Healthcare Predictive Analytics Market Size, Share, Key Players, Revenue, Demand, and Forecast 2024 to 2032 | Taiwan News

 

“Healthcare Predictive Analytics Market”, published by Report Ocean, presents a comprehensive analysis of the product’s/service industry, examining both historical patterns and future prospects from 2024 to 2032. This report serves as a valuable reference for businesses seeking to formulate effective strategies for the coming years, offering insights into the performance of organizations and the overall market in the previous year. ➤ Download Free Sample ➤

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Healthcare Predictive Analytics Market is valued at approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2029. Healthcare predictive analytics is a technique of analyzing historical healthcare data to spot patterns and trends that are likely to predictive of future events. The Healthcare Predictive Analytics Market is a rapidly evolving sector at the intersection of healthcare and technology, poised to revolutionize the way medical professionals deliver care and manage resources. Predictive analytics leverages vast amounts of data to forecast future outcomes, helping healthcare providers make informed decisions, optimize operations, and improve patient outcomes.

It is generally used to identify medication regimens, optimal treatment plans, and engagement material, along with assessing the disease progression and expected comorbidities. The emergence of personalized and evidence-based medicine, the growing need to curtail healthcare costs by reducing unnecessary costs, and rising government initiatives to increase EHR adoption are the key factors that are fostering the market demand across the globe The increasing healthcare expenditure is further attributed to the market growth during the estimated period. The Canadian Institute of Health Information reported in 2021 that Canadian health spending increased to USD 308.1 billion in 2021 compared to USD 301.5 billion in 2020.

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Similarly, according to the Centers for Medicare and Medicaid Services (CMS) estimates, the United States spent nearly USD 4.3 trillion on health care in 2022, up about USD 173 billion from the year 2021. Thus, the rising healthcare spending is leveraging the market expansion at a considerable rate. Moreover, rising investment in the development of advanced technology, as well as the growing emphasis on increasing efficiency across the healthcare sector is presenting various lucrative opportunities over the forecasting years. However, the dearth of skilled IT professionals in healthcare and the lack of robust infrastructure is hindering the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Healthcare Predictive Analytics Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing adoption of personalized medicine, along with the rising government initiatives in the region. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the development of the healthcare infrastructure, as well as the rising number of chronic disease cases in the regional market.

Major market players included in this report are:

IBM Corporation

Cerner Corp.

Verisk Analytics, Inc.

McKesson Corporation

SAS Institute Inc.

Oracle Corporation

Allscripts

Optum Health Inc.

MedeAnalytics, Inc.

MedAi Pvt. Ltd.

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Recent Developments in the Market:

In December 2020, Amazon Web Services (AWS) introduced Amazon HealthLake. This HIPAA-eligible service seeks to meet interoperability standards and advance the use of big data analytics in the healthcare industry.

In June 2018, MedeAnalytics and HealthEdge unveiled the comp[any’s partnership with an objective to allow payers for reducing costs, lessens gaps in care, improves broker & employer plan engagement, enhance the quality outcomes, and boost member satisfaction by leveraging each company’s complementary capabilities.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study. This comprehensive report delves into the multifaceted landscape of the Healthcare Predictive Analytics Market, offering deep insights into its current state and future prospects. Through meticulous analysis of market trends, technological advancements, and regulatory frameworks, this report provides stakeholders with a holistic understanding of the industry dynamics.

Key components of the report include an assessment of market drivers, such as the increasing adoption of electronic health records (EHRs) and the growing demand for personalized medicine. Additionally, it examines the challenges facing the industry, including data privacy concerns and interoperability issues, and proposes strategies to overcome these obstacles. Furthermore, the report highlights the emergence of cutting-edge technologies like machine learning, artificial intelligence, and big data analytics, which are driving innovation in healthcare predictive analytics. Case studies and success stories illustrate how these technologies are being deployed across various healthcare settings to enhance patient care, optimize resource allocation, and streamline administrative processes.

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Moreover, the report offers valuable insights into the competitive landscape, profiling key players, their market strategies, and recent developments. It also assesses market opportunities in different regions and segments, providing actionable intelligence for investors, healthcare organizations, and technology providers seeking to capitalize on this burgeoning market.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Application:

Operations Management

Financial

Population Health

Clinical

By End-use:

Payers

Providers

Other End-uses

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By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

RoLA

Rest of the World

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Highlights of the Market Report: 

• Comprehensive overview of the market along with analysis of the changing dynamics of the market 
• Growth Assessment of various market segments throughout the forecast period 
• Regional and global analysis of the market players, including their market share and global position 
• Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market 
• Impact of the technological developments and R&D advancements on the Humanoid Robot market 
• Information about profit-making strategies and developmental strategies of major companies and manufacturers 
• Insightful information for the new entrants willing to enter the market 
• Details and insights about business expansion strategies, product launches, and other collaborations 
• The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis 

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About Report Ocean:

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