Healthcare Analytics Global Market Opportunities And Strategies To 2022 Including: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Clinical Data Analytics, Administrative & Operational Analytics, Financial Analytics Covering: IBM, Oracle Corporation, Mckesson Corporation, Truven Health Analytics, Cerner Corporation
July 2018
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About the Report
About the Report
Analytics is the systematic use of data and related business insights developed through various analytical models such as statistical, cognitive, contextual, predictive, quantitative and other emerging models to initiate fact-based decision making for planning, measurement, management, and learning. This analytics may be predictive, descriptive, and prescriptive.
The global market for healthcare analytics was valued at USD 11.3 billion in 2017 and is expected to reach USD 34.1 billion by 2022f, growing at a CAGR of 24.8% during the forecast period of 2017e to 2022f.
Based on the type of technology used, the healthcare analytics market is segmented into descriptive, prescriptive and predictive analytics. Among all these, descriptive analytics held the largest market share of 54.0% in 2016, whereas the predictive analytics market is growing at the highest growth rate of 29.0% during the forecast period of 2017e to 2022f.
The global healthcare analytics market based on the type of application areas is segmented into four segments, which includes clinical data analytics, administrative & operational analytics, financial data analytics, and others. The others segment comprise analytics used in research, patient prevalence, etc. Among these above-mentioned applications, the market financial data analytics segment accounted the largest market share of nearly 69.0% of the total market in 2016 and is followed by administrative and operational analytics segment.
The global healthcare analytics market based on the geography is segmented into four segments, which includes North America, Europe, Asia-Pacific and Rest of the World (RoW). RoW comprise various regions like South America, Africa, Middle East, etc. Among these above-mentioned geographies, the North American market accounted for the largest market share of nearly 61.2% of total market in 2016 and is followed by Europe and RoW regions, which accounted for 17.1% and 12.8% share of overall healthcare data analytics market in 2016. Most of the companies operating in this market are headquartered in the US, making North America the largest market for healthcare analytics. The market in China is expected to grow at a rapid pace in the Asia-Pacific region due to rapid improvements in the infrastructure, increasing healthcare awareness, expansion of insurance coverage, rapidly growing patient data, and expansion of public health spending.
Major players operating in this market include Cerner Corporation, Oracle Corporation, McKesson Corporation, IBM Corporation, Truven Health Analytics, Optum, and MedeAnalytics.
Products
Products
Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Clinical Data Analytics, Administrative & Operational Analytics, Financial Analytics
Companies
North America: Oracle Corporation, Hortonworks, Cerner Corporation, Medical Information Technology, Change Healthcare, Amitech Solutions, Analytics 4 Life, Inc., Coral Health, IBM Watson Health, PHEMI Systems
South America: Optum, Inc., SAS Institute, Inc., IBM Corporation, Verisk Analytics, Inc., McKesson Corporation, Allscripts Health Solutions, Oracle Corporation, MedeAnalytics, Inovalon, Inc., Health Catalyst
Western Europe: MedeAnalytics International Limited, Siemens Healthineers, Linguamatics, Voluntis S.A., Kayentis, Medicalchain
Eastern Europe: Milliman, N-iX, KindGeek, Iryo
Asia-Pacific: Hortonworks, Cerner Corporation, Livehealth, Wipro Limited
Middle East: Cerner Corporation, POCARED Diagnostics Ltd., Datos Health
Africa: IBM Corporation, Oracle Corporation
Table of Contents
Table of Contents
