Healthcare Analytics Market expected to grow at a CAGR of 22% reaching USD 118.55 billion by 2030

healthcare_analytics_industry

𝐆𝐥𝐨𝐛𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞 – IBM (US), Optum (US), Cerner (US), SAS Institute (US)

LUTON, BEDFORDSHIRE, UNITED KINGDOM, September 3, 2024 /EINPresswire.com/ — latest recently released a research report titled global Healthcare Analytics Market insight, forecast to 2030, The key factors driving the market growth are the rising need for data-driven decision-making, the mounting pressure to lower healthcare costs, the focus on population health management, the developments in big data and cloud technologies, the need to comply with quality reporting requirements and regulations, the growing use of electronic health records (EHRs), and technological advancements in artificial intelligence (AI) and machine learning (ML).

The global healthcare analytics market is expected to grow at a 22% CAGR from 2024 to 2030. It is expected to reach above USD 118.55 billion by 2030 from USD 19.8 billion in 2020.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 @:

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

IBM (US), Optum (US), Cerner (US), SAS Institute (US), Allscripts (US), McKesson (US), MedeAnalytics (US), Inovalon (US), Oracle (US), Health Catalyst (US), SCIO Health Analytics (US), Cotiviti (formerly Verscend Technologies) (US), CitiusTech (US), Wipro (India), and VitreosHealth (US) among others.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:

In June 2022, Oracle Corporation announced the acquisition of Cerner Corporation. This acquisition aims to combine Cerner’s clinical capabilities with Oracle’s expertise in enterprise platform analytics and automation. By integrating these strengths, the merged entity can offer advanced solutions to the healthcare industry, enabling better patient care, streamlined operations, and improved data analytics and insights.

In January 2022, IBM and Francisco Partners reached an agreement in which Francisco Partners would acquire the healthcare data and analytics assets from IBM’s Watson Health business. This transaction allows Francisco Partners to take over IBM’s healthcare data and analytics portfolio, further developing and expanding these assets. The acquisition presents new opportunities for Francisco Partners to leverage the acquired technologies and solutions to enhance healthcare data analysis and insights.

𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲: 𝐔𝐬𝐞 𝐨𝐟 𝐚𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐢𝐧 𝐩𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐬𝐞𝐝 𝐦𝐞𝐝𝐢𝐜𝐢𝐧𝐞𝐬

Healthcare analytics is witnessing tremendous growth due to the application of analytics in personalised and precision medicine. A new kind of medicine called precision medicine focuses on the unique patient, taking into consideration personal traits like genetics, lifestyle, environment, and past. Precision medicine is able to better treat patients by customizing their care and offering safer and more effective treatments. Patients benefit from better results as a result, while healthcare providers save money. Precision and personalized medicine are being informed by healthcare analytics, which uses patient data analysis to comprehend specific patient records.

𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭:

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

Strong healthcare analytics are becoming increasingly necessary as the number of Health Tech businesses in India’s healthcare industry has grown exponentially. These creative entrepreneurs are committed to maximizing the potential of data and technology to enhance health outcomes and expedite the delivery of healthcare. These firms employ state-of-the-art technology like artificial intelligence, machine learning, big data, and other new tools to acquire, analyze, and understand enormous amounts of health-related data.

These firms’ data-driven strategies are revolutionizing the healthcare industry by improving patient care through more precise diagnosis and individualized treatment programs. The need for healthcare analytics in India is rising at an unprecedented rate as the number of these firms keeps rising.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐓𝐲𝐩𝐞, 𝟐𝟎𝟐𝟎-𝟐𝟎𝟐𝟗, (𝐔𝐒𝐃 𝐌𝐢𝐥𝐥𝐢𝐨𝐧)

Descriptive Analytics

Predictive Analytics

Prescriptive Analytics

Cognitive Analytics

𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝟐𝟎𝟐𝟎-𝟐𝟎𝟐𝟗, (𝐔𝐒𝐃 𝐌𝐢𝐥𝐥𝐢𝐨𝐧)

Clinical Analytics

Financial Analytics

Operation And Administrative Analytics

Population Health

𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭, 𝟐𝟎𝟐𝟎-𝟐𝟎𝟐𝟗, (𝐔𝐒𝐃 𝐌𝐢𝐥𝐥𝐢𝐨𝐧)

Services

Hardware

Software

𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐃𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐌𝐨𝐝𝐞𝐥, 𝟐𝟎𝟐𝟎-𝟐𝟎𝟐𝟗, (𝐔𝐒𝐃 𝐌𝐢𝐥𝐥𝐢𝐨𝐧)

