The global healthcare analytics market size is expected to hit around US$ 52.2 Bn by 2026 and will grow at a CAGR of around 23.4% over the forecast period 2019 to 2026.
Healthcare analytics are the solutions that involve all the healthcare analysis activities by using data from the key areas of the healthcare; pharmaceutical and R&D data, patient behaviors data, clinical data, and claims & cost data. Healthcare analytics help to improve clinical care while limit the excessive healthcare spending. Key goals of healthcare analytics are protecting privacy and security of patient’s personal information, increasing user confidence on health IT, and collaborating among all stakeholders. Market players are investing in R&D processes to launch innovative solutions with greater features and gain competitive advantage in the industry. Hospitals, clinics, long term care facilities, senior living facilities, and payers are the key end users of the healthcare analytics. Key applications of the solutions include revenue cycle management, clinical analytics, risk assessment, fraud detection, claim processing, and supply chain analysis. However, financial analytics is most widely adopted.
Market Dynamics
Increasing demand of healthcare analytics due to emergence of big data in healthcare, government mandates to reduce an excessive spending, increasing electronic health record (EHR) adoption, and mergers and acquisitions of the market players are the key driving factors for the market. Growing funding to healthcare IT firms accelerates the technological advancements and thereby improves R&D productivity. Development of basic IT infrastructure in developing countries and increasing healthcare spending are likely to propel the market in emerging countries such as India, China, and Brazil. Investment by market players to enter into these emerging countries due to available opportunities is anticipated to propel the market growth during the forecast period. Traditionally, investors focus on the entry into a few country markets such as Australia, China, South Korea, and India due to good infrastructure and supportive government regulations. However, lack of skilled IT professionals & healthcare IT infrastructure in under developed countries and issues pertaining to data safety and integrity are likely to hinder the market growth.
Financial analytics accounted for the largest share by application of the market in 2018 and expected to maintain its dominance during the forecast period due to high demand from broad range of healthcare settings. Based on the application of healthcare analytics, the market has been segmented into population health analytics, clinical analytics, financial analytics, and operational & administrative analytics. High focus of payers on reducing preventable cost and the early detection of frauds are the major reasons for the demand and dominance of the financial analytics segment in the market.
Based on the type, the market has been segmented into descriptive, predictive, prescriptive, and cognitive. Descriptive held the largest share of the market in 2018. However, prescriptive is anticipated to observe the fastest growth during the forecast period.
On-premise model accounted for the largest share of the market in 2018 in terms of deployment model of the software owing to the ease of customization and cost effective model of on-premise deployment. On-premise and on-demand are the key segments of the market based on the deployment mode. Cloud based model is anticipated to observe the fastest growth during the forecast period due to safe data storage.
Based on end-users, the market has been segmented into payers and others. Others segment includes providers such as hospitals, ambulatory settings, and post acute care organization; accountable care organizations, and third-party administrators. Payers segment accounted for the maximum share of the market in 2018. This can be attributed to increasing need of healthcare analytics solutions due to rising healthcare cost, increasing competition, to optimize provider network, to curb fraud claims, and growing need to increase membership.
The market research study on “Healthcare Analytics Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight on the global healthcare analytics market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global healthcare analytics market, its application, type, deployment model, component, end-user, and major geographic regions. The report covers basic healthcare IT policies and adoption scenario in each region. Secondly, the report covers global healthcare analytics market size, and segment markets by application, type, deployment model, component, end-user, and geography along with the information on companies operating in the market. The healthcare analytics market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments has been covered under the scope of the report.
The players profiled in the report include Allscripts Health Solutions, Cerner Corporation, CitiusTech, Inc., Health Catalyst, IBM Corporation, Inovalon, Oracle Corporation, Optum, Inc., McKesson Corporation, MedeAnalytics, SAS Institute, Inc., SCIO Health Analytics, Verscend Technologies, Inc., VitreosHealth, and Wipro Limited. The leaders of the industry are involved in mergers and acquisitions to provide broad range of solutions to the customers and also for the geographical expansion.
