Healthcare Analytics Market Research Report

 

Healthcare Analytics Market:

Growth opportunities in the healthcare analytics market look promising over the next six years. This is mainly due to the growing adoption of sales & marketing applications and the rising prevalence of chronic diseases. Moreover, the shift from volume-based to value-based care is further driving the market growth.

Request for a FREE Sample Report on Healthcare Analytics Market

Healthcare Analytics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The factors driving the growth of the global healthcare analytics market include the increasing incidences of chronic diseases and the augmenting acquisition of marketing & sales applications. According to a report published by the World Bank, there has been a boost in chronic diseases, primarily in the developing countries, because of malnourishment, lack of physical activity, alcohol consumption, exposure to environmental pollution, and unhealthy diet pattern. The IDF analysis states that 56.3 million European adults were suffering from diabetes in 2013, counting to a total of 8.5% of the region's adult population. The number is further expected to rise to 68.9 million by the end of 2035. Also, the widespread outbreak of coronavirus has accelerated the adoption of these solutions. The Coronavirus dashboard of WHO indicated about 116 million confirmed cases as of 8 March 2021, with over 2 million deaths from COVID-19 across the world. This growth in coronavirus cases has supported people and healthcare organizations to opt for healthcare analytics solutions.

The remarkable change from volume-based to value-based, which is one of the evolving healthcare analytics market trends, which further contributes to the market growth. The accessibility of various pay-for-performance (P4P), pay-for reporting (P4R), and risk & revenue-sharing programs with providers raise the healthcare risks & requirements of the employees. Also, as per the healthcare analytics market report, there has been an expansion in funding amount to healthcare technology organizations for the enlargement of mHealth apps and big data and IoT penetration in various solutions. For instance, IBM and Oracle, in 2020, initiated blockchain to combine the data related to COVID-19 from the World Health Organization and CDC. This factor is paving the way for market growth.

However, the requirement of skilled professionals to store and analyze raw data may hamper market growth. The inadequate knowledge, expertise, skillset, and experience required to work in data analytics will curb the healthcare analytics market share.

Regional Drivers

Based on the regional coverage, North America is anticipated to lead the market during the forecast period owing to the increasing regulatory needs and value-based reimbursements, coupled with the growing adoption of electronic health records (EHRs).  The fuelling number of federal healthcare mandates to reduce healthcare costs & delivering quality care will raise the market share. Definitive Healthcare, in 2020, got into a partnership with ESRI to build a platform that permits monitoring and analysis of bed capacity in hospitals in the U.S. Thus, the intensifying adoption and use of healthcare analytics will propel the market demand.

Healthcare Analytics Market’s leading Manufacturers:

  • McKesson Corporation
  • IBM Corporation
  • Citiustech Inc.
  • Cerner Corporation
  • Amazon Web Services
  • Inovalon
  • Health Catalyst
  • COTIVITI, INC.
  • Allscripts Healthcare, LLC
  • Quantzig

Healthcare Analytics Market Segmentation:

Segmentation by Technology:

  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics

Segmentation by Application:

  • Clinical Data Analytics
  • Financial Data Analytics
  • Operational and Administrative Data Analytics

Segmentation by Deployment Mode:

  • On-Premise
  • Cloud

Segmentation by Region:

  • North America
    • United States of America
    • Canada

 

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 


Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to...
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m...
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B...
Read more