Healthcare Analytics Market Research Report: By Type (Predictive, Cognitive), Component (Software, Services), Delivery Model (On-Premise), Application (Financial Analytics, Clinical Analytics), End User (Payers, Hospitals)- Forecast till 2030

The Healthcare Analytics Market is expected to reach USD 36.65 billion by 2030 at CAGR 14.20% during the forecast period 2022-2030. The primary factors influencing market development are increased data innovation in medical care, improved therapy plans developed in collaboration with drug associations, increased accessibility of low-cost innovation, and increased use of EHR.

Healthcare Analytics Market refers to the industry that involves the use of data, statistical algorithms and technology to gain insights and improve decision making in the healthcare industry. This market includes a range of solutions and services such as clinical data analytics, financial analytics, operational analytics, and others that help healthcare organizations to effectively manage and analyze large amounts of data from various sources such as electronic health records, claims data, patient surveys, and others. The healthcare analytics market is growing rapidly due to the increasing demand for data-driven decision making in the healthcare industry and the growing need to improve patient outcomes and reduce costs.

The COVID-19 pandemic has had a significant impact on the Healthcare Analytics Market. The pandemic has increased the demand for advanced healthcare analytics solutions as healthcare organizations around the world have been struggling to manage the large amounts of data generated by the pandemic.

The pandemic has led to a rapid increase in the adoption of electronic health records as healthcare organizations have been looking for ways to efficiently manage patient data and reduce the risk of spreading the virus.

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Market Segmentation

The healthcare analytics market has been segmented into type, component, application and end-user.

Based on the type, the market has been segmented into Predictive and Cognitive.

Based on the component, the market has been segmented into Software.

Based on the application, the market has been segmented into Financial Analytics and Clinical Analytics.

Based on the end-user, the market has been segmented into Payers and Hospitals.

Healthcare Analytics Market Key Players

Some of the key market players are:

  • MCKESSON
  • CERNER CORPORATION
  • GE HEALTHCARE
  • COGNIZANT
  • EPIC SYSTEM CORPORATION
  • DELL
  • PHILIPS
  • OPTUM
  • SIEMENS
  • XEROX

Regional Analysis

North America is the largest region in the Healthcare Analytics Market. The region has a well-established healthcare system, a large number of healthcare providers and payers, and a favorable regulatory environment that supports the adoption of healthcare analytics solutions. Additionally, the presence of leading healthcare analytics solution providers and a high degree of healthcare IT adoption has also contributed to the market growth of the Healthcare Analytics in North America.

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It’s worth mentioning that the market is rapidly growing in other regions as well, such as Europe and Asia-Pacific, as healthcare organizations in these regions also recognize the value of data-driven decision making in improving patient outcomes and reducing costs.

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