On-Premise

On-Demand

Healthcare Analytics Market by End-Use, 2020-2029, (USD Million)

Payers

Providers

ACOS, HIES, MCOS And TPAS

𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚

The global market was controlled by North America. This is explained by the region’s cutting-edge medical facilities and the uptake of cutting-edge technology platforms, both of which have fueled market expansion. Hospitals and other businesses must use analytics tools due to the rising number of elderly people and the burden of chronic illnesses. The region’s high revenue share has also been significantly influenced by the existence of major competitors in the market. The industry’s expansion in North America has also been aided by Microsoft’s introduction of Microsoft Cloud for Healthcare, which attempts to make it easier for patients and clinicians to collaborate and obtain better insights into patient care.

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜

It is anticipated that the Asia Pacific area will grow at the quickest rate. The market has expanded quickly due to the region’s quick development, expanding population, and rising purchasing power. Its growth has also been significantly influenced by the region’s healthcare business, which has experienced substantial expansion and advancement. The region’s adoption rates of analytics tools have increased as a result of consumers’ and healthcare providers’ growing reliance on IT. For instance, Australian start-up Prospection is working with global pharmaceutical clients to create novel medicines for the Japanese people. The company just established an office in Japan.

𝐑𝐞𝐚𝐝 𝐎𝐮𝐫 𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Eye Tracking Market-

The eye tracking market is expected to grow at 27.4% CAGR from 2020 to 2029. It is expected to reach above USD 4951 million by 2029 from USD 560 million in 2020.

Syringe Market-

The Global Syringe Market is anticipated to grow from USD 16.89 Billion in 2023 to USD 30.90 Billion by 2030, at a CAGR of 12 % during the forecast period.

Continuous Renal Replacement Therapy Market-

The global continuous renal replacement therapy market is expected to grow at 7.35% CAGR from 2022 to 2029. It is expected to reach above 2.10 USD billion by 2029 from 1.13 USD billion in 2020.

Healthcare Payer Services Market-

The global healthcare payer services market is expected to grow at 10% CAGR from 2023 to 2029. It is expected to reach above USD49.75 billion by 2029 from USD 21.1 billion in 2022.

Animal Vaccination Market-

The global animal vaccination market size is projected to grow from USD 11.38 billion in 2023 to USD 17.68 billion by 2030, exhibiting a CAGR of 6.5% during the forecast period.

Medical Imaging Market-

The global medical imaging market is expected to grow at a 5.85% CAGR from 2022 to 2029. It is expected to reach above 62.42 USD billion by 2029 from 38.50 USD billion in 2022.

Interventional Radiology Imaging Market-

The market for interventional radiology imaging is expected to grow at a 7% CAGR between 2021 and 2029. It is expected to exceed USD 4261 billion by 2029, up from USD 24.80 billion in 2021.

Pulse Oximeter Market-

The global pulse oximeter market will witness a CAGR of 9.3% for the forecast period of 2022-2029. It is expected to reach above USD 5.01 Billion by 2029 from USD 2.25 Billion in 2020.

Chemotherapy Induced Nausea and Vomiting (CINV) Drugs Market-

The global Chemotherapy Induced Nausea and Vomiting (CINV) Drugs Market size is projected to grow from USD 6.04 billion in 2023 to USD 9.08 billion by 2030, exhibiting a CAGR of 6% during the forecast period.

Membrane Chromatography Market-

The global Membrane Chromatography Market is expected to grow at 16% CAGR from 2023 to 2030. It is expected to reach above USD 856.97 million by 2030 from USD 303.2 million in 2023.

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𝐓𝐡𝐚𝐧𝐤𝐬 𝐟𝐨𝐫 𝐫𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐚𝐫𝐭𝐢𝐜𝐥𝐞…!! 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐚𝐥𝐬𝐨 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐠𝐞𝐭 𝐬𝐞𝐥𝐞𝐜𝐭 𝐜𝐡𝐚𝐩𝐭𝐞𝐫𝐬 𝐨𝐫 𝐫𝐞𝐠𝐢𝐨𝐧-𝐰𝐢𝐬𝐞 𝐜𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐰𝐢𝐭𝐡 𝐫𝐞𝐠𝐢𝐨𝐧𝐬 𝐬𝐮𝐜𝐡 𝐚𝐬 𝐀𝐬𝐢𝐚, 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚, 𝐚𝐧𝐝 𝐄𝐮𝐫𝐨𝐩𝐞.

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