Healthcare Analytics/Medical Analytics Market: Trends & Global Forecasts to 2017

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Market	Healthcare and Medical
Report Type	Market Research
Country	Global
Published	1 December 2012
Number of Pages	272
Report Delivery	Email
Delivery Lead Time	1-3 hours, 24 hour max
Publisher	Markets&Markets
File Format	PDF

Global healthcare analytics market to reach value of $10.8 billion by 2017

Healthcare organizations have large amounts of data but often do not have the tools to bring the data together for useful business information and planning. Healthcare analytics is the systematic use of data and related business insights developed through applied analytical disciplines such as, statistical, contextual, quantitative, predictive, cognitive, other including emerging model to drive fact-based decision making for planning, management, measurement and learning. Analytics may be descriptive, predictive or prescriptive.

Healthcare analytics involves application of statistical tools and techniques to healthcare-related data in order to study past situations such as operational performance or clinical outcomes to improve the quality and efficiency of clinical and business processes and performance.

The healthcare analytics market is showing a double-digit growth due to supportive elements such as digitization of world commerce, the emergence of big data and the advance of analytical technologies. Healthcare organizations can differentiate themselves through data analytics. Factors such as, federal healthcare mandates, wide scope of predictive analytics and improvements in the financial and operative function are driving the installation of healthcare data analysis in hospitals. While, the major concerns of this market are the security of data, privacy of individual patients and lack of manpower with cross-functional analytical skills. The healthcare analytics market is estimated to be $3.7 billion in 2012 and is growing at a rate of 23.7% from 2012 to 2017 to reach $10.8 billion.

Healthcare payers as well as the providers are leading the users of health care analytics for a range of functions from suggesting the most accurate diagnoses, cost reduction, fraud prevention, revenue generation, service improvement to real-time view of the business. The major driver for business analytics is the return on Investments (ROI), with a median of five years, from 10.0% to 1,000.0%.

The American Recovery and Reinvestment Act of 2009 (ARRA) offers incentives for hospitals and physicians who adopt technology and document related to patient safety, coordination, and quality of care. Data analytics tools are becoming an attractive purchase for decision makers, even in an economic climate forcing hospital budget cuts, layoffs and closures.

Healthcare Analytics provides several benefits across payers and providers, which are expected to increase, as the healthcare data analytics market is still in the nascent stages. In addition, as the analytics penetrates the Asian market there would be niche benefits, which would be discovered, based on the needs.

The healthcare analytics market is a well-established market in the U.S. It is showcasing double-digit growth compared to other healthcare IT market. The European market is the second largest market, growing at a lower rate due to the economic crisis. The Asian market is relatively new to the healthcare data analytics, however, the increasing initiatives and outsourcing will drive the market. Australia and New Zealand are developed market in terms of healthcare IT, and are setting an example for the use of healthcare data analytics.

The major players in the market are Verisk (U.S.), Medai (U.S.), MedeAnalytics (U.S.), Optum Health (U.S.), Truven Health (U.S.), McKesson (U.S.), Cerner (U.S.) and other larger players such as IBM (U.S.), Oracle (U.S.).

Report Scope

This research report covers the global healthcare analytics market by applications, delivery mode, components, and end users.

Healthcare analytics market, by application:

Clinical
Financial
Predictive Modeling
Operational and Administrative
Research

Healthcare analytics market, by delivery modes:

On-premise
Web-hosted
Cloud-based

Healthcare analytics market, by components:

Hardware
Software
Services

Healthcare analytics market, by end-users:

Healthcare
Payers
Providers
Others

Healthcare analytics market, by geography:

U.S.
Europe
Asia
Rest of the World (Australia, New Zealand, LATAM region, Middle East, Africa and Russia, Australia, and New Zealand)

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1 Introduction

1.1 Key Take-Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders

1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
1.5.5 Assumptions

2 Executive Summary

3 Market Overview

3.1 Introduction
3.2 Market Definition
3.3 Market Segmentation

3.4 Market Dynamics
3.4.1 Drivers
3.4.1.1 Better Clinical Outcomes
3.4.1.2 Results In Better Efficiency & Management
3.4.1.3 Federal Healthcare Mandates
3.4.1.4 Big Data In Healthcare
3.4.2 Restraints
3.4.2.1 Resistance To Systems-Approach By The Medical Community
3.4.2.2 Operational Gap Between Payer & Provider Front
3.4.2.3 Acute It Staff Shortage In Healthcare
3.4.2.4 Lack Of Comparable & Transparent Data In Healthcare
3.4.3 Opportunities
3.4.3.1 Double Digit Ehr Market Growth
3.4.3.2 Increasing Approach Towards Value-Based Medicine Due To Peer Pressure
3.4.3.3 Personalized Medicine Based On Analytics
3.4.3.4 Decision Support Will Be Easier To Access

3.5 Challenges
3.5.1 Financial Constraints
3.5.2 Ensuring Patient Confidentiality
3.5.3 Traditional Techniques
3.5.4 Diversity Of Systems

3.6 Benefits
3.6.1 Health Information Exchange (Hie)
3.6.2 Ease Of Handling Big Data
3.6.3 Emergency Care & Preventative Care
3.6.4 Saves Time & Cost
3.6.5 Data Clarity & Transparency
3.6.6 Fraud Detection

3.7 Market Share Analysis

4 Global Healthcare Analytics Market, By Application

4.1 Introduction

4.2 Clinical Analytics
4.2.1 Market Dynamics
4.2.1.1 Drivers
4.2.1.1.1 Ehr Effectiveness Boosted By Clinical Analytics
4.2.1.1.2 Increase In The Amount Of Clinical Data
4.2.1.1.3 Cost Effective Treatment Is Provided
4.2.1.2 Restraint
4.2.1.2.1 No Standardized Data Format
4.2.2 Quality Care
4.2.3 Medical Error Reduction
4.2.4 Physician Performance Evaluation
4.2.5 Customer Relationship Management

4.3 Financial Analytics
4.3.1 Claim Analytics
4.3.2 Revenue Management
4.3.3 Risk Management Analytics

4.4 Predictive Analytics

4.5 Operational & Administrative Analytics
4.5.1 Supply Chain
4.5.2 Human Resource
4.5.2.1 Employee Time Allocation
4.5.2.2 Employee Performance Evaluation
4.5.3 Strategic

4.6 Research

5 Global Healthcare Analytics Market, By Components

5.1 Introduction

5.2 Hardware
5.2.1 Access Devices
5.2.2 Peripherals
5.2.3 Servers
5.2.4 Storage Devices
5.2.5 Networking Devices

5.3 Software

5.4 Services
5.4.1 Consulting
5.4.2 Implementation Services & On-Going It Support
5.4.3 Training & Education
5.4.4 Post-Sale & Maintenance

6 Global Healthcare Analytics Market, By Delivery Modes

6.1 Introduction
6.2 On-Premises
6.3 Web-Hosted
6.4 Cloud-Based

7 Global Healthcare Analytics Market, By End-Users

7.1 Introduction

7.2 Healthcare
7.2.1 Payers
7.2.2 Providers

7.3 Others

8 Geographic Analysis

8.1 Introduction
8.2 U.S.
8.3 Europe
8.4 Asia
8.5 Rest Of The World (Row)

9 Competitive Landscape

9.1 Introduction
9.2 New Product Launch/ Product Development Most Preferred Strategic Approach
9.3 Maximum Developments In 2012
9.4 Medeanalytics: Most Active Company

10 Company Profile

10.1 Cerner Corporation
10.2 Fuzzy Logix, Llc
10.3 Humedica, Inc.
10.4 Ibm Corporation
10.5 Information Builders, Inc.
10.6 Inovalon, Inc.
10.7 Kyruus, Inc.
10.8 Mckesson Corporation
10.9 Medai
10.10 Medeanalytics, Inc.
10.11 Metric Insights, Inc.
10.12 Optumhealth
10.13 Oracle Corporation
10.14 Paradigm4
10.15 Precision Software, Ltd.
10.16 Predixion Software
10.17 Rapid Insight, Inc.
10.18 Sas Institute, Inc.
10.19 Truven Health Analytics, Inc.
10.20 Vantage Point Healthcare Information Systems, Inc.
10.21 Verisk Analytics, Inc.
10.22 Vitalspring Technologies, Inc.

List of Tables

Table 1 Global Healthcare Analytics Market Revenue, By Application, 2010 - 2017 ($Million)
Table 2 Global Healthcare Clinical Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 3 Healthcare Clinical Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 4 Healthcare Quality Care Clinical Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 5 Healthcare Medical Error Reduction Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 6 Healthcare Physician Performance Evaluation Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 7 Healthcare Customer Relationship Management Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 8 Global Healthcare Financial Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 9 Healthcare Financial Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 10 Healthcare Claims Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 11 Healthcare Revenue Management Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 12 Healthcare Risk Management Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 13 Healthcare Predictive Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 14 Global Healthcare Operational & Administrative Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 15 Healthcare Operational & Administrative Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 16 Healthcare Supply Chain Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 17 Global Healthcare Human Resource Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 18 Healthcare Human Resource Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 19 Healthcare Employee Time Allocation Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 20 Healthcare Employee Performance Evaluation Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 21 Healthcare Strategic Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 22 Healthcare Research Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 23 Global Healthcare Analytics Market Revenue, By Components, 2010 - 2017 ($Million)
Table 24 Healthcare Analytics Hardware Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 25 Healthcare Analytics Software Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 26 Healthcare Analytics Services Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 27 Global Healthcare Analytics Market Revenue, By Delivery Modes, 2010 - 2017 ($Million)
Table 28 Healthcare Analytics On-Premises Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 29 Healthcare Analytics Web-Hosted Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 30 Healthcare Analytics Cloud-Based Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 31 Global Healthcare Analytics Market Revenue, By End-Users, 2010 - 2017 ($Million)
Table 32 Global Healthcare End-Users, Market Revenue, By Types, 2010 - 2017 ($Million)
Table 33 Healthcare End-Users Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 34 Healthcare Payers Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 35 Comparison Between Data Generated From Claims & Emr
Table 36 Healthcare Provider Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 37 Other End-Users Healthcare Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 38 Healthcare Analytics Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 39 U.S.: Healthcare Analytics Market Revenue, By Application, 2010 - 2017 ($Million)
Table 40 U.S.: Healthcare Clinical Analytics Market Revenue, By Types, 2010 - 2017($Million)
Table 41 U.S.: Healthcare Financial Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 42 U.S.: Healthcare Operational & Administrative Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 43 U.S.: Healthcare Human Resource Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 44 U.S.: Healthcare Analytics Market Revenue, By Components, 2010 - 2017 ($Million)
Table 45 U.S.: Healthcare Analytics Market Revenue, By Delivery Modes, 2010 - 2017 ($Million)
Table 46 U.S.: Healthcare Analytics Market Revenue, By End-Users, 2010 - 2017 ($Million)
Table 47 U.S.: Healthcare End-Users Market Revenue, By Types, 2010 - 2017 ($Million)
Table 48 Europe: Healthcare Analytics Market Revenue, By Application, 2010 - 2017 ($Million)
Table 49 Europe: Healthcare Clinical Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 50 Europe: Healthcare Financial Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 51 Europe: Healthcare Operational & Administrative Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 52 Europe: Healthcare Human Resource Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 53 Europe: Healthcare Analytics Market Revenue, By Components, 2010 - 2017 ($Million)
Table 54 Europe: Healthcare Analytics Market Revenue, By Delivery Modes, 2010 - 2017 ($Million)
Table 55 Europe: Healthcare Analytics Market Revenue, By End-Users, 2010 - 2017 ($Million)
Table 56 Europe: Healthcare End-Users Market Revenue, By Types, 2010 - 2017 ($Million)
Table 57 Asia: Healthcare Analytics Market Revenue, By Application, 2010 - 2017 ($Million)
Table 58 Asia: Healthcare Clinical Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 59 Asia: Healthcare Financial Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 60 Asia: Healthcare Operational & Administrative Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 61 Asia: Healthcare Human Resource Analytics Market Revenue, By Types, 2010 -2017 ($Million)
Table 62 Asia: Healthcare Analytics Market Revenue, By Components, 2010 - 2017 ($Million)
Table 63 Asia: Healthcare Analytics Market Revenue, By Delivery Modes, 2010 - 2017 ($Million)
Table 64 Asia: Healthcare Analytics Market Revenue, By End-Users, 2010 - 2017 ($Million)
Table 65 Asia: Healthcare End-Users Market Revenue, By Types, 2010 - 2017 ($Million)
Table 66 Row: Healthcare Analytics Market Revenue, By Application, 2010 - 2017 ($Million)
Table 67 Row: Healthcare Clinical Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 68 Row: Healthcare Financial Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 69 Row: Healthcare Operational & Administrative Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 70 Row: Healthcare Human Resource Analytics Market Revenue, By Types, 2010 - 2017 ($Million)
Table 71 Row: Healthcare Analytics Market Revenue, By Components, 2010 - 2017 ($Million)
Table 72 Row: Healthcare Analytics Market Revenue, By Delivery Modes, 2010 - 2017 ($Million)
Table 73 Row: Healthcare Analytics Market Revenue, By End-Users, 2010 - 2017 ($Million)
Table 74 Row: Healthcare End-Users Market Revenue, By Types, 2010 - 2017 ($Million)
Table 75 Mergers & Acquisitions, 2010 - 2012
Table 76 Agreements, Partnerships, Collaborations, Contracts & Joint Ventures, 2010 - 2012
Table 77 New Product Launch, 2009 - 2012
Table 78 Expansion, 2009 - 2012
Table 79 Other Developments, 2010 - 2012
Table 80 Cerner Corporation: Total Revenue And R&D Expenditure, 2009 - 2011 ($Million)
Table 81 Cerner Corporation: Total Revenue, By Segments, 2009 - 2011 ($Million)
Table 82 Cerner Corporation: Total Revenue, By Geography, 2009 - 2011 ($Million)
Table 83 Ibm Corporation: Total Revenue And R&D Expenses, 2009 - 2011 ($Million)
Table 84 Ibm Corporation: Total Revenue, By Segments, 2009 - 2011 ($Million)
Table 85 Ibm Corporation: Total Revenue, By Geography, 2009 - 2011 ($Million)
Table 86 Mckesson Corporation Total Revenue And R&D Expenses, 2010 - 2012 ($Million)
Table 87 Mckesson Corporation: Total Revenue, By Segment, 2010 - 2012 ($Million)
Table 88 Mckesson Corporation: Total Revenue, By Geography, 2010 - 2012 ($Million)
Table 89 Reed Elsevier: Total Revenue, 2009 - 2011 ($Million)
Table 90 Reed Elsevier: Total Revenue, By Segments, 2009 - 2011 ($Million)
Table 91 Reed Elsevier: Total Revenue, By Geography, 2009 - 2011 ($Million)
Table 92 Oracle Corporation: Total Revenue And R&D Expenditure, 2010 - 2012 ($Million)
Table 93 Oracle Corporation Total Revenue, By Segments, 2010 - 2012 ($Million)
Table 94 Oracle Corporation: Total Revenue, By Geography, 2010 - 2012 ($Million)
Table 95 Verisk Analytics, Inc.: Total Revenue And R&D Expenses, 2009 - 2011 ($Million)
Table 96 Verisk Analytics, Inc.: Total Revenue, By Segments, 2009 - 2011 ($Million)
Table 97 Verisk Analytics, Inc. Total Revenue Of Decision Analytics Segment, 2009 - 2011 ($Million)
Table 98 Verisk Analytics, Inc.: Total Revenue Of Risk Assessment Segments, 2009 - 2011 ($Million)

