Healthcare Analytics Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Healthcare Analytics Market size was valued at USD 7,932.4 million in 2018 and is expected to witness approximately 12% CAGR from 2021 to 2027.

Medical analytics is a solution that includes all medical analytics activities using data from key areas of healthcare. Pharmaceutical and R&D data, patient behavioral data, clinical data, billing, and cost data. Medical analysis helps improve clinical care while limiting excessive medical expenditure. The primary goals of medical analytics are to protect the privacy and security of patient privacy, increase user confidence in healthcare IT, and collaborate among all stakeholders. Market participants are investing in R&D processes to launch innovative solutions with greater functionality and gain a competitive advantage in the industry. Hospitals, clinics, long-term care facilities, elderly living facilities, and payers are key end-users of medical analytics. Key applications of the solution include revenue cycle management, clinical analysis, risk assessment, fraud detection, claims to process, and supply chain analysis. However, financial analysis is the most widely adopted.

Market Segments

On the basis of type

• Descriptive Analytics
• Predictive Analytics
• Prescriptive Analytics
• Cognitive Analytics

On the basis of component

• Services
• Software
• Hardware

Key Players

Some of the key players operating in the global healthcare analytics market are Allscripts Healthcare Solutions, Inc. (U.S.), Cerner Corporation (U.S.), Epic Systems Corporation (U.S.), Health Catalyst (U.S.), IBM Corporation (U.S.), Inovalon (U.S.), McKesson Corporation (U.S.), MedeAnalytics, Inc. (U.S.), Microsoft Corporation (U.S.), UnitedHealthcare Group (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), SAS Institute Inc. (U.S.), SCIOInspire, Corp. (U.S.), Tableau Software, Inc. (U.S.), TIBCO Software, Inc. (U.S.), Verscend Technologies, Inc. (U.S.), and VitreosHealth (U.S.), among others.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Healthcare Analytics Market Report

1. What was the Healthcare Analytics Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of the Healthcare Analytics Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Healthcare Analytics Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.