Global Healthcare Payers Analytics Market - Growth, Trends & Forecast To 2021

  • ID: 3105893
  • Report
  • Region: Global
  • 129 pages
  • Mordor Intelligence
1 of 4


  • Cerner Corporation
  • IBM
  • Kyruus
  • Metric Insights
  • Oracle
  • Precision Software
  • MORE
The Global Healthcare Analytics Market was valued at USD 8.49 billion in 2015 and is projected to reach USD 23.8 billion by 2020, at a CAGR of 23.9% during the forecast period from 2014 to 2020. The healthcare analytics technology, which extensively uses data for quantitative and qualitative analysis, is undergoing an industry transformation from volume-based medicines and reimbursement to value-based medicines and reimbursement. Factors, such as the sudden emphasis on a more improved quality healthcare, reduced length-of-stay at hospitals, lower costs of health and medicine, and fraud detection, are some of the primary demands of payers of this technology. Additionally, higher incentives for medicine, integration of big data in healthcare, and technological advancements, among others are some of the other drivers of this market.

The technology also has certain constraints to overcome, such as the wide gap between payers and providers in terms of operation and availability, the high cost of initial investments, and the lack of technical expertise and sufficient knowledge base. Data Integrity and safety is also a key concern. However, the technology has several opportunities as well. The introduction and implementation of Electronic Health Records (EHR), the rising investments in venture capital funds, and the implementation of trends in the medical-IT field, such as precision medicines, EHR, analytics-driven personalized medicines, clinical DSS, health and disease management, and so on.

Some of the key benefits of healthcare analytics are the rapid exchange of information, clarity and transparency of information, time and cost efficiency, timely emergency/preventive care, and ease of handling a big volume of data.

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), Deployment (On-premise Model and Cloud-based Model), End-User (Healthcare, Pharmaceuticals, Biotechnology, Academia, Research, and Others), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World).

Though the descriptive analytics segment accounts for the largest market share of 62.0% in the global healthcare technology, its market share is expected to decrease by 2020. The predictive analytics segment is expected to witness the highest CAGR globally during the forecast period. North America is expected to command the highest market revenue and is estimated to reach a market value of USD 15.7 billion by 2020. North America is also witnessing the highest growth rate with a CAGR of 26.0%, followed by Europe and Asia-Pacific. By application, the clinical analytics segment is forecasted to have the highest growth rate. Although the market growth of the cloud-based services segment is increasing substantially, the on-premise delivery system segment still accounts for the largest share due to its multi-vendor framework. This kind of architecture usually ensures safety of data and transactions from attacks.

The major market players in this market are SAS, IBM Corporation, Tableau, Oracle, Optum, Inc. and Truven Health Analytics, Cerner Corporation, Metric Insights, Rapid Insights, Fuzzy Logix, and Information Builders, among others. The primary stakeholders of this technology are healthcare IT firms, healthcare analytics vendors, care organizations, health insurance providers, healthcare payers, healthcare providers, research firms, consultants, ambulatory services, and venture capitalists.

Please note: As this product is updated at the time of order, dispatch will be 72 hours from the date the order and full payment is received
Note: Product cover images may vary from those shown
2 of 4


  • Cerner Corporation
  • IBM
  • Kyruus
  • Metric Insights
  • Oracle
  • Precision Software
  • MORE
  • Introduction
  • Study deliverables
  • Market Definition
  • Sizing Units
  • Base Currency
  • Review and forecast period years
  • General Study Assumptions
  • Introduction
  • Analysis Methodology
  • Econometric forecast models
  • Research Assumptions
  • Current market scenario
  • Technology Overview
  • New developments in therapeutics
  • Investment analysis
  • Porters Five Force Analysis
  • Bargaining Power of suppliers
  • Bargaining power of buyers
  • Degree of competition
  • Threat of substitution
  • Threat of new entrants
  • Market Drivers
  • Government Healthcare policies
  • Emergence of Big Data
  • Progress in the outcome of Clinical Processes
  • Increased focus on Data Collection and Analysis for better Customer Support
  • Technological advancements
  • Emergence of Social Media/ Rise is awareness
  • Electronic Health Record (EHR) implementations
  • Market Restraints
  • Lack of technical expertise
  • Data Integrity Issues
  • Cost & Complexity of Software
  • Hesitation of the medical industry
  • Market Opportunities
  • Electronic Health Records (EHR)
  • Analytics-driven Personalized Medicine
  • Emergence of Precision Medicine
  • Clinical Decision Support (CDS)
  • Rising trends in Health Management and Disease Management
  • Predictive modeling across multiple clinical conditions
  • Shift from to value-based medicines and reimbursement
  • Key Challenges
  • Economic constraints
  • Data confidentiality
  • Global Healthcare Analytics Market By Type Segmentation
  • Technology/Platform
  • Predictive Analytics
  • Prescriptive Analytics
  • Descriptive Analytics
  • Others
  • Application
  • Clinical Data Analytics
  • Quality Healthcare
  • Client Relationship Management
  • Professional Performance Evaluation
  • Reducing the incidence of medical errors
  • Others
  • Financial Data Analytics
  • Risk Management Analytics
  • Revenue Generation Analytics
  • Insurance Claims Analytics
  • Others
  • Administrative Data Analytics
  • Supply Chain Management Analytics
  • HR Analytics
  • Strategy Analytics
  • Others
  • Research Data Analytics
  • Others
  • Component
  • Hardware
  • Software
  • Services
  • Consulting
  • Deployment
  • On-Premise Model
  • Cloud-Based Model
  • End User
  • Healthcare
  • Pharmaceuticals
  • Biotechnology
  • Academia
  • Research
  • Others
  • Global Healthcare Analytics Market Segmentation, By Geography
  • North America
  • USA
  • Canada
  • Mexico
  • Europe
  • France
  • UK
  • Germany
  • Italy
  • Spain and Portugal
  • Scandinavia
  • Asia-Pacific
  • India
  • China
  • Japan
  • South Korea
  • Australia and New Zealand
  • Rest of Asia Pacific
  • Middle East and Africa
  • GCC
  • Egypt
  • Morocco
  • Algeria
  • South Africa
  • Rest of Middle East and Africa
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
  • Mergers & Acquisitions
  • New Product Launches
  • Agreements, Collaborations & Partnerships
  • SAS
  • IBM
  • Tableau Software
  • Oracle
  • Cerner Corporation
  • Metric Insights
  • Rapid Insights
  • Fuzzy Logix
  • Kyruus
  • Mckesson Corporation
  • Information Builders
  • Precision Software
  • Paradigm4
  • Optum
  • Truven Health Analytics
  • Analyst outlook for Investment Opportunities
  • Future outlook of the market
  • Abbreviations
  • Bibliography
  • Disclaimer
Note: Product cover images may vary from those shown
3 of 4


4 of 4
Tableau Software
Cerner Corporation
Metric Insights
Rapid Insights
Fuzzy Logix
Mckesson Corporation
Information Builders
Precision Software
Truven Health Analytics
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown