Healthcare Cloud Based Analytics Market | Growth, Trends and Forecasts (2018-2023)
Healthcare Cloud Based Analytics Market - Segmented by Application, Component, Deployment, End-user, and by Geography - Growth, Trends, and Forecast (2018 - 2023)

PUBLISHED

APR 2018

Healthcare Cloud Based Analytics Market - Segmented by Application, Component, Deployment, End-user, and by Geography - Growth, Trends, and Forecast (2018 - 2023)

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The healthcare cloud based analytics market is expected to register a CAGR of over 20%, during the forecast period, 2018 to 2023. Analytics has had significant impact on healthcare business and cloud-based analytics have had their impacts on the industry.

Integration of Big Data  into Healthcare

Over the past decade, electronic health records have been widely adopted in hospitals and clinics worldwide. Important clinical knowledge and a deeper understanding of patient disease patterns can be studied from such data. It will help to improve patient care and improve efficiency. Big Data in healthcare is being used to predict epidemics, cure disease, improve quality of life and avoid preventable deaths. With the world’s population increasing and everyone living longer, models of treatment delivery are rapidly changing, and many of the decisions behind those changes are being driven by data. The drive now is to understand as much about a patient as possible, as early in their life as possible hopefully picking up warning signs of serious illness at an early enough stage that treatment is far simpler (and less expensive) than if it had not been spotted until later. These advancements along with other factors, such as need of high computing power, lower IT cost burden on healthcare provider will help boost the growth of healthcare cloud based analytics market.

High Costs of Initial Investment

In case of healthcare Cloud Based analytics, the capital required to setup up the equipment for analytics is very expensive as there is a lot of high end computing involved. Also, in case of AI technology the initial deep learning stage is time consuming and expensive as there is no return of investment involved. Also, the cost of labor is very high a sit requires very skilled labor, which is very expensive as the operations involved are complex and high-end IT professionals are often highly paid. Along with other factors, like data theft and lack of properly skilled IT professional in the healthcare industry will act as restraining factors for the market.          

North America to Dominate the Market

In 2017, North America is expected to account for the largest share of the market followed by Europe. This regional segment is expected to register the highest CAGR during the forecast period. Factors, such as growing federal healthcare mandates to curb rising healthcare costs and provide quality care; increasing regulatory requirements; and rising government initiatives focusing on personalized medicine, population health management, and value-based reimbursements are expected to drive market growth in North America.

                                               

Key Developments in the Market

  • March 2018 - Microsoft has beefed up its government cloud offerings, launching government-specific editions of Microsoft 365 and Azure Stack, as well as greater security and compliance in Dynamics 365

The major payers include – Allscripts Healthcare Solutions, Inc., Cerner Corporation, CitiusTech, HP, IBM, McKesson, Optum Health, Oracle and Verisk Analytics, among others.

Reasons to Purchase this Report

  • Current and future Healthcare Cloud Based Analytics Market outlook in the developed and emerging markets
  • Analytics of various perspectives of the market with the help of Porter’s five forces analytics
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)

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 [MU1]This point is not mentioned in TOC

1. Introduction

                1.1 Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

                5.1 Current Market Scenario

                5.2 Porter's Five Forces Analysis

                                5.2.1 Bargaining Power of Suppliers

                                5.2.2 Bargaining Power of Consumers

                                5.2.3 Threat of New Entrants

                                5.2.4 Threat of Substitute Product and Services

                                5.2.5 Competitive Rivalry within the Industry

6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

                6.1 Market Drivers                                        

                                6.1.1 Integration of Big Data into Healthcare

                                6.1.2 Need of High Computing Power

                                6.1.3 Access to Advance It Capabilities Like Machine Learning

                                6.1.4 Lower IT Cost Burden on Healthcare Provider

                6.2 Market Restraints                                  

                                6.2.1 Data Privacy And Security Concern

                                6.2.2 Healthcare Provider'S Reluctance To Share Data With Cloud Provider (Or Any Third Party)

                                6.2.3 High Costs of Initial Investment

                6.3 Opportunities

                6.4 Key Challenges

7. Market Segmentation

                7.1 By Technology/ Platform                                            

                                7.1.1 Predictive Analytics

                                7.1.2 Prescriptive Analytics

                                7.1.3 Descriptive Analytics

                7.2 By Application                                 

                                7.2.1 Clinical Data Analytics                         

                                7.2.2 Administrative Data Analytics                         

                                7.2.3 Research Data Analytics                    

                                7.2.4 Others

                7.3 By Component                                

                                7.3.1 Hardware                

                                7.3.2 Software                  

                                7.3.3 Services                    

                7.4 By End-user                                      

                                7.4.1 Hospitals/Clinics                       

                                7.4.2 Pharmaceuticals                   

                                7.4.3 Biotechnology                       

                                7.4.4 Others

                7.5 By Geography

                                7.5.1 North America

                                                7.5.1.1 United States

                                                7.5.1.2 Canada

                                                7.5.1.3 Mexico

                                7.5.2 Europe

                                                7.5.2.1 France

                                                7.5.2.2 Germany

                                                7.5.2.3 United Kingdom

                                                7.5.2.4 Italy

                                                7.5.2.5 Spain

                                                7.5.2.6 Rest of Europe

                                7.5.3 Asia-Pacific

                                                7.5.3.1 China

                                                7.5.3.2 Japan

                                                7.5.3.3 India

                                                7.5.3.4 Australia & New Zealand

                                                7.5.3.5 South Korea

                                                7.5.3.6 Rest of Asia-Pacific

                                7.5.4 Middle East & Africa

                                                7.5.4.1 GCC

                                                7.5.4.2 South Africa

                                                7.5.4.3 Rest of the Middle East & Africa

                                7.5.5 South America

                                                7.5.5.1 Brazil

                                                7.5.5.2 Argentina

                                                7.5.5.3 Rest of South America

8. Competitive Landscape

                8.1 Mergers & Acquisition Analysis

                8.2 Agreements, Collaborations, and Partnerships

                8.3 New Products Launches

9. Key Players

                9.1 Allscripts Healthcare Solutions, Inc.  

                9.2 Cerner corporation                                               

                9.3 CitiusTech                                 

                9.4 HP                                

                9.5 IBM                                             

                9.6 McKesson                                 

                9.7 Optum Health                                         

                9.8 Oracle                                         

                9.9 Verisk Analytics                                      

                *List Not Exhaustive

10. Future of the Market

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