Healthcare Analytics Market and Healthcare Industry Reports
Overview
Healthcare is one of the India’s largest sectors in terms of revenue and employment. Healthcare domain is a widely used term that involves hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. The Indian healthcare sector is increasing at a fast pace because of strengthening of coverage, services, and growing expenditure by public and private players also.
Indian healthcare is categorized into two major components - public and private. The Government, i.e. public healthcare system involves limited secondary and tertiary care institutions in key cities and aims at proffering necessary healthcare facilities in the form of primary healthcare centers (PHCs) in rural areas. The private sector comprises of majority of secondary, tertiary and quaternary care institutions with a significant concentration in metros, tier I and tier-II cities.
India's competitive advantage comes in its large pool of well-trained medical professionals. India is also cost-competitive when compared to its peers in Asia and Western countries. The overall market for healthcare analytics is anticipated to touch USD 50 billion by 2024 from USD 14 billion in 2019, at a CAGR of 28% during the forecast period. The factors like government initiatives to surge adoption, increasing venture capital investments, rising pressure to curb healthcare spending and mend patient outcomes, the upcoming of data in healthcare, and the mounting position of real-world evidence are anticipated to drive the growth of the healthcare market.
The healthcare analytics market segmentation
The healthcare analytics market has segments that is divided into on-premise and on-demand models. In 2019, the on-premise model's section is anticipated to account for the largest share of the global healthcare analytics market. This can be credited to the easily customizable nature of on-premise solutions, as compared to on-demand models.
The healthcare analytics market key players
The healthcare analytics market is bifurcated into payers and providers. In 2019, the payer's section is projected to account for the largest share of the global healthcare analytics market. The factors like increasing healthcare costs; the dire need to rise memberships; control fraudulent claims, enhance provider networks, and operational costs; and growing competition are roping in healthcare payers to adopt analytics solutions.
The healthcare analytics market is very competitive, with many big as well as emerging players. The major players in the healthcare analytics market include IBM Corporation, Optum, Inc. Cerner Corporation, SAS Institute, Inc., Allscripts Health Solutions, McKesson Corporation, MedeAnalytics, Inc., Inovalon, Oracle Corporation, Health Catalyst, SCIO Health Analytics, Verscend Technologies Inc, CitiusTech, Inc., Wipro Limited, and Vitreos Health.
Healthcare industry reports
The healthcare industry of India is one of the fastest rising sectors, and it is projected to touch USD 280 billion by end of 2020. The India has also become one of the foremost stop for high-end diagnostic services with immense capital investment for further diagnostic facilities, thus catering to a higher proportion of the population. In addition, Indian medical service consumers have become more conscious of their healthcare upkeep. Many market research firms provide Healthcare industry reports, and one of them is DelveInsight provides healthcare industry growth, healthcare market size, and healthcare industry trends. The expert healthcare industry analysts deliver insightful healthcare market analysis, giving you a global healthcare industry overview, while also providing essential specifics and actionable insights about the healthcare industry outlook.
It also extends Healthcare industry report services and insights into many indications providing epidemiology, pipeline insights, drug insights, drug API insights, launch insights, market insights, and Global API Manufacturers, Marketed and Phase III Drugs Landscape reports.
Indian healthcare is categorized into two major components - public and private. The Government, i.e. public healthcare system involves limited secondary and tertiary care institutions in key cities and aims at proffering necessary healthcare facilities in the form of primary healthcare centers (PHCs) in rural areas. The private sector comprises of majority of secondary, tertiary and quaternary care institutions with a significant concentration in metros, tier I and tier-II cities.
India's competitive advantage comes in its large pool of well-trained medical professionals. India is also cost-competitive when compared to its peers in Asia and Western countries. The overall market for healthcare analytics is anticipated to touch USD 50 billion by 2024 from USD 14 billion in 2019, at a CAGR of 28% during the forecast period. The factors like government initiatives to surge adoption, increasing venture capital investments, rising pressure to curb healthcare spending and mend patient outcomes, the upcoming of data in healthcare, and the mounting position of real-world evidence are anticipated to drive the growth of the healthcare market.
The healthcare analytics market segmentation
The healthcare analytics market has segments that is divided into on-premise and on-demand models. In 2019, the on-premise model's section is anticipated to account for the largest share of the global healthcare analytics market. This can be credited to the easily customizable nature of on-premise solutions, as compared to on-demand models.
The healthcare analytics market key players
The healthcare analytics market is bifurcated into payers and providers. In 2019, the payer's section is projected to account for the largest share of the global healthcare analytics market. The factors like increasing healthcare costs; the dire need to rise memberships; control fraudulent claims, enhance provider networks, and operational costs; and growing competition are roping in healthcare payers to adopt analytics solutions.
The healthcare analytics market is very competitive, with many big as well as emerging players. The major players in the healthcare analytics market include IBM Corporation, Optum, Inc. Cerner Corporation, SAS Institute, Inc., Allscripts Health Solutions, McKesson Corporation, MedeAnalytics, Inc., Inovalon, Oracle Corporation, Health Catalyst, SCIO Health Analytics, Verscend Technologies Inc, CitiusTech, Inc., Wipro Limited, and Vitreos Health.
Healthcare industry reports
The healthcare industry of India is one of the fastest rising sectors, and it is projected to touch USD 280 billion by end of 2020. The India has also become one of the foremost stop for high-end diagnostic services with immense capital investment for further diagnostic facilities, thus catering to a higher proportion of the population. In addition, Indian medical service consumers have become more conscious of their healthcare upkeep. Many market research firms provide Healthcare industry reports, and one of them is DelveInsight provides healthcare industry growth, healthcare market size, and healthcare industry trends. The expert healthcare industry analysts deliver insightful healthcare market analysis, giving you a global healthcare industry overview, while also providing essential specifics and actionable insights about the healthcare industry outlook.
It also extends Healthcare industry report services and insights into many indications providing epidemiology, pipeline insights, drug insights, drug API insights, launch insights, market insights, and Global API Manufacturers, Marketed and Phase III Drugs Landscape reports.
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