Healthcare Analytics Software Market Size By Product (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics), By Application (Operations Management, Financial Management, Population Health Management, Clinical Management), By End-Use (Hospitals, Clinics, Physicians, Others), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, Brazil, Mexico, South Africa, Saudi Arabia), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2021
Houston, TX -- (SBWIRE) -- 05/30/2018 -- Growing need to reduce healthcare cost coupled with increasing application of healthcare analytics software to provide real time solutions will lead to higher efficiency levels. Emergence of big data owing to the transition from paper charts to real time monitoring systems and use of electronic health records for collecting patient health data will boost industry growth. Rising awareness pertaining to personalized medicines would result in the generation and collection of huge volume of digital genome data driving the healthcare analytics market expansion. Increasing usage of data sharing platforms such as social media platforms, blogs, and professional networks has allowed sharing health related information and obtaining peer opinions. This will increase the data available for healthcare analytics over the forecast years
Global Healthcare Analytics Software Market to grow at a CAGR of +27% by 2021 Along with Major Regions Analysis and Revenue Analysis Forecasts.
This statistical surveying research report on the Global Healthcare Analytics Software Market is an all-encompassing study of the industry sectors, up-to-date outlines, industry development, drivers, and restraints. It provides market projections for the coming years. It contains an analysis of late augmentations in innovation, Porter's five forces analysis and progressive profiles of hand-picked industry competitors. The report furthermore articulates an analysis of trivial and full-scale factors indicated for the new and tenured candidates in the market along with a methodical value chain exploration.
Top Key Vendors in Market: All scripts, Cerner, Health Catalyst, IBM, Inovalon, McKesson, Mede Analytics, Optum, Oracle, SAS, Wipro, Verscend, CitusTech, VitreosHealth, and SCIO Health
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This report segments the healthcare analytics software market into type, applications, component, delivery model, end user, and region. Based on type, the healthcare analytics market is segmented into descriptive, predictive, and prescriptive analytics. The descriptive analytics segment is expected to account for the largest share of the healthcare analytics market, by type, in 2017. However, prescriptive analytics is slated to grow at the highest CAGR due to its ability to ensure the synergistic integration of predictions and prescriptions.
By applications, the healthcare analytics software market is segmented into clinical analytics, financial analytics, operational and administrative analytics, and population health analytics. The clinical analytics segment is expected to grow at the highest rate during the forecast period. The high growth of this segment is attributed to the growing adoption of analytics by healthcare providers due to the rising pressure to curb healthcare costs, federal mandates such as the implementation of ICD-10 code sets, increasing adoption of electronic healthcare records, need to improve patient outcomes and reduce hospital readmission rates, and rising focus on personalized medicine-based analytics.
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On the basis of geographical regions, the Global Healthcare Analytics Software Market is segmented broadly into Latin America, Europe, the Middle East and Africa, and Asia Pacific. The global market is still in its exploratory stage in most of the regions but it holds the promising potential to flourish steadily in coming years. The major companies investing in this market are situated in Canada, U.K., and the US, India, China and some more countries of Asia Pacific region. Consequently, Asia Pacific, North America, and Western Europe are estimated to hold more than half of the market shares, collectively in coming years.
In the last sections of the report, the manufacturers responsible for increasing the sales in the Healthcare Analytics Software Market have been presented. These manufacturers have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the technology and product type introduced by each of these manufacturers also form a key part of this section of the report.
Table of Content:
Global Healthcare Analytics Software Market Research Report
Chapter 1 Healthcare Analytics Software Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast