Healthcare Analytics Market growth is driven by federal healthcare mandates encouraging adoption of HCIT solutions to curb rising healthcare costs; benefits associated with use of analytics; increasing HCIT adoption; availability of big data in healthcare; technological advancements; & increase in venture capital investments.
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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 growth of this market include increasing government initiatives to enhance EHR adoption, rising pressure to curb healthcare spending & need for improved patient outcomes, availability of big data in healthcare, rise in venture capital investments, & technological advancements.
Healthcare Analytics Market, by Application
- Clinical Analytics
- Financial Analytics
- Revenue Cycle Management (RCM)
- Risk Adjustment
- Operational and Administrative Analytics
- Supply Chain Management
- Workforce Management
- Strategic Analysis
- Population Health Analytics
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.
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.reportsnreports.com/reports/20…asts-to-2017.html .
Healthcare analytics market is categorized on basis of type, application, component, delivery model, end user, and region. Based on type, market is categorized into descriptive, predictive and prescriptive analytics.
The prescriptive analytics segment is poised to grow at highest CAGR during the forecast period due to its ability to ensure synergistic integration of predictions and prescriptions.
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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Report provides an overview of healthcare analytics market. It aims at estimating market size and future growth potential of this market across different segments such as type, application, component, delivery model, end user, and region.
Report also includes an in-depth competitive analysis of the key players in market along with their company profiles, recent developments, and key market strategies.
Key Benefits of Getting the Report:
The report also helps stakeholders understand the pulse of the market and provide them with information regarding key market drivers and opportunities. The report will help the market leaders/new entrants in this market by providing them with the closest approximations of revenues for the overall healthcare analytics market and its subsegments.