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Healthcare analytics can be used to describe the healthcare analysis activities that can be undertaken as a result of data collected from the healthcare areas like claims and cost data, clinical data, pharmaceutical and research development and patient behaviour and sentiment data. Increasing need to improve the efficiency of the current healthcare institutions, medical practices and professionals, and demand to lower the increasing healthcare costs are the primary drivers that boost the Europe healthcare analytics market.
Europe Healthcare analytics market size is projected to reach approximately $5.569 billion by the end of 2024 with a CAGR of close to 26.62% from $1.715 billion in 2017 during the forecast timeline 2018-2024. The significant factors that propel the growth of the Europe healthcare analytics market are increasing need to improve the quality, increasing research and development in advanced healthcare analytics, implementation of the government initiatives to increase the EHR production and emergence of big data analytics in the industry. However, lack of skilled labour,
Europe Healthcare Analytics Market is segmented on the basis of the type which is further segmented into descriptive analytics, predictive analytics, and prescriptive analytics. Among these analytics types, prescriptive analytics holds the most significant market share due to the ability of prescriptive analytics to ensure the integration of predictions and prescriptions. On the basis of Application, financial analytics holds the largest market share value due to the rising focus of payers on the early detection of fraud and reducing preventable costs and on the basis of component, services segment holds the largest market share value owing to the increasing need for the business analytics services and the technology advancements in healthcare analytics. On the basis of Geography, Europe dominates the healthcare analytics market due to its technological innovations and stringent regulation implementation.
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To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary critical players in the Europe healthcare analytics market are:
Starting from $2700
Starting from $2700
Starting from $2700
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