Markntel Advisors’ report, Healthcare Analytics Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Healthcare Analytics presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Healthcare Analytics Market Research Report & Market Summary:
The Global Healthcare Analytics Market size was valued at around USD 45.12 billion in 2024 and is projected to reach USD 169 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 24.6% during the forecast period, i.e., 2025-30. The main reason behind this growth is the increasing demand from hospitals for making data-driven decisions, cost management, boosting operational efficiency & value-based care, and the initiatives to digitalize EHR. Insights derived through healthcare analytics help in optimizing patient treatments through personalized diagnostics and medication, which further helps in making cost-efficient operations. As a result, the market has experienced significant growth in past years.
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Healthcare Analytics Market Dynamics:
Key Driver-
Improving Patient Care While Being Cost-Efficient – The analysis of data helps healthcare providers provide precise treatments and medications to patients based on previous similar cases, their symptoms, and outcomes of the medication provided. This helps in increasing improved recovery rates. As a result, the demand for healthcare analytics has increased over the years. Moreover, these services also help in reducing the cost of treatment, which provides financial benefits to patients, insurance companies, and governments. This also helps healthcare providers by increasing their efficiency by minimizing unnecessary treatments, optimizing staff & bed usage, etc., thus leading to operational cost savings. Therefore, to improve efficiency and lower the cost of treatment, healthcare analytics have been highly opted in historical years, and this trend is expected to continue in the forecast period as well.
Healthcare Analytics Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Type
- Descriptive Analysis- Market Size & Forecast 2020-2030, USD Million
- Predictive Analysis- Market Size & Forecast 2020-2030, USD Million
- Prescriptive Analysis- Market Size & Forecast 2020-2030, USD Million
- Diagnostic Analysis- Market Size & Forecast 2020-2030, USD Million
Based on the type of healthcare analysis, descriptive analysis leads the market with a share of around 52%. The main reason behind this dominance is the increasing demand for decision-making by analyzing the trends from past patient records. This demand has surged to enhance the treatments offered at hospitals and save costs for both healthcare providers as well as patients.
By End-User
- Healthcare Providers- Market Size & Forecast 2020-2030, USD Million
- Healthcare Payers- Market Size & Forecast 2020-2030, USD Million
- Life Science Companies- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million
Based on the end-users of healthcare analytic services, healthcare payers lead the market with a share of around 42%, with insurance companies as the most prominent consumers.
By Delivery Mode
- On-Premise- Market Size & Forecast 2020-2030, USD Million
- Cloud-Based- Market Size & Forecast 2020-2030, USD Million
By Component
- Software- Market Size & Forecast 2020-2030, USD Million
- Hardware- Market Size & Forecast 2020-2030, USD Million
- Services- Market Size & Forecast 2020-2030, USD Million
By Application
- Clinical Data Analytics- Market Size & Forecast 2020-2030, USD Million
- Financial Data Analytics- Market Size & Forecast 2020-2030, USD Million
- Operational & Administrative Data Analytics- Market Size & Forecast 2020-2030, USD Million
- Population Health Analytics-Market Size & Forecast 2020-2030, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
Regionally, Asia-Pacific dominates the market with a share of around 48%. This is because of the presence of a high number of hospitals and clinics in this region.
As indicated in the latest market research report published by Markntel Advisors, “Healthcare Analytics Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Healthcare Analytics industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/healthcare-analytics-market.html
Top Companies Operating in the Healthcare Analytics Market:
- IQVIA
- Merative
- Optum Inc.
- Oracle
- SAS Institute
- Veradigm
- CitiusTech
- EXL
- Health Catalyst
- Inovalon
- CVS Health
- Apixio Inc.
- COTIVITI
- Wipro
- Enlitic
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Healthcare Analytics Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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