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Global Healthcare Analytics Market 2016 Share, Trend, Segmentation and Forecast to 2020

Tuesday, November 8, 2016 23:09
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(Before It's News)

The Global Healthcare Analytics Market was valued at USD 8.48 billion in 2015 and is projected to reach USD 23.8 billion by 2020, at a CAGR of 23.9% during the forecast period from 2014 to 2020. The healthcare analytics technology, which extensively uses data for quantitative and qualitative analysis, is undergoing an industry transformation from volume-based medicines and reimbursement to value-based medicines and reimbursement. Factors, such as the sudden emphasis on a more improved quality healthcare, reduced length-of-stay at hospitals, lower costs of health and medicine, and fraud detection, are some of the primary demands of payers of this technology. Additionally, higher incentives for medicine, integration of big data in healthcare, and technological advancements, among others are some of the other drivers of this market. 

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The technology also has certain constraints to overcome, such as the wide gap between payers and providers in terms of operation and availability, the high cost of initial investments, and the lack of technical expertise and sufficient knowledge base. Data Integrity and safety is also a key concern. However, the technology has several opportunities as well. The introduction and implementation of Electronic Health Records (EHR), the rising investments in venture capital funds, and the implementation of trends in the medical-IT field, such as precision medicines, EHR, analytics-driven personalized medicines, clinical DSS, health and disease management, and so on. 
Some of the key benefits of healthcare analytics are the rapid exchange of information, clarity and transparency of information, time and cost efficiency, timely emergency/preventive care, and ease of handling a big volume of data. 
The global healthcare analytics market is segmented on the basis of Technology/Platform (Predictive Analytics, Prescriptive Analytics, and Descriptive Analytics), Application (Clinical Data Analytics, Financial Data Analytics, Administrative Data Analytics, and Research Data Analytics), Component (Software and Hardware), Deployment (On-premise Model and Cloud-based Model), End-User (Healthcare, Pharmaceuticals, Biotechnology, Academia, Research, and Others), and Geography (North America, South America Europe, Asia-Pacific, Middle east and Africa). 
Though the descriptive analytics segment accounts for the largest market share of 62.0% in the global healthcare technology, its market share is expected to decrease by 2020. The predictive analytics segment is expected to witness the highest CAGR globally during the forecast period. North America is expected to command the highest market revenue and is estimated to reach a market value of USD 15.7 billion by 2020. North America is also witnessing the highest growth rate with a CAGR of 26.0%, followed by Europe and Asia-Pacific. By application, the clinical analytics segment is forecasted to have the highest growth rate. Although the market growth of the cloud-based services segment is increasing substantially, the on-premise delivery system segment still accounts for the largest share due to its multi-vendor framework. This kind of architecture usually ensures safety of data and transactions from attacks. 
The major market players in this market are SAS, IBM Corporation, Tableau, Oracle, Optum, Inc. and Truven Health Analytics, Cerner Corporation, Metric Insights, Rapid Insights, Fuzzy Logix, and Information Builders, among others. The primary stakeholders of this technology are healthcare IT firms, healthcare analytics vendors, care organizations, health insurance providers, healthcare payers, healthcare providers, research firms, consultants, ambulatory services, and venture capitalists. 
Key Deliverables in the Study 
1. Market analysis for the Global Healthcare Analytics Market, with region specific assessments and competition analysis on global and regional scales 
2. Market definition along with the identification of key drivers and restraints 
3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale 
4. Extensively researched competitive landscape section with profiles of major companies along with their market shares 
5. Identification and analysis of the macro and micro factors that affect the global healthcare analytics market on both global and regional scales 
6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information 
7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market 
8. Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

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Key points in table of content

Introduction 
Study deliverables 
Market Definition 
Sizing Units 
Base Currency 
Review and Forecast period 
General Study Assumptions 
Research Methodology 
Introduction 
Analysis Methodology 
Econometric Forecast 
Research Assumptions 
Executive Summary 
Market Overview and Industry Trends 
Current Market Senario 
Healthcare Analytics Overview 
New Developments 
Industry Value chain analysis 
Porter’s Five Forces 
Bargaining Power of Suppliers 
Bargaining Power of Consumers 
Threat to new entrants 
Threat to substitute products and services 
Competitive Rivalry within the industry 
Drivers, Restraints, Opportunities, and challenges Analysis 
Market Drivers 
Government Healthcare policies 
Emergence of Big Data 
Progress in the outcome of Clinical Processes 
Increased focus on Data Collection and Analysis for better Customer Support 
Technological advancements 
Emergence of Social Media/ Rise is awareness 
Electronic Health Record (EHR) implementations 
Market Restraints 
Lack of technical expertise 
Data Integrity Issues 
Cost & Complexity of Software 
Hesitation of the medical industry 
Key Challenges 
Economic constraints 
Data confidentiality 
Current Opportunities in the Market 
Electronic Health Records (EHR) 
Analytics-driven Personalized Medicine 
Emergence of Precision Medicine 
Clinical Decision Support (CDS) 
Rising trends in Health Management and Disease Management 
Predictive modeling across multiple clinical conditions 
Shift from to value-based medicines and reimbursement 
Global Healthcare Analytics Market, by Type 
Predictive Analytics 
Prescriptive Analytics 
Descriptive Analytics 
Others 
Global Healthcare Analytics Market, by Application 
Clinical Data Analytics 
Quality Healthcare 
Client Relationship Management 
Professional Performance Evaluation 
Reducing the incidence of medical errors 
Others 
Financial Data Analytics 
Risk Management Analytics 
Revenue Generation Analytics 
Insurance Claims Analytics 
Others 
Administrative Data Analytics 
Supply Chain Management Analytics 
HR Analytics 
Strategy Analytics 
Others 
Research Data Analytics 
Others 
Global Healthcare Analytics Market, by Component 
Hardware 
Software 
Others 
Global Healthcare Analytics Market, by Deployment 
On-Premise Model 
Cloud-Based Model 
Global Healthcare Analytics Market, by End User 
Healthcare 
Pharmaceuticals 
Biotechnology 
Academia 
Research 
Others 
Global Healthcare Analytics Market, by Geography 
North America 
United States 
Canada 
Mexico 
Europe 
Germany 
United Kingdom 
France 
Italy 
Spain & Portugal 
Scandinavia 
BENELUX 
Asia-Pacific (APAC) 
China 
Japan 
India 
Australia & Newzealand 
South Korea 
Rest of APAC 
Middle-East and Africa (MEA) 
GCC 
Egypt 
Morocco 
Algeria 
South Africa 
Rest of MEA 
South America 
Brazil 
Argentina 
Rest of Latin America 
Competitive Landscape 
Merger and acquisition analysis 
New Product Launches 
Agreements, Collaborations and Parterships 
Key Vendor Analysis 
SAS 
IBM 
Tableau Software 
Oracle 
Cerner Corporation 
Metric Insights 
Rapid Insights 
Fuzzy Logix 
Kyruus 
Mckesson Corporation 
Information Builders 
Precision Software 
Paradigm 
Optum 
Truven Health Analytics 
Analyst outlook for Investment opportunities 
Future Outlook of the market 

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Contact US:

NORAH TRENT

Partner Relations & Marketing Manager

sales@wiseguyreports.com

Ph: +1-646-845-9349 (US)

Ph: +44 208 133 9349 (UK)           

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