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Healthcare Predictive Analytics Market Report by Product (Hardware, Software and Services), Deployment Mode (On-premises, Cloud-based), Application (Clinical Data Analytics, Financial Data Analytics, Research Data Analytics, Operations Management, and Others), End User (Healthcare Payer, Healthcare Provider, and Others), and Region 2024-2032
Market Report I 2024-04-08 I 138 Pages I IMARC Group
The global healthcare predictive analytics market size reached US$ 9.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 46.9 Billion by 2032, exhibiting a growth rate (CAGR) of 18.8% during 2024-2032.
Healthcare predictive analytics refers to advanced software that automatically analyzes data to improve the overall patient outcomes and provides more effective care. It is widely used for remote monitoring, diagnosis, treatment course design, prognosis, clinical decision support, care quality improvement, and care cost reduction purposes. It can store large amounts of data, predict a patient's response and provide a more personalized healthcare experience. Healthcare predictive analytics aids in improving patient healthcare, easing patient diagnosis, detecting patients at higher risks, gaining better insights and enabling healthcare practitioners to make well-informed decisions. Furthermore, the software functions are based on the patient's environment, risk factors, genetics and medical history.
Healthcare Predictive Analytics Market Trends:
The significant growth in the healthcare industry across the globe is creating a positive outlook for the market. Healthcare predictive analytics is widely adopted to improve efficiency in clinical operations and health outcomes through enhanced care and patient engagement. In line with this, the increasing adoption of electronic health record (EHR) systems to help in the management of patient outcomes and provide accurate, up-to-date, and complete information is favoring the market growth. Apart from this, various advancements in technology, such as the integration of the internet of things (IoT) and big data that assists in collecting patient records and test results, analyzing disease patterns, and increasing patient comfort and convenience, are providing an impetus to the market growth. Additionally, the extensive utilization of the software by healthcare payers due to its cost-effectiveness, reduced number of unnecessary tests, fraud detection and improved decision-making is positively impacting the market growth. Other factors, including the increasing geriatric population prone to chronic diseases, significant improvements in healthcare infrastructure, and the implementation of various government initiatives on improving population health management, are anticipated to drive the market further toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global healthcare predictive analytics market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, deployment mode, application and end user.
Breakup by Product:
Hardware
Software and Services
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Application:
Clinical Data Analytics
Financial Data Analytics
Research Data Analytics
Operations Management
Others
Breakup by End User:
Healthcare Payer
Healthcare Provider
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allscripts Healthcare Solutions Inc., Cerner Corporation, IBM Corporation, McKesson Corporation, MedeAnalytics Inc., Microsoft Corporation, Oracle Corporation, SAS Institute Inc., UnitedHealth Group Incorporated and Verisk Analytics.
Key Questions Answered in This Report
1. What was the size of the global healthcare predictive analytics market in 2023?
2. What is the expected growth rate of the global healthcare predictive analytics market during 2024-2032?
3. What has been the impact of COVID-19 on the global healthcare predictive analytics market?
4. What are the key factors driving the global healthcare predictive analytics market?
5. What is the breakup of the global healthcare predictive analytics market based on the product?
6. What is the breakup of the global healthcare predictive analytics market based on the deployment mode?
7. What is the breakup of the global healthcare predictive analytics market based on the application?
8. What is the breakup of the global healthcare predictive analytics market based on the end user?
9. What are the key regions in the global healthcare predictive analytics market?
10. Who are the key players/companies in the global healthcare predictive analytics market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Healthcare Predictive Analytics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software and Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment Mode
7.1 On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Clinical Data Analytics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Financial Data Analytics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Research Data Analytics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Operations Management
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End User
9.1 Healthcare Payer
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Healthcare Provider
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Allscripts Healthcare Solutions Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Cerner Corporation
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 IBM Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 McKesson Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 MedeAnalytics Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Microsoft Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Oracle Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 SAS Institute Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 SWOT Analysis
15.3.9 UnitedHealth Group Incorporated
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Verisk Analytics
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
Figure 1: Global: Healthcare Predictive Analytics Market: Major Drivers and Challenges
Figure 2: Global: Healthcare Predictive Analytics Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Healthcare Predictive Analytics Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Healthcare Predictive Analytics Market: Breakup by Product (in %), 2023
Figure 5: Global: Healthcare Predictive Analytics Market: Breakup by Deployment Mode (in %), 2023
Figure 6: Global: Healthcare Predictive Analytics Market: Breakup by Application (in %), 2023
Figure 7: Global: Healthcare Predictive Analytics Market: Breakup by End User (in %), 2023
Figure 8: Global: Healthcare Predictive Analytics Market: Breakup by Region (in %), 2023
Figure 9: Global: Healthcare Predictive Analytics (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Healthcare Predictive Analytics (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Healthcare Predictive Analytics (Software and Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Healthcare Predictive Analytics (Software and Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Healthcare Predictive Analytics (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Healthcare Predictive Analytics (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Healthcare Predictive Analytics (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Healthcare Predictive Analytics (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Healthcare Predictive Analytics (Clinical Data Analytics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Healthcare Predictive Analytics (Clinical Data Analytics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Healthcare Predictive Analytics (Financial Data Analytics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Healthcare Predictive Analytics (Financial Data Analytics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Healthcare Predictive Analytics (Research Data Analytics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Healthcare Predictive Analytics (Research Data Analytics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Healthcare Predictive Analytics (Operations Management) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Healthcare Predictive Analytics (Operations Management) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Healthcare Predictive Analytics (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Healthcare Predictive Analytics (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Healthcare Predictive Analytics (Healthcare Payer) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Healthcare Predictive Analytics (Healthcare Payer) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Healthcare Predictive Analytics (Healthcare Provider) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Healthcare Predictive Analytics (Healthcare Provider) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Healthcare Predictive Analytics (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Healthcare Predictive Analytics (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: North America: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: North America: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: United States: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: United States: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Canada: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Canada: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Asia-Pacific: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Asia-Pacific: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: China: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: China: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Japan: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Japan: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: India: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: India: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: South Korea: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: South Korea: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Australia: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Australia: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Indonesia: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Indonesia: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Others: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Others: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Europe: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Europe: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Germany: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Germany: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: France: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: France: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: United Kingdom: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: United Kingdom: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Italy: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Italy: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Spain: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Spain: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Russia: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Russia: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Others: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Others: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Latin America: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Latin America: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Brazil: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Brazil: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Mexico: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Mexico: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Others: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Others: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Middle East and Africa: Healthcare Predictive Analytics Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Middle East and Africa: Healthcare Predictive Analytics Market: Breakup by Country (in %), 2023
Figure 81: Middle East and Africa: Healthcare Predictive Analytics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Global: Healthcare Predictive Analytics Industry: SWOT Analysis
Figure 83: Global: Healthcare Predictive Analytics Industry: Value Chain Analysis
Figure 84: Global: Healthcare Predictive Analytics Industry: Porter's Five Forces Analysis
Table 1: Global: Healthcare Predictive Analytics Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Healthcare Predictive Analytics Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Healthcare Predictive Analytics Market Forecast: Breakup by Deployment Mode (in Million US$), 2024-2032
Table 4: Global: Healthcare Predictive Analytics Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Healthcare Predictive Analytics Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: Healthcare Predictive Analytics Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Healthcare Predictive Analytics Market: Competitive Structure
Table 8: Global: Healthcare Predictive Analytics Market: Key Players
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