28.3% CAGR for Healthcare Analytics Market to 2024 – Overview by Clinical, Financial, Revenue Cycle Management, Operational Analytics
Healthcare analytics market study is focuses clinical analytics, financial analytics, operational & administrative analytics, & population health analytics. Financial analytics market is segmented into revenue cycle management; claims processing; payment integrity & fraud, waste and risk adjustment and risk assessment.
Pune, India – January 28, 2019 /MarketersMedia/ —
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 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 growth of healthcare analytics market.
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Key players in healthcare analytics market drives the growth are IBM Corporation (US), Optum, Inc. (US), Cerner Corporation (US), SAS Institute, Inc. (US), Allscripts Health Solutions (US), McKesson Corporation (US), MedeAnalytics, Inc. (US), Inovalon (US), Oracle Corporation (US), Health Catalyst (US), SCIO Health Analytics (US), Verscend Technologies, Inc. (US), CitiusTech, Inc. (US), Wipro Limited (India), and VitreosHealth (US).
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 healthcare analytics market.
#Table of Content
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Market for Healthcare Analytics, By Type
7 Market for Healthcare Analytics, By Component
8 Market for Healthcare Analytics, By Delivery Model
9 Market for Healthcare Analytics, By Application
10 Market for Healthcare Analytics, By End User
11 Market for Healthcare Analytics, By Region
12 Competitive Landscape
13 Company Profiles
14 Appendix
The healthcare analytics market is segmented into on-premise and on-demand models. In 2019, the on-premise models segment is expected to account for the largest share of the healthcare analytics market. This can be attributed to the easily customizable nature of on-premise solutions, as compared to on-demand models.
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North America to witness high growth during the forecast period. In 2017, North America is expected to account for the largest share of the market followed by Europe. This regional segment is expected to register the highest CAGR during the forecast period. The healthcare analytics market is segmented into clinical analytics, financial analytics, operational and administrative analytics, and population health analytics. Financial analytics market is segmented into revenue cycle management; claims processing; payment integrity and fraud, waste, & abuse (FWA); and risk adjustment and risk assessment.
List of companies profiled in the report
• Allscripts (US),
• Cerner (US)
• Health Catalyst (US)
• IBM (US)
• Inovalon (US)
• McKesson (US)
• MedeAnalytics (US)
• Optum (US)
• Oracle (US)
• SAS (US)
• Wipro (India)
• Verscend (US)
• CitusTech (US)
• VitreosHealth (US)
• SCIO Health (US)
On the basis of end user, the surgical retractors market has been segmented intohospitals, clinics, and surgical centers; ambulatory care centers; and maternity and fertility centers.Thehospitals, clinics, and surgical center end user segment is estimated to account for largest share in 2018dueto factors growing number of surgical procedures across the globe and growth in the number of hospitals, clinics and surgeons providing surgical treatments.
Order The “Healthcare Analytics/Medical Analytics Market by Type (predictive, prescriptive) Application (Clinical, RCM, Claim, Fraud, Waste, Supply Chain, PHM) Component (Service, Software) Delivery (On demand, Cloud) End User (Payer, Hospital, ACO) – Global Forecast to 2022” report @ https://www.reportsnreports.com/purchase.aspx?name=208654 .
Report highlighted by application, healthcare analytics market has been segmented into financial analytics, clinical analytics, operational & 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. The market for financial analysis is expected to register significant growth during the forecast period.
The primary interviews conducted for this report can be categorized as follows:
By Company Type – Tier 1: 37%, Tier 2: 22%, Tier 3: 41%
By Designation – C-level: 25%, D-level: 20%, Others: 55%
By Region – North America: 40%, Europe: 27%, Asia: 20%, RoW: 13%
The report provides an overview of the healthcare analytics market. It aims at estimating the market size and future growth potential of this market across different segments such as type, application, component, delivery model, end user, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
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