Market Revenue Healthcare Analytics Market Industry Revenue

Healthcare Analytics Market Industry Revenue, Production,
Consumption Forecast to 2025
“Healthcare Analytics Market size is expected to reach USD 53.65 billion by
2025. Healthcare analytics (HA) implies analyzing data collected from
various sources; to improve healthcare facilities. Increasing need to reduce
healthcare expenditure among hospitals and the other healthcare providers
is expected to drive the market growth in the upcoming period.”
Global Healthcare Analytics Market size is expected to reach USD 53.65 billion by 2025. Healthcare analytics
(HA) implies analyzing data collected from various sources; to improve healthcare facilities. Increasing need to
reduce healthcare expenditure among hospitals and the other healthcare providers is expected to drive the
market growth in the upcoming period. The market size is anticipated to grow at a high CAGR in the upcoming
period as the scope, product types, and its applications are increasing across the globe. With the advent of data-
enriched tools such as eHealth, mHealth, mobile applications, and electronic health records (EHR), the
communication gap between patients and caregivers has reduced. These tools generate tremendous data,
which is used for personalized treatments. Now hospitals are using healthcare analytics to manage the number
of workers working in a shift. The market based on the types is classified into descriptive, prescriptive, and
predictive. Descriptive analytics is widely used amongst the three and held the largest share in 2016.
Mostly these systems are used for administrative and process optimization activities. Moreover, the “predictive”
analytics is expected to witness large market share during the forecast period. This method is widely used by
organizations such as insurance providers, government organizations, hospitals, clinics and life science
companies. Delivery modes of healthcare analytics include web based, on-premises, and cloud based delivery.
The “on-premises” delivered services contributed 48% market share in 2015. On the other hand, the “cloud
based analytics” is expected to hold the highest market share in the forthcoming period.
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