Product Code: 1400
The healthcare analytics market is set to witness sturdy growth through 2030 owing to increasing expenditure on public healthcare. Additionally, surging focus on improving patient outcomes and supporting timely and accurate diagnosis are likely to further promote industry expansion over the forecast timespan.
Healthcare analytics has emerged as an effective solution for healthcare managers and hospitals to deliver better clinical care, operations, and patient engagement, as well as make informed decisions. To accommodate prevalent consumer needs, key participants operating in the healthcare analytics market have been diversifying their offerings, which has been lucrative for the product landscape.
For instance, in July 2022, a health consortium headed by Weill Cornell Medical College received $8 million from the PCORI (Patient-Centered Outcomes Research Institute) to expand its patient data network. The INSIGHT Clinical Research Network is a database that contains clinical data and EHR of 15 million patients from prominent academic medical centers. This collaboration enhanced data sharing, which was designed to foster research aimed at providing insights into the provision of health services and healthcare quality and cost.
In another instance, in July 2022, WhiteSpace Health, a deep analytics expert, broadened its Revenue Intelligence Platform with the addition of Operational Analytics 3.0 for health system-associated and independent medical practices. This platform has been developed to provide clarity into the organizational workstreams' health, identify underperforming areas, and resolve the issues arising therefrom. The deep analytics in the platform then combines the data from various sources, improving utilization, profitability, and patient satisfaction.
The healthcare analytics market has been bifurcated in terms of end-use, product, application, and region.
By end-use, the market has been segmented into clinics, hospitals, and others. Among these, the clinics segment is expected to register massive growth in the upcoming time period to reach a valuation of around $4,866.8 million by the end of 2030.
Based on product, the market has been divided into predictive analytics, prescriptive analytics, and descriptive analytics. In 2021, the prescriptive analytics segment accounted for more than $2,084.9 million in revenue and is estimated to register substantial gains over the analysis period.
With regard to application, the healthcare analytics market has been segmented into financial management, clinical management, population health management, and operations management. Among these, the operations management segment is anticipated to register approximately 11.8% CAGR between 2022 and 2030.
On the regional front, the Latin America healthcare analytics market accounted for over 1.7% of the overall industry revenue in 2021. On the other hand, in the Middle East & Africa, the market is projected to witness sizable expansion, progressing at above 9.7% CAGR over the analysis timeframe.
Table of Contents
Chapter 1 Methodology
- 1.1 Market definitions
- 1.2 Base estimates & working
- 1.3 Forecast parameters
- 1.4 Data validation
- 1.5 Data Sources
- 1.5.1 Secondary
- 1.5.1.1 Paid sources
- 1.5.1.2 Unpaid sources
- 1.5.2 Primary
Chapter 2 Executive Summary
- 2.1 Healthcare analytics industry 360 degree synopsis, 2017 - 2030
- 2.1.1 Business trends
- 2.1.2 Product trends
- 2.1.3 Application trends
- 2.1.4 End-use trends
- 2.1.5 Regional trends
Chapter 3 Healthcare Analytics Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry landscape, 2017 - 2030
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.1.1 Emergence of big data in healthcare
- 3.3.1.2 Emergence of personalized and evidence-based medicine
- 3.3.1.3 Rising investments in venture capital funds
- 3.3.1.4 Technological advancements
- 3.3.2 Industry pitfalls & challenges
- 3.3.2.1 Lack of skilled IT professionals in healthcare
- 3.3.2.2 Data integrity and safety issues