1. Introduction
1.1. Research Scope And Description
2. Executive Summary
3. Qualitative Analysis
3.1. Healthcare Analytics Market Overview
3.2. Market Drivers
3.2.1. Increasing Availability Of Big Data In Healthcare Industry
3.2.2. Government Mandated Policies
3.2.3. Technological Advances
3.2.4. Financial domain
3.2.5. Pressure To Reduce Costs And Minimize Readmissions
3.3. Market Challenges
3.3.1. Lack Of Data Integration And Poor Standardization
3.3.2. Collaboration Problems Among Healthcare Providers And Payers
3.3.3. Lack Of Skilled Professionals And High Cost Involvement
4. Value Chain Analysis: Global Healthcare Analytics Industry
5. Porters Five Forces Analysis: Global Healthcare Analytics Market
5.1. Bargaining Power Of Suppliers
5.2. Bargaining Power Of Buyers
5.3. Threat Of New Entrants
5.4. Threat Of Substitutes
5.5. Competitive Rivalry
6. Global Healthcare Analytics Market, 2014-2022f
6.1. Global Healthcare Analytics Market Size and Growth
6.2. Global Healthcare Analytics Market Size And Growth By Type Of Technology
6.2.1. Descriptive Analytics
6.2.2. Predictive Analytics
6.2.3. Prescriptive Analytics
6.3. Global Healthcare Analytics Market, By Type Of Application
6.3.1. Healthcare Financial Data Analytics
6.3.2. Administrative And Operational Data Analytics
6.3.3. Clinical Data Analytics
6.3.4. Others
6.4. Global Healthcare Analytics Market, By Type Of Product
6.4.1. Hardware
6.4.2. Software
6.4.3. Services
6.5. Global Healthcare Analytics Market, by Geography
6.6. North America
6.6.1. North America Healthcare Analytics Market Size and Growth Rate
6.6.2. North America Healthcare Analytics Market Segmentation, Type Of Technology
6.6.3. North America Healthcare Analytics Market Segmentation, Type Of Applications
6.6.4. North America Healthcare Analytics Market Segmentation, Type Of Product
6.7. Europe
6.7.1. Europe Healthcare Analytics Market Size and Growth Rate
6.7.2. Europe Healthcare Analytics Market Segmentation, Type Of Technology
6.7.3. Europe Healthcare Analytics Market Segmentation, Type Of Application
6.7.4. Europe Healthcare Analytics Market Segmentation, Type Of Product
6.8. Asia-Pacific
6.8.1. Asia-Pacific Healthcare Analytics Market Size and Growth Rate
6.8.2. Asia-Pacific Healthcare Analytics Market Segmentation, Type Of Technology
6.8.3. Asia-Pacific Healthcare Analytics Market Segmentation, Type Of Application
6.8.4. Asia-Pacific Healthcare Analytics Market Segmentation, Type Of Product
6.9. Rest of the World
6.9.1. Rest of the World Healthcare Analytics Market Size and Growth Rates
6.9.2. RoW Healthcare Analytics Market Segmentation, Type Of Technology
6.9.3. RoW Healthcare Analytics Market Segmentation, Type Of Application
6.9.4. RoW Healthcare Analytics Market Segmentation, Type Of Product
7. Company Profiles
7.1. IBM (International Business Machines Corporation)
7.1.1. Company Overview
7.1.2. Business Strategy
7.1.3. Financial Overview
7.1.4. Products and Services
7.1.5. Recent Developments
7.2. Oracle Corporation
7.2.1. Company Overview
7.2.2. Business Strategy
7.2.3. Financial Overview
7.2.4. Products And Services
7.2.5. Recent Developments
7.3. McKesson Corporation
7.3.1. Company Overview
7.3.2. Business Strategy
7.3.3. Financial Overview
7.3.4. Products and Services
7.3.5. Recent Developments
7.4. Truven Health Analytics (Private Subsidiary)
7.4.1. Company Overview
7.4.2. Business Strategy
7.4.3. Financial Overview
7.4.4. Products And Services
7.4.5. Recent Developments
7.5. Cerner Corporation
7.5.1. Company Overview
7.5.2. Business Strategy
7.5.3. Financial Overview
7.5.4. Products and Services
7.5.5. Recent Developments
8. Key M&A and Strategic Partnerships in Global Healthcare Analytics Market
9. Appendix
9.1. Research Methodology
9.2. Sources
9.3. Secondary Research
9.3.1. Stock analyst websites
9.3.2. Company website sources
9.3.3. Other technology sources
9.4. Market Data Sources
9.5. Note on Currency Conversions
9.6. Research Inquiries
9.7. The Business Research Company
9.8. Copyright and Disclaimer
