What is Healthcare Data Analytics Market Scope?
Healthcare data analytics is collect the data from a wide variety of sources such as sensors, images, traditional electronic records and text in the form of biomedical literature/clinical notes and represents in a systematic way. The healthcare industry is transforming and driven by increasing costs of facilities and an aging population worldwide. The global population is estimated to be 8.1 billion in 2025 and out of that 2.1 billion people aged above 50. According to the world health organization in 2025, nearly 70% of illnesses will be choric conditions. Health care spending is expected to reach 18.3 trillion USD by 2030 globally. These factors are forcing to grow the healthcare data analytics market in the forecast period.
Influencing Trend:
Increasing Digitalization of Healthcare Data in Hospitals
Market Growth Drivers:
Rising In Demand among Healthcare Organizations and Hospitals and Increasing Healthcare Spending and Growing Healthcare Industry Worldwide
Restraints:
High Cost of Healthcare Analytics Solutions
Opportunities:
Data Privacy Gap between Medical Researchers and Computer Scientists
The Healthcare Data Analytics market study is being classified by Type (Descriptive Analytics, Predictive Analytics and Prescriptive Analytics), by Application and major geographies with country level break-up.
The Players having a strong hold in the market are International Business Machines Corporation, Oracle Corporation, Health Catalyst, Optum, Inc.. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Healthcare Data Analytics market throughout the predicted period.
International Business Machines Corporation (United States), Oracle Corporation (United States), Health Catalyst (United States), Optum, Inc. (United States), SAS Institute, Inc. (United States), Allscripts Health Solutions (United States), McKesson Corporation (United States), MedeAnalytics, Inc. (United States), Cerner Corporation (United States) and Inovalon (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are SCIO Health Analytics (United States), Verscend Technologies, Inc. (United States), CitiusTech, Inc. (United States), Wipro Limited (India) and VitreosHealth (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Healthcare Data Analytics market by Type, Application and Region.
On the basis of geography, the market of Healthcare Data Analytics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On January 3, 2018, McKesson Corporation has announced that it has completed the acquisition of RxCrossroads. From this acquisition, McKesson has become a partner with pharmaceutical manufacturers, providers, pharmacies, governments, and other organizations in healthcare to help provide the medical products, right medicines, and healthcare services to the right patients at the right time, cost-effectively, and safely.
Key Target Audience
Hospitals, Physician Practices, and IDNs, Post-acute Organizations, Ambulatory Settings, Regulatory & Government Bodies, Private Insurance Companies and Other
Healthcare Data Analytics Market Study: Important Years
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Healthcare Data Analytics Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Healthcare Data Analytics industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.