Healthcare Analytics Market by Technology (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics), Component (Services, Software), Deployment, Application, End-User - Global Forecast 2023-2030
The Healthcare Analytics Market is projected to reach USD 164.33 billion by 2030 from USD 29.36 billion in 2022, at a CAGR of 24.02% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Healthcare Analytics Market.
- Based on Technology, market is studied across Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics. The Descriptive Analytics commanded largest market share of 42.98% in 2022, followed by Predictive Analytics.
- Based on Component, market is studied across Services and Software. The Software commanded largest market share of 72.34% in 2022, followed by Services.
- Based on Deployment, market is studied across On-Cloud and On-Premise. The On-Premise commanded largest market share of 63.87% in 2022, followed by On-Cloud.
- Based on Application, market is studied across Clinical Analytics, Financial Analytics, Operational & Administrative Analytics, and Population Health Analytics. The Operational & Administrative Analytics commanded largest market share of 31.76% in 2022, followed by Financial Analytics.
- Based on End-User, market is studied across Academic Organization, Biotechnology Industry, Healthcare Payer, and Healthcare Provider. The Healthcare Provider commanded largest market share of 42.98% in 2022, followed by Healthcare Payer.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 35.87% in 2022, followed by Americas.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Healthcare Analytics Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Healthcare Analytics Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Healthcare Analytics Market, highlighting leading vendors and their innovative profiles. These include Alteryx, Inc., Apixio, Inc., Arcadia Solutions, LLC, Athenahealth, Inc., Cisco Systems, Inc., CitiusTech Inc., Clarify Health Solutions, Inc., ClosedLoop.ai Inc., Cloudticity, L.L.C, Cotiviti, Inc., Epic Systems Corporation, GE HealthCare Technologies Inc., Google LLC by Alphabet Inc., Health Catalyst, Inc., HealthVerity, Inc., HOKUTO Inc., Inovalon Holdings, Inc., International Business Machines Corporation, IQVIA Inc., McKesson Corporation, MedeAnalytics, Inc., Microsoft Corporation, Optum, Inc., Oracle Corporation, RIB Datapine GmbH, SAP SE, SAS Institute, Inc., Veradigm LLC, Verinovum, Virgin Pulse, and Wipro.
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Healthcare Analytics Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Healthcare Analytics Market?
- What is the competitive strategic window for identifying opportunities in the Healthcare Analytics Market?
- What are the latest technology trends and regulatory frameworks in the Healthcare Analytics Market?
- What is the market share of the leading vendors in the Healthcare Analytics Market?
- Which modes and strategic moves are suitable for entering the Healthcare Analytics Market?
Please Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Healthcare Analytics Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Adoption of electronic health records (EHR) to streamline healthcare processes
- 5.1.1.2. Government focus on healthcare fraud detection and control
- 5.1.2. Restraints
- 5.1.2.1. Difficulty in integration and interoperability with existing models
- 5.1.3. Opportunities
- 5.1.3.1. Advanced healthcare analytics technology based on AI & big data
- 5.1.3.2. New investments in smart hospital facilities worldwide
- 5.1.4. Challenges
- 5.1.4.1. Concerns associated data privacy and security breaches
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.3.1. Well-established organizations and promising government roles encourage health analytics adoption in America
- 5.3.2. The shift towards digital solutions in healthcare systems have enhanced the adoption of health analytics in the APAC region
- 5.3.3. Governments’ healthcare programs and initiatives to boost the utilization of healthcare analytics in the EMEA region.
