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Emergence of Advanced Analytical Tools Boosting Growth in the Global Healthcare Data Analytics Market

Reportstack has announced a new market research report on the Global Healthcare Data Analytics Market 2014-2018. One key trend in the market is the emergence of advanced analytics which offers a better approach to and insight into patient data. This helps in making better decisions and improves the efficiency of hospitals and individual physicians.The Global Healthcare Data Analytics Market 2014-2018 is expected to grow at a CAGR of 25.04 percent during the forecast period of 2013-2018.

Data analytics software refers to various tools and applications that are required to collect, manage, and analyze structured and unstructured data in an enterprise. Healthcare analytics analyzes these data to provide insightful information regarding planning, management, measurement, and learning in healthcare organizations. This information can then be used to enhance the decision-making capabilities of the top management in these organizations.

“Organizations in the Healthcare sector have started applying predictive and content analytics for developing clinical and operational insights,”.

“Advanced analytical tools are a significant part of healthcare data analytics solutions, helping healthcare organizations gain better insights from the medical records of patients collected from various sources.”

To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

Complete report available @ Global Healthcare Data Analytics Market 2014-2018.