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Global Healthcare Analytics Market Size, Growth, Trends, Report: By Type: Prescriptive Analytics, Predictive Analytics, Descriptive Analytics; By Components: Hardware, Software, Services; By Deployment Model: On-Premises, On- Demand; By Applications: Financial Analysis, Others; By End User; Regional Analysis; Supplier Landscape; 2023-2031
Global Healthcare Analytics Market Outlook
The global healthcare analytics market size attained a value of USD 30.9 billion in 2022. The market is anticipated to grow at a CAGR of 23.1% during the forecast period of 2023-2031 to attain a value of USD 198.9 billion by 2031.
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Rise of Big Data to Boost the Healthcare Analytics Industry Growth
The healthcare analytics industry is being driven by factors such as the rise of big data in the healthcare sector, increased emphasis on collecting and analysing data from various sources for improved customer experience, technical advances, and the introduction of social media and its effect on the healthcare industry. Descriptive analytics has held a significant market share in the historical period, while prescriptive analytics is expected to rise at the fastest CAGR during the forecast period. Since descriptive analytics is the foundation for the successful implementation of predictive or prescriptive analytics, descriptive analytics is predicted to dominate the market during the forecast period.
Healthcare Analytics: Market Segmentation
Data is used widely in healthcare research for quantitative and qualitative research. The healthcare market is shifting from volume-based drugs to value-based medicines and reimbursement. Some of the key demands of the payers of this technology include a sudden focus on increased patient outcomes, shortened length-of-stay at clinics, lower healthcare and prescription rates, and fraud prevention.
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Based on type, the market is divided into:
- Descriptive
- Predictive
- Prescriptive
On the basis of component, the market is categorised into:
- Hardware
- Software
- Services
With respect to deployment model, the market is segmented into:
- On-Premises
- Web-Based
- Cloud-Based
Application wise, the market is classified into:
- Clinical
- Financial
- Operational and Administrative
The market is split on the basis of end-user into:
- Healthcare Provider
- Pharmaceutical
- Biotechnology
- Academic Organisation
The EMR report looks into the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Number of Initiatives and Programmes Aiding the Growth of Healthcare Analytics Industry
Healthcare analytics is continuing to transform the healthcare sector in a number of countries. The administrations in developed and emerging nations around the world have launched a slew of federal laws, programmes, and initiatives to see improvements in healthcare systems. The European Union has created an initiative dubbed "Bigmedilytics" that focuses on cost savings, patient improvement, and improved access to health networks. Apart from that, the use of smart devices that collect massive volumes of data is predicted to skyrocket; this raw data will then be processed to help businesses make smarter decisions, thereby aiding the market growth of healthcare analytics.
Key Industry Players in the Global Healthcare Analytics Market
The report gives a detailed analysis of the following key players in the global healthcare analytics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Epic Systems Corporation
- McKesson Corporation
- SAS Institute, Inc
- UnitedHealth Group
- Oracle Corporation
- IBM Corporation
- MedeAnalytics, Inc.
- Optum, Inc.
- Health Catalyst
- SAP SE
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2016-2022 |
| Forecast Period | 2023-2031 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Components |
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| Breakup by Deployment Model |
|
| Breakup by Applications |
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| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Healthcare Analytics Market Overview
3.1 Global Healthcare Analytics Market Historical Value (2016-2022)
3.2 Global Healthcare Analytics Market Forecast Value (2023-2031)
4 Global Healthcare Analytics Landscape
4.1 Global Healthcare Analytics Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Healthcare Analytics Product Landscape
4.2.1 Analysis by Service Type
4.2.2 Analysis by Applications
4.2.3 Analysis by Component
5 Global Healthcare Analytics Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Healthcare Analytics Market Segmentation
6.1 Global Healthcare Analytics Market by Type
6.1.1 Market Overview
6.1.2 Prescriptive Analytics
6.1.3 Predictive Analytics
6.1.4 Descriptive Analytics
6.2 Global Healthcare Analytics Market by Components
6.2.1 Market Overview
6.2.2 Hardware
6.2.3 Software
6.2.4 Services
6.3 Global Healthcare Analytics Market by Deployment Model
6.3.1 Market Overview
6.3.2 On-Premises
6.3.3 On- Demand
6.4 Global Healthcare Analytics Market by Applications
6.4.1 Market Overview
6.4.2 Financial Analysis
6.4.3 Operational & Administrative Analysis
6.4.4 Clinical Analysis
6.4.5 Others
6.5 Global Healthcare Analytics Market by End User
6.5.1 Market Overview
6.5.2 Healthcare Payers
6.5.3 Healthcare Providers
6.5.4 ACOS
6.5.5 HIES
6.5.6 MCOS
6.5.7 TPAS
6.6 Global Healthcare Analytics Market by Region
6.6.1 Market Overview
6.6.2 North America
6.6.3 Europe
6.6.4 Asia Pacific
6.6.5 Latin America
6.6.6 Middle East and Africa
7 North America Healthcare Analytics Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Healthcare Analytics Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Healthcare Analytics Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Healthcare Analytics Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Healthcare Analytics Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 IBM
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Wipro Limited
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Allscripts Healthcare, LLC
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Cerner Corporation
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Health Catalyst
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Inovalon
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 McKesson Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 MEDEANALYTICS, INC.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Optum, Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Oracle
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 SAS Institute Inc.
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 ExlService Holdings, Inc.
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 CitiusTech Inc.
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
17.14 IQVIA
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Mergers and Acquisitions
17.14.5 Certifications
17.15 GENERAL ELECTRIC
17.15.1 Financial Analysis
17.15.2 Product Portfolio
17.15.3 Demographic Reach and Achievements
17.15.4 Mergers and Acquisitions
17.15.5 Certifications
18 Global Healthcare Analytics-Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The global healthcare analytics market was valued at USD 156.7 billion in 2022.
The market is expected to grow at a CAGR of 4.5% from 2023 to 2031 to reach a value of USD 47.8 billion by 2031.
The major industry drivers are rise in big data and healthcare sector due to rising geriatric population.
The key trends in the market are growing popularity of descriptive analytics and increasing number of programmes and initiatives.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of healthcare analytics in the industry are descriptive, predictive, and prescriptive.
The significant components of healthcare analytics are hardware, software, and services.
The different deployment models available in the market are on-premises, web-based, and cloud-based.
The various applications of healthcare analytics are clinical, financial, and operational and administrative.
The major end-users of healthcare analytics include healthcare provider, pharmaceutical, biotechnology, and academic organisation.
The major players in the industry are Epic Systems Corporation, McKesson Corporation, SAS Institute, Inc, UnitedHealth Group, Oracle Corporation, IBM Corporation, MedeAnalytics, Inc., Optum, Inc., Health Catalyst, and SAP SE, among others.
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