Market Overview:
The global healthcare prescriptive analytics market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for big data and analytics solutions in the healthcare sector, rising focus on population health management, and growing need for reducing healthcare costs. The global healthcare prescriptive analytics market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into software, hardware, and other services. The software segment is expected to account for a major share of the global healthcare prescriptive analytics market in 2018 owing to its ability to provide actionable insights that help organizations improve their operational efficiency and patient care outcomes.
Product Definition:
Healthcare Prescriptive Analytics is the application of data mining and predictive modeling techniques to healthcare data in order to develop actionable insights that can improve patient care. The importance of Healthcare Prescriptive Analytics is that it can help healthcare providers identify high-risk patients, recommend interventions, and track the impact of those interventions on patient outcomes.
Software:
Software is a set of procedures, algorithms, and rules which aid in the collection, analysis and interpretation of data. It's primary function is to process information from medical devices such as EMR/EHRs (Electronic Medical Records), lab tests & imaging reports to generate insights for clinical decision support.
Hardware:
Hardware is the part of analytics system that includes computers, laptops, tablets, smartphones and other communication devices. Hardware components are used in healthcare prescriptive analytics for collecting data from different sources such as imaging systems (x-ray & MRI), electronic medical records (EMR) and patient monitors to build predictive models. The main function of hardware is to process the collected data into meaningful insights that can be used by clinicians for decision support.
Application Insights:
The clinical data analytics segment dominated the global healthcare prescriptive analytics market in 2017. This is attributed to increasing demand for effective and efficient management of healthcare resources. Clinical data includes medical records, insurance claims, pharmacy sales information, lab results and other such files stored in electronic health records (EHRs). It can be used to identify patterns that are not obvious from looking at the raw data. For instance, a rise in temperature above 102F may indicate a potential illness or infection; however, this may not be obvious from looking at the raw data recorded by EHRs as it is represented only by numerical values. In such cases where there is no clearcut pattern shown through analysis of clinical information alone clinicians often turn to financial and administrative datasets for better insights into patient¢â‚¬â„¢s condition or history which further boosts prescriptive analytics usage across all applications segments globally.
Regional Analysis:
North America dominated the global healthcare prescriptive analytics market in 2017. This can be attributed to the presence of a large number of players, high adoption rate for IT services and products, and increasing demand for IT services in this region. The U.S., which is at the forefront of growth in North America, has witnessed an increase in healthcare spending with respect to rising prevalence of chronic diseases such as diabetes and cancer among others that are expected to boost demand for drug prescriptions over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as growing penetration of internet users; rise in awareness about new technologies; continuous upgradation undertaken by service providers; introduction or enhancement done by them regarding their product portfolio; mergers & acquisitions etc.). In addition, factors such as economic development along with government initiatives towards implementation & usage of analytics solutions are also contributing towards regional growth (Kumar et al., 2016).
Growth Factors:
- Increasing demand for personalized medicine and preventive care
- Rising prevalence of chronic diseases and geriatric population
- Growing need for healthcare cost containment measures
- Proliferation of big data and advances in analytics technologies
- Emergence of value-based reimbursement models
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Prescriptive Analytics Market Research Report
By Type
Software, Hardware, Other Services
By Application
Clinical Data Analytics, Financial Data Analytics, Administrative Data Analytics, Research Data Analytics, Others
By Companies
Allscripts, Cerner, IBM, McKesson, Medeanalytics, Optum, Oracle, Microsoft, SAS, Alteryx, FICO, Tibco Software
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Prescriptive Analytics Market Report Segments:
The global Healthcare Prescriptive Analytics market is segmented on the basis of:
Types
Software, Hardware, Other Services
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
Clinical Data Analytics, Financial Data Analytics, Administrative Data Analytics, Research Data Analytics, Others
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:
- Allscripts
- Cerner
- IBM
- McKesson
- Medeanalytics
- Optum
- Oracle
- Microsoft
- SAS
- Alteryx
- FICO
- Tibco Software
Highlights of The Healthcare Prescriptive 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:
- Software
- Hardware
- Other Services
- By Application:
- Clinical Data Analytics
- Financial Data Analytics
- Administrative Data Analytics
- Research Data Analytics
- Others
- 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 Prescriptive 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.
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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 prescriptive analytics is a type of data analysis that helps healthcare providers make better decisions about the best treatments for their patients. It uses predictive modeling and other techniques to identify patterns in patient data and then recommend specific courses of action based on those patterns.
