Global Healthcare Analytics (HA)Market is expected to reach
USD 42.8 billion by 2024, according to a new report by Grand View Research,
Inc. Efforts to reduce the spiraling healthcare costs is facilitating the usage
of the healthcare analytics. Additionally, the benefits of HA include the
improvement of patient access to customized care, the furthering of transparent
operations to enable better public oversight, and innovation in patient care
delivery and services.
Furthermore, analytics play a major part in
striving to ameliorate the health economic efficiency. For instance,
l’Assurance Maladie in France employed analytics to assess the clinical safety
of the class of cholesterol-lowering drugs, statins, which have been implicated
in causing severe side-effects, and the derived results were used to introduce
evidence-based performance measures to address the cracks in the operational
system.
Full Research Report on Global Healthcare
Analytics Market Analysis:
http://www.grandviewresearch.com/industry-analysis/healthcare-analytics-market
http://www.grandviewresearch.com/industry-analysis/healthcare-analytics-market
Further key findings from the study
suggest:
- Descriptive analytics held a significant share in 2015 owing to
its applications in process optimization in organizations. On the other
hand, predictive analytics is anticipated to grow at a lucrative rate over
the forecast period mainly due to its wide applicability in medical
systems, such as fraud prevention, disease prevalence forecasts, and risk
assessment.
- The services category dominated the component segment in 2015.
Outsourcing of these big data services contributed towards their growth in
leading to the high volume of services rendered. Moreover, the outsourcing
of services helps in cutting costs associated with infrastructure
requirements and in addition, avoids the requirement of skilled
individuals to perform the same task.
- The hardware systems category dominated the component segment,
high-cost of the hardware, such as the use of computer systems and
internet servers contributed to its growth.
- On-premise delivered analytic services dominated the delivery
mode category with around 54.0% share in 2015. However, the cloud-based
delivery mode segment is anticipated to grow at a profitable rate over the
forecast period. The benefits of the cloud system, which include remote data
entry and real-time data entry features are expected to result in the
growth of this segment.
- The applications of the healthcare big data include financial
applications, operational & administrative applications, and clinical
applications. Operational and administrative applications governed the
applications segment and held a remunerative share in the year, 2015.
- The demand for financial applications is anticipated to boost
over the forecast period. These applications include payment and claim
settlements and fraud prevention and risk analysis. Various initiatives
undertaken by the government, such as the Fraud Prevention System (FPS)
from the CMS is promoting its adoption.
- The end-users of HA include payers, providers, and others.
Payers held a significant market share in 2015 and the providers are
anticipated to grow at a lucrative rate. The usage of these services by
providers is for population health management, quality improvement, and
personalized care.
- North America captured a significant share in the global
market. Advanced healthcare infrastructure in this region and the growing
per capita healthcare expenditure supported the greater consumption of
these services.
- The Asia Pacific region is expected to witness gainful growth
attributable to the untapped opportunities in the countries including
India and China.
- Some key players operating in the healthcare analytics market
include IBM Corporation, Oracle Corporation, SAS, Cerner Corporation,
Allscripts Healthcare Solutions, Inc., Optum Health, Inc., and Verisk
Analytics, Inc. The notable initiatives in the industry include new
product launches, collaboration with government bodies, and investments
directed towards R&D efforts.
- For instance, in December 2015 Truven Health Analytics, Inc.
and Philips Electronics N.V. integrated Truven Health Micromedex Solutions
in the management platform, the Tasy System. This integrated platform is
anticipated to facilitate fast and easy access to a wealth of
evidence-based medical information present in the drug interaction
repositories of Micromedex Solutions.
View
more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/healthcare-it
Grand
View Research has segmented the Global Healthcare Analytics (HA) Market on
the basis of products, end-use, and region:
Global Healthcare Analytics Market by
Type, 2013 - 2024 (USD Million)
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
Global Healthcare Analytics Market by
Component, 2013 - 2024 (USD Million)
- Software
- Hardware
- Services
Global Healthcare Analytics Market, by
Delivery Mode, 2013 - 2024 (USD Million)
- On-premise
- Web-based
- Cloud-based
Global Healthcare Analytics Market, by
Application, 2013 - 2024 (USD Million)
- Clinical
- Financial
- Operational and Administrative
Global Healthcare Analytics Market, by
End-use, 2013 - 2024 (USD Million)
- Healthcare Payers
- Healthcare Providers
- Others
Healthcare Analytics Devices Market, By
Region, 2013 - 2024 (USD Million)
- North America
- U.S.
- Canada
- Europe
- UK
- Spain
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
View Press
Release Of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-healthcare-analytics-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information visit us: www.grandviewresearch.com