Global Healthcare Analytics Market- IBM Corporation, Oracle Corporation, McKesson Corporation

Global Healthcare Analytics Market was valued at USD 7.3 billion in 2015 and is expected to grow at a CAGR of 24.7% during the forecast period of 2016 to 2022.

Pune, India - July 6, 2017 /MarketersMedia/ —

Introduction:
Analytics is the systematic use of data and related business insights developed through various analytical models such as statistical, cognitive, contextual, predictive, quantitative and other emerging models to initiate fact based decision making for planning, measurement, management, and learning. These analytics may be predictive, descriptive, and prescriptive.

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The global market for healthcare analytics was valued at USD 7.3 billion in 2015 and is expected to grow at a CAGR of 24.7% during the forecast period of 2016 to 2022.Currently, the global healthcare industry is experiencing fundamental transformation to a value based business from a volume based business. With the increasing demand from consumers for improved healthcare quality and enhanced value, the healthcare providers and payers around the world are challenged by reduction of costs, improve better outcomes, provide more with less and be more patient centric. Similarly, the cost dynamics of the healthcare industry are changing drastically, which is mainly driven by the prevalence of chronic and infectious diseases, and defensive medicine practices.

Geographically, North America dominates the healthcare analytics market, which is evident from the presence of key market players in the United States. Moreover, the large market share is attributable to the impact of legislations in the U.S such as Electronic Health Records (EHR), and incentives funded by the Health Information Technology for Economic and Clinical Health (HITECH).

The companies covered in the Global Healthcare Analytics Market report:
1) IBM Corporation,
2) Oracle Corporation
3) McKesson Corporation
4) Truven Health Analytics
5) Cerner Corporation.

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