Healthcare Analytics is poised to reach $23,800 million by the end of 2020

March 23, 2015 - PRLog -- The Global market for Healthcare Analytics is poised to reach $23,800 million by the end of 2020 growing at an estimated CAGR of 23.9%. The healthcare industry is undergoing a transformation from volume-based to value-based business. Factors such as improved quality care, reduced length-of-stay in hospitals, fraud detection, and prevention of novel diseases are the main demands from payers and providers.

The Global Healthcare Analytics market is segmented on the basis of Technology/Platform (Predictive Analytics, Prescriptive Analytics, and Descriptive Analytics), Application (Clinical Data Analytics, Financial Data Analytics, Administrative Data Analytics and Research Data Analytics), Component (Software, Hardware and Services), Mode of Delivery (Cloud Based model, Web hosted model, and On premise model), End-User (Healthcare, Pharmaceuticals, Biotechnology, Academia and Others), Geography (North America, Europe, Asia Pacific and Rest of the World). Drivers

Emergence of Big Data in healthcare, introduction of federal healthcare policies, increased focus on data collection & analysis for better customer service, progress in clinical outcomes, rapid technological advances & emergence of social media and its impact on the healthcare industry are the major factors driving the growth of the global Healthcare analytics market.

Challenges

Lack of proper skilled labor, data integrity issues, cost & complexity of the software and major opposition from the medical industry towards accepting an IT based approach are hindering the growth of the market.

What the report offers

1. Market Definition for the specified topic along with identification of key drivers and restraints for the market.

2. Market analysis for the Global Healthcare Analytics Market, with region specific assessments and competition analysis on a global and regional scale.

3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.

4. Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.

5. Identification and analysis of the Macro and Micro factors that affect the Global Healthcare Analytics market on both global and regional scale.

6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

The key manufacturers dominating this market space are SAS, IBM, Tableau Software, Oracle, Cerner Corporation, Metric Insights, Rapid Insights, Fuzzy Logix, Kyruus, Mckesson Corporation, Information Builders, Precision Software, Paradigm4, Optum, Truven, Healthanalytics to name a few. View full table of contents and list of tables & figures at http://marketstudyreport.com/global-healthcare-analytics-market-164577.html# (http://marketstudyreport.com/global-healthcare-analytics-...)

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