Healthcare Analytics - Global Market Outlook (2017-2026)
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:
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
- Predictive Analytics
- Prescriptive Analytics
- Descriptive Analytics
- On-Premise Healthcare Analytics
- Cloud-based
- Web-based
- Clinical Data Analytics
- Operational and Administrative Analytics
- Financial Data Analytics
- Population Health Analytics
- Pharmaceutical Industry
- Academic Organization
- Biotechnology Industry
- Healthcare Provider
- Monitoring Agencies
- 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
- 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
10.1 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
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
10.1 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
Table 1 Global Healthcare Analytics Market Outlook, By Region (2016-2026) ($MN)
Table 2 Global Healthcare Analytics Market Outlook, By Component (2016-2026) ($MN)
Table 3 Global Healthcare Analytics Market Outlook, By Hardware (2016-2026) ($MN)
Table 4 Global Healthcare Analytics Market Outlook, By Software (2016-2026) ($MN)
Table 5 Global Healthcare Analytics Market Outlook, By Services (2016-2026) ($MN)
Table 6 Global Healthcare Analytics Market Outlook, By Business Analytics Services (2016-2026) ($MN)
Table 7 Global Healthcare Analytics Market Outlook, By Support Services (2016-2026) ($MN)
Table 8 Global Healthcare Analytics Market Outlook, By Type (2016-2026) ($MN)
Table 9 Global Healthcare Analytics Market Outlook, By Predictive Analytics (2016-2026) ($MN)
Table 10 Global Healthcare Analytics Market Outlook, By Prescriptive Analytics (2016-2026) ($MN)
Table 11 Global Healthcare Analytics Market Outlook, By Descriptive Analytics (2016-2026) ($MN)
Table 12 Global Healthcare Analytics Market Outlook, By Delivery Model (2016-2026) ($MN)
Table 13 Global Healthcare Analytics Market Outlook, By On-Premise Healthcare Analytics (2016-2026) ($MN)
Table 14 Global Healthcare Analytics Market Outlook, By Cloud-based (2016-2026) ($MN)
Table 15 Global Healthcare Analytics Market Outlook, By Web-based (2016-2026) ($MN)
Table 16 Global Healthcare Analytics Market Outlook, By Application (2016-2026) ($MN)
Table 17 Global Healthcare Analytics Market Outlook, By Clinical Data Analytics (2016-2026) ($MN)
Table 18 Global Healthcare Analytics Market Outlook, By Client Relationship Management (2016-2026) ($MN)
Table 19 Global Healthcare Analytics Market Outlook, By Hospital/Clinical Data Management and Curation (2016-2026) ($MN)
Table 20 Global Healthcare Analytics Market Outlook, By Quality Healthcare (2016-2026) ($MN)
Table 21 Global Healthcare Analytics Market Outlook, By Regulatory Reporting and Compliance (2016-2026) ($MN)
Table 22 Global Healthcare Analytics Market Outlook, By Healthcare Workers Performance Evaluation (2016-2026) ($MN)
Table 23 Global Healthcare Analytics Market Outlook, By Operational and Administrative Analytics (2016-2026) ($MN)
Table 24 Global Healthcare Analytics Market Outlook, By Workforce Analytics (2016-2026) ($MN)
Table 25 Global Healthcare Analytics Market Outlook, By Strategic Analytics (2016-2026) ($MN)
Table 26 Global Healthcare Analytics Market Outlook, By Supply Chain Analytics (2016-2026) ($MN)
Table 27 Global Healthcare Analytics Market Outlook, By Financial Data Analytics (2016-2026) ($MN)
Table 28 Global Healthcare Analytics Market Outlook, By Revenue Cycle Management (RCM) (2016-2026) ($MN)
Table 29 Global Healthcare Analytics Market Outlook, By Insurance Claim Analytics (2016-2026) ($MN)
Table 30 Global Healthcare Analytics Market Outlook, By Payment Integrity and Fraud, Waste, and Abuse (FWA) (2016-2026) ($MN)
Table 31 Global Healthcare Analytics Market Outlook, By Financial Data Analytics (2016-2026) ($MN)
Table 32 Global Healthcare Analytics Market Outlook, By Claims Processing (2016-2026) ($MN)
Table 33 Global Healthcare Analytics Market Outlook, By Population Health Analytics (2016-2026) ($MN)
Table 34 Global Healthcare Analytics Market Outlook, By Population Care Management (2016-2026) ($MN)
Table 35 Global Healthcare Analytics Market Outlook, By Population Risk Management (2016-2026) ($MN)
Table 36 Global Healthcare Analytics Market Outlook, By Activity-Based Costing (2016-2026) ($MN)
Table 37 Global Healthcare Analytics Market Outlook, By Patient Engagement (2016-2026) ($MN)
Table 38 Global Healthcare Analytics Market Outlook, By Clinical Outcome Management (2016-2026) ($MN)
Table 39 Global Healthcare Analytics Market Outlook, By End User (2016-2026) ($MN)
Table 40 Global Healthcare Analytics Market Outlook, By Pharmaceutical Industry (2016-2026) ($MN)
Table 41 Global Healthcare Analytics Market Outlook, By Academic Organization (2016-2026) ($MN)
Table 42 Global Healthcare Analytics Market Outlook, By Biotechnology Industry (2016-2026) ($MN)
Table 43 Global Healthcare Analytics Market Outlook, By Healthcare Provider (2016-2026) ($MN)
Table 44 Global Healthcare Analytics Market Outlook, By Monitoring Agencies (2016-2026) ($MN)
Note: Regional tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are presented in similar manner as the above.
Table 1 Global Healthcare Analytics Market Outlook, By Region (2016-2026) ($MN)
Table 2 Global Healthcare Analytics Market Outlook, By Component (2016-2026) ($MN)
Table 3 Global Healthcare Analytics Market Outlook, By Hardware (2016-2026) ($MN)
Table 4 Global Healthcare Analytics Market Outlook, By Software (2016-2026) ($MN)
Table 5 Global Healthcare Analytics Market Outlook, By Services (2016-2026) ($MN)
Table 6 Global Healthcare Analytics Market Outlook, By Business Analytics Services (2016-2026) ($MN)
Table 7 Global Healthcare Analytics Market Outlook, By Support Services (2016-2026) ($MN)
Table 8 Global Healthcare Analytics Market Outlook, By Type (2016-2026) ($MN)
Table 9 Global Healthcare Analytics Market Outlook, By Predictive Analytics (2016-2026) ($MN)
Table 10 Global Healthcare Analytics Market Outlook, By Prescriptive Analytics (2016-2026) ($MN)
Table 11 Global Healthcare Analytics Market Outlook, By Descriptive Analytics (2016-2026) ($MN)
Table 12 Global Healthcare Analytics Market Outlook, By Delivery Model (2016-2026) ($MN)
Table 13 Global Healthcare Analytics Market Outlook, By On-Premise Healthcare Analytics (2016-2026) ($MN)
Table 14 Global Healthcare Analytics Market Outlook, By Cloud-based (2016-2026) ($MN)
Table 15 Global Healthcare Analytics Market Outlook, By Web-based (2016-2026) ($MN)
Table 16 Global Healthcare Analytics Market Outlook, By Application (2016-2026) ($MN)
Table 17 Global Healthcare Analytics Market Outlook, By Clinical Data Analytics (2016-2026) ($MN)
Table 18 Global Healthcare Analytics Market Outlook, By Client Relationship Management (2016-2026) ($MN)
Table 19 Global Healthcare Analytics Market Outlook, By Hospital/Clinical Data Management and Curation (2016-2026) ($MN)
Table 20 Global Healthcare Analytics Market Outlook, By Quality Healthcare (2016-2026) ($MN)
Table 21 Global Healthcare Analytics Market Outlook, By Regulatory Reporting and Compliance (2016-2026) ($MN)
Table 22 Global Healthcare Analytics Market Outlook, By Healthcare Workers Performance Evaluation (2016-2026) ($MN)
Table 23 Global Healthcare Analytics Market Outlook, By Operational and Administrative Analytics (2016-2026) ($MN)
Table 24 Global Healthcare Analytics Market Outlook, By Workforce Analytics (2016-2026) ($MN)
Table 25 Global Healthcare Analytics Market Outlook, By Strategic Analytics (2016-2026) ($MN)
Table 26 Global Healthcare Analytics Market Outlook, By Supply Chain Analytics (2016-2026) ($MN)
Table 27 Global Healthcare Analytics Market Outlook, By Financial Data Analytics (2016-2026) ($MN)
Table 28 Global Healthcare Analytics Market Outlook, By Revenue Cycle Management (RCM) (2016-2026) ($MN)
Table 29 Global Healthcare Analytics Market Outlook, By Insurance Claim Analytics (2016-2026) ($MN)
Table 30 Global Healthcare Analytics Market Outlook, By Payment Integrity and Fraud, Waste, and Abuse (FWA) (2016-2026) ($MN)
Table 31 Global Healthcare Analytics Market Outlook, By Financial Data Analytics (2016-2026) ($MN)
Table 32 Global Healthcare Analytics Market Outlook, By Claims Processing (2016-2026) ($MN)
Table 33 Global Healthcare Analytics Market Outlook, By Population Health Analytics (2016-2026) ($MN)
Table 34 Global Healthcare Analytics Market Outlook, By Population Care Management (2016-2026) ($MN)
Table 35 Global Healthcare Analytics Market Outlook, By Population Risk Management (2016-2026) ($MN)
Table 36 Global Healthcare Analytics Market Outlook, By Activity-Based Costing (2016-2026) ($MN)
Table 37 Global Healthcare Analytics Market Outlook, By Patient Engagement (2016-2026) ($MN)
Table 38 Global Healthcare Analytics Market Outlook, By Clinical Outcome Management (2016-2026) ($MN)
Table 39 Global Healthcare Analytics Market Outlook, By End User (2016-2026) ($MN)
Table 40 Global Healthcare Analytics Market Outlook, By Pharmaceutical Industry (2016-2026) ($MN)
Table 41 Global Healthcare Analytics Market Outlook, By Academic Organization (2016-2026) ($MN)
Table 42 Global Healthcare Analytics Market Outlook, By Biotechnology Industry (2016-2026) ($MN)
Table 43 Global Healthcare Analytics Market Outlook, By Healthcare Provider (2016-2026) ($MN)
Table 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.
