Healthcare Predictive Analytics Market Trends That Will Shape the Next Decade: Insights from Innovations and Trends in the Healthcare Predictive Analytics Market

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How Large Will the Healthcare Predictive Analytics Market Size By 2025?
The market size of healthcare predictive analytics has seen significant expansion in the last few years. The market is projected to escalate from $20.95 billion in 2024 to reach $25.85 billion in 2025, recording a compound annual growth rate (CAGR) of 23.4%. The historical growth can be linked to the rise in healthcare spending, the ongoing COVID-19 pandemic, and the rising incorporation of AI in the healthcare realm.

How Big Is the Healthcare Predictive Analytics Market Size Expected to Grow by 2029?
The market size of healthcare predictive analytics is anticipated to witness a significant surge in the upcoming years, projected to reach $70.43 billion by 2029, growing at a CAGR of 28.5%. The escalation during the predicted period could be attributed to factors such as the rising acceptance of healthcare facilities, initiatives promoted by the government, the growing emphasis on personalized medicines and an increasing occurrence of chronic diseases. Noteworthy developments predicted in this period encompass the introduction of an AI-based predictive analytics platform, seeking government approval from various countries, unveiling groundbreaking products, and concentrating on establishing partnerships and collaborations.

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Which Key Market Drivers Powering Healthcare Predictive Analytics Market Expansion and Growth?
The surge in chronic diseases is predicted to boost the healthcare predictive analytics market's growth. These diseases are long-term medical conditions often lasting through a person's life. Predictive analytics as it relates to chronic diseases allows health practitioners to adopt a proactive, personalized approach to patient care, thereby enhancing outcomes, resource efficiency and efficacy of the healthcare system. For example, in September 2023, the World Health Organization, a specific agency from Switzerland belonging to the United Nations, reported that there were 41 million deaths globally, 74% of which were caused by non-communicable diseases (NCDs) or chronic diseases annually. There were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Consequently, the rise in chronic illnesses is spurring the growth of the healthcare predictive analytics market.

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Which Fast-Growing Trends Are Poised to Disrupt the Healthcare Predictive Analytics Market?
Leading companies in the healthcare predictive analytics market are prioritizing the integration of progressive technologies, such as artificial intelligence (AI), into healthcare infrastructure to augment data analysis efficiency, enhance patient outcomes, and lower operational expenses. The inclusion of AI in healthcare systems implies the application of sophisticated algorithms and machine learning models to sift through enormous quantities of medical data, assisting in functions like diagnosis, treatment advice, and operational productivity. For example, Innovaccer Inc., a US software firm, in August 2024, initiated a project called the Government Health AI Data and Analytics Platform (GHAAP). This unique integrated solution aims to upgrade data modernization and interoperability within governmental healthcare systems, with particular emphasis on Medicaid and public health agendas. The platform brings together various data sources and employs AI-driven analytics to enhance decision-making capabilities, operational productivity, and health equality.

What Are the Emerging Segments in the Healthcare Predictive Analytics Market?
The healthcare predictive analytics market covered in this report is segmented -

1) By Component: Services, Software, Hardware
2) By Delivery Model: Stand Alone, Integrated
3) By Application: Operations Management, Financial, Population Health Management, Clinical
4) By End Use: Healthcare Payers , Healthcare Providers

Subsegments:
1) By Services: Consulting Services, Implementation Services, Support and Maintenance Services
2) By Software: Standalone Predictive Analytics Software, Integrated Healthcare Analytics Platforms, Cloud-Based Predictive Analytics Solutions
3) By Hardware: Servers, Storage Devices, Networking Equipment

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Who Are the Global Leaders in the Healthcare Predictive Analytics Market?
Major companies operating in the healthcare predictive analytics market include IBM, UnitedHealth Group Incorporated, Cerner Corp, Change Healthcare Inc., Allscripts Healthcare Solutions, Inc., SAS Institute Inc., Wipro Limited, TIBCO Software Inc., MedeAnalytics, Inc., Health Catalyst, Practo, Mfine, Medi Buddy, Indegene, Ping A Good Doctor, JD Health, Aindra Systems Pvt. Ltd, Artificial Learning Systems Pvt. Ltd, Niramai Health Analytix Pvt. Ltd, Qure.ai, Insilico Medicine, Insigma Hengtian Software Ltd, Skin Analytics, Babylon Health, Cambridge Cognition, DeepMind Technologies, BenevolentAI, Renalytix AI, Exscientia, Iktos, Better Doc, Biovotion, BrainControl, Coimbra Genomics, Dacadoo, Doctoralia, Emperra, Exovite, Healthbank, NeurNation, Nutrino, Psious, Px Healthcare, SilverCloud, TrialReach, XtremeVRI, Novartis, Webiomed, Botkin, Gero, Ardigen, MediSensum, Care Mentor AI, Diagnocat, IQVIA, deltAlyz Canada, Pilotcore, McKesson Corporation, Microsoft Corporation, Apixio Inc, ThirdEye Data Analytics Services Pvt. Ltd, Synergo Group, Roche, Pfizer, PRA Health science, Gesto, Intensicare, Didoc, Deenty, Examedi, Dentalink, Cero, Wecancer, MedPass, Pixeon, Hi Technologies, Conexa Saude, Wuru, Yerbo, Welii, BioScience, Caecus, Epitrack, GE Healthcare, Deep Genomics Inc, Dhoner Healthtech, Welltok Inc, Oncora Medical, Recursion Pharmaceuticals Inc, Nucleai, Pepticom, Nvidia Corporation, Safermom, Ubenwa, Medsaf, GenRx,AstraZeneca, Rology, hearX Group, DilenyTech, iNNOHEALTH Technology Solutions

Which are the Top Profitable Regional Markets for the Healthcare Predictive Analytics Industry?
North America was the largest region in the healthcare predictive analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare predictive analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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