What is Healthcare Analytics Outsourcing Market?
Healthcare data analytics can equip the hospital with improved clinical decision-making and better patient care, while helping to manage risks and obtain better market insight. Healthcare analytics transforms large amount of data into meaningful and actionable information which results in increased service excellence, operational efficiency, and business profits for healthcare professionals. The outsourced healthcare analytics services can be deployed in various strategic business functions such as potential fraud detection, marketing analytics, product design and pricing, and more.
The market study is being classified and major geographies with country level break-up.
Dell (United States), Hewlett-Packard (United States), Accenture (United States), IBM (United States), OptumHealth, Inc. (United States), Oracle Corporation (United States), VeriskAnalytics, Inc. (United States), MEDai, Inc. (United States), MedeAnalytics, Inc. (United States), McKesson Corporation, Inc. (United States) and Truven Health Analytics, Inc. (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Healthcare Analytics Outsourcing market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Healthcare Analytics Outsourcing market by Type, Application and Region.
On the basis of geography, the market of Healthcare Analytics Outsourcing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Digitisation of Healthcare Data
- Benefits Such as Improve Performance of Healthcare Providers, Risk Mitigation and Others
Market Trend
- Increasing Usage of Personalised Medicine
Restraints
- Risks Associated with the Data Security
Opportunities
- Increasing Complexity and Volume of Data
- Increased Adoption of Healthcare Analytics Owing to Demand to Reduce Healthcare Costs.
Challenges
- Lack of Skilled Professionals
Market Leaders and some development strategies
On February 2020, Health Catalyst has acquired Able Health. This acquisition will bolster the company's existing quality and regulatory measures capabilities, due in part to Able Health SaaS application, which automates measures reporting.
Key Target Audience
Health care providers, Data analytics organisation, Government associations, Research organisations and Others