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Healthcare Analytics Industry Overview, Size, Share, Trends, Analysis and Forecast to 2025 |The Insight Partners

Thursday, March 16, 2017 21:34
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The “Healthcare Analytics Industry report categories the global Industry by Technology, Applications and Geography” report provides a detailed overview of the major factors impacting the global Industry with the Industry share analysis and revenues of various sub segments.

Technological advancements such as Internet of Things (IoT), Big Data, Cloud Computing, and others have transformed the way industries perform their businesses. Healthcare is among one of those industries which are slowly adopting to new way of operations or digitization. Availability of Big Data in healthcare, has led to requirement for analytics and increasing in funding are the factors for growth in healthcare analytics Industry.

Developing countries will still have difficulties in adopting early to new technologies, few of the key factors which restrict the early adoption of analytics in healthcare will include limited awareness of the technologies, lack of skills to implement the solutions, poor infrastructure and cyber threats. Whereas, these technologies come associated with number of opportunities such as easy recoding and maintenance, centralized database, increasing investments, and others. These advancing technologies will bridge the gap between payers and providers, while befitting both in long run. Hence the growth of healthcare analytics is foreseen and estimated to increase by 2025.

The healthcare analytics Industry is broadly classified into segments such as type, application, deployment model, and geography. Application segment is further sub-divided into clinical analytics, financial analytics, and administrative analytics. Clinical analytics is growing and is estimated to hold the major share due to increasing amount of data being generated. Further types is divided into predictive analytics, prescriptive analytics and descriptive analytics. Some of the key trends of deploying this technology will vary with infrastructures, the healthcare analytics is deployed in two models, namely on-premise and on-demand delivery.

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There are two major stake holders in healthcare industries such as payers and healthcare service providers, the payers include government agencies, insurance company, employers, and private agencies. While the service providers are classified into to hospitals, physicians, pharmaceuticals and others. The global healthcare analytics Industry is also segmented on the basis of regions into North America, Europe, Asia Pacific, South America and Middle East & Africa. North America is leading with major share in the Industry followed by APAC and Europe. The increasing adoption for digitization and mHealth concepts in developing regions such as APAC will pave the path for healthcare analytics Industry will change the dimension of healthcare industry in coming years.

Some of the key Industry players include SAS, IBM Corporation, Tableau, Oracle Corporation, Optum, Inc. and Truven Health Analytics, Inovalon,Inc., Mckesson Corporation, Medeanalytics, Verisk Analytics, Inc. among others. Some of the key stake holders healthcare analytics Industry include MNC`s, healthcare analytics vendors, hospitals, health insurance companies, research agencies, consultants, investors and venture capitalists.

Reason to buy

  • Highlights widely used product offerings thereby allowing organizations to gain revenues by focusing majorly on select products 
  • The key findings and recommendations highlight crucial progressive industry trends in the Healthcare Analytics Industry, thereby allowing players across the value chain to develop effective long term strategies 
  • Get reliable information about the strategies manufacturers in this Industry use to drive revenue 
    Gain insights into the competitive landscape, to strengthen Industry competitiveness and positioning 
  • Highlights key business priorities in order to assist companies to realign their business strategies 
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging Industries 
  • Scrutinize in-depth global Industry trends and outlook coupled with the factors driving the Industry, as well as the those hindering it 
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution 
  • Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition

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About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.

Contact Us: 
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

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