(Health-NewsWire.Net, December 23, 2016 ) According to the report Healthcare Analytics Market, published by Market Data Forecast, the global market is projected to reach USD 17.62 Billion by 2020, at a CAGR of 25.41% from 2015 to 2020.
For full report refer to http://www.marketdataforecast.com/market-reports/global-healthcare-analytics-market-45/
Increased healthcare mandates worldwide, rise in adoption of IT in healthcare sector, the emergence of big data, developments in the fields of prescriptive, predictive analytics, the digitization of world commerce, and capital investments are fuelling the market growth of this sector. However, security concerns, issues with confidentiality of the data, technological and cultural barriers at the data source point, and unavailability of skilled workforce are limiting the growth of this industry. Furthermore, associated hurdles in creating global analytics network due to the political and economic barriers between countries are posing as serious challenge to the development of healthcare analytics market.
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Besides, operational advantages to the healthcare industry in terms of consolidation of the health records and revenue management cycle, there are more than a few other domains where healthcare analytics can be used effectively.
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The Healthcare analytics market is segmented as following:
Based on Type: Predictive Analytics Descriptive/Retrospective Analytics Prescriptive Analytics Based on Application: Financial Analytics Clinical Analytics Operational & Administrative Analytics Based on End-user: Public Health Systems Healthcare Providers Private Healthcare Providers Monitoring Agencies Health Insurance companies Clinical and Medical Research Bodies Technology Vendors Geographical Segmentation: North America Healthcare Analytics Market Europe Healthcare Analytics Market Asia-Pacific Healthcare Analytics Market Latin-America Healthcare Analytics Market Middle-East & Africa Healthcare Analytics Market
The major companies operating in Healthcare Analytics market are SAS Institute, Inc. (U.S), Optum Inc (U.S.), IBM Corporation (U.S.), Truven Health Analytics Inc. (U.S.), Cerner Corporation (U.S.), Verisk Analytics, Inc.(U.S.), McKesson Corporation (U.S.), Allscripts Health Solutions (U.S.), Oracle Corporation (U.S.),and MedeAnalytics (U.S.).
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The Healthcare Analytics Market study offers the following deliverables: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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