Global healthcare analytics market is expected to reach a CAGR of 15.4% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Market Segmentation
By Type (Prescriptive Analytics, Predictive Analytics, Descriptive Analytics), Component (Services, Software, Hardware), Delivery Model (On-Demand, On-Premise), Application (Clinical Analytics, Population Health Analytics, Operational and Administrative Analytics, Financial Analytics), End User (Healthcare Payers, Healthcare Providers and ACOS, HIES, MCOS, AND TPAS), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Major growing sectors under the market segmentation are as follows;
In type, the prescriptive analytics are highly used because it helps to forecasts future trends and helps in predicting the values of missing fields in a data set and probable impact of data changes on future trends.
In component, services are growing at the highest CAGR because the services provided the essential resource for applications that include hardware, software and other technical aspects.
In delivery model, on-demand is growing with highest CAGR rate because it is easier to get started and has a lower ownership cost.
In application, population health analytics is growing with highest CAGR because it is increasingly being used as a tool for preventive and wellness management among other applications.
In end user, healthcare payers are growing at the highest CAGR because healthcare payers will be more in number than the providers because when the services will be provided once the payers invest in it.
Key Market Players
The key market players for Global healthcare analytics market are listed below;
IBM
Wipro Limited
Allscripts
Cerner Corporation
SAS Institute Inc.
SCIOInspire, Corp.
Verscend Technologies Pvt. Ltd
CitiusTech Inc.
Vitreos Health
Ikon Tech
IQVIA
GENERAL ELECTRIC