Healthcare Analytics Marketis segmented into on-premise and on-demand models. In 2019, the on-premise models segment is expected to account for largest share of healthcare analytics market. This can be attributed to easily customizable nature of on-premise solutions, as compared to on-demand models. Market for financial analysis expected to register significant growth during forecast period.
The Healthcare Analytics Market is expected to reach USD 50.5 billion by 2024 from USD 14.0 billion in 2019, at a CAGR of 28.3% during the forecast period.Increasing government initiatives to increase EHR adoption, growing pressure to curb healthcare costs, availability of big data in healthcare, increasing venture capital investments, rising focus on improving patient outcomes, and technological advancements are driving the growth of the healthcare analytics market.
New Study Added on healthcare analytics market dominated by clinical analytics, financial analytics, operational and administrative analytics, and population health analytics. Financial analytics market segmented into revenue cycle management. Access Sample Papers of Healthcare Analytics Market with 257 Pages and 15 Company Profiles along with Table 231 and 43 Figures Now at http://www.rnrmarketresearch.com/contacts/request-sample?rname=63364
Top Company Profiles including Allscripts Healthcare Solutions, Cerner, Cotiviti (Verscend Technologies), Citiustech, Health Catalyst, IBM, Inovalon, Mckesson, Medeanalytics, Optum, Oracle, SAS Institute Inc., SCIO Health Analytics (An EXL Company), Vitreoshealth, Wipro
Factors such as government initiatives to increase EHR adoption, growing venture capital investments, growing pressure to curb healthcare spending and improve patient outcomes, the emergence of big data in healthcare, and the rising importance of real-world evidence are expected to drive the growth of the market.
Report provides an overview of healthcare analytics market. It aims at estimating market size and future growth potential of this market across different segments like type, application, component, delivery model, end user, and region. Furthermore, report also includes an in-depth competitive analysis of key players in market along with their company profiles, recent developments, and key market strategies.
Recent Developments:
Get 20% Discount on Healthcare Analytics Market by Type (Predictive, Prescriptive, Cognitive) Application (Clinical, RCM, Claim, Fraud, Waste, Supply Chain, PHM) Component (Service, Software) Delivery (On-demand, Cloud) End User (Payer, Hospital) Global Forecast to 2024 at http://www.rnrmarketresearch.com/contacts/discount?rname=63364
Report higlighted by application, healthcare analytics market has been segmented into financial analytics, clinical analytics, operational and administrative analytics, and population health analytics. The financial analytics segment is estimated to dominate the market in 2019, due to a rising focus of payers on the early detection of fraud and reducing preventable costs.
Table of Contents in Healthcare Analytics Market Report:
1 Introduction1.1 Objectives of the Study1.2 Market Definition1.3 Market Scope1.3.1 Markets Covered1.3.2 Years Considered for the Study1.4 Currency1.5 Limitations1.6 Stakeholders
2 Research Methodology2.1 Research Data2.1.1 Secondary Sources2.1.1.1 Key Data From Secondary Sources2.1.2 Primary Resources2.1.2.1 Key Data From Primary Sources2.1.2.2 Key Industry Insights2.2 Market Size Estimation2.3 Market Breakdown and Data Triangulation2.4 Ranking of Key Players2.5 Assumptions for the Study
3 Executive Summary
4 Premium Insights4.1 Healthcare Analytics Market Overview4.2 Global Market, By Type, 2019 vs 2014 (USD Billion)4.3 Global Market, By Component, 2019 vs 2014 (USD Billion)4.4 Global Market, By Delivery Model4.5 Financial Analytics Market Share, By Type and Region (2019)4.6 Global Market, By End User, 2019 vs 2024 (USD Billion)4.7 Global Market, By Region
