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Healthcare Analytics/Medical Analytics Market by Application, Supply Chain & HR, Type, Delivery model and End-user - Global Forecast to 2020

  • ID: 3338859
  • July 2015
  • Region: Global
  • 235 Pages
  • Markets and Markets
Healthcare Analytics Market is Expected to Reach $18.7 Billion by 2020 from $5.8 Billion in 2015

FEATURED COMPANIES

  • Cerner Corportation
  • Health Catalyst
  • IBM Corporation
  • Inovalon,Inc.
  • Mckesson Corporation
  • Medeanalytics
  • MORE

"Healthcare Analytics/Medical Analytics Market by Application (Clinical, PHM, Financial (RCM, Claim & Fraud), Supply Chain & HR), Type (Predictive), Delivery model (On-premise, Cloud), End-user (Payer, Hospital, Ambulatory, ACO) - Global Forecast to 2020 "

The Healthcare Analytics Market is expected to reach $18.7 Billion by 2020 from $5.8 Billion in 2015.

Factors such as the rise in pressure to curb the healthcare costs and provide quality care, rising initiatives for the adoption of EHRs, availability of big data in healthcare, growing awareness on the benefits of using analytics in healthcare, and increase in venture capital investments are driving market growth. On the other hand, the operational gap between payers and providers, a lack of skilled personnel, high cost of analytics solutions, and language and cultural barriers may restrict market growth.

In 2015, North America is expected to dominate the healthcare analytics market and grow at the highest CAGR. The high growth of this region is attributed to federal healthcare mandates encouraging the adoption of HCIT solutions; strong government support; significant venture capital investments for analytics; READ MORE >

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Cerner Corportation
  • Health Catalyst
  • IBM Corporation
  • Inovalon,Inc.
  • Mckesson Corporation
  • Medeanalytics
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Market Size Estimation
2.2 Market Breakdown and Data Triangulation
2.3 Key Industry Insights
2.4 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Healthcare Analytics Market, By Type
4.2 Healthcare Analytics Market, By Application
4.3 Healthcare Analytics Market, By Component
4.4 Geographic Snapshot of the Healthcare Analytics Market
4.5 Healthcare Analytics Market, By End User

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By Application
5.2.3 By Component
5.2.4 By Delivery Mode
5.2.5 By End User
5.2.6 By Region
5.3 Market Dynamics
5.4 Drivers
5.4.1 Federal Mandates to Drive the Growth
5.4.2 Rise in Pressure to Curb Healthcare Expenditure
5.4.3 Avalablity of Big Data in Healthcare
5.4.4 Increase in Venture Capital Investments
5.4.5 Technological Advancements
5.5 Restraints
5.5.1 Operational Gap Between Payer and Providers
5.5.2 Dearth of Skilled Personnel
5.5.3 Cultural and Language Barriers in Adoption of Healthcare Analytics Solution
5.6 Opportunities
5.6.1 Precision Medicine to Offer High Growth Opportunities
5.6.2 Increase in Focus on Value-Based Medicne
5.6.3 Cloud-Based Healthcare Analytics to Offer Significant Growth Opportunites
5.7 Challenges
5.7.1 to Ensure Patient Data Confidentiality
5.7.2 Survival of Small Players
5.7.3 Creating Awareness About Healthcare Analytics Solutions in Emerging Economies

6 Industry Insights
6.1 Healthcare Analytics Tools for Medicare and Medicaid Plans/Managed Care Organizations
6.1.1 Introduction
6.1.2 List of Players
6.1.3 Pricing and Implementation Time
6.1.4 Product Mix, By the Type Offered By the Key Players
6.2 Fraud Analytics: Market Analysis
6.3 Healthcare Analytics: Purchase Criterion

7 Healthcare Analytics Market, By Type
7.1 Introduction
7.2 Descriptive/Retrospective Analytics
7.3 Predective Analytics
7.4 Prescriptive Analtics

8 Healthcare Analytics Market, By Application
8.1 Introduction
8.2 Clinical Analytics
8.2.1 Population Health Management
8.2.2 Quality Improvement and Clinical Benchmarking
8.2.3 Comparitive Analytics/Comparitive Effectiveness
8.2.4 Clinical Decision Support
8.2.5 Precision Health
8.2.6 Reporting and Compliance
8.3 Financial Analytics
8.3.1 Revenue Cycle Managemnt
8.3.2 Claims Processing
8.3.3 Payment Integrity and Fraud Analytics
8.3.4 Risk Adjustment and Risk Assessment
8.4 Operational and Administrative Analytics
8.4.1 Supply Chain Analytics
8.4.2 Workforce Analytics
8.4.3 Strategic Analytics

9 Healthcare Analytics Market, By Component
9.1 Introduction
9.2 Hardware
9.3 Software
9.4 Services
9.4.1 Support Services
9.4.2 Business Analytics Services

10 Healthcare Analytics Market, By Delivery Mode
10.1 Introduction
10.2 On-Premise
10.3 On-Demand

11 Healthcare Analytics Market, By End User
11.1 Introduction
11.2 Healthcare Payer
11.2.1 Private Insurance Companies
11.2.2 Government Agencies
11.2.3 Employers and Private Exchanges
11.3 Healthcare Provider
11.3.1 Hospitals, Physican Practices and Idns
11.3.2 Ambulatory Settings
11.4 ACOS, HIES, MCOS and TPAS

12 Healthcare Analytics Market, By Region
12.1 Introduction
12.2 North America
12.2.1 U.S.
12.2.2 Canada
12.3 Europe
12.4 Asia
12.5 Rest of the World (RoW)

13 Competitive Landscape
13.1 Overview
13.2 Competitive Situations & Trends
13.2.1 Agreements, Partnerships, and Collaborations
13.2.2 New Product Launches
13.2.3 Acquisitions
13.2.4 Expansions

14 Company Profiles
(Overview, Financials, Products & Services, Strategy, & Developments)*
14.1 Introduction
14.2 Allscripts Health Solution
14.3 Cerner Corportation
14.4 Health Catalyst
14.5 IBM Corporation
14.6 Inovalon,Inc.
14.7 Mckesson Corporation
14.8 Medeanalytics
14.9 Optum,Inc.
14.10 Oracle Corporation
14.11 SAS Institute,Inc.
14.12 Truven Health Analytics,Inc.
14.13 Verisk Analytics, Inc.

*Details on Financials, Product & Services, Strategy, & Developments Might Not Be Captured in Case of Unlisted Companies.

15 Appendix
15.1 Insights From Industry Experts
15.2 Discussion Guide
15.3 Other Recent Developments
15.3.1 Allscripts Health Solution
15.3.2 Cerner Corportation
15.3.3 Health Catalyst
15.3.4 IBM Corporation
15.3.5 Inovalon,Inc.
15.3.6 Mckesson Corporation
15.3.7 Medeanalytics
15.3.8 Optum,Inc.
15.3.9 SAS Institute,Inc.
15.3.10 Truven Health Analytics,Inc.
15.3.11 Verisk Analytics, Inc.
15.4 Available Customizations
15.5 Introducing RT: Real-Time Market Intelligence
15.6 Related Reports

