TechNavio recognizes the following companies as the key players in the Global Healthcare Data Analytics Market: MEDai Inc., MedeAnalytics Inc., OptumHealth Care Solutions Inc., and Verisk Analytics Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The emergence of cloud-based solutions has enabled healthcare organizations to increase their efficiency and reduce the cost of deploying valuable IT infrastructure. Soon after disease diagnosis, results are stored in databases and these databases are then stored in the cloud. The information stored in the databases can be used at later stages to further refine treatments for other patients. Cloud computing enables healthcare providers and patients to access this information at any time and from any location. However, healthcare organizations are still analyzing the feasibility and relevance of such cloud computing solutions in their IT operations. Although healthcare providers have a good understanding of the benefits of cloud-based data analytics solutions, a number of concerns and risks, particularly data sharing and security, are affecting the steady adoption of such solutions. Overall, however, cloud computing is expected to have a significant positive impact on the Global Healthcare Data Analytics market during the forecast period.”
According to the report, one of the major drivers in this market is the need for effective usage of patient information in healthcare enterprises. The increasing amount of clinical and patient records is resulting in a huge pile-up of information in hospitals and with individual physicians. Hence, data analytics solutions are being used to analyze and effectively use this data to deliver value-based care to patients and improve the efficiency of hospitals.
Further, the report states that one of the major challenges to the adoption of technology by the Healthcare sector is the increasing cost of implementing analytics. Hence, healthcare decision makers are wary about investing in analytics solutions and only choose to invest in areas where they are assured of high returns in less time.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-healthcare-data-analytics-market-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Healthcare Data Analytics Market 2012-2016
