Healthcare Analytics Market Size, Share | Industry Report 2024

Global Healthcare Analytics Market was valued at $7.1 Billion in 2016 and is estimated to grow at a CAGR of over 23% from 2017 to 2024.

The global healthcare analytics technology, which makes widespread usage of data for qualitative as well as quantitative analysis, is presently undergoing an industry transformation. The industry is witnessing a dramatic shift from volume-based medicines & reimbursement to value-based medicines & reimbursement.

The growing emphasis on improving healthcare quality coupled with reduced length-of-stay at infirmaries/hospitals is a major factor driving growth in this market. The industry is also witnessing increased focus on lower costs of healthcare & medicine, and fraud detection, which is also expected to catapult demand significantly over the forecast period.

Big Data and analytics are aiding customers to identify members expected to develop contrary health risk conditions and foreseeing members that can be safely transmitted from unnecessary conducts in favor of lower cost substitutes. Today’s leading providers and payers are refining the quality of care by positioning the customer at the focus with patient-centered approaches.

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Key findings from the study: -

• The flourishing biotechnology and pharmaceutical industry, and rise in the number of contract manufacturing organization is another factor driving market growth.
• Big Data and analytics are aiding customers in identifying members expected to develop contrary health risk conditions and foreseeing members that can be safely transmitted from unnecessary conducts in favor of lower cost substitutes.
• The industry is dominated by the presence of big companies including Cognizant, Truven Health Analytics, Health Catalyst, MedAssets, Inc., McKesson Corporation, Mede Analytics Inc., Optum, and Verisk Health.

Ameri Research has segmented the Healthcare Analytics Market by product type, Market Growth and Technology Outlook.

Market Segmentation:

Global Healthcare Analytics Market Regional Outlook (Revenue, USD Million, 2014-2024)
• North America
o U.S.
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain

• Asia Pacific
o Japan
o China
o India
o Australia

• Latin America
o Brazil
o Mexico
o Columbia

• Middle East and Africa
o South Africa
o Saudi Arabia

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