Some of the major players in the healthcare prescriptive analytics market are Allscripts, Cerner, IBM, McKesson, Medeanalytics, Optum, Oracle, Microsoft, SAS, Alteryx, FICO, Tibco Software.
The healthcare prescriptive analytics market is expected to grow at a compound annual growth rate of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Healthcare Prescriptive Analytics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Healthcare Prescriptive Analytics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Healthcare Prescriptive Analytics Market - Supply Chain
4.5. Global Healthcare Prescriptive Analytics Market Forecast
4.5.1. Healthcare Prescriptive Analytics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Healthcare Prescriptive Analytics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Healthcare Prescriptive Analytics Market Absolute $ Opportunity
5. Global Healthcare Prescriptive Analytics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Healthcare Prescriptive Analytics Market Size and Volume Forecast by Type
5.3.1. Software
5.3.2. Hardware
5.3.3. Other Services
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Healthcare Prescriptive Analytics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Healthcare Prescriptive Analytics Market Size and Volume Forecast by Application
6.3.1. Clinical Data Analytics
6.3.2. Financial Data Analytics
6.3.3. Administrative Data Analytics
6.3.4. Research Data Analytics
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Healthcare Prescriptive Analytics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Healthcare Prescriptive Analytics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Healthcare Prescriptive Analytics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Healthcare Prescriptive Analytics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Healthcare Prescriptive Analytics Demand Share Forecast, 2019-2026
9. North America Healthcare Prescriptive Analytics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Healthcare Prescriptive Analytics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Healthcare Prescriptive Analytics Market Size and Volume Forecast by Application
9.4.1. Clinical Data Analytics
9.4.2. Financial Data Analytics
9.4.3. Administrative Data Analytics
9.4.4. Research Data Analytics
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Healthcare Prescriptive Analytics Market Size and Volume Forecast by Type
9.7.1. Software
9.7.2. Hardware
9.7.3. Other Services
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Healthcare Prescriptive Analytics Demand Share Forecast, 2019-2026
10. Latin America Healthcare Prescriptive Analytics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Healthcare Prescriptive Analytics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Healthcare Prescriptive Analytics Market Size and Volume Forecast by Application
10.4.1. Clinical Data Analytics
10.4.2. Financial Data Analytics
10.4.3. Administrative Data Analytics
10.4.4. Research Data Analytics
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Healthcare Prescriptive Analytics Market Size and Volume Forecast by Type
10.7.1. Software
10.7.2. Hardware
10.7.3. Other Services
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Healthcare Prescriptive Analytics Demand Share Forecast, 2019-2026
11. Europe Healthcare Prescriptive Analytics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Healthcare Prescriptive Analytics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Healthcare Prescriptive Analytics Market Size and Volume Forecast by Application
11.4.1. Clinical Data Analytics
11.4.2. Financial Data Analytics
11.4.3. Administrative Data Analytics
11.4.4. Research Data Analytics
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Healthcare Prescriptive Analytics Market Size and Volume Forecast by Type
11.7.1. Software
11.7.2. Hardware
11.7.3. Other Services
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Healthcare Prescriptive Analytics Demand Share, 2019-2026
12. Asia Pacific Healthcare Prescriptive Analytics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Healthcare Prescriptive Analytics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Healthcare Prescriptive Analytics Market Size and Volume Forecast by Application
12.4.1. Clinical Data Analytics
12.4.2. Financial Data Analytics
12.4.3. Administrative Data Analytics
12.4.4. Research Data Analytics
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Healthcare Prescriptive Analytics Market Size and Volume Forecast by Type
12.7.1. Software
12.7.2. Hardware
12.7.3. Other Services
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Healthcare Prescriptive Analytics Demand Share, 2019-2026
13. Middle East & Africa Healthcare Prescriptive Analytics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Healthcare Prescriptive Analytics Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Healthcare Prescriptive Analytics Market Size and Volume Forecast by Application
13.4.1. Clinical Data Analytics
13.4.2. Financial Data Analytics
13.4.3. Administrative Data Analytics
13.4.4. Research Data Analytics
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Healthcare Prescriptive Analytics Market Size and Volume Forecast by Type
13.7.1. Software
13.7.2. Hardware
13.7.3. Other Services
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Healthcare Prescriptive Analytics Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Healthcare Prescriptive Analytics Market: Market Share Analysis
14.2. Healthcare Prescriptive Analytics Distributors and Customers
14.3. Healthcare Prescriptive Analytics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Allscripts
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cerner
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. IBM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. McKesson
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Medeanalytics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Optum
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Oracle
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Microsoft
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SAS
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Alteryx
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. FICO
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tibco Software
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook