South America Healthcare Analytics Market – Size, Outlook, Trends, and Forecast (2024 – 2032)

Published : 30 Aug 2024

Report Type : Regional

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South America Healthcare Analytics Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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. The 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 South America healthcare analytics market.

South America Healthcare Analytics Market Segments Size & Growth:

South America Healthcare analytics market size is projected to reach approximately $1.1 billion by the end of 2024 with a CAGR of close to 19.22% from $0.4694 billion in 2017 during the forecast timeline 2018-2024. The significant factors that propel the growth of the South America 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

South America Healthcare Analytics Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

the industry. However, lack of skilled labour, data safety and data integrity concerns and the organisational procedures for data sharing may hinder the growth of the market.

South America Healthcare Analytics Market Segments Share:

South AmericaAnalytics Market is segmented by the type which is further segmented into descriptive analytics, predictive analytics, and prescriptive analytics. Among these analytics types, prescriptive analytics holds the largest 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. By Geography, South America witnesses a comparatively low growth rate during the forecast period.

South America Healthcare Analytics Market Trends:

Cerner Corporation announced the completion of its acquisition

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South America Healthcare Analytics Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

of Siemens Health Services assets, client relationships, and associates.

IBM SPSS Statistics is the leading statistical software that helps in finding the new insights in the data.

Allscripts Healthcare Solutions is the foremost provider of clinical software, connectivity and information solutions that physicians use to improve the healthcare.

South America Healthcare Analytics Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

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.

South America 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 South America healthcare analytics market are:

IBM
Cerner Corporation
Oracle
Optum
McKesson

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