Global Healthcare Analytics Market by Type (Descriptive, Prescriptive, Cognitive), Component (Services, Hardware), Application (Financial, RCM, Fraud, Clinical), Deployment (On-premise, Cloud), End-user (Providers, Payer) - Global Forecast to 2027

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Global Healthcare Analytics Market

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Global Healthcare Analytics Market by Type (Descriptive, Prescriptive, Cognitive), Component (Services, Hardware), Application (Financial, RCM, Fraud, Clinical), Deployment (On-premise, Cloud), End-user (Providers, Payer) - Global Forecast to 2027
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Global Healthcare Analytics Market by Type (Descriptive, Prescriptive, Cognitive), Component (Services, Hardware), Application (Financial, RCM, Fraud, Clinical), Deployment (On-premise, Cloud), End-user (Providers, Payer) - Global Forecast to 2027
Published: October-2021 Report Code: HLCA2117 Available Format: Pages: 1-213
Category : Health Care
The global Healthcare analytics market is expected to grow at a CAGR of ~26% from 2021 to reach USD 85.8 billion by 2027. The growth is primarily attributed to government initiatives, growing investments, increasing EHR adoption, emphasis on reducing healthcare expenditure, and evolution of big data in healthcare. However, lack of skilled personnel and high cost of analytics can pose a significant challenge. Growing focus on value-based care, increasing focus on AR/VR analytics, and rising adoption of analytics in emerging countries offer significant opportunities. 



By Type: Descriptive analytics dominated the healthcare analytics market in 2020 
By type, healthcare analytics market is segmented into descriptive, predictive, prescriptive and cognitive analytics. Descriptive analytics segment accounted for the largest share of healthcare analytics market. The largest share of this segment is mainly due to its use in the effective application of predictive/prescriptive analytics. 

By Application: Financial analytics held largest share in the healthcare analytics market in 2020 
On the basis of application, healthcare analytics market is segmented into financial analytics, clinical analytics, operational & administrative analytics and population health analytics. Healthcare analytics segment held largest share in 2020. The largest share of this segment is mainly attributed to emphasis on cost-cutting and to increase profitability.

By Deployment model, on-premise solutions accounted for the largest market share in 2020 
Healthcare analytics market is segmented into on-premise and on-demand models on the basis of deployment model. On-premise model accounted for largest market share in 2020. The large share of this segment can be ascribed by convenient customization available in this model.

By End User: Healthcare analytics market held largest market share in payers in end user segment
Based on the end user segregation, payers accounted for largest market share in 2020. Rising healthcare expenditure, increasing need for membership expansion, optimization of provider networks and increasing competition are key factors driving the growth of this market segment. 

By Region: APAC is the fastest growing regional market
In 2020, North America accounted for the largest share of healthcare analytics market. The largest share of this regional segment is mainly due to rising EHR adoption, government initiatives, emphasis on curbing the healthcare cost and improving regulatory framework. On the other hand, APAC is expected to grow at a highest rate. Highest CAGR of this market is primarily due to growing adoption and rising investments in these countries.

Competitive Scenario
Key players operating in this market are 
  • Allscripts (US)
  • Cerner (US)
  • Citius Tech (US)
  • Cotiviti (Verscend Technologies)
  • Health Catalyst (US)
  • IBM (US)
  • Innovalon (US)
  • McKesson (US)
  • MedeAnalytics (US)
  • Optum (US)
  • Oracle (US)
  • SAS Institute (US)
  • SCIO Health Analytics (US)
  • Viteros Health (US)
  • And Wipro (India)

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. COVID-19 Impact of the Healthcare Analytics Market

5. Industry Insights
5.1. Introduction
5.2. Industry Trends

6. Global Healthcare Analytics Market, By Type, 2019-2027 (USD Million)
6.1. Introduction
6.2. Descriptive Analytics
6.3. Predictive Analytics
6.4. Prescriptive Analytics
6.5. Cognitive Analytics

7. Global Healthcare Analytics Market, By Component, 2019-2027 (USD Million)
7.1. Service
7.2. Software
7.3. Hardware 

8. Global Healthcare Analytics Market, By Application, 2019-2027 (USD Million)
8.1. Financial analysis
8.2. Operational & Administrative analysis
8.3. Clinical analysis
8.4. Population health analysis

9. Global Healthcare Analytics Market, By Delivery mode, 2019-2027 (USD Million)
9.1. On-premise
9.2. On-demand 

10. Global Healthcare Analytics Market, By End user, 2019-2027 (USD Million)
10.1. Payers
10.2. Providers
10.3. Others (Health information exchanges (HIEs), accountable care organizations (ACOs), managed care organizations (MCOs), and third-party administrators (TPAs))

11. Global Healthcare Analytics Market, By Geography, 2019-2027 (USD Million)
11.1. North America
11.1.1. US
11.1.2. Canada
11.2. Europe
11.2.1. Germany
11.2.2. UK
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. Japan
11.3.3. India
11.3.4. Rest of Asia-Pacific
11.4. Rest of the World
11.4.1. Latin America
11.4.2. Middle East & Africa

12. Competitive Landscape
12.1. Introduction
12.2. Market Share\Ranking Analysis, By key Players, 2020
12.3. Competitive Situation and Trends
12.3.1. Product Launches
12.3.2. Partnerships, Collaborations and Agreements
12.3.3. Acquisitions
12.3.4. Expansions
12.3.5. Other Developments

13. Company Profiles
13.1. Allscripts (US)
13.2. Cerner (US)
13.3. Citius Tech (US)
13.4. Cotiviti (Verscend Technologies)
13.5. Health Catalyst (US)
13.6. IBM (US)
13.7. Innovalon (US)
13.8. McKesson (US)
13.9. MedeAnalytics (US)
13.10. Optum (US)
13.11. Oracle (US)
13.12. SAS Institute (US)
13.13. SCIO Health Analytics (US)
13.14. Viteros Health (US)
13.15. Wipro (India)

14. Appendix

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Global Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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