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Healthcare Predictive Analytics Market Size To Reach USD 22,390.3 Million By 2026 – Reports and Data
Published by news degree
Posted on August 2, 2021
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Published by news degree
Posted on August 2, 2021
Exponential increase in healthcare database volume, increasing investments on digital tech to effectively manage available information, rising adoption of electronic health records to effectively manage patients health, adoption of advanced analytics, growing need for cost curbing tools such as healthcare predictive analytics software are key factors contributing to high CAGR of Healthcare Predictive Analytics market during forecast period.
According to the current analysis of Reports and Data, the global Healthcare Predictive Analytics market was valued at USD 2,904.2 million in 2018 and is expected to reach USD 22,390.3 million by the year 2026, at a CAGR of 28.9 %. The study covers Healthcare predictive analytics – analytical technique that analyses and predicts outcomes using statistical methods and technology, operating on massive amounts of relevant data for individual patients. Healthcare Predictive Analytics is widely being used in the healthcare sector all over the globe. The recent emergence of Healthcare Predictive Analytics as a time saving and cost minimizing tool is a major disruptive finding in the healthcare sector. In line with this, numerous firms and hospitals are adopting Healthcare Predictive Analytics, for time saving and cost cutting purpose. For instance, West Tennessee Healthcare saved more than 8,000 hours annually using Cerner’s Continuous Advancement Services from an optimization project which reduced the number of discrete task assays that nurses completed on a timely basis.
Knowledge discovery, data mining, and machine learning techniques have recently attracted considerable attention, due to the growing amount of data available, and to the growing necessity to base the reasoning on evidence taken from physical measurements. Data-driven approaches to knowledge extraction have been developed as a consequence, complementing the more traditional human-centered approaches, by enabling systems to create new knowledge, update existing knowledge, and improve their performance without intervention and reprogramming. The organization (or representation) of medical knowledge is a very active research ï¬eld, characterized by a wide range of tools, models and languages, which, together with the availability of increasing computer abilities, allows one to specify and emulate systems of growing complexity. Frame representations, semantic networks, conceptual graph representations are few popular basic representational schemes heavily used in the industry today. Exponential increase in healthcare database volume, increasing investments on digital tech to effectively manage available information, rising adoption of electronic health records to effectively manage patients health, adoption of advanced analytics, growing need for cost curbing tools such as healthcare predictive analytics, are some of the key factors propelling Healthcare Predictive Analytics market growth in the industry.
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However, the high cost of analytics solutions, the dearth of skilled personnel, and operational gaps between payers and providers are the major hindrance for market growth during 2019-2026. Problems such as inaccurate diagnoses and poor drug-adherence pose challenges to individual health and safety. These challenges are now being alleviated, if not completely eradicated, with Healthcare Predictive Analytics using personalized drug regimes, follow-up alerts and real-time diagnosis monitoring. Pervasive and context-aware monitoring solutions are improving the quality of life for both patients suffering from chronic conditions and their relatives, as well as reducing long-term healthcare costs and improving the quality of care. The acquisition and representation of knowledge in clinical decision support systems is an actively evolving research ï¬eld, characterized by modeling and software engineering issues of increasing complexity. The scope of designing knowledge-based systems in medicine is continuously evolving from being a mere diagnostic task to the broader issue of patient management, leading to a better integration in hospital information systems These benefits are expected to positively affect the Healthcare Predictive Analytics market.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data has segmented the Healthcare Predictive Analytics market on the basis of application, end use, and region:
Application Type (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
Key Questions Answered by the Report:
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2167
Thank you for reading our report. Please connect with us to know more about the report or for requesting customization of the report. Our team will ensure the report is best suited to meet your requirements.
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Full Press Release: https://www.reportsanddata.com/press-release/global-healthcare-predictive-analytics-market
The post Healthcare Predictive Analytics Market Size To Reach USD 22,390.3 Million By 2026 – Reports and Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
Exponential increase in healthcare database volume, increasing investments on digital tech to effectively manage available information, rising adoption of electronic health records to effectively manage patients health, adoption of advanced analytics, growing need for cost curbing tools such as healthcare predictive analytics software are key factors contributing to high CAGR of Healthcare Predictive Analytics market during forecast period.
According to the current analysis of Reports and Data, the global Healthcare Predictive Analytics market was valued at USD 2,904.2 million in 2018 and is expected to reach USD 22,390.3 million by the year 2026, at a CAGR of 28.9 %. The study covers Healthcare predictive analytics – analytical technique that analyses and predicts outcomes using statistical methods and technology, operating on massive amounts of relevant data for individual patients. Healthcare Predictive Analytics is widely being used in the healthcare sector all over the globe. The recent emergence of Healthcare Predictive Analytics as a time saving and cost minimizing tool is a major disruptive finding in the healthcare sector. In line with this, numerous firms and hospitals are adopting Healthcare Predictive Analytics, for time saving and cost cutting purpose. For instance, West Tennessee Healthcare saved more than 8,000 hours annually using Cerner’s Continuous Advancement Services from an optimization project which reduced the number of discrete task assays that nurses completed on a timely basis.
Knowledge discovery, data mining, and machine learning techniques have recently attracted considerable attention, due to the growing amount of data available, and to the growing necessity to base the reasoning on evidence taken from physical measurements. Data-driven approaches to knowledge extraction have been developed as a consequence, complementing the more traditional human-centered approaches, by enabling systems to create new knowledge, update existing knowledge, and improve their performance without intervention and reprogramming. The organization (or representation) of medical knowledge is a very active research ï¬eld, characterized by a wide range of tools, models and languages, which, together with the availability of increasing computer abilities, allows one to specify and emulate systems of growing complexity. Frame representations, semantic networks, conceptual graph representations are few popular basic representational schemes heavily used in the industry today. Exponential increase in healthcare database volume, increasing investments on digital tech to effectively manage available information, rising adoption of electronic health records to effectively manage patients health, adoption of advanced analytics, growing need for cost curbing tools such as healthcare predictive analytics, are some of the key factors propelling Healthcare Predictive Analytics market growth in the industry.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2167
However, the high cost of analytics solutions, the dearth of skilled personnel, and operational gaps between payers and providers are the major hindrance for market growth during 2019-2026. Problems such as inaccurate diagnoses and poor drug-adherence pose challenges to individual health and safety. These challenges are now being alleviated, if not completely eradicated, with Healthcare Predictive Analytics using personalized drug regimes, follow-up alerts and real-time diagnosis monitoring. Pervasive and context-aware monitoring solutions are improving the quality of life for both patients suffering from chronic conditions and their relatives, as well as reducing long-term healthcare costs and improving the quality of care. The acquisition and representation of knowledge in clinical decision support systems is an actively evolving research ï¬eld, characterized by modeling and software engineering issues of increasing complexity. The scope of designing knowledge-based systems in medicine is continuously evolving from being a mere diagnostic task to the broader issue of patient management, leading to a better integration in hospital information systems These benefits are expected to positively affect the Healthcare Predictive Analytics market.
Further key findings from the report suggest
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2167
For the purpose of this report, Reports and Data has segmented the Healthcare Predictive Analytics market on the basis of application, end use, and region:
Application Type (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
Key Questions Answered by the Report:
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2167
Thank you for reading our report. Please connect with us to know more about the report or for requesting customization of the report. Our team will ensure the report is best suited to meet your requirements.
Explore Reports and Data’s Prime Analysis of the global Healthcare & Pharmaceutical Industry:
Botox Market @ https://www.google.hu/url?q=https://www.reportsanddata.com/report-detail/botox-market
Glucose Meter Market @ https://www.google.com.my/url?q=https://www.reportsanddata.com/report-detail/glucose-meter-market
In-Vitro Diagnostics (IVD) Market @ https://www.google.com.my/url?q=https://www.reportsanddata.com/report-detail/global-in-vitro-diagnosticsivd-market
Enteral Feeding Formulas Market @ https://www.google.com.my/url?q=https://www.reportsanddata.com/report-detail/enteral-feeding-formulas-market
Medical Marijuana Market @ https://www.google.ga/url?q=https://www.reportsanddata.com/report-detail/medical-marijuana-market
Cardiac Biomarkers Market @ https://www.google.hu/url?q=https://www.reportsanddata.com/report-detail/cardiac-biomarkers-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Full Press Release: https://www.reportsanddata.com/press-release/global-healthcare-predictive-analytics-market
The post Healthcare Predictive Analytics Market Size To Reach USD 22,390.3 Million By 2026 – Reports and Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.