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The Global Healthcare Analytics Market was valued at USD 8.49 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.

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, Hardware, and Services), Deployment (On-premise Model and Cloud-based Model), End-User (Healthcare, Pharmaceuticals, Biotechnology, Academia, Research, and Others), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World).

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.

Table Of Contents

Global Healthcare Payers Analytics Market - Growth, Trends and Forecast To 2020
INTRODUCTION
Study deliverables
Market Definition
Sizing Units
Base Currency
Review and forecast period years
General Study Assumptions
RESEARCH METHODOLOGY
Introduction
Analysis Methodology
Econometric forecast models
Research Assumptions
EXECUTIVE SUMMARY
KEY INFERENCES
MARKET OVERVIEW AND INDUSTRY TRENDS
Current market scenario
Technology Overview
New developments in therapeutics
Investment analysis
Porters Five Force Analysis
Bargaining Power of suppliers
Bargaining power of buyers
Degree of competition
Threat of substitution
Threat of new entrants
DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES ANALYSIS (DROC)
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 and Complexity of Software
Hesitation of the medical industry
Market Opportunities
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
Key Challenges
Economic constraints
Data confidentiality

Global Healthcare Analytics Market By Type Segmentation
Technology/Platform
Predictive Analytics
Prescriptive Analytics
Descriptive Analytics
Others
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
Component
Hardware
Software
Services
Consulting
Deployment
On-Premise Model
Cloud-Based Model
End User
Healthcare
Pharmaceuticals
Biotechnology
Academia
Research
Others
Global Healthcare Analytics Market Segmentation, By Geography
North America
USA
Canada
Mexico

Europe
France
UK
Germany
Italy
Spain and Portugal
Scandinavia
BENELUX

Asia-Pacific
India
China
Japan
South Korea
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC
Egypt
Morocco
Algeria
South Africa
Rest of Middle East and Africa
Latin America
Brazil
Argentina
Rest of Latin America
COMPETITIVE LANDSCAPE
Mergers and Acquisitions
New Product Launches
Agreements, Collaborations and Partnerships
KEY VENDORS
SAS
IBM
Tableau Software
Oracle
Cerner Corporation
Metric Insights
Rapid Insights
Fuzzy Logix
Kyruus
Mckesson Corporation
Information Builders
Precision Software
Paradigm4
Optum
Truven Health Analytics
Analyst outlook for Investment Opportunities
Future outlook of the market
APPENDIX
Abbreviations
Bibliography
Disclaimer

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