Global Healthcare analytics Market worth over 293.3 billion USD by 2025

This research study is one of the most detailed and accurate ones that solely focus on the Global Healthcare analytics market. The authors of the report segment the Global Healthcare analytics market according to a type of product, application, and region. The segments studied in the report are analyzed on the basis of market share, consumption, production, market attractiveness, and other vital factors.

Global healthcare analytics market to reach USD 293.3 billion by 2025.

Global Healthcare analytics Market valued approximately USD 8.8 billion in 2017 is anticipated to grow with a healthy growth rate of more than 28.3 % over the forecast period 2018-2025. The advent of electronic records, mobile applications and eHealth has reduced the communication gap between healthcare providers and patients which is considered as a major growth trend for the global healthcare analytics market.

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Key drivers for the healthcare analytics market are integration of big data analytics in healthcare along with the government programs to promote the adoption of EHR. According to the Massachusetts Technology Collaborative (Mass Tech) in 2015, Massachusetts research universities, hospitals and institutions has received grants over $115 million from the federal government in the form of prime grants to fund 194 different big data projects. A majority of these grants were funded by the Department of Health and Human Services, as well as the National Science Foundation, NASA and NOAA among others. Most highly funded projects work to combine disparate data sets for highly complex analysis. Through this funding, almost half of these centers use data-driven, analytical research methods to develop technologies, create computational tools and provide insight into the field of healthcare and life sciences. Thus, government is making efforts to explore advantages of big data analytics in various industries including healthcare to enhance operational efficiency, thereby supplementing the adoption & growth healthcare analytics. Furthermore, growing demand of analytics in personalized and precision medicine is expected to create lucrative growth prospects of the healthcare analytics market across the globe. However, high cost associated with analytics solutions act as a key restraint for the market during the forecast period.

Major players profiled in the report

• Allscripts Healthcare Solutions
• Cerner
• Health Catalyst
• IBM
• Mckesson
• SAS Institute Inc.
• Oracle
• Wipro
• Optum
• Medeanalytics

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In this research study, the Global Healthcare analytics Market is segmented according to product type, component, delivery mode application and end-user

By Type

• Prescriptive
• Descriptive
• Predictive

By Component

• Software
• Hardware
• Services

By delivery-mode

• Web-based
• On-premise
• Cloud-based

By Application:

• Clinical
• Financial
• Operational and administrative

By End-user:

• Healthcare Payers
• Healthcare Providers
• Other End Users

By Regions:

• North America
• Europe
• Asia Pacific
• LAMEA
• ROW

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In this study, the years considered to estimate the market size of Global Healthcare analytics are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

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