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

Managed Print Services Market Size, Share, & Growth Analysis - 2020-2027

Image
  Managed Print Services Market The Managed Print Services Market is estimated to reach USD 70 billion by 2027, growing at a CAGR of 8.2% over the forecast period (2020-2027). The factors driving the growth of Managed Print Services Market includes digital transformation across the industry verticals such as Banking, Financial Services, and Insurance (BFSI), Healthcare and Telecommunication, emerging need to reduce paper wastage and growing trend of Bring Your-Own Device (BYOD). According to the report published by Environmental Paper Network, the consumption of paper worldwide has drastically increased by 400% over the last four decades, on an average a citizen in the United States uses more than 700 pounds of paper every year, which will boost the Managed Print Services Market Growth in the approaching years. Moreover, the growing adoption of Cloud Computing and Big Data Analytics by the major organizations, increasing investments by the leading players on research and development
Read more

Crypto Asset Management Market size, share & Trends Forecast 2028

Image
  The Crypto Asset Management Market was estimated around USD 315 million in 2020 and is predicted to grow at a CAGR of 21.1%, over the forecast period (2021-2028). The factors driving growth of the market includes rise in the number of institutional investors and wealth managers investing first time in crypto currency, surge in the volumes of online transactions around the world, emerging need to secure cryptocurrency assets, Government initiatives promoting digitalization and improvements in the living standards. Cryptocurrency asset management platforms allow investors to manage different wallets in one spot, simplifies the management of the developing crypto asset for seasoned traders, and helps users to increase their portfolio, are some of the features pushing the Crypto Asset Management Market size . Moreover, increasing adoption of cryptocurrency across industry verticals such as Healthcare, Retail and Commerce, BSFI, advancements in Internet of Things (IoT) and Artificial Inte
Read more

Liquefied petroleum gas Market Size, Share, Growth 2027

Image
  Liquefied Petroleum Gas Market The Liquefied Petroleum Gas Market is expected to grow at a faster CAGR over the forecast period (2020-2027). The factors driving the growth of Liquefied Petroleum Gas Market includes increasing use of liquefied petroleum gas as a substitute to fossil fuels, growing demand for natural gas and oil around the world and rising awareness amongst consumers about the benefits of liquefied petroleum gas. According to the report published by Statista, the Global Oil and Gas Storage Market was estimated around USD 929 million in 2019 and is expected to reach more than USD 1 billion by the end of 2026, which will boost the Global Liquefied Petroleum Gas Market in the approaching years. Moreover, growing emphasis on using cleaner sources of energy, increasing application of liquefied petroleum gas in households and restaurants for cooking and heating food and strict regulations imposed by Government reduce the carbon emission levels, are some of the additional fa
Read more