According to a market report published by Lucintel, the future of the healthcare analytic/medical analytic market looks promising with opportunities in the payers, private insurance companies, government agencies, employers and private exchanges, hospitals, physician practices, IDNs and healthcare providers, post-acute organizations, ambulatory settings, ACOs, HIEs, MCOs and TPAs. The healthcare analytic/medical analytic market is expected to grow with a CAGR of 27% from 2019 to 2024. The major drivers for this market are implementation of government initiatives to increase EHR adoption, growing venture capital investments, growing pressure to curb healthcare spending and improve patient outcomes, big data in healthcare, and launch of new/upgraded healthcare analytic solutions and services.
In this market, descriptive, predictive, and prescriptive analytic are the major product type. On the basis of comprehensive research, Lucintel forecasts that the descriptive analytics will remain the largest segment. Prescriptive analytic is expected to witness highest growth over the forecast period.
Within this market, clinical analytic, financial analytic, operational and administrative analytic, and population health analytic are the major applications. Financial analytic will remain the largest application and it is also expected to witness highest growth in the forecast period due to rising focus of payers on the early detection of fraud and reducing preventable costs.
North America will remain the largest market over the forecast period due to increasing regulatory requirements and growing EHR adoption in the region.
Allscripts Healthcare Solutions, Cerner, Health Catalyst, IBM, Inovalon, Mckesson, Medeanalytic, Optum, Oracle, and SAS Institute are among the major manufacturers of healthcare analytic/medical analytic market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the healthcare analytic/medical analytic market by product type, application, components, delivery mode, end user, and region. Lucintel has prepared a comprehensive research report entitled "Healthcare Analytic/Medical Analytic Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the healthcare analytic/medical analytic market by product type, application, components, delivery mode, end user, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
• Descriptive Analytic
• Predictive Analytic
• Prescriptive Analytic
By Application [$M shipment analysis for 2013 – 2024]:
• Clinical Analytic
• Financial Analytic
• Operational and Administrative Analytic
• Population Health Analytic
By Component [$M shipment analysis for 2013 – 2024]:
• Software
• Services
• Hardware
By Delivery Mode [$M shipment analysis for 2013 – 2024]:
• On-premise
• On-demand
By End-user [$M shipment analysis for 2013 – 2024]:
• Payers
• Private Insurance Companies
• Government Agencies
• Employers and Private Exchanges
• Hospitals, Physician Practices, IDNs and Healthcare Providers
• Post-acute Organizations
• Ambulatory Settings
• ACOs, HIEs, MCOs and TPAs
By Region [$M shipment analysis for 2013 – 2024]:
• North America
o United States
o Canada
o Mexico
• Europe
o United kingdom
o Germany
o France
o Italy
o Spain
• Asia-Pacific
o China
o India
o Japan
• Rest of the World (ROW)
o Brazil

This research report of more than 150 pages will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:
Q.1. What are some of the most promising potential, high-growth opportunities for the healthcare analytic/medical analytic market by type (descriptive analytic, predictive analytic, and prescriptive analytic), application (clinical analytic, financial analytic, operational and administrative analytic, and population health analytic), component (software, services, and hardware), delivery mode (on-premise and on-demand), end-user (payer, private insurance companies, government agencies, employers and private exchanges, hospitals, physician practices, IDNs and healthcare providers, post-acute organizations, ambulatory settings, ACOs, HIEs, MCOs and TPAs), and region (North America, Europe, Asia-Pacific, and Rest of the World))?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which regions will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the healthcare analytic/medical analytic market?
Q.5. What are the business risks and threats to the healthcare analytic/medical analytic market?
Q.6. What are emerging trends in this healthcare analytic/medical analytic market and the reasons behind them?
Q.7. What are some changing demands of customers in the healthcare analytic/medical analytic market?
Q.8. What are the new developments in the healthcare analytic/medical analytic market? Which companies are leading these developments?
Q.9. Who are the major players in this healthcare analytic/medical analytic market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products and processes in this healthcare analytic/medical analytic area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11. What M & A activities have taken place in the last 5 years in this healthcare analytic/medical analytic market?