TMCnet News
Healthcare Analytics Market Size to Reach USD 158.90 Billion in 2030 | Emergen ResearchVANCOUVER, B.C., Jan. 17, 2023 /PRNewswire/ -- The healthcare analytics market size reached USD 21.10 Billion in 2021 and is expected to register a CAGR of 25.4% during the forecast period, according to latest analysis by Emergen Research. Rapid technological advancements in healthcare management, increasing need for improving efficiency of organizations for sales and marketing activities, increasing supportive government initiatives, as well as rising usage of electronic health records are some key factors driving healthcare analytics market revenue growth.  Big healthcare data analytics has a lot of beneficial and even life-saving effects. Healthcare analytics is revolutionizing the healthcare sector because it has the ability to lower treatment costs, foresee epidemic outbreaks, prevent infections, and generally enhance the quality of life. The average human lifetime is rising globally, which presents additional difficulties for current therapy delivery strategies. Data may be quickly and intelligently collected from sources of big data in the healthcare sector, such as patient portals, research projects, Electronic Health Records (EHRs), and wearable technology, with the use of this appropriate technology. The ability of health experts to gather enormous amounts of data and search for the best ways to use these figures, like that of business entrepreneurs is boosting demand for healthcare analytics and accelerating the growth of the industry. Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/439 Drivers: Demand for healthcare analytics devices has significantly increased over the years due to market demand for improving efficiency of organizational sales and marketing activities as well as growing consumer demand from the pharmaceutical industry. Healthcare businesses require a high-powered data engine to crunch the figures, evaluate the data and promptly deliver it to decision-makers if they are to operate effectively. The business agility exemplified by the healthcare sector is made feasible through data analytics. Clinicians are given the tools they need to conduct their jobs well by healthcare analytics, which operate in the background at clinics, in healthcare networks, and in governmental agencies. Hospitals are huge, intricate logistical systems with many moving elements. High-performance data analytics are necessary to ensure these processes work well, from personnel to patient scheduling to stocking medications and supplies. Real-time alerting is a feature that other applications of data analytics in healthcare all share. Clinical Decision Support (CDS) software analyzes medical data instantly in hospitals, giving healthcare professionals recommendations while they make directive decisions. This has raised the demand for healthcare analytics in the medical healthcare industry. Restraints: There are some issues and difficulties facing the healthcare analytics industry. Concerns about data security and privacy, high cost and complexities associated with implementation of healthcare analytics solutions, and lack of skilled professionals to operate healthcare analytics solutions are expected to hamper market growth over the forecast period. Despite the well-known advantages of analytics in healthcare organizations, adoption is low among cost-conscious end users due to high installation and subscription/licensing prices of data analytic systems. Only the best hospitals have competence and money to properly use big data to provide relevant insights. Modern on-premises health analytics solutions could cost over USD 200,000 to install and maintain on a yearly subscription/licensing basis. This makes it difficult for hospitals to increase their investments in advanced analytics, while they are focusing on installing EHRs and updating RCM systems. This element has a higher influence in underdeveloped nations because many end users are struggling to get resources for IT over medical equipment, which is hindering the growth of healthcare analytics market. Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/439 Growth Projections: The healthcare analytics market is expected to register a CAGR of 25.4% over the forecast period and revenue is projected to increase from USD 21.10 Billion in 2021 to USD 158.90 Billion in 2030. Increasing spending in emerging markets is expected to support revenue growth of the market. Current Trends and Innovations: The healthcare analytics industry is undergoing gradual change as a result of rapid technological advancements in healthcare management as well as rising usage of electronic health records. The most widely used form of big data in medicine is Electronic Health Records (EHRs). Records are accessible to providers from the public and private sectors and are shared via secure information systems. Since each record is made up of a single editable file, clinicians can make changes over time without having to complete additional paperwork or worry about data replication. Real-time alerting is a feature that other applications of data analytics in healthcare all share. Clinical Decision Support (CDS) system identifies medical data instantly in hospitals, giving healthcare professionals recommendations while they make directive decisions. Furthermore, strategic planning is made possible by the use of big data in healthcare since it provides better understanding of people's motivations. For instance, University of Florida developed heat maps for a variety of topics, including population growth and chronic diseases, using Google Maps and open public health data. Academics then matched this information to the accessibility of medical services in the majority of heated locations. They were able to reassess their delivery plan and add more care units to the most troublesome locations owing to the insights they gained from this. Strategic Initiatives: Major companies included in the market report are Athenahealth Inc, MedeAnalytics, Inc., Optum, Inc., Tenet Healthcare Corporation, Azure Ophthalmics Ltd, Oracle Corporation, Apixio Inc., Amazon Web Service, Inc., TIBCO Software Inc., SAP SE.
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/healthcare-analytics-market Scope of Research
Custom Requirements can be requested for this Report [Customization Available] @ https://www.emergenresearch.com/request-for-customization/439 Emergen Research has segmented healthcare analytics market on the basis of component, deployment, solution application, end-use, and region:
Latest Research Reports Published by Emergen Research: Internet of Things Solutions and Services Market, By Component (Solutions and Services), By Organization Size (Small & Medium Enterprises and Large Enterprises), By Focus Area (Smart Transportation and Others), and By Region Forecast to 2030 Aircraft Insulation Market, By Insulation Type (Electric Insulation, Vibration & Acoustic Insulation, Thermal Insulation), By Application (General Aviation, Commercial Aircraft, Military Aircraft) By Region Forecast to 2030 Veterinary Pain Management Market, By Drug Type (Nonsteroidal Anti-Drug Inflammatory (NSAIDs), Opioids, and Anesthetics), By Route of Administration (Oral and Parenteral) By Application, By End-Use, and By Region Forecast to 2030 Rehabilitation Equipment Market, By Product Type (Daily Living Aids, Exercise Equipment), By Application (Physiotherapy, Occupational Therapy, Others) By End-use (Hospitals, Rehab Centers, Physiotherapy Centers), By Region Forecast to 2030 Quadricycle Market, By Type (Heavy Quadricycle, Light Quadricycle), By Propulsion Type (Electric and Internal Combustion Engine), By Application (Household, Commercial), By End-Use (Leisure, Industrial, and Golf), and By Region Forecast to 2030 Thermoplastic Polyurethane Foaming Market, By Type (Polyether and Polyester), By Raw Material (Diols, Polyols, and Diisocyanate), By End-Use (Footwear, Medical, Automotive, and Industrial Machinery), and By Region Forecast to 2030 Rotator Cuff Injury Treatment Market, By Injury Type (Rotator Cuff Tendonitis, Tendon Strain or Tear, Bursitis, and Others), By Treatment Type, By End-Use, and, By Region Forecast to 2030 Soft Tissue Repair Market, By Product Type (Tissue Mesh/Patches, Tissue Fixation Devices, and Laparoscopic Instruments), By Application, By End-Use, and By Region Forecast to 2030 About Emergen Research Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend's existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors. Contact Us: Eric Lee Logo: https://mma.prnewswire.com/media/1579538/Emergen_Research_Logo.jpg
SOURCE Emergen Research 
|
View original content: