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New report examines the 27.1% CAGR for healthcare analytics market to 2021

Key players in healthcare analystics market are IBM Corporation (U.S.), SAS Institute, Inc. (U.S.), Optum, Inc. (U.S.), Truven Health Analytics Inc. (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.).

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North America is expected to dominate the healthcare analytics market and grow at the highest CAGR. Factors such as the rising pressure to curb healthcare costs, big data in healthcare, technological advancements, growing awareness about benefits of analytics, and increase in venture capital investments are driving market growth.

The global healthcare analytics market is expected to reach $18.7 Billion by 2020 from $5.8 Billion in 2015, at a CAGR of 26.5% during the forecast period.

Complete report of 149 market data Tables with 57 Figures across 318 Pages and in-depth TOC on "Healthcare Analytics and Medical Analytics Market" @ www.rnrmarketresearch.com/healthca…arket-report.html .

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Healthcare Analytics Market growth is driven by federal healthcare mandates encouraging the adoption of HCIT solutions to curb rising healthcare costs; benefits associated with the use of analytics; increasing HCIT adoption; availability of big data in healthcare; technological advancements; and increase in venture capital investments. On the other hand, the operational gap between payers and providers, a lack of skilled personnel, and cultural and language barriers are likely to hinder market growth.

The market, by delivery model, is segmented into on-premise and on-demand delivery models. In 2015, the on-premise delivery model accounted for the largest share of the global healthcare analytics market owing to its multi-vendor architecture, which lowers the risk of data breaches and external attacks.

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)

Healthcare providers are segmented into hospitals, physicians’ practices and IDNs, and ambulatory settings. The healthcare providers segment is expected to grow at a highest CAGR during the forecast period.

By end user, the medical analytics market covers payers, providers and ACOs, HIEs, MCOs, and TPAs. Healthcare payers are further subsegmented into private insurance companies, government agencies, and employers and private exchanges.

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Healthcare analytics systems reveal and understand historical patterns of data to predict and provide actionable insights to improve the performance of healthcare organizations. The outcomes reveal the best-suited treatments, disease patterns, patients at high risk, fraudulent claims, and evaluate physician performance.

Key market players include

IBM Corporation (U.S.), SAS Institute, Inc. (U.S.), Optum, Inc. (U.S.), Truven Health Analytics Inc. (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.).

Get the more details, discount and other information 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” research report can be requested at www.rnrmarketresearch.com/contacts…count?rname=63364 .

Market growth is driven by federal healthcare mandates encouraging the adoption of HCIT solutions to curb rising healthcare costs; benefits associated with the use of analytics; increasing HCIT adoption; availability of big data in healthcare; technological advancements; and increase in venture capital investments. On the other hand, the operational gap between payers and providers, a lack of skilled personnel, and cultural and language barriers are likely to hinder market growth.

Based on component, the healthcare analytics market is segmented into hardware, software, and services. The services segment is further segmented into support services and business analytics services.

In 2015, the services market is expected to witness the highest growth in the forecast period.

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