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Market Research Report
November 14, 2019

Healthcare Analytics Market By Development, Trends, Investigation 2019 And Forecast To 2026

The global Healthcare Analytics Market is likely to exceed revenue of $52.2 billion by 2026, according to a study produced by Acumen Research and Consulting, The industry also reflects the CAGR of 23.4% during 2019-2026.

The latest research report on "Healthcare Analytics Market" added by Acumen Research and Consulting, presents a detailed analysis concerning market share, market valuations, revenue estimation, SWOT analysis, and regional spectrum of the business. The report further highlights key challenges and growth prospects of the healthcare analytics market, while examining the business outlook comprising expansion strategies implemented by healthcare analytics market leaders.

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North America region accounted for the largest share of the market in 2018 and is anticipated to maintain its dominance during the forecast period. This can be attributed to the high Electronic Health Record (EHR) adoption, supporting government initiatives for personalized medicine, value-based reimbursement, awareness about population health management, and presence of key industry leaders in the region. Increasing number of patient registries and big data emergence in healthcare are the other key factors for the dominance of the region in the market. Europe held the second largest share in the market. However, Asia Pacific is witnessing significant growth during the forecast period. This can be attributed to increasing awareness about healthcare analytics and rapid adoption to these solutions, investment by market players to enter in this region, and growing spending capability of payers and providers.

The financial analytics segment accounted for the largest share of the market in 2018 by application and is expected to maintain its dominance during the forecast period due to the high demand from broad range of healthcare settings. Based on the application of healthcare analytics, the market has been segmented into financial analytics, clinical analytics, population health analytics, and operational & administrative analytics. High focus of payers on reducing preventable cost and the early detection of frauds are the major reasons for the demand and dominance of the financial analytics segment in the market.

Based on the type, the market has been segmented into descriptive, predictive, prescriptive, and cognitive. Descriptive held the largest share of the market in 2018. However, prescriptive is anticipated to observe the fastest growth during the forecast period.

The on-premise model emerged as the largest share of the market in 2018 based on the deployment model of the software. This can be attributed to ease of customization and cost effective model of on-premise. On-premise and on-demand are the key segments of the market based on the deployment mode. Cloud based model is anticipated to observe the fastest growth during the forecast period due to safe data storage.

Based on end-users, the market has been segmented into payers and others. Others segment includes providers such as hospitals, ambulatory settings, and post acute care organization; accountable care organizations, and third-party administrators. Payers segment accounted for the maximum share of the market in 2018. This can be attributed to increasing need of healthcare analytics solutions due to rising healthcare cost, increasing competition, to optimize provider network, to curb fraud claims, and growing need of increase membership.

Key operating players in the healthcare analytics market are Allscripts Health Solutions, Cerner Corporation, CitiusTech, Inc., Health Catalyst, IBM Corporation, Inovalon, Oracle Corporation, Optum, Inc., McKesson Corporation, MedeAnalytics, SAS Institute, Inc., Inc., SCIO Health Analytics, Verscend Technologies, Inc., VitreosHealth, and Wipro Limited. Mergers, acquisitions, and R&D investment have been the most adopted strategies by market players to enhance their footprints in the industry.

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Some of the key observations regarding healthcare analytics industry include:

  • In September 2019, Indegene, a healthcare IT firm, acquired DT associates, a pharmaceutical consulting company that focuses on digital operations and customer experience. After acquisition, now Indegene can help their client end to end, from measuring current maturity of customer and digital excellence to designing of commercial models.
  • In February 2019, WellSky acquired Health Care Software, Inc. With the HCS acquisition, WellSky expands its service portfolio to broader range of care settings. HCS serves broader range of care settings including inpatient rehab, long term care facilities, senior living, inpatient psychiatric, and long term acute care hospitals.
  • In January 2019, Definitive Healthcare acquired data services business of HIMSS Analytics. The deal is likely to enhance Definitive Healthcare’s market intelligence abilities.
  • In December 2018, Encoda LLC, a revenue cycle management (RCM) services provider, acquired RCM division of Paramus, Microwize Technology, Inc. With the acquisition, Encoda adds certified professional coders and experienced billing staff to company’s RCM team and enhance company’s geographical footprint.
  • In August 2018, Verscend Technologies, Inc., a data based healthcare solutions provider, acquired Cotiviti Holdings, Inc. The addition of Cotoviti portfolio improved the Verscend Technologies capability to serve its client in the area of waste, and abuse management; payment accuracy; fraud, quality improvement and reimbursement; risk adjustment, and population health management.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Healthcare Analytics
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Healthcare Analytics Market By Application
1.2.2.1. Global Healthcare Analytics Market Revenue and Growth Rate Comparison By Deployment Mode (2015-2026)
1.2.2.2. Global Healthcare Analytics Market Revenue Share By Deployment Mode in 2018
1.2.2.3. Financial
1.2.2.4. Clinical
1.2.2.5. Population Health Analytics
1.2.2.6. Operational & administrative
1.2.3. Healthcare Analytics Market By Type
1.2.3.1. Global Healthcare Analytics Market Revenue and Growth Rate Comparison By Type (2015-2026)
1.2.3.2. Descriptive
1.2.3.3. Predictive
1.2.3.4. Prescriptive
1.2.3.5. Cognitive
1.2.4. Healthcare Analytics Market By Deployment Mode
1.2.4.1. Global Healthcare Analytics Market Revenue and Growth Rate Comparison By Deployment Mode (2015-2026)
1.2.4.2. On-premise
1.2.4.3. On-demand
1.2.5. Healthcare Analytics Market By End User
1.2.5.1. Global Healthcare Analytics Market Revenue and Growth Rate Comparison By End User (2015-2026)
1.2.5.2. Payer
1.2.5.3. Others
1.2.6. Healthcare Analytics Market By Geography
1.2.6.1. Global Healthcare Analytics Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.6.2. North America Healthcare Analytics Market Revenue and Growth Rate(2015-2026)
1.2.6.3. Europe Healthcare Analytics Market Revenue and Growth Rate(2015-2026)
1.2.6.4. Asia-Pacific Healthcare Analytics Market Revenue and Growth Rate(2015-2026)
1.2.6.5. Latin America Healthcare Analytics Market Revenue and Growth Rate(2015-2026)
1.2.6.6. Middle East and Africa (MEA)Healthcare Analytics Market Revenue and Growth Rate(2015-2026)

