Global Healthcare Predictive Analytics Market
The global healthcare predictive analytics market was valued at US$ 2,830.2 Mn in 2021 and is forecast to reach a value of US$ 5,435.6 Mn by 2027 at a 9.66% CAGR of between 2022 and 2027.
Healthcare Predictive analytics is defined as the analysis of current & historical healthcare data that allows healthcare professionals to find opportunities to make more effective & more efficient operational and clinical decisions, predict trends, and even manage the spread of the diseases. Healthcare organizations, Clinicians, and health insurance companies use predictive analytics to articulate the likelihood of their patients developing certain medical conditions, such as cardiac problems, diabetes, COPD, among others. It is useful at every step in a patient's journey, including prognosis, diagnosis, and treatment.
Market Drivers
The increase in burden of chronic diseases on a global level is expected to boost growth of the global healthcare predictive analytics market over the forecast period. Healthcare predictive analytics can be used to improve disease management & an understanding of the spread and trajectory of disease as well as providing appropriate medical care to the patient for best outcomes.
Rising need of increasing efficiency in the healthcare sector is expected to propel the growth of the healthcare predictive analytics market throughout the forecast period. For instance, predictive analytics help improve the efficiency of personnel and other available resources in the healthcare industry. In March 2021, Health Catalyst, Inc. launch ed its new Healthcare.AI. Created to address healthcare business opportunities & challenges across revenue, cost, and quality, Healthcare.AI suite of augmented intelligence products & services will significantly expand the effective use and use cases of AI in healthcare.
Market Restraints
Shortage of skilled IT professionals in healthcare industry is expected to hinder the growth of the global healthcare predictive analytics market. For instance, the lack of skilled professionals is the major contributor to the ailing healthcare system. Lack of skilled professionals will continue for a limited period of time as more and more data analysts are being trained on various aspects of data storage, prediction, and analysis.
Market Segmentation
The Global Healthcare Predictive Analytics Market is segmented into component such as Hardware, Software, and Services. By deployment, market is segmented into On Premise and Cloud Based, by application market is segmented into Clinical Data Analytics, Financial Data Analytics, Administrative Data Analytics, and Research Data Analytics. Also, by end user, market is segmented into Healthcare Providers, and Research Institutions.
Regional Analysis
The Global Healthcare Predictive Analytics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America region is expected to witness robust growth in the global healthcare predictive analytics market during the forecast period due to the increasing number of chronic disease cases and rise in adoption of healthcare predictive analytics solutions in the region. For instance, predictive analytics helps find out the likelihood of individuals developing certain medical conditions. According to the United States Centers for Disease Control and Prevention, chronic diseases are the leading causes of death & disability in the U.S.
Key Players
Health Catalyst, Allscripts Healthcare Solutions, Medeanalytics, Inc., Mckesson Corporation, Oracle Corporation, Cerner Corporation, Optum, Inc., Information builders, International Business Machines Corporation (IBM), etc.
Market taxonomy
By Component
By Deployment
By Application
By End User
By Region
Global Healthcare Predictive Analytics Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Healthcare Predictive Analytics Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Healthcare Predictive Analytics Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Healthcare Predictive Analytics Market Share Analysis, By Component
5.3 Global Healthcare Predictive Analytics Market Size and Forecast, By Component
5.3.1 Software
5.3.2 Hardware
5.3.3. Services
6 Global Healthcare Predictive Analytics Market, By Deployment
6.1 Y-o-Y Growth Comparison, By Deployment
6.2 Global Healthcare Predictive Analytics Market Share Analysis, By Deployment
6.3 Global Healthcare Predictive Analytics Market Size and Forecast, By Deployment
6.3.1 On-Premise
6.3.2. Cloud Based
7 Global Healthcare Predictive Analytics Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Healthcare Predictive Analytics Market Share Analysis, By Application
7.3 Global Healthcare Predictive Analytics Market Size and Forecast, By Application
7.3.1 Clinical Data Analytics
7.3.2 Financial Data Analytics
7.3.3. Administrative Data Analytics
7.3.4. Research Data Analytics
8 Global Healthcare Predictive Analytics Market, By End User
8.1 Y-o-Y Growth Comparison, By End User
8.2 Global Healthcare Predictive Analytics Market Share Analysis, By End User
8.3 Global Healthcare Predictive Analytics Market Size and Forecast, By End User
8.3.1. Healthcare Providers
8.3.2 Research Institutions
9 Global Healthcare Predictive Analytics Market, By Region
9.1 Global Healthcare Predictive Analytics Market Share Analysis, By Region
9.2 Global Healthcare Predictive Analytics Market Share Analysis, By Region
9.3 Global Healthcare Predictive Analytics Market Size and Forecast, By Region
10 North America Healthcare Predictive Analytics Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 North America Healthcare Predictive Analytics Product Market Share Analysis, By Component
10.3 North America Healthcare Predictive Analytics Product Market Size and Forecast, By Deployment
10.4 North America Healthcare Predictive Analytics Product Market Size and Forecast, By Application
10.5 North America Healthcare Predictive Analytics Product Market Size and Forecast, By End User
10.6 North America Healthcare Predictive Analytics Product Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Healthcare Predictive Analytics Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Europe Healthcare Predictive Analytics Product Market Share Analysis, By Component
11.3 Europe Healthcare Predictive Analytics Product Market Size and Forecast, By Deployment
11.4 Europe Healthcare Predictive Analytics Product Market Size and Forecast, By Application
11.5 Europe Healthcare Predictive Analytics Product Market Size and Forecast, By End User
11.6 Europe Healthcare Predictive Analytics Product Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.64. Rest of Europe
12 Asia Pacific Healthcare Predictive Analytics Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Asia Pacific Healthcare Predictive Analytics Product Market Share Analysis, By Component
12.3 Asia Pacific Healthcare Predictive Analytics Product Market Size and Forecast, By Deployment
12.4 Asia Pacific Healthcare Predictive Analytics Product Market Size and Forecast, By Application
12.5 Asia Pacific Healthcare Predictive Analytics Product Market Size and Forecast, By End User
12.6 Asia Pacific Healthcare Predictive Analytics Product Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Healthcare Predictive Analytics Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Latin America Healthcare Predictive Analytics Product Market Share Analysis, By Component
13.3 Latin America Healthcare Predictive Analytics Product Market Size and Forecast, By Deployment
13.4 Latin America Healthcare Predictive Analytics Product Market Size and Forecast, By Application
13.5 Latin America Healthcare Predictive Analytics Product Market Size and Forecast, By End User
13.6 Latin America Healthcare Predictive Analytics Product Market Size and Forecast, By Country
13.6.2. Rest of Latin America
14 Middle East Healthcare Predictive Analytics Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Middle East Healthcare Predictive Analytics Product Market Share Analysis, By Component
14.3 Middle East Healthcare Predictive Analytics Product Market Size and Forecast, By Deployment
14.4 Middle East Healthcare Predictive Analytics Product Market Size and Forecast, By Application
14.5 Middle East Healthcare Predictive Analytics Product Market Size and Forecast, By End User
14.6 Middle East Healthcare Predictive Analytics Product Market Size and Forecast, By Country
14.6.2. UAE
14.6.3. Egypt
14.6.4 Kuwait
14.6.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Health Catalyst
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Allscripts Healthcare Solutions
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Medeanalytics, Inc
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Mckesson Corporation
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Oracle Corporation
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Cerner Corporation
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Optum, Inc
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Information builders
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 International Business Machines Corporation (IBM)
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
