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Increasing adoption of electronic health records to better manage the patient. For instance, more than 75% of health providers in North America use electronic records. Increasing healthcare spending and other healthcare amenities are some other macroeconomic factors driving global healthcare predictive analytics market size.
By application, healthcare predictive analytics can be segmented into operations management, financial, population health and clinical data. Predictive analytics software play a key role in the management of operations, and inpatient and outpatient scheduling. Financial healthcare predictive analytics market is expected to dominate the market. Population health management is also likely to grow at a considerable rate over the period.
Based on end-use, healthcare predictive analytics. Payers segment is likely to dominate the market of insurance companies and health plan sponsors a lucrative growth from 2016 and 2024. Providers comprises of hospitals and clinics.
US wants drive regional healthcare predictive analytics market share in 2015. Electronic health record and integration of GPS enabled system with healthcare service should bolster regional market growth. (Noun, feminine) health care (noun) (medicine). IBM, SAS and Oracle in this region will stimulate industry growth.
Europe healthcare predictive analytics market is the second largest revenue share in 2015. Growing health care has projected the demand for healthcare predictive analytics services. Favorable growth opportunities for industry players will stimulate healthcare predictive analytics market share.
Asia Pacific is likely to grow at a faster rate. China and India are two growth regions for healthcare predictive analytics market growth. These countries will not be able to do this. The early industry entrants are likely to create huge ROI in the near future.
Latin America is expected to be a major growth opportunity in the life science sector. Though, region is a subconscious subset of growth in health care spending. Brazil healthcare predictive analytics market will dominate the region.
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MEA healthcare predictive analytics market share may exhibit a moderate growth over the period period. Saudi Arabia and South Africa are key markets in MEA accounting for lucrative market growth opportunities. In Saudi Arabia, government organization accounts for over 65% of overall healthcare spending. Increasing private player’s presence.
Key industry players include Verisk Analytics, Cerner Corporation, SAS, Oracle, Allscripts, McKesson Corporation, MedeAnalytics, and Optum. Partnership with regional companies and new product launches.
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