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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