Healthcare Analytics Market by Type (Predictive, Prescriptive, Cognitive) Application (Clinical, RCM, Claim, Fraud, Waste, Supply Chain, PHM) Component (Service, Software) Delivery (On-demand, Cloud) End User (Payer, Hospital) - Global Forecast to 2024
[259 Pages Report] The overall market for healthcare analytics is expected to reach $50.5 billion by 2024 from $14.0 billion in 2019, at a CAGR of 28.3% during the forecast period. Factors such as government initiatives to increase EHR adoption, growing venture capital investments, growing pressure to curb healthcare spending and improve patient outcomes, the emergence of big data in healthcare, and the rising importance of real-world evidence are expected to drive the growth of the market.
Descriptive analytics forms a base for the effective application of predictive or prescriptive analytics, which is driving the market growth
Based on type, the market is segmented into descriptive, predictive, prescriptive, and cognitive analytics. Descriptive analytics is expected to account for the largest share of the market in 2018, while the Prescriptive Analytics segment is projected to grow at the highest CAGR during the forest period. Descriptive analytics is expected to dominate the market during the forecast period because it forms the base for the effective application of predictive or prescriptive analytics.
A growing focus on cost-cutting and the implementation of practices to ensure profitability has made financial analytics highly significant
By application, the market has been segmented into financial analytics, clinical analytics, operational & administrative analytics, and population health analytics. The Financial Analytics segment is estimated to dominate the market in 2019, due to a rising focus of payers on the early detection of fraud and reducing preventable costs. The market for financial analysis is expected to register significant growth during the forecast period.
On-premise solutions to account for the largest share of the healthcare analytics market in 2019
Based on the deployment model, the market is segmented into on-premise and on-demand models. In 2019, the on-premise models segment is expected to account for the largest share of the global market. This can be attributed to the easily customizable nature of on-premise solutions, as compared to on-demand models.
Payers segment to account for the largest share of the healthcare analytics market in 2019
On the basis of end user, the market is segmented into payers, providers, and ACOs, HIEs, MCOs, and TPAs. In 2019, the payers segment is expected to account for the largest share of the global market. Factors such as rising healthcare costs; the growing need to increase memberships; curb fraudulent claims, optimize provider networks, and operational costs; and increasing competition are compelling healthcare payers to adopt analytics solutions.
North America is expected to account for the largest market share during the forecast period
The market is dominated by North America, followed by Europe, Asia, and RoW. The market in North America is expected to witness the highest growth during the forecast period. The high growth of the North American market is attributed to growing federal healthcare mandates to curb rising healthcare costs; increasing regulatory requirements; growing EHR adoption; and rising government initiatives focusing on personalized medicine, population health management, and value-based reimbursements.
Key Market Players
The healthcare analytics market is highly competitive in nature, with several big as well as emerging players. Prominent players in this market include IBM Corporation (US), Optum, Inc. (US), Cerner Corporation (US), SAS Institute, Inc. (US), Allscripts Health Solutions (US), McKesson Corporation (US), MedeAnalytics, Inc. (US), Inovalon (US), Oracle Corporation (US), Health Catalyst (US), SCIO Health Analytics (US), Verscend Technologies, Inc. (US), CitiusTech, Inc. (US), Wipro Limited (India), and VitreosHealth (US).
IBM is the leading player in the market and provides a comprehensive range of solutions for this market. The company has a strong presence in the commercial and government healthcare payer markets. It also has a robust sales and distribution network across more than 175 countries. IBM invests a significant amount of its revenue in research activities to continuously improve its product portfolio. Since 2005, the company has invested USD 24 billion in the development of its big data and analytics software and services capabilities, and has 6,809 patents to its name. One of the major steps taken by IBM to improve its position in the market is the acquisition of Truven Health Analytics in April 2016. This acquisition helped the company to acquire a major share of the global market.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20172024 |
|
Base year considered |
2018 |
|
Forecast period |
20192024 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Type, component, delivery model, application, end user, and region. |
|
Geographies covered |
North America, Europe, Asia, Pacific countries, Latin America (LATAM), and the Middle East and Africa |
|
Companies covered |
Allscripts (US), Cerner (US), Citius Tech (US), Cotiviti (Verscend Technologies), Health Catalyst (US), IBM (US), Innovalon (US), McKesson (US), MedeAnalytics (US), Optum (US), Oracle (US), SAS Institute (US), SCIO Health Analytics (US), Viteros Health (US), and Wipro (India) |
This report categorizes the healthcare analytics market into the following segments and subsegments:
On the basis of type, the Market of healthcare analytics has been segmented as follows:
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
- Cognitive Analytics
On the basis of component, the Market of healthcare analytics has been segmented as follows:
- Services
- Support Services
- Business Analytics Services
- Software
- Hardware
On the basis of application, the Market of healthcare analytics has been segmented as follows:
- Financial Analysis
- Claims Processing
- Revenue Cycle Management
- Payment Integrity and Fraud, Waste, & Abuse
- Risk Adjustment and Risk Assessment
- Operational & Administrative Analysis
- Supply Chain Analysis
- Workforce Analysis
- Strategic Analysis
- Clinical Analysis
- Quality Improvement and Clinical Benchmarking
- Clinical Decision Support
- Reporting and Compliance
- Comparative Analytics/Effectiveness
- Precision Health
- Medical Imaging Analytics
- Population Health Analytics
On the basis of delivery model, the Market of healthcare analytics has been segmented as follows:
- On-premise model
- On-demand model
On the basis of end users, the Market of healthcare analytics has been segmented as follows:
- Payers
- Private Insurance Companies
- Government Agencies
- Employers and Private Exchanges
- Providers
- Hospitals, Physician Practices, and IDNs
- Post-acute Care Organizations
- Ambulatory Settings
- Health information exchanges (HIEs), accountable care organizations (ACOs), managed care organizations (MCOs), and third-party administrators (TPAs)
On the basis of region, the Market of healthcare analytics has been segmented as follows:
- North America
- Europe
- Asia
- Latin America
- Pacific Countries
- Middle East and Africa
Recent Developments
- In August 2018, Verscend Technology (US) acquired Cotiviti Holdings, Inc. (US), a leading provider of payment accuracy and analytics-driven solutions focused primarily on the healthcare industry.
- In March 2018, Verscend Technology (US) acquired General Dynamics (US) to add the latters solutions for tracking healthcare fraud, waste, and abuse (FWA) to its portfolio. This acquisition also enabled Verscend to strengthen its payer quality analytics and reporting solutions.
- In July 2018, Health Catalyst (US) acquired Medicity, a PHM company offering solutions for HIEs, business intelligence, and provider and patient engagement.
Key Questions addressed by the report
- Where will all these developments take the industry in the medium to long-term?
- What types of annual and multi-year partnerships are healthcare analytics companies exploring?
- Which are the key players in the market, and how intense is the competition?
- Which are the recent contracts and agreements key players have signed?
- What are the recent trends affecting healthcare analytics solution manufacturers and independent service organizations?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 24)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 28)
2.1 Research Data
2.1.1 Secondary Sources
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Resources
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Ranking of Key Players
2.5 Assumptions for the Study
3 Executive Summary (Page No. - 36)
4 Premium Insights (Page No. - 41)
4.1 Healthcare Analytics Market Overview
4.2 Market, By Type, 2019 vs 2014 (USD Billion)
4.3 Market, By Component, 2019 vs 2014 (USD Billion)
4.4 Market, By Delivery Model
4.5 Financial Analytics Market Share, By Type & Region (2019)
4.6 Market, By End User, 2019 vs 2024 (USD Billion)
4.7 Healthcare Analytics Market, By Region
5 Market Overview (Page No. - 47)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Government Initiatives to Increase EHR Adoption
5.2.1.2 Growing Venture Capital Investments
5.2.1.3 Growing Pressure to Curb Healthcare Spending and Improve Patient Outcomes
5.2.1.4 Big Data in Healthcare
5.2.1.5 Growing Focus on Real-World Evidence
5.2.2 Restraints
5.2.2.1 High Cost of Analytics Solutions
5.2.3 Opportunities
5.2.3.1 Increasing Focus on Value-Based Medicine
5.2.3.2 Use of Analytics in Precision and Personalized Medicine
5.2.3.3 Cloud-Based Analytics
5.2.3.4 Increasing Number of Patient Registries
5.2.3.5 Emergence of Social Media and Its Impact on the Healthcare Industry
5.2.3.6 Augmented Analytics
5.2.3.7 Analytics of Healthcare Things
5.2.4 Challenges
5.2.4.1 Patient Data Confidentiality
5.2.4.2 Concerns Regarding Inaccurate and Inconsistent Data
5.2.4.3 Reluctance to Adopt Healthcare Analytics in Emerging Countries
5.2.4.4 Data Integration
5.2.4.5 Operational Gaps Between Payers and Providers
5.2.4.6 Dearth of Skilled Personnel
6 Healthcare Analytics Market, By Type (Page No. - 57)
6.1 Introduction
6.2 Descriptive Analytics
6.2.1 Descriptive Analytics are Used to Convert Past Data Into Useful Information
6.3 Predictive Analytics
6.3.1 Increasing Incidence of Healthcare Fraud is Driving the Market for Predictive Analytics
6.4 Prescriptive Analytics
6.4.1 Prescriptive Analytics to Register Highest Growth Rate During the Forecast Period
6.5 Cognitive Analytics
6.5.1 Vendors are Focusing on Introducing Ai-Driven Analytics Solutions
7 Healthcare Analytics Market, By Component (Page No. - 65)
7.1 Introduction
7.2 Services
7.2.1 Support Services
7.2.1.1 Support Services Include Implementation, Ongoing It Support, System Integration, Training, and Maintenance Services.
