Healthcare/medical Analytics Market Global Insights, Recent Developments and Growth Forecasts 2025

This Global Healthcare/medical Analytics Market study offers a comprehensive, 360 degree analysis on the Healthcare/medical Analytics market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Healthcare/medical Analytics market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Healthcare/medical Analytics Market is expected to reach $51.0 billion by 2024 from $14.9 billion in 2019, at a CAGR of 29.0% by 2024.

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.
Increasing need to reduce healthcare expenditure, including cost associated with medical product flaws and hospital workflow inefficiencies, is anticipated to increase the usage of big data in the healthcare sector.

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Global Major Players in Healthcare/medical Analytics Market are:
IBM, OptumHealth, Oracle, Verisk Analytics, Elsevier, MedeAnalytics, McKesson, Truven Health, Allscripts, Cerner, SAS, and Other.

Most important types of Healthcare/medical Analytics covered in this report are:
Prescriptive
Descriptive
Predictive.

Prescriptive analytics segment is anticipated to witness lucrative CAGR between 2019 and 2025 owing to its ability to predict possible outcomes and its implications on crucial business metrics. It is comparatively complex with few players optimising it to achieve the best outcomes by identifying data uncertainties. Based on end users, payers category is estimated to hold the largest share in the market in 2018.

Most widely used downstream fields of Healthcare/medical Analytics market covered in this report are:
Clinical
Financial
Operational and Administrative.

Geographically, the global Healthcare/medical Analytics market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2020 to 2026.

- North America (U.S., Canada, Mexico, etc.)
- Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)
- Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)
- South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)

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Recent Developments
- In August 2018, Verscend Technology (US) acquired Cotiviti Holdings, Inc. (US), a leading provider of payment accuracy and analytics-driven solutions focused primarily on the healthcare industry.

- In March 2018, Verscend Technology (US) acquired General Dynamics (US) to add the latter's solutions for tracking healthcare fraud, waste, and abuse (FWA) to its portfolio. This acquisition also enabled Verscend to strengthen its payer quality analytics and reporting solutions.

- In July 2018, Health Catalyst (US) acquired Medicity, a PHM company offering solutions for HIEs, business intelligence, and provider and patient engagement.

Significant Features that are under Offering and Key Highlights of the Reports:
- Detailed overview of Healthcare/medical Analytics Market

- Changing Healthcare/medical Analytics market dynamics of the industry

- In-depth market segmentation by Type, Application, etc.

- Historical, current and projected market size in terms of volume and value

- Recent industry trends and developments

- Competitive landscape of Healthcare/medical Analytics Market

- Strategies of key players and product offerings

- Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2015 to 2019 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

The study comprises a mix of data pertaining to the key restraints, drivers, competitive landscape, regulatory forces, key strategies implemented by the key players, and opportunities, expected to have a profound impact on the scope of growth of the market. A detailed analysis of these factors allows the report to present a reliable forecast regarding the future growth dynamics of the Healthcare/medical Analytics market.

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