Asia Pacific Healthcare Analytics Market to show a lucrative CAGR of 19.85% during the forecast period 2018 -2023


Posted October 15, 2018 by kumarvasa

With the exponential rise in the IT healthcare sector over the past several years, there has been a dramatic growth in healthcare analytics which can predict the future trends, measure performance and evaluate decisions using the chronological data.

 
Overview:

Health Analytics encompasses several technologies, methods, and skills used to synthesize and analyze health care data from a wide range of health industries, in order to disentangle trends and gain ideas for improving health care outcomes. The analysis of medical care has increasingly played a vital role in health systems around the world to improve patient outcomes and improve the quality of care at an affordable cost. On the other hand, health care analysis provides health institutions with crucial knowledge about income and risk models.

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Asia Pacific Healthcare Analytics Market size was around USD 1.79 billion in 2018. It is expected to grow at a CAGR of 19.85% to reach USD 4.42 billion by 2023.

Drivers and Restraints:

Incorporation of big analytics in the medical field, technological advancements, continuous government initiatives, high developed infrastructure, concerns about confidentiality of information, better quality outcomes. Restraints of the market are cultural barriers, dearth of skilled workforce and security issues.

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Geographic Segmentation

The Asia Pacific Healthcare Analytics market has geographically segmented into China, India, Japan, South Korea, and Australia. Asia market is the fastest growing market.

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Major companies in the market are SAS Institute, Inc., Optum, Inc., IBM Corporation, Truven Health Analytics Inc., Cerner Corporation, Verisk Analytics, Inc., McKesson Corporation, Allscripts Health Solutions, Oracle Corporation, MedeAnalytics, Inovalon, Inc. and Health Catalyst.

Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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Business Address Address: 2nd Floor, Above ICICI Bank Filmnagar Branch, B 44, Rd Number 3, Journalist Colony, Hyderabad, Telangana 500033.
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Categories Health
Tags asiapacific healthcare analytics market , market analysis , market forecast , market share
Last Updated October 15, 2018