7.2.2 Business Analytics Services
7.2.2.1 Business Analytics Services Help Healthcare Organizations to Optimize the Use of Analytics and Drive Performance Improvement
7.3 Software
7.3.1 Healthcare Analytics Software Works as an Interface Between Database and End Users
7.4 Hardware
7.4.1 Increasing Adoption of Cloud Servers is Expected to Hinder the Growth of the Hardware Market for Analytics
8 Healthcare Analytics Market, By Delivery Model (Page No. - 73)
8.1 Introduction
8.2 On-Premise Delivery Model
8.2.1 On-Premise Delivery Models Offer Multivendor Architecture, Which Lowers the Risk of Data Breaches & External Attacks
8.3 On-Demand Delivery Models
8.3.1 Increasing Volume of Data Generated Across the Healthcare Provider Industry to Drive the Adoption of On-Demand Models
9 Healthcare Analytics Market, By Application (Page No. - 78)
9.1 Introduction
9.2 Financial Analytics
9.2.1 Claims Processing
9.2.1.1 Need to Improve Claims Response Time and Avoid Fraudulent Claims Will Support the Use of Analytics Tools
9.2.2 Revenue Cycle Management (RCM)
9.2.2.1 Healthcare Organizations are Rapidly Adopting Predictive Analytics Solutions for Proactive Decision-Making
9.2.3 Payment Integrity & Fraud, Waste, and Abuse (FWA)
9.2.3.1 Implementation of Icd-10 Code Sets and Adoption of Fee-For-Value Systems Will Drive Market Growth
9.2.4 Risk Adjustment & Assessment
9.2.4.1 Risk Adjustment & Assessment Allow for Optimization of Cash Flows and Improved Financial Performance
9.3 Clinical Analytics
9.3.1 Quality Improvement & Clinical Benchmarking
9.3.1.1 Benchmarking Allows for the Identification of Issues Which are Negatively Impacting Healthcare Systems
9.3.2 Clinical Decision Support (CDS)
9.3.2.1 Predictive Clinical Analytics Reduce Medical Errors and Ensure That Appropriate Tests are Performed, A Key Factor for Market Growth
9.3.3 Reporting & Compliance
9.3.3.1 Stringent Regulatory Requirements Have LED to the Need for Reporting & Compliance Solutions
9.3.4 Comparative Analytics/Effectiveness
9.3.4.1 Growing Adoption of EHRs to Provide Significant Growth Opportunities
9.3.5 Precision Health
9.3.5.1 Strong Government Support for Personalized Medicine is Likely to Drive Market Growth
9.3.6 Medical Imaging Analytics
9.3.6.1 Imaging Analytics Aided By Artificial Intelligence and Machine Learning is Rapidly Expanding Within the Healthcare It Industry
9.4 Operational & Administrative Analytics
9.4.1 Supply Chain Analytics
9.4.1.1 Growing Requirement to Reduce Healthcare Costs Will Increase the Adoption of Supply Chain Analytics Solutions
9.4.2 Workforce Analytics
9.4.2.1 Need for Real-Time Resource Demand and Supply Data to Drive the Adoption of Workforce Analytics Solutions
9.4.3 Strategic Analytics
9.4.3.1 Strategic Analytics Uses Advanced Analytics Tools to Leverage Operational and Usage Data, A Key Advantage
9.5 Population Health Analytics
9.5.1 Population Health Analytics Improves Population Health Outcomes and Lowers Costs, A Key Factor for Market Growth
10 Healthcare Analytics Market, By End User (Page No. - 101)
10.1 Introduction
10.2 Payers
10.2.1 Private Insurance Companies
10.2.1.1 Private Insurance Companies to Account for the Largest Share of the Market for Payers in 2019
10.2.2 Government Agencies
10.2.2.1 Increasing Use of Analytics Solutions By Government Agencies Will Boost the Market Growth
10.2.3 Employers and Private Exchanges
10.2.3.1 Private Exchanges and Employers Use Data Analytics for Rapid Data Integration, Health Plan Analysis, and Risk Modeling
10.3 Providers
10.3.1 Hospitals, Physician Practices, and IDNS
10.3.1.1 The Adoption of Healthcare Analytics Solutions is the Highest in Large Hospitals
10.3.2 Post-Acute Care Organizations (PACOS)
10.3.2.1 PACOS are Focusing on Reviewing and Studying Patient Data With the Help of Healthcare Analytics
10.3.3 Ambulatory Settings
10.3.3.1 The Need to Control Healthcare Costs Will Drive the Growth of This End-User Segment in the Market
10.4 ACOS, HIES, MCOS, and TPAS
11 Healthcare Analytics Market, By Region (Page No. - 114)
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 Adoption of EHRs to Drive the Market in the Us
11.2.2 Canada
11.2.2.1 Need for Managing Patient Volumes, Clinical Data, and Healthcare Costs Will Favor Market Growth
11.3 Europe
11.3.1 Germany
11.3.1.1 Germany Dominates the Market in Europe
11.3.2 UK
11.3.2.1 Availability of Venture Capital Investments has Grown in the UK
11.3.3 France
11.3.3.1 Strong Financial Support for Digital Health Have Contributed to the Growth of Healthcare Analytics
11.3.4 Rest of Europe
11.4 Asia
11.4.1 Japan
11.4.1.1 Rise in Geriatric Population Will Increase the Demand for Effective Patient Management Solutions
11.4.2 China
11.4.2.1 Favorable Reforms and A Growing Number of EHRs Have Contributed to Market Growth in China
11.4.3 India
11.4.3.1 The HCIT Market in India is Still in the Nascent Stage
11.4.4 Rest of Asia
11.5 Pacific Countries
11.5.1 Australia and New Zealand are Focusing on Reducing Healthcare Costs
11.6 Latin America
11.6.1 Many Latam Countries Have Undertaken Ehealth Initiatives
11.7 Middle East and Africa
11.7.1 High Healthcare Expenditure, Infrastructural Development Will Support the Use of HCIT Solutions in the Middle East
12 Competitive Landscape (Page No. - 200)
12.1 Overview
12.2 Ranking of Key Players, 2018
12.3 Competitive Leadership Mapping
12.3.1 Vanguards
12.3.2 Dynamic Differentiators
12.3.3 Innovators
12.3.4 Emerging Companies
12.4 Competitive Scenario
12.4.1 Partnerships, Agreements, Collaborations, and Alliances
12.4.2 Product Launches and Enhancements
12.4.3 Acquisitions
12.4.4 Expansions
13 Company Profiles (Page No. - 209)
(Business Overview, Products Offered, Recent Developments, MnM View)*
13.1 Allscripts Healthcare Solutions
13.2 Cerner
13.3 Cotiviti (Verscend Technologies)
13.4 Citiustech
13.5 Health Catalyst
13.6 IBM
13.7 Inovalon
13.8 Mckesson
13.9 Medeanalytics
13.10 Optum
13.11 Oracle
13.12 SAS Institute Inc.
13.13 SCIO Health Analytics (An EXL Company)
13.14 Vitreoshealth
13.15 Wipro
*Business Overview, Products Offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
14 Appendix (Page No. - 252)
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets Subscription Portal
14.3 Available Customizations
14.4 Related Reports
14.5 Author Details
List of Tables (231 Tables)
Table 1 Healthcare Analytics Market, By Type, 20172024 (USD Million)
Table 2 Descriptive Analytics Market, By Region, 20172024 (USD Million)
Table 3 Predictive Analytics Market, By Region, 20172024 (USD Million)
Table 4 Prescriptive Analytics Market, By Region, 20172024 (USD Million)
Table 5 Cognitive Analytics Market, By Region, 20172024 (USD Million)
Table 6 Market, By Component, 20172024 (USD Million)
Table 7 Healthcare Analytics Services Market, By Type, 20172024 (USD Million)
Table 8 Healthcare Analytics Services Market, By Region, 20172024 (USD Million)
Table 9 Healthcare Analytics Support Services Market, By Region, 20172024 (USD Million)
Table 10 Healthcare Business Analytics Services Market, By Region, 20172024 (USD Million)
Table 11 Healthcare Analytics Software Market, By Region, 20192024 (USD Million)
Table 12 Healthcare Analytics Hardware Market, By Region, 20172024 (USD Million)
Table 13 Market, By Delivery Model, 20172024 (USD Million)
Table 14 Market for On-Premise Delivery Models, By Region, 20172024 (USD Million)
Table 15 Healthcare Analytics Market for On-Demand Delivery Models, By Region, 20172024 (USD Million)
Table 16 Market, By Application, 20172024 (USD Million)
Table 17 Financial Analytics Market, By Type, 20172024 (USD Million)
Table 18 Financial Analytics Market, By Region, 20172024 (USD Million)
Table 19 Claims Processing Market, By Region, 20172024 (USD Million)
Table 20 Revenue Cycle Management Market, By Region, 20172024 (USD Million)
Table 21 Payment Integrity & FWA Market, By Region, 20172024 (USD Million)
Table 22 Risk Adjustment & Assessment Market, By Region, 20172024 (USD Million)
Table 23 Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 24 Clinical Analytics Market, By Region, 20172024 (USD Million)
Table 25 Quality Improvement & Clinical Benchmarking Market, By Region, 20172024 (USD Million)
Table 26 Clinical Decision Support Market, By Region, 20172024 (USD Million)
Table 27 Reporting & Compliance Market, By Region, 20172024 (USD Million)
Table 28 Comparative Analytics/Effectiveness Market, By Region, 20172024 (USD Million)
Table 29 Precision Health Market, By Region, 20172024 (USD Million)
Table 30 Medical Imaging Analytics Market, By Region, 20172024 (USD Million)
Table 31 Operational & Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 32 Operational & Administrative Analytics Market, By Region, 20172024 (USD Million)
Table 33 Supply Chain Analytics Market, By Region, 20172024 (USD Million)
Table 34 Workforce Analytics Market, By Region, 20172024 (USD Million)
Table 35 Strategic Analytics Market, By Region, 20172024 (USD Million)
Table 36 Population Health Analytics Market, By Region, 20172024 (USD Million)
Table 37 Healthcare Analytics Market, By End User, 20172024 (USD Million)
Table 38 Market for Payers, By Type, 20172024 (USD Million)
Table 39 Market for Payers, By Region, 20172024 (USD Million)
Table 40 Market for Private Insurance Companies, By Region, 20172024 (USD Million)
Table 41 Market for Government Agencies, By Region, 20172024 (USD Million)
Table 42 Market for Employers and Private Exchanges, By Region, 20192024 (USD Million)
Table 43 Market for Providers, By Type, 20172024 (USD Million)
Table 44 Healthcare Analytics Market for Hospitals, Physician Practices, and IDNS, By Region, 20172024 (USD Million)
Table 45 Market for PACOS, By Region, 20172024 (USD Million)
Table 46 Market for Ambulatory Settings, By Region, 20172024 (USD Million)
Table 47 Market for ACOS, HIES, MCOS, and TPAS, By Region, 20172024 (USD Million)
Table 48 Healthcare Analytics Market, By Region, 20172024 (USD Million)
Table 49 North America: Market, By Country, 20172024 (USD Million)
Table 50 North America: Market, By Type, 20172024 (USD Million)
Table 51 North America: Healthcare Analytics Market, By Application, 20172024 (USD Million)
Table 52 North America: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 53 North America: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 54 North America: Operational and Administrative Analytics Market, By Type, 2017-2024 (USD Million)
Table 55 North America: Healthcare Analytics Market, By Component, 20172024 (USD Million)
Table 56 North America: Market for Services, By Type, 20172024 (USD Million)
Table 57 North America: Market, By Delivery Model, 20172024 (USD Million)
Table 58 North America: Market, By End User, 20172024 (USD Million)
Table 59 North America: Market for Payers, By Type, 20172024 (USD Million)
Table 60 North America: Healthcare Analytics Market for Providers, By Type, 20172024 (USD Million)
Table 61 US: Market, By Type, 20172024 (USD Million)
Table 62 US: Market, By Application, 20172024 (USD Million)
Table 63 US: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 64 US: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 65 US: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 66 US: Market, By Component, 20172024 (USD Million)
Table 67 US: Healthcare Analytics Market for Services, By Type, 20172024 (USD Million)
Table 68 US: Market, By Delivery Model, 20172024 (USD Million)
Table 69 US: Market, By End User, 20172024 (USD Million)
Table 70 US: Market for Payers, By Type, 20172024 (USD Million)
Table 71 US: Market for Providers, By Type, 2017-2024 (USD Million)
Table 72 Canada: Healthcare Analytics Market, By Type, 20172024 (USD Million)
Table 73 Canada: Market, By Application, 20172024 (USD Million)
Table 74 Canada: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 75 Canada: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 76 Canada: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 77 Canada: Market, By Component, 20172024 (USD Million)
Table 78 Canada: Healthcare Analytics Market for Services, By Type, 20172024 (USD Million)
Table 79 Canada: Market, By Delivery Model, 20172024 (USD Million)
Table 80 Canada: Healthcare Analytics Market, By End User, 20172024 (USD Million)
Table 81 Canada: Market for Payers, By Type, 20172024 (USD Million)
Table 82 Canada: Market for Providers, By Type, 2017-2024 (USD Million)
Table 83 Europe: Market, By Country, 20172024 (USD Million)
Table 84 Europe: Market, By Type, 20172024 (USD Million)
Table 85 Europe: Healthcare Analytics Market, By Application, 20172024 (USD Million)
Table 86 Europe: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 87 Europe: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 88 Europe: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 89 Europe: Healthcare Analytics Market, By Component, 20172024 (USD Million)
Table 90 Europe: Market for Services, By Type, 20172024 (USD Million)
Table 91 Europe: Market, By Delivery Model, 20172024 (USD Million)
Table 92 Europe: Market, By End User, 20172024 (USD Million)
Table 93 Europe: Market for Payers, By Type, 20172024 (USD Million)
Table 94 Europe: Healthcare Analytics Market for Providers, By Type, 20172024 (USD Million)
Table 95 Germany: Market, By Type, 20172024 (USD Million)
Table 96 Germany: Market, By Application, 20172024 (USD Million)
Table 97 Germany: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 98 Germany: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 99 Germany: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 100 Germany: Healthcare Analytics Market, By Component, 20172024 (USD Million)
Table 101 Germany: Market for Services, By Type, 20172024 (USD Million)
Table 102 Germany: Healthcare Analytics Market, By Delivery Model, 20172024 (USD Million)
Table 103 Germany: Market, By End User, 20172024 (USD Million)
Table 104 Germany: Market for Payers, By Type, 20172024 (USD Million)
Table 105 Germany: Healthcare Analytics Market for Providers, By Type, 2017-2024 (USD Million)
Table 106 UK: Market, By Type, 20172024 (USD Million)
Table 107 UK: Healthcare Analytics Market, By Application, 20172024 (USD Million)
Table 108 UK: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 109 UK: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 110 UK: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 111 UK: Healthcare Analytics Market, By Component, 20172024 (USD Million)
Table 112 UK: Market for Services, By Type, 20172024 (USD Million)
Table 113 UK: Market, By Delivery Model, 20172024 (USD Million)
Table 114 UK: Market, By End User, 20172024 (USD Million)
Table 115 UK: Market for Payers, By Type, 20172024 (USD Million)
Table 116 UK: Healthcare Analytics Market for Providers, By Type, 2017-2024 (USD Million)
Table 117 France: Market, By Type, 20172024 (USD Million)
Table 118 France: Market, By Application, 20172024 (USD Million)
Table 119 France: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 120 France: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 121 France: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 122 France: Healthcare Analytics Market, By Component, 20172024 (USD Million)
Table 123 France: Market for Services, By Type, 20172024 (USD Million)
Table 124 France: Healthcare Analytics Market, By Delivery Model, 20172024 (USD Million)
Table 125 France: Market, By End User, 20172024 (USD Million)
Table 126 France: Market for Payers, By Type, 20172024 (USD Million)
Table 127 France: Market for Providers, By Type, 2017-2024 (USD Million)
Table 128 RoE: Healthcare Analytics Market, By Type, 20172024 (USD Million)
Table 129 RoE: Market, By Application, 20172024 (USD Million)
Table 130 RoE: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 131 RoE: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 132 RoE: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 133 RoE: Healthcare Analytics Market, By Component, 20172024 (USD Million)
Table 134 RoE: Market for Services, By Type, 20172024 (USD Million)
Table 135 RoE: Market, By Delivery Model, 20172024 (USD Million)
Table 136 RoE: Healthcare Analytics Market, By End User, 20172024 (USD Million)
Table 137 RoE: Market for Payers, By Type, 20172024 (USD Million)
Table 138 RoE: Market for Providers, By Type, 2017-2024 (USD Million)
Table 139 Asia: Market, By Country, 20172024(USD Million)
Table 140 Asia: Healthcare Analytics Market, By Type, 20172024 (USD Million)
Table 141 Asia: Healthcare Analytics Market, By Application, 20172024 (USD Million)
Table 142 Asia: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 143 Asia: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 144 Asia: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 145 Asia: Healthcare Analytics Market, By Component, 20172024 (USD Million)
Table 146 Asia: Market for Services, By Type, 20172024 (USD Million)
Table 147 Asia: Healthcare Analytics Market, By Delivery Model, 20172024 (USD Million)
Table 148 Asia: Market, By End User, 20172024 (USD Million)
Table 149 Asia: Market for Payers, By Type, 20172024 (USD Million)
Table 150 Asia: Market for Providers, By Type, 2017-2024 (USD Million)
Table 151 Japan: Healthcare Analytics Market, By Type, 20172024 (USD Million)
Table 152 Japan: Market, By Application, 20172024 (USD Million)
Table 153 Japan: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 154 Japan: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 155 Japan: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 156 Japan: Healthcare Analytics Market, By Component, 20172024 (USD Million)
Table 157 Japan: Market for Services, By Type, 20172024 (USD Million)
Table 158 Japan: Market, By Delivery Model, 20172024 (USD Million)
Table 159 Japan: Healthcare Analytics Market, By End User, 20172024 (USD Million)
Table 160 Japan: Market for Payers, By Type, 20172024 (USD Million)
Table 161 Japan: Healthcare Analytics Market for Providers, By Type, 2017-2024 (USD Million)
Table 162 China: Market, By Type, 20172024 (USD Million)
Table 163 China: Market, By Application, 20172024 (USD Million)
Table 164 China: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 165 China: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 166 China: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 167 China: Healthcare Analytics Market, By Component, 20172024 (USD Million)
Table 168 China: Market for Services, By Type, 20172024 (USD Million)
Table 169 China: Market, By Delivery Model, 20172024 (USD Million)
Table 170 China: Market, By End User, 20172024 (USD Million)
Table 171 China: Market for Payers, By Type, 20172024 (USD Million)
Table 172 China: Market for Providers, By Type, 2017-2024 (USD Million)
Table 173 India: Market, By Type, 20172024 (USD Million)
