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April 19, 2021, 2:13 p.m. EDT

Healthcare Analytics Market 2020 Size, Share, Industry Trends, Growth, Development Strategies, Future Plans Analysis by 2027

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Apr 19, 2021 (Market Insight Reports) -- Increasing demand for improving efficiency in the healthcare industry by decreasing unwanted expenses and growing introduction of Big Data in the healthcare industry are driving the healthcare analytics market.

The global healthcare analytics market is projected to reach value of USD 90.84 Billion by 2027, according to a current analysis by Emergen Research. The global healthcare analytics market is projected to expand significantly during the forecast period. Rapid growth of the market can be attributed to the increasing demand to improve efficiency in the healthcare industry by decreasing unwanted expenses. Growing introduction of Big Data in the healthcare industry is anticipated to boost the global healthcare analytics market further during the forecast period.

The study comprises an exhaustive analysis of the contemporary market trends, for instance, the historical market data, estimated future market size, technological advancement, revenue share each region, micro- and macro-economic aspects, regulatory framework, and numerous growth trends observed in the global Healthcare Analytics market.

To receive a sample copy of this report, visit: https://www.emergenresearch.com/request-sample/439

Key Highlights of Report

  • In October 2020, TIBCO Software Inc. declared to have reached a contract to acquire Information Builders, Inc., a pioneering data analytics software provider. Through the addition of Information Builders, TIBCO would have exposure to a more extensive range of analytics and techniques, significantly improving the company's ability to support other companies in overcoming the most difficult data quality issues.

  • The hardware segment is expected to lead the market throughout the forecast period. Healthcare analytics entail a robust networking infrastructure to collect, analyze, and deliver a large volume of data. High-cost of hardware components, such as computers' components, is driving the segment.

  • The on-premises segment is expected to lead the market during the forecast period. Although a unit is located within the premises, it can also be conveniently accessible from distant locations, offering high energy use, reduced costs, and benefits in terms of operating.

  • The descriptive analytics segment is anticipated to lead the market in the next few years. Capabilities of descriptive analytics to evaluate historical insights and to gain viable future analyses are projected to fuel the segment in the near future.

  • The financial analysis segment is projected to retain the largest market share during the forecast period, due to growing utilization of the analytics to minimize health care costs and provide better treatment quality to patients.

  • Key market participants include Health Catalyst Inc., MedeAnalytics, Inc., Athenahealth Inc., Tenet Healthcare Corporation, Evolent Health, Oracle Corporation, Verisk Analytics, Inc., Epic Systems Corporation, TIBCO Software Inc., and SAP SE

Healthcare Analytics Market Segmentation:

Emergen Research has segmented the global healthcare analytics market in terms of component, deployment, solution, application, end-use, and region.

  • Component Outlook (Revenue, USD Billion; 2017-2027)

  • Deployment Outlook (Revenue, USD Billion; 2017-2027)

  • Solution Outlook (Revenue, USD Billion; 2017-2027)

  • Application Outlook (Revenue, USD Billion; 2017-2027)

  • End-use Outlook (Revenue, USD Billion; 2017-2027)

Request customization of the report @ https://www.emergenresearch.com/request-for-customization/439

Regional segmentation of the report covers key regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa . The report also offers a country-wise analysis of the Healthcare Analytics market to offer a better understanding of the key features such as production and consumption pattern, supply and demand ratio, import/export, revenue contribution, market share and size, and presence of key players in the region.

Detailed Regional Analysis Covers:

  • North America (U.S., Canada)

  • Europe (U.K., Italy, Germany, France, Rest of EU)

  • AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)

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