Global Healthcare Analytics Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 201
- CATEGORY
- Information Technology
Market Overview:
The global Healthcare Analytics Market size was valued at USD 31.56 billion in 2022, and is projected to reach USD 87.57 billion by 2032 at a CAGR of 28.5% from 2022 to 2032. Definition: The healthcare analytics market refers to the use of data analysis tools and techniques to improve healthcare outcomes, reduce costs, and optimize operations. This includes the analysis of electronic health records (EHRs), medical claims data, clinical data, and other healthcare data sources to identify patterns, trends, and insights that can inform decision-making. The healthcare analytics market size is expected to grow rapidly in the coming years, driven by several key trends and opportunities, including:
· Increasing demand for healthcare data analytics: With the growing complexity of healthcare systems and the increasing volume of healthcare data, healthcare organizations are increasingly turning to data analytics to improve efficiency, reduce costs, and improve patient outcomes.
· Advancements in technology: Advances in technology, including artificial intelligence, machine learning, and natural language processing, are enabling more sophisticated and accurate healthcare analytics.
· Growing adoption of electronic health records: The widespread adoption of electronic health records (EHRs) is providing a wealth of data that can be leveraged for analytics, enabling healthcare providers to better understand patient needs and preferences.
· Increasing focus on population health management: The shift towards value-based care and population health management is driving demand for healthcare analytics, as healthcare providers seek to better understand patient populations and identify areas for improvement.
· Rising healthcare costs: The increasing cost of healthcare is driving demand for analytics solutions that can help healthcare providers identify cost savings opportunities and reduce waste.
Overall, the healthcare analytics market share is expected to continue growing in the coming years, as healthcare providers seek to leverage data analytics to improve patient outcomes, reduce costs, and optimize operations.
Growing demand for data-driven insights to improve patient outcomes is propelling Healthcare Analytics Market growth.
With the rising complexity of healthcare systems and the growing volume of healthcare data, healthcare organizations are increasingly turning to data analytics to gain insights that can inform decision-making and improve outcomes. Analytics tools and techniques can help healthcare providers identify patterns and trends in patient data, such as identifying patients at risk for certain conditions or identifying potential areas for improvement in clinical workflows. By leveraging data analytics, healthcare providers can make more informed decisions, which can lead to better patient outcomes and improved efficiency. In addition, the shift towards value-based care and population health management is driving demand for healthcare analytics solutions. By analyzing patient populations, healthcare providers can identify areas for improvement and implement targeted interventions that can improve outcomes while reducing costs. Overall, the demand for data-driven insights and the shift towards value-based care are driving the growth of the healthcare analytics market share. As healthcare organizations increasingly seek to leverage data analytics to improve outcomes and reduce costs, Healthcare Analytics Market is expected to continue growing in the coming years.
Segmentation:
· Based on the component, the healthcare analytics market can be segmented into software, hardware, and services.
· Based on deployment mode, Healthcare Analytics Market can be segmented into on-premise, web-based, and cloud-based.
· Based on application, the healthcare analytics market can be segmented into clinical analytics, financial analytics, operational analytics, and others.
· Based on end-user, Healthcare Analytics Market can be segmented into healthcare providers, healthcare payers, and others.
Geography:
North America dominates the healthcare analytics market due to the presence of a large number of healthcare providers and the high adoption of healthcare analytics solutions in the region. The US is the major contributor to the healthcare analytics market growth in North America, followed by Canada. However, the Asia-Pacific region is expected to witness the highest growth rate during the forecast period due to the increasing adoption of healthcare analytics solutions in developing countries such as India and China. Other regions such as Europe, Latin America, and Middle East & Africa also contribute significantly to the growth of the healthcare analytics market.
Impact of COVID-19 on the global Healthcare Analytics Market:
The COVID-19 pandemic has had a significant impact on the healthcare industry, including the healthcare analytics market. The pandemic has highlighted the importance of healthcare analytics in managing the crisis, predicting future outbreaks, and improving patient outcomes. The demand for healthcare analytics solutions has increased during the pandemic as healthcare providers are using these solutions to track the spread of the virus, identify high-risk patients, and manage hospital resources. The use of predictive analytics has also increased during the pandemic to forecast the number of cases and hospitalizations, which has helped healthcare providers to prepare for and respond to the crisis. However, the pandemic has also led to disruptions in the supply chain and decreased investments in the healthcare industry, which has impacted the healthcare analytics market. Healthcare Analytics Market growth rate has slowed down due to the postponement of non-essential healthcare services, delays in new product launches, and budget constraints faced by healthcare providers. Despite these challenges, the healthcare analytics market is expected to recover and grow in the coming years, driven by the increasing adoption of healthcare analytics solutions and the growing demand for data-driven insights to improve patient outcomes.
