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(MoneyNewsWire.Net, January 18, 2018 ) According to the report Healthcare Analytics Market, published by Market Data Forecast, the Global market is projected to reach USD 17.62 billion by 2022, at a CAGR of 25.41% from 2017 to 2022.
Healthcare analytics is a proof-based method of data collection from more than one sources and its detailed study which define specific trends and patterns for efficient and improved healthcare facilities. This has also helped to solve several difficulties in the healthcare sector.
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Healthcare Analytics Market: Drivers & Restraints
The evolution of big data, growing acceptance of IT in healthcare industry, new fields of prescriptive study, the digitalization of world finances, and increasing funding are some forces which are driving the market. Safety issues, problems with secrecy of the data, technological and traditional barriers, and absence of enough skilled workforce may restrict the growth of this sector across the globe. Also, the difficulties incurred in making world analytics network owing to disrupted international relations have also also acted as major threats for the market growth.
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Healthcare Analytics Market: Segmentation
By Type
Predictive Analytics
Descriptive/Retrospective Analytics
Prescriptive Analytics
By Application
Financial Analytics
Clinical Analytics
Operational
Administrative Analytics
By End Users
Public Health Systems
Healthcare Providers
Private Healthcare Providers
Monitoring Agencies
Health Insurance Companies
Clinical And Medical Research Bodies
Technology Vendors
By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at: http://www.marketdataforecast.com/market-reports/global-healthcare-analytics-market-45/customize-report
Healthcare Analytics Market: Overview
As of 2017, the global Healthcare Analytics Market was of worth USD 17.62 billion. Within the end users, the healthcare providers segment is expected to show the highest CAGR for the forecasting period. Federal mandates, for example, the introduction of EHRs and ICD-10 code sets, inclination for value-based medication, and the improved focus on quality assurance and decreased costs are leading to the growth of this segment
North America holds the biggest share among all other regions in the global market in 2017 and it will continue to lead the market in the mentioned period, majorly due to federal mandates promising Healthcare IT adoption in the region.
Healthcare Analytics Market: Key Players
The Healthcare Analytics Market is highly competitive with a large number of players such as Cerner Corporation, SAS Institute, Inc., Optum, Inc, Verisk Analytics, Inc, Oracle Corporation, MedeAnalytics, IBM Corporation, Health Catalyst and Truven Health Analytics Inc.
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