The global healthcare analytics market is growing significantly due to development of cloud based healthcare analytics in the industry. Healthcare analytic is used to improve the performance of healthcare organization by enhancing quality care, meeting regulatory compliance and for prevention of chronic diseases. Increasing focus on value based medicine is expected to support the growth of healthcare analytic market in the coming years.
In addition, massive unexplored market in analytics industry of developing economies are creating ample opportunities for the healthcare analytics market to grow at a considerable rate in the coming years. The advanced research and development facilities and new product developments by the companies are supporting to address the demand for healthcare in the healthcare analytics industry.
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Geographically, North America will be leading the global healthcare analytics market in the coming years due to increasing demand for better clinical outcomes. Asia-Pacific is the fastest growing region in the global healthcare analytics market. The major reasons for the fastest growth in the region are increasing healthcare expenditure and large pool of patients in the region. Moreover, the healthcare analytics market is growing due to increasing awareness of healthcare in the emerging countries, such as India and China, of Asia-Pacific region.
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Some of the companies operating in the healthcare analytics market are Allscripts, IBM Corporation, Oracle Corporation, Verisk Analytics, Inc., Cerner Corporation, Optum, Inc., Mckesson Corporation, Health Catalyst, Inovalon, Inc., and MedeAnalytics, Inc.
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