Infinium Global Research Global Healthcare Analytics Market Trends Analysis | Page 2
Global Healthcare Analytics Market: Trends Analysis and Forecasts
up to 2022
The report on Healthcare Analytics Market by Infinium Global Research analyzes over the period of 2016
to 2022. This report also provides detailed qualitative and quantitative analyses of the market dynamics,
market size and future trends in Global Healthcare Analytics Market. It will help a lot of decision makers to
develop strategies and find new opportunities in the Global Healthcare Analytics Market.
The global market for healthcare analytics was valued at USD 7.3 billion in 2015 and is expected to grow at a
CAGR of 24.7% during the forecast period of 2016 to 2022. Analytics is the systematic use of data and related
business insights developed through various analytical models such as statistical, cognitive, contextual,
predictive, quantitative and other emerging models to initiate fact based decision making for planning,
measurement, management, and learning. These analytics may be predictive, descriptive, and prescriptive.
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Analytics in the healthcare industry
Currently, the global healthcare industry is experiencing fundamental transformation to a value based
business from a volume based business. With the increasing demand from consumers for improved healthcare
quality and enhanced value, the healthcare providers and payers around the world are challenged by
reduction of costs, improve better outcomes, provide more with less and be more patient centric. Similarly,