HOME Top Market Reports Healthcare Analytics/ Medical Analytics Market by Application (Clinical, RCM, Claim, Fraud, Supply Chain, HR, PHM), Type (Prescriptive), Component (Service, Software), Delivery (On-premise, Cloud), End User (Hospital, Payer, ACO, TPA) - Forecasts to 2021

Healthcare Analytics/ Medical Analytics Market by Application (Clinical, RCM, Claim, Fraud, Supply Chain, HR, PHM), Type (Prescriptive), Component (Service, Software), Delivery (On-premise, Cloud), End User (Hospital, Payer, ACO, TPA) - Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: November 2016
Report Code: HIT 2180

 

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The healthcare analytics market is expected to reach USD 24.55 Billion by 2021 from USD 7.39 Billion in 2016 at a CAGR of 27.1% from 2016 to 2021. Major factors driving the growth of this market include increasing government initiatives to enhance EHR adoption, rising pressure to curb healthcare spending and need for improved patient outcomes, availability of big data in healthcare, rise in venture capital investments, and technological advancements. Moreover, use of analytics in precision and personalized medicine, increasing focus on value-based medicine and cloud-based analytics, increasing number of patient registries, and emergence of social media and its impact on the healthcare industry provide significant growth opportunities in the market. However, lack of skilled professionals, high cost of analytics solutions, and operational gaps between payers and providers may hinder the growth of the market during the forecast period.

The healthcare analytics market is categorized on the basis of type, application, component, delivery model, end user, and region. Based on type, the market is categorized into descriptive, predictive and prescriptive analytics. The prescriptive analytics segment is poised to grow at the highest CAGR during the forecast period due to its ability to ensure the synergistic integration of predictions and prescriptions.

North America is expected to dominate the global market in 2016, with the U.S. accounting for a major share of this regional market. North America is expected to grow at the highest CAGR during the forecast period, owing to factors such as growing federal healthcare mandates to curb rising healthcare costs and provide quality care; increasing regulatory requirements; growing EHRs adoption; and rising government initiatives to focus on personalized medicine, population health management, and value-based reimbursements.

The healthcare analytics market is fragmented with several global as well as local players. Players offer several products across different subsegments of this market. Key players in this market include IBM Corporation (U.S.), Optum, Inc. (U.S.), Cerner Corporation (U.S.), SAS Institute, Inc. (U.S.), Allscripts Health Solutions (U.S.), McKesson Corporation (U.S.), MedeAnalytics, Inc. (U.S.), Inovalon (U.S.), Oracle Corporation (U.S.), Verisk Analytics (U.S.), and Health Catalyst (U.S.).

Target Audience:

  • Healthcare IT firms
  • Healthcare analytics vendors/service providers
  • Health insurance exchanges
  • Healthcare payers
  • Healthcare providers
  • Venture capitalists
  • Research and consulting firms
  • Accountable care organizations (ACOs)

To know about the assumptions considered for the study, download the pdf brochure

Scope of the Report

This report categorizes the healthcare analytics market into the following segments and subsegments.

Healthcare Analytics Market, by Type

  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics

Healthcare Analytics Market, by Application

  • Clinical Analytics
    • Quality Improvement & Clinical Benchmarking
    • Comparative Analytics/Comparative Effectiveness
    • Clinical Decision Support
    • Precision Health
    • Reporting and Compliance
  • Financial Analytics
    • Revenue Cycle Management (RCM)
    • Claims Processing
    • Payment Integrity
    • Fraud, Waste, and Abuse (FWA)
    • Risk Adjustment
  • Operational and Administrative Analytics
    • Supply Chain Management
    • Workforce Management
    • Strategic Analysis
  • Population Health Analytics

Healthcare Analytics Market, by Component

  • Software
  • Services
  • Hardware

Healthcare Analytics Market, by Delivery Model

  • On-premise
  • On-demand 

Healthcare Analytics Market, by End User

  • Payers
    • Private Insurance Companies
    • Government Agencies
    • Employers & Private Exchanges
  • Providers 
    • Hospitals, Physician Practices, and IDNs
    • Post-acute Organizations
    • Ambulatory Settings
  • ACOs, HIEs, MCOs, and TPAs

Healthcare Analytics Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • RoE (Rest of Europe)
  • Asia
    • Japan
    • China
    • India
    • RoA (Rest of Asia)

Rest of the World (RoW) (Pacific countries, LATAM, the Middle East, and Africa)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company‘s specific needs.

The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to 5)

Further Split of the Rest of the World Healthcare Analytics Market

The healthcare analytics market size and growth estimates of the Pacific, Latin America, the Middle East, and Africa

Table of Contents

1 Introduction (Page No. - 24)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 28)
    2.1 Market Size Estimation
    2.2 Market Breakdown and Data Triangulation
    2.3 Key Industry Insights
    2.4 Assumptions for the Study

3 Executive Summary (Page No. - 36)
    3.1 Introduction
    3.2 Conclusion

4 Premium Insights (Page No. - 41)
    4.1 Healthcare Analytics Market, By Delivery Model
    4.2 Healthcare Analytics Market, By Type
    4.3 Healthcare Analytics Market, By Application
    4.4 Healthcare Analytics Market, By Component
    4.5 Healthcare Analytics Market, By End User
    4.6 Geographic Snapshot of the Healthcare Analytics Market

