Global Healthcare Prescriptive Analytics Market Size, Trends, By Application (Clinical Data Analytics, Financial Data Analytics, Administrative Data Analytics, and Research Data Analytics), By Product (Hardware and Software and Services), By Deployment ( On-premise and Cloud-based), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030
Global Healthcare Prescriptive Analytics Market
The Global Healthcare Prescriptive Analytics Market was valued at US$ 26.51 Bn in 2022, estimated to reach US$ 96.90 Bn by 2030, with a CAGR of 17.20% from 2023-2030.
The future of healthcare analytics is prescriptive analytics. It goes beyond forecasting outcomes to offer potential alternate possibilities and then illustrates the implications of each option to improve the rationality, efficiency, and effectiveness of the decision-making process. The integration of big data into healthcare, the growing desire for increased efficiency in the healthcare sector, and the rising demand to reduce healthcare costs are the main drivers of market growth.
The market for healthcare prescriptive analytics is expanding due to the increased use of big data in healthcare organizations and the increase in government programs to encourage the adoption of electronic health records (EHRs) by healthcare organizations. Additionally, the pressure on healthcare organizations to reduce wasteful spending has a positive effect on the market's expansion.
Market Drivers
We need data from the past and the present to anticipate the future, and analyzing the data that is being generated simultaneously makes this process complex and computer heavy. Prescriptive analytics can also be used to cut down on wasteful medical expenses. As a result, the use of prescriptive analytics at various levels to cut back on wasteful spending has greatly improved the technology's acceptance rate, and the trend is anticipated to continue during the projected period.
Market Restraints
The expansion of the healthcare analytics market is anticipated to be constrained by factors like high implementation costs and a shortage of skilled labor.
Market Segmentation
The scope of the Global Healthcare Prescriptive Analytics Market covers segmentation based on Application, Product, Deployment, and Region.
Based on Application, the market is segmented into Clinical Data Analytics, Financial Data Analytics, Administrative Data Analytics, and Research Data Analytics.
Based on Product, the market is classified into hardware and Software and Services.
Based on Deployment, the market is divided into On-premise and Cloud-based.
Regional Analysis
The Global Healthcare Prescriptive Analytics Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America is anticipated to hold the largest market share during the forecast period. Due to factors including rising internet usage and technological improvements, the American healthcare infrastructure is seeing positive trends in the prescriptive analytics arena. Therefore, it is anticipated that the growing demand for cutting-edge technologies like the Internet of Things (IoT) and big data across a variety of industries and organizations will accelerate the growth of the market under study.
Key Players
IBM, Allscripts Healthcare Solutions, Cerner Corporation, Mckesson Corporation, Medeanalytics, Inc, Optum Inc, Oracle Corporation, SAS Institute Inc., and Verisk Analytics, Inc.
Market Taxonomy
By Application
• Clinical Data Analytics
• Financial Data Analytics
• Administrative Data Analytics
• Research Data Analytics
By Product
• Hardware
• Software and Services
By Deployment
• On-premise
• Cloud-based
By Region
• North America
• U.S.