List of Tables

Table 1 Rise in Pressure to Curtail Healthcare Cost to Drive the Growth of the Market
Table 2 Operational Gap Between Payers and Providers Hinder the Growth of the Market
Table 3 Cloud-Based Solutions to Offer Significant Growth Opportunities
Table 4 Healthcare Analytics Market By Type, 2013-2020(USD Million)
Table 5 Descriptive Analytics Market, By Geography,2013-2020(USDmillion)
Table 6 Descriptive Analytics Market, By Country,2013-2020(USDmillion)
Table 7 Predictive Analytics Market, By Geography,2013-2020(USD Million)
Table 8 Predictive Analytics Market, By Country,2013-2020(USD Million)
Table 9 Prescriptive Analytics Market, By Geography,2013-2020(USD Million)
Table 10 Prescriptive Analytics Market, By Country,2013-2020(USD Million)
Table 11 Clinical Analytics Market, 2013-2020 (USD Million )
Table 12 Clinical Analytics Market, By Geography, 2013-2020 (USD Million )
Table 13 Population Health Management Market, By Geography,2013-2020(USD Million )
Table 14 Population Health Management Market, By Geography,2013-2020(USD Million )
Table 15 Population Health Management Market, By Country,2013-2020 (USD Million )
Table 16 Quality Improvement & Clinical Benchmarking Market, By Geography,2013-2020(USD Million )
Table 17 Quality Improvement & Clinical Benchmarking Market, By Country,2013-2020 (USD Million )
Table 18 Comparative Analytics/Comparative Effectiveness Market, By Region,2013-2020(USD Million )
Table 19 Comparative Analytics/Comparative Effectiveness Market, By Region, 2013-2020 (USD Million)
Table 20 Clinical Decision Support, Market, By Region,2013-2020(USD Million )
Table 21 Clinical Decision Support Market, By Country, 2013-2020 (USD Million )
Table 22 Precision Health Market, By Region,2013-2020(USD Million )
Table 23 Precision Health Market, By Country, 2013-2020 (USD Million )
Table 24 Reporting & Compliance Market, By Region,2013-2020(USD Million )
Table 25 Reporting & Compliance Market, By Country, 2013-2020 (USD Million )
Table 26 Financial Analytics Market, 2013-2020(USD Million )
Table 27 Financial Analytics Market, By Geography, 2013-2020 (USD Million )
Table 28 Revenue Cycle Management Market, By Region,2013-2020(USD Million )
Table 29 Revenue Cycle Management Market, By Country, 2013-2020 (USD Million )
Table 30 Claims Processing Market, By Region,2013-2020(USD Million )
Table 31 Claims Processing Market, By Country, 2013-2020 (USD Million )
Table 32 Payment Integrity & Fwa Market, By Region,2013-2020(USD Million )
Table 33 Payment Integrity & Fwa Market, By Country, 2013-2020 (USD Million )
Table 34 Risk Adjustment Market, By Region,2013-2020(USD Million )
Table 35 Risk Adjustment Market, Country, 2013-2020 (USD Million )
Table 36 Operational & Administrative Analytics Market, 2013-2020(USD Million)
Table 37 Operational & Administrative Analytics & Administrative Analytics Market, By Geography, 2013-2020 (USD Million )
Table 38 Supply Chain Management Market, By Region,2013-2020(USD Million )
Table 39 Supply Chain Management Market, Country, 2013-2020 (USD Million)
Table 40 Workforce Management Market, By Region,2013-2020(USD Million )
Table 41 Workforce Management Market, Country, 2013-2020 (USD Million )
Table 42 Strategic Analysis Market, By Region,2013-2020(USD Million )
Table 43 Strategic Analysis Market, Country, 2013-2020 (USD Million )
Table 44 Strategic Analysis Market, Country, 2013-2020 (USD Million )
Table 45 Healthcare Analytics Market By Component,2013-2020(USD Million )
Table 46 Mediacl Analytics Hardware Market, By Geography,2013-2020(USD Million )
Table 47 Healthcare Analytics Software Market, By Geography,2013-2020(USD Million )
Table 48 Medical Analytics Software Market, By Country,2013-2020(USD Million )
Table 49 Healthcare Analytics Services Market, By Geography,2013-2020(USD Million )
Table 50 Mdical Analytics Support Services Market, By Geography,2013-2020(USD Million )
Table 51 Healthcare Analytics Support Services Market, By Country,2013-2020(USD Million )
Table 52 Healthcare Business Analytics Services, By Geography,2013-2020 (USD Million )
Table 53 Medical Analytics Support Market, By Country,2013-2020(USD Million )
