1. Market Research
  2. > Healthcare Market Trends
  3. > Global Healthcare Providers Analytics Market – Growth, Trends & Forecast To 2020

The Global Healthcare Analytics Market was valued at USD 8.48 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 and Hardware), Deployment (On-premise Model and Cloud-based Model), End-User (Healthcare, Pharmaceuticals, Biotechnology, Academia, Research, and Others), and Geography (North America, South America Europe, Asia-Pacific, Middle east and Africa).

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.


Key Deliverables in the Study
1. Market analysis for the Global Healthcare Analytics Market, with region specific assessments and competition analysis on global and regional scales
2. Market definition along with the identification of key drivers and restraints
3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
4. Extensively researched competitive landscape section with profiles of major companies along with their market shares
5. Identification and analysis of the macro and micro factors that affect the global healthcare analytics market on both global and regional scales
6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
8. Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Table Of Contents

Global Healthcare Providers Analytics Market - Growth, Trends and Forecast To 2020
Introduction
Study deliverables
Market Definition
Sizing Units
Base Currency
Review and Forecast period
General Study Assumptions
Research Methodology
Introduction
Analysis Methodology
Econometric Forecast
Research Assumptions
Executive Summary
Market Overview and Industry Trends
Current Market Senario
Healthcare Analytics Overview
New Developments
Industry Value chain analysis
Porter's Five Forces
Bargaining Power of Suppliers
Bargaining Power of Consumers
Threat to new entrants
Threat to substitute products and services
Competitive Rivalry within the industry
Drivers, Restraints, Opportunities, and challenges Analysis
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
Key Challenges
Economic constraints
Data confidentiality
Current Opportunities in the Market
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
Global Healthcare Analytics Market, by Type
Predictive Analytics
Prescriptive Analytics
Descriptive Analytics
Others
Global Healthcare Analytics Market, by 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
Global Healthcare Analytics Market, by Component
Hardware
Software
Others
Global Healthcare Analytics Market, by Deployment
On-Premise Model
Cloud-Based Model
Global Healthcare Analytics Market, by End User
Healthcare
Pharmaceuticals
Biotechnology
Academia
Research
Others
Global Healthcare Analytics Market, by Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain and Portugal
Scandinavia
BENELUX
Asia-Pacific (APAC)
China
Japan
India
Australia and Newzealand
South Korea
Rest of APAC
Middle-East and Africa (MEA)
GCC
Egypt
Morocco
Algeria
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of Latin America
Competitive Landscape
Merger and acquisition analysis
New Product Launches
Agreements, Collaborations and Parterships
Key Vendor Analysis
SAS
IBM
Tableau Software
Oracle
Cerner Corporation
Metric Insights
Rapid Insights
Fuzzy Logix
Kyruus
Mckesson Corporation
Information Builders
Precision Software
Paradigm
Optum
Truven Health Analytics
Analyst outlook for Investment opportunities
Future Outlook of the market




















































































View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
2016 Virology and Bacteriology Analyzers and Reagents in 33 Countries: Supplier Shares and Strategies, Sales and Segment Forecasts for 100 Microbiology Tests, Technology Trends, Opportunities for Suppliers

2016 Virology and Bacteriology Analyzers and Reagents in 33 Countries: Supplier Shares and Strategies, Sales and Segment Forecasts for 100 Microbiology Tests, Technology Trends, Opportunities for Suppliers

  • $ 54501
  • Industry report
  • October 2016
  • by Venture Planning Group

This unique 33-country survey from VPGMarketResearch.com contains over 2,100 pages, 875 tables and provides data and analysis not available from any other published source. The survey is designed to assist ...

2016 Infectious Disease Testing Analyzers and Reagents in 33 Countries: Supplier Shares and Strategies, Sales Segment Forecasts for 100 Microbiology Tests, Technology Trends, Opportunities for Suppliers

2016 Infectious Disease Testing Analyzers and Reagents in 33 Countries: Supplier Shares and Strategies, Sales Segment Forecasts for 100 Microbiology Tests, Technology Trends, Opportunities for Suppliers

  • $ 54501
  • Industry report
  • October 2016
  • by Venture Planning Group

This unique 33-country survey from VPGMarketResearch.com contains over 2,100 pages, 875 tables and provides data and analysis not available from any other published source. The survey is designed to assist ...

2016 Microbiology Analyzers and Reagents in 33 Countries: Supplier Shares and Strategies, Sales Segment Forecasts for 100 Molecular Diagnostic, Microbial Identification, Antibiotic Susceptibility, Blood Culture, Urine Screening, and Immunodiagnostic Tests

2016 Microbiology Analyzers and Reagents in 33 Countries: Supplier Shares and Strategies, Sales Segment Forecasts for 100 Molecular Diagnostic, Microbial Identification, Antibiotic Susceptibility, Blood Culture, Urine Screening, and Immunodiagnostic Tests

  • $ 47500
  • Industry report
  • October 2016
  • by Venture Planning Group

This new 33-country survey from VPGMarketResearch.com contains over 1,000 pages and 550 tables, and provides granular data and analysis not available from any other published source. The survey is designed ...


ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.