Healthcare Analytics Market Size, Share, Opportunities, And Trends By Type (Prescriptive Analytics, Predictive Analytics, Descriptive Analytics), By Solution (Hardware, Software, Services), By Development Model (On-Premise, Cloud), By Application (Clinical Data Analytics, Financial Data Analytics, Risk Management, Others), By End-user (Healthcare Professionals, Pharmaceutical Companies, Research Organization), And By Geography - Forecasts From 2025 To 2030

Healthcare Analytics Market Size:

The Healthcare Analytics Market is expected to grow from USD 51.394 billion in 2025 to USD 146.582 billion in 2030, at a CAGR of 23.32%.

Healthcare Analytics pertains to the collection and analysis of healthcare data relating to claims and costs, pharmaceutical research and development, medical records, and patient behavior and sentiments coupled with the process of deriving insights from patterns and correlations found in healthcare big data and used to make better healthcare decisions. Healthcare analytics extends beyond data management to finding meaning in real-time or historical data and making predictions to improve the probability of success.

Factors driving the market are growing demand for better patient outcomes, availability, and accessibility of big data in healthcare, increasing government initiatives to enhance healthcare provision, Furthermore, shifting focus towards medicine customization, value-based healthcare services, and increase in the number of patients and medical records have made healthcare analytics imperative.

Healthcare Analytics Market Growth Drivers:

• Need to limit expenses and improve operational efficiencies to drive the market growth

Inclining healthcare costs attributed to a fostering arrangement of medical services benefits, the refinement of treatment, and the need to diminish expenses and improve operational efficiencies are expected to drive the market growth. As per the United States Center for Medicare and Medicaid Services, the per capita healthcare spending of the US reached $11,582 in 2019. And, National Healthcare Expenditure grew 4.6% to $3.8 trillion in 2019 and accounted for 17.7% of the Gross Domestic Product.

• Government policies, programs, and incentives to provide opportunities in the market

Healthcare analytics consistently incorporate various changes in the healthcare industry across the globe. Various government policies, programs, and incentives are being initiated by the governments of developed and emerging nations across the globe to enhance the experience in healthcare services. For instance, in 2016, the European Commission identified at that time 10 priority projects on Big Data implemented in Europe in a systematic review published. Additionally, the European Union developed a project called “Bigmedilytics” in 2018 regarding the reduction of cost, better improvement of patients, and better access to health networks. It also develops the best “Big Data technology and Healthcare policy” practices related to big data technologies, new business models, and European and national healthcare data policies and regulations.

Healthcare Analytics Market Segmentation Analysis:

• Technological advancements and expanding interest of investors to grow market share

Additionally, the expanding amount of complex data because of the progress from paper-bound to electronic medical accounts and its capacity to improve specialists’ practice will encourage market share. Moreover, technological advancements and expanding interest of investors in healthcare analytical tools are other preferred factors that help the market propel.

• Insufficient skilled personnel to restrain the market growth

Notwithstanding, information stockpiling and analyzing the raw information requires an appropriately trained workforce. There is an expanding expertise gap that is going about as a hindrance to the healthcare sector. The absence of wide abilities, information, mastery, and experience needed to work in the data analytics field is a critical concern for the healthcare analytics market. As a result, the Indian government has promised to set up an institute of Big data and analytics with an aim to skilled personnel and improve public healthcare.

Healthcare Analytics Market Geographical Outlook:

Geographically, North America is expected to witness the highest market growth over the projected period owing to advanced Information and Communication Technology and the presence of large IT firms, followed by Europe. In June 2021, EXL, an American multinational services company involved in operations management and analytics, announced the launch of new Integrated Revenue Management Solutions from its EXL Health division. EXL Health has entered a partnership with REVELOHEALTH, a contributor of solutions aimed at converting healthcare data into actionable information.

Healthcare Analytics Market Segmentation:

• By Type
  • Prescriptive Analytics
  • Predictive Analytics
  • Descriptive Analytics
• By Solution
  • Hardware
  • Software
  • Services
• By Deployment Model
  • On-Premise
  • Cloud-Based
  • Hybrid
• By Application
  • Clinical Data Analytics
  • Financial Data Analytics
  • Risk Management
  • Population Health Management
  • Others
• By End-User
  • Healthcare Professionals
  • Pharmaceutical Companies
  • Research Organization
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Others

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. HEALTHCARE ANALYTICS MARKET BY TYPE

5.1. Introduction

5.2. Prescriptive Analytics

5.3. Predictive Analytics

5.4. Descriptive Analytics

6. HEALTHCARE ANALYTICS MARKET BY SOLUTION

6.1. Introduction

6.2. Hardware

6.3. Software

6.4. Services

7. HEALTHCARE ANALYTICS MARKET BY DEPLOYMENT MODEL

7.1. Introduction

7.2. On-Premise

7.3. Cloud-Based

7.4. Hybrid

8. HEALTHCARE ANALYTICS MARKET BY APPLICATION

8.1. Introduction

8.2. Clinical Data Analytics

8.3. Financial Data Analytics

8.4. Risk Management

8.5. Population Health Management

8.6. Others

9. HEALTHCARE ANALYTICS MARKET BY END-USER

9.1. Introduction

9.2. Healthcare Professionals

9.3. Pharmaceutical Companies

9.4. Research Organization

9.5. Others

10. HEALTHCARE ANALYTICS MARKET BY GEOGRAPHY

10.1. Introduction

10.2. North America

10.2.1. By Type

10.2.2. By Solution

10.2.3. By Deployment Model

10.2.4. By Application

10.2.5. By End-User

10.2.6. By Country

10.2.6.1. USA

10.2.6.2. Canada

10.2.6.3. Mexico

10.3. South America

10.3.1. By Type

10.3.2. By Solution

10.3.3. By Deployment Model

10.3.4. By Application

10.3.5. By End-User

10.3.6. By Country

10.3.6.1. Brazil

10.3.6.2. Argentina

10.3.6.3. Others

10.4. Europe

10.4.1. By Type

10.4.2. By Solution

10.4.3. By Deployment Model

10.4.4. By Application

10.4.5. By End-User

10.4.6. By Country

10.4.6.1. United Kingdom

10.4.6.2. Germany

10.4.6.3. France

10.4.6.4. Spain

10.4.6.5. Others

10.5. Middle East and Africa

10.5.1. By Type

10.5.2. By Solution

10.5.3. By Deployment Model

10.5.4. By Application

10.5.5. By End-User

10.5.6. By Country

10.5.6.1. Saudi Arabia

10.5.6.2. UAE

10.5.6.3. Others

10.6. Asia Pacific

10.6.1. By Type

10.6.2. By Solution

10.6.3. By Deployment Model

10.6.4. By Application

10.6.5. By End-User

10.6.6. By Country

10.6.6.1. China

10.6.6.2. Japan

10.6.6.3. India

10.6.6.4. South Korea

10.6.6.5. Taiwan

10.6.6.6. Others

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Market Share Analysis

11.3. Mergers, Acquisitions, Agreements, and Collaborations

11.4. Competitive Dashboard

12. COMPANY PROFILES

12.1. IBM Corporation

12.2. Oracle

12.3. Optum, Inc.

12.4. SAS Institute Inc.

12.5. Health Catalyst

12.6. MedeAnalytics

12.7. McKesson Corporation

12.8. Inovalon

13. APPENDIX

13.1. Currency

13.2. Assumptions

13.3. Base and Forecast Years Timeline

13.4. Key benefits for the stakeholders

13.5. Research Methodology 

13.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

IBM Corporation

Oracle

Optum, Inc.

SAS Institute Inc.

Health Catalyst

MedeAnalytics

McKesson Corporation

Inovalon