The Latin America, Middle East and Africa Healthcare Analytics Market is expected to witness market growth of 33.0% CAGR during the forecast period (2021 2027).
Another aspect where healthcare data analytics shines is in delivering information to hospital management that enables the most effective physician scheduling. In this case, healthcare analytics provides a comprehensive perspective of physician records and patient histories, as well as the requirement to ensure that the correct doctor or expert is dispatched to the most vulnerable patients. These technologies can also be employed to increase patient satisfaction while also accelerating the healing process.
Healthcare analytics solutions make it easier and more granular for insurance firms to track existing claims, clients, and premiums. In addition, insurance businesses can alter policies, monitor open claims, and give better prices for services using better real-time measurements and historical visualizations. Hence, these factors is expected to collectively boost the market growth over the forecasting period.
The COVID-19 pandemic has had a significant impact on the socio-economic situation of Middle Eastern countries. The countries, on the other hand, have sensibly responded to the COVID-19 epidemic in order to prevent infectious transmission. Lockdown and social separation were implemented, as they had been in other places, obstructing access to employment, regular income, payments, schools, fairs, and healthcare. As a result, it's likely that the countries have suffered significant losses and are still struggling to recover. The majority of countries rely on suppliers for healthcare supplies due to their underdeveloped economies. Furthermore, the spread of COVID-19 in Africa and other low-income nations like Cameroon, Egypt, Morocco, Algeria, South Africa, Togo, Nigeria, Senegal, and Tunisia is quite unknown.
The Brazil market dominated the LAMEA Healthcare Analytics Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $1,448.9 million by 2027. The Argentina market is estimated to grow at a CAGR of 33.7% during (2021 - 2027). Additionally, The UAE market is expected to display a CAGR of 32.6% during (2021 - 2027).
Based on Component, the market is segmented into Services, Software, and Hardware. Based on Type, the market is segmented into Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, and Cognitive Analytics. Based on End-user, the market is segmented into Life science Companies, Healthcare Payers, and Healthcare Providers. Based on Deployment Model, the market is segmented into On-premise and On-demand. Based on Application, the market is segmented into Financial Analytics, Clinical Analytics, Operation & Administrative Analytics, and Population Health. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Verisk Analytics, Inc., IQVIA Holdings, Inc., AllScripts Healthcare Solutions, Inc., McKesson Corporation, UnitedHealth Group, Inc. (Optum, Inc.), Health Catalyst, Inc., Cerner Corporation, and SAS Institute, Inc.
Another aspect where healthcare data analytics shines is in delivering information to hospital management that enables the most effective physician scheduling. In this case, healthcare analytics provides a comprehensive perspective of physician records and patient histories, as well as the requirement to ensure that the correct doctor or expert is dispatched to the most vulnerable patients. These technologies can also be employed to increase patient satisfaction while also accelerating the healing process.
Healthcare analytics solutions make it easier and more granular for insurance firms to track existing claims, clients, and premiums. In addition, insurance businesses can alter policies, monitor open claims, and give better prices for services using better real-time measurements and historical visualizations. Hence, these factors is expected to collectively boost the market growth over the forecasting period.
The COVID-19 pandemic has had a significant impact on the socio-economic situation of Middle Eastern countries. The countries, on the other hand, have sensibly responded to the COVID-19 epidemic in order to prevent infectious transmission. Lockdown and social separation were implemented, as they had been in other places, obstructing access to employment, regular income, payments, schools, fairs, and healthcare. As a result, it's likely that the countries have suffered significant losses and are still struggling to recover. The majority of countries rely on suppliers for healthcare supplies due to their underdeveloped economies. Furthermore, the spread of COVID-19 in Africa and other low-income nations like Cameroon, Egypt, Morocco, Algeria, South Africa, Togo, Nigeria, Senegal, and Tunisia is quite unknown.
The Brazil market dominated the LAMEA Healthcare Analytics Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $1,448.9 million by 2027. The Argentina market is estimated to grow at a CAGR of 33.7% during (2021 - 2027). Additionally, The UAE market is expected to display a CAGR of 32.6% during (2021 - 2027).
Based on Component, the market is segmented into Services, Software, and Hardware. Based on Type, the market is segmented into Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, and Cognitive Analytics. Based on End-user, the market is segmented into Life science Companies, Healthcare Payers, and Healthcare Providers. Based on Deployment Model, the market is segmented into On-premise and On-demand. Based on Application, the market is segmented into Financial Analytics, Clinical Analytics, Operation & Administrative Analytics, and Population Health. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Verisk Analytics, Inc., IQVIA Holdings, Inc., AllScripts Healthcare Solutions, Inc., McKesson Corporation, UnitedHealth Group, Inc. (Optum, Inc.), Health Catalyst, Inc., Cerner Corporation, and SAS Institute, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Services
- Software
- Hardware
By Type
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
- Cognitive Analytics
By End-user
- Life science Companies
- Healthcare Payers
- Healthcare Providers
By Deployment Model
- On-premise
- On-demand
By Application
- Financial Analytics
- Clinical Analytics
- Operation & Administrative Analytics
- Population Health
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
Companies Profiled
- IBM Corporation
- Oracle Corporation
- Verisk Analytics, Inc.
- IQVIA Holdings, Inc.
- AllScripts Healthcare Solutions, Inc.
- McKesson Corporation
- UnitedHealth Group, Inc. (Optum, Inc.)
- Health Catalyst, Inc.
- Cerner Corporation
- SAS Institute, Inc.
Unique Offerings from the publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Healthcare Analytics Market by Component
Chapter 5. LAMEA Healthcare Analytics Market by Type
Chapter 6. LAMEA Healthcare Analytics Market by End-user
Chapter 7. LAMEA Healthcare Analytics Market by Deployment Model
Chapter 8. LAMEA Healthcare Analytics Market by Application
Chapter 9. LAMEA Healthcare Analytics Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- IBM Corporation
- Oracle Corporation
- Verisk Analytics, Inc.
- IQVIA Holdings, Inc.
- AllScripts Healthcare Solutions, Inc.
- McKesson Corporation
- UnitedHealth Group, Inc. (Optum, Inc.)
- Health Catalyst, Inc.
- Cerner Corporation
- SAS Institute, Inc.
Methodology
LOADING...