Table 54 Healthcare Analytics Market By Delivery Mode,2013-2020(USD Million )
Table 55 Medical Analytics Market, By On-Premise Mode, By Geography,2013-2020(USD Million )
Table 56 Healthcare Analytics Market, By On-Premise Mode, By Country,2013-2020(USD Million )
Table 57 Medical Analytics Market, By On-Demand Mode By Geography,2013-2020(USD Million )
Table 58 Healthcare Analytics Market, On-Demand Mode, By Country,2013-2020(USD Million )
Table 59 Medical Analytics Market,By End Users ,2013-2020 (USD Million )
Table 60 Healthcare Analytics Market, By Payers ,2013-2020 (USD Million )
Table 61 Private Insurance Companies Market, By Geography,2013-2020(USD Million )
Table 62 Private Insurance Companies, Market, By Country,2013-2020(USD Million )
Table 63 Government Insurance Providers Market, By Geography,2013-2020(USD Million )
Table 64 Government Insurance Providers , Market, By Country,2013-2020(USD Million )
Table 65 Employers & Private Exchanges Market, By Geography,2013-2020(USD Million )
Table 66 Employers &Private Exchange , Market, By Country,2013-2020(USD Million )
Table 67 Healthcare Analytics Market, By Providers ,2013-2020 (USD Million )
Table 68 Hospitals, Idns & Physician Practices Market, By Geography,2013-2020(USD Million )
Table 69 Hospitals, Idns & Physician Practices , Market, By Country,2013-2020(USD Million )
Table 70 Ambulatory Settings, Market, By Geography,2013-2020(USD Million )
Table 71 Ambulatory Setting, Market, By Country,2013-2020(USD Million )
Table 72 ACOS, HIES, MCOS and TPAS,Market, By Geography,2013-2020(USD Million )
Table 73 ACOS, HIES, MCOS and TPAS, Market, By Country,2013-2020(USD Million )
Table 74 North America:Healthcare Analytics Market By Type ,2013-2020(USD Million )
Table 75 North America: Medical Analytics Market, By Application,2013-2020(USD Million )
Table 76 North America: Clinical Analytics Market, 2013-2020 (USD Million )
Table 77 North America: Financial Analytics Market, 2013-2020(USD Million )
Table 78 North America: Operational & Administrative Analytics & Administrative Analytics Market, 2013-2020(USD Million )
Table 79 North America: Operational & Administrative Analytics & Administrative Analytics Market, 2013-2020(USD Million )
Table 80 North America: Healthcare Analytics Market,By Component,2013-2020 (USD Million )
Table 81 North America: Medical Analytics Market, By Services,2013-2020 USD Million
Table 82 North America: Healthcare Analytics Market,By Delivery Mode,2013-2020 (USD Million )
Table 83 North America: Mediacl Analytics Market,By End Users ,2013-2020 (USD Million )
Table 84 North America: Healthcare Analytics Market, By Payers ,2013-2020 (USD Million )
Table 85 North America: Medical Analytics Market, By Providers ,2013-2020 (USD Million )
Table 86 Europe: Healthcare Analytics Market By Type ,2013-2020(USD Million )
Table 87 Europe: Medical Analytics Market, By Application,2013-2020(USD Million )
Table 88 Europe: Clinical Analytics Market, 2013-2020 (USD Million )
Table 89 Europe: Financial Analytics Market, 2013-2020(USD Million )
Table 90 Europe: Operational & Administrative Analytics & Administrative Analytics Market, 2013-2020(USD Million )
Table 91 Europe: Operational & Administrative Analytics & Administrative Analytics Market, 2013-2020(USD Million )
Table 92 Europe: Healthcare Analytics Market,By Component,2013-2020 (USD Million )
Table 93 Europe: Medical Analytics Market, By Services,2013-2020 USD Million
Table 94 Europe: Healthcare Analytics Market,By Delivery Mode,2013-2020 (USD Million )
Table 95 Europe: Medical Analytics Market,By End Users ,2013-2020 (USD Million )
Table 96 Europe: Healthcare Analytics Market, By Payers ,2013-2020 (USD Million )
Table 97 Europe: Healthcare Analytics Market, By Providers ,2013-2020 (USD Million )
Table 98 Asia: Healthcare Analytics Market By Type ,2013-2020(USD Million )
Table 99 Asia: Medical Analytics Market, By Application,2013-2020(USD Million )
Table 100 Asia: Clinical Analytics Market, 2013-2020 (USD Million )
Table 101 Asia: Financial Analytics Market, 2013-2020(USD Million )
