Healthcare Analytics Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence

November 14 22:01 2022
Healthcare Analytics Market Size Share Trends Growth Demand and Competitive Analysis Insights 2022-2029 | DataM Intelligence
DataM Intelligence
Healthcare Analytics Market is expected to grow at a CAGR of 11.7% during the forecast period 2022-2029.

Market Overview:

Healthcare Analytics Market size was valued at US$ YY million in 2021 and is estimated to reach US$ YY million by 2029, growing at a CAGR of 11.7% during the forecast period (2022-2029).

Healthcare analytics scrutinizes present and documented enterprise records to forecast traits, decorate outreach, or even sufficiently manage the spread of illnesses. Healthcare analytics includes a wide spectrum of establishments, offering to recognize the macro and micro stages. It reveals ways to improve affected person care exceptional, medical data, analysis, and business management.

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Market Dynamics

The developing need for data analytics in healthcare and new product introductions is boosting the worldwide healthcare analytics market increase.

The developing want for healthcare records control is fueling the worldwide healthcare analytics marketplace as a ways as facts analytics and control concerning the healthcare industry is the various most hard as there is a huge influx of targeted and complicated statistics, which makes it frightening to address inside the absence of precise tools which in flip effects within the disability to extract big belief which could assist in improving the healthcare service best supplied to the patients and improve the efficacy of the healthcare enterprise.

Therefore, there is a exceptional need for analytical equipment to transform giant healthcare records into important facts, which, in flip, improves the healthcare services presented to the affected person and healthcare employer efficacy. As in line with a survey, extra than 90% of healthcare groups consented to the impact of facts analytics in healthcare.

Furthermore, new records control solution development drives increase within the worldwide healthcare analytics marketplace. For instance, in August 2022, Apixio, a leading AI platform that powers value-primarily based care, introduced Apicare ChartSpace, a fitness records management solution offering actual-time facts get right of entry to to centralized clinical charts, elevated chart and audit file retrieval, also allowing the surfacing of possibly motion insights across price-based care programs.

Market Segmentation:

By Components

  • Software
  • Hardware  
  • Services

By Application

  • Clinical Management  
  • Financial Management  
  • Operations Management
  • Population Health Management

By Product

  • Descriptive  
  • Predictive  
  • Prescriptive

By End-User

  •  Clinics  
  • Hospital
  • Other

Competitive Landscape

The key players operating in the global healthcare analytics market are IBM, OptumHealth, Oracle, Verisk Analytics, Centene, MedeAnalytics, McKesson, Enlitic, Allscripts Healthcare Solutions, and Cerner. The key players are adopting various strategies such as product launches, mergers & acquisitions, partnerships, and collaborations, contributing to the growth of the healthcare analytics market globally. For instance, in March 2021, McKesson Corporation introduced ScriptPAS, a pharmacy management platform for oncology practices.

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