HOME Research Insight IBM is Among the Leading Players in the Healthcare Analytics Market.

IBM is Among the Leading Players in the Healthcare Analytics Market.

Key Players in the Healthcare Analytics Market Pursue Partnerships, Agreements, Collaboration, Alliances, Product Launches, Service Launches, Product Upgrade and Product Enhancement, Acquisition, and Expansion as their Key Growth Strategies

Prominent 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.).

Other players in the market include companies such as SAP SE (Germany), Philips Healthcare (Netherlands), SICO Health Analytics (U.S.), LexisNexis Risk Solutions (U.S.), Information Builders (U.S.), EMC Corporation (U.S.), Precision Software (U.S.), Predixion Software (U.S.), MedAssets (U.S.), Caradigm (U.S.), Emdeon (U.S.), Accenture (U.S.), Wellcentive (U.S.), Atena/Active Health (U.S.), Avality (U.S.), Lightbeam (U.S.), Xerox (U.S.), Interpreta, Inc. (U.S.), CPSI (U.S.), Premium, Inc. (U.S.), FICO (U.S.), Predilytics (U.S.), Wipro (India), Saama Technologies (India), Tableau Software (U.S.), Avanade Inc. (U.S.), CitiusTech (U.S.), Kronos, Inc. (U.S.), hCentive, Inc. (U.S.), Rapid Insight, Inc. (U.S.), Vantage Point Healthcare Information systems, Inc. (U.S.), and Vital Spring Technologies, Inc. (U.S.).

IBM is among the leading players in the healthcare analytics market. The company offers smarter analytics, consulting, and systems integration services for strategy and transformation, enterprise applications, and application management maintenance. In addition the company provides Watson solutions based on cognitive computing platform, which analyzes big data to provide accurate insights to its customers. To expand their Watson solutions, in April 2015, IBM established a new business unit—Watson Health—which provides cloud-based access to the Watson supercomputer for analyzing healthcare data. Moreover, in April 2016, the company acquired Truven Health Analytics, Inc. (U.S.) which helped IBM to expand its healthcare analytics segment offerings.

Moreover, SAS Institute, Inc. is one of the leading players in this market. The company is known for its innovative analytics, business intelligence and data management software and services. The company adopts organic as well as inorganic growth strategies in order to expand its business. In this regard, in April 2015, the company collaborated with Geneia (U.S.), a provider of clinical, analytical, and technical solutions for healthcare. Under this collaboration, Geneia will integrates SAS’s predictive and episode analytics into its advanced analytics platform, to create a new range of population health management solution. Such collaborations enable the company to enhance its presence in the healthcare analytics market.
Companies are focusing on adopting organic and inorganic growth strategies such as partnerships, agreements, collaborations, strategic alliances, new product launches, new service launches, product upgrade and product enhancement, acquisition, and expansion to synergistically develop advanced analytics solutions in the market. These strategies help market players to strengthen their product offerings, cater to the unmet needs of customers, increase their profitability, and expand their presence in the global market.

The overall growth strategies mapped from 2013 to June 2016 include partnerships, agreements, collaborations, alliances, product launches, service launches, product upgrade and product enhancement, acquisition, and expansion. Partnerships, agreements, collaborations, and alliances accounted for the largest share of the overall strategic developments mapped in the abovementioned period. Allscripts Healthcare Solutions, Inc. (U.S.), Cerner Corporation (U.S.), Health Catalyst (U.S.), IBM Corporation (U.S.), Inovalon (U.S.), McKesson Corporation (U.S.), MedeAnalytics, Inc. (U.S.), Optum, Inc. (U.S.), Oracle Corporation (U.S.), SAS Institute, Inc. (U.S.), and Verisk Analytics (U.S.) are the companies that majorly adopted these strategies

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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

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