Table 174 India: Market, By Application, 20172024 (USD Million)
Table 175 India: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 176 India: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 177 India: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 178 India: Healthcare Analytics Market, By Component, 20172024 (USD Million)
Table 179 India: Market for Services, By Type, 20172024 (USD Million)
Table 180 India: Market, By Delivery Model, 20172024 (USD Million)
Table 181 India: Market, By End User, 20172024 (USD Million)
Table 182 India: Market for Payers, By Type, 20172024 (USD Million)
Table 183 India: Healthcare Analytics Market for Providers, By Type, 2017-2024 (USD Million)
Table 184 RoA: Market, By Type, 20172024 (USD Million)
Table 185 RoA: Healthcare Analytics Market, By Application, 20172024 (USD Million)
Table 186 RoA: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 187 RoA: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 188 RoA: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 189 RoA: Healthcare Analytics Market, By Component, 20172024 (USD Million)
Table 190 RoA: Market for Services, By Type, 20172024 (USD Million)
Table 191 RoA: Healthcare Analytics Market, By Delivery Model, 20172024 (USD Million)
Table 192 RoA: Healthcare Analytics Market, By End User, 20172024 (USD Million)
Table 193 RoA: Market for Payers, By Type, 20172024 (USD Million)
Table 194 RoA: Market for Providers, By Type, 2017-2024 (USD Million)
Table 195 Pacific Countries: Healthcare Analytics Market, By Type, 20172024 (USD Million)
Table 196 Pacific Countries: Market, By Application, 20172024 (USD Million)
Table 197 Pacific Countries: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 198 Pacific Countries: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 199 Pacific Countries: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 200 Pacific Countries: Healthcare Analytics Market, By Component, 20172024 (USD Million)
Table 201 Pacific Countries: Market for Services, By Type, 20172024 (USD Million)
Table 202 Pacific Countries: Healthcare Analytics Market, By Delivery Model, 20172024 (USD Million)
Table 203 Pacific Countries: Market, By End User, 20172024 (USD Million)
Table 204 Pacific Countries: Healthcare Analytics Market for Payers, By Type, 20172024 (USD Million)
Table 205 Pacific Countries: Healthcare Analytics Market for Providers, By Type, 2017-2024 (USD Million)
Table 206 Latam: Healthcare Analytics Market, By Type, 20172024 (USD Million)
Table 207 Latam: Market, By Application, 20172024 (USD Million)
Table 208 Latam: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 209 Latam: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 210 Latam: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 211 Latam: Healthcare Analytics Market, By Component, 20172024 (USD Million)
Table 212 Latam: Market for Services, By Type, 20172024 (USD Million)
Table 213 Latam: Healthcare Analytics Market, By Delivery Model, 20172024 (USD Million)
Table 214 Latam: Market, By End User, 20172024 (USD Million)
Table 215 Latam: Healthcare Analytics Market for Payers, By Type, 20172024 (USD Million)
Table 216 Latam: Market for Providers, By Type, 2017-2024 (USD Million)
Table 217 Middle East and Africa: Market, By Type, 20172024 (USD Million)
Table 218 Middle East and Africa: Healthcare Analytics Market, By Application, 20172024 (USD Million)
Table 219 Middle East and Africa: Financial Analytics Market, By Type, 20172024 (USD Million)
Table 220 Middle East and Africa: Clinical Analytics Market, By Type, 20172024 (USD Million)
Table 221 Middle East and Africa: Operational and Administrative Analytics Market, By Type, 20172024 (USD Million)
Table 222 Middle East and Africa: Healthcare Analytics Market, By Component, 20172024 (USD Million)
Table 223 Middle East and Africa: Market for Services, By Type, 20172024 (USD Million)
Table 224 Middle East and Africa: Healthcare Analytics Market, By Delivery Model, 20172024 (USD Million)
Table 225 Middle East and Africa: Market, By End User, 20172024 (USD Million)
Table 226 Middle East and Africa: Market for Payers, By Type, 20172024 (USD Million)
Table 227 Middle East and Africa: Healthcare Analytics Market for Providers, By Type, 2017-2024 (USD Million)
Table 228 Partnerships, Agreements, and Collaborations
Table 229 Product Launches and Enhancements
Table 230 Acquisitions
Table 231 Expansions
List of Figures (43 Figures)
Figure 1 Healthcare Analytics Market: Market Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Healthcare Analytics Market, By Type, 2019 vs 2024 (USD Billion)
Figure 8 Market, By Application, 2019 vs 2024 (USD Billion)
