The global healthcare
predictive analytics market is
expected to reach USD 19.5 billion by 2025, according to a new report by Grand
View Research, Inc. Healthcare costs are increasing day by day and are
anticipated to increase further. For instance, as per the IBM Global Business
Services executive report in 2014, the per capita health expenditure of the
U.S. was around USD 9,400 which was almost 2.4 times greater than the global
average.
Government authorities, health organizations,
and private players are striving to bring down health-care expenditure.
Healthcare predictive analytics helps in bending the cost curve through
optimization of the existing clinical workflow, operations, and payment
strategies.
With the advent of IoT in health-care and
wearable technology, people are more aware of the available health metrics
monitoring platforms and choose to closely monitor health parameters. This
phenomenon is generating huge amount of patient data inclusive of diet habits,
physiological parameters, and vital signs. Predictive modeling based on this
data helps in understanding disease patterns using statistical tools to draw an
analysis of key therapy trends and outcomes.
Access Research Report
of Healthcare Predictive Analytics Market@: www.grandviewresearch.com/industry-analysis/healthcare-predictive-analytics-market
Further key findings from the study suggest:
· Financial applications of healthcare
predictive analytics held a significant share of around 30.0% in 2015. Revenue
cycle management and fraud detection are key financial applications.
· Increasing focus on population health
management makes it one of the most lucrative growing application segments of
the health-care predictive analytics market
· Payers form the key end-user segment of
this market. Various insurance companies, health plan sponsors, and third party
payers are other users of predictive.
· The usage of predictive analytics amongst
payers such as hospitals, clinics, and physicians is anticipated to increase
over the forecast period
· North America, being a pioneer in
health-care IT technologies, dominated the global health-care predictive
analytics market. Available advanced infrastructure with ample resources
contributed to its dominance.
· Asia Pacific is expected to witness
remunerative growth over the forecast period. Economic reforms, bolstering IT
industry, and low operating costs are the key factors alluring market players
to invest in this region.
· Some of the key players in this space
include IBM, Cerner Corporation, Verisk Analytics, Inc., McKesson Corporation,
SAS, Oracle, Allscripts, Optum, Inc.and MedeAnalytics, Inc. New product
launches and collaborations are the key strategic under takings amongst the
sector participants.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the global
healthcare predictive analytics market on the basis of application, end-use,
and region:
Global Application Outlook (Revenue,
USD Million, 2014 - 2025)
·
Operations Management
o
Demand Forecasting
o
Workforce Planning and Scheduling
o
Inpatient Scheduling
o
Outpatient Scheduling
·
Financial
o
Revenue Cycle Management
o
Fraud Detection
o
Other Financial Applications
·
Population Health
o
Population Risk Management
o
Patient Engagement
o
Population Therapy Management
o
Other Applications
·
Clinical
o
Quality Benchmarking
o
Patient Care Enhancement
o
Clinical Outcome Analysis and Management
Global End-use Outlook (Revenue, USD
Million, 2014 - 2025)
·
Healthcare Payers
·
Healthcare Providers
·
Other End-Users
Regional Outlook (Revenue, USD Million,
2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
Middle East and Africa (MEA)
o
South Africa
Access Press Release of
Healthcare Predictive Analytics Market@: www.grandviewresearch.com/press-release/global-healthcare-predictive-analytics-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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