to Hit $829 Million by 2022
Breast Pumps Market report, published by Allied Market Research, forecasts that the global market is Projected to reach $829 million by 2022 from $540 million in 2015, growing at a CAGR of 6.6% during 2016-2022. In terms of value, the battery powered breast pumps segment accounted for over two-thirds share globally, in 2015 and is expected to maintain its dominance during the forecast period. In terms of volume, manual breast
LTE and 5G Broadcast Market: Rise in Demand for Seamless Mobile Data Services is …
Allied Market Research Published Latest Report titled, “LTE and 5G Broadcast Market, by Technology (LTE Broadcast, and 5G Broadcast) and End-Use (Video on Demand, Mobile TV, Connected Cars, Emergency Alerts, Stadiums, E-Newspapers and E- Magazines, Radio, Data Feed & Notifications, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.” This market research study determines the increase in changes and the aspects which are likely to have an impact on the growth

All 5 Releases


More Releases for Analytics

Healthcare Predictive Analytics Market
The mounting concern for optimizing healthcare costs among myriad healthcare providers and payers is a key factor boosting the demand for predictive analytics in the healthcare sector. The ever-growing need for boosting patient outcomes and improving the quality of care is a seminal trend boosting the evolution of healthcare productive analytics. In recent years, there is a surging interest among payer organizations and several healthcare institutions in using predictive tools
Healthcare Analytics Market
Healthcare Analytics Market – Global Industry Analysis and Forecast (2017-2026) _ by Type, Component, Delivery Mode, Application, End-user and by Geography Healthcare Analytics Market is expected to reach USD 42.4 Billion by 2024 from USD 7.1 Billion in 2016 at a CAGR of 29.1%. This is a comprehensive global report focused on the current and future prospects of the Healthcare Analytics Market. This report is a consolidation of primary and secondary
Operational Analytics Market Growth Analytics 2025
Global Operational Analytics Market: Snapshot The global operational analytics market is prognosticated to showcase a high potential for growth in the forthcoming years on the back of decisive factors such as the dominating advent of Internet of things (IoT)-enabled devices. The growth of the global operational analytics market could be on account of the rise in demand for cloud-based arrangements. Trouble-free maintenance and optimal cost could be some of the critical
Predictive Analytics Market Share
According to a new report, “Predictive Analytics Market (2017 – 2023)”, published by KBV research, the Global Predictive Analytics Market size is expected to reach $13.8 billion by 2023, rising at a market growth of 21% CAGR during the forecast period. The North America market holds the largest market share in Global Risk Analytics Solution Market by Region in 2016, and would continue to be a dominant market till 2023; growing
Business Analytics Software Market:
Business analytics software helps in interpretation and analysis of business data through continuous exploration and investigation of historical business performance to gain decisive insights for business planning. Through the application of statistical methods and tools in business performance data, a business analytics software conducts predictive analysis to derive decision making insights and inputs. A business analytics software thus helps an organization optimize its business operations and facilitates informed and strategic
Global Analytics Service Market by Type: Predictive analytics, Prescriptive anal …
Learning Objective • To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Analytics as a service Market. • To provide insights about factors affecting the market growth. • To Analyze the Analytics as a service Market based on various factors- porters five force analysis, mega trend analysis, macroeconomic indicators etc. • To provide historical and forecast revenue of the