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Healthcare Analytics Market size was over USD 5.5 billion in 2016, with expectations to witness over 12 % CAGR from 2017 to 2024.<br><br>Get more details @ https://goo.gl/d9s5sn
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Healthcare Analytics Market to surpass $16 Billion by 2024 : Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024
KeyInsights from Healthcare Analytics Market : • Healthcare predictive analytics market share is projected to exceed USD 5 billion by 2024. Increasing use of predictive analytics in developed countries to design and develop future healthcare solutions should largely contribute to the segment growth. • Population health management improves health outcomes and lowers medical costs through data integration, risk stratification and effective management of patient care. It is widely used as a tool for preventive care and better health management. Population health management should witness a robust 13% CAGR owing to increasing application of healthcare analytics. • Increasing number of clinics worldwide have significantly contributed to expansion of healthcare analytics industry. Modernization of clinics has enabled implementation of EHR and increased adoption rate of healthcare analytics solutions among providers.
Continued... • U.S. healthcare analytics market accounted for more than 90% of regional industry share. Widespread adoption of EHR and other technologies for effective healthcare delivery and increasing funding for development of innovative solutions should stimulate industry growth. Germany held over 25% of Europe healthcare analytics market share owing to growing need to curb rising healthcare cost coupled with spurring adoption of advanced healthcare technologies. Increasing number of hospital setups and growing implementation of EHR should also drive business growth in coming years. • Some of the industry players offering unique and advanced products in healthcare analytics market include IBM, OptumHealth, McKesson Corporation, Allscripts Healthcare Solutions, Cerner Corporation and Health Catalyst. Other notable companies such as GE Healthcare, Influence Health, Evolent Health, Inovalon Computer Programs and Systems are in pursuit of gaining healthcare analytics market share.
Germany Healthcare Analytics Market Size, By Product, 2013-2024 (USD Million))
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360° Analysis • Application Trends • Financial management held over 30% of global healthcare analytics market share with expectations to surpass USD 5.5 billion by 2024. Growing application of analytics to curb increasing healthcare costs and provide quality patient care attributes to its significant industry share. Extended use of analytics to detect and prevent healthcare fraud will further increase its demand across all healthcare organizations. • Regional Trends • U.S. healthcare analytics market held more than 90% of regional revenue share in 2016. Presence of well-established healthcare infrastructure, increasing venture capital funding, acceptance of advanced technologies and widespread adoption of electronic health records across healthcare organizations will boost business growth. Moreover, presence of headquarters of major industry players in this region will further propel industry expansion. • Competitive Market Share • Some of the key players operating in the healthcare analytics market space include IBM, OptumHealth, McKesson Corporation, Allscripts Healthcare Solutions, Cerner Corporation, Athenahealth, Inovalon, Computer Programs and Systems, Change Healthcare, Tenet Healthcare Corporation, GE Healthcare, Evolent Health, Influence Health and Health Catalyst.
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