Summary
The global Healthcare Data Analytics Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Healthcare data analytics deals with huge amount of data of patients and uses this information to help improve the health of patients and to provide better care. Using healthcare data analytics to determine patient costs is an important step toward improving the quality of care. The use of analytics to identify high-risk patients early can lead to better care and lower costs. The analysis of data from healthcare organizations can reveal areas for improvement. It can also help identify ways to improve patient care, as well as it can help healthcare providers manage their business more efficiently, and improve patient satisfaction. A better understanding of how patients are diagnosed and treated can improve their overall health and care.
Drivers:
Emerging advanced analytics methods are expected to fuel growth of the global healthcare data analytics market during the forecast period. In December 2020, Amazon Web Services launched a HIPAA-eligible service, Amazon HealthLake, which aims to gather complete data of a healthcare organization over different siloes and different formats into a centralized data lake to automatically standardize the data using machine learning techniques and further drive the use of big data analytics in healthcare. Furthermore, increasing demand for personalized medications and treatment is expected to drive growth of the global healthcare data analytics market during the forecast period.
Restraints:
High cost of analytics solutions is expected to hamper growth of the global healthcare data analytics market during the forecast period.
Regional Analysis:
Among regions, North America is expected to witness significant growth in the global healthcare data analytics market during the forecast period, owing to technological development and rising prevalence of chronic disorders in the region. Moreover, Asia Pacific is also expected to witness strong growth in the market due to adoption of advanced analytical solutions and advancement in healthcare infrastructure.
Key Players:
Key players operating in the global healthcare data analytics market include Optum, Inc., McKesson Corporation, IBM, SAS Institute, Inc., Oracle, Verisk Analytics, Inc., IQVIA, Truven Health Analytics, Inc., Elsevier, Medeanalytics, Inc., Cerner Corporation, and Allscripts Healthcare Solutions, Inc.
In December 2020, Cerner Corporation acquired Kantar Health, a leading data analytics and real-world evidence and commercial research consultancy in the life science industry. Cerner plans to harness data for improving safety and efficiency of pharmaceuticals, healthcare, and clinical research across life sciences with this acquisition.
The Healthcare Data Analytics Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Healthcare Data Analytics Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Allscripts (US)
- Cerner (US)
- Health Catalyst (US)
- IBM (US)
- Inovalon (US)
- McKesson (US)
- MedeAnalytics (US)
- Optum (US)
- Oracle (US)
- SAS (US)
- Wipro (India)
- Verscend (US)
- CitusTech (US)
- VitreosHealth (US)
- SCIO Health (US)
By the Product Type, the market is primarily segmented into:
- Descriptive
- Predictive
- Prescriptive
By Applications, the market is segmented into:
- Clinical
- Hospital
- Goverment
- Others
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Healthcare Data Analytics Market Report:
- To assess the size of the market by value and volume
- Analyze the Healthcare Data Analytics Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Healthcare Data Analytics Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Healthcare Data Analytics Market
The Healthcare Data Analytics Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Healthcare Data Analytics Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Contents
Healthcare Data Analytics Market Report by Company, Regions, Types and Applications, Global Status and Forecast to 2025
1 Industry Overview of Healthcare Data Analytics
1.1 Healthcare Data Analytics Market Overview
1.1.1 Healthcare Data Analytics Product Scope
1.1.2 Market Status and Outlook
1.2 Global Healthcare Data Analytics Market Size and Analysis by Regions
1.2.1 North America
1.2.2 Europe
1.2.3 China
1.2.4 Rest of Asia Pacific
1.2.5 Central & South America
1.2.6 Middle East & Africa
1.3 Healthcare Data Analytics Market by Type
1.3.1 Global Healthcare Data Analytics Revenue (Million US$) and Growth Comparison by Type (2014-2025)
1.3.2 Global Healthcare Data Analytics Revenue Market Share by Type in 2018
1.3.3 Descriptive
1.3.4 Predictive
1.3.5 Prescriptive
1.4 Healthcare Data Analytics Market by End Users/Application
1.4.1 Clinical
1.4.2 Hospital
1.4.3 Goverment
1.4.4 Others
2 Global Healthcare Data Analytics Competition Analysis by Players
2.1 Global Healthcare Data Analytics Market Size (Million US$) by Players (2014-2019)
2.2 Competitive Status
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 Mergers & Acquisitions, Expansion Plans
3 Company (Top Players) