Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Healthcare Analytics/Medical Analytics Market by Type (Deploy Health Care Analysis Internally, Random Health Care Analysis), By Application (Pharmaceutical, Medical Device Companies) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Healthcare Analytics/Medical Analytics Market by Type (Deploy Health Care Analysis Internally, Random Health Care Analysis), By Application (Pharmaceutical, Medical Device Companies) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 194063 3300 Medical Devices & Consumables 377 238 Pages 5 (44)
                                          

Market Overview:


The global healthcare analytics/medical 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 advanced analytical tools for decision-making in the healthcare sector, rising incidence of chronic diseases, and growing need for cost-effective and efficient healthcare delivery systems. The global healthcare analytics/medical analytics market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into deploy health care analysis internally and random health care analysis. Deploy health care analysis internally is further subsegmented into stand-alone software deployment models and integrated software deployment models. Random health care analysis includes business intelligence (BI) services offered by third-party providers that use preconfigured analytical algorithms or custom algorithms developed by them as per customer requirements). On the basis of application, the market is segmented into pharmaceutical companies, medical device companies, hospitals & clinics, payers & insurance companies), research institutes & universities),and others (elderly homes & long term care facilities). Geographically,the global healthcare analytics/medical analyticsmarketis dividedinto five regions: North America,, Latin America,, Europe,, Asia Pacific,,and Middle East& Africa ).


Global Healthcare Analytics/Medical Analytics Industry Outlook


Product Definition:


The term "healthcare analytics" is used to describe the process of analyzing data in order to improve healthcare decisions and outcomes. This may include analyzing data on patient populations, treatments, costs, and outcomes. The goal of healthcare analytics is to use data to identify areas where improvements can be made, and then implement changes that result in better care for patients.


Deploy Health Care Analysis Internally:


Deploy health care analysis internally is the process of getting a medical device or software solution off the shelf and installing it within an organization. The main driver for this market is increasing demand for advanced analytics in healthcare coupled with growing penetration of cloud computing technology.


Random Health Care Analysis:


The global random health care analysis and it's usage in healthcare analytics/medical analytics market size was valued at USD 6.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.


Application Insights:


The pharmaceutical segment dominated the global healthcare analytics/medical analytics market in 2017. This is attributed to factors such as increasing demand for precision medicines, growing investments by companies in R&D and new product development, and an increase in government initiatives that encourage innovation. For instance, the European Commission has invested approximately USD 1.9 billion from 2014 to 2020 on a initiative called ¢â‚¬Å“Horizon 2020¢â‚¬ which encourages innovative medical technologies for patient benefit through research & development activities of large scale clinical trials.


Medical device companies are also anticipated to witness lucrative growth over the forecast period due to factors such as increasing adoption of electronic health records (EHRs), rising investment by manufacturers for developing advanced products with enhanced functionality, and favorable government regulations that support technological advancements related to medical devices & equipment manufacturing sector.


Regional Analysis:


North America dominated the global market in 2017. The presence of a large number of players, high adoption rate for advanced technologies, and the rising need to streamline operations are some factors driving this regional market. Moreover, increasing government funding and initiatives taken by organizations such as the National Institute for Health Care Analytics (NICTA), are expected to propel growth over the forecast period.


The Asia Pacific region is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure coupled with growing awareness about analytics among hospitals & clinics and an increase in investments from public & private entities. Furthermore, favorable regulatory policies that enable easy access to capital is also expected drive demand in this region thereby complementing regional growth.


Growth Factors:


  • Increasing demand for better and faster healthcare services is expected to drive the growth of the healthcare analytics market.
  • The growing popularity of big data and its increasing use in various industries is also expected to fuel the growth of the healthcare analytics market.
  • The increasing focus on reducing costs and improving efficiency in the healthcare sector is also anticipated to boost demand for healthcare analytics solutions over the forecast period.
  • The rising incidence of chronic diseases, which leads to increased need for timely diagnosis and treatment, is also projected to propel growth of this market in coming years.

Scope Of The Report

Report Attributes

Report Details

Report Title

Healthcare Analytics/Medical Analytics Market Research Report

By Type

Deploy Health Care Analysis Internally, Random Health Care Analysis

By Application

Pharmaceutical, Medical Device Companies

By Companies

ALLSCRIPTS HEALTHCARE SOLUTIONS, CERNER, HEALTH CATALYST, IBM, INOVALON, MCKESSON, MEDEANALYTICS, OPTUM, ORACLE, SAS INSTITUTE, SCIO HEALTH ANALYTICS, VERSCEND TECHNOLOGIES, CITIUSTECH, WIPRO

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

238

Number of Tables & Figures

167

Customization Available

Yes, the report can be customized as per your need.


