Global Healthcare Analytics Market - Size, Trends, Competitive Analysis, Market Share and Forecasts (2019-2026)
The Global Healthcare Analytics market was valued at USD xx million in 2018 and is forecasted to reach USD xx million by 2025, with a CAGR of xx% during the forecast period 2019-2026.
Benefits of healthcare analytics like reduction in costs of treatment, ability to predict outbreaks of epidemics, ability to avoid preventable diseases and to improve the quality of life, are increasing its market across the globe. Healthcare analytics is the analysis of healthcare activities and data collected from the different area of the healthcare industry. It helps healthcare organizations to coordinate better and improve patient wellness. The main benefit of using healthcare analytics is to help you in decision making, which will increase patient experience and outcomes in a cost-effective manner.
Healthcare analytics has various applications. Explained below is a crucial application of analytics.
Analytics a game changer in clinical analysis
Analytics plays a key role in value-based care by helping in understanding data points to ever-changing trends, including new research findings, emergency situations and outbreaks of a disease. Thus, effective use of analytics in the healthcare industry can improve current care but more importantly can facilitate preventive care. eCare21, Verisk Analytics, MedeAnalytics, McKesson, Truven Health Analytics, Allscripts Healthcare Solutions, Cerner are some of the top global healthcare analytic companies.
Analytics are helpful in addressing most of the challenges faced in clinical analysis like, understanding unstructured clinical notes, handling large volumes of medical imaging data, capturing the patient’s behavioral data which are mandatory in diagnosing and treating the diseases.
Healthcare analytics is also helpful in
cutting down administrative costs
cutting down on fraud and abuse
Better care coordination
Improving patient wellness
meeting the enterprise objectives healthcare centers
All these requirements and advantages are increasing the need for analytics in the healthcare industry.
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. Healthcare Analytics is segmented based on the
By Components such as Software, Hardware, and Services, the Market is further segmented by Application, which includes Clinical Management, Financial Management, Operations Management and Population Health Management. Based on Product the market is categorized by Descriptive, Predictive and Prescriptive. Market segmented By End-User, which includes Clinics, Hospital, and Others.
The report segments the geographies by regions, which include North America, South America, Europe, Asia Pacific and RoW.
The report profiles the following companies, which includes IBM, OptumHealth, Oracle, Verisk Analytics, MEDai’s Health, MedeAnalytics, McKesson, Truven Health Analytics, Allscripts Healthcare Solutions, Cerner.
Why purchase the report
Visualize the composition of the Healthcare Analytics market across each indication, in terms of type and applications, highlighting the key commercial assets and players.
Identify commercial opportunities in Healthcare Analytics by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the Healthcare Analytics market – level 4/5
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the key Healthcare Analytics products of all major market players.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook