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Global Healthcare Analytics Market Analysis
According to Verified Market Research, the Global Healthcare Analytics Market was valued at USD 10.41 Billion in 2018 and is projected to grow at a CAGR of 27.17% to reach USD 71.80 Billion by 2026, over the forecast period.
What is Healthcare Analytics?
Healthcare analytics can be defined as a branch of analysis that emphases on contributing perceptions and comprehensions into hospital management, patient records, costs, diagnoses, and more. The field refuges a broad ribbon of the healthcare industry, offering insights on both the macro and micro level. With growing scope of big data analytics, the market growth rate for healthcare analytics will also increase over the forecast period.
Global Healthcare Analytics Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Increasing venture capital investments and rising investments made in the healthcare industry is expected to boost the market for healthcare analytics. However, high initial cost of investment could affect the market growth rate for Healthcare Analytics.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The "Global Healthcare Analytics Market" is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Healthcare Analytics Market Competitive Landscape
The "Healthcare Analytics Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as IBM Corporation, SAS Institute, Inc., Allscripts Health Solutions, McKesson Corporation, MedeAnalytics, Inc., Oracle Corporation, Health Catalyst, SCIO Health Analytics, Verscend Technologies, Inc., CitiusTech, Inc., Wipro Limited, and VitreosHealth. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Healthcare Analytics Market Segmentation, by Component
On the basis of Component, Healthcare Analytics Market is segmented into:
Global Healthcare Analytics Market Segmentation, by Type
On the basis of Type, Healthcare Analytics is segmented into
• Descriptive Analytics
• Predictive Analytics
• Prescriptive Analytics
• Cognitive Analytics
Global Healthcare Analytics Market Segmentation, by Application
On the basis of Application, Healthcare Analytics is segmented into
• Financial Analytics
• Clinical Analytics
• Operational & Administrative Analytics
• Population Health Analytics
Global Healthcare Analytics Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post sales analyst support
Customization of the Report
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