Healthcare Analytics Market Global Report 2018: IBM Corporation, Inovalon, Mckesson Corporation, Medeanalytics, Optum, Allscripts Health Solution, Cerner Corporation, Health Catalyst

Technological advancements such as the Internet of Things (IoT), Big Data, Cloud Computing, and others have transformed the way industries perform their businesses. Healthcare is among one of those industries which are slowly adapting to a new way of operations or digitization. Availability of Big Data in healthcare has led to the requirement for analytics and increase in funding are the factors for growth in the healthcare analytics market.

Developing countries will still have difficulties in adopting early to new technologies, few of the key factors which restrict the early adoption of analytics in healthcare will include limited awareness of the technologies, lack of skills to implement the solutions, poor infrastructure and cyber threats. Whereas, these technologies come associated with a number of opportunities such as easy recording and maintenance, centralized database, increasing investments, and others. These advancing technologies will bridge the gap between payers and providers while befitting both in long run. Hence the growth of healthcare analytics is foreseen and estimated to increase by 2025.

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The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

Healthcare Analytics Market Leading Key Vendors:
Allscripts Health Solution
Cerner Corporation
Health Catalyst
IBM Corporation
Inovalon, Inc.
Mckesson Corporation
Medeanalytics
Optum, Inc.
Oracle Corporation
SAS Institute, Inc.

The healthcare analytics market is broadly classified into segments such as type, application, deployment model, and geography. Application segment is further sub-divided into clinical analytics, financial analytics, and administrative analytics. Clinical analytics is growing and is estimated to hold the major share due to the increasing amount of data being generated. Further types are divided into predictive analytics, prescriptive analytics, and descriptive analytics. Some of the key trends of deploying this technology will vary with infrastructures, the healthcare analytics is deployed in two models, namely on-premise and on-demand delivery.

There are two major stakeholders in healthcare industries such as payers and healthcare service providers, the payers include government agencies, insurance company, employers, and private agencies. While the service providers are classified into hospitals, physicians, pharmaceuticals and others. The global healthcare analytics market is also segmented on the basis of regions into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is leading with a major share in the market followed by APAC and Europe. The increasing adoption for digitization and mHealth concepts in developing regions such as APAC will pave the path for healthcare analytics market will change the dimension of the healthcare industry in the coming years.

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