HOME Press Releases Healthcare Analytics Market worth $18.7 Billion by 2020



Healthcare Analytics Market worth $18.7 Billion by 2020


The report "Healthcare Analytics/Medical Analytics Market by Application (Clinical, PHM, Financial (RCM, Claim, Fraud), Supply Chain, HR)), Type (Predictive), Delivery model (On-premise, Cloud), End-user (Payer, Hospital, Ambulatory, ACO) - Global Forecast to 2020",segments the healthcare analytics market based on types, applications, components, delivery modes, end users, and regions. On the basis of type, the market is segmented into descriptive/retrospective analytics, predictive analytics, and prescriptive analytics. The descriptive/retrospective analytics segment is expected to account for the largest share of healthcare analytics market, by type, in 2015.

Browse 149 market data tables and 57 figures spread through 200 pages and in-depth TOC on “Healthcare Analytics/Medical Analytics Market by Application (Clinical, PHM, Financial (RCM, Claim, Fraud), Supply Chain, HR), Type (Predictive), Delivery model (On-premise, Cloud), End-user (Payer, Hospital, Ambulatory, ACO) - Global Forecast to 2020"
http://www.marketsandmarkets.com/Market-Reports/healthcare-data-analytics-market-905.html
Early buyers will receive 10% customization on reports.

The global healthcare analytics market is expected to reach $8.7 Billion by 2020 from $5.8 Billion in 2015, at a CAGR of 26.5% during the forecast period.

The report segments the healthcare analytics market based on types, applications, components, delivery modes, end users, and regions. On the basis of type, the market is segmented into descriptive/retrospective analytics, predictive analytics, and prescriptive analytics. The descriptive/retrospective analytics segment is expected to account for the largest share of healthcare analytics market, by type, in 2015.

Among end users, the healthcare providers segment is expected to grow at the highest CAGR during the forecast period. Federal mandates such as the implementation of EHRs and ICD-10 code sets, shift towards value-based medicine, and the increased focus on quality care and reduced costs are propelling the growth of this segment.

Factors such as the rise in pressure to curb healthcare costs, Meaningful Use incentives, availability of big data in healthcare, technological advancements, and increase in venture capital investments are propelling the growth of healthcare analytics market. On the other hand, the operational gap between payers and providers, lack of skilled personnel, and high cost of analytics solutions may restrict market growth.

On the basis of region, the healthcare analytics market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is expected to account for the largest share of this market in 2015 and will continue to dominate the market during the forecast period. It is also poised to grow at the highest CAGR, mainly due to federal mandates encouraging HCIT adoption; strong government support; significant venture capital investments for analytics; and greater accessibility of analytics solutions and services in this region, among others.

The healthcare analytics market is highly fragmented and competitive, with several big as well as emerging market players. Key market players include IBM Corporation (U.S.), SAS Institute (U.S.), Optum, Inc. (U.S.), Truven Health Analytics (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), Verisk Analytics, Inc. (U.S.), Oracle Corporation (U.S.), Allscripts Health Solutions (U.S.), MedeAnalytics (U.S.), Inovalon, Inc. (U.S.) and Health Catalyst (U.S.).

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
1 South Dearborn Street,
21st Floor , Chicago,
Illinois, 60603,
United States
Tel: + 1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports