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Press Release

Healthcare Predictive Analytics Market Size Worth $19.5 Billion By 2025: Grand View Research, Inc.

Grand View Research
Posted on: 29 Nov 16

SAN FRANCISCO, November 28, 2016 /PRNewswire/ --

The global healthcare predictive analytics market is expected to reach USD 19.5 billion by 2025, according to a new report by Grand View Research, Inc. Healthcare costs are increasing day by day and are anticipated to increase further. For instance, as per the IBM Global Business Services executive report in 2014, the per capita health expenditure of the U.S. was around USD 9,400 which was almost 2.4 times greater than the global average.

Government authorities, health organizations, and private players are striving to bring down health-care expenditure. Healthcare predictive analytics helps in bending the cost curve through optimization of the existing clinical workflow, operations, and payment strategies.

With the advent of IoT in health-care and wearable technology, people are more aware of the available health metrics monitoring platforms and choose to closely monitor health parameters. This phenomenon is generating huge amount of patient data inclusive of diet habits, physiological parameters, and vital signs. Predictive modeling based on this data helps in understanding disease patterns using statistical tools to draw an analysis of key therapy trends and outcomes.

Browse full research report with TOC on "Healthcare Predictive Analytics Market Analysis by Application (Operations Management, Financial, Population Health, Clinical), by End-Use (Payers, Providers),by Region (North America, Europe, Asia Pacific, Latin America, MEA)and Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/healthcare-predictive-analytics-market

Further key findings from the study suggest: 

Financial applications of healthcare predictive analytics held a significant share of around 30.0% in 2015. Revenue cycle management and fraud detection are key financial applications.

Increasing focus on population health management makes it one of the most lucrative growing application segments of the health-care predictive analytics market

Payers form the key end-user segment of this market. Various insurance companies, health plan sponsors, and third party payers are other users of predictive.

The usage of predictive analytics amongst payers such as hospitals, clinics, and physicians is anticipated to increase over the forecast period

North America, being a pioneer in health-care IT technologies, dominated the global health-care predictive analytics market. Available advanced infrastructure with ample resources contributed to its dominance.

Asia Pacific is expected to witness remunerative growth over the forecast period. Economic reforms, bolstering IT industry, and low operating costs are the key factors alluring market players to invest in this region.

Some of the key players in this space include IBM, Cerner Corporation, Verisk Analytics, Inc., McKesson Corporation, SAS, Oracle, Allscripts, Optum, Inc.and MedeAnalytics, Inc. New product launches and collaborations are the key strategic under takings amongst the sector participants.

Browse related reports by Grand View Research: 

Pulmonary Drug Delivery Systems Market - http://www.grandviewresearch.com/industry-analysis/pulmonary-drug-delivery-systems-market

Spinal Non Fusion Technologies Market - http://www.grandviewresearch.com/industry-analysis/spinal-non-fusion-technologies-market

Immunoinformatics Market - http://www.grandviewresearch.com/industry-analysis/immunoinformatics-market

Structural Biology and Molecular Modeling Technique Market - http://www.grandviewresearch.com/industry-analysis/structural-biology-and-molecular-modeling-technique-market

Grand View Research has segmented the global healthcare predictive analytics market on the basis of application, end-use, and region: 

Global Application Outlook (Revenue, USD Million, 2014 - 2025) Operations Management

Demand Forecasting

Workforce Planning and Scheduling

Inpatient Scheduling

Outpatient Scheduling

Financial

Revenue Cycle Management

Fraud Detection

Other Financial Applications

Population Health

Population Risk Management

Patient Engagement

Population Therapy Management

Other Applications

Clinical

Quality Benchmarking

Patient Care Enhancement

Clinical Outcome Analysis and Management

Global End-use Outlook (Revenue, USD Million, 2014 - 2025) 

Healthcare Payers

Healthcare Providers

Other End-Users

Regional Outlook (Revenue, USD Million, 2014 - 2025) North America

U.S.

Canada

Europe

Germany

UK

Asia Pacific

Japan

China

Latin America

Brazil

Mexico

Middle East and Africa (MEA)

South Africa

 

Access research insight: http://www.grandviewresearch.com/research-insights/healthcare-predictive-analytics-market-insights

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Read Our Blogs - http://www.grandviewresearch.com/blogs/healthcare

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com

Web: http://www.grandviewresearch.com

For more information:
www.prnewswire.com/news-releases/healthcare-predictive-analytics-market-size-worth-195-billion-by-2025-grand-view-research-inc-603334316.html

Editor's Details

Mike Wood
PharmiWeb.com
www.pharmiweb.com
editor@pharmiweb.com

Last updated on: 29/11/2016

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