The U.S. healthcare payer analytics market size is expected to reach USD 13.3 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 24.1% from 2020 to 2027. The rising digitization of healthcare data is one of the key factors supporting market growth. In addition, the increasing shift from volume-based to value-based care is driving the market in the country. According to a report titled “2019 Payer Analytics Market Trends Report” published by IBM, payers have started adopting analytics technology for supporting the shift from Fee-for-Service (FFS) models to Value-based Care (VBC) models.
Based
on analytics type, the descriptive segment accounted for the highest revenue
share in 2019 owing to its increasing adoption in gaining actionable insights
by analyzing historical data. On the other hand, the predictive segment is
expected to exhibit the fastest growth during the forecast period owing to the
benefit offered by this segment in enabling healthcare decision-makers to
optimize healthcare delivery and reduce costs by recommending the best course
of action for patients or providers.
In
2019, the services segment accounted for the highest revenue share owing to the
ongoing trend of outsourcing due to the lack of resources and skill set
required for the deployment of analytics. This segment is expected to be the
fastest-growing segment during the forecast period. In addition, increasing EHR
adoption, the surge in the adoption of big data in healthcare, growing adoption
of data-driven decision-making, increasing pressure to curb healthcare spending
& improve patient outcomes, and an increasing number of patient registries
is further bolstering the segment growth.
Based
on the delivery model, the on-premises segment accounted for the largest
revenue share in 2019 owing to the ease of customization and the level of
security and control offered by this delivery model. On the other hand, the
cloud-based segment is anticipated to be the fastest-growing segment during the
forecast period owing to extreme capacity flexibility, safe storage, and the
pay-as-you-go pricing offered by this model.
In
2019, the financial application segment accounted for the highest revenue share
owing to various initiatives, such as FPS that aids in saving costs and helps
in avoiding fraud. This segment is expected to be the fastest-growing segment
during the forecast period. Moreover, the increasing adoption of healthcare
analytics to reduce healthcare spending coupled with increasing access to
clinical data is further driving the market in the country.
For more info visit here: https://www.grandviewresearch.com/industry-analysis/us-healthcare-payer-analytics-market
U.S. Healthcare
Payer Analytics Market Report Highlights
- The
descriptive segment dominated the market in 2019 owing to its benefits in
gaining actionable insights
- The services
component type segment dominated the market in 2019 owing to the
increasing adoption of outsourcing various services due to a lack of
skilled professionals
- The
on-premises delivery model segment dominated the market in 2019 owing to
enhanced security and control offered by the delivery model
- The financial
services segment dominated the market and accounted for the largest
revenue share in 2019
Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/us-healthcare-payer-analytics-market/request/rs1
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment