Healthcare Predictive Analytics Market Share Value, Trends Analysis, Growth Insights and Global Industry Dynamics By 2023

The Global Healthcare Predictive Analytics Market is expected to exhibit a strong 29.3% CAGR over the forecast period (2018 to 2023), according to the latest research report from Market Research Future (MRFR). The latest research report from MRFR profiles the global healthcare predictive analytics market to provide a comprehensive overview of the reasons why the market is progressing at such as robust rate over the coming years. Key drivers and restraints of the global healthcare predictive analytics market are profiled in the report to give readers a comprehensive overview of the major factors enabling market growth. The leading players operating in the healthcare predictive analytics market and their major competitive strategies are also analyzed in the report.

Developing economies across the world are facing issues owing to the increasing medication cost. Governments are thus taking efforts to offer cost-effective services to the consumers at better quality. These efforts are likely to stimulate the predictive analytics market in the healthcare industry. The soaring demand for personalization for patient care, advancing technology, and rising awareness created by the top players are considered to encourage the market growth to a large extent.

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Healthcare Predictive Analytics Market Segmentation:

The global healthcare predictive analytics market report is segmented on the basis of application, end use, and component.

By application, the global healthcare predictive analytics market is segmented into operations management, financial, population health management, and clinical. The operations management segment is further sub-segmented into demand forecasting, workforce planning and scheduling, inpatient scheduling, and outpatient scheduling. The financial segment is further classified as revenue cycle management, fraud detection, and others. The population health segment is further sub-segmented as population risk management, patient engagement, population therapy management, and other applications. The clinical segment includes quality benchmarking, patient care enhancement, and clinical outcome analysis and management.

By end use, the global healthcare predictive analytics market is segmented into payers, providers, and others.

By component, the global healthcare predictive analytics market is segmented into services, software, and hardware.

Healthcare Predictive Analytics Market Competitive Dashboard

The top players operating in the healthcare predictive analytics market include Cerner Corporation, McKesson Corporation, IBM, Cerner Corporation, Oracle, SAS, Optum, Inc., Allscripts, MedeAnalytics, Inc., Health Catalyst, Inovalon, SCIO Health Analytics, CitiusTech, Inc., Verscend Technologies, Inc, Wipro Limited, CitiusTech, Inc., and VitreosHealth.

Healthcare Predictive Analytics Market Regional Frontiers

Geographically, the healthcare predictive analytics market spans across Europe, Asia Pacific, America, and the Middle East & Africa.

Considering the global scenario, America is considered to dominate the global market, mainly due to the growth of the market in the North American region. The growth can be credited to the streamlined healthcare systems, high availability of trained workforce, and updated regulatory policies in the region.

Europe bags the second position in the market due to the presence of well-developed healthcare infrastructure in the region. Rising expenditure on healthcare has further triggered the demand for healthcare predictive analytics services. Moreover, favorable growth opportunities for the industry players will augment the market's share.

The Asia Pacific is likely to expand at the fastest rate due to advancing technologies, which has resulted in the development of cost-effective healthcare predictive analytics, thereby resulting in a high acceptance rate for the devices. India and China are considered two vibrant regions and is predicted to lead the regional industry in the next few years.

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