CHAPTER 2. MARKET DYNAMICSAND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Healthcare Analytics Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Healthcare Analytics Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Healthcare Analytics Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Healthcare Analytics Major Manufacturers in 2018

CHAPTER 4. HEALTHCARE ANALYTICS MARKET BY APPLICATION
4.1. Global Healthcare Analytics Revenue By Application
4.2. Financial
4.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.3. Clinical
4.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.4. Population Health Analytics
4.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.5. Operational & administrative
4.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 5. Healthcare Analytics MARKET BY TYPE
5.1. Global Healthcare Analytics Revenue By Type
5.2. Descriptive
5.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.3. Predictive
5.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.4. Prescriptive
5.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.5. Cognitive
5.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 6. HEALTHCARE ANALYTICS MARKET BY DEPLOYMENT MODE
6.1. Global Healthcare Analytics Revenue By Deployment Mode
6.2. On-premise
6.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.3. On-demand
6.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 7. HEALTHCARE ANALYTICS MARKET BY END USER
7.1. Global Healthcare Analytics Revenue By End User
7.2. Payer
7.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
7.3. Others
7.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 8. NORTH AMERICA HEALTHCARE ANALYTICS MARKET BY COUNTRY
8.1. North America Healthcare Analytics Market Revenue and Growth Rate, 2015 – 2026 ($Million)
8.2. North America Healthcare Analytics Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. U.S.
8.3.1. U.S. Healthcare Analytics Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.3.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
8.3.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
8.3.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.4.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
8.4.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
8.4.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)

CHAPTER 9. EUROPE HEALTHCARE ANALYTICS MARKET BY COUNTRY
9.1. Europe Healthcare Analytics Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.2. Europe Healthcare Analytics Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.3.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
9.3.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
9.3.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.4.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
9.4.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
9.4.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.5.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
9.5.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
9.5.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.6.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
9.6.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
9.6.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.7.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
9.7.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
9.7.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)

CHAPTER 10. ASIA-PACIFIC HEALTHCARE ANALYTICS MARKET BY COUNTRY
10.1. Asia-Pacific Healthcare Analytics Market Revenue and Growth Rate, 2015 – 2026 ($Million)
10.2. Asia-Pacific Healthcare Analytics Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.3.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
10.3.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
10.3.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.4.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
10.4.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
10.4.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.5.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
10.5.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
10.5.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.6.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
10.6.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
10.6.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.7.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
10.7.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
10.7.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.8.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
10.8.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
10.8.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)

CHAPTER 11. LATIN AMERICA HEALTHCARE ANALYTICS MARKET BY COUNTRY
11.1. Latin America Healthcare Analytics Market Revenue and Growth Rate, 2015 – 2026 ($Million)
11.2. Latin America Healthcare Analytics Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.3.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
11.3.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
11.3.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)
11.4. Mexico
11.4.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.4.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
11.4.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
11.4.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.5.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
11.5.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
11.5.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)

CHAPTER 12. MIDDLE EAST & AFRICA HEALTHCARE ANALYTICS MARKET BY COUNTRY
12.1. Middle East & Africa Healthcare Analytics Market Revenue and Growth Rate, 2015 – 2026 ($Million)
12.2. Middle East & Africa Healthcare Analytics Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
12.3.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
12.3.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
12.3.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
12.4.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
12.4.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
12.4.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
12.5.2. Market Revenue and Forecast By Type, 2015 – 2026 ($Million)
12.5.3. Market Revenue and Forecast By Deployment Mode, 2015 – 2026 ($Million)
12.5.4. Market Revenue and Forecast By End User, 2015 – 2026 ($Million)

CHAPTER 13. COMPANY PROFILE
13.1. Allscripts Health Solutions
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Cerner Corporation
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. CitiusTech, Inc.
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Health Catalyst
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. IBM Corporation
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Inovalon
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Oracle Corporation
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Optum, Inc.
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Type Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. McKesson Corporation
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Type Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. MedeAnalytics
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Type Portfolio
13.10.5. Key Developments
13.10.6. Strategies
13.11. SAS Institute, Inc.
13.11.1. Company Snapshot
13.11.2. Overview
13.11.3. Financial Overview
13.11.4. Type Portfolio
13.11.5. Key Developments
13.11.6. Strategies
13.12. SCIO Health Analytics
13.12.1. Company Snapshot
13.12.2. Overview
13.12.3. Financial Overview
13.12.4. Type Portfolio
13.12.5. Key Developments
13.12.6. Strategies
13.13. Verscend Technologies, Inc.
13.13.1. Company Snapshot
13.13.2. Overview
13.13.3. Financial Overview
13.13.4. Type Portfolio
13.13.5. Key Developments
13.13.6. Strategies
13.14. VitreosHealth
13.14.1. Company Snapshot
13.14.2. Overview
13.14.3. Financial Overview
13.14.4. Type Portfolio
13.14.5. Key Developments
13.14.6. Strategies
13.15. Others
13.15.1. Company Snapshot
13.15.2. Overview
13.15.3. Financial Overview
13.15.4. Type Portfolio
13.15.5. Key Developments
13.15.6. Strategies

CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope

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