This report analyzes the major drivers, restraints, opportunities, and challenges that have a long and short-term impact on the growth of the healthcare analytics market. The study also analyzes the prominent players in this market along with their Strategies and recent developments.
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Healthcare Analytics market is growing with a CAGR of 25.7% over the period of 2013-2021 and expected to reach $24.2 billion by 2021. This is mainly attributed to the increasing use of cloud computing technology, federal mandates such as HIPAA, and patient’s demand for more self management tools. However, cost of implementing healthcare analytics in the organizations restricts the market growth to a certain extent.
Healthcare Analytics has been used for wide range of applications such as Data Mining, Clinical Data Analysis, Administrative Business Intelligence, Predictive Analysis, Financial and Operational performance Analysis, Supply Chain Management, and Health Information Exchange (HIE).
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