- 3.4 Growth potential analysis
- 3.4.1 By product
- 3.4.2 By application
- 3.4.3 By end-use
- 3.5 COVID-19 Impact analysis
- 3.6 Porter's analysis
- 3.7 Competitive landscape, 2021
- 3.7.1 Company matrix analysis, 2021
- 3.8 PESTLE analysis
Chapter 4 Healthcare Analytics Market, By Product
- 4.1 Key segment trends
- 4.2 Descriptive analytics
- 4.2.1 Market size, by region, 2017 - 2030 (USD Million)
- 4.3 Predictive analytics
- 4.3.1 Market size, by region, 2017 - 2030 (USD Million)
- 4.4 Prescriptive analytics
- 4.4.1 Market size, by region, 2017 - 2030 (USD Million)
Chapter 5 Healthcare Analytics Market, By Application
- 5.1 Key segment trends
- 5.2 Operation management
- 5.2.1 Market size, by region, 2017 - 2030 (USD Million)
- 5.3 Financial management
- 5.3.1 Market size, by region, 2017 - 2030 (USD Million)
- 5.4 Population health management
- 5.4.1 Market size, by region, 2017 - 2030 (USD Million)
- 5.5 Clinical management
- 5.5.1 Market size, by region, 2017 - 2030 (USD Million)
Chapter 6 Healthcare Analytics Market, By End-use
- 6.1 Key segment trends
- 6.2 Hospitals
- 6.2.1 Market size, by region, 2017 - 2030 (USD Million)
- 6.3 Clinics
- 6.3.1 Market size, by region, 2017 - 2030 (USD Million)
- 6.4 Others
- 6.4.1 Market size, by region, 2017 - 2030 (USD Million)
Chapter 7 Healthcare Analytics Market, By Region
- 7.1 Key regional trends
- 7.2 North America
- 7.2.1 Market size, by country, 2017 - 2030 (USD Million)
- 7.2.2 Market size, by product, 2017 - 2030 (USD Million)
- 7.2.3 Market size, by application, 2017 - 2030 (USD Million)
- 7.2.4 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.2.5 U.S.
- 7.2.5.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.2.5.2 Market size, by application 2017 - 2030 (USD Million)
- 7.2.5.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.2.6 Canada
- 7.2.6.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.2.6.2 Market size, by application 2017 - 2030 (USD Million)
- 7.2.6.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.3 Europe
- 7.3.1 Market size, by country, 2017 - 2030 (USD Million)
- 7.3.2 Market size, by product, 2017 - 2030 (USD Million)
- 7.3.3 Market size, by application, 2017 - 2030 (USD Million)
- 7.3.4 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.3.5 Germany
- 7.3.5.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.3.5.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.3.5.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.3.6 UK
- 7.3.6.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.3.6.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.3.6.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.3.7 France
- 7.3.7.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.3.7.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.3.7.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.3.8 Spain
- 7.3.8.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.3.8.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.3.8.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.3.9 Italy
- 7.3.9.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.3.9.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.3.9.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.3.10 Russia
- 7.3.10.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.3.10.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.3.10.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.4 Asia Pacific
- 7.4.1 Market size, by country, 2017 - 2030 (USD Million)
- 7.4.2 Market size, by product, 2017 - 2030 (USD Million)
- 7.4.3 Market size, by application, 2017 - 2030 (USD Million)
- 7.4.4 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.4.5 China
- 7.4.5.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.4.5.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.4.5.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.4.6 Japan
- 7.4.6.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.4.6.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.4.6.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.4.7 India