Table 102 Asia: Operational & Administrative Analytics & Administrative Analytics Market, 2013-2020(USD Million )
Table 103 Asia: Operational & Administrative Analytics & Administrative Analytics Market, 2013-2020(USD Million )
Table 104 Asia: Healthcare Analytics Market,By Component,2013-2020 (USD Million )
Table 105 Asia: Healthcare Analytics Market,By Delivery Mode,2013-2020 (USD Million )
Table 106 Asia: Healthcare Analytics Market,By Delivery Mode,2013-2020 (USD Million )
Table 107 Asia: Healthcare Analytics Market,By End Users ,2013-2020 (USD Million )
Table 108 Asia: Healthcare Analytics Market, By Payers ,2013-2020 (USD Million )
Table 109 Asia: Healthcare Analytics Market, By Providers ,2013-2020 (USD Million )
Table 110 Asia: Healthcare Analytics Market, By Services,2013-2020 USD Million
Table 111 RoW: Healthcare Analytics Market By Type ,2013-2020(USD Million )
Table 112 RoW: Healthcare Analytics Market, By Application,2013-2020(USD Million )
Table 113 RoW: Clinical Analytics Market, 2013-2020 (USD Million )
Table 114 RoW: Financial Analytics Market, 2013-2020(USD Million )
Table 115 RoW: Operational & Administrative Analytics & Administrative Analytics Market, 2013-2020(USD Million )
Table 116 RoW: Operational & Administrative Analytics & Administrative Analytics Market, 2013-2020(USD Million )
Table 117 RoW: Healthcare Analytics Market,By Component,2013-2020 (USD Million )
Table 118 RoW: Healthcare Analytics Market,By Delivery Mode,2013-2020 (USD Million )
Table 119 RoW: Healthcare Analytics Market,By Delivery Mode,2013-2020 (USD Million )
Table 120 RoW: Healthcare Analytics Market,By End Users ,2013-2020 (USD Million )
Table 121 RoW: Healthcare Analytics Market, By Payers ,2013-2020 (USD Million )
Table 122 RoW: Healthcare Analytics Market, By Providers ,2013-2020 (USD Million )
Table 123 RoW: Healthcare Analytics Market, By Services,2013-2020 USD Million
Table 124 U.S.: Healthcare Analytics Market By Type ,2013-2020(USD Million )
Table 125 U.S.: Healthcare Analytics Market, By Application,2013-2020(USD Million )
Table 126 U.S.: Clinical Analytics Market, 2013-2020 (USD Million )
Table 127 U.S.: Financial Analytics Market, 2013-2020(USD Million )
Table 128 U.S.: Operational & Administrative Analytics & Administrative Analytics Market, 2013-2020(USD Million )
Table 129 U.S.: Operational & Administrative Analytics & Administrative Analytics Market, 2013-2020(USD Million )
Table 130 U.S.: Healthcare Analytics Market,By Component,2013-2020 (USD Million )
Table 131 U.S.: Healthcare Analytics Market,By Delivery Mode,2013-2020 (USD Million )
Table 132 U.S.: Healthcare Analytics Market,By Delivery Mode,2013-2020 (USD Million )
Table 133 U.S.: Healthcare Analytics Market,By End Users ,2013-2020 (USD Million )
Table 134 U.S.: Healthcare Analytics Market, By Payers ,2013-2020 (USD Million )
Table 135 U.S.: Healthcare Analytics Market, By Providers ,2013-2020 (USD Million )
Table 136 U.S.: Healthcare Analytics Market, By Services,2013-2020 USD Million
Table 137 Canada: Healthcare Analytics Market By Type ,2013-2020(USD Million )
Table 138 Canada: Healthcare Analytics Market, By Application,2013-2020(USD Million )
Table 139 Canada: Clinical Analytics Market, 2013-2020 (USD Million )
Table 140 Canada: Financial Analytics Market, 2013-2020(USD Million )
Table 141 Canada: Operational & Administrative Analytics & Administrative Analytics Market, 2013-2020(USD Million )
Table 142 Canada: Operational & Administrative Analytics & Administrative Analytics Market, 2013-2020(USD Million )
Table 143 Canada: Healthcare Analytics Market,By Component,2013-2020 (USD Million )
Table 144 Canada: Healthcare Analytics Market,By Delivery Mode,2013-2020 (USD Million )
Table 145 Canada: Healthcare Analytics Market,By Delivery Mode,2013-2020 (USD Million )
Table 146 Canada: Healthcare Analytics Market,By End Users ,2013-2020 (USD Million )
Table 147 Canada: Healthcare Analytics Market, By Payers ,2013-2020 (USD Million )
Table 148 Canada: Healthcare Analytics Market, By Providers ,2013-2020 (USD Million )
Table 149 Canada: Healthcare Analytics Market, By Services,2013-2020 (USD Million )

