Global Healthcare Cloud Based Analytics Market Application and Geography Trends, Growth and Forecasts to 2021 - 2025

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Kenneth Research

Cloud analytics is the term used to denote the service model in which several analytical and technological tools are provided through a private or public cloud. A utility or subscription-based pricing model is used for offering such services. Information from large amount of data can be extracted using these services- but the prerequisites of preparing the data, and storage, computation and other jobs are done external to the organization.

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In the healthcare industry, applications include blood glucose trackers for diabetics, and other activity and chronic disease monitors. Due to the humongous amount of data generated in such activities, and theincreasing use of Internet of Things (IoT) make the need for storing and analyzing data even more apparent.

End-user/Technology

The technology used by healthcare cloud analytics providers includes many steps. Data management is done. Data mining and predictive analysis is done to find patterns in the health of patients and detect anomalies. Machine learning is done to feed the data to the analytics tools and enable them to learn the various health parameters of patients and identify trends. Data visualization and reporting is done at the end so that the healthcare specialists get a more clear idea about the results and take appropriate measures.

Market Dynamics

Data is a major art of the healthcare analytics technology. It is used for quantitative as well as qualitative data mining, or the extraction of interesting patterns from large amounts of data. Various advantages can be attributed to the same. It has a greater importance given to the quality of healthcare, due to accuracy incorporated by the use of machine learning algorithms. It is also quicker to deploy, and scale to various departments.

The growth, however, is limited due to other factors. Most of these can be attributed to the lag caused by the training of IT professionals required, lack of proper data available to the cloud vendors due to policies protecting the patient's health information, or business related reasons, etc.

Market Segmentation

The market segmentation can be done on the following bases:
Technology/ platform
Descriptive analytics
Predictive analytics
Prescriptive analytics

Application
Administrative data analytics
Clinical data analytics
Financial data analytics
Research data analytics

Component
Hardware
Software
Services

End-user
Healthcare
Pharmaceuticals
Biotechnology
Academia
Research

Regional/Geographic Analysis

Expected market revenue from North America is the highest. Some of the factors include increasing per capita healthcare cost, growing incidents of payment anomalies, and the cost-cutting needs. Europe and Asia Pacific stand next- due to the government initiatives to encourage medical improvements and use of analytics in the healthcare domain.

Key Players

The key players of the Global Healthcare Cloud Based Analytics Market are as follows:
Allscripts Healthcare Solutions, Inc.
IBM
Cerner Corporation
CitiusTech
HP
McKesson
Optum Health
Verisk Analytics
Report ContentsRegional AnalysisReport Highlights

Market segments

Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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