Top Trends in Healthcare Analytics Market: Growth Rate Registered at 27.1% till 2021

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

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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.

Healthcare Analytics Market, By Type

1 Introduction

2 Descriptive Analytics

3 Predictive Analytics

4 Prescriptive Analytics

Healthcare Analytics Market, By Component

1 Introduction

2 Services

3 Support Services

4 Business Analytics Services

5 Software

6 Hardware

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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.).

Premium Insights

1 Healthcare Analytics: Market Overview

2 Healthcare Analytics Market, By Delivery Model

3 Healthcare Analytics Market, By Type

4 Asia Healthcare Analytics Market, By Application

5 Healthcare Analytics Market, By Component

6 Healthcare Analytics Market, By End User

7 Geographic Snapshot of the Healthcare Analytics Market