PUBLISHER: Allied Market Research | PRODUCT CODE: 1032679
PUBLISHER: Allied Market Research | PRODUCT CODE: 1032679
Healthcare analytics is the process of analyzing healthcare data for predicting various different trends, diseases and even managing the spread of diseases. The field covers a broad range of businesses and offers insights on both the macro and micro level. It can reveal paths to improve patient care quality, clinical data, diagnosis, and business management. In addition to this, various healthcare organizations are using analytics solutions for predicting patients with high risk and providing emergency treatment for the patient, which is driving the growth of the market. Furthermore, healthcare analytics solutions also provide real-time updates that help doctors to deliver better descriptive decisions.
Rise in adoption of big data in healthcare organizations and surge in government initiatives to increase the adoption of electronic health records (EHRs) among healthcare organizations boost the growth of the market. In addition, pressure among the healthcare organizations to curb the unnecessary expenses positively impacts the growth of the market. However, factors such as high implementation cost and lack of skilled labors is expected to hamper the market growth. On the contrary, use of cloud-based analytics across various healthcare providers and rise in adoption of augmented analytics among the healthcare industry is expected to offer remunerative opportunities for the expansion of the market during the forecast period.
The global healthcare analytics market is segmented on the basis of application, component, deployment model, end user, type and region. Depending on application, it is fragmented into financial analysis, operational & administrative analysis and clinical analysis. By component, the market is categorized into hardware software and services. By deployment model, it is bifurcated as on-premise and on-demand. As per end user, the market is categorized into, healthcare payers, healthcare providers and others. On the basis of type, it is classified into descriptive analytics, predictive analytics, and prescriptive analytics. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the healthcare analytics market analysis are Allscript Healthcare Solution, Cerner Corporation, Health Catalyst, HMS(Vitreoshealth), IBM Corporation, McKesson Corporation, MedeAnalytics, Inc., Oracle Corporation, Optum, Inc., and SAS, Institute. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
By Application
By Component
By Deployment
By End User
By Type
By Region