List of Figures

Figure 1 Healthcare Analytics Market, By Type
Figure 2 Research Design
Figure 3 Market Size Estimation : Bottom-Up Approach
Figure 4 Market Size Estimation: Top Down Approach
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 6 Data Triangulation Methodology
Figure 7 Key Data From Secondary Sources
Figure 8 Key Data From Primary Sources
Figure 9 Descriptive Analytcis to Dominate the Healthcare Analytics Market By Type, From 2015 to 2020
Figure 10 Healthcare Analytics Market, By Application (2015 vs 2020): Clinical Analytics Market to Witness Highest Growth
Figure 11 Services Segment to Continue to Dominate the Healthcare Analytics Market By Component During the Forecast Period (2015–2020)
Figure 12 Healthcare Providers to Offer Significant Growth Opportunities
Figure 13 Geographic Analysis: Global Healthcare Analytcis Market (2015)
Figure 14 Partnerships, Agreement and Collaboratiosn Were the Key Strategy Adopted By Market Players in 2015
Figure 15 Clinical Analytics Market to Offer High Growth Opportunities
Figure 16 On-Demand Delivery Mode Commanded the Largest Share in 2014
Figure 17 Healthcrae Providers to Grow at the Highest Rate From 2015 to 2020
Figure 18 North America Witness Highest Growth Rate During the Forecast Period
Figure 19 Hospitals, Physician Practices and Idns to Offer Significant Contribution to the Market Growth (2015–2020)
Figure 20 Healthcare Analytics Market Segmentation, By Type
Figure 21 Healthcare Analytics Market Segmentation Segmentation, By Application
Figure 22 Healthcare Analytics Market Segmentation, By Component
Figure 23 Healthcare Analytisc Market Segmentation, By Delivery Mode
Figure 24 Healthcare Analytics Market Segmentation, By End User
Figure 25 Healthcare Analytics Market Segmentation, By Region
Figure 26 Federal Mandates to Drive the Market Growth
Figure 27 Major Companies Adopted Inorganic Growth Strategies
Figure 28 Descriptive Analytics to Dominate Healthcare Analytics Market in 2014
Figure 29 Prescriptive Analytics to Witness High Growth in Forecast Period
Figure 30 Healthcare Analytics Services Segment to Offer High Growth Opportunities in the Forecast Period
Figure 31 Population Health Management to Witness High Growth in North America
Figure 32 Payment Integrity & Fraud Analytics Offer High Growth Opportunities During the Forecast Period(2015-2020)
Figure 33 Supply Chain Analytics to Offer Significant Growth Opportunities for the Operational and Administrative Analytcis Market
Figure 34 North America to Offer Significant Growth Opportunities for Applications Market(2015-2020)
Figure 35 Broad End-User Base of Healthcare Analytics
Figure 36 Healthcare Providers: High Growth Market Segment
Figure 37 North America: An Attractive Destination for All Healthcare Analytics Application
Figure 38 North America Holds the Largest Share of the Global Healthcare Analytics Market (2015)
Figure 39 European Healthcare Analytics Market Snapshot
Figure 40 Rising in Aging Population to Fuel the Growth of the Asian Market (2015)
Figure 41 Increasing Awareness About the Analytics Solutions Through Conferences Propells the Growth of the Healthcare Analytcis Market in RoW (2015)
Figure 42 Key Players Adopted Inorganic Growth Strategies for Growth
Figure 43 Market Evolution Framework
Figure 44 Battle for Market Share: Partnerships, Agreements and Collaborations Was the Key Growth Startegy
Figure 45 Product Benchmarking for Top 5 Players
Figure 46 Company Snapshot: Allscripts Healthcare Solutions, Inc
Figure 47 Company Snapshot: Cerner Corporation
Figure 48 Company Snapshot: Health Catalyst
Figure 49 Company Snapshot: IBM Corporation
Figure 50 Company Snapshot: Inovalon, Inc.
Figure 51 Company Snapshot: Mckesson Corporation
Figure 52 Company Snapshot: Medeanalytics, Inc.
Figure 53 Company Snapshot: Optum, Inc.
Figure 54 Company Snapshot: Oracle Corporation
Figure 55 Company Snapshot: SAS Institute, Inc.
Figure 56 Company Snapshot: Truven Health Analytics
Figure 57 Company Snapshot: Verisk Analytics, Inc

