Healthcare Analytics: Technologies and Global Markets
Report Highlights
The global market for healthcare analytics reached $6.2 billion in 2016. This market should reach nearly $7.2 billion in 2017 and $14.9 billion by 2022, at a compound annual growth rate (CAGR) of 15.8%.
Report Includes
- 58 data tables and 20 additional tables
- An overview of the global markets for healthcare analytics
- Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022
- A look at how healthcare analytics utilizes systematic data from clinical and business fronts to arrive at insights that are developed with the help of statistical, contextual, quantitative, predictive, and cognitive spectrums
- Evaluations of factors driving the market, such as the introduction of federal healthcare policies, increased focus on data collection and analysis for better customer service, progress in clinical outcomes, rapid technological advances, and the emergence of social media
- Analysis of growth inhibitors, such as data security issues, patient data confidentiality, cultural barriers to IT adoption, and lack of manpower with cross-functional analytical skills
- A look at the role different participants in the industry play, including the government, insurers, medical staff, and physicians
Report Scope
This research report categorizes the healthcare analytics market by type, application, component, end user and delivery model. Applications include financial, clinical, operational and administrative and population health analytics. Components include services, software and hardware. Delivery includes on premise and on demand delivery models. End users include payers, providers and others.
The financial analytics are provided for claims processing; revenue cycle management (RCM); payment integrity and fraud, waste, and abuse (FWA); risk adjustment; and risk assessment. Clinical analytics is provided for quality improvement and clinical benchmarking; clinical decision support; regulatory reporting and compliance; comparative analytics and comparative effectiveness; and performance measurement. Operation and administrative analytics are provided for supply chain analytics, workforce analytics and strategic analytics.
Analyst Credentials
Neha Maliwal is a graduate in biotechnology with an MBA in marketing from Pune University in India.
With more than five years of experience in market research, she has worked as a business analyst across various industries, such as healthcare IT and the U.S. mortgage industry. She has authored many BCC Research reports, with topics including healthcare analytics, antibiotics and sample preparation.
Report Highlights
The global market for healthcare analytics reached $4.8 billion in 2014. This market is forecasted to grow at a compound annual growth rate (CAGR) of 24.0% to reach nearly $16.9 billion in 2020 from nearly $5.8 billion in 2015.
Report Includes
- An overview of the global markets for healthcare analytics.
- Analyses of global market trends, with data from 2014, estimates for 2015, and projections of CAGRs through 2020.
- A look at how healthcare analytics utilizes systematic data from clinical and business fronts to arrive at insights which are developed with the help of statistical, contextual, quantitative, predictive, and cognitive spectrums.
- Evaluation of factors driving the market such as the introduction of federal healthcare policies, increased focus on data collection and analysis for better customer service, progress in clinical outcomes, rapid technological advances and the emergence of social media.
- Analysis of growth inhibitors such as data security issues, patient data confidentiality, cultural barriers to IT adoption, and lack of manpower with cross-functional analytical skills.
- A look at the role different participants in the industry play including the government, insurers, medical staff, physicians and others.