The Future of Global Healthcare Providers Analytics Market

As the consumers demand more quality and value, new entrants and approaches are surfacing in the global healthcare industry. Coupled with changing consumer needs, healthcare analytics, which help to derive valuable trends from complex data, has become prized by providers internationally.

A 2014 survey by PricewaterhouseCoopers (PwC) concluded that healthcare executives are relying more on data and analytics to make an informed decision rather than just own intuition and experience of others.

More recently, the rise of healthcare analytics is backed by a report from Wise Guy Reports, a statistical data provider, which projects the Global Healthcare Analytics Market to reach USD 23.8 billion in valuation by 2020, at a CAGR of 23.9 per cent from 2015’s USD 8.48 billion. An optimised and more affordable healthcare is found to be amongst the drivers for healthcare analytics technology.

However, more work remains to be done to overcome constraints such as the accessibility between payers and providers and high cost of initial investments. The lack of know-hows to distill the data and gaps in the data integrity are pointed out in both the report and PwC’s survey. Meanwhile, the Global Healthcare Analytics Market report cited the introduction of Electronic Health Records and analytics-driven personalised medicines as some of the opportunities for the industry.

In the report, you can also find a detailed analysis of key industry players and trends on the global healthcare analytics market based on the following segmentations – Technology/Platform, Application, Component, Deployment, End-User, and Geography.

Read sample report or purchase full version here.