A dependable Healthcare Analytics Market report gives information about company profile, product specifications, capacity, production value, and market shares for each company for the year 2023 to 2030 under the competitive analysis study. Under market segmentation, research and analysis is done based on several market and industry segments such as application, vertical, deployment model, end user, and geography. The report focuses on many aspects related to Healthcare Analytics Market industry and market. Some of these strategies are new product launches, expansions, agreements, partnerships, joint ventures, and acquisitions. Before presenting Healthcare Analytics Marketing report to the end users, all the information is assessed and validated by the expert team members.
A high quality Healthcare Analytics Market report is structured with full commitment and transparency in research about Healthcare Analytics Market industry. The report presents with the CAGR value fluctuations for the specific forecasted period which helps decide costing and investment strategies. In this competitive market place, businesses are always in struggle to seek better solutions in terms of product trends, future products, marketing strategy, future events, actions or behaviours. This market analysis offers an examination of various segments that are relied upon to witness the quickest development amid the estimated forecast frame. All the statistical data and information involved in the large scale Healthcare Analytics Market report is characterized properly by using several charts, graphs or tables.
Explore Further Details about This Research Healthcare Analytics Market Report https://www.databridgemarketresearch.com/reports/global-healthcare-analytics-market
In recent years, healthcare analytics market has become one of the significant needs across health systems. Healthcare analytics has brought several changes in the healthcare industry across various regions. Many programs, actions and federal policies were initiated by the governments to experience progress in healthcare services.
- Global Healthcare Analytics Market was valued at USD 18.32 billion in 2021 and is expected to reach USD 145.20 billion by 2029, registering a CAGR of 24.58% during the forecast period of 2022-2029.The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Healthcare Analytics Market Definition
Healthcare analytics assist healthcare professionals in finding opportunities to enhance patient engagement, clinical outcomes, patient engagement and care delivery. Healthcare analytics solutions make use of the vast amounts of collected data for offering organizations with actionable insights.
Some of the major players operating in the healthcare analytics market are IBM (US), Wipro Limited (India), Allscripts Healthcare, LLC (US), Cerner Corporation (US), Health Catalyst (US), Inovalon (US), McKesson Corporation (US), MEDEANALYTICS, INC. (US), Optum, Inc. (US), Oracle (US), SAS Institute Inc. (US), ExlService Holdings, Inc. (US), CitiusTech Inc. (US), IQVIA (US), and GENERAL ELECTRIC (US), among others.
Healthcare Analytics Market Dynamics
- The increase in the cost of operations and the decline in reimbursements for laboratory services
The surge in the cost of various medical procedures, along with the reduction in reimbursements for laboratory services, accelerate the demand for healthcare interoperability solutions across healthcare providers and healthcare payers.
- Government investments for healthcare interoperability
The increase in the funding by the federal government to drive the adoption of these solutions further influence the market.
- Regulatory Compliance
Maintaining compliance with medical reforms and regulations raises the demand for these solutions.
- The rise in the adoption of electronic health records (EHR)
It is a challenge to store the bulk data generated by the electronic health records (EHR) on the local storage devices due to the risk associated with the loss of essential data. Hence, deploying these healthcare analytics in the healthcare sector becomes critical to enable easy sharing and storage of big data.
Global Healthcare Analytics Market Scope and Market Size
The healthcare analytics market is segmented on the basis of type, component, delivery model, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Prescriptive Analytics
- Predictive Analytics
- Descriptive Analytics
On the basis of type, the market is segmented into prescriptive analytics, predictive analytics and descriptive analytics.
Component
- Services
- Software
- Hardware
On the basis of component, the market is segmented into services, software and hardware. The services segment is sub-segmented into support services and business analytics services.
Delivery Model
- On-Demand
- On Premise
On the basis of delivery model, the market is segregated into on-demand and on premise.
Application
- Clinical Analytics
- Population Health Analytics
- Operational and Administrative Analytics
- Financial Analytics
On the basis of application, the market is segmented into clinical analytics, population health analytics, operational and administrative analytics and financial analytics. The clinical analytics segment is sub-segmented into quality improvement and clinical benchmarking, clinical decision support, regulatory reporting and compliance, comparative analytics/ effectiveness and precision health. The financial analytics segment is sub-segmented into claims processing, revenue cycle management (RCM), payment integrity and fraud, waste, and abuse (FWA) and risk adjustment and risk assessment. The operational and administrative analytics segment is sub-segmented into supply chain analytics, workforce analytics, enterprise performance, supply chain analytics, market intelligence, research analytics and strategic analytics. The population health analytics segment is sub-segmented into population risk management, population care management, patient engagement, clinical outcome management and activity-based costing.
End User
- Healthcare Payers
- Healthcare Providers
- ACOS
- HIES
- MCOS
- TPAS
On the basis of end user, the market is segmented into healthcare payers, healthcare providers and ACOS, HIES, MCOS, and TPAS.
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Regional Analysis/Insights
- The Healthcare Analytics Market is analyzed and market size insights and trends are provided by country, component, products, end use and application as referenced above.
- The countries covered in the Global Healthcare Analytics Marketreportare U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
- North America dominatesthe Healthcare Analytics Market because of the region's high prevalence Healthcare Analytics Market
- Asia-Pacific is expectedto witness significant growth during the forecast period of 2022 to 2029 due to the focus of various established market players to expand their presence and the rising number of surgeries in this particular region.
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Healthcare Analytics Market research report.
- Interaction with research scientists and development heads to understand the nature of the Healthcare Analytics Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Healthcare Analytics Market size
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