Healthcare Analytics Market Research Report -Global 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)- Global Forecast till 2027

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

Please note that the assessment period of report has been updated from 2019-2024 to 2020-2027. Cordially fill the sample form for updated data.

Healthcare Analytics Market Scenario


Global healthcare analytics market size is expected to grow significantly over the forecast period. It is anticipated that the market held a market value of USD 12,126.70 million in 2018 and is projected to grow at a CAGR of 27.1% over the forecast period. 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 global 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 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 global healthcare/medical 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/medical 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 global Healthcare/Medical 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/medical 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/medical 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. 


Global Healthcare Analytics Market, by Type



  • Descriptive Analytics

  • Predictive Analytics

  • Prescriptive Analytics

  • Cognitive Analytics


Global Healthcare Analytics Market, by Component



  • Software

  • Hardware

  • Services


Global Healthcare Analytics Market, by Delivery Model



  • On-Premise

  • On-Demand


Global 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




Global 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




Global 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






Global Healthcare Analytics, 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



Frequently Asked Questions (FAQ) :


The healthcare analytics market is projected to grow at a 27.1% CAGR between 2019-2024.

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.