Scope of the Study
The global healthcare analytics market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The rising number of venture capital investments, increasing pressure to curb healthcare spending & improve patient outcomes are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few year but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (Hardware, Software and Services), by Application (Financial Analytics, Clinical Analytics, Operational & Administrative Analysis and Population Health Analytics) and major geographies with country level break-up.
Allscripts Healthcare, LLC (United States), Cerner Corporation (United States), CitiusTech Inc. (United States), COTIVITI, INC. (United States), Health Catalyst (United States), IBM (United States), IMAT Solutions (United States), Inovalon (United States), McKesson Medical-Surgical Inc. (United States), MEDEANALYTICS, INC. (United States), Optum, Inc (United States), Oracle (United States), SAS Institute Inc. (United States), Vitreoshealth (United States) and Wipro Limited (India) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Healthcare Analytics market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Healthcare Analytics market by Type, Application and Region.
On the basis of geography, the market of Healthcare 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 Number of Venture Capital Investments
- Growing Pressure to Curb Healthcare Spending and Improve Patient Outcomes
- Rising Focus on Real-World Evidence
- Rising Adoption of Big Data in Healthcare Sector
- High Cost of Analytics Solutions
- Opportunities for Cloud-based Analytics
- Increasing Focus on Value-based Medicines
- Adoption of Augmented Reality in Healthcare Analytics
- Lack of Skilled Professionals
- Rising Concerns Regarding Inaccurate and Inconsistent Data
Stringent Worldwide Government Regulations Regarding Lockdown of Different Sectors' Operations Impacting the Advancements & Developments in the Healthcare Analytics Technology
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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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