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  3. > European Healthcare Analytics Market Growth, Trends & Forecast to 2020

The European market for Healthcare Analytics was valued at $1.52 billion in 2014 and is projected to reach $5.83 billion by the end of 2020, at a compound annual growth rate of 25.18% over the six year forecasted period. Healthcare analytics are highly used to understand the past trends & patterns of the data to predict and provide actionable insights to the ongoing buzz in the health care organizations and improve the quality and efficiency of the business processes and their performance. Generally the outcomes are used to provide the best-suited treatments, patients that are at high risk, disease patterns and others.

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.

Considerable spending on business intelligence tools, emergence of big data in the healthcare industry, increase in the R&D spend by the pharmaceutical & biotechnology organizations in the European region, rapid technological advances and emergence of social media and its impact on the healthcare industry are the major driving factors for the markets growth. However, stringent regulation implementation, data security risk, increased software expenses for upgradation, rising medical costs, costs & complexities if the software and healthcare providers in Europe being unsure of the advantages of spending on the big data are some of the factors hindering the growth of the market.

The European Healthcare Analytics market has been segmented on the basis of technology/platform (predictive analytics, prescriptive analytics, descriptive analytics and others), application (clinical data analytics, financial data analytics, administrative data analytics, research data analytics and others), components (hardware, software and services), mode of delivery (on-premise model, cloud based model, web hosted model and others) and end user ( healthcare, pharmaceuticals, biotechnology, academia and others).

Though the descriptive analytics segment accounts for the largest market share in the European healthcare technology, its market share is expected to decrease by 2020. The predictive analytics segment is expected to witness the highest CAGR over the six year forecasted period. 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 European market has also been geographically segmented into United Kingdom, Germany, France, Spain, Italy and Rest of Europe.

Some of the companies mentioned in the report are SAS, IBM, Oracle, Information Builders and Cerner Corporation. 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

Market analysis for the European healthcare analytics market, with country specific assessments and competition analysis on a country scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a country scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the European healthcare analytics market on a country scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
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
Insights on the major countries in which this industry is blooming and to also identify the regions that are still untapped

Table Of Contents

European Healthcare Analytics Market Growth, Trends and Forecast to 2020
1. Introduction

1.1 Study Deliverables

1.2 Market Definition

1.3 Sizing Untits

1.4 Base Currency

1.5 Review and Forecast Period Years

1.6 General Study Assumptions

2. Research Methodology

2.1 Introduction

2.2 Analysis Methodology

2.3 Econometric Forecast Model

2.4 Research Assumptions

3. Executive Summary

4. Market Outlook

4.1 Market Overview

4.2 Industry Value Chain Analysis

4.3 Industry Attractiveness - Porter's 5 Force Analysis

4.3.1 Bargaining Power of Suppliers

4.3.2 Bargaining Power of Consumers

4.3.3 Threat from new entrants

4.3.4 Threat from substitute products

4.3.5 Competitive rivalry within the industry

4.4 Market Drivers

4.5 Market Restraints

4.6 Market Opportunities

5. Europe Market Segmentation

5.1 Europe Healthcare Analytics Market, By Type

5.1.1 Technology/Platform Predictive Analytics Prescriptive Analytics Descriptive and Diagnostic Analytics Others

5.1.2 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

5.1.3 Component Hardware Software Services

5.1.4 Mode of Delivery On-Premise Model Cloud - Based Model Web-hosted Model Others

5.1.5 End User Healthcare Pharmaceuticals Biotechnology Academia Others Geography UK Germany France Spain Italy

5.1.6 Rest of Europe

6. Company Profiles

6.1 SAS

6.2 IBM

6.3 Oracle

6.4 Cerner Corporation

6.5 Fuzzy Logix

6.6 Kyruus

6.7 Information Builders

6.8 Paradigm4

7. Competitive Landscape

7.1 Mergers and Acquisitions

7.2 Agreements, Collaborations and Partnerships

7.3 New Product Launches

7.4 Recommendations to new market players

8 Future of healthcare analytics Market

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