Predictive Disease Analytics Market Top Players- SAS; Allscripts Healthcare Solutions Inc.; MedeAnalytics, Inc.; Health Catalyst.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Predictive Disease Analytics Market Size, Share & Trends Analysis Report By Component (Hardware, Software & Services), By Deployment (On-premise and Cloud-based), By End-user (Healthcare Providers, Healthcare Payers)- Market Outlook And Industry Analysis 2031"

The Global Predictive Disease Analytics Market is estimated to reach over USD 13.17 billion by 2031, exhibiting a CAGR of 21.13% during the forecast period.

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Predictive analytics, a specialized branch of advanced analytics, leverages techniques such as modeling, data mining, statistical analysis, and artificial intelligence (AI) to generate forecasts and enhance decision-making processes. The integration of predictive analytics with big data and advanced insights facilitates improved operational efficiency within the healthcare sector and supports more precise diagnosis and treatment in the field of personalized medicine. Market growth is primarily driven by the need to enhance healthcare efficiency, the emergence of personalized and evidence-based treatments, and the increasing demand to reduce healthcare costs by minimizing unnecessary expenditures. Additionally, the growing adoption of predictive analytical tools within the healthcare industry is supported by rising government initiatives and increased financial investments, further accelerating market expansion.

List of Prominent Players in the Predictive Disease Analytics Market:
• Oracle
• IBM
• SAS
• Allscripts Healthcare Solutions Inc.
• MedeAnalytics, Inc.
• Health Catalyst
• Apixio Inc.

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Market Dynamics
Drivers:
The healthcare sector is increasingly challenged by rising treatment costs, inadequate patient care, and low patient engagement and retention rates. Consequently, the industry is adopting predictive disease analytics to enhance operational efficiency and deliver improved patient care, which is driving market growth. For example, in November 2022, Hartford HealthCare and Google Cloud announced a long-term partnership to advance the digital transformation of their healthcare system, enhancing data analytics capabilities and improving patient care. Moreover, the COVID-19 pandemic has accelerated market expansion by increasing demand for digital solutions and advanced analytical tools for monitoring and managing patient populations.

Challenges:
The limited adoption of digital health solutions is primarily due to concerns over patient data privacy and the increasing occurrence of data breaches. Healthcare institutions maintain detailed patient records containing sensitive information such as names, addresses, social security numbers, birth dates, and payment details, making them attractive targets for cyberattacks. Patients are often reluctant to share their medical records with online services and software platforms. The growing frequency of healthcare data breaches is expected to hinder the adoption of digital health solutions, including predictive disease analytics, in the near future.

Regional Trends:
North America is anticipated to hold a significant share of the predictive disease analytics market in terms of revenue and is projected to experience strong growth in the coming years. The presence of advanced healthcare facilities in the region is accelerating the adoption of analytics platforms. Rising chronic disease burdens and an increasing elderly population are driving demand for analytics tools in hospitals and other healthcare settings. The presence of key industry players also contributes to the region's substantial market share. Additionally, the Asia Pacific region holds a notable market position, supported by favorable government initiatives and increased healthcare spending. Market growth in the region is driven by a growing elderly population and a rising prevalence of chronic diseases, creating new business opportunities.

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Recent Developments:
• In January 2023, SwitchPoint Ventures and Ardent Health Service collaborated to open an innovation studio. The studio's main priorities will be creating and implementing data-driven solutions. Polaris, SwitchPoint's ground-breaking technology for precisely forecasting patient volume in any healthcare context, has also been adopted by Ardent.

Segmentation of Predictive Disease Analytics Market-
By Component
• Software & Services
• Hardware
By Deployment
• On-premise
• Cloud-based
By End User
• Healthcare Payers
• Healthcare Providers
• Other End Users
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.