Healthcare Analytics Market size is projected to exceed USD 16 billion by 2024; according to a new research study published by Global Market Insights, Inc.
The growing need to control healthcare cost and growing adoption across the globe will drive the healthcare analytics market growth. Healthcare analytics and data analytics would reduce overall healthcare cost by identifying inefficiencies in current delivery methods, reduce the frequency of hospital visits and eliminate the need for unnecessary testing. Rapid adoption in developed regions and growing acceptance of advanced technologies in emerging economies should fuel the market. Promising improvements in healthcare infrastructure, growing disposable income levels and increasing application of these solutions should boost industry growth.
Providing individualized solutions through effective usage of electronic health records and analytical software will stimulate the healthcare analytics market demand. Rising social media usage coupled with technological innovation in analytics should further facilitate industry expansion. Among all these how important and relevant would be Customer Obsession and Success management.