Asia Pacific Healthcare Analytics Market To Witness Accelerated Growth by 2028

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Asia Pacific Healthcare Analytics Market Revenue
To Show Tremendous Growth Till 2028
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• Asia Pacific Healthcare Analytics Market To Hit
  USD 7.1 Bn By 2028. Asia Pacific healthcare
  analytics industry share will showcase promising
  growth in the coming years due to its widespread
  applications in areas, such as patient
  management, disease prevention, and adherence to
  clinical protocols. Healthcare analytics consists
  of various qualitative and quantitative
  techniques to analyze different patterns and
  trends in the medical data records.
• The healthcare sector in Asia Pacific is
  witnessing robust expansion as governments across
  the region are increasing their investment to
  help companies in their research and development
  activities. Moreover, the concept of precision or
  personalized medicine is gaining momentum among
  end-users as medical professionals can collect a
  patients genomic data and study the same with
  the help of advanced technologies.
• The analysis of a patients genetic structure can
  give doctors useful insights on the underlying
  medical condition and help them develop
  personalized medicines for the same. In addition,
  healthcare analytics can aid medical
  practitioners in predicting the most suitable
  treatment for their patients. These advantages
  will increase the demand for healthcare analytics
  among medical professionals.
• Asia Pacific healthcare analytics market value is
  predicted to surpass 7.1 billion by 2027. Based
  on product, the regional market size from
  descriptive analytics is anticipated to observe
  around 17.5 CAGR during the forecast period of
  2022-2028. The high demand for converting raw
  data into interpretable insights has fueled the
  adoption of descriptive analytics.

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• This form of analytics can help professionals
  understand the actual reason behind their
  successful and failed medical experiments.
  Descriptive analytics acts as the first step in
  converting big data into actionable insights.
  Many healthcare companies that deploy Electronic
  Health Record (EHR) systems adopt some type of
  descriptive analytics, which will positively
  impact their demand among end-users.
• The financial management applications captured
  32.4 share of Asia Pacific healthcare analytics
  industry in 2021. Financial management utilizes
  healthcare analytics for various purposes,
  including contract compliance, revenue cycle
  management, risk assessment, and fraud
  prevention.
• There is a rising incidence of problems with
  respect to claim denial and settlement. For
  example, it is predicted that 1 in every 5 claims
  is either delayed or denied, thereby dearly
  costing many healthcare companies. These problems
  will catalyze the demand for healthcare
  analytics.
• Hospitals held a share worth 1.67 billion in
  Asia Pacific healthcare analytics industry in
  2021. The nature of surgeries is growing more and
  more complex every day due to the rising
  complications in a patients underlying
  condition.
• The surgical procedures are also witnessing a
  notable surge due to the high inflow of patients
  every day. Since several hospitals have a
  multifunctional facility, the demand for
  healthcare IT solutions is growing at a strong
  pace. As EHR systems are being installed on a
  large scale across many emerging economies, the
  need for healthcare analytics software will grow
  significantly.

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Segments of APAC Healthcare Analytic Market

• Asia Pacific Market, By Product
• Descriptive analytics
• Predictive analytics
• Prescriptive analytics
• Asia Pacific Market, By Application
• Operations management
• Financial management
• Population health management
• Clinical management

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