Worldwide Healthcare Analytics Industry to 2027 - Growing Application of Analytics in Precision Medicine Presents Opportunities

DUBLIN, July 24, 2020 /PRNewswire/ -- The "Healthcare Analytics Market by Type (Predictive, Prescriptive), Component (Hardware, Software, and Services), Delivery Mode (Cloud), Application (Clinical, RCM, Claims, Fraud, Risk, PHM), End user (Payer, Provider) and Geography - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The healthcare analytics market is expected to witness significant growth in the upcoming years due to growing demand for population health management, changing healthcare dynamics amidst COVID-19, need for redesigned EHR with advanced analytics capabilities, focus on e-health collaborations, investments by venture capitalists, increasing pressure to provide quality care and control healthcare costs, and rise in adoption of big data in healthcare industry.

The overall healthcare analytics market is primarily segmented by type (descriptive analytics, predictive analytics, and prescriptive analytics), component (services, software, and hardware), mode of delivery (on-premise, web-based, and cloud-based analytics models), application (financial analytics, clinical analytics, operational analytics & administrative analytics, and population health analytics), end-user (payer, provider, and accountable care organizations (ACOs)) and by geography.

An in-depth analysis of the geographic scenario of the market provides detailed qualitative and quantitative insights about the five regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2020, North America region is estimated to hold the largest share of the global healthcare analytics market in 2020 and is expected to maintain its dominance throughout the forecast period. This region is also expected to grow at the highest growth during the forecast period. The large share of this region is mainly attributed to the significant adoption of analytics in the U.S. post the implementation of Affordable Care Act (ACA) and impact of on-going COVID-19 pandemic, easy availability of analytics solutions in this region, prominent venture capital investments in the U.S., and significant government focus on population health management and value-based care.

Some of the key players operating in the global healthcare analytics market are Allscripts Healthcare Solutions, Inc. (U.S.), Cerner Corporation (U.S.), Epic Systems Corporation (U.S.), Health Catalyst (U.S.), IBM Corporation (U.S.), Inovalon (U.S.), McKesson Corporation (U.S.), MedeAnalytics, Inc. (U.S.), Microsoft Corporation (U.S.), UnitedHealthcare Group (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), SAS Institute Inc. (U.S.), SCIOInspire, Corp. (U.S.), Tableau Software, Inc. (U.S.), TIBCO Software, Inc. (U.S.), Verscend Technologies, Inc. (U.S.), and VitreosHealth (U.S.), among others.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Growing Demand for Population Health Management (PHM)
4.2.2. Changing Healthcare Dynamics Amidst COVID-19
4.2.3. Need for Redesigned EHR With Advanced Analytics Capabilities
4.2.4. Focus on E-Health Collaborations that Help Providers with Analytics Capabilities
4.2.5. Significant Venture Capital (VC) Investments in Digital Health
4.2.6. Increasing Pressure to Provide Quality Care & Control Healthcare Costs
4.2.7. Rising Adoption of Big Data in Healthcare
4.2.8. Technological Advancements
4.3. Restraints
4.3.1. Lack of Data Scientists/Analytics Skills
4.3.2. High Price of Analytics Solutions
4.4. Opportunities
4.4.1. COVID-19 Specific Solutions Based on Analytics
4.4.2. Growing Application of Analytics in Precision Medicine
4.4.3. Cloud-Based Analytics
4.5. Challenges
4.5.1. Data Security and Privacy Issues
4.5.2. Data Integration
4.6. Key Player Analysis

5. COVID-19 Impact Analysis on Healthcare Analytics Market
5.1. Analytics to Support Resourcing, Operational and Financial Decision Making Amidst Covid-19
5.2. Population Health and Analytics, a Win-Win Combination for Targeted Health Intervention for Covid-19
5.3. Covid-19 Exposed the EMR Limitations Triggering Need for Improved Data Accuracy and Analytics Capabilities
5.4. eHealth Collaborations Driven by Covid-19 to Leverage Analytics Solutions
5.5. Predictive and Prescriptive Analytics, the Solution Providers for Covid-19
5.6. The Covid-19 Analytics Dashboards - an Opportunity to Highlight Analytics Offering
5.7. Industry Collaborations to Support Covid-19 Situation Using Analytics Capabilities
5.8. U.S., the Most Affected Nation with Covid-19 to Provide Significant Demand for Analytics

6. Healthcare Analytics Market, by Type
6.1. Introduction
6.2. Descriptive Analytics
6.3. Predictive Analytics
6.4. Prescriptive Analytics

7. Healthcare Analytics Market, by Component
7.1. Introduction
7.2. Services
7.2.1. Support Services
7.2.2. Business Analytics Services
7.3. Software
7.4. Hardware

8. Healthcare Analytics Market, by Mode of Delivery
8.1. Introduction
8.2. On-Premise Analytics
8.3. Web Analytics
8.4. Cloud Analytics

9. Healthcare Analytics Market, by Application
9.1. Introduction
9.2. Financial Analytics
9.2.1. Claims Analytics
9.2.2. Revenue Cycle Management (RCM)
9.2.3. Payment Integrity & Fraud, Waste & Abuse (FWA)
9.2.4. Risk Adjustment & Risk Assessment
9.3. Clinical Analytics
9.4. Operational Analytics & Administrative Analytics
9.5. Population Health Analytics

10. Healthcare Analytics Market, by End User
10.1. Introduction
10.2. Payer Analytics
10.2.1. Private Payers
10.2.2. Public Payers & Government Agencies
10.2.3. Employers
10.3. Provider Analytics
10.3.1. Hospitals, IDNs & Physician Practices
10.3.2. Post-Acute Care Organizations
10.3.3. Ambulatory Care Settings
10.4. ACOs & MCOs

11. Healthcare Analytics Market, by Geography
11.1. Introduction
11.2. North America
11.2.1. U.S.
11.2.2. Canada
11.3. Europe
11.3.1. Germany
11.3.2. U.K.
11.3.3. France
11.3.4. Italy
11.3.5. Spain
11.3.6. RoE
11.4. Asia-Pacific
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. RoAPAC
11.5. RoW
11.5.1. Latin America
11.5.2. Middle East & Africa

12. Competitive Landscape
12.1. New Product Launch / Product Upgrade
12.2. Partnerships, Agreements, Strategic Alliances & Collaborations
12.3. Deployments / New Clients
12.4. Mergers & Acquisitions
12.5. Contract Extension
12.6. Other Growth Strategies

13. Company Profiles (Business Overview, Product Portfolio, Financial Overview, Strategic Developments)
13.1. Allscripts Healthcare Solutions, Inc.
13.2. Cerner Corporation
13.3. EPIC Systems
13.4. Health Catalyst
13.5. IBM Corporation
13.6. Inovalon HOLDINGS, INC.
13.7. Mckesson Corporation (Change Healthcare)
13.8. MedeAnalytics, Inc.
13.9. Accenture Plc
13.10. UnitedHealth Group (Optum)
13.11. Oracle Corporation
13.12. SAP Se
13.13. SAS Institute Inc.
13.14. SCIOInspire, Corp. (Part of EXLService Holdings, Inc.)
13.15. Tableau Software, Inc. (Part of Salesforce)
13.16. TIBCO Software Inc.
13.17. Verscend Technologies, Inc.
13.18. VitreosHealth (Part of HMS Holdings Corp.)
13.19. Microsoft Corporation

14. Appendix
14.1. Questionnaire
14.2. Available Customization

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