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Global Healthcare Analytics Market, By Component, By Service, By Deployment Mode, By Type, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2025

NEW YORK, May 27, 2020 /PRNewswire/ -- Global Healthcare Analytics Market, By Component (Hardware, Software, Service), By Service (Software Service & Business Analytics Service), By Deployment Mode (On-premise v/s Cloud), By Type (Predictive Analytics, Prescriptive Analytics, Descriptive Analytics), By Application (Financial Analysis, Operational & Administrative Analysis, Clinical Analysis, Population Health Analysis), By End User (Healthcare Payers, Healthcare Providers, Third-Party Administrators (TPA), Others), By Region, Competition, Forecast & Opportunities, 2025Read the full report: https://www.reportlinker.com/p05897738/?utm_source=PRN Global healthcare analytics market is projected to grow at a robust CAGR of 24% during 2021 - 2025.The global healthcare analytics market is driven by the increasing prevalence of diseases, especially chronic diseases such as cancer, diabetes, renal diseases, among others. This has drastically increased the number of patients and thereby significantly augmented the related data.Hence, there is an increasing need to handle and effectively manage such large volumes of data, which is driving the market growth across the globe. Additionally, the use of analytical tools in healthcare industry improves overall patient care and experience.Furthermore, increasing expenditure by the key vendors operating in the industry is anticipated to positively impact the growth of market over the next few years. Also, growing need to improve the quality of healthcare facilities at an affordable cost is expected to spur the market over the next few years. Moreover, the use of analytical tools helps in closing the performance gaps in healthcare delivery systems, thereby enhancing the overall output.
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