According to a market report by Lucintel, the future of the healthcare analytics market looks promising with opportunities in the clinical, financial, operational & administrative, and population health analytics applications. The global healthcare analytics market is expected to grow with a CAGR of 25% to 27% from 2023 to 2028. The major drivers for this market are increasing usage of healthcare analytics to manage different collected data and give patients better care and increasing financial support for healthcare analytics startups.
Services, hardware, and software are the major segments of healthcare analytics market by component. Lucintel forecasts that services will remain the largest segment over the forecast period due to the increasing demand for services to update and maintain software in the healthcare sector.
Within this market, financial is expected to remain the largest segment due to the growing use of analytics to improve patient outcomes and reduce cost of treatment and increasing demand for account management and fraud prevention with the help of analytics.
North America will remain the largest region due to the growing evolution of healthcare services, presence of key market players, and emergence of Microsoft cloud in healthcare to give valuable insights related to patient care in the region.
IBM, SAS Institute, Optum, Cerner, Allscripts Healthcare, and Cotiviti are the major suppliers in the global healthcare analytics market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global healthcare analytics market by product type, application, component, deployment, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Healthcare Analytics Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global healthcare analytics market by product type, application, component, deployment, end use industry, and region, as follows:
Healthcare Analytics Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Descriptive
Predictive
Prescriptive
Cognitive
Healthcare Analytics Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Clinical
Financial
Operational & Administrative
Population Health Analytics
Healthcare Analytics Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
Services
Hardware
Software
Healthcare Analytics Market by Deployment Model [Value ($B) Shipment Analysis from 2017 to 2028]:
Healthcare Analytics Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
Payers
Providers
ACOs, HIEs, MCOs and TPAs
Healthcare Analytics Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the healthcare analytics market by product type (descriptive, predictive, prescriptive, and cognitive), application (clinical, financial, operational & administrative, and population health analytics), component (services, hardware, and software), deployment (on-premise and on-demand), end use industry (payers, providers, and ACOs, HIEs, MCOs & TPAs), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?