According to the research report titled ‘GLOBAL HEALTHCARE ANALYTICS MARKET 2019-2027’, available with Market Study Report, worldwide healthcare analytics market is estimated to expand with a strong CAGR of 16.3% through 2027.
 

Spike in demand for population health analytics, increasing adoption of business intelligence solutions, and rising implementation of Big Data technologies in healthcare sector are the prime factors for global healthcare analytics industry expansion. Moreover, digital innovations like telehealth and cloud based-analytics are anticipated to push the market forward in the forthcoming years. Although, lack of proficient talents and issues pertaining to data security & privacy management are stifling the market growth. Additionally, transition from legacy analytics tools, along with escalating cases of data breaches & medical identity theft continue to remain a challenge for the industry, claims the study.
 

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Based on component terrain, global healthcare analytics industry share is divided among services, software, and hardware segments. In terms of delivery mode, the industry is split into on-demand and on-premise. Moving on, analytics type segment includes descriptive analysis, prescriptive analysis, predictive analysis, and diagnostic analysis are the industry segments. Speaking of the application range, the market is categorized into clinical analytics, financial analyst, operational & administrative analytics, and population health analytics. Under the end-user spectrum, the market is fragmented into payer, provider, ACOS, HIES, MCOS and TPAS.
 

Regionally, worldwide healthcare analytics market size is fragmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. As per trusted projections, Asia Pacific is anticipated to grab a considerable market share during the forecast timeframe owing to increasing adoption of healthcare analytics for managing huge data volumes generated by healthcare companies in the region.
 

Top companies profiled in global healthcare analytics market analysis are 3M Company, Elsevier B.V., Allscripts Healthcare Solutions, Inc., Health Catalyst, Inc., Cerner Corp., McKesson Corp., MedeAnalytics, Inc., IBM Corp., Optum, Inc., SAS Institute, Inc., Verisk Analytics, Inc., Oracle Corporation, and Information Builders, Inc.