Healthcare Payer Analytics Market Is Expected To Reach USD 190.5 Billion By 2031 - Impact Analysis of COVID-19

According to a new market research report published by sheer analytics and insights, “ The United States, China, India, and Europe Healthcare Payer Analytics Market was valued at $39.20 Billion in 2020. Growing at a high CAGR of more than 13.39% between 2021 and 2031, it is estimated to reach $190.5 Billion by 2031, as per the latest market research report titled the United States, China, India, and Europe Healthcare Payer Analytics Market - Industry analysis, size, share, growth, trends, and forecast, 2021-2031.

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Healthcare payer data analytics helps payers define the areas of improvement in patient care and implement innovative strategies for engaging high-risk patients. However, advanced data visualization systems help healthcare administrators in intelligent business decision-making that significantly impact the organization’s revenue and performance. Healthcare analytics further allows payers to combat notable challenges that include increasing customer base, incorporating new health plans, surviving in a competitive space, and reducing organizational costs. Additionally, it also contributes to improving efficiency and increasing revenue. The quality improvement and clinical benchmarking, regulatory reporting and compliance, and clinical decision support are expected to impel the forecast period's market growth.

However, the current pandemic of the COVID-19 makes some changes in the growth of the United States, China, India, and Europe's Healthcare Payer Analytics market. It changes the growth rate graph slightly in the United States, China, India, and Europe Healthcare Payer Analytics market. But it has been expected that after the pandemic situation, the United States, China, India, and Europe Healthcare Payer Analytics market will reach a high position in the graph. Apart from that, the Healthcare Payer Analytics sector's rising across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.

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Geographically, The United States, China, India, and Europe Healthcare Payer Analytics Market is divided country wise, which includes the United States, China, India, and Europe

List of Companies Covered:

CitiusTech, Inc.

Oracle

Cerner Corporation

SAS Institute, Inc.

Allscripts Healthcare, LLC

McKesson Corporation

MedeAnalytics, Inc.

HMS

IBM

Optum, Inc.

Among Others
The United States, China, India, and Europe Healthcare Payer Analytics Market Has Been Segmented into:

By Analytics type

Descriptive Analytics
Predictive Analytics
Prescriptive Analytics

By Component

Software
Hardware
Services
United States, China, India, and Europe Healthcare Payer Analytics Market: By Delivery Model

On-Premises
Web Hosted
Cloud-Based

By Application

Clinical
Financial
Operational and Administrative
United States, China, India, and Europe Healthcare

By Region

United States, China, India, and Europe

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Sheer Analytics and Insights as firm is created to balance between client requirements without compromising the core values of Market research in –terms of quality, factual correctness, market awareness and analysis. SAI goes back to the root of Market Research in terms of TAM (Total Available Market) and PAM (Potential Available Market) and assess the same quantifying all Push and Pull factors.

This release was published on openPR.