This report studies the global healthcare analytics market over the forecast period 2015 to 2022. The market is expected to grow at a double digit CAGR to reach $33,542 million by 2022. Federal healthcare mandates, rising healthcare costs and pressure to reduce, emergence of big data and advancements in analytical technologies, digitalization of healthcare, personalized medicine are some of the factors driving the healthcare analytics market growth.
Factors such as security issues and data breaches, lack of skilled labor with analytical skills, lack of patient data confidentiality and transparency, lack of interoperability, functional gap between payers and providers, increase in governmental regulation, and reimbursement issues are hampering the market growth.
Geographically the market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America dominated the healthcare analytics market with a largest share which is driven by U.S. centralized healthcare mandates such as the Patient Protection and Affordable Care Act (PPACA) and meaningful use. These initiatives assist to improve the acceptance of Electronic Health Records (EHRs) and Healthcare Information Exchange (HIE), thus improving the usage of analytics to influence the generated data.
The European market is expected to be the second largest market, growing at a lower rate mainly due to the economic crisis. The Asian market is fairly new to medical analytics; however, the increasing IT skills, outsourcing trend and healthcare IT adoption will force this market to emerge into fast growing market in the future.
The healthcare analytics market is a fragmented market with key players operating in the field of EHR & EMR platforms, cross-vertical service providers and healthcare analytical tool/service providers.
4 Global Healthcare Analytics Market, By Tool Type 4.1 Introduction 4.2 Descriptive Analytics 4.3 Predictive Analytics 4.4 Prescriptive Analytics
5 Global Healthcare Analytics Market, By Application 5.1 Introduction 5.2 Clinical Data Analytics 5.3 Financial Analytics 5.4 Administrative/Operational Analytics 5.5 Research Analytics 5.6 Others
6 Global Healthcare Analytics Market, By Component 6.1 Introduction 6.2 Hardware 6.3 Software 6.4 Services
7 Healthcare Analytics Market, By Delivery Mode 7.1 Introduction 7.2 On-Premise Model 7.3 Web-Hosted Model 7.4 Cloud-Computing
8 Global Healthcare Analytics Market, By End-User 8.1 Introduction 8.2 Payers 8.3 Providers 8.4 Healthcare Analytics Information Exchanges (Hie) 8.5 Others
9 Regional Market Analysis
10 Company Developments 10.1 Introduction 10.2 Agreements, Partnerships, Collaborations & Joint Ventures 10.3 New Product Launch 10.4 Other Developments 10.5 Mergers And Acquisitions
11 Company Profiles 11.1 Allscripts Healthcare Solutions, Inc. 11.2 Cerner Corporation 11.3 Epic 11.4 Ibm 11.5 Information Builders, Inc. 11.6 Mckesson Corporation 11.7 Medeanalytics, Inc. 11.8 United Health Group, Inc. 11.9 Oracle Corporation 11.10 Verisk Analytics