Predictive Analytics In Healthcare Market To Grow With Technological Advancement During the Forecast Period
Demand for analyzed data for
advancing healthcare is driving the growth in Global Predictive Analytics In
Healthcare Market in the forecast period, 2022-2026.
According
to TechSci Research report, “Predictive analytics in healthcare Market - Global Industry Size,
Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Application (Clinical Decision &
Diagnosis Support (CDS), Risk Prediction & Scoring, Demand Forecast, Drug
Discovery, Disease & Cancer Detection, Fraud Detection, Others), By End
Users (Healthcare Providers, Healthcare Payers, Others), By Component
(Hardware, Software, Services), By Deployment Mode (On premises, Cloud), By
Region”,
the global predictive analytics in healthcare market would potentially project
an impressive growth in the forecast period, 2022-2026, with an impressive CAGR
on the account of surging demand for the analyzed data for the effective and
efficient healthcare services. Increasing demand for the effective patient care,
increasing chronic diseases and its remedies is further driving the growth of
the global predictive analytics in healthcare market in the upcoming five
years. Emergence of personalized and evidence-based medicine, growing need of
increasing efficiency in the healthcare sector, and increasing demand to
curtail healthcare costs by reducing unnecessary costs is further supporting
the growth of the global predictive analytics in healthcare market in the next
five years.
Predictive analytics in healthcare played vital
role during COVID-19 pandemic in response to defense against the widespread
virus. The enormous data raised due to the increasing number of patients helped
the researchers and pharmaceutical product providers in analyzing the effect of
virus and the vaccines thus generated. Predictive analytics in healthcare
sector enables the healthcare providers in analyzing the situations and
changing conditions of the patient under observation. The method also aids
various investment bodies in deciding and finalizing their future investment
plans related to healthcare industry. The demands, uses, and requirement of the
equipment, technologies, methods, etc.
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The global predictive analytics in healthcare
market segmentation is based on application, end users, component, deployment
mode, competitional landscape, and regional distribution. Based on application,
the market is further bifurcated into clinical decision & diagnosis support
(CDS), risk prediction & scoring, drug discovery, disease & cancer
detection, fraud detection, and others. Clinical decision & diagnosis
support (CDS) is utilized by the healthcare providers to estimate the risk
percentage to an individual’s health. These data also help the patients and
caregivers with post operation issues like surgical site infection and poor
physical health, etc. Moreover, with clinical data analytics, patients can
explain their health conditions to different doctors repeatedly. This can be
achieved through an acute analysis of their clinical data, further providing
preventive care.
IBM Corporation, Unitedhealth Group, Inc., Oracle
Corporation,Cerner Corporation, Microsoft
Corp., Allscripts Healthcare Solutions, Inc., Verisk Analytics, Inc., Medeanalytics,
Inc, Information Builders, Inc., SAS Institute, Inc., Health Catalyst, McKesson
Corporation, Wipro, Ayasadi, Conifer Health Solutions, are some of the market
players holding the major shares of the global predictive analytics in
healthcare market. Market players are actively involved in the research and
technological development in the product developments. The advanced technology
has made it possible for the industry to provide excellent services through predictive
analytics in healthcare. Further advancement would aid the market value and
brand establishment in the future five years. New market players may focus on
the research and development to provide options that satisfies the consumer
demand as well as benefits the market players in building their brand value.
Other competitive strategies include mergers & acquisitions and new product
developments.
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“North America is anticipated to hold
the largest revenue shares in the future five years. The healthcare industry is
rapidly evolving. The advanced methods, along with the streamlined healthcare
systems, updated regulatory policies and availability of trained workforce are
some of the major markets driving factors currently aiding the growth of the
global predictive analytics in healthcare market. Asia Pacific region is
expected to register fastest growing CAGR value and exhibit impressive growth
in the next five years on the account of reformed policies and economic
developments. The region also supports booming IT industry and the prevailing
IT outsourcing services are expected to further substantiate the growth of the
global predictive analytics in healthcare market,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based Global management
consulting firm. “Global Predictive
analytics in healthcare Market - Global Industry Size, Share, Trends,
Opportunity and Forecast, 2016-2026
Segmented By Application
(Clinical Decision & Diagnosis Support (CDS), Risk Prediction &
Scoring, Demand Forecast, Drug Discovery, Disease & Cancer Detection, Fraud
Detection, Others), By End Users (Healthcare Providers, Healthcare Payers,
Others), By Component (Hardware, Software, Services), By Deployment Mode (On
premises, Cloud), By Region”, has evaluated the future
growth potential of global predictive analytics in healthcare and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global predictive analytics in healthcare
market.
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