Healthcare Analytics Market Research Report Information By Type (Predictive, Cognitive), Component (Software, Services), Delivery Model (On-Premise), Application (Financial Analytics, Clinical Analytics), End User (Payers, Hospitals)- Forecast till 2030
According to MRFR analysis, the global healthcare analytics market is expected to register a CAGR of ~14.20% from 2022 to 2030 and hold a value of over USD 37 billion by 2030.
The healthcare analytics market refers to the use of data analytics tools and techniques to derive insights and improve healthcare outcomes. This involves the collection, analysis, and interpretation of data from various sources, such as electronic health records (EHRs), medical devices, and patient-generated data. Healthcare analytics can help healthcare organizations and providers make more informed decisions, improve patient care, reduce costs, and enhance operational efficiency.
The COVID-19 pandemic has had a significant impact on the healthcare analytics market. The pandemic has highlighted the importance of data analytics in managing public health crises and improving patient outcomes. Healthcare organizations and providers have increasingly relied on data analytics to track the spread of the virus, predict future outbreaks, and develop effective treatment and prevention strategies. The pandemic has also accelerated the adoption of telemedicine and virtual care, which generate large amounts of data that can be analyzed to improve healthcare outcomes.
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Market Segmentation
The Global healthcare analytics market has been segmented into based on type, component, delivery model, application and end-user.
By Type: Predictive and Cognitive
By Component: Software and Services
By Delivery Model: On-Premise
By Application: Financial Analytics and Clinical Analytics
By End User: Payers and Hospitals
Keyplayers
Some of the top key market players are MCKESSON, CERNER CORPORATION, GE HEALTHCARE, COGNIZANT, EPIC SYSTEM CORPORATION, DELL, PHILIPS, OPTUM, SIEMENS and XEROX
Regional Analysis
In terms of regional analysis, North America is the largest market for healthcare analytics, due to the presence of a large number of healthcare organizations, advanced healthcare IT infrastructure, and favorable government policies. Europe and Asia-Pacific are also significant markets for healthcare analytics, driven by increasing adoption of digital technologies, rising healthcare expenditure, and growing demand for personalized medicine. Other regions, such as Latin America, the Middle East, and Africa, are expected to witness significant growth in the coming years, driven by increasing investments in healthcare IT infrastructure and rising demand for advanced healthcare analytics solutions.
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