Rising Demand for Value-Based Care Propels Growth in Healthcare Operational Analytics Market
Saturday, November 11, 2023
DUBLIN, Nov. 3, 2023 /PRNewswire/ -- The "Healthcare Operational Analytics Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)" report has been added to ResearchAndMarkets.com's offering.
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The global healthcare operational analytics market, estimated at USD 10.7 billion in 2022, is on track to achieve remarkable growth, projected to reach USD 22.4 billion by 2028. This substantial expansion is anticipated to occur at a CAGR of 13.38% from 2023 to 2028.
Companies Mentioned
-- MERATIVE (IBM Watson)
-- Veradigm LLC (Allscripts Healthcare Solutions, Inc.)
-- Oracle Corporation (Cerner Corporation)
-- McKesson Corporation
-- Vizient Inc.
-- MedeAnalytics, Inc.
-- Optum Inc.
-- Wipro limited
-- Cotiviti Inc.
-- Health Catalyst Inc.
-- CVS Health Corporation
-- Inovalon Inc.
Key Highlights
1. Pandemic-Driven Data Transformation: The COVID-19 pandemic has left an
indelible mark on healthcare operational analytics. The crisis heightened
the demand for real-time data to track the virus's spread, predict
resource requirements, and allocate resources efficiently. Artificial
intelligence (AI) and big data played pivotal roles in tracking and
mitigating the pandemic's impact, driving the adoption of data-driven
decision-making in healthcare operations.
2. Rise of Value-Based Care (VBC): The growing demand for value-based care
(VBC) is a principal driver of market growth. VBC aims to enhance the
quality and efficiency of healthcare delivery while controlling costs.
Factors such as a focus on patient outcomes, cost containment, chronic
disease management, technological advancements, and government
initiatives, including India's PM-JAY Quality Certification Program, are
catalyzing the adoption of VBC.
3. Government Support: Government bodies globally are actively supporting
digital health initiatives. For instance, India's National Health
Authority launched the Digital Health Incentive Scheme (DHIS) to promote
digital health transactions under the Ayushman Bharat Digital Mission
(ABDM). Such initiatives are expected to spur the adoption of healthcare
analytics solutions, streamlining healthcare systems.
4. Technological Advancements: Continuous research and development efforts
by market players are enhancing the capabilities of healthcare
operational analytics solutions. AI and machine learning (ML) are being
integrated into these software solutions, driving their adoption and
effectiveness.
Healthcare Operational Analytics Market Trends
-- Software Component's Ascendancy: The software component of healthcare
operational analytics is expected to witness significant growth. These
software solutions process and analyze vast healthcare datasets,
providing actionable insights for improved facility operations.
Integration of AI and ML technologies is enhancing their functionality.
-- North America's Prominence: North America is poised to experience
substantial growth. Factors such as increased adoption of healthcare
operational analytics, advanced healthcare infrastructure, technological
advancements, strategic developments by market players, and a rising
number of healthcare organizations, particularly hospitals, contribute
to this growth
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Demand for Value-Based Care (VBC)
4.2.2 Rising Need to Analyze the Collected Healthcare Data
4.2.3 Rising Awareness regarding Healthcare Standards and Improving Technologies
4.3 Market Restraints
4.3.1 Concerns regarding Data Privacy and Security
4.3.2 Lack of Trained IT Professionals in Healthcare
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Type
5.1.1 Supply Chain Analytics
5.1.2 Human Resource Analytics
5.1.3 Strategic Analytics
5.2 By Component
5.2.1 Software
5.2.2 Hardware
5.2.3 Services
5.3 By Deployment
5.3.1 On-Premise
5.4 By En User
5.4.1 Hospitals and Clinics
5.4.2 Pharmaceutical and Biotechnology Companies
5.4.3 Other End Users
5.5 By Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/b6ghej
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