Healthcare Analytics Market Supposed to Consume a Double-Digit CAGR of 27.1% During Forecast 2019-2024
Market Highlights:
The
global Healthcare
Analytics Market is expected to exhibit a strong 27.1% CAGR over
the forecast period from 2019 to 2024, according to the latest
research report from Market Research Future (MRFR). The global healthcare
analytics market is profiled in detail in the report, which provides a
comprehensive overview of the market’s past growth trajectory in order to
provide reliable forecasts regarding the market’s progress in the coming years.
Major factors affecting the global healthcare analytics market’s growth, both
positively and negatively, are examined in the report to give readers a
complete picture of the market’s environment and growth prospects.
Healthcare
analytics involves the use of digital solutions to implement data-driven
decision making in the healthcare sector. Data-driven decision making has been
a rage in the healthcare sector over the last few years, as it makes the
physician’s job easier. Data-driven diagnostics are likely to remain in vogue
in the healthcare sector in the coming years, driving the healthcare analytics
market at a steady growth rate.
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Competitive Analysis:
·
Medeanalytics
·
Vitreoshealth
·
SCIO Health Analytics
·
Oracle
·
Optum
·
McKesson
·
Health Catalyst
·
Citiustech
·
Cotiviti
·
Inovalon
·
Wipro
·
IBM
Segmentation:
·
The global healthcare analytics market is
segmented on the basis of type, component, delivery model, application, end
use, and region.
·
By type, the global healthcare analytics
market is segmented into descriptive analytics, predictive analytics,
prescriptive analytics, and cognitive analytics.
·
By component, the global healthcare analytics
market is segmented into software, hardware, and services.
·
By delivery mode, the market is
differentiated into on-premise and on-demand.
·
By application, the global healthcare
analytics market is segmented into financial analytics, clinical analytics, operational
and administrative analytics, and population health analytics. The financial
analytics segment is further sub-segmented into claims processing, revenue
cycle management, payment integrity and fraud, waste, and abuse (FWA), and risk
adjustment and assessment. The clinical analytics segment is segmented into quality
improvement and clinical benchmarking, and clinical decision support systems.
·
By end use, the global healthcare analytics
market is segmented into payers, providers, and others. The payers segment is
further subcategorized into private insurance companies, government agencies,
employers, and private exchanges. The providers segment is further segmented
into hospitals and clinics, post-acute care organizations, and ambulatory
settings.
Regional Analysis:
The
Americas is likely to dominate the global healthcare analytics market over the
forecast period, followed by Europe. The growing incorporation of healthcare IT
tools in the healthcare sector in North America is a major driver for the
healthcare analytics market in the region. The Asia Pacific market for
healthcare analytics is also expected to exhibit smooth growth over the forecast
period.
Industry
Updates:
In
September 2019, Google announced a healthcare analytics partnership with The
Mayo Clinic, aimed at enhancing the delivery of healthcare services.
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