Healthcare Predictive Analytics Market Analysis, Demand Overview, Future Trends and Industry Forecast to 2023

Market Highlights
It is estimated that the global Healthcare Predictive Analytics Market is expected to register a CAGR ~29.3% during the forecast period of 2018–2023.
Healthcare predictive analytics industry will witness a strong growth with amount of healthcare data exceeding 187 thousand petabytes in 2015. The remarkable increase in healthcare database volume, along with the healthcare providers are investing heavily on digital technology to manage crucial information is anticipated to fuel the growth of the market. On the other hand, factors such as political instability, economic stress, and lack of proactive government-led initiatives question the availability and accessibility of adequate funding are expected to hamper the growth of the market.
The global healthcare predictive analytics market is conquered by several players. The key players are involved in new product launches, as well as strategic collaborations in order to brace their position in the market.
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Key players
·         IBM Corporation
·         Optum
·         Cerner Corporation
·         SAS Institute
·         Allscripts Health Solutions
·         McKesson Corporation
·         MedeAnalytics
·         Inovalon
·         Oracle Corporation
·         Health Catalyst
·         SCIO Health Analytics
Segmentation
·         The global healthcare predictive analytics market is segmented based on component, application, and end user.
·         The healthcare predictive analytics market, by component is categorized into services, software, and hardware.
·         Based on application, the healthcare predictive analytics market is segmented into operations management, financial, population health, and clinical.
·         Based on end user, the market is segmented into payers, providers, and others
Regional Analysis
The Americas is expected to hold a major share in the global healthcare predictive analytics market owing to the transformation of healthcare industry towards data integration and analytics leading to high demand for healthcare predictive analytics software worldwide.
Europe is expected to hold the second largest share in the healthcare predictive analytics market due to the growing healthcare infrastructure.
Asia-Pacific was projected to be the fastest growing region for the global healthcare predictive analytics market due to the booming Information Technology (IT) industry and prevalent IT outsourcing in this industry are vital factors leading to swift growth of this regional segment.
The Middle East and Africa holds the least share in the market due to less initiatives taken by the government
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