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Factors Affecting Healthcare Analytics

The healthcare analytics market is expected to grow at a CAGR of more than 25% over the forecast period 2014-2019. Increasing healthcare IT adoption, centralized healthcare mandates across the globe, emerging fields of predictive, prescriptive analysis and venture capital are the factors driving the market growth. Digitization of world commerce, the emergence of Big Data and increase in the number of advanced technologies are other growth providing factors. Factors hampering the growth of the healthcare analytics market include lack of skilled labor with analytical skills, data securing and patient data privacy. North America holds the largest share of healthcare analytics market driven by US centralized healthcare mandates such as Meaningful Use and The Patient Protection & Affordable Care Act (PPACA). These initiatives assist to improve the acceptance of Electronic Health Records and Healthcare Information Exchange, thus improving the usage of analytics to influence the generated data. Read more at:

http://www.fortmilltimes.com/2014/07/21/3616557/research-and-markets-healthcare.html

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