• Canada
• Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
• Germany
• France
• UK
• Russia
• Italy
• Spain
• Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Bonsai Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Healthcare Prescriptive Analytics Market
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 Prescriptive Analytics Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Healthcare Prescriptive Analytics Market, By Application
5.1 Y-o-Y Growth Comparison, By Application
5.2 Global Healthcare Prescriptive Analytics Market Share Analysis, By Application
5.3 Global Healthcare Prescriptive Analytics Market Size and Forecast, By Application
5.3.1 Clinical Data Analytics
5.3.2 Financial Data Analytics
5.3.3 Administrative Data Analytics
5.3.4 Research Data Analytics
6 Global Healthcare Prescriptive Analytics Market, By Product
6.1 Y-o-Y Growth Comparison, By Product
6.2 Global Healthcare Prescriptive Analytics Market Share Analysis, By Product
6.3 Global Healthcare Prescriptive Analytics Market Size and Forecast, By Product
6.3.1 Hardware
6.3.2 Software and Services
7 Global Healthcare Prescriptive Analytics Market, By Deployment
7.1 Y-o-Y Growth Comparison, By Deployment
7.2 Global Healthcare Prescriptive Analytics Market Share Analysis, By Deployment
7.3 Global Healthcare Prescriptive Analytics Market Size and Forecast, By Deployment
7.3.1 On-premise
7.2.2 Cloud-based
8 Global Healthcare Prescriptive Analytics Market, By Region
8.1 Global Healthcare Prescriptive Analytics Market Share Analysis, By Region
8.2 Global Healthcare Prescriptive Analytics Market Size and Forecast, By Region
8.3 Global Healthcare Prescriptive Analytics Market Trends and Forecast, By Region
9 North America Healthcare Prescriptive Analytics Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Healthcare Prescriptive Analytics Market Share Analysis, By Application
9.3 North America Healthcare Prescriptive Analytics Market Size and Forecast, By Product
9.4 North America Healthcare Prescriptive Analytics Market Size and Forecast, By Deployment
9.5 North America Healthcare Prescriptive Analytics Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1 Market Size and Forecast, By Application
9.5.1.2 Market Size and Forecast, By Product
9.5.1.3 Market Size and Forecast, By Deployment
9.5.2 Canada
9.5.2.1 Market Size and Forecast, By Application
9.5.2.2 Market Size and Forecast, By Product
9.5.2.3 Market Size and Forecast, By Deployment
9.5.3 Mexico
9.5.3.1 Market Size and Forecast, By Application
9.5.3.2 Market Size and Forecast, By Product
9.5.3.3 Market Size and Forecast, By Deployment
10 Europe Healthcare Prescriptive Analytics Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Healthcare Prescriptive Analytics Market Share Analysis, By Application
10.3 Europe Healthcare Prescriptive Analytics Market Size and Forecast, By Product
10.4 Europe Healthcare Prescriptive Analytics Market Size and Forecast, By Deployment
10.5 Europe Healthcare Prescriptive Analytics Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1 Market Size and Forecast, By Application
10.5.1.2 Market Size and Forecast, By Product
10.5.1.3 Market Size and Forecast, By Deployment
10.5.2 France
10.5.2.1 Market Size and Forecast, By Application
10.5.2.2 Market Size and Forecast, By Product
10.5.2.3 Market Size and Forecast, By Deployment
10.5.3 UK
10.5.3.1 Market Size and Forecast, By Application
10.5.3.2 Market Size and Forecast, By Product
10.5.3.3 Market Size and Forecast, By Deployment
10.5.4. Russia
10.5.4.1 Market Size and Forecast, By Application
10.5.4.2 Market Size and Forecast, By Product
10.5.4.3 Market Size and Forecast, By Deployment
10.5.5. Italy
10.5.5.1 Market Size and Forecast, By Application
10.5.5.2 Market Size and Forecast, By Product
10.5.5.3 Market Size and Forecast, By Deployment
10.5.6 Spain
10.5.6.1 Market Size and Forecast, By Application
10.5.6.2 Market Size and Forecast, By Product
10.5.6.3 Market Size and Forecast, By Deployment
10.5.7 Rest of Europe
10.5.7.1 Market Size and Forecast, By Application
10.5.7.2 Market Size and Forecast, By Product
10.5.7.3 Market Size and Forecast, By Deployment
11 Asia Pacific Healthcare Prescriptive Analytics Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Healthcare Prescriptive Analytics Market Share Analysis, By Application
11.3 Asia Pacific Healthcare Prescriptive Analytics Market Size and Forecast, By Product
11.4 Asia Pacific Healthcare Prescriptive Analytics Market Size and Forecast, By Deployment
11.5 Asia Pacific Healthcare Prescriptive Analytics Market Size and Forecast, By Country
11.5.1 China
11.5.1.1 Market Size and Forecast, By Application
11.5.1.2 Market Size and Forecast, By Product
11.5.1.3 Market Size and Forecast, By Deployment
11.5.2 Japan
11.5.2.1 Market Size and Forecast, By Application
11.5.2.2 Market Size and Forecast, By Product
