ReleaseWire

Global Healthcare Analytics Market to Grow at a Healthy CAGR of +20% by 2023 Profiling IBM Corporation, SAS Institute, Optum, Inc., Truven Health Analytics and More

Global healthcare analytics market is expected to Grow at a CAGR of +20% by 2023 This profiles companies like IBM Corporation, SAS Institute, Optum, Inc., Truven Health Analytics, Cerner Corporation, McKesson Corporation, Verisk Analytics, Inc., Oracle Corporation, Allscripts Health Solutions, MedeAnalytics, Inovalon, Inc., Health Catalyst

Posted: Friday, October 05, 2018 at 8:00 AM CDT

New York, NY -- (SBWire) -- 10/05/2018 --The primary goal of medical analysis is to help healthcare professionals make and execute rational decisions that are data-driven, transparent, demonstrable, and robust. Increased demands on patient transparency in healthcare decisions require advanced analysis in organizations seeking ways to manage costs while improving quality of care.
The demand for rising medical care, increased demand for care quality improvement, implementation of affordable medical practices, value-based therapy trends, digitization of emerging countries, improved HCIT infrastructure and EMR and HIE, Increased IT and large data capabilities, government support for coordinated healthcare, and the proliferation of responsible health care organizations have created strong demand for healthcare analysis around the world.

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However, the lack of data scientist / analytical skills, high analytical price, data integration and security issues can somehow hinder the growth of the global medical analytics market.
The medical analysis market is divided into clinical analysis, financial analysis, operational and management analysis and population health analysis. Clinical analysis is expected to grow at the highest rate during the forecast period. The high growth of this sector is attributed to the adoption of analytics by health care providers due to increased pressure to reduce medical costs, federal mandates such as implementing the ICD-10 code set, and increased adoption of electronic health care records.

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Major Players profiled in this Report are:
IBM Corporation, SAS Institute, Optum, Inc., Truven Health Analytics, Cerner Corporation, McKesson Corporation, Verisk Analytics, Inc., Oracle Corporation, Allscripts Health Solutions, MedeAnalytics, Inovalon, Inc., Health Catalyst

The report helps to understand The Healthcare Analytics Market by Types, Applications, Components, Delivery Models, End-User and Regional IT provides a complete overview of the industry
IT describes in detail key factors that affect market growth. It analysis micro factors relation to individual growth trends, prospects and contributions to the overall market
It Analyze market opportunities for stakeholders and provide details on the competitive landscape of market leaders

The researchers have focused on four main regions of North America, Europe, Asia and other regions
IT Studies Strategies adopted by core players and comprehensively analyze product portfolio, market position and core competencies and analyze competitiveness developments in the medical analytics market such as joint ventures, mergers and acquisitions