Healthcare Analytics Market
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PUBLISHED: 2021 ID: SMRC20989
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Healthcare Analytics Market Forecasts to 2028 – Global Analysis By Type (Predictive, Cognitive), Component (Services, Software), Application (Financial Analytics, Administrative Analytics) and By Geography

5.0 (43 reviews)
5.0 (43 reviews)
Published: 2021 ID: SMRC20989

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Healthcare Analytics Market is accounted for $23.60 billion in 2020 and is expected to reach $114.31 billion by 2028 growing at a CAGR of 21.8% during the forecast period. Government initiatives to increase EHR adoption, growing venture capital investments and growing focus on real-world evidence are driving the market growth. However, high cost of analytics solutions and lack of skilled workforce are hampering the growth of the market.

Healthcare analytics provide real-time data that can help decide the course of future treatment of the patient and allows healthcare professionals to find opportunities to improve operations, patient engagement, care delivery, and clinical outcomes. Healthcare analytics solutions use vast amounts of collected data to provide organizations with actionable insights.

Based on the type, the descriptive analytics segment is going to have lucrative growth during the forecast period owing to the rising demand based on historic trends and datasets to acquire data-enriched insights to help businesses understand the current scenario more accurately. By geography, Asia Pacific is going to have high growth during the forecast period due to the growing e-health initiatives in developing nations of Asia-Pacific. Moreover, the adoption of advanced analytical solutions and the emergence of start-ups are boosting the growth and development of the market in the region.

Some of the key players profiled in the Healthcare Analytics Market include IBM, SCIO Health Analytics, Oracle, Health Catalyst, Wipro, VitreosHealth, McKesson Corporation, Medeanalytics, Inc., Optum, Inc., Cerner Corporation, Allscripts Healthcare Solutions, Inc., Verisk Analytics, Inc., IQVIA and SAS Institute Inc.

Types Covered:
• Predictive Analytics
• Cognitive Analytics
• Descriptive Analytics
• Prescriptive Analytics       

Components Covered:
• Services
• Software
• Hardware

Applications Covered:
• Population Health Analytics
• Clinical Analytics
• Financial Analytics
• Operation and Administrative Analytics

Mode of Deliveries Covered:
• On-Premise
• Cloud Based
• Web Hosted
• On-Demand   

End Users Covered:
• Academic Organizations
• Cross Industry
• Pharmaceutical Industry
• Life Science Companies
• Healthcare Providers
• Biotechnology Industry
• Accountable Care Organizations (ACOs), Health Information Exchanges (HIEs), Managed Care Organizations (MCOs), and Third-Party Administrators (TPAs)
• Electronic Medical Record (EMR) & Electronic Health Record (EHR) Vendors
• Healthcare Payers   

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary    
     
2 Preface    

 2.1 Abstract   
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology   
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions  
     
3 Market Trend Analysis    
 3.1 Introduction   
 3.2 Drivers   
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats   
 3.6 Application Analysis   
 3.7 End User Analysis   
 3.8 Emerging Markets   
 3.9 Impact of Covid-19   
     
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes    
 4.4 Threat of new entrants   
 4.5 Competitive rivalry   
     
5 Global Healthcare Analytics Market, By Type    
 5.1 Introduction   
 5.2 Predictive Analytics   
 5.3 Cognitive Analytics   
 5.4 Descriptive Analytics   
 5.5 Prescriptive Analytics       
     
6 Global Healthcare Analytics Market, By Component    
 6.1 Introduction   
 6.2 Services   
  6.2.1 Business Analytics Services  
  6.2.2 Support Services  
 6.3 Software    
 6.4 Hardware   
     
7 Global Healthcare Analytics Market, By Application    
 7.1 Introduction   
 7.2 Population Health Analytics   
 7.3 Clinical Analytics   
  7.3.1 Precision Health  
  7.3.2 Clinical Decision Support (CDS)  
  7.3.3 Comparative Analytics/Effectiveness  
  7.3.4 Reporting & Compliance  
  7.3.5 Medical Imaging Analytics  
  7.3.6 Quality Improvement & Clinical Benchmarking  
 7.4 Financial Analytics   
  7.4.1 Payment Integrity & Fraud, Waste, and Abuse (FWA)  
  7.4.2 Claims Processing  
  7.4.3 Risk Adjustment & Assessment  
  7.4.4 Revenue Cycle Management  (RCM)  
 7.5 Operation and Administrative Analytics   
  7.5.1 Workforce Analytics  
  7.5.2 Supply Chain Analytics  
  7.5.3 Strategic Analytics  
     
8 Global Healthcare Analytics Market, By Mode of Delivery    
 8.1 Introduction   
 8.2 On-Premise   
 8.3 Cloud Based   
 8.4 Web Hosted   
 8.5 On-Demand   
     
9 Global Healthcare Analytics Market, By End User    
 9.1 Introduction   
 9.2 Academic Organizations   
 9.3 Cross Industry   
 9.4 Pharmaceutical Industry   
 9.5 Life Science Companies   
 9.6 Healthcare Providers   
  9.6.1 Ambulatory Settings  
  9.6.2 Post-Acute Care Organizations (PACOs)  
  9.6.3 Hospitals & Clinics, Physician Practices, and Integrated Delivery Networks (IDNs)  
 9.7 Biotechnology Industry   
 9.8 Accountable Care Organizations (ACOs), Health Information Exchanges (HIEs), Managed Care Organizations (MCOs), and Third-Party Administrators (TPAs)   
 9.9 Electronic Medical Record (EMR) & Electronic Health Record (EHR) Vendors   
 9.10 Healthcare Payers   
  9.10.1 Employers and Private Exchanges  
  9.10.2 Government Agencies  
  9.10.3 Private Insurance Companies  
     
10 Global Healthcare Analytics Market, By Geography    
 10.1 Introduction   
 10.2 North America   
  10.2.1 US  
  10.2.2 Canada  
  10.2.3 Mexico  
 10.3 Europe   
  10.3.1 Germany  
  10.3.2 UK  
  10.3.3 Italy  
  10.3.4 France  
  10.3.5 Spain  
  10.3.6 Rest of Europe  
 10.4 Asia Pacific   
  10.4.1 Japan  
  10.4.2 China  
  10.4.3 India  
  10.4.4 Australia  
  10.4.5 New Zealand  
  10.4.6 South Korea  
  10.4.7 Rest of Asia Pacific  
 10.5 South America   
  10.5.1 Argentina  
  10.5.2 Brazil  
  10.5.3 Chile  
  10.5.4 Rest of South America  
 10.6 Middle East & Africa   
  10.6.1 Saudi Arabia  
  10.6.2 UAE  
  10.6.3 Qatar  
  10.6.4 South Africa  
  10.6.5 Rest of Middle East & Africa  
     
11 Key Developments    
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 11.2 Acquisitions & Mergers   
 11.3 New Product Launch   
 11.4 Expansions   
 11.5 Other Key Strategies   
     
12 Company Profiling    
 12.1 IBM    
 12.2 SCIO Health Analytics   
 12.3 Oracle   
 12.4 Health Catalyst   
 12.5 Wipro   
 12.6 VitreosHealth   
 12.7 McKesson Corporation   
 12.8 Medeanalytics, Inc.   
 12.9 Optum, Inc.   
 12.10 Cerner Corporation    
 12.11 Allscripts Healthcare Solutions, Inc.   
 12.12 Verisk Analytics, Inc.   
 12.13 IQVIA   
 12.14 SAS Institute Inc.   


