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Global Risk Analytics Market (2017-2022): Key Players are SAS, IBM, Oracle, Fuzzy Logix, Information Builders & Cerner Corporation - Research and Markets

[September 04, 2017]

Global Risk Analytics Market (2017-2022): Key Players are SAS, IBM, Oracle, Fuzzy Logix, Information Builders & Cerner Corporation - Research and Markets

The "Global Risk Analytics Market - By Solution Application , Industry, Geography, Trends, Forecast - 2017 - 2022" report has been added to Research and Markets' offering.

The Asia Pacific (APAC) Market for Healthcare Analytics was valued at USD 1.59 million in 2016 and is projected to reach USD 6.55 million by the end of 2022, at a compound annual growth rate of 26.60% over the six year forecasted period.

The healthcare analytics technology, which extensively uses data for quantitative and qualitative analysis, is undergoing an industry transformation from volume-based medicines and reimbursement to value-based medicines and reimbursement. Factors, such as the sudden emphasis on a more improved quality healthcare, reduced length-of-stay at hospitals, lower costs of health and medicine, and fraud detection, are some of the primary demands of payers of this technology. Additionally, higher incentives for medicine, integration of big data in healthcare, and technological advancements, among others are some of the other drivers of this maret.

Sustainable economic growth over the past two decades, major government policies in practice, increase in the IT skills & outsourcing, rising incidences of chronic diseases, emergence of big data in healthcare & progress in the outcomes of clinical processes are the major factors fuelling the markets growth. However, lack of proper skilled labor, data integrity issues, cost & complexity of the software and major opposition from the medical industry towards accepting an IT based approach are some of the factors hindering the growth of the market.

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