5 Market Overview (Page No. - 44)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                     5.2.1.1 Increasing Government Initiatives to Increase EHR Adoption
                     5.2.1.2 Rise in Venture Capital Investments
                     5.2.1.3 Growing Pressure to Curb Healthcare Spending and the Need for Improved Patient Outcomes
                     5.2.1.4 Availability of Big Data in Healthcare
                     5.2.1.5 Technological Advancements
           5.2.2 Restraints
                     5.2.2.1 Dearth of Skilled Personnel
                     5.2.2.2 High Cost of Analytics Solutions
                     5.2.2.3 Operational Gaps Between Payers and Providers
           5.2.3 Opportunities
                     5.2.3.1 Increasing Focus on Value-Based Medicine
                     5.2.3.2 Use of Analytics in Precision and Personalized Medicine
                     5.2.3.3 Cloud-Based Analytics
                     5.2.3.4 Increasing Number of Patient Registries
                     5.2.3.5 Emergence of Social Media and Its Impact on the Healthcare Industry
           5.2.4 Challenges
                     5.2.4.1 Patient Data Confidentiality
                     5.2.4.2 Concerns Regarding Inaccurate and Inconsistent Data
                     5.2.4.3 Reluctance to Adopt Healthcare Analytics in Emerging Countries

6 Healthcare Analytics Market, By Type (Page No. - 58)
    6.1 Introduction
    6.2 Descriptive Analytics
    6.3 Predictive Analytics
    6.4 Prescriptive Analytics

7 Healthcare Analytics Market, By Application (Page No. - 70)
    7.1 Introduction
    7.2 Financial Analytics
           7.2.1 Claims Processing
           7.2.2 Revenue Cycle Management (RCM)
           7.2.3 Payment Integrity and Fraud Waste & Abuse (FWA)
           7.2.4 Risk Adjustment and Risk Assessment
    7.3 Clinical Analytics
           7.3.1 Quality Improvement and Clinical Benchmarking
           7.3.2 Clinical Decision Support
           7.3.3 Regulatory Reporting and Compliance
           7.3.4 Comparative Analytics/Comparative Effectiveness
           7.3.5 Precision Health
    7.4 Operational and Administrative Analytics
           7.4.1 Supply Chain Analytics
           7.4.2 Workforce Analytics
           7.4.3 Strategic Analytics
    7.5 Population Health Analytics
           7.5.1 Overview of Applications
                     7.5.1.1 Population Risk Management
                     7.5.1.2 Population Care Management
                     7.5.1.3 Patient Engagement
                     7.5.1.4 Clinical Outcome Management
                     7.5.1.5 Activity-Based Costing
           7.5.2 Market Drivers for Population Health Analytics
                     7.5.2.1 Rising Number of Accountable Care Organizations (ACOS)
                     7.5.2.2 Increasing Costs of Chronic Disease Treatment
                     7.5.2.3 Initiatives for Population Health Management
           7.5.3 Market Restraints for Population Health Analytics
                     7.5.3.1 Lack of Data Management Capabilities and Skilled Analysts

8 Healthcare Analytics Market, By Component (Page No. - 121)
    8.1 Introduction
    8.2 Services
           8.2.1 Support Services
           8.2.2 Business Analytics Services
    8.3 Software
    8.4 Hardware

9 Healthcare Analytics Market, By Delivery Model (Page No. - 137)
    9.1 Introduction
    9.2 On-Premise Delivery Models
    9.3 On-Demand Delivery Models

10 Healthcare Analytics Market, By End User (Page No. - 146)
     10.1 Introduction
     10.2 Payers
               10.2.1 Private Insurance Companies
               10.2.2 Government Agencies
               10.2.3 Employers & Private Exchanges
     10.3 Providers
               10.3.1 Hospitals, Physician Practices, and IDNS
               10.3.2 Post-Acute Care Organizations
               10.3.3 Ambulatory Settings
     10.4 ACOS, HIES, MCOS, and TPAS

11 Healthcare Analytics Market, By Region (Page No. - 173)
     11.1 Introduction
     11.2 North America
               11.2.1 U.S.
               11.2.2 Canada
     11.3 Europe
               11.3.1 Germany
               11.3.2 France
               11.3.3 U.K.
               11.3.4 Rest of Europe
     11.4 Asia
               11.4.1 Japan
               11.4.2 China
               11.4.3 India
               11.4.4 Rest of Asia
     11.5 Rest of the World

12 Competitive Landscape (Page No. - 256)
     12.1 Overview
     12.2 Market Analysis
     12.3 Competitive Situation and Trends
               12.3.1 Partnerships, Agreements, Collaborations, and Alliances
               12.3.2 Product Launches, Service Launches, Product Upgrades, and Product Enhancements
               12.3.3 Acquisitions
               12.3.4 Expansions

13 Company Profiles (Page No. - 266)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 Introduction
     13.2 Allscripts Healthcare Solutions, Inc.
     13.3 Cerner Corporation
     13.4 Health Catalyst
     13.5 IBM Corporation
     13.6 Inovalon Holdings, Inc.
     13.7 Mckesson Corporation
     13.8 Medeanalytics, Inc.
     13.9 Optum, Inc. (Part of Unitedhealth Group, Inc.)
     13.10 Oracle Corporation
     13.11 SAS Institute Inc.
     13.12 Verisk Analytics, Inc.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 301)
     14.1 Insights From Industry Experts
     14.2 Discussion Guide
               14.2.1 Other Developments
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports


List of Tables (323 Tables)

Table 1 Global Healthcare Analytics Market Snapshot
Table 2 Increasing Government Initiatives and Venture Capital Investments are Major Drivers for Market Growth
Table 3 Dearth of Skilled Personnel, A Major Restraint for Market Growth
Table 4 Increasing Focus on Value-Based Medicine : A Major Opportunity for Market Growth
Table 5 Patient Data Confidentiality, A Major Challenge for Market Growth
Table 6 Market Size, By Type, 2014-2021 (USD Million)
Table 7 Descriptive Analytics Market Size, By Region, 2014-2021 (USD Million)
Table 8 North America: Descriptive Analytics Market Size, By Country, 2014-2021 (USD Million)
Table 9 Europe: Descriptive Analytics Market Size, By Country, 2014-2021 (USD Million)
Table 10 Asia: Descriptive Analytics Market Size, By Country, 2014-2021 (USD Million)
Table 11 Predictive Analytics Market Size, By Region, 2014-2021 (USD Million)
Table 12 North America: Predictive Analytics Market Size, By Country, 2014-2021 (USD Million)
Table 13 Europe: Predictive Analytics Market Size, By Country, 2014-2021 (USD Million)
Table 14 Asia: Predictive Analytics Market Size, By Country, 2014-2021 (USD Million)
Table 15 Prescriptive Analytics Market Size, By Region, 2014-2021 (USD Million)
Table 16 North America: Prescriptive Analytics Market Size, By Country, 2014-2021 (USD Million)
Table 17 Europe: Prescriptive Analytics Market Size, By Country, 2014-2021 (USD Million)
Table 18 Asia: Prescriptive Analytics Market Size, By Country, 2014-2021 (USD Million)
Table 19 Market Size, By Application, 2014–2021 (USD Million)
Table 20 Financial Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 21 North America: Financial Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 22 Europe: Financial Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 23 Asia: Financial Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 24 Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 25 Claims Processing Market Size, By Region, 2014–2021 (USD Million)
Table 26 North America: Claims Processing Market Size, By Country, 2014–2021 (USD Million)
Table 27 Europe: Claims Processing Market Size, By Country, 2014–2021 (USD Million)
Table 28 Asia: Claims Processing Market Size, By Country, 2014–2021 (USD Million)
Table 29 Revenue Cycle Management Market Size, By Region, 2014–2021 (USD Million)
Table 30 North America: Revenue Cycle Management Market Size, By Country, 2014–2021 (USD Million)
Table 31 Europe: Revenue Cycle Management Market Size, By Country, 2014–2021 (USD Million)
Table 32 Asia: Revenue Cycle Management Market Size, By Country, 2014–2021 (USD Million)
Table 33 Payment Integrity & Fraud Waste and Abuse Market Size, By Region, 2014–2021 (USD Million)
Table 34 North America: Payment Integrity & Fraud Waste and Abuse Market Size, By Country, 2014–2021 (USD Million)
Table 35 Europe: Payment Integrity & Fraud Waste and Abuse Market Size, By Country, 2014–2021 (USD Million)
Table 36 Asia: Payment Integrity & Fraud Waste and Abuse Market Size, By Country, 2014–2021 (USD Million)
Table 37 Risk Adjustment and Risk Assessment Market Size, By Region, 2014–2021 (USD Million)
Table 38 North America: Risk Adjustment and Risk Assessment Market Size, By Country, 2014–2021 (USD Million)
Table 39 Europe: Risk Adjustment and Risk Assessment Market Size, By Country, 2014–2021 (USD Million)
Table 40 Asia: Risk Adjustment and Risk Assessment Market Size, By Country, 2014–2021 (USD Million)
Table 41 Clinical Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 42 North America: Clinical Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 43 Europe: Clinical Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 44 Asia: Clinical Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 45 Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 46 Quality Improvement & Clinical Benchmarking Market Size, By Region, 2014–2021 (USD Million)
Table 47 North America: Quality Improvement & Clinical Benchmarking Market Size, By Country, 2014–2021 (USD Million)
Table 48 Europe: Quality Improvement & Clinical Benchmarking Market Size, By Country, 2014–2021 (USD Million)
Table 49 Asia: Quality Improvement & Clinical Benchmarking Market Size, By Country, 2014–2021 (USD Million)
Table 50 Clinical Decision Support Market Size, By Region, 2014–2021 (USD Million)
Table 51 North America: Clinical Decision Support Market Size, By Country, 2014–2021 (USD Million)
Table 52 Europe: Clinical Decision Support Market Size, By Country, 2014–2021 (USD Million)
Table 53 Asia: Clinical Decision Support Market Size, By Country, 2014–2021 (USD Million)
Table 54 Reporting & Compliance Market Size, By Region, 2014–2021 (USD Million)
Table 55 North America: Reporting & Compliance Market Size, By Country, 2014–2021 (USD Million)
Table 56 Europe: Reporting & Compliance Market Size, By Country, 2014–2021 (USD Million)
Table 57 Asia: Reporting & Compliance Market Size, By Country, 2014–2021 (USD Million)
Table 58 Comparative Analytics/Comparative Effectiveness Market Size, By Region, 2014–2021 (USD Million)
Table 59 North America: Comparative Analytics/Comparative Effectiveness Market Size, By Country, 2014–2021
Table 60 Europe: Comparative Analytics/Comparative Effectiveness Market Size, By Country, 2014–2021
Table 61 Asia: Comparative Analytics/Comparative Effectiveness Market Size, By Country, 2014–2021
Table 62 Precision Health Market Size, By Region, 2014–2021 (USD Million)
Table 63 North America: Precision Health Market Size, By Country, 2014–2021 (USD Million)
Table 64 Europe: Precision Health Market Size, By Country, 2014–2021 (USD Million)
Table 65 Asia: Precision Health Market Size, By Country, 2014–2021 (USD Million)
Table 66 Operation and Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 67 Operational & Administrative Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 68 North America: Operational & Administrative Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 69 Europe: Operational & Administrative Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 70 Asia: Operational & Administrative Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 71 Supply Chain Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 72 North America: Supply Chain Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 73 Europe: Supply Chain Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 74 Asia: Supply Chain Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 75 Workforce Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 76 North America: Workforce Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 77 Europe: Workforce Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 78 Asia: Workforce Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 79 Strategic Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 80 North America: Strategic Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 81 Europe: Strategic Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 82 Asia: Strategic Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 83 Population Health Analytics Market Size, By Region, 2014–2021 (USD Million)
