Healthcare Analytics Market Research Report - Forecast till 2027

Healthcare Analytics Market Research Report: By Type (Predictive, Cognitive), Component (Software, Services), Delivery Model (On-Premise), Application (Financial Analytics, Clinical Analytics), End User (Payers, Hospitals)- Forecast till 2027

ID: MRFR/HC/6349-HCR | February 2021 | Region: Global | 100 pages

Healthcare Analytics Market Scenario


Healthcare analytics market size is projected to grow at a CAGR of 23% over the forecast period 2020-2027 and market to reach USD 51.5 Billion by 2027. Healthcare analytics is one of the major segment of analysis that primarily focuses on providing insights into hospital management, costs, patient records, diagnoses, and various other data. The field covers all the segments of the healthcare industry, providing insights on both the macro and micro level. The healthcare/medical analytics market growth is expected to grow at a rapid pace due to factors such as high adoption of technological advancements in the field of healthcare, increasing demand for reducing paperwork, better treatment plans in collaboration with pharmaceutical organizations, increasing availability of low cost technology, to improve patient care efforts, better services, and improve existing procedures.


For improve, treatment plans in association with pharmaceutical organizations are one of the major factors for analytics-driven revolution in healthcare. With more access to wide and in-depth information, pharmaceutical organizations can come up with better formulations for diseases. With the help of more data and analytics, pharmaceutical organizations will be able to assure their formulations positively. This will eventually move the trend from volume discounts to evidence-based outcome models. However, with these advantages of healthcare analytics driving the growth of the healthcare analytics market, few restraints are hampering the growth of the market including; data security, high cost of analytical solutions, and technology challenged the user.   


Healthcare Analytics Market Segmentation


The healthcare analytics market has been segmented into type, component, delivery model, application and end user.


Based on type, market segmented into descriptive analytics, predictive analytics, prescriptive analytics, and cognitive analytics.


Based on component, market segmented into software, hardware, and services.


Based on delivery mode, market segmented into on-premise and on-demand.


Based on application, the healthcare analytics market is segmented into Financial Analytics (Claims Processing, Revenue Cycle Management (RCM), Payment Integrity & Fraud, Waste, and Abuse (FWA), Risk Adjustment & Assessment), Clinical Analytics (Quality Improvement & Clinical Benchmarking, Clinical Decision Support (CDS)), operational & administrative analytics, population health analytics


Based on end user, healthcare analytics market segmented into Payers (Private Insurance Companies, Government Agencies, Employers and Private Exchanges), Providers (Hospitals & Clinics, Post-Acute Care Organizations, Ambulatory Settings), Others.


The global healthcare analytics market by region has been segmented, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Healthcare Analytics market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.


The European Healthcare Analytics market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.


The Healthcare Analytics market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Healthcare Analytics market in the Middle East & Africa has been segmented into the Middle East and Africa.


 Healthcare Analytics Market Key players


Some of the prominent players in the Healthcare Analytics market are Cerner, Allscripts Healthcare Solutions, SAS Institute Inc., IBM, Wipro, Inovalon, Cotiviti, Citiustech, Health Catalyst, Mckesson, Optum, Oracle, SCIO Health Analytics, Vitreoshealth, Medeanalytics, Others.


Healthcare Analytics Regional Market Summary


Global Healthcare Analytics Market Share (%), by Region, 2017


Healthcare Analytics Market Share, by Region, 2017
Source: Annual Reports and Sec filings


Geographically, the Americas is anticipated to dominate the global healthcare analytics market share owing to the presence of major players in the region, well-established acceptance of technological advancements, increasing adoption of healthcare IT, for instance, according to reports by the Centers for Disease Control and Prevention in 2017, approximately 86.9% of the hospital-based physicians used the EMR/EHR system. This growing inclination towards healthcare IT to offer efficient care and rising government initiatives would fuel upmarket growth during the forecast period.  Moreover, to reduce medical errors, clinicians have resorted to the use of big data and mhealth tools which is likely to enhance the growth of the healthcare analytics market in the region.


Europe is expected to hold the second largest position in the global healthcare analytics market.


The healthcare analytics market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be the fastest growing region owing to the increasing need to reduce medical errors is propelling the growth of the healthcare/medical analytics market. The number of new vendors involved in healthcare analytics is also expected to increase over the forecast period, as there are many niche market players who are trying to leverage the market share in the region. The Middle East and Africa market for healthcare analytics is expected to grow at a steady pace. 


