LONDON, Oct. 22, 2018 /PRNewswire/ --
KEY FINDINGS
The Global Healthcare analytics market is expected to grow at a CAGR of 27.13% during the forecasted period of 2019-2027. According to studies done by global healthcare leaders and large companies, the IT sector is poised to have a greater impact on the industry through the field of healthcare analytics.
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MARKET INSIGHTS
Increased use of connected devices in the healthcare sector is one of the important driving factors leading to the growth of the healthcare analytics industry.Chronic diseases such as cancer, stroke, heart disease and chronic respiratory diseases which are some of the major causes of death in the world have become easily manageable with the help of these connected devices.
Another major market driver for the healthcare analytics market is the government initiatives taken by the U.S. The United States is a major market in terms of its value and is propelling the healthcare analytics market with the Affordable Care Act (ACA) and reimbursements.
REGIONAL INSIGHTS
The United States is the largest contributor to the global healthcare analytics market.The reason for this is that many prominent companies involved in the healthcare analytics market are headquartered in the US.
This can also be attributed as a market driver which is pushing their regional growth.Europe is the second-leading market for healthcare analytics.
The difference in healthcare provided in the United States and Europe is that most of the countries in Europe have a centralized healthcare plan. There are no private players.
COMPETITIVE INSIGHTS
Prominent market players in the global healthcare analytics market are Allscripts, Healthcare Solutions Inc., Cerner Corp, Elsevier B.V., Health, Catalyst, IBM Corp, Mckesson Corp, Medeanalytics, Mckesson Corp Optum Inc. (Part Of Unitedhealth Group Inc.), Oracle Corporation, Sas Institute Inc and Verisk Analytics.
Companies mentioned
1. ALLSCRIPTS HEALTHCARE SOLUTIONS INC.
2. CERNER CORP.
3. ELSEVIER B.V.
4. HEALTH CATALYST
5. IBM CORP.
6. MCKESSON CORP
7. MEDEANALYTICS
8. MCKESSON CORP OPTUM INC. (PART OF UNITEDHEALTH GROUP INC.)
9. ORACLE CORPORATION
10. SAS INSTITUTE INC.
11. VERISK ANALYTICS
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