The global Healthcare Analytics market size is expected to reach USD 53.5 billion by 2026 according to a new study by WhipSmart Market Intelligence Research. The report “Healthcare Analytics Market by Type (Predictive, Prescriptive, Cognitive) Application (Clinical, RCM, Claim, Fraud, Waste, Supply Chain, PHM) Component (Service, Software) Delivery (On-demand, Cloud) End User (Payer, Hospital), By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The report covers the COVID-19 impact on the Healthcare Analytics Market. The COVID-19 Impact analysis will help you to understand the future market growth in the Healthcare Analytics Market.
Healthcare analytics encompasses various technologies, methods, and skills employed at synthesizing and analyzing healthcare data from across a good spectrum of health industries, with an aim to unravel crucial patterns and gain insights for improving healthcare outcomes. Healthcare analytics has been increasingly occupying an important role in global healthcare systems for enhancing patient outcomes and improving the standard of care at affordable cost. Healthcare organizations world over are increasingly leveraging the potential of data-backed decisions to enhance patient engagement and knowledge. Moreover, healthcare analytics offers healthcare institutions crucial insights into revenue and risk models.
Healthcare Analytics (HA) is employed by providers to be ready to identify clinically meaningful outcomes in reference to costs through investigational mining of electronic patient records for identifying inherent medical inaccuracies within the system so on offer cost-effective treatments to patients, while reducing the quantity of resources wasted.
North America is predicted to witness the very best growth during the forecast period. The high growth of the North American market is attributed to growing federal healthcare mandates to curb rising healthcare costs, increasing regulatory requirements, growing EHR adoption and rising government initiatives that specialize in personalized medicine, population health management, and value-based reimbursements.
The key players in the market IBM Corporation (US), Optum, Inc. (US), Cerner Corporation (US), SAS Institute, Inc. (US), Allscripts Health Solutions (US), McKesson Corporation (US), MedeAnalytics, Inc. (US), Inovalon (US), Oracle Corporation (US), Health Catalyst (US), SCIO Health Analytics (US), Verscend Technologies, Inc. (US), CitiusTech, Inc. (US), Wipro Limited (India), and VitreosHealth (US) among others. Development of distribution channels, novel product development and aggressive marketing campaigning are some of the success factors in the industry.
WhipSmart Market Intelligence Market research has segmented the Healthcare Analytics market report on the basis of type, component, application, delivery mode, end-user and region
Healthcare Analytics Type Outlook (Revenue, USD Million, 2019 – 2026)
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
- Cognitive Analytics
Healthcare Analytics Component Outlook (Revenue, USD Million, 2019 – 2026)
- Support Services
- Business Analytics Services
Healthcare Analytics Application Outlook (Revenue, USD Million, 2019 – 2026)
- Financial Analysis
- Claims Processing
- Revenue Cycle Management
- Payment Integrity and Fraud, Waste, & Abuse
- Risk Adjustment and Risk Assessment
- Operational & Administrative Analysis
- Supply Chain Analysis
- Workforce Analysis
- Strategic Analysis
- Clinical Analysis
- Quality Improvement and Clinical Benchmarking
- Clinical Decision Support
- Reporting and Compliance
- Comparative Analytics/Effectiveness
- Precision Health
- Medical Imaging Analytics
- Population Health Analytics
Healthcare Analytics Delivery Mode Outlook (Revenue, USD Million, 2019 – 2026)
- On-premise model
- On-demand model
Healthcare Analytics End User Outlook (Revenue, USD Million, 2019 – 2026)
- Private Insurance Companies
- Government Agencies
- Employers and Private Exchanges
- Hospitals, Physician Practices, and IDNs
- Post-acute Care Organizations
- Ambulatory Settings
Healthcare Analytics Regional Outlook (Revenue, USD Million, 2019 – 2026)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Saudi Arabia