Healthcare Analytics Market Segmentation 2020 – 2024 | Global Industry Analysis by Size, Share,Industry by Type, Component, Application and End User

Healthcare Analytics Market Overview:

The global healthcare analytics market report explains a possibility about the market proceeding ahead with a CAGR of 27.1% over the forecast period covering 2019 to 2024. Market Research Future (MRFR) in their detailed understanding of the report discusses various factors that can improve the market prospect. Factors like better inclusion of technologies, improved It infrastructure, growing pharmaceutical needs, rising demand for better predictive analysis, demand to curb cost, increasing collaborations, and others would boost the market growth.

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Healthcare Analytics Market Segmentation:

The global healthcare analytics market report is focusing on segmental analysis to ensure that it could reveal insights that would be beneficial for companies who are trying to develop better strategies. This futuristic step requires proper data management and the report provides that with precision. The segments included in the report are type, component, delivery model, application and end user.

By type, the market report on the healthcare analytics market can be segmented into predictive analytics, prescriptive analytics, descriptive analytics, and cognitive analytics. The predictive analysis would enjoy significant movement forward.

By component, the market report on healthcare analytics would include segments like software, hardware, and services. The software segment would grow with substantial development ushered in by several companies.

By delivery mode, the market report includes on-premise and on-demand.

By application, the healthcare analytics market includes FPayment Integrity & Fraud, Waste, and Abuse (FWA), financial Analytics (Claims Processing, Revenue Cycle Management (RCM), Clinical Analytics (Quality Improvement & Clinical Benchmarking, operational & administrative analytics, Clinical Decision Support (CDS)), Risk Adjustment & Assessment), population health analytics

By end user, the market report on the healthcare analytics can be segmented into Payers (Government Agencies, Private Insurance Companies, Employers and Private Exchanges), Providers (Post-Acute Care Organizations, Hospitals & Clinics, Ambulatory Settings), and Others.

Healthcare Analytics Market Regional Analysis:

The healthcare analytics market is all set to score high in the Americas where it would be backed by the well-designed IT infrastructure, advanced healthcare infrastructure, better integration of technologies, and others. The report is also covering the growth pockets remarkably, which is showing the US and Canada as major contributors. Various companies are also making significant progress in terms of leveraging regional benefits.

Europe is also taking the necessary steps to ensure the furtherance of the market. The region has properties similar to that of North America. Better backing from various governments, in terms policies and finance, would ensure high growth. The Asia Pacific region would record high growth rate. This would be backed by emerging nations showing interest in moving forward by developing their healthcare infrastructure. The market would gain substantially from various corporate projects. It is also getting remarkable backing from the IT sector.

Healthcare Analytics Market Competitive Landscape:

The global healthcare analytics market is witnessing growth in several sectors and this is happening due to the increasing strategic contributions. This would be backed by several companies like Allscripts Healthcare Solutions, Cerner, IBM, Wipro, Inovalon, SAS Institute Inc., Citiustech, Health Catalyst, Cotiviti, Optum, Oracle, SCIO Health Analytics, Mckesson, Medeanalytics, Vitreoshealth, and others. These companies are known for their strategic moves and they can ensure to improve their stand, all the while influencing the global market standard.

Industry News:

In February 2020, Cotiviti announced the launching of Caspian, a new type of healthcare analytics that would gain substantially from several segments. This move will mark growth in terms of comprehensive data set.

In February 2020, Australian startup Prospection announced that they have raised USD 10 million to fund their plans for expansion. The company is trying branch out to the Asia Pacific region.

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