List of Figures

Figure 1 Global Healthcare Analytics Market Revenue, By Application, 2010 - 2017 ($Million)
Figure 2 Healthcare Analytics Market Segmentation
Figure 3 Healthcare Analytics Market Dynamics
Figure 4 Benefits Of Healthcare Analytics
Figure 5 Global Healthcare Analytics Market Share, By Key Players, 2011
Figure 6 Healthcare Analytics Market Revenue, By Geography, 2012
Figure 7 Global Healthcare Analytics Market, By Growth Strategies, 2010 - 2012
Figure 8 Global Healthcare Analytics Market Growth Strategies, By Players, 2010 - 2012
Figure 9 Global Healthcare Analytics Market Developments, By Growth Strategies, 2010 - 2012
Figure 10 Global Healthcare Analytics Market Growth Strategy, By Company, 2010 - 2012

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Healthcare Analytics/Medical Analytics Market: Trends & Global Forecasts to 2017

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Global healthcare analytics market to reach value of $10.8 billion by 2017

Report Scope

Speak to an Advisor

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Table of Contents

1 Introduction

2 Executive Summary

3 Market Overview

4 Global Healthcare Analytics Market, By Application

5 Global Healthcare Analytics Market, By Components

6 Global Healthcare Analytics Market, By Delivery Modes

7 Global Healthcare Analytics Market, By End-Users

8 Geographic Analysis

9 Competitive Landscape

10 Company Profile

List of Tables

List of Figures

Visitor Comments

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