Healthcare Analytics

World Market Report

MCP12305

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DATE

OCT 2022

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68

PAGES

426

EDITION

12

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USD 5450

CODE

MCP12305


COMPETITIVE METRICS

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Global Healthcare Analytics Market to Reach $102.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Healthcare Analytics estimated at US$23.2 Billion in the year 2020, is projected to reach a revised size of US$102.2 Billion by 2027, growing at a CAGR of 23.6% over the analysis period 2020-2027. Descriptive Analytics, one of the segments analyzed in the report, is projected to record a 20.2% CAGR and reach US$44.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Predictive Analytics segment is readjusted to a revised 26.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $9.6 Billion, While China is Forecast to Grow at 28.2% CAGR
The Healthcare Analytics market in the U.S. is estimated at US$9.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.4 Billion by the year 2027 trailing a CAGR of 28.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.3% and 22% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21.2% CAGR.Prescriptive Analytics Segment to Record 28.6% CAGR
In the global Prescriptive Analytics segment, USA, Canada, Japan, China and Europe will drive the 28.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.6 Billion in the year 2020 will reach a projected size of US$15 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

SELECT PLAYERS

Allscripts Healthcare, LLC; Cerner Corporation; CitiusTech Inc.; Cognizant; COTIVITI, INC.; ExlService Holdings, Inc.; General Electric; HMS; IBM Corporation; Inovalon; McKesson Corporation; Optum, Inc.; Oracle; SAS Institute Inc.; Wipro Limited

SEGMENTS

» Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Cognitive Analytics) » Application (Financial Analytics, Clinical Analytics, Operational & Administrative Analytics, Population Health Analytics)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Year 2021 in Review and Near Term Outlook
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
COVID-19 Broadens Scope & Throws Light on New Avenues for Healthcare Analytics
Importance of Sharing Healthcare Data Picks up Momentum in the Covid-19 Era
Healthcare Organizations Stay Ahead of COVID-19’s Fluid Needs by Exploiting Predictive Analytics
Healthcare Analytics Adoption to Grow Further Going Forwards
Pandemic Analytics Gains Traction
Influencer Market Insights
World Market Trajectories
Healthcare Analytics – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for 135 Players Worldwide in 2022 (E)
Healthcare Analytics: An Introduction
Key Use Cases of Healthcare Analytics in Medical Facilities
Challenges
Market Outlook
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Data Analytics to Play a Vital Role in Driving Adoption of Telehealth
EXHIBIT 3: Number of Telemedicine Users in the US (In Million): 2019 – 2023
EXHIBIT 7: Global Telemedicine Market in US$ Billion: 2018, 2020, 2022 & 2024
The Growing Role of Big Data Analytics in Healthcare
Exhibit: Global Healthcare Data Generated: 2014, 2020, and 2025 (in exabytes)
Broader Uptake of Text Analytics Tools
COVID-19 Accelerates Digitalization in Healthcare Benefiting Healthcare Analytics
Digital Analytics Emerges as One of the Top Investment Areas in Digital Health Funding
EXHIBIT 7: US Digital Health Funding in US$ Billion: 2011-2021
EXHIBIT 2: Top Funded Digital Health Categories (in US$ Million): 2021
Big Data Spurs Cloud Adoption in Healthcare
Predictive Analytics Increasingly Gains Prevalence in Healthcare Industry
Digital Health Leverages Predictive Analytics
Analytics for Improving Security and Minimizing Fraud
Healthcare Supply Chain Management: Key to Unleash Efficiency and Cost Savings
Growing Relevance of Big Data and Analytics in Supply Chain Management
Prominence of Big Data in Mobile Health Applications
Growing Prominence of Data Lakes for Healthcare Organizations
COVID-19 Drives Wider Adoption of AI & Predictive Analytics in Healthcare
Enduring Use Cases for AI & Predictive Analytics in Healthcare Industry
Hospitals Leverage Actionable Insights from AI & Predictive Analytics to Treat & Triage Patients amid COVID-19
Rising Adoption of Electronic Health Records to Benefit Demand
Pharmaceutical Companies Adopt Analytics to Boost Gains
Real time Alerting: An Emerging Area
Big Data Holds Potential in Cancer Treatment
EXHIBIT 6: Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
Types of Analytics for Insurance
Edge Computing and Analytics Aid in Better Patient Outcomes
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Healthcare Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Healthcare Analytics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Descriptive Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Descriptive Analytics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Predictive Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Predictive Analytics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Prescriptive Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Prescriptive Analytics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Cognitive Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Cognitive Analytics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Financial Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Financial Analytics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Clinical Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Clinical Analytics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Operational & Administrative Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Operational & Administrative Analytics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Population Health Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Population Health Analytics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
UNITED STATES
Healthcare Analytics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, Current & Future Analysis for Healthcare Analytics by Type - Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Healthcare Analytics by Type - Percentage Breakdown of Value Revenues for Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics for the Years 2021 & 2027
USA Recent Past, Current & Future Analysis for Healthcare Analytics by Application - Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Healthcare Analytics by Application - Percentage Breakdown of Value Revenues for Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics for the Years 2021 & 2027
CANADA
Canada Recent Past, Current & Future Analysis for Healthcare Analytics by Type - Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Healthcare Analytics by Type - Percentage Breakdown of Value Revenues for Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics for the Years 2021 & 2027
Canada Recent Past, Current & Future Analysis for Healthcare Analytics by Application - Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Healthcare Analytics by Application - Percentage Breakdown of Value Revenues for Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics for the Years 2021 & 2027
JAPAN
Japan Recent Past, Current & Future Analysis for Healthcare Analytics by Type - Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Healthcare Analytics by Type - Percentage Breakdown of Value Revenues for Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics for the Years 2021 & 2027
Japan Recent Past, Current & Future Analysis for Healthcare Analytics by Application - Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Healthcare Analytics by Application - Percentage Breakdown of Value Revenues for Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics for the Years 2021 & 2027
CHINA
China Recent Past, Current & Future Analysis for Healthcare Analytics by Type - Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Healthcare Analytics by Type - Percentage Breakdown of Value Revenues for Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics for the Years 2021 & 2027
China Recent Past, Current & Future Analysis for Healthcare Analytics by Application - Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Healthcare Analytics by Application - Percentage Breakdown of Value Revenues for Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics for the Years 2021 & 2027
EUROPE
Healthcare Analytics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, Current & Future Analysis for Healthcare Analytics by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Healthcare Analytics by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Healthcare Analytics by Type - Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Healthcare Analytics by Type - Percentage Breakdown of Value Revenues for Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics for the Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Healthcare Analytics by Application - Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Healthcare Analytics by Application - Percentage Breakdown of Value Revenues for Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics for the Years 2021 & 2027
FRANCE
France Recent Past, Current & Future Analysis for Healthcare Analytics by Type - Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Healthcare Analytics by Type - Percentage Breakdown of Value Revenues for Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics for the Years 2021 & 2027
France Recent Past, Current & Future Analysis for Healthcare Analytics by Application - Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Healthcare Analytics by Application - Percentage Breakdown of Value Revenues for Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics for the Years 2021 & 2027
GERMANY
Germany Recent Past, Current & Future Analysis for Healthcare Analytics by Type - Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Healthcare Analytics by Type - Percentage Breakdown of Value Revenues for Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics for the Years 2021 & 2027
Germany Recent Past, Current & Future Analysis for Healthcare Analytics by Application - Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Healthcare Analytics by Application - Percentage Breakdown of Value Revenues for Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics for the Years 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Healthcare Analytics by Type - Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Healthcare Analytics by Type - Percentage Breakdown of Value Revenues for Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics for the Years 2021 & 2027
Italy Recent Past, Current & Future Analysis for Healthcare Analytics by Application - Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Healthcare Analytics by Application - Percentage Breakdown of Value Revenues for Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics for the Years 2021 & 2027
UNITED KINGDOM
UK Recent Past, Current & Future Analysis for Healthcare Analytics by Type - Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Healthcare Analytics by Type - Percentage Breakdown of Value Revenues for Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics for the Years 2021 & 2027
UK Recent Past, Current & Future Analysis for Healthcare Analytics by Application - Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Healthcare Analytics by Application - Percentage Breakdown of Value Revenues for Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics for the Years 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Healthcare Analytics by Type - Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Healthcare Analytics by Type - Percentage Breakdown of Value Revenues for Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics for the Years 2021 & 2027
Rest of Europe Recent Past, Current & Future Analysis for Healthcare Analytics by Application - Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Healthcare Analytics by Application - Percentage Breakdown of Value Revenues for Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics for the Years 2021 & 2027
ASIA-PACIFIC
Asia-Pacific Recent Past, Current & Future Analysis for Healthcare Analytics by Type - Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Healthcare Analytics by Type - Percentage Breakdown of Value Revenues for Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics for the Years 2021 & 2027
Asia-Pacific Recent Past, Current & Future Analysis for Healthcare Analytics by Application - Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Healthcare Analytics by Application - Percentage Breakdown of Value Revenues for Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics for the Years 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Healthcare Analytics by Type - Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Healthcare Analytics by Type - Percentage Breakdown of Value Revenues for Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Cognitive Analytics for the Years 2021 & 2027
Rest of World Recent Past, Current & Future Analysis for Healthcare Analytics by Application - Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Healthcare Analytics by Application - Percentage Breakdown of Value Revenues for Financial Analytics, Clinical Analytics, Operational & Administrative Analytics and Population Health Analytics for the Years 2021 & 2027

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