Healthcare Analytics Market Regions, Application, Trends, Business Scenario, Size, Share, and Forecasts Report 2027
Rising adoption of analytics for marketing and sales purposes in the healthcare industry is likely to augment the global healthcare analytics market further during the forecast period.The global healthcare analytics market size was USD 13.86 Billion in 2019 and is expected to reach USD 90.84 Billion by 2027, at a CAGR of 27.9% during the forecast period. The global healthcare analytics market is expected to expand exponentially in the near future, due to the increasing demand to improve efficiency in the healthcare industry by decreasing unwanted expenses.
Emergen Research’s latest document, titled ‘Global Healthcare Analytics Market- Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Healthcare Analytics Market. The report’s authors have offered necessary details on the latest Healthcare Analytics Market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Healthcare Analytics Market industry entails useful insights into the estimated Healthcare Analytics Market size, revenue share, and sales & distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future. Those are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans. The primary addressees of this report include some of the globally renowned venture capitalists. The report offers these individuals a vivid description of the competitive spectrum of the global Healthcare Analytics Market.
Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report. The coronavirus outbreak has led to drastic changes in the current Healthcare Analytics Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Healthcare Analytics Market growth assessed on both regional and global levels.
The report is updated with the latest impact of the novel coronavirus pandemic on the market. The pandemic has drastically altered the market dynamics and trends and demands. It has also disrupted the supply chain and generated financial difficulties. The report covers the comprehensive effect of the pandemic on the industry and offers an initial and future impact assessment of the impact of the COVID-19 pandemic on the Healthcare Analytics Market business sphere.
Key Highlights of Report
In October 2020, TIBCO Software Inc. declared to have reached a contract to acquire Information Builders, Inc., a pioneering data analytics software provider. Through the addition of Information Builders, TIBCO would have exposure to a more extensive range of analytics and techniques, significantly improving the company’s ability to support other companies in overcoming the most difficult data quality issues.
The hardware segment is expected to lead the market throughout the forecast period. Healthcare analytics entail a robust networking infrastructure to collect, analyze, and deliver a large volume of data. High-cost of hardware components, such as computers’ components, is driving the segment.
The on-premises segment is expected to lead the market during the forecast period. Although a unit is located within the premises, it can also be conveniently accessible from distant locations, offering high energy use, reduced costs, and benefits in terms of operating.
The descriptive analytics segment is anticipated to lead the market in the next few years. Capabilities of descriptive analytics to evaluate historical insights and to gain viable future analyses are projected to fuel the segment in the near future.
The financial analysis segment is projected to retain the largest market share during the forecast period, due to growing utilization of the analytics to minimize health care costs and provide better treatment quality to patients.
The healthcare payer segment is estimated to hold the largest market share during the forecast period. Such programs help payers identify improvement points in clinical practice, incorporate new approaches to address high-risk patients, and promote observable outcomes.
North America is projected to lead the global market for healthcare analytics during the forecast period, due to increasing implementation of electronic health records (EHRs) and rising federal legislations on clinical care to mitigate healthcare expenses and offer improved treatment to patients.
Key market participants include Health Catalyst Inc., MedeAnalytics, Inc., Athenahealth Inc., Tenet Healthcare Corporation, Evolent Health, Oracle Corporation, Verisk Analytics, Inc., Epic Systems Corporation, TIBCO Software Inc., and SAP SE
You Can Download Free Sample PDF Copy of Healthcare Analytics Market at https://www.emergenresearch.com/request-sample/439
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2: Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3: Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4: Regional Landscape
Chapter 5: Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
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