Analysis in the healthcare field focuses on various topics, including hospital management, patient records, diagnostics, daily costs, and others. The area of healthcare analytics includes both macro and micro levels of the healthcare industry. All the analyses are being brought together by healthcare analytics into one overarching analysis. Healthcare analytics unifies patient engagement, strategic planning, revenue cycle management, hospital management, core administration, electronic health records, patient monitoring systems, and precision medicine.
Data Bridge Market Research analyses that the U.S. healthcare analytics market which was USD 18.32 billion in 2021, would rocket up to USD 37.32 billion by 2029, and is expected to undergo a CAGR of 9.30% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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U.S. Healthcare Analytics Market Dynamics
Drivers
Government programmes to boost EHR
· The market for healthcare analytics is being driven by a number of important factors, including increasing pressure to reduce healthcare spending and improve patient outcomes, a growing emphasis on real-world evidence, and the use of big data in the industry. Adoption is the key factor accelerating market growth. In the forecast period of 2022–2029, increasing patient registries, the use of analytics in precision and personalised medicine, and a growing focus on value-based medicine will all help to open up new prospects for the market for U.S. healthcare analytics.
Research and development activities
· Technology companies such as IBM, Oracle, and others are investing in the expansion of mHealth and online healthcare treatment. Likewise, the government is funding research and development to boost the U.S. healthcare analytics market.
Numerous new opportunities
· Numerous new opportunities are likely to arise as a result of the development of technologies like PaaS. PaaS makes high-level programming easier, and this is driving the industry demand.
Opportunities
· In the forecast period of 2022 to 2029, the application of analytics in precision and personalised medicine as well as cloud-based analytics offers lucrative potential to market participants. The future growth rate of the market for U.S. healthcare analytics will also be further accelerated by the increased emphasis on value-based medicine and the rise of augmented analytics.
Restraints/Challenges
· The market for U.S. healthcare analytics will face additional challenges over the forecast period due to factors such as increased analytics solution costs, data privacy and theft concerns, and a lack of experienced personnel. However, data privacy concerns and a scarcity of skilled IT professionals in the healthcare industry have stifled market growth.
· This U.S. healthcare analytics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the U.S. healthcare analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on U.S. Healthcare Analytics Market
· The COVID-19 pandemic significantly affected both the global population and the healthcare sector. Big data's significance in the healthcare sector has increased as a result of the epidemic. The development of prediction models for predicting the appearance of following waves of COVID-19 infection makes use of predictive and prescriptive analytics. Operational analytics are very helpful in managing patient data and COVID-19 bed allocation in ICU units.
U.S. Healthcare Analytics Market Scope
· The U.S. healthcare analytics market is segmented on the basis of type, component, delivery and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
· Prescriptive Analytics
· Predictive Analytics
· Descriptive Analytics
Component
· Services
· Software
· Hardware
Delivery
· On-Demand
· On Premise
End User
· Payer
· Hospital
· Competitive Landscape and U.S. Healthcare Analytics Market Share Analysis
· The U.S. healthcare analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to U.S. healthcare analytics market.
Some of the major players operating in the U.S. healthcare analytics market are:
· IBM (U.S.)
· Wipro (India)
· Allscripts Healthcare, LLC (U.S.)
· Cerner Corporation (U.S.)
· Health Catalyst (U.S.)
· Inovalon (U.S.)
· McKesson Corporation (U.S.)
· MEDEANALYTICS, INC. (U.S.)
· Optum, Inc. (U.S.)
· Oracle (U.S.)
· SAS Institute Inc. (U.S.)
· ExlService Holdings, Inc. (U.S.)
· CitiusTech Inc. (U.S.)
· IQVIA (U.S.)
· GENERAL ELECTRIC (U.S.)
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MAJOR TOC OF THE REPORT
· INTRODUCTION
· MARKET SEGMENTATION
· EXECUTIVE SUMMARY
· PREMIUM INSIGHTS
· MARKET OVERVIEW
· QUESTIONNAIRE
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