Advancements in information technology are leading ease in the ability to collect various forms of healthcare data. Relentlessly huge demand in healthcare costs appeals to develop personalised and patient-centred approach. Healthcare analytics is a approach for data collection from different sources and further analysis of this data gives firm patterns & trends for improvised healthcare interventions. Analytical revolution in healthcare is improving the efficiency, accuracy and service delivery of the healthcare systems with improved clinical outcomes and patient care. The growth of global healthcare analytics market has been endorsed to incorporation of big data analytics in the medical field. On the flip side, Cloud-based healthcare analytics is likely to offer significant growth opportunities for healthcare analytics market in the coming years.
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The Global Healthcare Analytics Market is accounted for $10.01 billion in 2017 and is expected to reach $75.84 billion by 2026 growing at a CAGR of 25.2% during the forecast period. Healthcare analytics are continuing to bring dramatic changes in the healthcare industry across the world. There are many federal policies, programs, and actions are being initiated by the governments of developed and developing countries across the globe to experience progress in healthcare services. Philips launched the next generation Health Suite collection of digital health tools, which includes analytics and artificial intelligence.
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Throughout the world, the demand of Healthcare industry has been increased rapidly. Asia pacific countries such as India, Japan and china are investing more in healthcare sector, on the presence of advanced healthcare IT infrastructure, increasing initiatives for curtailing and rising medical costs as it offers wide opportunities to further customize medical approaches, the demand for these tools is anticipated on coming years. Hence it is advisable for the companies to implement healthcare analytics.
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