Global Healthcare Predictive Analytics Market Size, Share, Forecast Report, 2020-2027

The global Healthcare Predictive Analytics market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 29.4% throughout the estimate period from 2020 to 2027.

Healthcare predictive analytics is the field of advanced analytics that use predictions about future events. Historical data can be used to predict probable outcomes and accurately inform businesses about future trends.

The increasing prices of medication facilities and increasing popularity of personalized medicines is expected to drive the growth of the market. Factors such as lack of skilled professionals and data privacy and theft issues are limiting the growth of the market.

Moreover, major companies in the market are involved in new product launches to strengthen their position in the market. For instance, in March 2018, Verscend Technology (US) acquired General Dynamics (US) to add the latter's solutions for tracking healthcare fraud, waste, and abuse (FWA) to its portfolio. This acquisition also enabled Verscend to strengthen its payer quality analytics and reporting solutions.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Healthcare Predictive Analytics market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Healthcare Predictive Analytics market growth.

The global Healthcare Predictive Analytics market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

• IBM

• Cerner Corporation

• Verisk Analytics, Inc.

• McKesson Corporation

• SAS

• Oracle

• Allscripts

• Optum, Inc.

• MedeAnalytics, Inc.

• Inovalon

• Health Catalyst

• SCIO Health Analytics

• Verscend Technologies, Inc

• CitiusTech, Inc.

• Wipro Limited

• VitreosHealth

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

Global Healthcare Predictive Analytics Market, by Component

• Services

• Software

• Hardware

Global Healthcare Predictive Analytics Market, by Application

• Operations Management

o Demand Forecasting

o Workforce Planning and Scheduling

o Inpatient Scheduling

o Outpatient Scheduling

• Financial

o Revenue Cycle Management

o Fraud Detection

o Other Financial Applications

• Population Health

o Population Risk Management

o Patient Engagement

o Population Therapy Management

o Other Applications

• Clinical

o Quality Benchmarking

o Patient Care Enhancement

o Clinical Outcome Analysis and Management

Global Healthcare Predictive Analytics Market, by End User

• Payers

• Providers

• Others

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America

 U.S.

 Canada

• Europe

 Germany

 U.K.

 Italy

 France

 Rest of EU

• Asia Pacific

 China

 India

 Japan

 Southeast Asia

 Rest of APAC

• Central & South America

 Brazil

 Argentina

 Rest of Central & South America

• Middle East and Africa

 UAE

 Saudi Arabia

 Rest of MEA