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Healthcare Analytics Market Outlook, Opportunities, Challenges, Trends, Size and Growth, Competitive Analysis, Major Competitors and Porter Analysis
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Some of the factors driving the growth of healthcare analytics market are availability of huge data in healthcare, increase in project capital investments, rising awareness on the benefits of using analytics in healthcare, and rise in pressure to limit healthcare expenditure. However, lack of skilled professionals, operational gap between the payer and provider, and high cost of analytics solution are some of the factors restraining the growth of the healthcare analytics market to some extent. Moreover, language and culture barrier and lack of patient data privacy are also some of the factors inhibiting the growth of the global healthcare analytic market.
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Geographically, North America will be leading the global healthcare analytics market in the coming years due to increasing demand for better clinical outcomes. Asia-Pacific is the fastest growing region in the global healthcare analytics market. The major reasons for the fastest growth in the region are increasing healthcare expenditure and large pool of patients in the region. Moreover, the healthcare analytics market is growing due to increasing awareness of healthcare in the emerging countries, such as India and China, of Asia-Pacific region.
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Some of the companies operating in the healthcare analytics market are Allscripts, IBM Corporation, Oracle Corporation, Verisk Analytics, Inc., Cerner Corporation, Optum, Inc., Mckesson Corporation, Health Catalyst, Inovalon, Inc., and MedeAnalytics, Inc.
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