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 5.10.1. Regulatory Framework
- 6. Healthcare Analytics Market, by Technology
- 6.1. Introduction
- 6.2. Descriptive Analytics
- 6.3. Predictive Analytics
- 6.4. Prescriptive Analytics
- 7. Healthcare Analytics Market, by Component
- 7.1. Introduction
- 7.2. Services
- 7.3. Software
- 8. Healthcare Analytics Market, by Deployment
- 8.1. Introduction
- 8.2. On-Cloud
- 8.3. On-Premise
- 9. Healthcare Analytics Market, by Application
- 9.1. Introduction
- 9.2. Clinical Analytics
- 9.3. Financial Analytics
- 9.4. Operational & Administrative Analytics
- 9.5. Population Health Analytics
- 10. Healthcare Analytics Market, by End-User
- 10.1. Introduction
- 10.2. Academic Organization
- 10.3. Biotechnology Industry
- 10.4. Healthcare Payer
- 10.5. Healthcare Provider
- 11. Americas Healthcare Analytics Market
- 11.1. Introduction
- 11.2. Argentina
- 11.3. Brazil
- 11.4. Canada
- 11.5. Mexico
- 11.6. United States
- 12. Asia-Pacific Healthcare Analytics Market
- 12.1. Introduction
- 12.2. Australia
- 12.3. China
- 12.4. India
- 12.5. Indonesia
- 12.6. Japan
- 12.7. Malaysia
- 12.8. Philippines
- 12.9. Singapore
- 12.10. South Korea
- 12.11. Taiwan
- 12.12. Thailand
- 12.13. Vietnam
- 13. Europe, Middle East & Africa Healthcare Analytics Market
- 13.1. Introduction
- 13.2. Denmark
- 13.3. Egypt
- 13.4. Finland
- 13.5. France
- 13.6. Germany
- 13.7. Israel
- 13.8. Italy
- 13.9. Netherlands
- 13.10. Nigeria
- 13.11. Norway
- 13.12. Poland
- 13.13. Qatar
- 13.14. Russia
- 13.15. Saudi Arabia
- 13.16. South Africa
- 13.17. Spain
- 13.18. Sweden
- 13.19. Switzerland
- 13.20. Turkey
- 13.21. United Arab Emirates
- 13.22. United Kingdom
- 14. Competitive Landscape
- 14.1. FPNV Positioning Matrix
- 14.2. Market Share Analysis, By Key Player
- 14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Merger & Acquisition
- 14.3.1.1. Apixio and ClaimLogiq Merge To Form a Connected Care Platform
- 14.3.2. Agreement, Collaboration, & Partnership
- 14.3.2.1. SAS and EBLA Unleash the Power of Advanced Analytics and AI in Qatar
- 14.3.2.2. Deloitte and Oracle Collaborate to Deliver Better, More Connected Health Systems
- 14.3.2.3. Epic, Microsoft partner to use generative AI for better EHRs
- 14.3.2.4. Redox and Google Cloud Partner to Accelerate Healthcare Data Interoperability
- 14.3.3. New Product Launch & Enhancement
- 14.3.3.1. Google, Mayo Clinic Launch Generative Artificial Intelligence Collab
- 14.3.3.2. Apollo Launches Next-Generation Platform for Rapid Insights in Healthcare and Life Sciences
- 14.3.3.3. Baker Tilly and MedeAnalytics Create Cost-Containment Solution for Healthcare Providers
- 14.3.4. Investment & Funding
- 14.3.4.1. ClosedLoop.ai Secures USD 11 million Series A Funding to Assist Healthcare Organizations Improve Clinical and Financial Outcome
- 14.3.4.2. Arcadia Raises USD 125 Million in New Financing from Vista Credit Partners
- 15. Competitive Portfolio
- 15.1. Key Company Profiles
- 15.1.1. Alteryx, Inc.
- 15.1.2. Apixio, Inc.
- 15.1.3. Arcadia Solutions, LLC
- 15.1.4. Athenahealth, Inc.
- 15.1.5. Cisco Systems, Inc.
- 15.1.6. CitiusTech Inc.
- 15.1.7. Clarify Health Solutions, Inc.
- 15.1.8. ClosedLoop.ai Inc.
- 15.1.9. Cloudticity, L.L.C
- 15.1.10. Cotiviti, Inc.
- 15.1.11. Epic Systems Corporation
- 15.1.12. GE HealthCare Technologies Inc.
- 15.1.13. Google LLC by Alphabet Inc.
- 15.1.14. Health Catalyst, Inc.
- 15.1.15. HealthVerity, Inc.
- 15.1.16. HOKUTO Inc.
- 15.1.17. Inovalon Holdings, Inc.
- 15.1.18. International Business Machines Corporation
- 15.1.19. IQVIA Inc.
- 15.1.20. McKesson Corporation
- 15.1.21. MedeAnalytics, Inc.
- 15.1.22. Microsoft Corporation
- 15.1.23. Optum, Inc.
- 15.1.24. Oracle Corporation
- 15.1.25. RIB Datapine GmbH
- 15.1.26. SAP SE
- 15.1.27. SAS Institute, Inc.
- 15.1.28. Veradigm LLC
- 15.1.29. Verinovum
- 15.1.30. Virgin Pulse
- 15.1.31. Wipro
- 15.2. Key Product Portfolio
- 16. Appendix
- 16.1. Discussion Guide
- 16.2. License & Pricing
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