Healthcare analytics market
DUBLIN, Oct. 31, 2024 (GLOBE NEWSWIRE) — By Type (Predictive, Diagnostics), By Application (Claims, RCM, Fraud, Precision Health, RWE, Imaging, Supply Chain, Workforce, Population Health) The “Healthcare Analytics Market” “End Users (Payers, Hospitals, ACOs, ASCs, Governments, Clinics), Regions: Global Forecast to 2029” report has been added to ResearchAndMarkets.com's offering.
The global healthcare analytics market is projected to reach USD 133.19 billion by 2029 from USD 44.83 billion in 2024, at a CAGR of 24.3% from 2024 to 2029.
The proliferation of electronic health records (EHR) is accelerating the growth of the healthcare analytics market. In North America, approximately 78% of practicing physicians and 96% of non-federal acute care hospitals use EHR systems, supported by regulatory incentives such as the HITECH Act. Adoption rates in Europe vary, with the Netherlands at 97% and the continent-wide average at 81%, indicating a high potential for analytical integration. Increased adoption of EHRs will improve access to data and increase demand for advanced analytics solutions.
Merative (US), Optum, Inc. (US), SAS Institute Inc. (US), Oracle (US), Citiustech Inc. (US) are some of the major players in the healthcare analytics market. The study includes a detailed competitive analysis including company overview, recent developments, and key market strategies of these key players in the Healthcare Analytics market.
Healthcare analytics, clinical analytics sector will witness the highest growth during the forecast period
Based on application, the healthcare analytics market is segmented into financial analytics, clinical analytics, operational and management analytics, and population health analytics. The clinical analytics segment gained the largest market share in 2023. Value-based care, technological advancements, and improved patient outcomes drive the growth of clinical analytics by focusing on outcome-based performance, optimizing costs, and enabling AI and data-driven personalized care. is promoted. EHR system. This will improve the quality and efficiency of care and drive the healthcare analytics market.
APAC is estimated to register the highest CAGR during the forecast period
This report segments the healthcare analytics market into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The APAC healthcare analytics market is projected to register the highest CAGR rate during the forecast period. APAC healthcare analytics market is growing due to affordable treatment. For example, the average cost of bypass surgery in the APAC region is approximately $4,000, compared to $30,000 to $200,000 in the United States. Additionally, government support for medical tourism, investment in health infrastructure, IT expansion, and a growing aging population with chronic conditions are collectively strengthening the region's position in global healthcare.
Research scope
This research report covers the healthcare analytics market by component (services, software), by type (descriptive analytics, predictive analytics, prescriptive analytics, diagnostic analytics) and by application (financial analytics, clinical analytics, operational and management analytics, population health analysis). , by end user (payers, providers, pharmaceutical and medical device supply chain) and region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).
The scope of the report covers detailed information about key factors such as drivers, constraints, challenges, and opportunities influencing the growth of the Healthcare Analytics market. A detailed analysis of key industry players has been conducted to provide insight into their business overview, solutions, and services. Key strategies. Contracts, partnerships and agreements. New product and service launches, mergers and acquisitions, and recent developments related to the Healthcare Analytics Market. This report covers the competitive analysis of upcoming startups in the Healthcare Analytics market ecosystem.
key attributes
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