Healthcare Analytics Market is expected to reach USD 42.4 Billion by 2024 from USD 7.1 Billion in 2016 at a CAGR of 29.1%.
This is a comprehensive global report focused on the current and future prospects of the Healthcare Analytics Market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. An in-depth analysis of past trends, future trends, demographics, technological advancements, and regulatory requirements for the Healthcare Analytics Market has been done in order to calculate the growth rates for each segments and sub-segments.
Healthcare analytics market
Healthcare Analytics Market growth is primarily driven by rising need for less cost healthcare facilities, high demand for efficient healthcare provider, increasing demand precision medicines, rising clinical research, safeguarding the healthcare data. Other factors such as, increasing adoption disease detection technologies including CT scans, MRI scans and PAC also drive the market for Healthcare analytics through the forecast period.
Healthcare Analytics Market Overview, By Region
North America had the highest market share in 2016. This is primarily due to rising investment on the healthcare infrastructures, and adoption of various advanced technologies in the region. Other factors such as daily track of the electronic health records, increasing small firms which provide the healthcare analytics also drive the market through the forecast period.
Healthcare Analytics Market Overview, By Types
Healthcare Analytics Market
Descriptive analytics had the highest market in 2016. Healthcare Analytics Market is driven primarily due to rising demand for future insights in the healthcare sector. Descriptive method acts as a precautionary for all the works done in the healthcare sector and thus, drive the market through the forecast period.
Healthcare Analytics Market Overview, By Component
Software segment is expected to account for higher market share in 2016. This market is driven by increased demand big data analytic software in the medical field and increasing companies which provide the software services for the analytics in the medical field. Continuous innovation in the analytic software’s of the healthcare sector also drive the market through the forecast period.
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Healthcare Analytics Market Overview, By Delivery Mode
On-premise delivery mode had the highest market share in 2016. This is primarily due to rising demand for analytics for day to day transactions, such as, workers attendance, checking the number of patients, and keeping track of monetary transaction.
Healthcare Analytics Market Overview, By Applications
Financial application had the highest market share in 2016. This is primarily due to increasing demand for healthcare sector, rising costs of the healthcare products, and the demand for qualified patient care units.
Healthcare Analytics Market Overview, By End-Use
Healthcare providers had the highest market share in 2016. This is primarily due to rising demand for various surgeries, increasing healthcare units throughout the globe, and the rise in disposable income of people which can be spent in hospitals.
Healthcare Analytics Market Overview, By Market Players
Increasing healthcare expenditure by all the regions also drive the market for Healthcare Analytics through the forecast period. Some of the companies operating in Healthcare Analytics Market are Cognizant, Verisk Health, Health Catalyst, MedAssets, McKesson Corporation, Truven Health Analytics, and IBM.
Healthcare Analytics Market Background
Developing countries such as China, and India are increasing their investments for the healthcare sectors. Other private organizations in the developing countries also investing on the healthcare infrastructures. These factors drive the market for Healthcare Analytics through the forecast period.
- By Type
- By Component
- By Delivery Mode
- By Application
o Operational and Administrative
- By End-Use
o Healthcare Payers
o Healthcare Providers
The above data will be provided for following regions/countries from 2013-2024 (USD Million)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
o South Africa
o Saudi Arabia
What information is covered in report?
- Actual market numbers from 2013-2017, estimates and forecasts from 2018 to 2024
- Detailed market segmentation and market share analysis of each segment
- Impact analysis of various drivers and trends
- Market segmentation and landscape
- Competitive landscape, 2017
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