Market Overview:
The global healthcare operational analytics market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for big data and analytics solutions in the healthcare sector, rising need for cost-effective and efficient healthcare delivery, and growing focus on population health management. The supply chain analytics segment is expected to account for the largest share of the global healthcare operational analytics market in 2018. This segment is driven by the need to improve efficiency and optimize supply chains across hospitals, clinics, pharmacies, and other distribution channels. The human resource analytics segment is projected to grow at a highest CAGR during the forecast period owing to rising demand for workforce planning and optimization solutions across hospitals and other care settings.
Product Definition:
Healthcare Operational Analytics is the process of collecting, organizing, and analyzing data in order to improve the quality and efficiency of healthcare operations. This data can include information about patient care, staffing levels, budgeting, and other key metrics. By using Healthcare Operational Analytics, healthcare organizations can identify areas where they can improve their operations and make more informed decisions about how to allocate resources.
Supply chain analytics:
Supply chain analytics is a tool that helps in analyzing the flow of an asset or inventory through the network of suppliers and customers. It also helps to identify potential areas for cost savings by identifying where resources are being wasted. The major application areas include manufacturing, retail, IT services, telecom service providers and healthcare among others.
Human resource analytics:
Human Resource (HR) analytics is a tool that helps in analyzing human resources related data to help an organization achieve its business objectives. It provides information about the current workforce, past employment history of the individual, and tools for managing labor costs. HR analytics also helps organizations in making decisions on new employee acquisitions and retaining their talent pool.
Application Insights:
Healthcare application segment accounted for the largest market share in 2017 and is projected to expand at a steady CAGR over the forecast period. The increasing need for operational efficiency, cost reduction, and enhanced patient care through effective management of resources is expected to drive growth. Furthermore, rising adoption of these solutions across hospitals & healthcare centers as well as private practices to improve overall performance and reduce costs is further anticipated to fuel demand over the next eight years.
The pharmaceuticals segment accounted for revenue share in 2018 owing to growing demand from pharmaceutical companies for analyzing data collected from their supply chain network such as sales data, purchase orders & invoices information etc., which can be used by them for various purposes such as product development or marketing strategy analysis etc. These solutions also help pharma companies in reducing supply chain costs while improving customer service quality resulting in increased revenues generation activities over thereon leading towards lucrative growth opportunities during this period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to factors such as increasing adoption of analytics solutions, high healthcare expenditure and technological advancements. Moreover, growing demand for data-driven decisions in healthcare has led to an increase in investments by companies operating within this industry. For instance, In January 2018, Optum Inc., a provider of integrated health and human services announced that it will be providing clinical support services for over 50 hospitals across 19 states through a contract with Medicare & Medicaid Services (MMS).
Asia Pacific is anticipated to grow at the highest CAGR during the forecast period due to factors such as improving healthcare infrastructure and rising awareness about advanced technologies within emerging economies like India and China. Furthermore, government initiatives encouraging research activities are also expected drive regional growth over the next eight years.
Growth Factors:
- Increasing demand for quality and efficient healthcare services is expected to drive the growth of the healthcare operational analytics market.
- The growing focus on population health management is also anticipated to fuel the demand for healthcare operational analytics solutions and services over the next few years.
- The increasing use of big data and advanced analytical tools in Healthcare sector is projected to boost the growth of this market in near future.
- Rising need for cost-effective and patient-centric care delivery models is likely to propel the adoption of healthcare operational analytics solutions across various regions worldwide.
- Growing number of private players in Healthcare sector is expected to create new opportunities for vendors operating in this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Operational Analytics Market Research Report
By Type
Supply chain analytics, Human resource analytics, Strategic analytics
By Application
Healthcare, Pharmaceuticals, Biotechnology, Research, Other
By Companies
IBM, Cerner, Oracle, McKesson, MedeAnalytics, Optum, Allscripts, Truven Health Analytics, Verisk Analytics, Vizient
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Operational Analytics Market Report Segments:
The global Healthcare Operational Analytics market is segmented on the basis of:
Types
Supply chain analytics, Human resource analytics, Strategic analytics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Healthcare, Pharmaceuticals, Biotechnology, Research, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Cerner
- Oracle
- McKesson
- MedeAnalytics
- Optum
- Allscripts
- Truven Health Analytics
- Verisk Analytics
- Vizient
Highlights of The Healthcare Operational Analytics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Supply chain analytics
- Human resource analytics
- Strategic analytics
- By Application:
- Healthcare
- Pharmaceuticals
- Biotechnology
- Research
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Healthcare Operational Analytics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Healthcare operational analytics is the use of data and analytics to improve the efficiency, effectiveness, and quality of healthcare delivery. Healthcare operational analytics can help identify opportunities for improvement in patient care, system performance, and financial operations.
Some of the major players in the healthcare operational analytics market are IBM, Cerner, Oracle, McKesson, MedeAnalytics, Optum, Allscripts, Truven Health Analytics, Verisk Analytics, Vizient.
The healthcare operational analytics market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare Operational Analytics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Healthcare Operational Analytics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Healthcare Operational Analytics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Healthcare Operational Analytics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Healthcare Operational Analytics Market Size & Forecast, 2020-2028
4.5.1 Healthcare Operational Analytics Market Size and Y-o-Y Growth
4.5.2 Healthcare Operational Analytics Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Supply chain analytics
5.2.2 Human resource analytics
5.2.3 Strategic analytics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Healthcare
6.2.2 Pharmaceuticals
6.2.3 Biotechnology
6.2.4 Research
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare Operational Analytics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Healthcare Operational Analytics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Supply chain analytics
9.6.2 Human resource analytics
9.6.3 Strategic analytics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Healthcare
9.10.2 Pharmaceuticals
9.10.3 Biotechnology
9.10.4 Research
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Supply chain analytics
10.6.2 Human resource analytics
10.6.3 Strategic analytics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Healthcare
10.10.2 Pharmaceuticals
10.10.3 Biotechnology
10.10.4 Research
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Supply chain analytics
11.6.2 Human resource analytics
11.6.3 Strategic analytics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Healthcare
11.10.2 Pharmaceuticals
11.10.3 Biotechnology
11.10.4 Research
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Supply chain analytics
12.6.2 Human resource analytics
12.6.3 Strategic analytics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Healthcare
12.10.2 Pharmaceuticals
12.10.3 Biotechnology
12.10.4 Research
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Supply chain analytics
13.6.2 Human resource analytics
13.6.3 Strategic analytics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Healthcare
13.10.2 Pharmaceuticals
13.10.3 Biotechnology
13.10.4 Research
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Healthcare Operational Analytics Market: Competitive Dashboard
14.2 Global Healthcare Operational Analytics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Cerner
14.3.3 Oracle
14.3.4 McKesson
14.3.5 MedeAnalytics
14.3.6 Optum
14.3.7 Allscripts
14.3.8 Truven Health Analytics
14.3.9 Verisk Analytics
14.3.10 Vizient
