According to Markntel Advisors Report, Healthcare Analytics Market Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Healthcare analytics is collecting data, including treatment records, financial records, outcomes, etc., and using it to derive actionable insights. The market consists of companies that provide such services to healthcare providers and payers to make their operations more efficient.
Global Healthcare Analytics Market Market Research Report 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.
Time Period Captured in the Report:
- Historical Years: 2020-2023
- Base Years: 2024
- Forecast Years: 2025-2030
Who are the Key Players Operating in the Healthcare Analytics Market Market?
The top companies of the Healthcare Analytics Market Market ruling the industry are:
IQVIA, Merative, Optum Inc., Oracle, SAS Institute, Veradigm, CitiusTech, EXL, Health Catalyst, Inovalon, CVS Health, Apixio Inc., COTIVITI, Wipro, Enlitic, and others
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What is Included in Healthcare Analytics Market Market Segmentation?
The Healthcare Analytics Market Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-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
-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
-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
Explore the Complete Healthcare Analytics Market Market Analysis Report – https://www.marknteladvisors.com/research-library/healthcare-analytics-market.html
Global Healthcare Analytics Market 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.
Global Healthcare Analytics Market Opportunity:
Rising Number of Patient Registries to Offer a Lucrative Growth Opportunity – The number of registries that contain information about patients with common diseases, symptoms, treatment, etc., is increasing over time. This can be observed from the rising cases of various diseases across the world. For instance, as per the American Cancer Society, around 20 million cancer cases were newly diagnosed globally in 2022. These registries can be used to make the analytics more precise, including better-informed clinical decision-making, research advancements, and improved patient care quality across various healthcare settings, essentially providing a valuable source of data beyond traditional clinical trials to identify trends and gaps in care and optimize treatment strategies.
As a result, the insights will be more useful for the end-users and will help them achieve maximum customer satisfaction. Such accuracies will increase the fame of services, thus attracting more consumers to invest in these services. Therefore, the wise use of expanding data of healthcare registries is expected to provide a good growth opportunity for the market.
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