Healthcare Analytics Market Forecasts to 2028 – Global Analysis By Type (Predictive, Cognitive), Component (Services, Software), Application (Financial Analytics, Administrative Analytics) and By Geography
According to Stratistics MRC, the Global Healthcare Analytics Market is accounted for $23.60 billion in 2020 and is expected to reach $114.31 billion by 2028 growing at a CAGR of 21.8% during the forecast period. Government initiatives to increase EHR adoption, growing venture capital investments and growing focus on real-world evidence are driving the market growth. However, high cost of analytics solutions and lack of skilled workforce are hampering the growth of the market.
Healthcare analytics provide real-time data that can help decide the course of future treatment of the patient and allows healthcare professionals to find opportunities to improve operations, patient engagement, care delivery, and clinical outcomes. Healthcare analytics solutions use vast amounts of collected data to provide organizations with actionable insights.
Based on the type, the descriptive analytics segment is going to have lucrative growth during the forecast period owing to the rising demand based on historic trends and datasets to acquire data-enriched insights to help businesses understand the current scenario more accurately. By geography, Asia Pacific is going to have high growth during the forecast period due to the growing e-health initiatives in developing nations of Asia-Pacific. Moreover, the adoption of advanced analytical solutions and the emergence of start-ups are boosting the growth and development of the market in the region.
Some of the key players profiled in the Healthcare Analytics Market include IBM, SCIO Health Analytics, Oracle, Health Catalyst, Wipro, VitreosHealth, McKesson Corporation, Medeanalytics, Inc., Optum, Inc., Cerner Corporation, Allscripts Healthcare Solutions, Inc., Verisk Analytics, Inc., IQVIA and SAS Institute Inc.
Types Covered:
• Predictive Analytics
• Cognitive Analytics
• Descriptive Analytics
• Prescriptive Analytics
Components Covered:
• Services
• Software
• Hardware
Applications Covered:
• Population Health Analytics
• Clinical Analytics
• Financial Analytics
• Operation and Administrative Analytics
Mode of Deliveries Covered:
• On-Premise
• Cloud Based
• Web Hosted
• On-Demand
End Users Covered:
• Academic Organizations
• Cross Industry
• Pharmaceutical Industry
• Life Science Companies
• Healthcare Providers
• Biotechnology Industry
• Accountable Care Organizations (ACOs), Health Information Exchanges (HIEs), Managed Care Organizations (MCOs), and Third-Party Administrators (TPAs)
• Electronic Medical Record (EMR) & Electronic Health Record (EHR) Vendors
• Healthcare Payers
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Healthcare Analytics Market, By Type
5.1 Introduction
5.2 Predictive Analytics
5.3 Cognitive Analytics
5.4 Descriptive Analytics
5.5 Prescriptive Analytics
6 Global Healthcare Analytics Market, By Component
6.1 Introduction
6.2 Services
6.2.1 Business Analytics Services
6.2.2 Support Services
6.3 Software
6.4 Hardware
7 Global Healthcare Analytics Market, By Application
7.1 Introduction
7.2 Population Health Analytics
7.3 Clinical Analytics
7.3.1 Precision Health
7.3.2 Clinical Decision Support (CDS)
7.3.3 Comparative Analytics/Effectiveness
7.3.4 Reporting & Compliance
7.3.5 Medical Imaging Analytics
7.3.6 Quality Improvement & Clinical Benchmarking
7.4 Financial Analytics
7.4.1 Payment Integrity & Fraud, Waste, and Abuse (FWA)
7.4.2 Claims Processing
7.4.3 Risk Adjustment & Assessment
7.4.4 Revenue Cycle Management (RCM)
7.5 Operation and Administrative Analytics
7.5.1 Workforce Analytics
7.5.2 Supply Chain Analytics
7.5.3 Strategic Analytics
8 Global Healthcare Analytics Market, By Mode of Delivery
8.1 Introduction
8.2 On-Premise
8.3 Cloud Based
8.4 Web Hosted
8.5 On-Demand
9 Global Healthcare Analytics Market, By End User
9.1 Introduction
9.2 Academic Organizations
9.3 Cross Industry
9.4 Pharmaceutical Industry
9.5 Life Science Companies
9.6 Healthcare Providers
9.6.1 Ambulatory Settings
9.6.2 Post-Acute Care Organizations (PACOs)
9.6.3 Hospitals & Clinics, Physician Practices, and Integrated Delivery Networks (IDNs)
9.7 Biotechnology Industry
9.8 Accountable Care Organizations (ACOs), Health Information Exchanges (HIEs), Managed Care Organizations (MCOs), and Third-Party Administrators (TPAs)
9.9 Electronic Medical Record (EMR) & Electronic Health Record (EHR) Vendors
9.10 Healthcare Payers
9.10.1 Employers and Private Exchanges
9.10.2 Government Agencies
9.10.3 Private Insurance Companies
10 Global Healthcare Analytics Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 IBM
12.2 SCIO Health Analytics
12.3 Oracle
12.4 Health Catalyst
12.5 Wipro
12.6 VitreosHealth
12.7 McKesson Corporation
12.8 Medeanalytics, Inc.
12.9 Optum, Inc.
12.10 Cerner Corporation
12.11 Allscripts Healthcare Solutions, Inc.
12.12 Verisk Analytics, Inc.
12.13 IQVIA
12.14 SAS Institute Inc.
List of Tables
1 Global Healthcare Analytics Market Outlook, By Region (2019-2028) ($MN)
2 Global Healthcare Analytics Market Outlook, By Type (2019-2028) ($MN)
3 Global Healthcare Analytics Market Outlook, By Predictive Analytics (2019-2028) ($MN)
4 Global Healthcare Analytics Market Outlook, By Cognitive Analytics (2019-2028) ($MN)
5 Global Healthcare Analytics Market Outlook, By Descriptive Analytics (2019-2028) ($MN)
6 Global Healthcare Analytics Market Outlook, By Prescriptive Analytics (2019-2028) ($MN)
7 Global Healthcare Analytics Market Outlook, By Component (2019-2028) ($MN)
8 Global Healthcare Analytics Market Outlook, By Services (2019-2028) ($MN)
9 Global Healthcare Analytics Market Outlook, By Business Analytics Services (2019-2028) ($MN)
10 Global Healthcare Analytics Market Outlook, By Support Services (2019-2028) ($MN)
11 Global Healthcare Analytics Market Outlook, By Software (2019-2028) ($MN)
12 Global Healthcare Analytics Market Outlook, By Hardware (2019-2028) ($MN)
13 Global Healthcare Analytics Market Outlook, By Application (2019-2028) ($MN)
14 Global Healthcare Analytics Market Outlook, By Population Health Analytics (2019-2028) ($MN)
15 Global Healthcare Analytics Market Outlook, By Clinical Analytics (2019-2028) ($MN)
16 Global Healthcare Analytics Market Outlook, By Precision Health (2019-2028) ($MN)
17 Global Healthcare Analytics Market Outlook, By Clinical Decision Support (CDS) (2019-2028) ($MN)
18 Global Healthcare Analytics Market Outlook, By Comparative Analytics/Effectiveness (2019-2028) ($MN)
19 Global Healthcare Analytics Market Outlook, By Reporting & Compliance (2019-2028) ($MN)
20 Global Healthcare Analytics Market Outlook, By Medical Imaging Analytics (2019-2028) ($MN)
21 Global Healthcare Analytics Market Outlook, By Quality Improvement & Clinical Benchmarking (2019-2028) ($MN)
22 Global Healthcare Analytics Market Outlook, By Financial Analytics (2019-2028) ($MN)
23 Global Healthcare Analytics Market Outlook, By Payment Integrity & Fraud, Waste, and Abuse (FWA) (2019-2028) ($MN)
24 Global Healthcare Analytics Market Outlook, By Claims Processing (2019-2028) ($MN)
25 Global Healthcare Analytics Market Outlook, By Risk Adjustment & Assessment (2019-2028) ($MN)
26 Global Healthcare Analytics Market Outlook, By Revenue Cycle Management (RCM) (2019-2028) ($MN)
27 Global Healthcare Analytics Market Outlook, By Operation and Administrative Analytics (2019-2028) ($MN)
28 Global Healthcare Analytics Market Outlook, By Workforce Analytics (2019-2028) ($MN)
29 Global Healthcare Analytics Market Outlook, By Supply Chain Analytics (2019-2028) ($MN)
30 Global Healthcare Analytics Market Outlook, By Strategic Analytics (2019-2028) ($MN)
31 Global Healthcare Analytics Market Outlook, By Mode of Delivery (2019-2028) ($MN)
32 Global Healthcare Analytics Market Outlook, By On-Premise (2019-2028) ($MN)
33 Global Healthcare Analytics Market Outlook, By Cloud Based (2019-2028) ($MN)
34 Global Healthcare Analytics Market Outlook, By Web Hosted (2019-2028) ($MN)
35 Global Healthcare Analytics Market Outlook, By On-Demand (2019-2028) ($MN)
36 Global Healthcare Analytics Market Outlook, By End User (2019-2028) ($MN)
37 Global Healthcare Analytics Market Outlook, By Academic Organizations (2019-2028) ($MN)
38 Global Healthcare Analytics Market Outlook, By Cross Industry (2019-2028) ($MN)
39 Global Healthcare Analytics Market Outlook, By Pharmaceutical Industry (2019-2028) ($MN)
40 Global Healthcare Analytics Market Outlook, By Life Science Companies (2019-2028) ($MN)
41 Global Healthcare Analytics Market Outlook, By Healthcare Providers (2019-2028) ($MN)
42 Global Healthcare Analytics Market Outlook, By Ambulatory Settings (2019-2028) ($MN)
43 Global Healthcare Analytics Market Outlook, By Post-Acute Care Organizations (PACOs) (2019-2028) ($MN)
44 Global Healthcare Analytics Market Outlook, By Hospitals & Clinics, Physician Practices, and Integrated Delivery Networks (IDNs) (2019-2028) ($MN)
45 Global Healthcare Analytics Market Outlook, By Biotechnology Industry (2019-2028) ($MN)
46 Global Healthcare Analytics Market Outlook, By Accountable Care Organizations (ACOs), Health Information Exchanges (HIEs), Managed Care Organizations (MCOs), and Third-Party Administrators (TPAs) (2019-2028) ($MN)
47 Global Healthcare Analytics Market Outlook, By Electronic Medical Record (EMR) & Electronic Health Record (EHR) Vendors (2019-2028) ($MN)
48 Global Healthcare Analytics Market Outlook, By Healthcare Payers (2019-2028) ($MN)
49 Global Healthcare Analytics Market Outlook, By Employers and Private Exchanges (2019-2028) ($MN)
50 Global Healthcare Analytics Market Outlook, By Government Agencies (2019-2028) ($MN)
51 Global Healthcare Analytics Market Outlook, By Private Insurance Companies (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.