Scope of the Study
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 represent 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 person 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.
The market study is being classified by Type (Descriptive Analytics, Predictive Analytics and Prescriptive Analytics), by Application (Clinical Analytics, Financial Analytics, Operational and Administrative Analytics and Population Health Analytics) and major geographies with country level break-up.
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).
The Players having a strong hold in the market are International Business Machines Corporation, Oracle Corporation, Health Catalyst, Optum, Inc.. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Healthcare Data Analytics market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising In Demand among Healthcare Organizations and Hospitals
- Increasing Healthcare Spending and Growing Healthcare Industry Worldwide
- Increasing Digitalization of Healthcare Data in Hospitals
- High Cost of Healthcare Analytics Solutions
- Data Privacy Gap between Medical Researchers and Computer Scientists
Market Leaders and their expansionary 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 AudienceHospitals, Physician Practices, and IDNs, Post-acute Organizations, Ambulatory Settings, Regulatory & Government Bodies, Private Insurance Companies and Other
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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