The Global Healthcare Analytics Market Report by The Business Research Company covers healthcare analytics market drivers and restraints, healthcare analytics market size, major players, and the impact of COVID-19 on the healthcare analytics market.
The healthcare analytics market consists of sales of healthcare analytics and related goods by entities (organizations, sole traders and partnerships) that provide healthcare analytics. Analytics is the systematic use of data and related business insights developed through various analytical models such as statistical, cognitive, contextual, predictive, quantitative and other emerging models to initiate fact-based decision making for planning, measurement, management and learning. These analytics may be predictive, descriptive, and prescriptive.
The global market for healthcare analytics was valued at USD 11.3 billion in 2017 and is expected to reach USD 34.1 billion by 2022, growing at a CAGR of 24.8%.
The increasing use of analytics by healthcare organizations to understand the readmission rates and compulsory policies by CMS further enhances the growth of this market. Healthcare organizations need to prepare and understand their readmission metrics, calculate their readmission rates by condition and physical performance and compare outcomes with benchmark rates. This is a highly data-intensive analytical process that will benefit healthcare providers by reducing penalties or, better yet, avoiding them. Providers can also use patients’ demographic data to conduct a risk assessment, identify at-risk patients and prioritize their treatment.
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Global healthcare analytics market segments include:
1) By Type Of Technology: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics
2) By Application: Clinical Data Analytics, Administrative & Operational, Financial Analytics, Others
3) By Component: Hardware, Software, Services
4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Healthcare Analytics Global Market Report 2021: Forecast To 2022 is one of a series of new reports from The Business Research Company that provides healthcare analytics market overviews, analyzes and forecasts market size, share, healthcare analytics market players, healthcare analytics market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The healthcare analytics identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Healthcare Analytics Global Market Report 2021: Forecast To 2022 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: IBM (International Business Machines Corporation), Oracle Corporation, McKesson Corporation, Truven Health Analytics (Private Subsidiary), Cerner Corporation
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Healthcare Analytics Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Healthcare Analytics Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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