Europe Healthcare Analytics Market

According to latest research report published by MarketsandMarkets, the Europe Healthcare Analytics Market by Type (Descriptive, Predictive, Cognitive), Application (Financial, RCM, Fraud, Clinical, Operational), Component (Services, Software), Deployment (on premise, Cloud), End-user (Hospitals, Payer) - Global Forecast to 2027, is expected to grow at a CAGR of 25.7% from 2022 to 2027.

The market is being driven by a number of factors, including:

• The increasing adoption of big data and analytics in the healthcare sector
• The rising prevalence of chronic diseases
• The growing focus on preventive healthcare

The healthcare analytics market in Europe is segmented by type, application, end-user, and region.

By type, the market is segmented into:

• Descriptive analytics
• Predictive analytics
• Prescriptive analytics

Descriptive analytics is the most widely used type of analytics in the healthcare sector. It is used to describe past events and trends. Predictive analytics is used to predict future events and trends. Prescriptive analytics is used to recommend actions to improve patient care or reduce costs.

By application, the market is segmented into:

• Clinical decision support
• Risk management
• Population health management
• Others

Clinical decision support is the most widely used application of healthcare analytics. It is used to help clinicians make better decisions about patient care. Risk management is used to identify and mitigate risks to patients and healthcare organizations. Population health management is used to improve the health of a population by identifying and addressing risk factors.

By end-user, the market is segmented into:

• Hospitals
• Pharmaceutical companies
• Payers
• Others

Hospitals are the largest end-user of healthcare analytics. They use analytics to improve patient care, reduce costs, and improve the efficiency of their operations. Pharmaceutical companies use analytics to develop new drugs and to identify patients who are most likely to benefit from their products. Payers use analytics to manage their risk and to improve the quality of care.

By region, the market is segmented into:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Netherlands
• Switzerland
• Belgium
• Rest of Europe

Germany is the largest market for healthcare analytics in Europe. France, the United Kingdom, and Italy are also major markets. The Rest of Europe is expected to be the fastest-growing market.

The key players in the European healthcare analytics market are IBM, Oracle, Microsoft, SAP, SAS, and IQVIA. These companies offer a wide range of healthcare analytics solutions, including software, hardware, and services.

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