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Report Published: Healthcare Analytics/Medical Analytics Market - Trends & Global Forecasts to 2020


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2014-01-23 16:57:06 - by Application (Clinical, Financial, & Operational), Type (Predictive, & Prescriptive), End-user (Payer, Provider, HIE, ACO), Delivery Mode (On-premise, Web, & Cloud)

The global healthcare analytics market is segmented based on products, applications, components, delivery modes, end users, and geography. On the basis of product type, the market is divided into descriptive, predictive, and prescriptive analytics. The healthcare analytics market, by component, is divided into hardware, software, and services. Based on the mode of delivery, the market is classified into on-premise models, web-hosted models, and cloud-based models. Based on end users, the market is segmented into healthcare and others. The healthcare segment is further divided into payers, providers, Health Information Exchanges (HIEs), and others. Based on geography, the market is classified into the U.S., Europe, Asia, and the Rest of the world (RoW).

The market shows a double-digit growth rate due to supportive

elements such as digitization of world commerce, the emergence of Big Data, and also due to the increase in the number of advanced technologies. Factors such as federal healthcare mandates, growing healthcare IT adoption across the globe, growing fields of predictive and prescriptive analytics, and venture capital investments are driving the market. However, factors such as data security issues, patient data confidentiality, cultural barriers to IT adoption, and lack of manpower with cross-functional analytical skills may hinder the growth of this market.

Full Report Details at
- www.fastmr.com/prod/764030_healthcare_analyticsmedical_analytics ..

The U.S. healthcare analytics market is a well-established yet lucrative market. The European market is the second-largest market, growing at a lower rate mainly due to the economic crisis and lack of government initiatives for analytics. The Asian market is relatively new to medical analytics; however, the increasing HCIT adoption, IT skills, and outsourcing trend will drive this market.

The market is a highly fragmented market with some major players such as IBM Corporation (U.S.), Oracle Corporation (U.S.), Truven Health Analytics, Inc. (U.S.), Verisk Health, Inc. (U.S.), Optum, Inc. (U.S.), MedeAnalytics, Inc. (U.S.), McKesson Corporation (U.S.), SAS Institute, Inc. (U.S.), LexisNexis Risk Solutions (U.S.), Inovalon, Inc. (U.S.), Predixion Software (U.S.), iHealth Analytics, Inc. (U.S.), Predilytics (U.S.), and Cerner Corporation (U.S.), among others.

Scope of the Report

This research report covers the global market by type, application, delivery mode, component, end user, and geography.

Global Healthcare Analytics Market, by Type

Descriptive Analytics
Predictive Analytics
Prescriptive Analytics

Global Healthcare Analytics market, by Application

Clinical Analytics
Quality Care
Medical Error Reduction
Physician Performance Evaluation
Customer Relationship Management (CRM)
Financial Analytics
Claims Analytics
Revenue Cycle Management (RCM)
Risk Management Analytics
* perational and Administrative Analytics

Supply Chain Analytics
Human Resource/Workforce Analytics
Strategic Analytics
Research Analytics

Global Healthcare Analytics Market, by Component

Hardware
Software
Services

Global Healthcare Analytics Market, by Delivery Mode

* n-premise Models

Web-hosted Models
Cloud-based Models

Global Healthcare Analytics Market, by End User

Healthcare
Payers
Providers
Healthcare Information Exchanges (HIEs)
* thers (ACOs, IDNs, Employers)
* thers (Life Sciences and Contract Research Organizations)

Global Healthcare Analytics Market, by Geography

U.S.
Europe
Asia
Rest of the World (RoW)

Partial Table of Contents:

1 INTRODUCTION
1.1 KEY TAKE-AWAYS
1.2 REPORT DESCRIPTION
1.3 MARKETS COVERED
1.4 STAKEHOLDERS
1.5 RESEARCH METHODOLOGY
1.5.1 MARKET SIZE
1.5.2 KEY DATA POINTS FROM SECONDARY SOURCES
1.5.3 KEY DATA POINTS FROM PRIMARY SOURCES
1.5.4 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 MARKET OVERVIEW
3.1 INTRODUCTION
3.2 MARKET DEFINITION
3.3 MARKET SEGMENTATION
3.4 MARKET DYNAMICS
3.4.1 DRIVERS
3.4.1.1 Better Clinical Outcomes
3.4.1.2 Results in Better Efficiency & Management
3.4.1.3 Federal Healthcare Mandates
3.4.1.4 Big data in Healthcare
3.4.2 RESTRAINTS
3.4.2.1 Resistance to the Systems Approach by the Medical Community
3.4.2.2 Operational Gap Between the Payer & Provider
3.4.2.3 Acute IT Staff Shortage in Healthcare
3.4.2.4 Lack of Comparable & Transparent data in Healthcare
3.4.3 OPPORTUNITIES
3.4.3.1 Double-digit EHR Market Growth
3.4.3.2 Increasing Approach Towards Value-based Medicine Due to Peer Pressure
3.4.3.3 Personalized Medicine Based on Analytics
3.4.3.4 Decision Support will be Easier to Access
3.5 CHALLENGES
3.5.1 FINANCIAL CONSTRAINTS
3.5.2 ENSURING PATIENT CONFIDENTIALITY
3.5.3 TRADITIONAL TECHNIQUES
3.5.4 DIVERSITY OF SYSTEMS
3.6 BENEFITS
3.6.1 HEALTH INFORMATION EXCHANGE (HIE)
3.6.2 EASE OF HANDLING BIG DATA
3.6.3 EMERGENCY CARE & PREVENTATIVE CARE
3.6.4 SAVES TIME & COST
3.6.5 DATA CLARITY & TRANSPARENCY
3.6.6 FRAUD DETECTION
4 GLOBAL HEALTHCARE ANALYTICS MARKET, BY APPLICATION
4.1 INTRODUCTION
4.2 CLINICAL ANALYTICS
4.2.1 MARKET DYNAMICS
4.2.1.1 Drivers
4.2.1.1.1 EHR effectiveness boosted by clinical analytics
4.2.1.1.2 Increase in the amount of clinical data
4.2.1.1.3 Cost-effective treatment is provided
4.2.1.2 Restraints
4.2.1.2.1 No standardized data format
4.2.2 QUALITY CARE
4.2.3 MEDICAL ERROR REDUCTION
4.2.4 PHYSICIAN PERFORMANCE EVALUATION
4.2.5 CUSTOMER RELATIONSHIP MANAGEMENT

4.3 FINANCIAL ANALYTICS
4.3.1 CLAIM ANALYTICS
4.3.2 REVENUE MANAGEMENT
4.3.3 RISK MANAGEMENT ANALYTICS
4.4 PREDICTIVE ANALYTICS
4.5 OPERATIONAL & ADMINISTRATIVE ANALYTICS
4.5.1 SUPPLY CHAIN
4.5.2 HUMAN RESOURCE
4.5.2.1 Employee Time Allocation
4.5.2.2 Employee Performance Evaluation
4.5.3 STRATEGIC
4.6 RESEARCH

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=764030&dt=t

About MarketsandMarkets

MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. The company publishes high-level strategically analyzed reports for over ten industry verticals and serves as a business intelligence partner to Fortune 500 companies across the world. View more research from Markets and Markets at www.fastmr.com/catalog/publishers.aspx?pubid=1014

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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