- 7.4.7.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.4.7.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.4.7.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.4.8 Australia
- 7.4.8.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.4.8.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.4.8.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.4.9 South Korea
- 7.4.9.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.4.9.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.4.9.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.5 Latin America
- 7.5.1 Market size, by country, 2017 - 2030 (USD Million)
- 7.5.2 Market size, by product, 2017 - 2030 (USD Million)
- 7.5.3 Market size, by application, 2017 - 2030 (USD Million)
- 7.5.4 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.5.5 Brazil
- 7.5.5.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.5.5.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.5.5.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.5.6 Mexico
- 7.5.6.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.5.6.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.5.6.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.6 MEA
- 7.6.1 Market size, by country, 2017 - 2030 (USD Million)
- 7.6.2 Market size, by product, 2017 - 2030 (USD Million)
- 7.6.3 Market size, by application, 2017 - 2030 (USD Million)
- 7.6.4 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.6.5 South Africa
- 7.6.5.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.6.5.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.6.5.3 Market size, by end-use, 2017 - 2030 (USD Million)
- 7.6.6 Saudi Arabia
- 7.6.6.1 Market size, by product, 2017 - 2030 (USD Million)
- 7.6.6.2 Market size, by application, 2017 - 2030 (USD Million)
- 7.6.6.3 Market size, by end-use, 2017 - 2030 (USD Million)
Chapter 8 Company Profiles
- 8.1 Competitive dashboard
- 8.2 IBM Corporation
- 8.2.1 Business Overview
- 8.2.2 Financial Data
- 8.2.3 Product Landscape
- 8.2.4 Strategic Outlook
- 8.2.5 SWOT Analysis
- 8.3 OptumHealth, Inc
- 8.3.1 Business Overview
- 8.3.2 Financial Data
- 8.3.3 Product Landscape
- 8.3.4 Strategic Outlook
- 8.3.5 SWOT Analysis
- 8.4 McKesson Corporation
- 8.4.1 Business Overview
- 8.4.2 Financial Data
- 8.4.3 Product Landscape
- 8.4.4 Strategic Outlook
- 8.4.5 SWOT Analysis
- 8.5 Allscripts Healthcare Solution, Inc
- 8.5.1 Business Overview
- 8.5.2 Financial Data
- 8.5.3 Product Landscape
- 8.5.4 Strategic Outlook
- 8.5.5 SWOT Analysis
- 8.6 Cerner Corporation
- 8.6.1 Business Overview
- 8.6.2 Financial Data
- 8.6.3 Product Landscape
- 8.6.4 Strategic Outlook
- 8.6.5 SWOT Analysis
- 8.7 Athenahealth, Inc
- 8.7.1 Business Overview
- 8.7.2 Financial Data
- 8.7.3 Product Landscape
- 8.7.4 Strategic Outlook
- 8.7.5 SWOT Analysis
- 8.8 Inovalon Holding, Inc
- 8.8.1 Business Overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 Strategic Outlook
- 8.8.5 SWOT Analysis
- 8.9 Computer Programs and Systems, Inc
- 8.9.1 Business Overview
- 8.9.2 Financial Data
- 8.9.3 Product Landscape
- 8.9.4 Strategic Outlook
- 8.9.5 SWOT Analysis
- 8.10 Change Healthcare
- 8.10.1 Business Overview
- 8.10.2 Financial Data
- 8.10.3 Product Landscape
- 8.10.4 Strategic Outlook
- 8.10.5 SWOT Analysis
- 8.11 Tenet Healthcare Corporation
- 8.11.1 Business Overview
- 8.11.2 Financial Data
- 8.11.3 Product Landscape
- 8.11.4 Strategic Outlook
- 8.11.5 SWOT Analysis
- 8.12 GE Healthcare
- 8.12.1 Business Overview
- 8.12.2 Financial Data
- 8.12.3 Product Landscape
- 8.12.4 Strategic Outlook
- 8.12.5 SWOT Analysis
- 8.13 Evolent Health
- 8.13.1 Business Overview
- 8.13.2 Financial Data
- 8.13.3 Product Landscape
- 8.13.4 Strategic Outlook
- 8.13.5 SWOT Analysis
- 8.14 Influence Health Inc
- 8.14.1 Business Overview
- 8.14.2 Financial Data
- 8.14.3 Product Landscape
- 8.14.4 Strategic Outlook
- 8.14.5 SWOT Analysis
- 8.15 Health Catalyst
- 8.15.1 Business Overview
- 8.15.2 Financial Data
- 8.15.3 Product Landscape
- 8.15.4 Strategic Outlook
- 8.15.5 SWOT Analysis