The Global market for Healthcare Analytics is poised to reach USD 23,800 million by the end of 2020 growing at an estimated CAGR of 23.9%. The healthcare industry is undergoing a transformation from volume-based to value-based business. Factors such as improved quality healthcare, reduced length-of-stay in hospitals, fraud detection, and prevention of novel diseases are the main demands from payers and providers.
The Global Healthcare Analytics market is segmented on the basis of Technology/Platform (Predictive Analytics, Prescriptive Analytics, and Descriptive Analytics), Application (Clinical Data Analytics, Financial Data Analytics, Administrative Data Analytics, Research Data Analytics and Others), Component (Software, Hardware and Services), Mode of Delivery (Cloud Based model, Web hosted model, and On-premise model), End-User (Healthcare, Pharmaceuticals, Biotechnology, Academia and Others), Geography (North America, Europe, Asia Pacific and Rest of the World).
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Major players in the healthcare analytics market include Cerner Corporation (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), Mc Kesson Corporation (U.S.), Information builders (U.S.), Truven Health Analytics (U.S.), MedeAnalytics, Inc. (U.S.), Optum, Inc (U.S), Allscripts Healthcare solutions (U.S.), and Epic (U.S.). Cerner Corporation is a dominant player with a share of 20%, followed by McKesson Corporation, Epic, Truven Health Analytics, Optum Inc.
The global healthcare analytics market report evaluated detailed information about the market trends of diverse segmentation. Further market dynamics, challenges, opportunities are described.
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