Healthcare Analytics - Global Market Outlook (2017-2026)

Healthcare Analytics - Global Market Outlook (2017-2026)

  • Published: August 2018
  • ID: SMRC17466

According to Stratistics MRC, the Global Healthcare Analytics market is expected to grow from $10.01 billion in 2017 to reach $75.84 billion by 2026 with a CAGR of 25.2%. Rising venture capital investments, growing government initiatives to raise electronic health record (EHR) adoption and increasing focus on improving patient outcomes are some of the key factors propelling the market growth. However, huge cost of analytics solutions and lack of skilled personnel are some of the factors hampering the market growth. One of the major opportunities in the market is emergence of social media and its impact on the healthcare business.

Healthcare analytics technology uses data for quantitative and qualitative analysis, is undergoing an industry transformation from volume-based medicines and reimbursement to value-based medicines and reimbursement. It has been increasingly occupying a vital role in global healthcare systems for boosting patient outcomes and improving the quality of care at affordable cost. Healthcare organizations world over are increasingly leveraging the potential of data-backed decisions to develop patient engagement and experience. Additionally, it offers healthcare institutions crucial insights into revenue and risk models.

By application, the clinical data analytics segment has acquired the significant growth due to the rising adoption of analytics by healthcare providers owing to the increasing pressure to curb healthcare cost, growing adoption of electronic healthcare records, need to improve patient outcomes and reduce hospital readmission rates and increasing focus on personalized medicine-based analytics.

Based on Geography, North America is estimated to account for the largest market share during the forecast period. Factors such as the increasing federal healthcare mandates to control rising healthcare costs and provide quality care, rising regulatory requirements, growing EHR adoption are expected to drive the market growth.

Some of the key players in the Healthcare Analytics market include IBM Corporation, Oracle Corporation, Humedica, Inc., Metric Insights, Inc., Paradigm4, Rapid Insight, Inc., Truven Health Analytics, Inovalon, Inc., MedeAnalytics, Inc., McKesson Corporation, Optum Inc., Cerner Corporation, Vitreoshealth, Scio Health Analytics and Verscend Technologies.

Components Covered:
• Hardware
• Software
• Services

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

Delivery Models Covered:
• On-Premise Healthcare Analytics
• Cloud-based
• Web-based

Applications Covered:
• Clinical Data Analytics
• Operational and Administrative Analytics
• Financial Data Analytics
• Population Health Analytics

End Users Covered:
• Pharmaceutical Industry
• Academic Organization
• Biotechnology Industry
• Healthcare Provider
• Monitoring Agencies

Regions Covered:

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

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- 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

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 Futuristic Market Scenario      
          
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 Component    
 5.1 Introduction       
 5.2 Hardware       
 5.3 Software        
 5.4 Services        
  5.4.1 Business Analytics Services     
  5.4.2 Support Services      
          
6 Global Healthcare Analytics Market, By Type     
 6.1 Introduction       
 6.2 Predictive Analytics       
 6.3 Prescriptive Analytics      
 6.4 Descriptive Analytics       
          
7 Global Healthcare Analytics Market, By Delivery Model    
 7.1 Introduction        
 7.2 On-Premise Healthcare Analytics      
 7.3 Cloud-based       
 7.4 Web-based       
          
8 Global Healthcare Analytics Market, By Application     

 8.1 Introduction       
 8.2 Clinical Data Analytics       
  8.2.1 Client Relationship Management    
  8.2.2 Hospital/Clinical Data Management and Curation   
  8.2.3 Quality Healthcare      
  8.2.4 Regulatory Reporting and Compliance    
  8.2.5 Healthcare Workers Performance Evaluation   
 8.3 Operational and Administrative Analytics     
  8.3.1 Workforce Analytics     
  8.3.2 Strategic Analytics      
  8.3.3 Supply Chain Analytics     
 8.4 Financial Data Analytics      
  8.4.1 Revenue Cycle Management (RCM)    
  8.4.2 Insurance Claim Analytics     
  8.4.3 Payment Integrity and Fraud, Waste, and Abuse (FWA)  
  8.4.4 Risk Adjustment and Risk Assessment    
  8.4.5 Financial Data Analytics     
  8.4.6 Claims Processing      
 8.5 Population Health Analytics      
  8.5.1 Population Care Management     
  8.5.2 Population Risk Management     
  8.5.3 Activity-Based Costing     
  8.5.4 Patient Engagement     
  8.5.5 Clinical Outcome Management    
          
9 Global Healthcare Analytics Market, By End User     
 9.1 Introduction       
 9.2 Pharmaceutical Industry      
 9.3 Academic Organization      
 9.4 Biotechnology Industry      
 9.5 Healthcare Provider       
 9.6 Monitoring Agencies      
          
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 Corporation                    
 12.2 Oracle Corporation                    
 12.3 Humedica, Inc.                      
 12.4 Metric Insights, Inc.                    
 12.5 Paradigm4                        
 12.6 Rapid Insight, Inc.                    
 12.7 Truven Health Analytics                   
 12.8 Inovalon, Inc.,                      
 12.9 MedeAnalytics, Inc.                     
 12.10 McKesson Corporation      
 12.11 Optum Inc.        
 12.12 Cerner Corporation              
 12.13 Vitreoshealth       
 12.14 Scio Health Analytics       
 12.15 Verscend Technologies      


