Healthcare analytics is a branch of study that’s focused on insights of services like hospital management, treatment costs, patient records, diagnostics, etc. It provides robust overview about medical building centers like hospitals, clinics, and ambulatory surgical centers. Healthcare analytics is provided on two levels namely micro and macro.
Healthcare analytics collects data regarding pharmaceuticals, drugs, claims and price data, patient’s behavior, research and development so as to supply accurate information to the top user. Healthcare analytics offers data regarding workflow improvement and patients care, predictive modulations, and future patient interactions. It contains data discovery tools, direction or step by step process, access to testing environment, and enterprise data warehouse. Increasing government initiatives to encourage adoption of electronic health records so as to supply proper healthcare facilities and management may be a major factor driving growth of the worldwide healthcare analytics market. These initiatives also are help to take care of patient records available and accessible whenever its needed. Moreover, it also helps to enhance care coordination and supply better healthcare also are factors fueling growth of the worldwide market.
The global Healthcare Analytics market is segregated on the basis of Component as Hardware, Software, and Services. Based on Application the global Healthcare Analytics market is segmented in Clinical Analytics, Population Health Analytics, Operational & Administrative Analytics, and Financial Analytics. Based on Delivery Model the global Healthcare Analytics market is segmented in On-Demand Delivery Models and On-Premise Delivery Model.
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Based on Type, the global Healthcare Analytics market is segmented in Prescriptive Analytics, Cognitive Analytics, Descriptive Analytics, and Predictive Analytics. The report also bifurcates the global Healthcare Analytics market based on End User in Providers, Payers, and ACOS, HIES, MCOS, and TPAS.
The global Healthcare Analytics market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Healthcare Analytics market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Oracle, SAS Institute Inc., SCIO Health Analytics, Vitreoshealth, Wipro, Allscripts Healthcare Solutions, Cerner, Cotiviti, Citiustech, Health Catalyst, and others are among the major players in the global Healthcare Analytics market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Healthcare Analytics Market has been segmented as below:
Healthcare Analytics Market, By Component
Hardware
Software
Services
Support Services
Business Analytics Services
Healthcare Analytics Market, By Application
Clinical Analytics
Quality Improvement & Clinical Benchmarking
Clinical Decision Support
Reporting & Compliance
Comparative Analytics/Effectiveness
Population Health Analytics
Operational & Administrative Analytics
Supply Chain Analytics
Workforce Analytics
Strategic Analytics
Financial Analytics
Claims Processing
Revenue Cycle Management
Payment Integrity & Fraud, Waste, and Abuse
Risk Adjustment & Assessment
Healthcare Analytics Market, By Delivery Model
On-Demand Delivery Models
On-Premise Delivery Model
Healthcare Analytics Market, By Type
Prescriptive Analytics
Cognitive Analytics
Descriptive Analytics
Predictive Analytics
Healthcare Analytics Market, By End User
Providers
Payers
ACOS, HIES, MCOS, and TPAS
Healthcare Analytics Market, By Region
North America
Europe
Asia-Pacific
Rest of the World
Healthcare Analytics Market, By Company
Oracle
SAS Institute Inc.
SCIO Health Analytics
Vitreoshealth
Wipro
Allscripts Healthcare Solutions
Cerner
Cotiviti
Citiustech
Health Catalyst
IBM
Inovalon
Mckesson
Medeanalytics
Optum
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The report covers:
Global Healthcare Analytics market sizes from 2023-2033, along with CAGR for 2023-2033
Market size comparison for 2023-2033, with actual data for 2023, estimates for 2033 and forecast from 2023-2033
Global Healthcare Analytics market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Healthcare Analytics market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players
Report Scope:
The global Healthcare Analytics market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Healthcare Analytics market share. Major industry players with significant revenue share include Oracle, SAS Institute Inc., SCIO Health Analytics, Vitreoshealth, Wipro, Allscripts Healthcare Solutions, Cerner, Cotiviti, Citiustech, Health Catalyst, and others.
Reasons to Buy this Report:
Gain detailed insights on the Healthcare Analytics industry trends
Find complete analysis on the market status
Identify the Healthcare Analytics market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making
Some of the recent Developments in Healthcare Analytics market are as follows:
Oracle
Jul 8, 2022 – Oracle Announces Oracle Dedicated Region Cloud Customer
Jul 9, 2022 – Oracle declared the award of a Framework Contract for the provision of secure cloud services to the Government of Canada.
IBM
18 Feb 2022- IBM declared plans to acquire Truven Health Analytics, a leading provider of cloud-based healthcare data, analytics.
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