San Francisco, Dec 03 The
global healthcare/medical
analytics market is expected to reach USD 53.65 billion by 2025,
according to a new report by Grand View Research, Inc. Increasing need to
reduce healthcare expenditure among hospitals, and other healthcare providers
is anticipated to boost growth in the market.
With
the advent of data-enriched tools such as mHealth, eHealth, Electronic Health
Records (EHR), and mobile applications, the communication gap between
caregivers and patients has reduced. These tools generate tremendous data,
which can be used for personalized treatments.
Generally,
patients may hesitate to use these tools, which might affect the implementation
of analytics. However, with the combination of artificial and human
intelligence data analytics, which offer wide opportunities to further
customize medical approaches, the demand for these tools is anticipated to
increase over the forecast period.
Hospitals
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. This data can be
used to decide the number of staff members that will be needed for a particular
shift, which helps in reducing labor cost in hospitals.
Browse full research report on Healthcare Analytics Market:
www.grandviewresearch.com/industry-analysis/healthcare-analytics-market
Further key findings from the report suggest:
- Descriptive
analytics held a significant share in 2015 owing to its applications in
process optimization in organizations.
- The services
category dominated the component segment in 2015. Outsourcing of these big
data services contributed towards their growth in leading to the high
volume of services rendered.
- The hardware
systems category dominated the component segment, high-cost of the
hardware contribute to its growth.
- On-premise
delivered analytic services dominated the delivery mode category with
around 54.0% share in 2015.
- Operational
and administrative applications governed the applications segment and held
a remunerative share in the year, 2015.
- Payers held a
significant market share in 2015 and the providers are anticipated to grow
at a lucrative rate.
- North America
captured a significant share in the global market. Advanced healthcare
infrastructure in this region and the growing per capita healthcare
expenditure supported the greater consumption of these services.
- The Asia
Pacific region is expected to witness gainful growth attributable to the
untapped opportunities in the countries including India and China.
- Some key players
operating in the healthcare analytics market include IBM Corporation,
Oracle Corporation, SAS, Cerner Corporation, Allscripts Healthcare
Solutions, Inc., Optum Health, Inc., and Verisk Analytics, Inc. The
notable initiatives in the industry include new product launches,
collaboration with government bodies, and investments directed towards
R&D efforts.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/healthcare-it
Grand
View Research has segmented the global healthcare/medical analytics market on
the basis of type, component, delivery mode, application, end-use and region:
Type
Outlook (Revenue, USD Million; 2014 - 2025)
- Prescriptive
- Descriptive
- Predictive
Component
Outlook (Revenue, USD Million; 2014 - 2025)
- Software
- Hardware
- Services
Delivery
Mode Outlook (Revenue, USD Million; 2014 - 2025)
- On-premise
- Web-based
- Cloud-based
Application
Outlook (Revenue, USD Million; 2014 - 2025)
- Clinical
- Financial
- Operational
and Administrative
End-use
Outlook (Revenue, USD Million; 2014 - 2025)
- Healthcare
Payers
- Healthcare
Providers
- Others
Regional
Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
& Africa
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-healthcare-analytics-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
www.grandviewresearch.com
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