Healthcare Predictive Analytics Market Research Report – Global Forecast till 2027

Healthcare Predictive Analytics Market Research Report, By Components (Services, Software, Hardware), Applications (Operations Management, Financial Analytics, Population Health, Clinical Analytics), End User (Payers, Providers) – Global Forecast Till 2027

ID: MRFR/HC/6080-HCR | February 2021 | Region: Global | 160 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Healthcare Predictive Analytics Market Scenario


The global healthcare predictive analytics market is projected to grow significantly over the forecast period. It is estimated that the global healthcare predictive analytics market is expected to register a CAGR of 29.3% during the forecast period of 2018–2023.


Healthcare predictive analytics is the field of advanced analytics that use predictions about future events. Historical data can be used to predict probable outcomes and accurately inform businesses about future trends.


The increasing prices of medication facilities and increasing popularity of personalized medicines is expected to drive the growth of the market. Factors such as lack of skilled professionals and data privacy and theft issues are limiting the growth of the market.


Moreover, major companies in the market are involved in new product launches to strengthen their position in the market. For instance, in March 2018, Verscend Technology (US) acquired General Dynamics (US) to add the latter’s 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.


Healthcare Predictive Analytics Market Segmentation


The global healthcare predictive analytics market is segmented on the basis of component, application, and end user.


The healthcare predictive analytics market, by component is categorised into services, software, and hardware


Based on application, the healthcare predictive analytics market is segmented into operations management, financial, population health, and clinical. The operations management segment is further divided into demand forecasting, workforce planning and scheduling, inpatient scheduling, and outpatient scheduling. The financial segment is further divided into revenue cycle management, fraud detection, and others. The population health segment is further divided into population risk management, patient engagement, population therapy management, and others. The clinical is further divided into quality benchmarking, patient care enhancement, clinical outcome analysis and management. On the basis of end user, the market is segmented into payers, providers, and others.


On the basis of region, the global healthcare predictive analytics market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is sub-segmented into North America and Latin America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, South Korea, and the rest of Asia-Pacific. The healthcare predictive analytics market in the Middle East and Africa has been segmented into the Middle East and Africa.


Healthcare Predictive Analytics Regional Market Summary


Global Healthcare predictive analytics Market Share (%), by Region, 2017


Healthcare predictive analytics Market


Sources: Centers for Disease Control and Prevention (CDC), US Department of Health and Human Services, National Institutes of Health


It is projected that the Americas dominated the global healthcare predictive analytics market owing to the growth of the market in the North American region. This is largely attributed to the factors such as streamlined health-care systems, updated regulatory policies, and availability of trained workforce in this region helped it attain a lucrative market share.


Europe is expected to hold the second largest share in the healthcare predictive analytics market owing to growing healthcare infrastructure. Also, in October 2017, Allscripts had acquired McKesson’s Enterprise Information Solutions business that had contributed to the exponential growth of the healthcare predictive analytics market.


Asia-Pacific was projected to be the fastest growing region for the global healthcare predictive analytics market. This owes to the technological advancements resulting in the development of cost-effective healthcare predictive analytics leading to high acceptance rate for the devices in the Asia-Pacific region. The Middle East and Africa holds the least share in the global healthcare predictive analytics market due to the presence of economically diverse countries, and less initiatives taken by the government.


Global Healthcare Predictive Analytics Market, by Component


  • Services

  • Software

  • Hardware


Global Healthcare Predictive Analytics Market, by Application


  • Operations Management

    • Demand Forecasting

    • Workforce Planning and Scheduling

    • Inpatient Scheduling

    • Outpatient Scheduling



  • Financial

    • Revenue Cycle Management

    • Fraud Detection

    • Other Financial Applications



  • Population Health

    • Population Risk Management

    • Patient Engagement

    • Population Therapy Management

    • Other Applications



  • Clinical

    • Quality Benchmarking

    • Patient Care Enhancement

    • Clinical Outcome Analysis and Management




Global Healthcare Predictive Analytics Market, by End User


  • Payers

  • Providers

  • Others


Global Healthcare Predictive Analytics Market, by Region


  • Americas

    • North America

      • US

      • Canada



    • Latin 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 Predictive Analytics Market, Key Players


  • IBM

  • Cerner Corporation

  • Verisk Analytics, Inc.

  • McKesson Corporation

  • SAS

  • Oracle

  • Allscripts

  • Optum, Inc.

  • MedeAnalytics, Inc.

  • Inovalon

  • Health Catalyst

  • SCIO Health Analytics

  • Verscend Technologies, Inc

  • CitiusTech, Inc.

  • Wipro Limited

  • VitreosHealth


Intended Audience



  • Medical device companies

  • Analytical companies

  • Government institutions

  • Research and Development (R&D) companies

  • Medical research laboratories



Frequently Asked Questions (FAQ) :


The global healthcare predictive analytics market is expected to exhibit a robust 29.3% CAGR over the forecast period from 2018 to 2023.

The rising use of EHR systems in the healthcare sector is the major driver for the market.

The risk of data breaches is the key restraint on the market.

The Americas is expected to dominate the global healthcare predictive analytics market.

Leading players in the healthcare predictive analytics market include Cerner, IBM, Oracle, SAS, Inovalon, and Optum Inc., among others.

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 Methodology

3.1 Overview

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

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

Chapter 6. Global Healthcare Predictive Analytics Market, by Component

6.1 Overview

6.2 Services

6.3 Software

6.4 Hardware

Chapter 7. Global Healthcare Predictive Analytics Market, by Application

7.1 Operations Management

7.1.1 Demand Forecasting

7.1.2 Workforce Planning and Scheduling

7.1.3 Inpatient Scheduling

7.1.4 Outpatient Scheduling

7.2 Financial

7.2.1 Revenue Cycle Management

7.2.2 Fraud Detection

7.2.3 Others

7.3 Population Health

7.3.1 Population Risk Management

7.3.2 Patient Engagement

7.3.3 Population Therapy Management

7.3.4 Others

7.4 Clinical

7.4.1 Quality Benchmarking

7.4.2 Patient Care Enhancement

7.4.3 Clinical Outcome Analysis and Management

Chapter 8. Global Healthcare Predictive Analytics Market, by End User

8.1 Payers

8.2 Providers

8.3 Others

Chapter 9. Global Healthcare Predictive Analytics Market, by Region

9.1 Introduction

9.2 Americas

9.2.1 North America

9.2.1.1 US

9.2.1.2 Canada

9.2.2 Latin America

9.3 Europe

9.3.1 Western Europe

9.3.1.1 Germany

9.3.1.2 France

9.3.1.3 Italy

9.3.1.4 Spain

9.3.1.5 UK

9.3.1.6 Rest of Western Europe

9.3.2 Eastern Europe

9.4 Asia-Pacific

9.4.1 Japan

9.4.2 China

9.4.3 India

9.4.4 Australia

9.4.5 South Korea

9.4.6 Rest of Asia-Pacific

9.5 Middle East & Africa

9.5.1 Middle East

9.5.2 Africa

Chapter 10. Company Landscape

10.1 Introduction

10.2 Market Share Analysis

Chapter 11. Company Profiles

11.1 IBM

11.1.1 Company Overview

11.1.2 Product Overview

11.1.3 Financials Overview

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.2 Cerner Corporation

11.3 Verisk Analytics, Inc.

11.4 McKesson Corporation

11.5 SAS

11.6 Oracle

11.7 Allscripts

11.8 Optum, Inc.

11.9 MedeAnalytics, Inc.

11.10 Inovalon

11.11 Health Catalyst

11.12 SCIO Health Analytics

11.13 Verscend Technologies, Inc.

11.14 CitiusTech, Inc.

11.15 Wipro Limited

11.16 VitreosHealth

11.17 Others

Chapter 12 Appendix


LIST OF TABLES

TABLE 1 GLOBAL HEALTHCARE PREDICTIVE ANALYTICS MARKET SYNOPSIS, 2020–2027

TABLE 2 GLOBAL HEALTHCARE PREDICTIVE ANALYTICS MARKET ESTIMATES AND FORECAST, 2020–2027 (USD MILLION)

TABLE 3 GLOBAL HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 4 GLOBAL HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 5 GLOBAL HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 6 GLOBAL HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY REGION, 2020–2027(USD MILLION)

TABLE 7 NORTH AMERICA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 8 NORTH AMERICA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 9 NORTH AMERICA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 10 NORTH AMERICA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 11 US: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 12 US: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 13 US: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 14 US: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 15 CANADA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 16 CANADA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 17 CANADA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 18 CANADA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 19 SOUTH AMERICA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 20 SOUTH AMERICA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 21 SOUTH AMERICA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 22 SOUTH AMERICA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 23 EUROPE: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 24 EUROPE: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 25 EUROPE: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 26 EUROPE: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 27 WESTERN EUROPE: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 28 WESTERN EUROPE: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 29 WESTERN EUROPE: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 30 WESTERN EUROPE: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 31 EASTERN EUROPE: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 32 EASTERN EUROPE: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 33 EASTERN EUROPE: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 34 EASTERN EUROPE: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 35 ASIA-PACIFIC: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 36 ASIA-PACIFIC: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 37 ASIA-PACIFIC: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 38 ASIA-PACIFIC: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY REGION, 2020–2027 (USD MILLION)

