Market Overview:
The global healthcare analytics market is expected to grow at a CAGR of 16.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for big data and analytics solutions in the healthcare sector, rising incidence of chronic diseases, and growing need for cost-effective and efficient healthcare delivery systems. The global healthcare analytics market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into stand-alone systems and integrated systems. The stand-alone systems segment is further subsegmented into software only solutions and hardware only solutions. The integrated systems segment is further subsegmented into pre-packaged software/hardware bundled solutions and custom built software/hardware bundled solutions. On the basis of application, the market is divided into hospitals, clinics, other (research institutes & pharmaceutical companies). Geographically, it has been analyzed across North America (U.S., Canada), Latin America (Mexico & Brazil), Europe (Germany France Italy Spain U K), Asia Pacific (Japan China India Australia South Korea) Middle East Africa(GCC Countries Turkey Nigeria South Africa).
Product Definition:
Healthcare analytics is the process of transforming healthcare data into meaningful and useful information to improve decision-making. The goal of healthcare analytics is to use data to answer questions about how care is delivered, identify areas for improvement, and measure the impact of changes. Healthcare analytics can be used by individuals such as doctors or nurses, by groups such as clinics or hospitals, or by entire health systems.
Stand-alone Systems:
Stand-alone systems are computer software or applications that are used to process data and perform specific tasks. Stand-alone systems can be used in various healthcare applications such as population health management, laboratory automation, medical imaging analysis, pharmacy information system and disease prevention. The global healthcare analytics market is expected to grow at a lucrative rate during the forecast period due to increasing demand for personalized medicine coupled with rising government initiatives for preventive care.
Integrated Systems:
Integrated systems are a combination of hardware and software that work together to provide solutions for clinical, financial, administrative and other functions. It is used in healthcare analytics due to its ability to integrate data from various sources such as EMR/EPS, laboratory information system (LIS), hospital information system (HIS), patient history records (PHR) & electronic health record (EHR).
Application Insights:
The market is segmented into hospitals, clinics, and others. The hospitals segment dominated the overall application market in 2017 owing to factors such as increasing prevalence of chronic diseases and rising geriatric population. Moreover, an increase in the number of super-specialty hospitals has also positively influenced the growth of this segment. These are characterized by high costs associated with them; hence they require higher levels of analysis to understand their performance for effective decision-making processes.
Clinic applications are expected to witness a lucrative CAGR over the forecast period due to factors such as growing demand for cost reduction measures and emphasis on quality improvement initiatives at outpatient departments (OPD). Furthermore, these systems help reduce readmissions by improving communication between providers & patients regarding follow-up care appointments & treatments at different healthcare facilities.
Regional Analysis:
North America dominated the global healthcare analytics market in 2017. The presence of a large number of players, favorable government initiatives, and increasing demand for advanced healthcare solutions are some factors driving the growth of this regional market. For instance, according to an article published in EHR intelligence; stand-alone EHR systems installed rate increased from 46% to 93% between 2011 and 2015 among hospitals that have adopted them.
The Asia Pacific is expected to be the fastest-growing region over the forecast period owing to rising investments by governments as well as private companies in developing countries such as India and China. In addition, growing awareness regarding various benefits associated with these systems is also anticipated to drive their adoption over the next eight years.
Growth Factors:
- Increasing demand for better and faster healthcare services is expected to drive the growth of the healthcare analytics market.
- The growing need to curtail rising healthcare costs is also anticipated to fuel the demand for healthcare analytics solutions and services over the forecast period.
- The increasing penetration of big data and cloud-based technologies is expected to create new opportunities for the growth of this market in the coming years.
- Rising awareness about benefits of using healthcare analytics solutions among end users is projected to boost market growth during the forecast period.
- Growing number of collaborations between technology providers and health insurers are expected to propel adoption rates of Healthcare Analytics solutions across various industry verticals in near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Analytics Market Research Report
By Type
Stand-alone Systems, Integrated Systems
By Application
Hospitals, Clinic, Other
By Companies
Epic Systems Corporation, eClinicalWorks, Practice Fusion, NextGen Healthcare, Allscripts, Cerner, MEDITECH, General Electric Healthcare IT, Athenahealth, McKesson, AmazingCharts, e-MDs, Care360, Vitera
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Analytics Market Report Segments:
The global Healthcare Analytics market is segmented on the basis of:
Types
Stand-alone Systems, Integrated Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Epic Systems Corporation
- eClinicalWorks
- Practice Fusion
- NextGen Healthcare
- Allscripts
- Cerner
- MEDITECH
- General Electric Healthcare IT
- Athenahealth
- McKesson
- AmazingCharts
- e-MDs
- Care360
- Vitera
Highlights of The Healthcare Analytics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stand-alone Systems
- Integrated Systems
- By Application:
- Hospitals
- Clinic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Healthcare Analytics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Healthcare analytics is the application of data analysis and modeling to improve patient care. Healthcare analytics can help identify patterns in patient data, track trends over time, and make better decisions about how to allocate resources.
Some of the key players operating in the healthcare analytics market are Epic Systems Corporation, eClinicalWorks, Practice Fusion, NextGen Healthcare, Allscripts, Cerner, MEDITECH, General Electric Healthcare IT, Athenahealth, McKesson, AmazingCharts, e-MDs, Care360, Vitera.
The healthcare analytics market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare Analytics Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Healthcare Analytics Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Healthcare Analytics Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Healthcare Analytics Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Healthcare Analytics Market Size & Forecast, 2020-2028 4.5.1 Healthcare Analytics Market Size and Y-o-Y Growth 4.5.2 Healthcare Analytics Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Stand-alone Systems
5.2.2 Integrated Systems
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare Analytics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Healthcare Analytics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Stand-alone Systems
9.6.2 Integrated Systems
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinic
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Stand-alone Systems
10.6.2 Integrated Systems
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinic
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Stand-alone Systems
11.6.2 Integrated Systems
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinic
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Stand-alone Systems
12.6.2 Integrated Systems
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinic
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Stand-alone Systems
13.6.2 Integrated Systems
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinic
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Healthcare Analytics Market: Competitive Dashboard
14.2 Global Healthcare Analytics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Epic Systems Corporation
14.3.2 eClinicalWorks
14.3.3 Practice Fusion
14.3.4 NextGen Healthcare
14.3.5 Allscripts
14.3.6 Cerner
14.3.7 MEDITECH
14.3.8 General Electric Healthcare IT
14.3.9 Athenahealth
14.3.10 McKesson
14.3.11 AmazingCharts
14.3.12 e-MDs
14.3.13 Care360
14.3.14 Vitera