Healthcare Analytics Market Size, Trends and Its Growth Prospects

ReleaseWire

Sellbyville, DE -- (SBWIRE) -- 05/16/2019 -- The Healthcare Analytics Market is set to exceed USD 18,250.8 billion by 2025; according to a new research report by Global Market Insights. Providing precise healthcare solutions within budget is the prime objective of healthcare facilities around the world, resulting to increasing use of electronic health records and various analytical software. Increasing use of social media and technological advancements in analytics are major facilitators in achieving this objective. Rising investment in the field for research and development of advanced healthcare analytics solutions is a prominent high impact rendering factor that will shape the market future, especially in the developed nations. Moreover, emergence of big data in healthcare industry will further augment to the market growth in coming years.

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Rapid implementation of healthcare analytics in developed regions and steadily rising popularity of the same in emerging economies should expand the industry size in coming years. Improvements in healthcare and economic indicators in developing countries will prove to be growth enablers. The need to curtail and control healthcare cost will result to implementation of healthcare analytics across the globe and fuel the global market growth.

However, dearth of skilled IT professionals in healthcare industry and data integrity and safety issues are some of the major factors hindering the healthcare analytics market growth. Predictive analytics software market should exceed USD 5,805.3 million by 2025. Increasing use of predictive analytics in developed countries to design and develop future healthcare solutions should largely attribute to the segment growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- IBM
- McKesson Corporation
- Allscripts
- Health Catalyst
- Cerner Corporation
- Influence Health
- Evolent Health
- athenahealth
- Inovalon
- Change Healthcare

Descriptive analytics market is estimated to reach USD 9,001.2 million by 2025. The ability of descriptive analytics to analyse historical data and gain actionable future insights should favor segment growth. It is the most basic and widely accepted form of analytics which acts as a precursor for predictive and prescriptive analytics.

Prescriptive analytics business should witness lucrative 15.8% CAGR between 2019 and 2025 owing to its ability to predict about possible outcomes and its implications on key business metrics. It is comparatively complex in nature with few players optimizing it to achieve best outcomes by identifying data uncertainties.

Population health management market holds prime importance in healthcare; efforts towards improving offerings in this segment should majorly drive the market of healthcare analytics. Increasing application of healthcare analytics in population health management will result to a CAGR of over 12.7% during the forecast period.

IBM, OptumHealth, McKesson corporation, Allscripts healthcare solutions, Cerner corporation and Health Catalyst are some of the key players in the market with advanced and unique product offerings. Moreover, companies such as GE Healthcare, Influence Health, Evolent Health, Inovalon Computer Programs and Systems etc. are in pursuit of gaining market share. Merger and acquisition, provision of customized analytics solutions and expansion in untapped geographical markets are some of the major strategies practiced by companies.

Healthcare Analytics Market by Product

1 Descriptive analytics
2 Predictive analytics
3 Prescriptive analytics

Healthcare Analytics Market by Application

1 Operations management
2 Financial management
3 Population health management
4 Clinical management

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Chapter 1. Methodology

1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary

2.1. Healthcare analytics market industry 3600 synopsis, 2014 - 2025
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. End-use trends
2.1.5. Regional trends

Chapter 3. Healthcare Analytics Market Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces

3.3.1. Growth drivers
3.3.1.1. Emergence of Big Data in healthcare
3.3.1.2. Emergence of personalized and evidence based medicine
3.3.1.3. Rising investments in venture capital funds
3.3.1.4. Growing need of increasing efficiency in healthcare sector by reducing unnecessary costs
3.3.1.5. Technological advancements
3.3.1.6. Emergence of social media and its impact on healthcare

3.3.2. Industry pitfalls & challenges
3.3.2.1. Lack of skilled IT professionals in healthcare
3.3.2.2. Data integrity and safety issues

Chapter 4. Healthcare Analytics Market, By Product

4.1. Key segment trends

4.2. Descriptive Analytics
4.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.3. Predictive Analytics
4.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.4. Prescriptive Analytics
4.4.1. Market size, by region, 2014 – 2025 (USD Million)

Chapter 5. Healthcare Analytics Market, By Application

5.1. Key segment trends

5.2. Operations Management
5.2.1. Market size, by region, 2014 – 2025 (USD Million)

5.3. Financial Management
5.3.1. Market size, by region, 2014 – 2025 (USD Million)

5.4. Population Health Management
5.4.1. Market size, by region, 2014 – 2025 (USD Million)

5.5. Clinical Management
5.5.1. Market size, by region, 2014 – 2025 (USD Million)

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Data Tables

TABLE 1. Healthcare analytics industry 3600 synopsis, 2014 – 2025
TABLE 2. Global healthcare analytics market size, 2014 - 2018, (USD Million)
TABLE 3. Global healthcare analytics market size, 2019 - 2025, (USD Million)
TABLE 4. Global healthcare analytics market size, by product, 2014 - 2018 (USD Million)
TABLE 5. Global healthcare analytics market size, by product, 2019 – 2025 (USD Million)
TABLE 6. Global healthcare analytics market size, by application, 2014 - 2018 (USD Million)
TABLE 7. Global healthcare analytics market size, by application, 2019 – 2025 (USD Million)
TABLE 8. Global healthcare analytics market size, by end-use, 2014 - 2018 (USD Million)
TABLE 9. Global healthcare analytics market size, by end-use, 2019 – 2025 (USD Million)
TABLE 10. Global healthcare analytics market size, by region, 2014 - 2018 (USD Million)

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