Healthcare Analytics Market Business Strategy, Overview, Competitive Strategies and Forecasts 2020 – 2027

The global healthcare analytics market is projected to reach value of USD 90.84 Billion by 2027, according to a current analysis by Emergen Research.

The latest market intelligence study on the Healthcare Analytics market brings in the best of both qualitative and quantitative assessment techniques to explore the market size, share, and status of the Healthcare Analytics market for the forecast period, 2020 – 2027. The extensive examination of the global business environment provides a detailed analysis of the key driving forces and challenges with the aim to give the stakeholders, business owners, and filed marketing executives a competitive advantage over others. The study further probes into prominent challenges, technology advancements, current trends and lucrative avenues often considered as the boosting elements for the Healthcare Analytics market for the forecast period, 2020 – 2027.

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Key Highlights of Report

In October 2020, TIBCO Software Inc. declared to have reached a contract to acquire Information Builders, Inc., a pioneering data analytics software provider. Through the addition of Information Builders, TIBCO would have exposure to a more extensive range of analytics and techniques, significantly improving the company’s ability to support other companies in overcoming the most difficult data quality issues.

The hardware segment is expected to lead the market throughout the forecast period. Healthcare analytics entail a robust networking infrastructure to collect, analyze, and deliver a large volume of data. High-cost of hardware components, such as computers’ components, is driving the segment.

The on-premises segment is expected to lead the market during the forecast period. Although a unit is located within the premises, it can also be conveniently accessible from distant locations, offering high energy use, reduced costs, and benefits in terms of operating.

The descriptive analytics segment is anticipated to lead the market in the next few years. Capabilities of descriptive analytics to evaluate historical insights and to gain viable future analyses are projected to fuel the segment in the near future.

The financial analysis segment is projected to retain the largest market share during the forecast period, due to growing utilization of the analytics to minimize health care costs and provide better treatment quality to patients.

The healthcare payer segment is estimated to hold the largest market share during the forecast period. Such programs help payers identify improvement points in clinical practice, incorporate new approaches to address high-risk patients, and promote observable outcomes.

North America is projected to lead the global market for healthcare analytics during the forecast period, due to increasing implementation of electronic health records (EHRs) and rising federal legislations on clinical care to mitigate healthcare expenses and offer improved treatment to patients.

Key market participants include Health Catalyst Inc., MedeAnalytics, Inc., Athenahealth Inc., Tenet Healthcare Corporation, Evolent Health, Oracle Corporation, Verisk Analytics, Inc., Epic Systems Corporation, TIBCO Software Inc., and SAP SE

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Component Outlook (Revenue, USD Billion; 2017–2027)

Software

Hardware

Services

Deployment Outlook (Revenue, USD Billion; 2017–2027)

Cloud-based

On-premises

Solution Outlook (Revenue, USD Billion; 2017–2027)

Predictive Analytics

Descriptive Analytics

Prescriptive Analytics

Application Outlook (Revenue, USD Billion; 2017–2027)

Clinical Analysis

Financial Analysis

Administrative & Operational Analysis

End-use Outlook (Revenue, USD Billion; 2017–2027)

Healthcare Provider

Healthcare Payer

Key questions answered in the report

What will be the market size in terms of value and volume in the next five years?

Which segment is currently leading the market?

In which region will the market find its highest growth?

Which players will take the lead in the market?

What are the key drivers and restraints of the market’s growth?

The latest research report on the Healthcare Analytics market for the forecast period, 2020 – 2027 is involved in screening the business environment and the companies operating in the Healthcare Analytics industry. Importantly, the research sheds a lot of light on their winning strategies to help stakeholders, business owners, and field marketing executives stay ahead in the competition. Besides, the industry is thoroughly weighed upon on the basis of the total revenue generated as well as the output/volume produced year after year.  Other aspects including but not limited to the market drivers, key opportunities and probable restraints are thoroughly assessed during the study.

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Table of Content

Chapter 1. Methodology & Sources

1.1. Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Healthcare Analytics Market Segmentation & Impact Analysis

4.1. Healthcare Analytics Market Material Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Market indicators analysis

4.2.2. Market drivers analysis

4.2.2.1. Stringent environmental regulations

4.2.2.2. Rising need to reduce bacterial or algal contamination in water systems

4.2.2.3. Increasing demand for biocides for municipal water treatment

4.2.3. Market restraints analysis

4.2.3.1. Fluctuating prices of raw material

4.2.3.2. Present challenging economic conditions due to the pandemic

4.3. Technological Insights

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.6. Competitive Metric Space Analysis

4.7. Price trend Analysis

4.8. Covid-19 Impact Analysis

Chapter 5. Healthcare Analytics Market By Application Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)

Chapter 6. Healthcare Analytics Market By Product type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)

Chapter 7. Healthcare Analytics Market Regional Outlook

Chapter 8. Competitive Landscape

Continued…

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