Healthcare Analytics Market to hit $16bn by 2024:

Ocean View, Delaware, April 19, 2017 (GLOBE NEWSWIRE) --

The industry segmentation report “ Healthcare Analytics 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 – 2024” by Global Market Insights, Inc. says Healthcare Analytics Market size is poised to surpass USD 16 billion by 2024.

The growing need to control healthcare cost and growing adoption across the globe will drive healthcare analytics market growth. Healthcare analytics and data analytics would reduce overall healthcare cost by identifying inefficiencies in current delivery methods, reduce the frequency of hospital visits and eliminate the need for unnecessary testing. Rapid adoption in developed regions and growing acceptance of advanced technologies in emerging economies should fuel healthcare analytics market size. Promising improvements in healthcare infrastructure, growing disposable income levels and increasing application of these solutions should boost industry growth.

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Providing individualized solutions through effective usage of electronic health records and analytical software will stimulate healthcare analytics market demand. Rising social media usage coupled with technological innovation in analytics should further facilitate industry expansion.

Increasing R&D investments in advanced healthcare analytics should serve as a significant driver in the developed nations. Moreover, favorable government initiatives and emergence of big data analytics in the industry will further augment healthcare analytics market growth in the coming years.

Data safety and integrity concerns, rigid healthcare structure restricting seamless data sharing among healthcare providers and lack of skilled people and organizational procedures for data sharing may hinder industry growth over the forecast years.

Browse key industry insights spread across 130 pages with 88 market data tables & 8 figures & charts from this 2017 report Healthcare Analytics Market in detail along with the table of contents at:           

https://www.gminsights.com/industry-analysis/...ics-market

Population health management improves health outcomes and lowers medical costs through data integration, risk stratification and effective management of patient care. It is widely used as a tool for preventive care and better health management. Population health management should witness a robust 13% CAGR owing to increasing application of healthcare analytics.

Increasing number of clinics worldwide have significantly contributed to expansion of healthcare analytics industry. Modernization of clinics has enabled implementation of EHR and increased adoption rate of healthcare analytics solutions among providers.

U.S. healthcare analytics market accounted for more than 90% of regional industry share. Widespread adoption of EHR and other technologies for effective healthcare delivery and increasing funding for development of innovative solutions should stimulate industry growth. Germany held over 25% of Europe healthcare analytics market share owing to growing need to curb rising healthcare cost coupled with spurring adoption of advanced healthcare technologies. Increasing number of hospital setups and growing implementation of EHR should also drive business growth in coming years.

Japan healthcare analytics market is set to witness more than 12% CAGR over forecast years. Increasing application of predictive and prescriptive analytics, improved economic indicators, and growing adoption of advanced technologies should stimulate business growth. Growing geriatric population and increasing need to curtail the associated costs should fuel the industry growth.

Some of the industry players offering unique and advanced products in healthcare analytics market include IBM, OptumHealth, McKesson Corporation, Allscripts Healthcare Solutions, Cerner Corporation and Health Catalyst. Other notable companies such as GE Healthcare, Influence Health, Evolent Health, Inovalon Computer Programs and Systems are in pursuit of gaining healthcare analytics market share.

Mergers and acquisitions, provision of customized solutions and expansion in commercially unexploited geographical markets are some of the major strategies adopted by industry participants. Companies are heavily investing in R&D to come up with innovative analytics platforms with enhanced features as a part of their commercialization strategy.

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Healthcare analytics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024 , for the following segments:

Healthcare Analytics Market by Product

• Descriptive analytics
• Predictive analytics
• Prescriptive analytics

Healthcare Analytics Market by Application

• Operations management
• Financial management
• Population health management
• Clinical management

Healthcare Analytics Market by End User

• Hospital
• Clinics
• Physicians
• Others

The above information is provided for the following regions/countries :

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • South Africa
  • Saudi Arabia

Browse Related Reports:

• Healthcare Predictive Analytics Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Growth Potential, Competitive Market Growth & Forecast, 2016 – 2024

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• Healthcare Revenue Cycle Management Market Size By Product (Integrated, Standalone), By Deployment (On-Premise, Cloud Based), By Component (Services, Software), By End User (Hospitals, Physicians, Diagnostic & Ambulatory Care Centers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Brazil, Mexico, South Africa, Saudi Arabia), Growth Potential, Competitive Market Share & Forecast, 2016 - 2024

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