What is the global market size of Healthcare Predictive Analytics Market?

Healthcare Predictive Analytics Market size was valued at USD 9.3 billion in 2021 and is poised to grow from USD 11.58 billion in 2022 to USD 83.21 billion by 2030, growing at a CAGR of 24.5% in the forecast period (2023-2030).

Healthcare Predictive Analytics Market Size, Share, Growth Analysis, By Product (Hardware, Software), Deployment Mode (On-Premises, Cloud-Based), By Application (Clinical Data Analytics, Financial Data Analytics), By End User, By Region - Industry Forecast 2024-2031

Report ID: SQMIG35G2230 | Region: Global | Published Date: December, 2024
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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Global Healthcare Predictive Analytics Market size was valued at USD 2.9 billion in 2022 and is poised to grow from USD 3.80 billion in 2023 to USD 25.59 billion by 2031, growing at a CAGR of 26.9% during the forecast period (2024-2031).

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 ', 'Cerner Corporation ', 'McKesson Corporation ', 'SAS Institute Inc. ', 'Oracle Corporation ', 'Health Catalyst ', 'Optum, Inc. ', 'Allscripts Healthcare Solutions, Inc. ', 'Epic Systems Corporation ', 'Verisk Analytics, Inc. ', 'Inovalon ', 'Cognizant Technology Solutions ', 'MedeAnalytics, Inc. ', 'SCIO Health Analytics ', 'Truven Health Analytics ', 'HMS Holdings Corp. ', 'CitiusTech Inc. ', 'Change Healthcare ', 'Koninklijke Philips N.V. ', 'GE Healthcare'

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 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.

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Healthcare Predictive Analytics Market Size, Share, Growth Analysis, By Product (Hardware, Software), Deployment Mode (On-Premises, Cloud-Based), By Application (Clinical Data Analytics, Financial Data Analytics), By End User, By Region - Industry Forecast 2024-2031

Healthcare Predictive Analytics Market News

Healthcare Predictive Analytics Market Report Snapshots

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