Healthcare Data Analytics Market to Ride on the Back of Cutting-edge Sensors

Published Date : Apr 10, 2018

ALBANY, New York, Apr 10, 2018: has announced the addition of a new market study to its repository, titled, “2018-2025 Healthcare Data Analytics Report on Global and United States Market, Status and Forecast, by Players, Types and Applications.” The report states that the future of healthcare is in data analytics. This is because by deeply analyzing data gathered from various sources, it generates accurate alerts and customized suggestions for patients and appropriate information for doctors and other caregivers.

The report predicts the healthcare data analytics market to see impressive growth in the near future because of a number of factors. Rapid development and unveiling of a wide array of sensors, stronger internet connectivity, popularity of wireless data transfer devices such as Bluetooth, a flurry of healthcare wearables, and immense proliferation of smartphones are some of them. Apart from that data-enriched tools, namely eHealth, mHealth, EHR (Electronic Health Records) are also helping to boost the market. Together, they can be used to collect and analyze data on blood pressure, physical activities, medication intake, blood glucose levels, weight, and a host of other things. The crucial information yielded by healthcare data analytics is then compiled typically on a dashboard so that both patients and doctors can diagnose and treat various medical conditions, or even thwart one well in advance.

In order to study the market for healthcare data analytics, the report segments the market by type into predictive, descriptive, and prescriptive. Among them, descriptive analytics is serving to generate significant revenue because of the fact that it is the basis for effective application of prescriptive and predictive analytics.

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Depending upon application, it further classifies the market into hospital, clinical, and government, among others. Hospitals and clinics, of them, are leveraging healthcare analytics majorly to improve diagnosis, treatment, and patient management.

Geographically, the key segments of the healthcare data analytics market studied in the report are the EU, the U.S., and Southeast Asia including China, Japan, and India. Of them, North America and Europe are key markets because of the large per capita spends on healthcare in the region owing to a higher standard of living, growing initiatives by governments on personalized medicine, robust public health management systems, and surging uptake of EHR. Asia Pacific is expected to emerge as another key region in the global healthcare data analytics market mainly because of the largely untapped opportunities in fast-expanding large economies of China and India.

To study the competitive landscape in the global market for healthcare data analytics, the report profiles the key players and tries to unravel their winning strategies. Allscripts, Cerner, Health Catalyst, IBM, Inovalon, McKesson, MedeAnalytics, Optum, Oracle, SAS, Wipro, Verscend, CitusTech, VitreosHealth, and SCIO Health are to name a few of them.

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