Research and Markets

Research and Markets

February 26, 2014 09:30 ET

The Healthcare Analytics/Medical Analytics Market Report, Segmented by Application, Type, End-user, Delivery Mode, and Geography

Report Includes Trends & Global Forecasts to 2020, and Profiles Over 20 Major Players in the Industry

DUBLIN, IRELAND--(Marketwired - Feb. 26, 2014) - Research and Markets ( 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 global healthcare analytics 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 healthcare analytics 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 market shows a double-digit growth rate due to supportive elements such as digitization of world commerce, the emergence of Big Data, and also due to the increase in the number of advanced technologies. Factors such as federal healthcare mandates, growing healthcare IT adoption across the globe, growing fields of predictive and prescriptive analytics, and venture capital investments are driving the market. However, factors such as data security issues, patient data confidentiality, cultural barriers to IT adoption, and lack of manpower with cross-functional analytical skills may hinder the growth of this market.

The U.S. healthcare analytics market is a well-established yet lucrative market. The European market is the second-largest market, growing at a lower rate mainly due to the economic crisis and lack of government initiatives for analytics. The Asian market is relatively new to medical analytics; however, the increasing HCIT adoption, IT skills, and outsourcing trend will drive this market.

The market is a highly fragmented market with some major players such as IBM Corporation (U.S.), Oracle Corporation (U.S.), Truven Health Analytics, Inc. (U.S.), Verisk Health, Inc. (U.S.), Optum, Inc. (U.S.), MedeAnalytics, Inc. (U.S.), McKesson Corporation (U.S.), SAS Institute, Inc. (U.S.), LexisNexis Risk Solutions (U.S.), Inovalon, Inc. (U.S.), Predixion Software (U.S.), iHealth Analytics, Inc. (U.S.), Predilytics (U.S.), and Cerner Corporation (U.S.), among others.

Report Segmentation

By Type

  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics

By Application

  • Clinical Analytics
  • Quality Care
  • Medical Error Reduction
  • Physician Performance Evaluation
  • Customer Relationship Management (CRM)
  • Financial Analytics
  • Claims Analytics
  • Revenue Cycle Management (RCM)
  • Risk Management Analytics
  • Operational and Administrative Analytics
  • Supply Chain Analytics
  • Human Resource/Workforce Analytics
  • Strategic Analytics
  • Research Analytics

By Component

  • Hardware
  • Software
  • Services

By Delivery Mode

  • On-premise Models
  • Web-hosted Models
  • Cloud-based Models

By End User

  • Healthcare
  • Payers
  • Providers
  • Healthcare Information Exchanges (HIEs)
  • Others (ACOs, IDNs, Employers)
  • Others (Life Sciences and Contract Research Organizations)

Global Healthcare Analytics Market, by Geography

  • U.S.
  • Europe
  • Asia
  • Rest of the World (RoW)

Companies Mentioned In this Report Include:

  • Cerner Corporation
  • Fuzzy Logix
  • Humedica
  • Ibm Corporation
  • Information Builders
  • Inovalon
  • Kyruus
  • Lexisnexis Risk Solutions
  • Mckesson Corporation
  • Medeanalytics
  • Metric Insights
  • Optum (Part Of Unitedhealth Group)
  • Oracle Corporation
  • Paradigm4
  • Precision Software
  • Rapid Insight
  • Sas Institute
  • Truven Healthanalytics.
  • Vantage Point Healthcare Information Systems
  • Verisk Analytics
  • Vitalspring Technologies

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Contact Information

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    Sector: Healthcare and Medical Devices