Figure 9 Market, By Component, 2019 vs 2024 (USD Billion)
Figure 10 Market, By Delivery Model, 2019 vs 2024 (USD Billion)
Figure 11 Healthcare Analytics Market, By End User, 2019 vs 2024 (USD Million)
Figure 12 Geographical Snapshot: Market
Figure 13 Government Initiatives to Increase EHR Adoption and Growing Pressure to Curb Healthcare Costs are Driving Market Growth
Figure 14 Predictive Analytics to Grow at the Highest CAGR During the Forecast Period
Figure 15 Services to Dominate the Healthcare Analytics Market
Figure 16 On-Demand Delivery Model to Grow at A Higher Rate During the Forecast Period
Figure 17 North America to Hold the Largest Share of the Financial Analytics Market in 2019
Figure 18 Payers to Lead the Healthcare Analytics End-User Segment During the Forecast Period
Figure 19 The US to Witness the Highest Growth During the Forecast Period
Figure 20 Healthcare Analytics Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 EHR Adoption Rate Among Healthcare Providers in the US (20122017)
Figure 22 Healthcare Spending as A Percentage of the GDP, By Country, 2017
Figure 23 Prescriptive Analytics Market to Witness High Growth During the Forecast Period
Figure 24 Services Segment to Dominate Healthcare Analytics Market During the Forecast Period
Figure 25 On-Demand Delivery Model to Register the Highest Growth During the Forecast Period
Figure 26 Clinical Analytics to Register the Highest CAGR During the Forecast Period
Figure 27 Providers Segment to Grow at the Highest CAGR During the Forecast Period
Figure 28 North America: Healthcare Analytics Market Snapshot (2019)
Figure 29 Europe: Market Snapshot (2019)
Figure 30 Asia: Market Snapshot (2019)
Figure 31 Key Developments in the Market From 20152018
Figure 32 Market Evolution Framework - Partnerships, Agreements, Collaborations, and Alliances Were Adopted By Key Players
Figure 33 IBM LED the Market in 2018
Figure 34 Competitive Leadership Mapping of the Healthcare Analytics Market
Figure 35 Allscripts: Company Snapshot
Figure 36 Cerner: Company Snapshot
Figure 37 IBM: Company Snapshot
Figure 38 Inovalon: Company Snapshot
Figure 39 Mckesson: Company Snapshot
Figure 40 Unitedhealth Group: Company Snapshot
Figure 41 Oracle: Company Snapshot
Figure 42 SAS Institute: Company Snapshot
Figure 43 Wipro: Company Snapshot
The study involved four major activities in estimating the current size of the healthcare analytics market. Exhaustive secondary research was done to collect information on the market, its peer markets, and its parent market. The next step was to validate findings, assumptions, and sizes with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary research was mainly used to identify and collect information for the extensive, technical, market-oriented, and commercial study of the market. Secondary sources including directories; databases such as Bloomberg Business, Factiva, and Wall Street Journal; white papers; and annual reports were also used to obtain key information about major players, market classification, and segmentation according to industry trends, regional/country-level markets, market developments, and technology perspectives.
Primary Research
In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, to obtain and verify the critical qualitative and quantitative information as well as assess the future prospects of the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents follows:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The healthcare analytics revenue generated by leading players has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the market size estimation process, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, and forecast the global market on the basis of type, component, delivery model, application, end user, and region.
- To provide detailed information regarding the factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the market.
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders.
- To forecast the size of market segments in North America, Europe, Asia, Pacific Countries, Latin America (LATAM), and the Middle East and Africa.
- To profile key players and comprehensively analyze their product portfolios, market positions, and core competencies.
- To track and analyze competitive developments, such as product launches and enhancements, agreements, partnerships, collaborations, acquisitions, and expansions in the market.
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The following customization options are available for this report:
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Growth opportunities and latent adjacency in Healthcare Analytics Market