List of Tables         
1 Global Healthcare Analytics Market Outlook, By Region (2016-2026) ($MN)  
2 Global Healthcare Analytics Market Outlook, By Component (2016-2026) ($MN)  
3 Global Healthcare Analytics Market Outlook, By Hardware (2016-2026) ($MN)  
4 Global Healthcare Analytics Market Outlook, By Software (2016-2026) ($MN)  
5 Global Healthcare Analytics Market Outlook, By Services (2016-2026) ($MN)  
6 Global Healthcare Analytics Market Outlook, By Business Analytics Services (2016-2026) ($MN)
7 Global Healthcare Analytics Market Outlook, By Support Services (2016-2026) ($MN) 
8 Global Healthcare Analytics Market Outlook, By Type (2016-2026) ($MN)   
9 Global Healthcare Analytics Market Outlook, By Predictive Analytics  (2016-2026) ($MN) 
10 Global Healthcare Analytics Market Outlook, By Prescriptive Analytics (2016-2026) ($MN) 
11 Global Healthcare Analytics Market Outlook, By Descriptive Analytics  (2016-2026) ($MN) 
12 Global Healthcare Analytics Market Outlook, By Delivery Model (2016-2026) ($MN)  
13 Global Healthcare Analytics Market Outlook, By On-Premise Healthcare Analytics  (2016-2026) ($MN)
14 Global Healthcare Analytics Market Outlook, By Cloud-based (2016-2026) ($MN)  
15 Global Healthcare Analytics Market Outlook, By Web-based (2016-2026) ($MN)  
16 Global Healthcare Analytics Market Outlook, By Application (2016-2026) ($MN)  
17 Global Healthcare Analytics Market Outlook, By Clinical Data Analytics  (2016-2026) ($MN) 
18 Global Healthcare Analytics Market Outlook, By Client Relationship Management (2016-2026) ($MN)
19 Global Healthcare Analytics Market Outlook, By Hospital/Clinical Data Management and Curation (2016-2026) ($MN)
20 Global Healthcare Analytics Market Outlook, By Quality Healthcare (2016-2026) ($MN) 
21 Global Healthcare Analytics Market Outlook, By Regulatory Reporting and Compliance (2016-2026) ($MN)
22 Global Healthcare Analytics Market Outlook, By Healthcare Workers Performance Evaluation (2016-2026) ($MN)
23 Global Healthcare Analytics Market Outlook, By Operational and Administrative Analytics  (2016-2026) ($MN)
24 Global Healthcare Analytics Market Outlook, By Workforce Analytics (2016-2026) ($MN) 
25 Global Healthcare Analytics Market Outlook, By Strategic Analytics (2016-2026) ($MN) 
26 Global Healthcare Analytics Market Outlook, By Supply Chain Analytics (2016-2026) ($MN) 
27 Global Healthcare Analytics Market Outlook, By Financial Data Analytics (2016-2026) ($MN) 
28 Global Healthcare Analytics Market Outlook, By Revenue Cycle Management (RCM) (2016-2026) ($MN)
29 Global Healthcare Analytics Market Outlook, By Insurance Claim Analytics (2016-2026) ($MN) 
30 Global Healthcare Analytics Market Outlook, By Payment Integrity and Fraud, Waste, and Abuse (FWA) (2016-2026) ($MN)
31 Global Healthcare Analytics Market Outlook, By Financial Data Analytics (2016-2026) ($MN) 
32 Global Healthcare Analytics Market Outlook, By Claims Processing (2016-2026) ($MN) 
33 Global Healthcare Analytics Market Outlook, By Population Health Analytics (2016-2026) ($MN)
34 Global Healthcare Analytics Market Outlook, By Population Care Management (2016-2026) ($MN)
35 Global Healthcare Analytics Market Outlook, By Population Risk Management (2016-2026) ($MN)
36 Global Healthcare Analytics Market Outlook, By Activity-Based Costing (2016-2026) ($MN) 
37 Global Healthcare Analytics Market Outlook, By Patient Engagement (2016-2026) ($MN) 
38 Global Healthcare Analytics Market Outlook, By Clinical Outcome Management (2016-2026) ($MN)
39 Global Healthcare Analytics Market Outlook, By End User (2016-2026) ($MN)  
40 Global Healthcare Analytics Market Outlook, By Pharmaceutical Industry (2016-2026) ($MN) 
41 Global Healthcare Analytics Market Outlook, By Academic Organization (2016-2026) ($MN) 
42 Global Healthcare Analytics Market Outlook, By Biotechnology Industry (2016-2026) ($MN) 
43 Global Healthcare Analytics Market Outlook, By Healthcare Provider (2016-2026) ($MN) 
44 Global Healthcare Analytics Market Outlook, By Monitoring Agencies (2016-2026) ($MN) 
          
Note: Regional tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are presented in similar manner as the above.

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