5 Market Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Government Initiatives to Increase EHR Adoption5.2.1.2 Growing Venture Capital Investments5.2.1.3 Growing Pressure to Curb Healthcare Spending and Improve Patient Outcomes5.2.1.4 Big Data in Healthcare5.2.1.5 Growing Focus on Real-World Evidence5.2.2 Restraints5.2.2.1 High Cost of Analytics Solutions5.2.3 Opportunities5.2.3.1 Increasing Focus on Value-Based Medicine5.2.3.2 Use of Analytics in Precision and Personalized Medicine5.2.3.3 Cloud-Based Analytics5.2.3.4 Increasing Number of Patient Registries5.2.3.5 Emergence of Social Media and Its Impact on the Healthcare Industry5.2.3.6 Augmented Analytics5.2.3.7 Analytics of Healthcare Things5.2.4 Challenges5.2.4.1 Patient Data Confidentiality5.2.4.2 Concerns Regarding Inaccurate and Inconsistent Data5.2.4.3 Reluctance to Adopt Healthcare Analytics in Emerging Countries5.2.4.4 Data Integration5.2.4.5 Operational Gaps Between Payers and Providers5.2.4.6 Dearth of Skilled Personnel
6 Market for Healthcare Analytics, By Type6.1 Introduction6.2 Descriptive Analytics6.2.1 Descriptive Analytics are Used to Convert Past Data Into Useful Information6.3 Predictive Analytics6.3.1 Increasing Incidence of Healthcare Fraud is Driving the Market for Predictive Analytics6.4 Prescriptive Analytics6.4.1 Prescriptive Analytics to Register Highest Growth Rate During the Forecast Period6.5 Cognitive Analytics6.5.1 Vendors are Focusing on Introducing Ai-Driven Analytics Solutions
7 Market for Healthcare Analytics, By Component7.1 Introduction7.2 Services7.2.1 Support Services7.2.1.1 Support Services Include Implementation, Ongoing It Support, System Integration, Training, and Maintenance Services.7.2.2 Business Analytics Services7.2.2.1 Business Analytics Services Help Healthcare Organizations to Optimize the Use of Analytics and Drive Performance Improvement7.3 Software7.3.1 Healthcare Analytics Software Works as an Interface Between Database and End Users7.4 Hardware7.4.1 Increasing Adoption of Cloud Servers is Expected to Hinder the Growth of the Hardware Market for Analytics
8 Market for Healthcare Analytics, By Delivery Model8.1 Introduction8.2 On-Premise Delivery Model8.2.1 On-Premise Delivery Models Offer Multivendor Architecture, Which Lowers the Risk of Data Breaches and External Attacks8.3 On-Demand Delivery Models8.3.1 Increasing Volume of Data Generated Across the Healthcare Provider Industry to Drive the Adoption of On-Demand Models
9 Market for Healthcare Analytics, By Application9.1 Introduction9.2 Financial Analytics9.2.1 Claims Processing9.2.1.1 Need to Improve Claims Response Time and Avoid Fraudulent Claims Will Support the Use of Analytics Tools9.2.2 Revenue Cycle Management (RCM)9.2.2.1 Healthcare Organizations are Rapidly Adopting Predictive Analytics Solutions for Proactive Decision-Making9.2.3 Payment Integrity and Fraud, Waste, and Abuse (FWA)9.2.3.1 Implementation of Icd-10 Code Sets and Adoption of Fee-For-Value Systems Will Drive Market Growth9.2.4 Risk Adjustment and Assessment9.2.4.1 Risk Adjustment and Assessment Allow for Optimization of Cash Flows and Improved Financial Performance9.3 Clinical Analytics9.3.1 Quality Improvement and Clinical Benchmarking9.3.1.1 Benchmarking Allows for the Identification of Issues Which are Negatively Impacting Healthcare Systems9.3.2 Clinical Decision Support (CDS)9.3.2.1 Predictive Clinical Analytics Reduce Medical Errors and Ensure That Appropriate Tests are Performed, A Key Factor for Market Growth9.3.3 Reporting and Compliance9.3.3.1 Stringent Regulatory Requirements Have LED to the Need for Reporting and Compliance Solutions9.3.4 Comparative Analytics/Effectiveness9.3.4.1 Growing Adoption of EHRs to Provide Significant Growth Opportunities9.3.5 Precision Health9.3.5.1 