Healthcare Predictive Analytics Market Size, Share, Growth Analysis, By Product Type(Hardware, Services, Software), By Application(Financial Analytics, Clinical, Population Health, Operations Management), By End-use(Payers, Providers, Others), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Healthcare Predictive Analytics Market?

The players in the global healthcare predictive analytics market are constantly inventing and developing improved analytical solutions, as well as extending their product offerings. To help healthcare organizations implement data analysis solutions, combat the pandemic, and preserve competitive advantage in the healthcare analytics market, the companies are focused on their alliances, technology collaborations, and product launch strategies. 'IBM Corporation', 'Optum, Inc.', 'McKesson Corporation', 'Allscripts Healthcare Solutions, Inc.', 'Cerner Corporation', 'SAS Institute Inc.', 'MedeAnalytics, Inc.', 'Verisk Analytics, Inc.', 'Inovalon Holdings, Inc.', 'Health Catalyst, Inc.', 'Cotiviti Holdings, Inc.', 'Oracle Corporation', 'CitiusTech Inc.', 'VitreosHealth', 'Predixion Software', 'Linguamatics Ltd.', 'Geneia LLC', 'Information Builders, Inc.', 'SCIO Health Analytics', 'GSI Health.'.

Q: Which region accounted for the largest share in Global Healthcare Predictive Analytics Market?

North America dominated the global market in 2021. This region accounted for the maximum share of more than 48.5% of the global market revenue in the same year. Factors like developed structure of the healthcare system and the trained staff for performing predictive analysis, paying capacity in terms of training staff to use these analytics tools has been growth of the market.

Report ID: SQMIG35G2230 | Region: Global | Published Date: July, 2001
Pages: 260 | Tables: 91 | Figures: 76

Healthcare Predictive Analytics Market News

In January 2021, Optum and Change Healthcare, a healthcare technology company, announced their partnership.
In March 2021, McKesson Corporation launched ScriptPAS, a pharmacy management platform for oncology practices. This product launch enhanced its patient care portfolio.
In September 2020, Inovalon launched the Inovalon DataStream API for analytical derivations of patient-specific data. This strategy strengthened the company’s product portfolio and enhanced its overall market positioning.

Healthcare Predictive Analytics Market Report Snapshots

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Healthcare Predictive Analytics Market size was valued at USD 9.3 billion in 2019 and is poised to grow from USD 11.58 billion in 2023 to USD 83.21 billion by 2031, growing at a CAGR of 24.5% in the forecast period (2024-2031).

The players in the healthcare predictive analytics market are constantly inventing and developing improved analytical solutions, as well as extending their product offerings. To help healthcare organizations implement data analysis solutions, combat the pandemic, and preserve competitive advantage in the healthcare analytics market, the companies are focused on their alliances, technology collaborations, and product launch strategies. 'IBM Corporation', 'Optum, Inc.', 'McKesson Corporation', 'Allscripts Healthcare Solutions, Inc.', 'Cerner Corporation', 'SAS Institute Inc.', 'MedeAnalytics, Inc.', 'Verisk Analytics, Inc.', 'Inovalon Holdings, Inc.', 'Health Catalyst, Inc.', 'Cotiviti Holdings, Inc.', 'Oracle Corporation', 'CitiusTech Inc.', 'VitreosHealth', 'Predixion Software', 'Linguamatics Ltd.', 'Geneia LLC', 'Information Builders, Inc.', 'SCIO Health Analytics', 'GSI Health.'

Predictive analytics in the healthcare enables experts to find opportunities to improve care delivery. As, healthcare data analytics integrates real time and historical data to forecast trends, increase medical care, expose actionable insights, and fuel long term growth. Furthermore, healthcare analytics systems make use of massive volumes of data to present enterprises with useful information, clinical outcomes, operations, and patient engagement.

Emergence and rise of technologies such as the IOT and big data that are increasingly being coupled with healthcare systems could also fuel the growth in the healthcare predictive analytics market in forecasting period. The healthcare predictive analytics tool has proven effective in decreasing the number of unnecessary tests, which has helped reduce healthcare costs.

North America dominated the market in 2021. This region accounted for the maximum share of more than 48.5% of the market revenue in the same year. Factors like developed structure of the healthcare system and the trained staff for performing predictive analysis, paying capacity in terms of training staff to use these analytics tools has been growth of the market.

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Healthcare Predictive Analytics Market Size, Share, Growth Analysis, By Product Type(Hardware, Services, Software), By Application(Financial Analytics, Clinical, Population Health, Operations Management), By End-use(Payers, Providers, Others), By Region - Industry Forecast 2024-2031

Healthcare Predictive Analytics Market News

Healthcare Predictive Analytics Market Report Snapshots

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