Table 84 North America: Population Health Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 85 Europe: Population Health Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 86 Asia: Population Health Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 87 Market Size, By Component, 2014-2021 (USD Million)
Table 88 Healthcare Analytics Services Market Size, By Type, 2014-2021 (USD Million)
Table 89 Healthcare Analytics Services Market Size, By Region, 2014-2021 (USD Million)
Table 90 North America: Healthcare Analytics Services Market Size, By Country, 2014-2021 (USD Million)
Table 91 Europe: Healthcare Analytics Services Market Size, By Country, 2014-2021 (USD Million)
Table 92 Asia: Healthcare Analytics Services Market Size, By Country, 2014-2021 (USD Million)
Table 93 Support Services Market Size, By Region, 2014-2021 (USD Million)
Table 94 North America: Support Services Market Size, By Country, 2014-2021 (USD Million)
Table 95 Europe: Support Services Market Size, By Country, 2014-2021 (USD Million)
Table 96 Asia: Support Services Market Size, By Country, 2014-2021 (USD Million)
Table 97 Business Analytics Services Market Size, By Region, 2014-2021 (USD Million)
Table 98 North America: Business Analytics Services Market Size, By Country, 2014-2021 (USD Million)
Table 99 Europe: Business Analytics Services Market Size, By Country, 2014-2021 (USD Million)
Table 100 Asia: Business Analytics Services Market Size, By Country, 2014-2021 (USD Million)
Table 101 Healthcare Analytics Software Market Size, By Region, 2014-2021 (USD Million)
Table 102 North America: Healthcare Analytics Software Market Size, By Country, 2014-2021 (USD Million)
Table 103 Europe: Healthcare Analytics Software Market Size, By Country, 2014-2021 (USD Million)
Table 104 Asia: Healthcare Analytics Software Market Size, By Country, 2014-2021 (USD Million)
Table 105 Healthcare Analytics Hardware Market Size, By Region, 2014-2021 (USD Million)
Table 106 North America: Healthcare Analytics Hardware Market Size, By Country, 2014-2021 (USD Million)
Table 107 Europe: Healthcare Analytics Hardware Market Size, By Country, 2014-2021 (USD Million)
Table 108 Asia: Healthcare Analytics Hardware Market Size, By Country, 2014-2021 (USD Million)
Table 109 Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 110 On-Premise Delivery Models Market Size, By Region, 2014–2021 (USD Million)
Table 111 North America: On-Premise Delivery Models Market Size, By Country, 2014–2021 (USD Million)
Table 112 Europe: On-Premise Delivery Models Market Size, By Country, 2014–2021 (USD Million)
Table 113 Asia: On-Premise Delivery Models Market Size, By Country, 2014–2021 (USD Million)
Table 114 On-Demand Delivery Models Market Size, By Region, 2014–2021 (USD Million)
Table 115 North America: On-Demand Delivery Models Market Size, By Country, 2014–2021 (USD Million)
Table 116 Europe: On-Demand Delivery Models Market Size, By Country, 2014–2021 (USD Million)
Table 117 Asia: On-Demand Delivery Models Market Size, By Country, 2014–2021 (USD Million)
Table 118 Medical Analytics Market Size, By End User, 2014-2021 (USD Million)
Table 119 Medical Analytics Market Size for Payers, By Type, 2014-2021 (USD Million)
Table 120 Medical Analytics Market Size for Payers, By Region, 2014-2021 (USD Million)
Table 121 North America: Medical Analytics Market Size for Payers, By Country, 2014-2021 (USD Million)
Table 122 Europe: Medical Analytics Market Size for Payers, By Country, 2014-2021 (USD Million)
Table 123 Asia: Medical Analytics Market Size for Payers, By Country, 2014-2021 (USD Million)
Table 124 Medical Analytics Market Size for Private Insurance Companies, By Region, 2014-2021 (USD Million)
Table 125 North America: Medical Analytics Market Size for Private Insurance Companies, By Country, 2014-2021 (USD Million)
Table 126 Europe: Medical Analytics Market Size for Private Insurance Companies, By Country, 2014-2021 (USD Million)
Table 127 Asia: Medical Analytics Market Size for Private Insurance Companies, By Country, 2014-2021 (USD Million)
Table 128 Medical Analytics Market Size for Government Agencies, By Region, 2014-2021 (USD Million)
Table 129 North America: Medical Analytics Market Size for Government Agencies, By Country, 2014-2021 (USD Million)
Table 130 Europe: Medical Analytics Market Size for Government Agencies, By Country, 2014-2021 (USD Million)
Table 131 Asia: Medical Analytics Market Size for Government Agencies, By Country, 2014-2021 (USD Million)
Table 132 Medical Analytics Market Size for Employers and Private Exchanges, By Region, 2014-2021 (USD Million)
Table 133 North America: Medical Analytics Market Size for Employers and Private Exchanges, By Country, 2014-2021 (USD Million)
Table 134 Europe: Medical Analytics Market Size for Employers and Private Exchanges, By Country, 2014-2021 (USD Million)
Table 135 Asia: Medical Analytics Market Size for Employers and Private Exchanges, By Country, 2014-2021 (USD Million)
Table 136 Healthcare Analytics Provider Market Size, By Type, 2014-2021 (USD Million)
Table 137 Medical Analytics Market Size for Providers, By Region, 2014-2021 (USD Million)
Table 138 North America: Market Size for Providers, By Country, 2014-2021 (USD Million)
Table 139 Europe: Market Size for Providers, By Country, 2014-2021 (USD Million)
Table 140 Asia: Market Size for Providers, By Country, 2014-2021 (USD Million)
Table 141 Market Size for Hospitals, Physician Practices, and IDNS, By Region, 2014-2021 (USD Million)
Table 142 North America: Market Size for Hospitals, Physician Practices, and IDNS, By Country, 2014-2021 (USD Million)
Table 143 Europe: Market Size for Hospitals, Physician Practices, and IDNS, By Country, 2014-2021 (USD Million)
Table 144 Asia: Market Size for Hospitals, Physician Practices, and IDNS, By Country, 2014-2021 (USD Million)
Table 145 Market Size for Post-Acute Care Organizations, By Region, 2014-2021 (USD Million)
Table 146 North America: Market Size for Post-Acute Care Organizations, By Country, 2014-2021 (USD Million)
Table 147 Europe: Market Size for Post-Acute Care Organizations, By Country, 2014-2021 (USD Million)
Table 148 Asia: Market Size for Post-Acute Care Organizations, By Country, 2014-2021 (USD Million)
Table 149 Market Size for Ambulatory Settings, By Region, 2014-2021 (USD Million)
Table 150 North America: Market Size for Ambulatory Settings, By Country, 2014-2021 (USD Million)
Table 151 Europe: Market Size for Ambulatory Settings, By Country, 2014-2021 (USD Million)
Table 152 Asia: Market Size for Ambulatory Settings, By Country, 2014-2021 (USD Million)
Table 153 Market Size for ACOS, HIES, MCOS, & TPAS, By Region, 2014-2021 (USD Million)
Table 154 North America: Market Size for ACOS, HIES, MCOS, & TPAS, By Country, 2014-2021 (USD Million)
Table 155 Europe: Market Size for ACOS, HIES, MCOS, & TPAS, By Country, 2014-2021 (USD Million)
Table 156 Asia: Market Size for ACOS, HIES, MCOS, & TPAS, By Country, 2014-2021 (USD Million)
Table 157 Market Size, By Region, 2014–2021 (USD Million)
Table 158 North America: Medical Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 159 North America: Medical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 160 North America: Medical Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 161 North America: Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 162 North America: Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 163 North America: Operational & Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 164 North America: Healthcare Analytics Market Size, By Component, 2014–2021 (USD Million)
Table 165 North America: Healthcare Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 166 North America: Healthcare Analytics Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 167 North America: Healthcare Analytics Market Size, By End User, 2014–2021 (USD Million)
Table 168 North America: Healthcare Analytics Market Size, By Payer, 2014–2021 (USD Million)
Table 169 North America: Healthcare Analytics Market Size, By Provider, 2014–2021 (USD Million)
Table 170 U.S.: Healthcare Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 171 U.S.: Healthcare Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 172 U.S.: Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 173 U.S.: Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 174 U.S.: Operational & Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 175 U.S.: Healthcare Analytics Market Size, By Component, 2014–2021 (USD Million)
Table 176 U.S.: Healthcare Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 177 U.S.: Healthcare Analytics Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 178 U.S.: Healthcare Analytics Market Size, By End User, 2014–2021 (USD Million)
Table 179 U.S.: Healthcare Analytics Market Size, By Payer, 2014–2021 (USD Million)
Table 180 U.S.: Healthcare Analytics Market Size, By Provider, 2014–2021 (USD Million)
Table 181 Canada: Healthcare Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 182 Canada: Healthcare Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 183 Canada: Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 184 Canada: Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 185 Canada: Operational & Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 186 Canada: Healthcare Analytics Market Size, By Component, 2014–2021 (USD Million)
Table 187 Canada: Healthcare Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 188 Canada: Healthcare Analytics Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 189 Canada: Healthcare Analytics Market Size, By End User, 2014–2021 (USD Million)
Table 190 Canada: Healthcare Analytics Market Size, By Payer, 2014–2021 (USD Million)
Table 191 Canada: Healthcare Analytics Market Size, By Provider, 2014–2021 (USD Million)
Table 192 Europe: Healthcare Analytics Market Size, By Country, 2014–2021 (USD Million)
Table 193 Europe: Healthcare Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 194 Europe: Healthcare Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 195 Europe: Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 196 Europe: Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 197 Europe: Operational & Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 198 Europe: Healthcare Analytics Market Size, By Component, 2014–2021 (USD Million)
Table 199 Europe: Healthcare Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 200 Europe: Healthcare Analytics Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 201 Europe: Healthcare Analytics Market Size, By End User, 2014–2021 (USD Million)
Table 202 Europe: Healthcare Analytics Market Size, By Payer, 2014–2021 (USD Million)
Table 203 Europe: Healthcare Analytics Market Size, By Provider, 2014–2021 (USD Million)
Table 204 Germany: Healthcare Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 205 Germany: Healthcare Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 206 Germany: Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 207 Germany: Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 208 Germany: Operational & Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 209 Germany: Healthcare Analytics Market Size, By Component, 2014–2021 (USD Million)
Table 210 Germany: Healthcare Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 211 Germany: Healthcare Analytics Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 212 Germany: Healthcare Analytics Market Size, By End User, 2014–2021 (USD Million)
Table 213 Germany: Healthcare Analytics Market Size, By Payer, 2014–2021 (USD Million)
Table 214 Germany: Healthcare Analytics Market Size, By Provider, 2014–2021 (USD Million)
Table 215 France: Healthcare Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 216 France: Healthcare Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 217 France: Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 218 France: Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 219 France: Operational & Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 220 France: Healthcare Analytics Market Size, By Component, 2014–2021 (USD Million)
Table 221 France: Healthcare Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 222 France: Healthcare Analytics Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 223 France: Healthcare Analytics Market Size, By End User, 2014–2021 (USD Million)
Table 224 France: Healthcare Analytics Market Size, By Payer, 2014–2021 (USD Million)
Table 225 France: Healthcare Analytics Market Size, By Provider, 2014–2021 (USD Million)
Table 226 U.K.: Healthcare Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 227 U.K.: Healthcare Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 228 U.K.: Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 229 U.K.: Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 230 U.K.: Operational & Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 231 U.K.: Healthcare Analytics Market Size, By Component, 2014–2021 (USD Million)
Table 232 U.K.: Healthcare Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 233 U.K.: Healthcare Analytics Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 234 U.K.: Healthcare Analytics Market Size, By End User, 2014–2021 (USD Million)
Table 235 U.K.: Healthcare Analytics Market Size, By Payer, 2014–2021 (USD Million)