Impact of the Russia-Ukraine War on the global Healthcare Analytics Market:
The ongoing conflict between Russia and Ukraine has had a limited impact on the healthcare analytics market. However, the war has had some indirect effects on Healthcare Analytics Market due to the economic and political instability in the region. The war has resulted in the imposition of economic sanctions on Russia by Western countries, which has led to a decrease in foreign investments in the region. The economic sanctions have also affected the supply chain of healthcare analytics solutions, leading to disruptions in Healthcare Analytics Market.
Moreover, the conflict has led to an increase in the demand for healthcare services in the region, particularly in Ukraine, which has resulted in a greater need for healthcare analytics solutions to manage and optimize resources. However, the budget constraints faced by the healthcare sector due to the economic downturn have limited the adoption of healthcare analytics solutions in the region. Overall, while the impact of the Russia-Ukraine conflict on the healthcare analytics market is limited, the economic and political instability in the region has had some indirect effects on Healthcare Analytics Market.
Company Profiles:
· IBM Corporation
· Optum, Inc.
· Cerner Corporation
· Allscripts Healthcare Solutions, Inc.
· McKesson Corporation
· Oracle Corporation
· SAS Institute Inc.
· Philips Healthcare
· Health Catalyst
· MedeAnalytics, Inc.
· Inovalon Holdings, Inc.
· Cotiviti Holdings, Inc.
· Change Healthcare Inc.
· CitiusTech Inc.
· Leidos Holdings, Inc.
Key Points:Define, describe and forecast Healthcare Analytics product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
Historic Year: 2016-2022
Forecast: 2024-2035
1 Healthcare Analytics Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Healthcare Analytics
1.3 Healthcare Analytics Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Healthcare Analytics
1.4.2 Applications of Healthcare Analytics
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 MedeAnalytics Market Performance Analysis
3.1.1 MedeAnalytics Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 MedeAnalytics Sales, Value, Price, Gross Margin 2016-2021
3.2 Health Catalyst Market Performance Analysis
3.2.1 Health Catalyst Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Health Catalyst Sales, Value, Price, Gross Margin 2016-2021
3.3 Optum Market Performance Analysis
3.3.1 Optum Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Optum Sales, Value, Price, Gross Margin 2016-2021
3.4 McKesson Market Performance Analysis
3.4.1 McKesson Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 McKesson Sales, Value, Price, Gross Margin 2016-2021
3.5 SAS Institute Market Performance Analysis
3.5.1 SAS Institute Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 SAS Institute Sales, Value, Price, Gross Margin 2016-2021
3.6 Cerner Market Performance Analysis
3.6.1 Cerner Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Cerner Sales, Value, Price, Gross Margin 2016-2021
3.7 IBM Market Performance Analysis
3.7.1 IBM Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 IBM Sales, Value, Price, Gross Margin 2016-2021
3.8 Oracle Market Performance Analysis
3.8.1 Oracle Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Oracle Sales, Value, Price, Gross Margin 2016-2021
3.9 Verisk Analytics Market Performance Analysis
3.9.1 Verisk Analytics Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Verisk Analytics Sales, Value, Price, Gross Margin 2016-2021
3.10 Allscripts Health Solutions Market Performance Analysis
3.10.1 Allscripts Health Solutions Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Allscripts Health Solutions Sales, Value, Price, Gross Margin 2016-2021
3.11 Inovalon Market Performance Analysis
3.11.1 Inovalon Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Inovalon Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Healthcare Analytics Production and Value by Type
4.1.1 Global Healthcare Analytics Production by Type 2016-2021
4.1.2 Global Healthcare Analytics Market Value by Type 2016-2021
4.2 Global Healthcare Analytics Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Software Market Production, Value and Growth Rate
4.2.2 Services Market Production, Value and Growth Rate
4.2.3 Hardware Market Production, Value and Growth Rate
4.3 Global Healthcare Analytics Production and Value Forecast by Type
4.3.1 Global Healthcare Analytics Production Forecast by Type 2021-2026
4.3.2 Global Healthcare Analytics Market Value Forecast by Type 2021-2026
4.4 Global Healthcare Analytics Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Software Market Production, Value and Growth Rate Forecast
4.4.2 Services Market Production, Value and Growth Rate Forecast
4.4.3 Hardware Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Healthcare Analytics Consumption and Value by Application
5.1.1 Global Healthcare Analytics Consumption by Application 2016-2021
5.1.2 Global Healthcare Analytics Market Value by Application 2016-2021
5.2 Global Healthcare Analytics Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Clinical Analytics Market Consumption, Value and Growth Rate
5.2.2 Financial Analytics Market Consumption, Value and Growth Rate
5.2.3 Operational and Administrative Analytics Market Consumption, Value and Growth Rate
5.2.4 Population Health Analytics Market Consumption, Value and Growth Rate
5.2.5 Others Market Consumption, Value and Growth Rate
5.3 Global Healthcare Analytics Consumption and Value Forecast by Application
5.3.1 Global Healthcare Analytics Consumption Forecast by Application 2021-2026
5.3.2 Global Healthcare Analytics Market Value Forecast by Application 2021-2026
5.4 Global Healthcare Analytics Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Clinical Analytics Market Consumption, Value and Growth Rate Forecast
5.4.2 Financial Analytics Market Consumption, Value and Growth Rate Forecast
5.4.3 Operational and Administrative Analytics Market Consumption, Value and Growth Rate Forecast
5.4.4 Population Health Analytics Market Consumption, Value and Growth Rate Forecast
5.4.5 Others Market Consumption, Value and Growth Rate Forecast
6 Global Healthcare Analytics by Region, Historical Data and Market Forecasts
6.1 Global Healthcare Analytics Sales by Region 2016-2021
6.2 Global Healthcare Analytics Market Value by Region 2016-2021
6.3 Global Healthcare Analytics Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Healthcare Analytics Sales Forecast by Region 2021-2026
6.5 Global Healthcare Analytics Market Value Forecast by Region 2021-2026
6.6 Global Healthcare Analytics Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Healthcare Analytics Value and Market Growth 2016-2021
7.2 United State Healthcare Analytics Sales and Market Growth 2016-2021
7.3 United State Healthcare Analytics Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Healthcare Analytics Value and Market Growth 2016-2021
8.2 Canada Healthcare Analytics Sales and Market Growth 2016-2021
8.3 Canada Healthcare Analytics Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Healthcare Analytics Value and Market Growth 2016-2021
9.2 Germany Healthcare Analytics Sales and Market Growth 2016-2021
9.3 Germany Healthcare Analytics Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Healthcare Analytics Value and Market Growth 2016-2021
10.2 UK Healthcare Analytics Sales and Market Growth 2016-2021
10.3 UK Healthcare Analytics Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Healthcare Analytics Value and Market Growth 2016-2021
11.2 France Healthcare Analytics Sales and Market Growth 2016-2021
11.3 France Healthcare Analytics Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Healthcare Analytics Value and Market Growth 2016-2021
12.2 Italy Healthcare Analytics Sales and Market Growth 2016-2021
12.3 Italy Healthcare Analytics Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Healthcare Analytics Value and Market Growth 2016-2021
13.2 Spain Healthcare Analytics Sales and Market Growth 2016-2021
13.3 Spain Healthcare Analytics Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Healthcare Analytics Value and Market Growth 2016-2021
14.2 Russia Healthcare Analytics Sales and Market Growth 2016-2021
14.3 Russia Healthcare Analytics Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Healthcare Analytics Value and Market Growth 2016-2021
15.2 China Healthcare Analytics Sales and Market Growth 2016-2021
15.3 China Healthcare Analytics Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Healthcare Analytics Value and Market Growth 2016-2021
16.2 Japan Healthcare Analytics Sales and Market Growth 2016-2021
16.3 Japan Healthcare Analytics Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Healthcare Analytics Value and Market Growth 2016-2021
17.2 South Korea Healthcare Analytics Sales and Market Growth 2016-2021
17.3 South Korea Healthcare Analytics Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Healthcare Analytics Value and Market Growth 2016-2021
18.2 Australia Healthcare Analytics Sales and Market Growth 2016-2021
18.3 Australia Healthcare Analytics Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Healthcare Analytics Value and Market Growth 2016-2021
19.2 Thailand Healthcare Analytics Sales and Market Growth 2016-2021
19.3 Thailand Healthcare Analytics Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Healthcare Analytics Value and Market Growth 2016-2021
20.2 Brazil Healthcare Analytics Sales and Market Growth 2016-2021
20.3 Brazil Healthcare Analytics Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Healthcare Analytics Value and Market Growth 2016-2021
21.2 Argentina Healthcare Analytics Sales and Market Growth 2016-2021
21.3 Argentina Healthcare Analytics Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Healthcare Analytics Value and Market Growth 2016-2021
22.2 Chile Healthcare Analytics Sales and Market Growth 2016-2021
22.3 Chile Healthcare Analytics Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Healthcare Analytics Value and Market Growth 2016-2021
23.2 South Africa Healthcare Analytics Sales and Market Growth 2016-2021
23.3 South Africa Healthcare Analytics Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Healthcare Analytics Value and Market Growth 2016-2021
24.2 Egypt Healthcare Analytics Sales and Market Growth 2016-2021
24.3 Egypt Healthcare Analytics Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Healthcare Analytics Value and Market Growth 2016-2021
25.2 UAE Healthcare Analytics Sales and Market Growth 2016-2021
25.3 UAE Healthcare Analytics Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Healthcare Analytics Value and Market Growth 2016-2021
26.2 Saudi Arabia Healthcare Analytics Sales and Market Growth 2016-2021
26.3 Saudi Arabia Healthcare Analytics Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
}})
Select a license type that suits your business needs
US $3950
Only Three Thousand Nine Hundred Fifty US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4950
Only Four Thousand Nine Hundred Fifty US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5950
Only Five Thousand Nine Hundred Fifty US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI