Healthcare Analytics Global Market - Forecast to 2020
25 Sep, 2014, 14:34 BST
DUBLIN, Sept. 25, 2014 /PRNewswire/ --Research and Markets has announced the addition of the "Healthcare Analytics Global market - Forecast to 2020" report to their offering.
The analytics assist the healthcare organizations in reducing the hospitals stays of patients, meeting regulatory compliance, enhanced quality care, prevention of chronic diseases, and fraud detection. Global healthcare analytics market is segmented into products, applications, components, delivery modes, and end users. Products market is further categorized into alienated into descriptive, predictive and prescriptive analytics. Component is alienated into hardware, software and services. Mode of delivery is classified into on-promise, web-hosted and cloud-based models. Depending on the end users, the healthcare analytics market is alienated into healthcare and others.
This report studies the global healthcare analytics market over the forecast period 2014 to 2019. The market is expected to grow at a CAGR of more than 25% during the forecast period. Factors such as increasing healthcare IT adoption, centralized healthcare mandates across the globe, emerging fields of predictive, prescriptive analytics and venture capital investments are driving the market growth. In addition, the digitization of world commerce, the emergence of big data, and increase in the number of advanced technologies are providing the growth opportunities. On the other hand, some factors hampering the growth of the healthcare analytics market include lack of skilled labor with analytical skills, data securing, and patient data privacy.
North America accounts for the largest share of the healthcare analytics market driven by the U.S. centralized healthcare mandates such as Meaningful Use, ICD-10 implementation, and The Patient Protection and Affordable Care Act (PPACA). These initiatives assist to improve the acceptance of Electronic Health Records (EHRs) and Healthcare Information Exchange (HIE), thus improving the usage of analytics to influence the generated data. The European market is expected to be the second largest market, growing at a lower rate mainly due to the economic crisis. The Asian market is fairly new to medical analytics; however, the increasing IT skills, outsourcing trend and healthcare IT adoption will force this market to grow.
The healthcare analytics market is a fragmented market with key players such as IBM Corporation (U.S.), Truven Health Analytics, Inc. (U.S.), Oracle Corporation (U.S.), Optum, Inc. (U.S.), McKesson Corporation (U.S.), SAS Institute, Inc. (U.S.), LexisNexis Risk Solutions (U.S.), Inovalon, Inc. (U.S.), Verisk Health, Inc. (U.S.), Predixion Software (U.S.), iHealth Analytics, Inc. (U.S.), Predilytics (U.S.), MedeAnalytics, Inc. (U.S.), and Cerner Corporation (U.S.) along with others.
The report provides an in depth market analysis of the above mentioned segments across the following regions:
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
Key Topics Covered:
1. Executive Summary.
2. Introduction.
3. Market Analysis.
4. Global Healthcare Analytics Market, By Tool Type.
5. Global Healthcare Analytics Market, By Application.
6. Global Healthcare Analytics Market, By Component.
7. Healthcare Analytics Market, By Delivery Mode.
8. Global Healthcare Analytics Market, By End-User.
9. Regional Market Analysis.
10. Company Developments.
11. Major Player Profiles.
Companies Mentioned:
- Allscripts Healthcare Solution
- Cerner
- Epic Systems
- Ibm
- Information Builders
- Mckesson
- Medeanalytics
- Optum
- Oracle
- Truven
For more information visit http://www.researchandmarkets.com/research/dgxhgp/healthcare
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
SOURCE Research and Markets