SELBYVILLE, Del., July 20, 2022 /PRNewswire/ -- Prominent players
operating in the healthcare analytics industry are IBM Corporation,
OptumHealth, Inc, McKesson Corporation, Allscripts Healthcare
Solution, Inc, Cerner Corporation, Athenahealth, Inc, Inovalon
Holding, Inc, Computer Programs and Systems, Inc, Change
Healthcare, Tenet Healthcare Corporation, GE Healthcare, Evolent
Health, Influence Health Inc, and Health Catalyst.
The healthcare analytics market value is expected to reach
USD 32.7 billion by 2030, according
to a new research report by Global Market Insights Inc.
Big data analytics is increasingly gaining prominence in the
healthcare sector. It has significantly changed the ways in which
healthcare data is managed, analysed, and leveraged across the
entire healthcare value chain. Healthcare analytics holds the
potential to reduce the treatment cost, predict disease outbreaks,
avoid preventable diseases, and enhance the quality of life. Until
recently, gathering such massive data for medical use was expensive
and time-consuming. With technological advancements and
modernization in healthcare analytics, it has become simple and
easy to collect such data and create comprehensive healthcare
reports.
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Healthcare analytics market from prescriptive analytics segment
exceeded USD 2 billion in 2021.
Prescriptive analytics holds the potential to make assessment about
patients preexisting health condition, risk for developing future
health conditions and can develop preventive treatment plans. It
helps organizations to avoid a negative circumstance. It requires
smooth and integrated data analytics infrastructure. As there will
be advances in internet of things, and machine learning,
prescriptive analytics has potential of becoming future of
healthcare and big data. The healthcare industry holds enormous
opportunity to take advantage of decision-making abilities of
prescriptive analytics.
Some major findings of the healthcare analytics market report
include:
- Increasing demand for advanced data analytics in healthcare is
driving the market expansion.
- Great potential of creating revolutionary changes in healthcare
system is fueling the business landscape.
- The need for effective clinical analytics systems in population
healthcare management is accelerating the market trends.
- The huge benefits associated with healthcare analytics in
hospitals is fostering the market demand.
- Industry players are focusing on various strategies such as
acquisition, business expansion and novel service launches to
consolidate their market presence.
Browse key industry insights spread across 163 pages with 173
market data tables & 16 figures & charts from the report,
"Healthcare Analytics Market Analysis By Product
(Descriptive Analytics, Predictive Analytics, Prescriptive
Analytics), Application (Operations Management, Financial
Management, Population Health Management, Clinical Management)
End-Use (Hospitals, Clinics), Industry Analysis Report, Regional
Outlook, Application Potential, Price Trends, Competitive Market
Share & Forecast, 2022 – 2030" in detail along with
the table of contents:
https://www.gminsights.com/industry-analysis/healthcare-analytics-market
Population health management segment is anticipated to expand
with a healthy CAGR of 11.9%, surpassing USD
8.4 billion by 2030. Population health management plays
vital role in improving community health. Data analytics can
assist population health management in enhancing patient results,
improving patient care management, and to mark community
determinants of health. For growth of population health management
in the healthcare system, systems are required to gather data from
various sources, apply analytics to it and manage the care for
population. The population health management process starts
with gathering key demographic and clinical data about patients,
frequently from electronic health records. It depends on data
analytics to identify populations needing care, calculate the care
provided to them, and provide care to the right people.
Healthcare analytics market from hospitals segment accounted for
71% revenue share in 2021 and is set to register a significant
CAGR through 2030. Hospitals are required to treat large number of
patients daily. Any emergency situations come up unknowingly for
which hospitals must be well prepared at any hour. It is not an
easy task to stay updated with various aspects that contribute to
preparedness. Nevertheless, healthcare analytics has huge potential
to benefit the hospitals in such times. Modern healthcare analytics
is enables hospitals by offering data governance without hindering
usability by setting specific user and dataset permissions.
Asia-Pacific healthcare
analytics market is estimated to show robust CAGR of 10.7% during
the forecast period. The rising geriatric population along with the
increasing burden of patients with chronic diseases and complex
health conditions, demand for healthcare systems with extensive
care. This requires excellent coordination between
multidisciplinary healthcare providers to reduce division of
existing care and implement effective changes in funding and policy
models. In developed nations, like China, Japan,
Singapore, South Korea, major worries are associated with
the aging population, declining birth rates, increasing costs, and
rising rates of non-communicable diseases.
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A few notable companies operating in the healthcare analytics
market include IBM Corporation, OptumHealth, Inc, McKesson
Corporation, Allscripts Healthcare Solution, Inc, Cerner
Corporation, Athenahealth, Inc, Inovalon Holding, Inc, Computer
Programs and Systems, Inc, Change Healthcare, Tenet Healthcare
Corporation, GE Healthcare, Evolent Health, Influence Health Inc,
and Health Catalyst, among others.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research
and consulting service provider, offering syndicated and custom
research reports along with growth consulting services. Our
business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially
designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research
methodology and are available for key industries such as chemicals,
advanced materials, technology, renewable energy, and
biotechnology.
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Corporate Sales, USA
Global Market Insights Inc.
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