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PDF - Healthcare Predictive Analytics Market

PDF - Healthcare Predictive Analytics

Healthcare Predictive Analytics Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2016 – 2024: Global Market Insights Inc. Healthcare Predictive Analytics Market size was valued over USD 1 billion in 2015 and is projected to experience considerable growth from 2016 to 2024. Healthcare predictive analytics industry will witness a strong growth with amount of healthcare data exceeding 187 thousand petabytes in 2015. Owing to the remarkable increase in healthcare database volume, healthcare providers are investing heavily on digital technology to manage crucial information. This healthcare transformation has pushed healthcare industry towards data integration and analytics leading to high demand for healthcare predictive analytics software worldwide. Increasing adoption of electronic health records to better manage patient outcomes and reduce overall cost has uplifted the demand for predictive analytics industry. For instance, more than 75% of healthcare providers in North America use electronic records. Increasing healthcare spending and better healthcare amenities are some other macroeconomics factors driving global healthcare predictive analytics market size. By application, healthcare predictive analytics market can be segmented into operations management, financial, population health and clinical data. Predictive analytics software play a key role in operations management wherein it deals with demand forecasting, work planning and inpatient and outpatient scheduling. Financial healthcare predictive analytics market is expected to dominate the market due to its growing acceptance in healthcare revenue cycle management among healthcare providers. Population health management is also likely to grow at a substantial rate over the forecast period. Based on end-use, healthcare predictive analytics market can be segmented into healthcare payers, healthcare providers and others. Payers segment is likely to dominate the market comprising of insurance companies and health plan sponsors witnessing a lucrative growth from 2016 and 2024. Providers comprises of hospitals and clinics. 1 | P a g e

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