Market Segmentation
Market By Application
- Financial
- Clinical
- Population Health Analytics
- Operational & administrative
Market By Type
- Descriptive
- Predictive
- Prescriptive
- Cognitive
Market By Deployment Mode
Market By End-User
Market By Geography
- North America
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Healthcare Analytics
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Healthcare Analytics Market By Application
1.2.2.1. Global Healthcare Analytics Market Revenue and Growth Rate Comparison By Deployment Mode (2015-2026)
1.2.2.2. Global Healthcare Analytics Market Revenue Share By Deployment Mode in 2018
1.2.2.3. Financial
1.2.2.4. Clinical
1.2.2.5. Population Health Analytics
1.2.2.6. Operational & administrative
1.2.3. Healthcare Analytics Market By Type
1.2.3.1. Global Healthcare Analytics Market Revenue and Growth Rate Comparison By Type (2015-2026)
1.2.3.2. Descriptive
1.2.3.3. Predictive
1.2.3.4. Prescriptive
1.2.3.5. Cognitive
1.2.4. Healthcare Analytics Market By Deployment Mode
1.2.4.1. Global Healthcare Analytics Market Revenue and Growth Rate Comparison By Deployment Mode (2015-2026)
1.2.4.2. On-premise
1.2.4.3. On-demand
1.2.5. Healthcare Analytics Market By End User
1.2.5.1. Global Healthcare Analytics Market Revenue and Growth Rate Comparison By End User (2015-2026)
1.2.5.2. Payer
1.2.5.3. Others
1.2.6. Healthcare Analytics Market By Geography
1.2.6.1. Global Healthcare Analytics Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.6.2. North America Healthcare Analytics Market Revenue and Growth Rate(2015-2026)
1.2.6.3. Europe Healthcare Analytics Market Revenue and Growth Rate(2015-2026)
1.2.6.4. Asia-Pacific Healthcare Analytics Market Revenue and Growth Rate(2015-2026)
1.2.6.5. Latin America Healthcare Analytics Market Revenue and Growth Rate(2015-2026)
1.2.6.6. Middle East and Africa (MEA)Healthcare Analytics Market Revenue and Growth Rate(2015-2026)
CHAPTER 2. MARKET DYNAMICSAND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Healthcare Analytics Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Healthcare Analytics Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Healthcare Analytics Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Healthcare Analytics Major Manufacturers in 2018
CHAPTER 4. HEALTHCARE ANALYTICS MARKET BY APPLICATION
4.1. Global Healthcare Analytics Revenue By Application
4.2. Financial
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Clinical
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Population Health Analytics
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Operational & administrative
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. Healthcare Analytics MARKET BY TYPE
5.1. Global Healthcare Analytics Revenue By Type
5.2. Descriptive
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Predictive
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Prescriptive
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Cognitive
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. HEALTHCARE ANALYTICS MARKET BY DEPLOYMENT MODE
6.1. Global Healthcare Analytics Revenue By Deployment Mode
6.2. On-premise
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. On-demand
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. HEALTHCARE ANALYTICS MARKET BY END USER
7.1. Global Healthcare Analytics Revenue By End User
7.2. Payer
7.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.3. Others
7.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 8. NORTH AMERICA HEALTHCARE ANALYTICS MARKET BY COUNTRY
8.1. North America Healthcare Analytics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. North America Healthcare Analytics Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. U.S.
8.3.1. U.S. Healthcare Analytics Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
8.3.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
8.4.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 9. EUROPE HEALTHCARE ANALYTICS MARKET BY COUNTRY
9.1. Europe Healthcare Analytics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Europe Healthcare Analytics Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
9.3.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
9.4.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
9.5.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
9.6.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
9.7.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 10. ASIA-PACIFIC HEALTHCARE ANALYTICS MARKET BY COUNTRY
10.1. Asia-Pacific Healthcare Analytics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Asia-Pacific Healthcare Analytics Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
10.3.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
10.4.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
10.5.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.6.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.6.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
10.6.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.7.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.7.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
10.7.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.8.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.8.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
10.8.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 11. LATIN AMERICA HEALTHCARE ANALYTICS MARKET BY COUNTRY
11.1. Latin America Healthcare Analytics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Latin America Healthcare Analytics Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
11.3.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
11.4. Mexico
11.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
11.4.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
11.5.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 12. MIDDLE EAST & AFRICA HEALTHCARE ANALYTICS MARKET BY COUNTRY
12.1. Middle East & Africa Healthcare Analytics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Middle East & Africa Healthcare Analytics Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
12.3.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
12.3.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
12.4.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
12.4.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
12.5.3. Market Revenue and Forecast By Deployment Mode, 2015 - 2026 ($Million)
12.5.4. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 13. COMPANY PROFILE
13.1. Allscripts Health Solutions
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Cerner Corporation
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. CitiusTech, Inc.
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Health Catalyst
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. IBM Corporation
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Inovalon
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Oracle Corporation
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Optum, Inc.
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Type Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. McKesson Corporation
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Type Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. MedeAnalytics
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Type Portfolio
13.10.5. Key Developments
13.10.6. Strategies
13.11. SAS Institute, Inc.
13.11.1. Company Snapshot
13.11.2. Overview
13.11.3. Financial Overview
13.11.4. Type Portfolio
13.11.5. Key Developments
13.11.6. Strategies
13.12. SCIO Health Analytics
13.12.1. Company Snapshot
13.12.2. Overview
13.12.3. Financial Overview
13.12.4. Type Portfolio
13.12.5. Key Developments
13.12.6. Strategies
13.13. Verscend Technologies, Inc.
13.13.1. Company Snapshot
13.13.2. Overview
13.13.3. Financial Overview
13.13.4. Type Portfolio
13.13.5. Key Developments
13.13.6. Strategies
13.14. VitreosHealth
13.14.1. Company Snapshot
13.14.2. Overview
13.14.3. Financial Overview
13.14.4. Type Portfolio
13.14.5. Key Developments
13.14.6. Strategies
13.15. Others
13.15.1. Company Snapshot
13.15.2. Overview
13.15.3. Financial Overview
13.15.4. Type Portfolio
13.15.5. Key Developments
13.15.6. Strategies
CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope
