Healthcare Analytics Market is Projected to Touch worth USD 71.80 Billion By 2026

Global Healthcare Analytics Market Analysis

According to Verified Market Research, the Global Healthcare Analytics Market was valued at USD 10.41 Billion in 2018 and is projected to grow at a CAGR of 27.17% to reach USD 71.80 Billion by 2026, over the forecast period.

What is Healthcare Analytics?

Healthcare analytics can be defined as a branch of analysis that emphases on contributing perceptions and comprehensions into hospital management, patient records, costs, diagnoses, and more. The field refuges a broad ribbon of the healthcare industry, offering insights on both the macro and micro level. With growing scope of big data analytics, the market growth rate for healthcare analytics will also increase over the forecast period.

Global Healthcare Analytics Market Outlook

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

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Increasing venture capital investments and rising investments made in the healthcare industry is expected to boost the market for healthcare analytics. However, high initial cost of investment could affect the market growth rate for Healthcare Analytics.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Healthcare Analytics Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.

Global Healthcare Analytics Market Competitive Landscape

The “Healthcare Analytics Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as IBM Corporation, SAS Institute, Inc., Allscripts Health Solutions, McKesson Corporation, MedeAnalytics, Inc., Oracle Corporation, Health Catalyst, SCIO Health Analytics, Verscend Technologies, Inc., CitiusTech, Inc., Wipro Limited, and VitreosHealth. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.

Global Healthcare Analytics Market Segmentation, by Component
On the basis of Component, Healthcare Analytics Market is segmented into:
• Services
• Software
• Hardware

Global Healthcare Analytics Market Segmentation, by Type
On the basis of Type, Healthcare Analytics is segmented into
• Descriptive Analytics
• Predictive Analytics
• Prescriptive Analytics
• Cognitive Analytics

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Global Healthcare Analytics Market Segmentation, by Application
On the basis of Application, Healthcare Analytics is segmented into
• Financial Analytics
• Clinical Analytics
• Operational & Administrative Analytics
• Population Health Analytics

Global Healthcare Analytics Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World

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