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Cerner Corportation
  • Health Catalyst
  • IBM Corporation
  • Inovalon,Inc.
  • Mckesson Corporation
  • Medeanalytics
  • MORE

Healthcare analytics systems reveal and understand historical patterns of data to predict and provide actionable insights to improve the performance of healthcare organizations. The outcomes reveal the best-suited treatments, disease patterns, patients at high risk, fraudulent claims, and evaluate physician performance.

The global healthcare analytics market is expected to reach $18.7 Billion by 2020 from $5.8 Billion in 2015, at a CAGR of 26.5% during the forecast period.

Market growth is driven by federal healthcare mandates encouraging the adoption of HCIT solutions to curb rising healthcare costs; benefits associated with the use of analytics; increasing HCIT adoption; availability of big data in healthcare; technological advancements; and increase in venture capital investments. On the other hand, the operational gap between payers and providers, a lack of skilled personnel, and cultural and language barriers are likely to hinder market growth.

The healthcare analytics market is segmented on the basis of type, application, component, delivery model, end user, and region.

Based on type, the market is segmented into descriptive, predictive, and prescriptive analytics. Descriptive analytics is expected to account for the largest market share in 2015. Based on application, the medical analytics market is bifurcated into clinical analytics, financial analytics, and operational and administrative analytics. The clinical analytics segment is expected to grow at the highest CAGR during the forecast period.

Based on component, the medical analytics market is segmented into hardware, software, and services. The services segment is further segmented into support services and business analytics services. In 2015, the services market is expected to witness the highest growth in the forecast period.

The market, by delivery model, is segmented into on-premise and on-demand delivery models. In 2015, the on-premise delivery model accounted for the largest share of the global healthcare analytics market owing to its multi-vendor architecture, which lowers the risk of data breaches and external attacks.

By end user, the medical analytics market covers payers, providers and ACOs, HIEs, MCOs, and TPAs. Healthcare payers are further subsegmented into private insurance companies, government agencies, and employers and private exchanges. Healthcare providers are segmented into hospitals, physicians’ practices and IDNs, and ambulatory settings. The healthcare providers segment is expected to grow at a highest CAGR during the forecast period.

By region, the healthcare analytics market is dominated by North America, followed by Europe, Asia, and the Rest of the World. North America is expected to continue to dominate the market during the forecast period. Factors such as federal healthcare mandate to curb the rising healthcare costs and provide quality care; increasing demand for better clinical outcomes, treatment of diseases in the early stages; and rise in efficiency of the healthcare process will drive market growth.

Key market players include IBM Corporation (U.S.), SAS Institute, Inc. (U.S.), Optum, Inc. (U.S.), Truven Health Analytics Inc. (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), Verisk Analytics, Inc. (U.S.), Oracle Corporation (U.S.), Allscripts Health Solutions (U.S.), MedeAnalytics (U.S.), Inovalon, Inc. (U.S.) and Health Catalyst (U.S.).

Note: Product cover images may vary from those shown

- Allscripts Health Solution
- Cerner Corportation
- Health Catalyst
- IBM Corporation
- Inovalon,Inc.
- Mckesson Corporation
- Medeanalytics
- Optum,Inc.
- Oracle Corporation
- SAS Institute,Inc.
- Truven Health Analytics,Inc.
- Verisk Analytics, Inc.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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