Patient Data Analytics Market Analysis

Product Type (Descriptive, Predictive, Prescriptive, Cognitive)

The global patient data analytics  market is segmented and analyzed for demand and supply by product type into descriptive, predictive, prescriptive, and cognitive. Out of the four types of product, the descriptive segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing cases of chronic issues, such as cancer, diabetes, cardiovascular problems, and others. Given that chronic diseases persist throughout the patient's life, descriptive analytics provides a historical examination of the patient's circumstances. The World Health Organization estimates that 2.21 million cases of lung cancer and 2.26 million cases of breast cancer will be diagnosed in 2020. Additionally, around 18 million people worldwide die from cardiovascular diseases each year.

Application (Operations Management, Financial Management, Population Health Management, Clinical Management)

The global patient data analytics  market is also segmented and analyzed for demand and supply by application into operations management, financial management, population health management, and clinical management. Amongst these four segments, the financial management segment is expected to garner a significant share. the segment growth is primarily expected on the back of rising need to reduce the healthcare cost. Patient data analytics helps in finding the best healthcare service for the patient in the lowest cost. It helps both insurance company and patient to find the best policy to help patient to afford the expensive treatment.

Our in-depth analysis of the global market includes the following segments: