The healthcare analytics market was USD 8.69 Billion by 2016 and is estimated to reach USD 33.38 Billion by 2022 at a CAGR of 25.16% for the forecasted period.
Analytics in healthcare sector aid organizations in reducing patient's stays and re-admissions in clinics/hospital, improving quality care, identification of fraud and prevention of chronic diseases.
Many parts of the world are suffering from the lack of efficient healthcare services. Funding shortfalls combined with other market drivers can produce a variety of situations that negatively impact access. Lack of clinicians to properly diagnose is a common problem faced by the patients too. Global Healthcare Analytics market helps in overcoming all these shortcomings even in well productive markets.
North America is expected to dominate the global market in 2016, with the U.S. accounting for a major share of this regional market. North America is expected to grow at the highest CAGR during the forecast period owing to different factors.
Major factors driving the growth of this market include increasing government initiatives to enhance EHR adoption, rising pressure to curb healthcare spending and need for improved patient outcomes, availability of big data in healthcare, rise in venture capital investments, and technological advancements. Moreover, use of analytics in precision and personalized medicine, increasing focus on value-based medicine and cloud-based analytics, increasing number of patient registries, and emergence of social media and its impact on the healthcare industry provide significant growth opportunities in the market. However, lack of skilled professionals, high cost of analytics solutions, and operational gaps between payers and providers may hinder the growth of the market during the forecast period.
Large number of new market entrants and innovative healthcare approaches to deliver the treatments is increasing the complexity and competition. As such, the healthcare industry is expected to become more complex over the forecasted period.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Market overview
Compound Feed Industry Trend
Porter's 5 Forces
4. Market dynamics
5. Global Healthcare Analytics Market Segmentation, Forecasts and Trends - By Revenue
6. By Component
Systems & Software
7. By End Users
Clinical Research Organizations (CRO)
Government and Defense Institutions
Research and Diagnostic Laboratories
8. By Industry
9. By Region
10. Vendor Market Share Analysis
11. Company Profiles
F. Hoffmann-La Roche Ltd
Gentiva Health Services
12. Industry Structure
Industry M&As, Consolidations
13. Global Healthcare Analytics Market - Road Ahead