List of Tables     
1 Global Healthcare Analytics Market Outlook, By Region (2019-2028) ($MN)    
2 Global Healthcare Analytics Market Outlook, By Type (2019-2028) ($MN)    
3 Global Healthcare Analytics Market Outlook, By Predictive Analytics (2019-2028) ($MN)    
4 Global Healthcare Analytics Market Outlook, By Cognitive Analytics (2019-2028) ($MN)    
5 Global Healthcare Analytics Market Outlook, By Descriptive Analytics (2019-2028) ($MN)    
6 Global Healthcare Analytics Market Outlook, By Prescriptive Analytics     (2019-2028) ($MN)    
7 Global Healthcare Analytics Market Outlook, By Component (2019-2028) ($MN)    
8 Global Healthcare Analytics Market Outlook, By Services (2019-2028) ($MN)    
9 Global Healthcare Analytics Market Outlook, By Business Analytics Services (2019-2028) ($MN)    
10 Global Healthcare Analytics Market Outlook, By Support Services (2019-2028) ($MN)    
11 Global Healthcare Analytics Market Outlook, By Software  (2019-2028) ($MN)    
12 Global Healthcare Analytics Market Outlook, By Hardware (2019-2028) ($MN)    
13 Global Healthcare Analytics Market Outlook, By Application (2019-2028) ($MN)    
14 Global Healthcare Analytics Market Outlook, By Population Health Analytics (2019-2028) ($MN)    
15 Global Healthcare Analytics Market Outlook, By Clinical Analytics (2019-2028) ($MN)    
16 Global Healthcare Analytics Market Outlook, By Precision Health (2019-2028) ($MN)    
17 Global Healthcare Analytics Market Outlook, By Clinical Decision Support (CDS) (2019-2028) ($MN)    
18 Global Healthcare Analytics Market Outlook, By Comparative Analytics/Effectiveness (2019-2028) ($MN)    
19 Global Healthcare Analytics Market Outlook, By Reporting & Compliance (2019-2028) ($MN)    
20 Global Healthcare Analytics Market Outlook, By Medical Imaging Analytics (2019-2028) ($MN)    
21 Global Healthcare Analytics Market Outlook, By Quality Improvement & Clinical Benchmarking (2019-2028) ($MN)    
22 Global Healthcare Analytics Market Outlook, By Financial Analytics (2019-2028) ($MN)    
23 Global Healthcare Analytics Market Outlook, By Payment Integrity & Fraud, Waste, and Abuse (FWA) (2019-2028) ($MN)    
24 Global Healthcare Analytics Market Outlook, By Claims Processing (2019-2028) ($MN)    
25 Global Healthcare Analytics Market Outlook, By Risk Adjustment & Assessment (2019-2028) ($MN)    
26 Global Healthcare Analytics Market Outlook, By Revenue Cycle Management  (RCM) (2019-2028) ($MN)    
27 Global Healthcare Analytics Market Outlook, By Operation and Administrative Analytics (2019-2028) ($MN)    
28 Global Healthcare Analytics Market Outlook, By Workforce Analytics (2019-2028) ($MN)    
29 Global Healthcare Analytics Market Outlook, By Supply Chain Analytics (2019-2028) ($MN)    
30 Global Healthcare Analytics Market Outlook, By Strategic Analytics (2019-2028) ($MN)    
31 Global Healthcare Analytics Market Outlook, By Mode of Delivery (2019-2028) ($MN)    
32 Global Healthcare Analytics Market Outlook, By On-Premise (2019-2028) ($MN)    
33 Global Healthcare Analytics Market Outlook, By Cloud Based (2019-2028) ($MN)    
34 Global Healthcare Analytics Market Outlook, By Web Hosted (2019-2028) ($MN)    
35 Global Healthcare Analytics Market Outlook, By On-Demand (2019-2028) ($MN)    
36 Global Healthcare Analytics Market Outlook, By End User (2019-2028) ($MN)    
37 Global Healthcare Analytics Market Outlook, By Academic Organizations (2019-2028) ($MN)    
38 Global Healthcare Analytics Market Outlook, By Cross Industry (2019-2028) ($MN)    
39 Global Healthcare Analytics Market Outlook, By Pharmaceutical Industry (2019-2028) ($MN)    
40 Global Healthcare Analytics Market Outlook, By Life Science Companies (2019-2028) ($MN)    
41 Global Healthcare Analytics Market Outlook, By Healthcare Providers (2019-2028) ($MN)    
42 Global Healthcare Analytics Market Outlook, By Ambulatory Settings (2019-2028) ($MN)    
43 Global Healthcare Analytics Market Outlook, By Post-Acute Care Organizations (PACOs) (2019-2028) ($MN)    
44 Global Healthcare Analytics Market Outlook, By Hospitals & Clinics, Physician Practices, and Integrated Delivery Networks (IDNs) (2019-2028) ($MN)    
45 Global Healthcare Analytics Market Outlook, By Biotechnology Industry (2019-2028) ($MN)    
46 Global Healthcare Analytics Market Outlook, By Accountable Care Organizations (ACOs), Health Information Exchanges (HIEs), Managed Care Organizations (MCOs), and Third-Party Administrators (TPAs) (2019-2028) ($MN)    
47 Global Healthcare Analytics Market Outlook, By Electronic Medical Record (EMR) & Electronic Health Record (EHR) Vendors (2019-2028) ($MN)    
48 Global Healthcare Analytics Market Outlook, By Healthcare Payers (2019-2028) ($MN)    
49 Global Healthcare Analytics Market Outlook, By Employers and Private Exchanges (2019-2028) ($MN)    
50 Global Healthcare Analytics Market Outlook, By Government Agencies (2019-2028) ($MN)    
51 Global Healthcare Analytics Market Outlook, By Private Insurance Companies (2019-2028) ($MN)    
     
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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