According to a new market research report published by Global Insight Services ” HealthCare Analytics Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Healthcare analytics is the process of transforming data into insights that can be used to improve patient care and drive operational efficiency. There are a variety of healthcare analytics applications, including population health management, clinical decision support, and claims fraud detection.
Healthcare analytics relies on a variety of data sources, including electronic health records, claims data, and patient surveys. Data is typically collected from multiple sources and then combined into a central data warehouse. Once data is in the warehouse, it can be cleaned and transformed into a format that is suitable for analysis.
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Key Players
- IBM
- Optum
- Cerner
- SAS Institute
- Allscripts
- McKesson
- MedeAnalytics
- Inovalon
Key Trends and Drivers
The healthcare analytics market is growing at a rapid pace due to the increasing adoption of data-driven decision making by healthcare organizations. The demand for healthcare analytics is driven by the need to reduce healthcare costs, improve patient outcomes, and increase operational efficiencies. The key trends in the healthcare analytics market are data–driven decision making, predictive analytics, real–time data analytics, and cloud–based solutions.
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Market Segments
By Type
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
- Cognitive Analytics
By Application
- Clinical Analytics
- Financial Analytics
- Operation and Administrative Analytics
- Population Health
By Components
- Services
- Hardware
- Software
By Deployment Mode
- On-premise
- On-demand
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