Meticulous Research: Global Healthcare Analytics Market Worth $19.6 Billion by 2021 with CAGR of 21.3% in the Forecast Period
Mumbai, India, January 19, 2014 --(PR.com
)-- The new market research report published by Meticulous Research, Global Healthcare Analytics Market outlook: 2013-2021.
This report analyzes the major drivers, restraints, opportunities, and challenges that have a long and short-term impact on the growth of the healthcare analytics market. The study also analyzes the prominent players in this market along with their Strategies and recent developments.
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Healthcare Analytics market is growing with a CAGR of 21.3% over the period of 2013-2021 and expected to reach $19.6 billion by 2021. This is mainly attributed to the increasing use of cloud computing technology, federal mandates such as HIPAA, and patient’s demand for more self management tools. However, cost of implementing healthcare analytics in the organizations restricts the market growth to a certain extent.
Healthcare Analytics has been used for wide range of applications such as Data Mining, Clinical Data Analysis, Administrative Business Intelligence, Predictive Analysis, Financial and Operational performance Analysis, Supply Chain Management, and Health Information Exchange (HIE).
Meticulous Research analyzes global healthcare analytics market by its various applications such as clinical analytics, administrative analytics, financial analytics, operational analytics, and Health Information Exchange (HIE); by components like hardware, software, and services; by delivery modes like on-premises, web–hosted, cloud based; and by end-user like healthcare (providers and payers) and others. Geographical area covered under this report include North America (Europe, Asia –Pacific and Rest of the world (ROW). These geographies have further analyzed granularly at major country levels.
North America is the major market for the healthcare analytics followed by European countries. Asian market is still in the nascent stage, however, increasing initiatives and outsourcing will drive this market rapidly in the near future.
The players dominating healthcare analytics market are Medai Inc., Verisk Analytics Inc., MedeAnalytics Inc., Optumhealth Care Solutions Inc., Vitalsprings Technologies Inc., Allscripts Healthcare Solutions Inc., Cerner Corp., McKesson Corp. Hewlett-Packard Co., IBM Corp., Oracle Corp., and Truven Health Analytics Inc.
About Meticulous Research:
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