Healthcare Analytics Market, by Type



  • Descriptive Analytics

  • Predictive Analytics

  • Prescriptive Analytics

  • Cognitive Analytics


Healthcare Analytics Market, by Component



  • Software

  • Hardware

  • Services


Healthcare Analytics Market, by Delivery Model



  • On-Premise

  • On-Demand


Healthcare Analytics Market, by Application



  • Financial Analytics

    • Claims Processing

    • Revenue Cycle Management (RCM)

    • Payment Integrity & Fraud, Waste, and Abuse (FWA)

    • Risk Adjustment & Assessment



  • Clinical Analytics

    • Quality Improvement & Clinical Benchmarking

    • Clinical Decision Support (CDS)

    • Operational & Administrative Analytics

    • Population Health Analytics




Healthcare Analytics Market, by End User



  • Payers

    • Private Insurance Companies

    • Government Agencies

    • Employers and Private Exchanges



  • Providers

    • Hospitals & Clinics

    • Post-Acute Care Organizations

    • Ambulatory Settings



  • Others


Healthcare Analytics Market, by Region



  • Americas

    • North America

      • US

      • Canada



    • South America



  • Europe

    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • The Middle East & Africa

    • Middle East

    • Africa




Healthcare Analytics Market by Key Players



  • Cerner

  • Allscripts Healthcare Solutions

  • SAS Institute Inc.

  • IBM

  • Wipro

  • Inovalon

  • Cotiviti

  • Citiustech

  • Health Catalyst

  • Mckesson

  • Optum

  • Oracle

  • SCIO Health Analytics

  • Vitreoshealth

  • Medeanalytics

  • Others 


Intended Audience



  • Healthcare/medical analytics developing company

  • Healthcare analytics distributors

  • Hospitals, clinics, and association

  • Private insurance companies

  • Government agencies

  • Various research and consulting firms



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 51.5 Billion
  CAGR   23% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Component, Delivery Model, Application, End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Cerner, Allscripts Healthcare Solutions, SAS Institute Inc., IBM, Wipro, Inovalon, Cotiviti, Citiustech, Health Catalyst, Mckesson, Optum, Oracle, SCIO Health Analytics, Vitreoshealth, Medeanalytics, Others.
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • High adoption of technological advancements in the field of healthcare
  • Increasing demand for reducing paperwork
  • Better treatment plans in collaboration with pharmaceutical organizations
  • Increasing availability of low cost technology
  • To improve patient care efforts, better services,
  • Improve existing procedures


  • Frequently Asked Questions (FAQ) :


    Healthcare analytics is one of the major segment of analysis that primarily focuses on providing insights into hospital management, costs, patient records, diagnoses, and various other data. The field covers all the segments of the healthcare industry, providing insights on both the macro and micro level.

    For improve, treatment plans in association with pharmaceutical organizations are one of the major factors for analytics-driven revolution in healthcare. With more access to wide and in-depth information, pharmaceutical organizations can come up with better formulations for diseases. With the help of more data and analytics, pharmaceutical organizations will be able to assure their formulations positively.

    The healthcare analytics market is projected to grow at a 23% CAGR between 2020-2027.

    The Americas is expected to lead the healthcare analytics market.

    Availability of low-cost technology and better treatment plans are boosting market growth.

    High cost and data security issues may deter market growth.

    Key competitors in the healthcare analytics market include Medeanalytics, Vitreoshealth, SCIO Health Analytics, Oracle, Optum, Mckesson, Health Catalyst, Citiustech, Cotiviti, Inovalon, Wipro, IBM, SAS Institute Inc., Allscripts Healthcare Solutions, and Cerner.

    Table of Contents:

    Chapter 1. Report Prologue

    Chapter 2. Market Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.2.1 Research Objective

    2.2.2 Assumptions

    2.2.3 Limitations

    Chapter 3. Research Typology

    3.1 Introduction

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    Chapter 4. Market Dynamics

    4.1 Drivers

    4.2 Restraints

    4.3 Opportunities

    4.4 Challenges

    4.5 Macroeconomic Indicators

    4.6 Technology Trends & Assessment

    Chapter 5. Market Factor Analysis

    5.1 Porter’s Five Forces Analysis

    5.1.1 Bargaining Power of Suppliers

    5.1.2 Bargaining Power of Buyers

    5.1.3 Threat of New Entrants

    5.1.4 Threat of Substitutes

    5.1.5 Intensity of Rivalry

    5.2 Value Chain Analysis

    5.3 Investment Feasibility Analysis

    Chapter 6. Global Healthcare Analytics Market, by Type

    6.1 Introduction

    6.2 Descriptive Analytics

    6.3 Predictive Analytics

    6.4 Prescriptive Analytics

    6.5 Cognitive Analytics

    Chapter 7. Global Healthcare Analytics Market, by Component

    7.1 Introduction

    7.2 Software

    7.3 Hardware

    7.4 Services

    Chapter 8. Global Healthcare Analytics Market, by Component

    8.1 Introduction

    8.2 On-Premise

    8.3 On-Demand

    Chapter 9. Global Healthcare Analytics Market, by Application

    9.1 Introduction

    9.2 Financial Analytics

    9.2.1 Claims Processing

    9.2.2 Revenue Cycle Management (RCM)

    9.2.3 Payment Integrity & Fraud, Waste, and Abuse (FWA)

    9.2.4 Risk Adjustment & Assessment

    9.3 Clinical Analytics

    9.3.1 Quality Improvement & Clinical Benchmarking

    9.3.2 Clinical Decision Support (CDS)

    9.4 Operational & Administrative Analytics

    9.5 Population Health Analytics

    Chapter 10. Global Healthcare Analytics Market, by End User

    10.1 Introduction

    10.2 Payers

    10.2.1 Private Insurance Companies

    10.2.2 Government Agencies

    10.2.3 Employers and Private Exchanges

    10.3 Providers

    10.3.1 Hospitals & Clinics

    10.3.2 Post-Acute Care Organizations

    10.3.3 Ambulatory Settings

    10.4 Others

    Chapter 11. Global Healthcare Analytics Market, by Region

    11.1 Introduction

    11.2 Americas

    11.2.1 North America

    11.2.1.1 US

    11.2.1.2 Canada

    11.2.2 Latin America

    11.3 Europe

    11.3.1 Western Europe

    11.3.1.1 Germany

    11.3.1.2 France

    11.3.1.3 Italy

    11.3.1.4 Spain

    11.3.1.5 UK

    11.3.1.6 Rest of Western Europe

    11.3.2 Eastern Europe

    11.4 Asia-Pacific

    11.4.1 Japan

    11.4.2 China

    11.4.3 India

    11.4.4 Australia

    11.4.5 South Korea

    11.4.6 Rest of Asia-Pacific

    11.5 Middle East & Africa

    11.5.1 Middle East

    11.5.2 Africa

    Chapter 12. Company Landscape

    12.1 Introduction

    12.2 Market Share Analysis

    12.3 Key Development & Strategies

    Chapter 13. Company Profiles

    13.1 Cerner.

    13.1.1 Company Overview

    13.1.2 Product Overview

    13.1.3 Financials Overview

    13.1.4 Key Developments

    13.1.5 SWOT Analysis

    13.2 Allscripts Healthcare Solutions

    13.2.1 Company Overview

    13.2.2 Product Overview

    13.2.3 Financial Overview

    13.2.4 Key Developments

    13.2.5 SWOT Analysis

    13.3 SAS Institute Inc.

    13.3.1 Company Overview

    13.3.2 Product Overview

    13.3.3 Financial Overview

    13.3.4 Key Development

    13.3.5 SWOT Analysis

    13.4 IBM

    13.4.1 Company Overview

    13.4.2 Product Overview

    13.4.3 Financial Overview

    13.4.4 Key Development

    13.4.5 SWOT Analysis

    13.5 Inovalon

    13.5.1 Company Overview

    13.5.2 Product Overview

    13.5.3 Financial Overview

    13.5.4 Key Development

    13.5.5 SWOT Analysis

    13.6 Cotiviti

    13.6.1 Company Overview

    13.6.2 Product Overview

    13.6.3 Financial Overview

    13.6.4 Key Development

    13.6.5 SWOT Analysis

    13.7 Wipro

    13.7.1 Company Overview

    13.7.2 Product Overview

    13.7.3 Financial Overview

    13.7.4 Key Development

    13.7.5 SWOT Analysis

    13.8 Citiustech

    13.8.1 Company Overview

    13.8.2 Product Overview

    13.8.3 Financial Overview

    13.8.4 Key Development

    13.8.5 SWOT Analysis

    13.9 Health Catalyst

    13.9.1 Company Overview

    13.9.2 Product Overview

    13.9.3 Financial Overview

    13.9.4 Key Development

    13.9.5 SWOT Analysis

    13.10 McKesson

    13.10.1 Company Overview

    13.10.2 Product Overview

    13.10.3 Financial Overview

    13.10.4 Key Development

    13.10.5 SWOT Analysis

    13.11 Optum

    13.11.1 Company Overview

    13.11.2 Product Overview

    13.11.3 Financial Overview

    13.11.4 Key Development

    13.11.5 SWOT Analysis

    13.12 Oracle

    13.12.1 Company Overview

    13.12.2 Product Overview

    13.12.3 Financial Overview

    13.12.4 Key Development

    13.12.5 SWOT Analysis

    13.13 SCIO Health Analytics

    13.13.1 Company Overview

    13.13.2 Product Overview

    13.13.3 Financial Overview

    13.13.4 Key Development

    13.13.5 SWOT Analysis

    13.14 Vitreoshealth

    13.14.1 Company Overview

    13.14.2 Product Overview

    13.14.3 Financial Overview

    13.14.4 Key Development

    13.14.5 SWOT Analysis

    13.15 Medeanalytics

    13.15.1 Company Overview

    13.15.2 Product Overview

    13.15.3 Financial Overview

    13.15.4 Key Development

    13.15.5 SWOT Analysis

    13.16 Others.

    Chapter 14. Appendix


    LIST OF TABLES

    Table 1 Global Healthcare Analytics Market Synopsis, 2020–2027

    Table 2 Global Healthcare Analytics Market Estimates and Forecast, 2020–2027 (USD Million)

    Table 3 Global Healthcare Analytics Market, by Region, 2020–2027 (USD Million)

    Table 4 Global Healthcare Analytics Market, by Type, 2020–2027 (USD Million)

    Table 5 Global Healthcare Analytics Market, by Component, 2020–2027 (USD Million)

    Table 6 Global Healthcare Analytics Market, by Delivery Model, 2020–2027 (USD Million)

    Table 7 Global Healthcare Analytics Market, by Application, 2020–2027 (USD Million)

    Table 8 Global Healthcare Analytics Market, by End User, 2020–2027 (USD Million)

    Table 9 North America: Global Healthcare Analytics Market, by Type, 2020–2027 (USD Million)

    Table 10 North America: Global Healthcare Analytics Market, by Component, 2020–2027 (USD Million)

    Table 11 North America: Global Healthcare Analytics Market, by Delivery Model, 2020–2027 (USD Million)

    Table 12 North America: Global Healthcare Analytics Market, by Application, 2020–2027 (US Million)

    Table 13 North America: Global Healthcare Analytics Market, by End User, 2020–2027 (USD Million)

    Table 14 US: Global Healthcare Analytics Market, by Type, 2020–2027 (USD Million)

    Table 15 US: Global Healthcare Analytics Market, by Component, 2020–2027 (USD Million)

    Table 16 US: Global Healthcare Analytics Market, by Delivery Model, 2020–2027 (USD Million)

    Table 17 US: Global Healthcare Analytics Market, by Application, 2020–2027 (USD Million)

    Table 18 US: Global Healthcare Analytics Market, by End User, 2020–2027 (USD Million)

    Table 19 Canada: Global Healthcare Analytics Market, by Type, 2020–2027 (USD Million)

    Table 20 Canada: Global Healthcare Analytics Market, by Component, 2020–2027 (USD Million)

    Table 21 Canada: Global Healthcare Analytics Market, by Delivery Model, 2020–2027 (USD Million)

    Table 22 Canada: Global Healthcare Analytics Market, by Application, 2020–2027 (USD Million)

    Table 23 Canada: Global Healthcare Analytics Market, by End User, 2020–2027 (USD Million)

    Table 24 Latin America: Global Healthcare Analytics Market, by Type, 2020–2027 (USD Million)

    Table 25 Latin America: Global Healthcare Analytics Market, by Component, 2020–2027 (USD Million)

    Table 26 Latin America: Global Healthcare Analytics Market, by Delivery Model, 2020–2027 (USD Million)

    Table 27 Latin America: Global Healthcare Analytics Market, by Application, 2020–2027 (USD Million)

    Table 28 Latin America: Global Healthcare Analytics Market, by End User, 2020–2027 (USD Million)

    Table 29 Europe: Global Healthcare Analytics Market, by Type, 2020–2027 (USD Million)

    Table 30 Europe: Global Healthcare Analytics Market, by Component, 2020–2027 (USD Million)

    Table 31 Europe: Global Healthcare Analytics Market, by Delivery Model, 2020–2027 (USD Million)

