Wednesday, December 29, 2021

Healthcare Analytics Market Segmentation Analysis (2021-2030): by Growth Opportunities, Challenges, Applications and Key Participants

Absolute Markets Insights has recently added an extensive report to its repository titled Healthcare Analytics Market. It also highlights the various dynamic aspects of companies such as customer requirements, demand for products or services, stocks and raw materials. In addition, the data were examined using effective analytical methods such as SWOT analysis and Porter's five analysis. In turn, it also provides an overview of strengths, weaknesses, threats and opportunities.

The primary market players include Verisk Health, Intel Corporation, Microsoft, SAS Inc., Oracle Corporation, Truven Health Analytics, McKesson Corporation, TABLEAU SOFTWARE, Optum, Inc., Oracle, MedAssets, Inc., Mede Analytics, Inc., IBM, Health Catalyst, and Cognizant. 

In terms of revenue, the global healthcare analytics market was valued at US$ 11.87 Mn in 2020 and is expected to reach US$ 29.99 Mn by 2030, growing at a CAGR of 27.84%over the forecast period

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The growing use of different analytical instruments to close performance gaps in healthcare delivery systems is driving market growth. The industry is growing the broad potential of health care analytics tools and approaches to help stakeholders better identify public health priorities and make sound, data-driven healthcare decisions. The insights gained from health care analytics are useful in strengthening the relationship between patients and care providers, including those offering insurance. This stands as a lucrative initiative to incorporate methods and approaches in the area of health care analytics.  Thus, the overall healthcare analytics market is projected to showcase a significant CAGR of 27.84% over the forecast period.

Type Outlook:

On the basis of type, the healthcare analytics market is segmented into predictive analytics, prescriptive analytics, and descriptive analytics. Predictive analytics helps healthcare providers to examine clinical data and predict the future with the help of machine learning, data mining, and predictive modelling.

Delivery Model Outlook:

The delivery model segment, in the healthcare analytics market, is segmented into on-premise and on-demand models. The healthcare analytics providers are focusing on improving patient outcomes and their experience through advanced analytics by offering on-premise and on-demand services.

Application Outlook:

On the basis of application, the healthcare analytics market is segmented into clinical analytics, financial analytics, operational and administrative analytics, and population health analytics. Clinical analytics solutions help health systems and hospitals to reduce healthcare costs and improve patient outcomes

Global Healthcare Analytics Market:

By Type      

    • Predictive
    • Prescriptive
    • Cognitive

By Delivery Model     

  • On-Premise Models
  • On-Demand Models

By Application          

    • Clinical Analytics
    • Financial Analytics
    • Operational and Administrative Analytics
    • Population Health Analytics

By Component

  • Service
  • Hardware
  • Software

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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