11.5.2.3 Market Size and Forecast, By Deployment
11.5.3 India
11.5.3.1 Market Size and Forecast, By Application
11.5.3.2 Market Size and Forecast, By Product
11.5.3.3 Market Size and Forecast, By Deployment
11.5.4. South Korea
11.5.4.1 Market Size and Forecast, By Application
11.5.4.2 Market Size and Forecast, By Product
11.5.4.3 Market Size and Forecast, By Deployment
11.5.5. Australia
11.5.5.1 Market Size and Forecast, By Application
11.5.5.2 Market Size and Forecast, By Product
11.5.5.3 Market Size and Forecast, By Deployment
11.5.6. New Zealand
11.5.6.1 Market Size and Forecast, By Application
11.5.6.2 Market Size and Forecast, By Product
11.5.6.3 Market Size and Forecast, By Deployment
11.5.7 Singapore
11.5.7.1 Market Size and Forecast, By Application
11.5.7.2 Market Size and Forecast, By Product
11.5.7.3 Market Size and Forecast, By Deployment
11.5.8. Malaysia
11.5.8.1 Market Size and Forecast, By Application
11.5.8.2 Market Size and Forecast, By Product
11.5.8.3 Market Size and Forecast, By Deployment
11.5.9 Rest of Asia
11.5.9.1 Market Size and Forecast, By Application
11.5.9.2 Market Size and Forecast, By Product
11.5.9.3 Market Size and Forecast, By Deployment
12 Latin America Healthcare Prescriptive Analytics Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Healthcare Prescriptive Analytics Market Share Analysis, By Application
12.3 Latin America Healthcare Prescriptive Analytics Market Size and Forecast, By Product
12.4 Latin America Healthcare Prescriptive Analytics Market Size and Forecast, By Deployment
12.5 Latin America Healthcare Prescriptive Analytics Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1 Market Size and Forecast, By Application
12.5.1.2 Market Size and Forecast, By Product
12.5.1.3 Market Size and Forecast, By Deployment
12.5.2 Argentina
12.5.2.1 Market Size and Forecast, By Application
12.5.2.2 Market Size and Forecast, By Product
12.5.2.3 Market Size and Forecast, By Deployment
12.5.3. Colombia
12.5.3.1 Market Size and Forecast, By Application
12.5.3.2 Market Size and Forecast, By Product
12.5.3.3 Market Size and Forecast, By Deployment
12.5.4. Peru
12.5.4.1 Market Size and Forecast, By Application
12.5.4.2 Market Size and Forecast, By Product
12.5.4.3 Market Size and Forecast, By Deployment
12.5.5 Chile
12.5.5.1 Market Size and Forecast, By Application
12.5.5.2 Market Size and Forecast, By Product
12.5.5.3 Market Size and Forecast, By Deployment
12.5.6 Venezuela
12.5.6.1 Market Size and Forecast, By Application
12.5.6.2 Market Size and Forecast, By Product
12.5.6.3 Market Size and Forecast, By Deployment
12.5.7 Rest of Latin America
12.5.7.1 Market Size and Forecast, By Application
12.5.7.2 Market Size and Forecast, By Product
12.5.7.3 Market Size and Forecast, By Deployment
13 Middle East Healthcare Prescriptive Analytics Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Healthcare Prescriptive Analytics Market Share Analysis, By Application
13.3 Middle East Healthcare Prescriptive Analytics Market Size and Forecast, By Product
13.4 Middle East Healthcare Prescriptive Analytics Market Size and Forecast, By Deployment
13.5 Middle East Healthcare Prescriptive Analytics Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.1.1 Market Size and Forecast, By Application
13.5.1.2 Market Size and Forecast, By Product
13.5.1.3 Market Size and Forecast, By Deployment
13.5.2 UAE
13.5.2.1 Market Size and Forecast, By Application
13.5.2.2 Market Size and Forecast, By Product
13.5.2.3 Market Size and Forecast, By Deployment
13.5.3 Egypt
13.5.3.1 Market Size and Forecast, By Application
13.5.3.2 Market Size and Forecast, By Product
13.5.3.3 Market Size and Forecast, By Deployment
13.5.4 Kuwait
13.5.4.1 Market Size and Forecast, By Application
13.5.4.2 Market Size and Forecast, By Product
13.5.4.3 Market Size and Forecast, By Deployment
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Application
13.5.5.2 Market Size and Forecast, By Product
13.5.5.3 Market Size and Forecast, By Deployment
13.5.5 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Application
13.5.6.2 Market Size and Forecast, By Product
13.5.6.3 Market Size and Forecast, By Deployment
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 IBM
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Allscripts Healthcare Solutions
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Cerner Corporation
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Mckesson Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Medeanalytics, Inc,
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Optum Inc.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Oracle Corporation
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 SAS Institute Inc.
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Verisk Analytics, Inc.
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
