Hospitals were the primary end-users of the healthcare analytics industry with a contribution of 70% to the overall revenue. The need of curtailing healthcare costs and enable optimized clinical decisions are the chief drivers for the wide adoption of this tool in hospitals. Clinics are also one of the major end-users witnessing a heavy adoption rate of this technology, owing to the focus toward evidence-based practicing and enhanced patient care models. Healthcare analytics market share from clinics is estimated to record a CAGR of 13% over the coming seven years with a target revenue of USD 2 billion by 2024.
The other application arrays of healthcare analytics market include population health management, financial management, and operations management. The prime driver for the adoption of this technology remains the global concern regarding the increasing healthcare expenditure. On this ground, financial management accounted for 30% of the overall application landscape and is expected to surpass USD 5.5 billion by 2024. In addition to the need of curbing healthcare cost, the rising demand for detection and prevention of healthcare frauds will also be a key factor driving the growth of healthcare analytics market in financial management applications.
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Healthcare Analytics market report provides a comprehensive landscape of the industry, accurate market estimates and forecast split by product, application, technology, region and end-use. All quantitative information is covered on a regional as well as country basis. The report provides valuable strategic insights on the Healthcare Analytics market, analyzing in detail industry impact forces including growth drivers, pitfalls and regulation evolution. The report also includes a detailed outlook on the Healthcare Analytics market competitive environment, diving into the industry position of each major company along with the strategic landscape.
Healthcare Analytics market report is an all-inclusive document, compiled and designed to provide best-in-class research, insightful analysis and accurate quantitative data. The coverage of this research is the most extensive when compared to other similar studies available on Healthcare Analytics market. The industry ecosystem information presented in this report is next-to-none and aims to address all stakeholders of the industry, irrespective of their size and business function. Details of segmentation and cross reporting structure, wherever feasible, makes this Healthcare Analytics market research one of its kind to offer the most in-depth, readily available data.
Germany healthcare analytics industry also witnessed appreciable growth in the recent years and accounted for over 25% of the European market share in 2016. Taking Asia Pacific growth trends into consideration, Japan is likely to emerge as one of the chief regional drivers attributed to the ongoing advancements in healthcare IT and adoption of prescriptive and predictive analytics tools across most of the regional hospitals. In addition, huge geriatric patient base and rising healthcare expenditure will further boost Japan healthcare analytics market share. The region is predicted to register an annual growth rate of 12% over the period of 2016-2024.
Some of the renowned companies sharing the healthcare analytics industry space are IBM, McKesson Corporation, OptumHealth Financial, Allscripts, Athenahealth, Athenahealth, Cerner Corporation, Inovalon, and Computer Programs and Systems, Inc. Geographical expansion, particularly across commercially untapped regions along with focus on developing customized healthcare solutions are the major growth strategies adopted by the healthcare analytics market participants.
The data integrity issues, dearth of skilled IT professionals, and unorganized data sharing procedures are the factors that may hamper the healthcare analytics market demand in the years to come. However, the growing investments of the companies in developing safe and secured analytics tool along with the commendable adoption of healthcare analytics technology across a series of applications is certain to draw a strong trajectory for global healthcare analytics industry in the coming years.
Trends, analysis, SWOT and regional coverage that is available in Healthcare Analytics industry report offers market intelligence that help readers in strategic choices that business demands. Moreover, this research can be tweaked to cover specific requirements of a client or completely customized for a particular company.
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Chapter 1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
22.214.171.124. Paid sources
126.96.36.199. Unpaid sources
Chapter 2. Executive Summary
2.1. Healthcare analytics market industry 3600 synopsis, 2014 – 2025
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. End-use trends
2.1.5. Regional trends
Chapter 3. Healthcare Analytics Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 – 2025
3.3. Industry impact forces
3.3.1. Growth drivers
188.8.131.52. Emergence of Big Data in healthcare
184.108.40.206. Emergence of personalized and evidence based medicine
220.127.116.11. Rising investments in venture capital funds
18.104.22.168. Growing need of increasing efficiency in healthcare sector by reducing unnecessary costs
22.214.171.124. Technological advancements
126.96.36.199. Emergence of social media and its impact on healthcare
3.3.2. Industry pitfalls & challenges
188.8.131.52. Lack of skilled IT professionals in healthcare
184.108.40.206. Data integrity and safety issues
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By application
3.4.3. By end-use
3.5. Investment landscape
3.6. Technology landscape
3.6.1. North America
3.7. Regulatory and reimbursement scenario
3.8. Porter’s analysis
3.9. Competitive landscape, 2017
3.9.1. Strategy dashboard
3.10. PESTEL analysis
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The data in this Healthcare Analytics market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others. The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the Healthcare Analytics market including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research.
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