Healthcare Analytics Market Size to Reach USD 40.7
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Posted On: 09/03/2020 9:43:33 PM
Healthcare Analytics Market Size to Reach USD 40.781 Billion by 2025 |
Valuates Reports
Apr 16, 2020, 08:30 ET
BANGALORE, India, April 16, 2020 /PRNewswire/ -- Healthcare companies are increasingly concentrating on cost-cutting and adopting procedures that ensure the operations are sustainable. This has created a huge demand for the healthcare analytics market as health analytics can help hospitals cut administrative costs, minimize fraudulent and erroneous payments, provide better coordination of treatment and improve support for clinical decision making.
The global healthcare analytics market size to grow from USD 11.461 Billion in 2019 to USD 40.781 Billion by 2025, at a compound annual growth rate (CAGR) of 23.55%.
The year 2019 has been considered as the base year, while the forecast period is up to 2025.
Furthermore, advances in economic development and healthcare infrastructure in developing economies coupled with the government's compliance with electronic health records (EHR) are expected to increase the rate of adoption of healthcare analytics.
View Full Report: https://reports.valuates.com/market-reports/3...ics-market
TRENDS INFLUENCING THE HEALTHCARE ANALYTICS MARKET SIZE / GROWTH
The transition from paper charts to real-time monitoring systems and the use of electronic health records to gather patient health data is expected to increase the healthcare analytics market size
Industry players invest huge amounts of money in R&D processes to offer unique platforms and solutions with enhanced features and gain competitive advantage in the market for health care analytics. This increase in investment is expected to fuel the growth of the healthcare analytics market size
According to the European Commission, due to individual data privacy requirements, the use of healthcare analytics in European countries is limited. Nevertheless, the outbreak of COVID-19 prompted nations across the globe to reconsider the initiative to implement healthcare analytics. Integrating the developments in technology and increasing the implementation of predictive and prescriptive analytics in most hospitals is the driving healthcare analytics market growth.
https://www.prnewswire.com/news-releases/heal...41851.html
Valuates Reports
Apr 16, 2020, 08:30 ET
BANGALORE, India, April 16, 2020 /PRNewswire/ -- Healthcare companies are increasingly concentrating on cost-cutting and adopting procedures that ensure the operations are sustainable. This has created a huge demand for the healthcare analytics market as health analytics can help hospitals cut administrative costs, minimize fraudulent and erroneous payments, provide better coordination of treatment and improve support for clinical decision making.
The global healthcare analytics market size to grow from USD 11.461 Billion in 2019 to USD 40.781 Billion by 2025, at a compound annual growth rate (CAGR) of 23.55%.
The year 2019 has been considered as the base year, while the forecast period is up to 2025.
Furthermore, advances in economic development and healthcare infrastructure in developing economies coupled with the government's compliance with electronic health records (EHR) are expected to increase the rate of adoption of healthcare analytics.
View Full Report: https://reports.valuates.com/market-reports/3...ics-market
TRENDS INFLUENCING THE HEALTHCARE ANALYTICS MARKET SIZE / GROWTH
The transition from paper charts to real-time monitoring systems and the use of electronic health records to gather patient health data is expected to increase the healthcare analytics market size
Industry players invest huge amounts of money in R&D processes to offer unique platforms and solutions with enhanced features and gain competitive advantage in the market for health care analytics. This increase in investment is expected to fuel the growth of the healthcare analytics market size
According to the European Commission, due to individual data privacy requirements, the use of healthcare analytics in European countries is limited. Nevertheless, the outbreak of COVID-19 prompted nations across the globe to reconsider the initiative to implement healthcare analytics. Integrating the developments in technology and increasing the implementation of predictive and prescriptive analytics in most hospitals is the driving healthcare analytics market growth.
https://www.prnewswire.com/news-releases/heal...41851.html
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