Global Healthcare Analytics/Medical Analytics Market Report Segments:

The global Healthcare Analytics/Medical Analytics market is segmented on the basis of:

Types

Deploy Health Care Analysis Internally, Random Health Care Analysis

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

Pharmaceutical, Medical Device Companies

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:

  1. ALLSCRIPTS HEALTHCARE SOLUTIONS
  2. CERNER
  3. HEALTH CATALYST
  4. IBM
  5. INOVALON
  6. MCKESSON
  7. MEDEANALYTICS
  8. OPTUM
  9. ORACLE
  10. SAS INSTITUTE
  11. SCIO HEALTH ANALYTICS
  12. VERSCEND TECHNOLOGIES
  13. CITIUSTECH
  14. WIPRO

Global Healthcare Analytics/Medical Analytics Market Overview


Highlights of The Healthcare Analytics/Medical Analytics Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Deploy Health Care Analysis Internally
    2. Random Health Care Analysis
  1. By Application:

    1. Pharmaceutical
    2. Medical Device Companies
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Healthcare Analytics/Medical 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Healthcare Analytics/Medical Analytics Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Healthcare analytics is the use of data and analytics to improve patient care. Medical analytics is the application of statistical methods and modeling to healthcare data in order to identify patterns, trends, and relationships that may help clinicians make better decisions about patients' care.

Some of the major companies in the healthcare analytics/medical analytics market are ALLSCRIPTS HEALTHCARE SOLUTIONS, CERNER, HEALTH CATALYST, IBM, INOVALON, MCKESSON, MEDEANALYTICS, OPTUM, ORACLE, SAS INSTITUTE, SCIO HEALTH ANALYTICS, VERSCEND TECHNOLOGIES, CITIUSTECH, WIPRO.

The healthcare analytics/medical analytics market is expected to grow at a compound annual growth rate of 16.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Healthcare Analytics/Medical Analytics Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Healthcare Analytics/Medical Analytics Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Healthcare Analytics/Medical Analytics Market - Supply Chain
   4.5. Global Healthcare Analytics/Medical Analytics Market Forecast
      4.5.1. Healthcare Analytics/Medical Analytics Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Healthcare Analytics/Medical Analytics Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Healthcare Analytics/Medical Analytics Market Absolute $ Opportunity

5. Global Healthcare Analytics/Medical Analytics Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Type
      5.3.1. Deploy Health Care Analysis Internally
      5.3.2. Random Health Care Analysis
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Healthcare Analytics/Medical Analytics Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Application
      6.3.1. Pharmaceutical
      6.3.2. Medical Device Companies
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Healthcare Analytics/Medical Analytics Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Healthcare Analytics/Medical Analytics Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Healthcare Analytics/Medical Analytics Demand Share Forecast, 2019-2026

9. North America Healthcare Analytics/Medical Analytics Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Application
      9.4.1. Pharmaceutical
      9.4.2. Medical Device Companies
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Type
      9.7.1. Deploy Health Care Analysis Internally
      9.7.2. Random Health Care Analysis
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Healthcare Analytics/Medical Analytics Demand Share Forecast, 2019-2026

10. Latin America Healthcare Analytics/Medical Analytics Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Application
      10.4.1. Pharmaceutical
      10.4.2. Medical Device Companies
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Type
      10.7.1. Deploy Health Care Analysis Internally
      10.7.2. Random Health Care Analysis
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Healthcare Analytics/Medical Analytics Demand Share Forecast, 2019-2026

11. Europe Healthcare Analytics/Medical Analytics Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Application
      11.4.1. Pharmaceutical
      11.4.2. Medical Device Companies
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Type
      11.7.1. Deploy Health Cae Analysis Internally
      11.7.2. Random Health Care Analysis
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Healthcare Analytics/Medical Analytics Demand Share, 2019-2026

12. Asia Pacific Healthcare Analytics/Medical Analytics Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Application
      12.4.1. Pharmaceutical
      12.4.2. Medical Device Companies
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Type
      12.7.1. Deploy Health Care Analysis Internally
      12.7.2. Random Health Care Analysis
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Healthcare Analytics/Medical Analytics Demand Share, 2019-2026

13. Middle East & Africa Healthcare Analytics/Medical Analytics Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Healthcare Analytics/Medical Analytics Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Application
      13.4.1. Pharmaceutical
      13.4.2. Medical Device Companies
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Healthcare Analytics/Medical Analytics Market Size and Volume Forecast by Type
      13.7.1. Deploy Health Care Analysis Internally
      13.7.2. Random Health Care Analysis
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Healthcare Analytics/Medical Analytics Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Healthcare Analytics/Medical Analytics Market: Market Share Analysis
   14.2. Healthcare Analytics/Medical Analytics Distributors and Customers
   14.3. Healthcare Analytics/Medical Analytics Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. ALLSCRIPTS HEALTHCARE SOLUTIONS
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. CERNER
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. HEALTH CATALYST
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. IBM
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. INOVALON
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. MCKESSON
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. MEDEANALYTICS
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. OPTUM
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. ORACLE
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. SAS INSTITUTE
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. SCIO HEALTH ANALYTICS
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. VERSCEND TECHNOLOGIES
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. CITIUSTECH
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. WIPRO
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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