Analysis in the field of healthcare focuses on a variety of topics, including hospital management, patient records, diagnostics, daily costs, and others. The area of healthcare analytics includes both macro and micro levels of the healthcare industry. All the analyses are being brought together by healthcare analytics into one overarching analysis. Healthcare analytics unifies patient engagement, strategic planning, revenue cycle management, hospital management, core administration, electronic health records, patient monitoring systems, and precision medicine.
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Data Bridge Market Research analyses that the healthcare operational analytics services market which was USD 18.32 billion in 2021, would rocket up to USD 37.32 billion by 2029, and is expected to undergo a CAGR of 9.30% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Clinical data analytics, a subfield of analysis that provides insights on both macro and micro levels into hospital administration, patient records, diagnostics, and other areas, is another name for healthcare analytics. It aids in the provision of real-time data that can assist in determining the path of the patient’s future therapy.
The market for healthcare operational analytics services is being driven by a number of important factors, including increasing pressure to reduce healthcare spending and improve patient outcomes, a growing emphasis on real-world evidence, and the use of big data in the industry. Adoption is the key factor accelerating market growth. In the forecast period of 2022–2029, increasing patient registries, the use of analytics in precision and personalised medicine, and a growing focus on value-based medicine will all help to open up new prospects for the market for healthcare operational analytics services.
In the forecast period of 2022 to 2029, the application of analytics in precision and personalised medicine as well as cloud-based analytics offers lucrative potential to market participants. The future growth rate of the market for healthcare operational analytics services will also be further accelerated by the increased emphasis on value-based medicine and the rise of augmented analytics.
North America dominates the healthcare operational analytics services market because of the region’s geriatric population and rising prevalence of chronic diseases. Asia-Pacific (APAC) is expected to grow significantly between 2022 and 2029 as a result of the region’s adoption of advanced analytical solutions.
The major players covered in the Healthcare Operational Analytics Services Market report are IBM (U.S.), Wipro (India), Allscripts Healthcare, LLC (U.S.), Cerner Corporation (U.S.), Health Catalyst (U.S.), Inovalon (U.S.), McKesson Corporation (U.S.), MEDEANALYTICS, INC. (U.S.), Optum, Inc. (U.S.), Oracle (U.S.), SAS Institute Inc. (U.S.), ExlService Holdings, Inc. (U.S.), CitiusTech Inc. (U.S.), IQVIA (U.S.), GENERAL ELECTRIC (U.S.) among others.
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