North American Healthcare Analytics Market - By Type ,Industry, Countries, Trends, Forecast - 2017 - 2022

  • ID: 4388256
  • Report
  • Region: North America, United States
  • 102 pages
  • Mordor Intelligence
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The North America healthcare Analytics market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of XX.XX% during the forecast period of 2017 - 2022. Healthcare analytics is one of the major services platform used in healthcare segment for marketing of business software and consulting services. It widely uses data, statistical and qualitative analysis, explanatory and predictive modeling. The analytics help the healthcare organizations in reducing the hospital stays of patients, meeting regulatory compliance, improved quality healthcare, preclusion of chronic diseases, and fraud detection.

The North America Healthcare Analytics Market is estimated to be valued at USD XX million in 2016 and is projected to reach USD XX million by 2021, at a CAGR of XX% during the forecast period from 2016 to 2021. 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. Among the North American countries, U.S. holds the highest share in the healthcare analytics market which contributed major share in market. Most of the top global healthcare analytics market players are headquartered in the U.S. and this tends to be the major advantage for this region. Quick return on investments, rising incidence of aging population, federal healthcare mandates, digitalization of world commerce and transformation from volume-based to value-based business are the factors that drive the market. Whereas, shortage of clinicians, lack of patient data privacy, reimbursement issues, gap between payers and providers, governmental regulation and barrier to IT adoption are the factors which held back the growth of healthcare analytics 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 North America 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 (USA, Canada and Mexico).

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.

Key Deliverables:

Market analysis for the North America Healthcare Analytics Market, with region specific assessments and competition analysis on global and regional scales

Market definition along with the identification of key drivers and restraints

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

Extensively researched competitive landscape section with profiles of major companies along with their market shares

Identification and analysis of the macro and micro factors that affect the North America Healthcare Analytics Market on both global and regional scales

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

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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1. Introduction
1.1. Study deliveratives
1.2. Market Definition
1.3. Sizing Units
1.4. Base Currency
1.5. Review and forecasr period years
1.6. General Study Assumptions
1.7 Report Description
2. Research Methodology
2.1. Introduction
2.2. Analysis Methodology
2.3. Econometric forecast models
2..4.Research Assumptions
3. Executive Summary
4. Key Inferences
5. Market Overview & Industry Trends
5.1. Current market scenario
5.2. Technology Overview
5.3. New developments
5.4.. Investment analysis
5.5. Porters Five Force Analysis
5.5.1 Bargaining Power of suppliers
5.5.2 Bargaining power of buyers
5.5.3 Degree of competition
5.5.4 Threat of substitution
5.5.5 Threat of new entrants
6. Drivers, Restraints, Opportunities & Challenges Analysis (DROC)
6.1. Market Drivers
6.2. Market Restraints
6.3 Market Opportunities
6.4. Key Challenges
7. North America Healthcare Analytics Market Segmentation
7.1 By Type
7.1.1 Technology/Platform Predictive Analytics Prescriptive Analytics Descriptive Analytics
7.1.2 Application Clinical Data Analytics Quality Healthcare Client Relationship Management Professional Performance Evaluation Reducing the incidence of medical errors Financial Data Analytics Risk Management Analytics Revenue Generation Analytics Insurance Claims Analytics Administrative Data Analytics Supply Chain Management Analytics HR Analytics Strategy Analytics Research Data Analytics Others
7.1.3 Components Hardware Software Services
7.1.4 Mode of Delivery On-Premise Model Cloud-based Model Web-hosted Model
7.1.5 End User Healthcare Pharmaceuticals Biotechnology Academia
8. North America Healthcare Analytics Market by Geography - Regional shares and forecast
8.1 North America
8.1.1 USA
8.1.2 Canada
8.1.3 Mexico
9. Competitive Landscape
9.1 Mergers & Acquisitions
9.2 New Product Launches
9.3 Agreements, Collaborations & Partnerships
10. Key Vendors
10.1 IBM
10.2 Oracle
10.3 Cerner Corporation
10.4 McKesson
10.5 Optum
10.6 Truven Health Analytics
10.7 3M
10.8 AT&T
10.9 HP
11. Analyst outlook for Investment Opportunities
12. Future outlook of the market
13. Appendix
13.1 Abbrevations
13.2 Bibliography
13.3 Disclaimer
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