DUBLIN--(BUSINESS WIRE)--The "North America Healthcare Analytics Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The North America healthcare analytics market is expected to register a CAGR of nearly 22.6% during the forecast period. The North American healthcare industry is exhibiting transformation from volume-based to value-based business. Improved quality healthcare, fraud detection, reduced length-of-stay in hospitals, and prevention of novel diseases are the main demands put forth by payers and providers.
- Federal healthcare mandates, quick return of investments, big data emergence, and digitalization of world commerce supplement the market growth whereas lack of patient data security, functional gap between payers and providers, and lack of reimbursement can hamper the market growth.
- Many federal policies, programs, and actions are being initiated by the governments of the North American region, to experience progress in healthcare services. For example, within the United States, the federal government has been encouraging the use of healthcare data through various policies and initiatives. Affordable Care Act (ACA), the most important healthcare legislation in the United States, authorized the Department of Health and Human Services to release data that promote transparency in the markets for healthcare and medical insurance.
- Furthermore, the government is offering incentive payments for healthcare providers to use EMRs and has taken necessary actions to liberate data (as part of a program to promote data release and accessibility) from agencies, like Centers for Medicare and Medicaid Services, the Food and Drug Administration, and Centers for Disease Control. Thus, government healthcare policies are propelling the market growth of healthcare analytics.
The North American healthcare analytics market is moderately consolidated, with some major players controlling a major share of the market, along with the presence of several niche players. Non-competing healthcare organizations partnering with each other, in order to manage the health of a population is a major trend that is been observed in the healthcare industry. Government payers, such as Medicare and Medicaid, are readily moving toward capitated payment and value-based-purchasing models, where outcomes may be measured and rewarded. For the success of these models, healthcare analytics is expected to be as important as the providers.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Technology Type
5.2 By Application
5.3 By Component
5.4 By Mode of Delivery
5.5 By End Users
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M Company
6.1.2 Allscripts Healthcare Solutions
6.1.3 Cerner Corporation
6.1.4 Information Builders Inc.
6.1.5 International Business Machines Corporation (IBM)
6.1.6 Mckesson Corporation
6.1.7 Oracle Corporation
6.1.8 Philips Healthcare
6.1.9 Sas Institute Inc.
6.1.10 Scio Health Analytics
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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