Table 236 U.K.: Healthcare Analytics Market Size, By Provider, 2014–2021 (USD Million)
Table 237 RoE: Healthcare Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 238 RoE: Healthcare Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 239 RoE: Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 240 RoE: Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 241 RoE: Operational & Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 242 RoE: Healthcare Analytics Market Size, By Component, 2014–2021 (USD Million)
Table 243 RoE: Healthcare Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 244 RoE: Healthcare Analytics Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 245 RoE: Healthcare Analytics Market Size, By End User, 2014–2021 (USD Million)
Table 246 RoE: Healthcare Analytics Market Size, By Payer, 2014–2021 (USD Million)
Table 247 RoE: Healthcare Analytics Market Size, By Provider, 2014–2021 (USD Million)
Table 248 Asia: Healthcare Analytics Market, By Country, 2014–2021 (USD Million)
Table 249 Asia: Healthcare Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 250 Asia: Healthcare Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 251 Asia: Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 252 Asia: Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 253 Asia: Operational & Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 254 Asia: Healthcare Analytics Market Size, By Component, 2014–2021 (USD Million)
Table 255 Asia: Healthcare Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 256 Asia: Healthcare Analytics Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 257 Asia: Healthcare Analytics Market Size, By End User, 2014–2021 (USD Million)
Table 258 Asia: Healthcare Analytics Market Size, By Payer, 2014–2021 (USD Million)
Table 259 Asia: Healthcare Analytics Market Size, By Provider, 2014–2021 (USD Million)
Table 260 Japan: Healthcare Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 261 Japan: Healthcare Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 262 Japan: Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 263 Japan: Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 264 Japan: Operational & Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 265 Japan: Healthcare Analytics Market Size, By Component, 2014–2021 (USD Million)
Table 266 Japan: Healthcare Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 267 Japan: Healthcare Analytics Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 268 Japan: Healthcare Analytics Market Size, By End User, 2014–2021 (USD Million)
Table 269 Japan: Healthcare Analytics Market Size, By Payer, 2014–2021 (USD Million)
Table 270 Japan: Healthcare Analytics Market Size, By Provider, 2014–2021 (USD Million)
Table 271 China: Healthcare Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 272 China: Healthcare Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 273 China: Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 274 China: Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 275 China: Operational & Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 276 China: Healthcare Analytics Market Size, By Component, 2014–2021 (USD Million)
Table 277 China: Healthcare Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 278 China: Healthcare Analytics Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 279 China: Healthcare Analytics Market Size, By End User, 2014–2021 (USD Million)
Table 280 China: Healthcare Analytics Market Size, By Payer, 2014–2021 (USD Million)
Table 281 China: Healthcare Analytics Market Size, By Provider, 2014–2021 (USD Million)
Table 282 India: Healthcare Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 283 India: Healthcare Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 284 India: Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 285 India: Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 286 India: Operational & Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 287 India: Healthcare Analytics Market Size, By Component, 2014–2021 (USD Million)
Table 288 India: Healthcare Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 289 India: Healthcare Analytics Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 290 India: Healthcare Analytics Market Size, By End User, 2014–2021 (USD Million)
Table 291 India: Healthcare Analytics Market Size, By Payer, 2014–2021 (USD Million)
Table 292 India: Healthcare Analytics Market Size, By Provider, 2014–2021 (USD Million)
Table 293 RoA: Healthcare Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 294 RoA: Healthcare Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 295 RoA: Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 296 RoA: Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 297 RoA: Operational & Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 298 RoA: Healthcare Analytics Market Size, By Component, 2014–2021 (USD Million)
Table 299 RoA: Healthcare Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 300 RoA: Healthcare Analytics Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 301 RoA: Healthcare Analytics Market Size, By End User, 2014–2021 (USD Million)
Table 302 RoA: Healthcare Analytics Market Size, By Payer, 2014–2021 (USD Million)
Table 303 RoA: Healthcare Analytics Market Size, By Provider, 2014–2021 (USD Million)
Table 304 Healthcare Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 305 RoW: Healthcare Analytics Market Size, By Application, 2014–2021 (USD Million)
Table 306 RoW: Clinical Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 307 RoW: Financial Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 308 RoW: Operational & Administrative Analytics Market Size, By Type, 2014–2021 (USD Million)
Table 309 RoW: Healthcare Analytics Market Size, By Component, 2014–2021 (USD Million)
Table 310 RoW: Healthcare Analytics Market Size, By Service, 2014–2021 (USD Million)
Table 311 RoW: Healthcare Analytics Market Size, By Delivery Model, 2014–2021 (USD Million)
Table 312 RoW: Healthcare Analytics Market Size, By End User, 2014–2021 (USD Million)
Table 313 RoW: Healthcare Analytics Market Size, By Payer, 2014–2021 (USD Million)
Table 314 RoW: Healthcare Analytics Market Size, By Provider, 2014–2021 (USD Million)
Table 315 Healthcare Analytics Market Ranking, By Key Player, 2015
Table 316 Partnerships, Agreements, Collaborations, and Alliances (2013-2016)
Table 317 Product Launches, Service Launches, Product Upgrades, and Product Enhancements (2013-2016)
Table 318 Acquisitions (2013-2016)
Table 319 Expansions (2013-2016)
Table 320 Partnerships, Collaborations, Agreements, and Alliances (2013-2016)
Table 321 Product Launches, Service Launches, Product Upgrades, and Product Enhancements (2013-2016)
Table 322 Acquisitions (2013-2016)
Table 323 Expansions (2013-2016)
 