List of Figure
Figure 1: Global Healthcare Analytics Market Segmentation
Figure 2: Specific Purposes Of Healthcare Organizations That Can Be Addressed By Analytics
Figure 3: Global Healthcare Analytics Market Drivers And Restraints
Figure 4: Value Chain Analysis: Global Healthcare Analytics Industry
Figure 5: Global Healthcare Analytics Market, Porters Five Forces Analysis
Figure 6: Global Healthcare Analytics Market, 2014-2022f (USD Million)
Figure 7: Global Descriptive Analytics Market, 2014-2022f (USD Million)
Figure 8: Global Predictive Analytics Market, 2014-2022f (USD Million)
Figure 9: Global Prescriptive Analytics Market, 2014-2022f (USD Million)
Figure 10: Global Financial Data Analytics Market, 2014-2022f (USD Million)
Figure 11: Global Administrative And Operational Data Analytics Market, 2014-2022f (USD Million)
Figure 12: Global Clinical Data Analytics Market, 2014-2022f (USD Million)
Figure 13: Global Other Data Analytics Market, 2014-2022f (USD Million)
Figure 14: Global Healthcare Analytics Hardware Market, 2014-2022f (USD Million)
Figure 15: Global Healthcare Analytics Software Market, 2014-2022f (USD Million)
Figure 16: Global Healthcare Analytics Services Market, 2014-2022f (USD Million)
Figure 17 : North America Healthcare Analytics Market, 2014-2022f (USD Million)
Figure 18: Europe Healthcare Analytics Market, 2014-2022f (USD Million)
Figure 19 : Asia-Pacific Healthcare Analytics Market, 2014-2022f (USD Million)
Figure 20: RoW Healthcare Analytics Market, 2014-2022f (USD Million)
List of Table
Table 1: Global Market, Comparison Of Market Size And Growth Rates
Table 2: Some Of The Business Uses Of Big Data Technologies In Hospital Networks
Table 3: Global Healthcare Analytics Market, By Type of Technology, 2014-2022f (USD Million)
Table 4: Global Healthcare Analytics Market, Type of Application, 2014-2022f (USD Million)
Table 5: Global Healthcare Analytics Market, Type of Product, 2014-2022f (USD Million)
Table 6: Global Healthcare Analytics Market, by Geography, 2014-2022f (USD Million)
Table 7: North America Healthcare Analytics Market Segmentation, Type Of Technology, 2014-2022f (USD Million)
Table 8: North America Healthcare Analytics Market Segmentation, Type Of Applications, 2014-2022f (USD Million)
Table 9: North America Healthcare Analytics Market Segmentation, Type Of Product,2014-2022f (USD Million)
Table 10: Europe Healthcare Analytics Market Segmentation, Type Of Technology, 2014-2022f (USD Million)
Table 11: Europe Healthcare Analytics Market Segmentation, Type Of Applications, 2014-2022f (USD Million)
Table 12: Europe Healthcare Analytics Market Segmentation, Type Of Product, 2014-2022f (USD Million)
Table 13: Asia-Pacific Healthcare Analytics Market Segmentation, Type Of Technology, 2014-2022f (USD Million)
Table 14: Asia-Pacific Healthcare Analytics Market Segmentation, Type Of Applications, 2014-2022f (USD Million)
Table 15: Asia-Pacific Healthcare Analytics Market Segmentation, Type Of Product, 2014-2022f (USD Million)
Table 16: RoW Healthcare Analytics Market Segmentation, Type Of Technology, 2014-2022f (USD Million)
Table 17: RoW Healthcare Analytics Market Segmentation, Type Of Applications, 2014-2022f (USD Million)
Table 18: RoW Healthcare Analytics Market Segmentation, Type Of Product, 2014-2022f (USD Million)
Table 19: IBM Financial Overview
Table 20: IBM Revenues By Business Segment
Table 21: Oracle Corporation Financial Overview
Table 22: Oracle Corporation Revenues By Business Segment
Table 23: McKesson Corporation Financial Overview
Table 24: McKesson Corporation Revenues By Business Segment
Table 25: McKesson Corporation Revenues By Geographic Segment
Table 26: Cerner Corporation Financial Overview
Table 27: Some Of The Key M&A Deals In Healthcare Analytics Industry
Table 28: Some Of The Key Partnerships And Collaborations In The Healthcare Analytics Industry
Table 29: Global Health Care Services Market, Market Data Sources
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