Healthcare Analytics Market is valued at USD 29.54 Billion in 2021 and expected to reach USD 162.69 Billion by 2028 with a CAGR of 27.6% over the forecast period.
Increasing adoption of big data in healthcare organizations, rising popularity of personalized medicine, and growing adoption of healthcare analytics are some of the major factors driving the growth of the Global Healthcare Analytics Market.
Scope of Global Healthcare Analytics Market Report-
Healthcare analytics is defined as the effective use of data and related business insights that are generated through predictive, comparative, qualitative, cognitive, and other predictive analytics models. There are four types of healthcare analytics these are cognitive analytics, descriptive analytics, prescriptive analytics, and predictive analytics. Healthcare analytics software and services enable understanding and revealing factors such as future forecasting, and historical data patterns, and provide actionable insights to lead information-based decision-making to improve the financial, and operational performance of healthcare facilities. Healthcare analytics solutions use vast amounts of collected data to offer organizations actionable insights.
Healthcare Analytics Market Key Players
- SAS Institute
- Health Catalyst
- SCIO Health Analytics
Global Healthcare Analytics Market Segmentation:-
- Cognitive Analytics
- Descriptive Analytics
- Prescriptive Analytics
- Predictive Analytics
By Deployment Model
- Operation & Administrative Analytics
- Clinical Analytics
- Population Health
- Financial Analytics
- Healthcare Payers
- Life Science Companies
PINC AI Launched INsights, an Enhanced Technology Offering for Customized, On-Demand Healthcare Analytics
On January 19th, 2022; PINC AI, Premier, Inc’s technology and services platform, launched INsights, an enhanced self-service healthcare solution for creating customized, on-demand analytics. INsights are a vendor-agnostic analytics platform that accesses PINC AI’s pure, standardized and risk-adjusted healthcare data, including all U.S. Covers more than 45 percent of hospital inpatient discharges. INsights users leverage pre-developed analytics developed by PINC AI, as well as conduct customized data queries and visualizations using PINC AI or their own data sources.
Amazon Launched Service for Big Data Analytics in Healthcare
On December 10th, 2020; Amazon Web Services (AWS) announced Amazon HealthLake, a HIPAA-eligible service that aims to support interoperability standards and further drive the use of big data analytics in healthcare. Amazon HealthLake aimed to collect an organization’s complete data across different siloes and varying formats into a centralized data lake, automatically standardizing the data using machine learning techniques. The service allows organizations to store, tag, index, standardize, query, and apply machine learning techniques to analyze data in the cloud.
Increasing Adoption of Big Data in Healthcare Organizations, Rising Popularity of Personalized Medicine, and Growing Adoption of Healthcare Analytics are the Major Factors Driving the Market Growth
One of the major factors driving the growth of the healthcare analytics market is the increasing adoption of big data in healthcare organizations. Increasing adoption of big data among healthcare organizations to combat various risks associated with various chronic diseases drives the growth of the market. In addition, increasing adoption of telemedicine solutions across various enterprises to reduce operational costs and improve the quality of services is driving the market growth. Moreover, big data also helps to store critical patient information that can be used to improve clinical outcomes for organizations.
North America Holds a Major Share in the Global Healthcare Analytics Market
Geographically, North America holds a major share in the global healthcare analytics market within the forecast period due to the increasing geriatric population, rising prevalence of chronic diseases, and technological advancements in this field in this region. The increasing geriatric population is driving the growth of the healthcare analytics market.
The Asia Pacific is the fastest-growing region in the global healthcare analytics market due to increasing awareness about healthcare analytics, rising population, and advancements in the industry in this region.
By Region Analysis
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
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Table of Content
Chapter 1 – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
Chapter 2 – Global Healthcare Analytics Market Overview
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Healthcare Analytics Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Healthcare Analytics Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
Chapter 3 – Global Healthcare Analytics Market Overview
Chapter 4 – Global Healthcare Analytics Market Analysis: Segmentation By Types
This comprehensive report will provide:
- Enhance your strategic decision making
- Assist with your research, presentations, and business plans
- Show which emerging market opportunities to focus on
- Increase your industry knowledge
- Keep you up-to-date with crucial market developments
- Allow you to develop informed growth strategies
- Build your technical insight
- Illustrate trends to exploit
- Strengthen your analysis of competitors
- Provide risk analysis, helping you avoid the pitfalls other companies could make
- Ultimately, help you to maximize profitability for your company.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of the market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are the main factors responsible for new product launches?
- How big are the global & regional markets in terms of revenue, sales, and production?
- How far will the market grow in the forecast period in terms of revenue, sales, and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
Key Benefits of Global Healthcare Analytics Market Report–
- Global Healthcare Analytics Market report covers in-depth historical and forecast analysis
- Global Healthcare Analytics Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
- Global Healthcare Analytics Market report helps to identify opportunities in marketplace.
- Global Healthcare Analytics Market report covers extensive analysis of emerging trends and competitive landscape.
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