 
List of Figures (55 Figures)
 
Figure 1 Research Design
Figure 2 Market Size Estimation : Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Data Triangulation Methodology
Figure 6 Key Data From Secondary Sources
Figure 7 Key Data From Primary Sources
Figure 8 Descriptive Analytics Segment to Dominate the Market, By Type, in the Forecast Period
Figure 9 Clinical Analytics Segment to Grow at the Highest Rate (2016–2021)
Figure 10 Services Market to Offer Significant Growth Opportunities
Figure 11 On-Demand Delivery Model to Grow at the Highest Rate (2016–2021)
Figure 12 Healthcare Providers Segment to Grow at the Highest Rate in the Market, By End User (2016-2021)
Figure 13 North America to Hold the Largest Share in the Market During 2016-2021
Figure 14 On-Demand Delivery Model to Offer High Growth Opportunities
Figure 15 Descriptive and Predictive Analytics Hold Largest Shares in the Market
Figure 16 Claims Processing to Hold the Largest Share of the Financial Analytics Market in 2016
Figure 17 Services Segment to Grow at the Highest Rate (2016-2021)
Figure 18 Providers Segment to Witness Highest Growth in the Forecast Period
Figure 19 U.S. to Witness Highest Growth During the Forecast Period
Figure 20 Healthcare Analytics Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Basic EHR Adoption Rate in U.S. Non-Federal Acute Care Hospitals (2013–2015)
Figure 22 Healthcare Spending, 2014 (% GDP)
Figure 23 Prescriptive Analytics to Grow at the Highest Rate During the Forecast Period
Figure 24 Descriptive Analytics Market, By Region: North America to Grow at the Highest CAGR During the Forecast Period
Figure 25 Clinical Analytics to Register the Highest CAGR During the Forecast Period
Figure 26 Payment Integrity & Fraud Analytics Segment to Register the Highest Growth During the Forecast Period
Figure 27 Quality Improvement & Clinical Benchmarking Segment to Dominate the Clinical Analytics Market
Figure 28 Supply Chain Analytics to Dominate the Market During the Forecast Period
Figure 29 Services Segment to Dominate the Healthcare Analytics Market From 2016 to 2021
Figure 30 North America to Account for the Largest Share of the Healthcare Analytics Services Market
Figure 31 On-Demand Delivery Model to Witness Highest Growth in the Forecast Period (2016–2021)
Figure 32 North America to Grow at the Highest CAGR in the On-Premise Delivery Models Market During the Forecast Period
Figure 33 Payers to Dominate the Healthcare Analytics Market in the Forecast Period
Figure 34 Private Insurance Companies to Dominate the Payers Market During the Forecast Period
Figure 35 Hospitals, Physician Practices, and IDNS to Witness High Growth During the Forecast Period
Figure 36 North America to Dominate the Healthcare Analytics Market During the Forecast Period
Figure 37 North America: Healthcare Analytics Market Snapshot
Figure 38 Europe: Healthcare Analytics Market Snapshot
Figure 39 Asia: Healthcare Analytics Market Snapshot
Figure 40 Rest of the World: Healthcare Analytics Market Snapshot
Figure 41 Key Players Adopted Inorganic Growth Strategies Between 2013 and 2016
Figure 42 Market Evolution Framework - Partnerships, Agreements, Collaborations, and Alliances Fuelled Market Growth
Figure 43 Healthcare Analytics Benchmarking for Top Players, By Application, 2015
Figure 44 Healthcare Analytics Benchmarking for Top Players, By Component, 2015
Figure 45 Battle for Market Share: Partnerships, Agreements, Collaborations, and Alliances are the Key Strategies Adopted By Market Players
Figure 46 Geographic Revenue Mix of the Healthcare Analytics Market
Figure 47 Allscripts Healthcare Solutions, Inc.: Company Snapshot
Figure 48 Cerner Corporation: Company Snapshot
Figure 49 IBM Corporation: Company Snapshot
Figure 50 Inovalon Holdings, Inc.: Company Snapshot
Figure 51 Mckesson Corporation: Company Snapshot
Figure 52 Unitedhealth Group, Inc.: Company Snapshot
Figure 53 Oracle Corporation: Company Snapshot
Figure 54 SAS Institute Inc.: Company Snapshot
Figure 55 Verisk Analytics, Inc.: Company Snapshot

The healthcare analytics market is expected to reach USD 24.55 Billion by 2021 from USD 7.39 Billion in 2016, at a CAGR of 27.1% from 2016 to 2021. The market is mainly driven by factors such as increasing government initiatives to enhance EHR adoption, rising pressure to curb healthcare spending and need for improved patient outcomes, availability of big data in healthcare, rise in venture capital investments, and technological advancements.

Based on type, the market is segmented into descriptive, predictive and prescriptive analytics. The descriptive analytics segment is expected to account for the largest market share in 2016.  This can be attributed to the significant usage of descriptive analytics by healthcare providers to gain a better understanding of the past trends and event occurring in real-time.

On the basis of application, the healthcare analytics market is further divided into clinical (quality improvement and clinical benchmarking, clinical decision support, regulatory reporting and compliance, comparative analytics/comparative effectiveness, and precision health), financial (claims processing, revenue cycle management, payment integrity and fraud analytics, risk adjustment and risk assessment), operational & administrative (supply chain analytics, workforce analytics and strategic analytics) and population health analytics. The clinical analytics segment is expected to grow at the highest CAGR during the forecast period. The high growth of this segment is attributed to the growing adoption of analytics by the healthcare providers due to the rising pressure to curb healthcare costs, and rising focus on personalized medicine-based analytics.

Based on component, the market is segmented into services, software and hardware. The services segment is expected to grow at the highest CAGR during the forecast period due to increasing need for business analytics services and the introduction of technologically advanced healthcare analytics software, which requires extensive training to use as well as regular upgradation.

Based on delivery model, the market is segmented into on-demand and on-premise model. The on-demand segment is expected to grow at highest CAGR due to rise in demand for self-driven analytics, lack of upfront capital investments for hardware, extreme capacity flexibility, and the pay-as-you-go pricing of this model.

Based on end user, the healthcare analytics market is segmented into payers (private healthcare insurance companies, government agencies, employers, and private insurance exchanges), providers (hospitals, physician practices, and IDNs, post-acute organizations and ambulatory settings), and ACOs, HIEs, MCOs, and TPAs. The payers segment is estimated to dominate the market in 2016. This can primarily be attributed to high utilization of analytics solutions by payers.

Healthcare Analytics Market, Medical Analytics Market

The market is dominated by North America, followed by Europe, Asia, and the Rest of the World. North America is expected to dominate the market in 2016, and it is expected to grow at a highest CAGR during the forecast period. Growing federal healthcare mandates to curb rising healthcare costs and provide quality care; increasing regulatory requirements; growing EHRs adoption; and rising government initiatives to focus on personalized medicine, population health management, and value-based reimbursements will drive market growth in North America.

Key players in the healthcare analytics market include IBM Corporation (U.S.), Optum, Inc. (U.S.), Cerner Corporation (U.S.), SAS Institute, Inc. (U.S.), Allscripts Health Solutions (U.S.), McKesson Corporation (U.S.), MedeAnalytics, Inc. (U.S.), Inovalon (U.S.), Oracle Corporation (U.S.), Verisk Analytics (U.S.), and Health Catalyst (U.S.).

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