DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/sc2535/healthcare) has announced the addition of the "Healthcare Analytics/Medical Analytics Market by Application, Type, End-user, Delivery Mode - Trends & Global Forecasts to 2020" report to their offering.
The market is driven by several factors such as federal healthcare mandates, benefits associated with the use of analytics (such as improved patient outcomes, physician performance evaluation, quality care, and fraud detection and prevention), technological advancements, increasing HCIT adoption, and venture capital investments. The global market is valued at an estimated $4,430.9 million in 2013 and is expected to reach $21,346.4 million by 2020, at a CAGR of 25.2% from 2013 to 2020. Growth is mainly driven by predictive analytics and prescriptive analytics in the U.S. and Asia. The major opportunities in the market are value-based medicine and personalized medicine.
The 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 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 global market is propelled by the increasing demand for better clinical outcomes, treatment of diseases in the early stages, and rise in efficiency of the healthcare process. A major driver is the American Recovery and Reinvestment Act of 2009 (ARRA), which offers incentives to hospitals and physicians that adopt electronic health records (EHRs) technology and document Meaningful Use.' Healthcare analytics also helps in decision-making and handling large amounts of data generated in healthcare. The major barriers for the market, however, are the mindset of physicians, operational gap between payers and providers, and lack of trained IT staff in healthcare.
Scope of the Report
Type
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
Application
- Clinical Analytics
- Financial Analytics
- Operational and Administrative Analytics
- Research Analytics
Component
- Hardware
- Software
- Services
Delivery Mode
- On-premise Models
- Web-hosted Models
- Cloud-based Models
End User
- Healthcare
- Others (Life Sciences and Contract Research Organizations)
Companies Mentioned
- Cerner Corporation
- Fuzzy Logix Llc
- Humedica, Inc.(Part Of Unitedhealth Group, Inc. (Optum))
- Ibm Corporation
- Information Builders, Inc.
- Inovalon, Inc.
- Kyruus, Inc.
- Lexisnexis Risk Solutions
- Mckesson Corporation
- Medeanalytics, Inc.
- Metric Insights, Inc.
- Optum, Inc. (Part Of Unitedhealth Group, Inc.)
- Oracle Corporation
- Paradigm4
- Precision Software Ltd.
- Rapid Insight, Inc.
- Sas Institute, Inc.
- Truven Healthanalytics, Inc.
- Vantage Point Healthcare Information Systems, Inc.
- Verisk Analytics, Inc.
- Vitalspring Technologies, Inc.
For more information visit http://www.researchandmarkets.com/research/sc2535/healthcare