TABLE 39 MIDDLE EAST & AFRICA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY COMPONENT, 2020–2027 (USD MILLION)

TABLE 40 MIDDLE EAST & AFRICA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

TABLE 41 MIDDLE EAST & AFRICA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)

TABLE 42 MIDDLE EAST & AFRICA: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY REGION, 2020–2027 (USD MILLION)


LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 SEGMENTATION FOR GLOBAL HEALTHCARE PREDICTIVE ANALYTICS MARKET

FIGURE 3 MARKET DYNAMICS FOR GLOBAL HEALTHCARE PREDICTIVE ANALYTICS MARKET

FIGURE 4 GLOBAL HEALTHCARE PREDICTIVE ANALYTICS MARKET SHARE, BY COMPONENT, 2020 (%)

FIGURE 5 GLOBAL HEALTHCARE PREDICTIVE ANALYTICS MARKET SHARE, BY APPLICATION, 2020 (%)

FIGURE 6 GLOBAL HEALTHCARE PREDICTIVE ANALYTICS MARKET SHARE, BY END USER, 2020 (%)

FIGURE 7 GLOBAL HEALTHCARE PREDICTIVE ANALYTICS MARKET SHARE, BY REGION, 2020 (%)

FIGURE 8 NORTH AMERICA: HEALTHCARE PREDICTIVE ANALYTICS MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 9 EUROPE: HEALTHCARE PREDICTIVE ANALYTICS MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 10 ASIA-PACIFIC: HEALTHCARE PREDICTIVE ANALYTICS MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 11 MIDDLE EAST & AFRICA: HEALTHCARE PREDICTIVE ANALYTICS MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 12 GLOBAL HEALTHCARE PREDICTIVE ANALYTICS MARKET: COMPANY SHARE ANALYSIS, 2020 (%)

FIGURE 13 IBM: KEY FINANCIALS

FIGURE 14 IBM: SEGMENTAL REVENUE

FIGURE 15 IBM: GEOGRAPHICAL REVENUE

FIGURE 16 CERNER CORPORATION: KEY FINANCIALS

FIGURE 17 CERNER CORPORATION: SEGMENTAL REVENUE

FIGURE 18 CERNER CORPORATION: GEOGRAPHICAL REVENUE

FIGURE 19 VERISK ANALYTICS, INC: KEY FINANCIALS

FIGURE 20 VERISK ANALYTICS, INC: SEGMENTAL REVENUE

FIGURE 21 VERISK ANALYTICS, INC: GEOGRAPHICAL REVENUE

FIGURE 22 MCKESSON CORPORATION: KEY FINANCIALS

FIGURE 23 MCKESSON CORPORATION: SEGMENTAL REVENUE

FIGURE 24 MCKESSON CORPORATION: GEOGRAPHICAL REVENUE

FIGURE 25 SAS: KEY FINANCIALS

FIGURE 26 SAS: SEGMENTAL REVENUE

FIGURE 27 SAS: GEOGRAPHICAL REVENUE

FIGURE 28 ORACLE: KEY FINANCIALS

FIGURE 29 ORACLE: SEGMENTAL REVENUE

FIGURE 30 ORACLE: GEOGRAPHICAL REVENUE

FIGURE 31 ALLSCRIPTS: KEY FINANCIALS

FIGURE 32 ALLSCRIPTS: SEGMENTAL REVENUE

FIGURE 33 ALLSCRIPTS: GEOGRAPHICAL REVENUE

FIGURE 34 OPTUM, INC: KEY FINANCIALS

FIGURE 35 OPTUM, INC: SEGMENTAL REVENUE

FIGURE 36 OPTUM, INC: GEOGRAPHICAL REVENUE

FIGURE 37 MEDEANALYTICS, INC.: KEY FINANCIALS

FIGURE 38 MEDEANALYTICS, INC.: SEGMENTAL REVENUE

FIGURE 39 MEDEANALYTICS, INC.: GEOGRAPHICAL REVENUE



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.