Strong Government Support for Personalized Medicine is Likely to Drive Market Growth9.3.6 Medical Imaging Analytics9.3.6.1 Imaging Analytics Aided By Artificial Intelligence and Machine Learning is Rapidly Expanding Within the Healthcare It Industry9.4 Operational and Administrative Analytics9.4.1 Supply Chain Analytics9.4.1.1 Growing Requirement to Reduce Healthcare Costs Will Increase the Adoption of Supply Chain Analytics Solutions9.4.2 Workforce Analytics9.4.2.1 Need for Real-Time Resource Demand and Supply Data to Drive the Adoption of Workforce Analytics Solutions9.4.3 Strategic Analytics9.4.3.1 Strategic Analytics Uses Advanced Analytics Tools to Leverage Operational and Usage Data, A Key Advantage9.5 Population Health Analytics9.5.1 Population Health Analytics Improves Population Health Outcomes and Lowers Costs, A Key Factor for Market Growth
10 Market for Healthcare Analytics, By End User10.1 Introduction10.2 Payers10.2.1 Private Insurance Companies10.2.1.1 Private Insurance Companies to Account for the Largest Share of the Market for Payers in 201910.2.2 Government Agencies10.2.2.1 Increasing Use of Analytics Solutions By Government Agencies Will Boost the Market Growth10.2.3 Employers and Private Exchanges10.2.3.1 Private Exchanges and Employers Use Data Analytics for Rapid Data Integration, Health Plan Analysis, and Risk Modeling10.3 Providers10.3.1 Hospitals, Physician Practices, and IDNS10.3.1.1 The Adoption of Healthcare Analytics Solutions is the Highest in Large Hospitals10.3.2 Post-Acute Care Organizations (PACOS)10.3.2.1 PACOS are Focusing on Reviewing and Studying Patient Data With the Help of Healthcare Analytics10.3.3 Ambulatory Settings10.3.3.1 The Need to Control Healthcare Costs Will Drive the Growth of This End-User Segment in the Global Market10.4 ACOS, HIES, MCOS, and TPAS
11 Market for Healthcare Analytics, By Region11.1 Introduction11.2 North America11.2.1 US11.2.1.1 Adoption of EHRs to Drive the Global Market in the Us11.2.2 Canada11.2.2.1 Need for Managing Patient Volumes, Clinical Data, and Healthcare Costs Will Favor Market Growth11.3 Europe11.3.1 Germany11.3.1.1 Germany Dominates the Global Market in Europe11.3.2 UK11.3.2.1 Availability of Venture Capital Investments has Grown in the UK11.3.3 France11.3.3.1 Strong Financial Support for Digital Health Have Contributed to the Growth of Healthcare Analytics11.3.4 Rest of Europe11.4 Asia11.4.1 Japan11.4.1.1 Rise in Geriatric Population Will Increase the Demand for Effective Patient Management Solutions11.4.2 China11.4.2.1 Favorable Reforms and A Growing Number of EHRs Have Contributed to Market Growth in China11.4.3 India11.4.3.1 The HCIT Market in India is Still in the Nascent Stage11.4.4 Rest of Asia11.5 Pacific Countries11.5.1 Australia and New Zealand are Focusing on Reducing Healthcare Costs11.6 Latin America11.6.1 Many Latam Countries Have Undertaken Ehealth Initiatives11.7 Middle East and Africa11.7.1 High Healthcare Expenditure, Infrastructural Development Will Support the Use of HCIT Solutions in the Middle East
12 Competitive Landscape12.1 Overview12.2 Ranking of Key Players, 201812.3 Competitive Leadership Mapping12.3.1 Vanguards12.3.2 Dynamic Differentiators12.3.3 Innovators12.3.4 Emerging Companies12.4 Competitive Scenario12.4.1 Partnerships, Agreements, Collaborations, and Alliances12.4.2 Product Launches and Enhancements12.4.3 Acquisitions12.4.4 Expansions
13 Company Profiles(Introduction, Products and Services, Strategy, and Analyst Insights, Developments, MnM View)*13.1 Allscripts Healthcare Solutions13.2 Cerner13.3 Cotiviti (Verscend Technologies)13.4 Citiustech13.5 Health Catalyst13.6 IBM13.7 Inovalon13.8 Mckesson13.9 Medeanalytics13.10 Optum13.11 Oracle13.12 SAS Institute Inc.13.13 SCIO Health Analytics (An EXL Company)13.14 Vitreoshealth13.15 Wipro
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