Press release
Healthcare Predictive Analytics Market: Predicting Exponential Growth and New Opportunities
Harnessing the Power of Predictive Analytics in Healthcare: Market Trends, Growth Drivers, and Future OutlookWhat Is The Projected Market Size Of The Global Healthcare Predictive Analytics Market And Its Growth Rate?
The global healthcare predictive analytics market is poised for significant growth:
• 2024 Market Size: $20.95 billion
• 2025 Market Size: $25.85 billion (23.4% CAGR)
• 2029 Market Size: $70.43 billion (28.5% CAGR)
The growing healthcare expenditure, COVID-19 pandemic, increased integration of AI into healthcare, supportive government initiatives, implementation of personalized medicines, and rising prevalence of chronic diseases are factors propelling this expansion.
What Is Driving The Growth In The Healthcare Predictive Analytics Market?
The increasing incidence of chronic diseases globally drives the healthcare predictive analytics market. Chronic diseases necessitate long-term medical attention, commonly persisting for a person's lifetime. Predictive analytics enables healthcare providers to take proactive and personalized approaches to patient care - leading to improved outcomes, resource efficiency, and thus an effective healthcare system. As reported by the World Health Organization, non-communicable diseases (NCDs) or chronic diseases caused 74% of the 41 million deaths in September 2023 annually.
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Who Are the Key Players Driving Healthcare Predictive Analytics Market Growth?
Operation of the healthcare predictive analytics market includes:
• IBM
• UnitedHealth Group Incorporated
• Cerner Corp
• Change Healthcare Inc.
• Allscripts Healthcare Solutions, Inc.
• SAS Institute Inc.
• Wipro Limited
• TIBCO Software Inc.
• MedeAnalytics, Inc.
• And many more
What Are The Key Trends In The Healthcare Predictive Analytics Market?
Key market trends are contributing to the growth trajectory of healthcare predictive analytics market:
• The launch of AI-based predictive analytics platforms
• Government approval from different countries
• The launch of innovative products
• Partnerships and collaborations
What Are The Segments Of The Global Healthcare Predictive Analytics Market?
The market is segmented as follows:
• Component: Services, Software, Hardware
• Delivery Model: Stand Alone, Integrated
• Application: Operations Management, Financial, Population Health Management, Clinical
• End Use: Healthcare Payers, Healthcare Providers
Which Region Leads The Healthcare Predictive Analytics Market?
North America led the healthcare predictive analytics market in 2024. However, Asia-Pacific is likely to be the fastest-growing region in the forecast period. The market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Healthcare Predictive Analytics Market Global Market Report?
- Market Size Analysis: Analyze the Healthcare Predictive Analytics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Healthcare Predictive Analytics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Healthcare Predictive Analytics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Healthcare Predictive Analytics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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