The report analyzes the leading players of the global Healthcare Analytics market by inspecting their market share, recent developments, new product launches, partnerships, mergers, or acquisitions, and their target markets.
Vancouver, BC -- (SBWIRE) -- 01/15/2021 -- Market Size – USD 13.86 Billion in 2019, Market Growth – at a CAGR of 27.9%, Market Trend – Rise in the Big Data analytics integration with mHealth applications
Healthcare analytics use data extensively for qualitative and quantitative analysis. The healthcare industry is now focusing on improved quality of healthcare services, reduced hospital stays, cost-efficient and affordable medicines and healthcare services and favorable reimbursement policies. The advent of big data in healthcare is boosting the expansion of the healthcare analytics market. According to Emergen Research, the global Health Analytics Market is predicted to garner a market valuation of USD 90.94 billion by 2027, at a CAGR of 27.9% throughout the projected timespan.
Key market participants include Health Catalyst Inc., MedeAnalytics, Inc., Athenahealth Inc., Tenet Healthcare Corporation, Evolent Health, Oracle Corporation, Verisk Analytics, Inc., Epic Systems Corporation, TIBCO Software Inc., and SAP SE
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Market Drivers
The rising need to improve the healthcare sector's efficiency by decreasing the unnecessary healthcare expenditure is the predominant factor driving the market growth. The inception of big data in healthcare and the increasing advancements in technology is further adding to the industry growth. The rising use of analytics to improve patient satisfaction, for sales and marketing purposes and the growing financial support from government is further contributing to the industry's expansion. Additionally, the escalating implementation of electronic health records (EHRs) in the healthcare facilities is expected to add traction to the market demand.
Regional Analysis
North America is foreseen to lead the market throughout the projected timeframe owing to the rising adoption of EHRs, increasing valuation reimbursement, the increasing number of government regulations to minimize medical expenses, and increasing focus on personalized medicine. Asia Pacific market is foreseen to expand at a substantial CAGR owing to accelerating advancement in healthcare and IT, increasing data acquisition, and increasing investment to encourage the adoption of innovative analytics solutions.
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Component Outlook (Revenue, USD Billion; 2017–2027)
1. Software
2. Hardware
3. Services
Deployment Outlook (Revenue, USD Billion; 2017–2027)
1. Cloud-based
2. On-premises
Solution Outlook (Revenue, USD Billion; 2017–2027)
1. Predictive Analytics
2. Descriptive Analytics
3. Prescriptive Analytics
Application Outlook (Revenue, USD Billion; 2017–2027)
1. Clinical Analysis
2. Financial Analysis
3. Administrative & Operational Analysis
End-use Outlook (Revenue, USD Billion; 2017–2027)
1. Healthcare Provider
2. Healthcare Payer
The research report provides an in-depth evaluation of the Global Healthcare Analytics Market and helps the market participants intensify their footprints in the industry. The report gives a detailed analysis concentrated on the critical market dynamics such as drivers, restraints, trends, and growth opportunities to assist businesses to prepare for any challenges they might encounter in the forecast period. It also offers a regional analysis of the global Healthcare Analytics market to explore possible growth prospects available in different parts of the world.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Healthcare Analytics Market Segmentation & Impact Analysis
4.1. Healthcare Analytics Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. The increasing demand for improving efficiency in the healthcare industry by decreasing unwanted expenses
4.2.2.2. The growing introduction of big data in the healthcare industry
4.2.2.3. The rising acceptance of analytics for marketing and sales purposes in the healthcare industry
4.2.2.4. The rising beneficial governmental initiatives
4.2.3. Market restraints analysis
4.2.3.1. Problems of data integrity and privacy
4.2.3.2. Application cost and complexities
4.2.3.3. Lack of IT experts in the healthcare sector
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Healthcare Analytics Market By Component Insights & Trends Revenue (USD Billion)
5.1. Component Dynamics & Market Share, 2019 & 2027
5.1.1. Software
5.1.2. Hardware
5.1.3. Services
Chapter 6. Healthcare Analytics Market By Deployment Insights & Trends Revenue (USD Billion)
6.1. Deployment Dynamics & Market Share, 2019 & 2027
6.1.1. Cloud-based
6.1.2. On-premises
Continue…
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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