Healthcare Operational Analytics Market
The market is estimated to be USD XX billion in 2016 and is projected to reach USD XX billion by 2021, growing at a CAGR of XX% during the forecast period from 2016 to 2021.
Operational analytics can provide us with a way of addressing some of the major challenges that healthcare is facing right now like long waiting hours for patients and unavailability of required machines at the appropriate time, which again increases waiting time and can have disastrous results. These issues need immediate attention and are going to be the concern of every executive in the healthcare sector in the coming years.
Hospitals, research organizations, and jurisdictions can utilize operational analytics to help improve results and reduce the costs of Comparative Effectiveness Research (CER), treatment and outcome analysis, resource utilization and the identification of patients for clinical trials and rare event detection.
Some of the key factors driving the market are:
- Need for optimizing use of expensive resources
- Need for cutting wait time and red tapes
- Integration of big data in healthcare
- Increasing awareness of the use of paperless technology
- Rising need to increase efficiency of current medical practices and institutions
Some of the constraints that this industry needs to overcome are:
- High initial investment
- Lack of proper trained IT professionals,
- Lack of coordination among different departments and also among staff of the same department
- Poor workflow
Some of the opportunities that the market players face are:
- Growing economies with huge population base
- Emerging cloud vendors
- Increasing participation from smaller and innovative players in IT sector
- Technological advancement
The global healthcare operational analytics market is segmented on the basis of type (supply chain analytics, human resource analytics, strategic analytics), component (software, hardware and services), deployment (cloud-based model, web- based model and on-premise model), end-user (private organization (healthcare, pharmaceuticals, biotechnology, research and others), and geography (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America).
The primary stakeholders of this technology are healthcare IT firms, cloud vendors, care organizations, health insurance providers, healthcare payers, healthcare providers and venture capitalists.
Some of the key players in the market are:
- McKesson Corporation
- Medeanalytics, Inc.
- Optum, Inc.
Key Deliverables in the Study
- Market analysis for the healthcare operational analytics market, with region-specific assessments and competition analysis on the global and regional scale.
- Market definition along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their market share.
- Identification and analysis of the macro and micro factors that affect the healthcare operational analytics market on both global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
- Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
1.1. Study deliverables
1.2. Market Definition
1.3. Sizing Units
1.4. Base Currency
1.5. Review and forecast period years
1.6. General Study Assumptions
1.7 Report Description
2. Research Methodology
2.2. Analysis Methodology
2.3. Econometric forecast models
2.4. Research Assumptions
3. Executive Summary
4. Key Inferences
5. Market Overview & Industry Trends
5.1. Current market scenario
5.2. Technology Overview
5.3. New developments
5.4. Investment analysis
5.5. Porter’s Five Force Analysis
5.5.1 Bargaining Power of suppliers
5.5.2 Bargaining power of buyers
5.5.3 Degree of competition
5.5.4 Threat of substitution
5.5.5 Threat of new entrants
6. Drivers, Restraints, Opportunities & Challenges Analysis (DROC)
6.1. Market Drivers
6.1.1 Need to increase efficiency of current medical practices and institution
6.1.2 Optimize use of expensive resources
6.1.3 Cutting wait times and red tapes
6.1.4 increasing awareness for the use of paperless technology
6.1.5 Need to curtail ever increasing healthcare cost
6.2. Market Restraints
6.2.1 High cost of initial investment
6.2.2 Lack of properly trained IT professionals in healthcare
6.2.3 lack of coordination among different departments and also among staffs of the same department
6.2.4 Poor Work Flow
6.3 Market Opportunities
6.3.1 Expansion of healthcare IT
6.3.2 Emerging economies and growing importance of healthcare in these countries
6.4. Key Challenges
6.4.1 Data storage, maintenance, and security
7. Global Healthcare Operational Analytics Market Segmentation
7.1 By Type
7.1.1 Supply chain analytics
7.1.2 Human resource analytics
7.1.3 Strategic analytics
7.2 By Component
7.3 By Deployment
7.3.2 Web- based
7.3.3 Cloud based
7.4 By End user
8. Global Healthcare Operational Analytics Market by Geography - Regional shares and forecast
8.1 North America
8.2.4 Spain & Portugal
8.3.4 South Korea
8.4. Middle East and North Africa (MENA)
8.5. Latin America
9. Competitive Landscape
9.1 Mergers & Acquisitions
9.2 New Product Launches
9.3 Agreements, Collaborations & Partnerships
10. Key Vendors
10.4 McKesson corporation
10.5 Medeanalytics, Inc.
10.6 Optum, Inc.
10.7 Allscripts Healthcare Solutions, Inc.
10.8 Truven Healthanalytics, Inc.
10.9 Verisk Analytics
10.10 MEDAssets Inc.
11. Analyst outlook for Investment Opportunities
12. Future outlook of the market