North America Healthcare Analytics Market Forecast 2022-2030
KEY FINDINGS
The North America healthcare analytics market is anticipated to register a CAGR of 25.39% over the estimated period of 2022 to 2030. The market growth of the region is ascribed to key factors such as the development of product portfolios through the use of machine learning and artificial intelligence, the well-established presence of big data firms, and the growth in several end-users such as physician practices as well as hospitals.
MARKET INSIGHTS
The North America healthcare analytics market growth study constitutes the analysis of Canada and the United States. The rise in the adoption of EHRs across numerous organizations for enhancing documentation accuracy as well as tracking and implementing preventative measures in healthcare organizations plays an essential role in fueling the market growth in Canada. In 2022, Imagia Cybernetics, an AI-healthcare firm headquartered in Canada, merged with Canexia Health. The cohesive solution leverages AI-based informatics across key avenues such as patient monitoring, in addition to treatment selection. Furthermore, it also provides clinical labs with the necessary support to bring testing in-house.
On the other hand, the growing adoption of big data in healthcare organizations for the purpose of dealing with numerous risks associated with chronic conditions is integral to the country’s market growth, as well. Therefore, the aforementioned factors are expected to augment the healthcare analytics market growth in Canada during the forecasting years.
COMPETITIVE INSIGHTS
Some of the leading players in the market include SAS Institute, Oracle, IBM Corporation, CVS Health, etc.
Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation cater to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Increased Demand For Big Data
- 3.1.2. Increasing Adoption Of Ehr In Developing And Developed Countries
- 3.1.3. Technology Reduces Healthcare Costs
- 3.2. Key Restraints
- 3.2.1. Increasing Number Of Data Breaches
- 3.2.2. High Implementation Costs
- 3.2.3. Technology-challenged Users
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On The Healthcare Analytics Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Key Buying Criteria
- 4.6.1. Quality Of Reporting
- 4.6.2. Software Must Be Patient-focused
- 4.6.3. Data Collection And Analytics Tool
- 4.6.4. Cost-effectiveness
- 4.7. Value Chain Analysis
- 5. Market By Type
- 5.1. Descriptive Analytics
- 5.2. Predictive Analytics
- 5.3. Prescriptive Analytics
- 6. Market By Delivery Mode
- 6.1. On-premise
- 6.2. On-demand
- 7. Market By Component
- 7.1. Services
- 7.2. Software
- 7.3. Hardware
- 8. Market By Application
- 8.1. Financial Analytics
- 8.2. Clinical Analytics
- 8.3. Operational And Administrative Analytics
- 8.4. Population Health Analytics
- 9. Market By End-user
- 9.1. Payer
- 9.2. Provider
- 9.3. Acos, Hies, Mcos, And Tpas
- 10. Geographical Analysis
- 10.1. North America
- 10.1.1. Market Size & Estimates
- 10.1.2. Key Growth Enablers
- 10.1.3. Key Challenges
- 10.1.4. Key Players
- 10.1.5. Country Analysis
- 10.1.5.1. United States
- 10.1.5.2. Canada
- 11. Competitive Landscape
- 11.1. Key Strategic Developments
- 11.1.1. Mergers & Acquisitions
- 11.1.2. Product Launches & Developments
- 11.1.3. Partnerships & Agreements
- 11.2. Company Profiles
- 11.2.1. Allscripts
- 11.2.2. Cerner
- 11.2.3. Cvs Health
- 11.2.4. Elsevier
- 11.2.5. Health Catalyst
- 11.2.6. Hms (Vitreoshealth)
- 11.2.7. Ibm Corporation
- 11.2.8. Inovalon
- 11.2.9. Iqvia
- 11.2.10. Mckesson
- 11.2.11. Medeanalytics
- 11.2.12. Optum
- 11.2.13. Oracle
- 11.2.14. Sas Institute
- 11.2.15. Verisk Analytics Inc
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