(MENAFNEditorial)
The report titled Healthcare Analytics Market - Outlook (2014-18) showcases an in-depth analysis of the market in terms of market size segmentation by Products Applications Components Delivery Modes End- Users and Geography. This report also forecasts the growth numbers till 2018 (on a YoY basis) and hence suggests the Compound Annual Growth Rate (CAGR) for the estimated period.
The report brings about a detailed description of the developed regions (like USA UK) and emerging markets (like Asia) globally service provider analysis (ResearchFox LAYERS) market forces metrics and market share for the Healthcare Analytics market.
Healthcare Analytics to Propel the Industry Efficiently
Federal healthcare mandates and benefits associated with the utilization of analytics (such as improved patient results physician performance evaluation quality care and fraud detection technological advancements increasing healthcare information technology adoption and venture capital investments) are among several drivers of the global healthcare analytics which is projected to be worth more than USD 10 billion by 2018.
Currently the worldwide market is valued to be worth an estimated USD 4.8 billion however it will grow at a compound annual growth rate of more than 17% over the next 4 years. Development is primarily driven by Predictive Analytics and Prescriptive Analytics in the US and Asia.
End users that will profoundly influence the market's growth include healthcare providers health information exchanges and accountable care organizations. In the USA federal mandates such as International Statistical Classification of Diseases -10 (ICD-10) and use of Electronic Health Records (EHR) will be critical to such growth. Factors such as data security issues cultural barriers to IT adoption and a lack of skilled manpower in the field of analytics could hinder the market growth.
The marketplace is segmented based on Products Applications Components Delivery Modes End- Users and Geography. On the foundation of product type the market is split into descriptive predictive and prescriptive analytics. The market by component is then separated into hardware software and services. Established in the mode of delivery the securities industry is classified into on premise models web-hosted model and cloud-based models. Based on end-users the market is segmented into healthcare and others. The healthcare segment is further divided into healthcare payers healthcare providers Health Information Exchanges (HIEs) and others. The market is further classified into the USA UK Europe Asia and the Rest of the World (RoW) based on geography.
Our forecasting reveals that this market would experience a double - digit growth because of the various benefits healthcare industries perceive in adopting analytics. The perceived benefits are as follows:
a. Advanced pronouncements about when and how to care
b. Improved revenue management cycle
c. Better consumer commitment health and supervision tools
d. Clinical analytics integrated with health management
e. Consolidation of health supervision tools with communication tools workflows and analytics
f. Claims data analysis for fraud detection etc.
These are few of the factors which have increased the adoption rate of analytics in the healthcare sector. However lack of manpower with technical and functional expertise weak communication infrastructure and data breaches are some of the elements which could potentially hamper the development of this marketplace.
The Asian healthcare analytics market is at a nascent stage but with various mandates from Government authorities increasing IT adoption across the globe digitization of global commerce and with increasing awareness on analytics and Big Data it is now no hidden fact that healthcare IT market has a huge development potential in Asia as well.
The UK healthcare analytics market is big and established and is second only to the USA and in spite of being a mature market they are nonetheless a very lucrative marketplace. It is the onus of the healthcare organizations to keep themselves employed and updated on rapid and drastic advancements in analytics.
Market Segments and Forecasts Covered in the Report
The Global Healthcare Analytics market is segmented by:
· Regions (USA UK Asia Europe RoW)
· Application (Clinical Intelligence Financial Operational Research Staffing)
· Component (Hardware Software Services)
· Delivery Mode (Cloud On Premise Web-hosted)
· End users (Payers Providers Others)
· Type (Descriptive Analytics Prescriptive Analytics Predictive Analytics)
Companies discussed in the Global Healthcare Analytics research report ALLSCRIPTS HEALTHCARE SOLUTIONS INC CARDINAL HEALTH CERNER CORPORATION CITIUS TECH FUZZY LOGIX LLC HEALTH CATALYST LLC IBM INFORMATION BUILDERS INOVALON INC. KYRUUS INC. LEXIS NEXIS MCKESSON CORPORATION MEDEANALYTICS MICROSTRATEGY MUSIGMA OPTUM ORACLE PREDIXION SOFTWARE QLIKVIEW SAS TABLEAU TRIZETTO CORPORATION TRUVEN HEALTH ANALYTICS VERISK ANALYTICS (HEALTH) VITALSPRING TECHNOLOGIES INC.
To purchase the full report please call +1-408-469-4380 or mail us at explore@researchfox.com
Uniqueness of this Report
· In-depth segmentation of the Healthcare Analytics market
· Market drivers constraints opportunity and challenges analyzed
· Market Metrics Market Share Porter’s Five Forces Analysis
· Performance measurement of the leading market participants and gauging them against strategy and competence in the global arena through ResearchFox LAYERS
· Unique price structure with Healthcare Analytics report starting USD 250 only
To explore more on reports by ResearchFox Consulting please visit our market research reports section.
If you want to explore more as a custom report or assignment visit our Consulting section and drop your query for us to get back to you as soon as possible.
About ResearchFox Consulting
ResearchFox is an International market research company from Bangalore India with focus on delivering high quality research services to business professionals organizations and individuals through knowledge driven research methodology. We provide first-hand data services & reports on various industries technologies market parameters and key competitors in the industry thereby giving rational forecast on market trends to help clients identify prospective growth areas and gain competitive edge. Established as SBU of Han Digital group in 2009 ResearchFox was officially incorporated in 2012. We provide niche market research services which go beyond client - vendor transactions/ interactions by not only paving way for strong relationships but also creating a healthy ecosystem for actionable decision making.
Contact
Pranab Sen
Director Research
Tel: +1-408-469-4380
explore@researchfox.com
Connect With Us on:
Facebook: https://www.facebook.com/ResearchFoxConsulting
LinkedIn: http://www.linkedin.com/company/researchfox-consulting-p-ltd
Twitter: https://twitter.com/Research_fox
Pinterest: http://www.pinterest.com/reportlibrary/
RSS Feed: http://reportlibrary.researchfox.com/latestreports/rss
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.