Healthcare Analytics Global Market Regional Analysis And Forecast 2022

Analytics can be used on the data of patients with chronic conditions, to identify target populations and enhance patient monitoring with appropriate post-discharge plans that reduce readmissions.

Hospitals and Healthcare clinics are now using healthcare analytics to manage the number of workers working in a particular shift, for instance, a hospital in Paris uses healthcare analytics to predict the number of patients that may be hospitalized.

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Companies Mentioned in Healthcare Analytics Market Report:

• IBM,
• Oracle Corporation,
• McKesson Corporation,
• Truven Health Analytics
• Cerner Corporation.

Healthcare Analytics Market Charecterstics

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.

Healthcare Analytics Market Size

The global market for healthcare analytics market is expected to reach higher than $35 million by 2022, growing at a double digital CAGR. The growth in the healthcare analytics market is mainly due to increasing availibility of big data in healthcare industry, pressure to reduce costs and integration of advanced technologies in the healthcare industry.

However, the global healthcare analytics market is expected to face restraints from several factors which include poor standardization, lack of skilled professionals and data integration.

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Healthcare Analytics Market Segmentation

The global healthcare analytics market is further segmented on the basis of type of technology, application and geography.

By Type Of Technology- Th healthcare analytics market is segmented into descriptive, predictive and prescriptive analytics market. Among these segments, the descriptive analytics segment accounts for the largest share in the global healthcare analytics market.

By Type Of Applications- The global healthcare analytics market is segmented into clinical data analytics, administrative & operational, financial analytics and others.

By Geography - The global healthcare analytics market is segmented into the Americas, Europe, Asia Pacific and Rest of the World. Among these regions, the North American healthcare analytics market held the largest healthcare analytics market share.

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Healthcare Analytics Market Trends

Increasing application of healthcare analytics and emergence of big data are the trends witnessed in the global healthcare analytics market.

Potential Opportunities In The Healthcare Analytics Market

The growing demand for big data analytics, technological advancements and drastically changing costs dynamics is expected to increase the potential for global healthcare analytics market in the forecast period.

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