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European Healthcare Analytics Market - By Type (Technology or Platform, Application, Financial Data Analytics, Administrative Data Analytics, Research Data Analytics), Component ( Hardware, Software,Services), Mode of Delivery (On-Premise Model, Cl

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Healthcare analytics is one of the major services platform used in healthcare segment for marketing of business software and consulting services. It widely uses data, statistical and qualitative analysis, explanatory and predictive modeling. The analytics help the healthcare organizations in reducing the hospital stays of patients, meeting regulatory compliance, improved quality healthcare, preclusion of chronic diseases, and fraud detection.

The Europe Healthcare Analytics Market is estimated to be valued at USD XX million in 2016 and is projected to reach USD XX million by 2021, at a CAGR of XX% during the forecast period from 2016 to 2021. The healthcare analytics technology, which extensively uses data for quantitative and qualitative analysis, is undergoing an industry transformation from volume-based medicines and reimbursement to value-based medicines and reimbursement. Rising incidence of aging population and pervasiveness of chronic disease, emergence of big data, digitalization of world commerce, quick return of investment and federal healthcare mandates are some of the factors driving European market. Lack of patient data privacy, functional gap between payers and providers, reimbursement issues, increase in governmental regulation and increasing cost of implementing techniques are some of the factors hindering the market growth. Technological innovations, stringent regulation implementation, data security risk and increased expenses for software up gradation decreased market growth to some extent.

European market is a slow growing market compared to North America due to economic crisis. Governments are also incentivizing the companies that are adopting the healthcare data analytics solutions for quick decision making.

Some of the key benefits of healthcare analytics are the rapid exchange of information, clarity and transparency of information, time and cost efficiency, timely emergency/preventive care, and ease of handling a big volume of data.

The Europe Healthcare Analytics market is segmented on the basis of Technology/Platform (Predictive Analytics, Prescriptive Analytics, and Descriptive Analytics), Application (Clinical Data Analytics, Financial Data Analytics, Administrative Data Analytics, and Research Data Analytics), Component (Software, Hardware, and Services), Deployment (On-premise Model and Cloud-based Model), End-User (Healthcare, Pharmaceuticals, Biotechnology, Academia, Research, and Others), and Geography (UK, Germany, France, Spain & Portugal, Italy, Scandinavia and Benelux).

The major market players in this market are SAS, IBM Corporation, Tableau, Oracle, Optum, Inc. and Truven Health Analytics, Cerner Corporation, Metric Insights, Rapid Insights, Fuzzy Logix, and Information Builders, among others. The primary stakeholders of this technology are healthcare IT firms, healthcare analytics vendors, care organizations, health insurance providers, healthcare payers, healthcare providers, research firms, consultants, ambulatory services, and venture capitalists.

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