    Table 32 Europe: Global Healthcare Analytics Market, by Application, 2020–2027 (USD Million)

    Table 33 Europe: Global Healthcare Analytics Market, by End User, 2020–2027 (USD Million)

    Table 34 Western Europe: Global Healthcare Analytics Market, by Type, 2020–2027 (USD Million)

    Table 35 Western Europe: Global Healthcare Analytics Market, by Component, 2020–2027 (USD Million)

    Table 36 Western Europe: Global Healthcare Analytics Market, by Delivery Model, 2020–2027 (USD Million)

    Table 37 Western Europe: Global Healthcare Analytics Market, by Application, 2020–2027 (USD Million)

    Table 38 Western Europe: Global Healthcare Analytics Market, by End User, 2020–2027 (USD Million)

    Table 39 Eastern Europe: Global Healthcare Analytics Market, by Type, 2020–2027 (USD Million)

    Table 40 Eastern Europe: Global Healthcare Analytics Market, by Component, 2020–2027 (USD Million)

    Table 41 Eastern Europe: Global Healthcare Analytics Market, by Delivery Model, 2020–2027 (USD Million)

    Table 42 Eastern Europe: Global Healthcare Analytics Market, by Application, 2020–2027 (USD Million)

    Table 43 Eastern Europe: Global Healthcare Analytics Market, by End User, 2020–2027 (USD Million)

    Table 44 Asia-Pacific: Global Healthcare Analytics Market, by Type, 2020–2027 (USD Million)

    Table 45 Asia-Pacific: Global Healthcare Analytics Market, by Component, 2020–2027 (USD Million)

    Table 46 Asia-Pacific: Global Healthcare Analytics Market, by Delivery Model, 2020–2027 (USD Million)

    Table 47 Asia-Pacific: Global Healthcare Analytics Market, by Application, 2020–2027 (USD Million)

    Table 48 Asia-Pacific: Global Healthcare Analytics Market, by End User, 2020–2027 (USD Million)

    Table 49 Middle East & Africa: Global Healthcare Analytics Market, by Type, 2020–2027 (USD Million)

    Table 50 Middle East & Africa: Global Healthcare Analytics Market, by Component, 2020–2027 (USD Million)

    Table 51 Middle East & Africa: Global Healthcare Analytics Market, by Delivery Model, 2020–2027 (USD Million)

    Table 52 Middle East & Africa: Global Healthcare Analytics Market, by Application, 2020–2027 (USD Million)

    Table 53 Middle East & Africa: Global Healthcare Analytics Market, by End User, 2020–2027 (USD Million)  

    LIST OF FIGURES

    Figure 1 Research Process

    Figure 2 Segmentation for Global Healthcare Analytics Market

    Figure 3 Segmentation Market Dynamics for Global Healthcare Analytics Market

    Figure 4 Global Healthcare Analytics Market Share, by Type, 2020

    Figure 5 Global Healthcare Analytics Market Share, by Component, 2020

    Figure 6 Global Healthcare Analytics Market Share, by Delivery Model, 2020

    Figure 7 Global Healthcare Analytics Market Share, by Application, 2020

    Figure 8 Global Healthcare Analytics Market Share, by End User, 2020

    Figure 9 Global Healthcare Analytics Market Share, by Region, 2020

    Figure 10 North America: Global Healthcare Analytics Market Share, by Country, 2020

    Figure 11 Europe: Global Healthcare Analytics Market Share, by Country, 2020

    Figure 12 Asia-Pacific: Global Healthcare Analytics Market Share, by Country, 2020

    Figure 13 Middle East & Africa: Global Healthcare Analytics Market Share, by Country, 2020

    Figure 14 Global Healthcare Analytics Market: Company Share Analysis, 2020 (%)

    Figure 15 Cerner: Key Financials

    Figure 16 Cerner: Segmental Revenue

    Figure 17 Cerner: Geographical Revenue

    Figure 18 Allscripts Healthcare Solutions

    Figure 19 SAS Institute Inc.

    Figure 20 IBM

    Figure 21 Wipro

    Figure 22 Inovalon

    Figure 23 Cotiviti (Verscend Technologies)

    Figure 24 Citiustech

    Figure 25 Health Catalyst

    Figure 26 McKesson

    Figure 27 Optum

    Figure 28 Oracle

    Figure 29 SCIO Health Analytics

    Figure 30 Vitreoshealth

    Figure 31 Medeanalytics



    This table of content is tentative and subject to change as the research progresses.

    Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.