Healthcare Analytics Market Projected to Hit USD 169 Billion Size by 2030 Driven by Data-Driven Decision-Making

The Global Healthcare Analytics Market is gearing up for significant growth, projecting a robust advancement from approximately USD 45.12 billion in 2024 to a staggering USD 169 billion by 2030. This growth, which reflects a compound annual growth rate (CAGR) of around 24.6%, is driven by an increasing demand from healthcare providers and payers for data-driven insights to enhance operational efficiency, patient care, and cost management. With the accelerating initiatives to digitalize electronic health records (EHR), healthcare analytics has become essential in optimizing patient treatments, improving recovery rates, and streamlining administrative operations. The demand for advanced analytics tools is further catalyzed by the overarching need to address rising healthcare costs and the proliferation of chronic diseases globally.

"Healthcare Analytics Market Forecast"

> The healthcare analytics market is projected to grow at a CAGR of 24.6% during the forecast period of 2025-2030.

> By 2030, the market is expected to reach USD 169 billion, a remarkable increase from USD 45.12 billion in 2024.

> Descriptive analysis is set to maintain dominance, comprising around 52% of the market share.

> The Asia-Pacific region is forecasted to retain its leadership with about 48% market share due to its high concentration of healthcare facilities.

> Healthcare payers are anticipated to be the largest end-users, accounting for approximately 42% of the market.

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"Global Healthcare Analytics Market Trend"

Increasing Use of AI & ML in Predictive Analysis for Personalized Medicines - The use of AI and ML in doing the predictive analysis from the given data to define a specialized set of treatments and medicines has gained traction in recent years. These technologies provide the services in real-time without any need for human interventions that help the end-users make quicker decisions and enhance their value-based care capabilities. Some of the latest software that aligns with this trend include Alteryx, IBM SPSS, Clarify Health with AI-powered insights, Tableau for visualizing real-time data through dashboards, etc. Therefore, the use of AI and ML in various healthcare analytic tools to improve work efficiency and provide insights based on real-time data has gained popularity, and this trend is expected to continue in the coming years as well.

"Healthcare Analytics Market Regional Projections"

• North America

• South America

• Europe

• The Middle East & Africa

• Asia-Pacific

Regionally, Asia-Pacific dominates the market with a share of around 48%. This is because of the presence of a high number of hospitals and clinics in this region.

"Recent Industry Development"

> 2025: IQVIA collaborated with NVIDIA. This collaboration aimed to provide advanced AI-based analytics to the healthcare industry and life science companies.

"Key Takeaways from the Healthcare Analytics Market Report"

• The global healthcare analytics market is experiencing rapid growth, expected to reach USD 169 billion by 2030.

• Asia-Pacific is the leading region, driven by a high demand for efficient healthcare analytics solutions.

• Descriptive analysis currently dominates the market, driven by its cost-effectiveness.

• Significant investments and partnerships, especially in AI and machine learning, are shaping the future landscape of the market.

• Continuous developments in healthcare registries are expected to unlock new opportunities for personalized medicine and improved patient care.

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"Key Players Operating in the Healthcare Analytics Market"

Prominent players in the global healthcare analytics market include:

• IQVIA

• Merative

• Optum Inc.

• Oracle

• SAS Institute

• Veradigm

• CitiusTech

• EXL

• Health Catalyst

• Inovalon

• CVS Health

• Apixio Inc.

• COTIVITI

• Wipro

• Enlitic and more...

"Healthcare Analytics Market Segmentation Analysis"

The healthcare analytics market is segmented based on type, end-user, delivery mode, component, and application for comprehensive insights.

By Type

• Descriptive Analysis- Market Size & Forecast 2020-2030, USD Million

• Predictive Analysis- Market Size & Forecast 2020-2030, USD Million

• Prescriptive Analysis- Market Size & Forecast 2020-2030, USD Million

• Diagnostic Analysis- Market Size & Forecast 2020-2030, USD Million

By End-User

• Healthcare Providers- Market Size & Forecast 2020-2030, USD Million

• Healthcare Payers- Market Size & Forecast 2020-2030, USD Million

• Life Science Companies- Market Size & Forecast 2020-2030, USD Million

• Others- Market Size & Forecast 2020-2030, USD Million

By Delivery Mode

• On-Premise- Market Size & Forecast 2020-2030, USD Million

• Cloud-Based- Market Size & Forecast 2020-2030, USD Million

By Component

• Software- Market Size & Forecast 2020-2030, USD Million

• Hardware- Market Size & Forecast 2020-2030, USD Million

• Services- Market Size & Forecast 2020-2030, USD Million

By Application

• Clinical Data Analytics- Market Size & Forecast 2020-2030, USD Million

• Financial Data Analytics- Market Size & Forecast 2020-2030, USD Million

• Operational & Administrative Data Analytics- Market Size & Forecast 2020-2030, USD Million

• Population Health Analytics-Market Size & Forecast 2020-2030, USD Million

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"Questions to Consider"

• What strategies are key players adopting to enhance their market share in healthcare analytics?

• How are emerging technologies impacting the delivery and effectiveness of healthcare analytics?

• What measures can healthcare organizations implement to address data security risks associated with analytics?

• Which application areas show the highest growth potential within the healthcare analytics market?

• How is the increasing prevalence of chronic diseases influencing the demand for healthcare analytics solutions?

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"Browse More Research Report:"

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• Global Video Analytics Market is anticipated to witness around 23.3% CAGR during the forecast period, i.e., 2024-30. - Read More: [ https://www.marknteladvisors.com/research-library/video-analytics-market.html ]

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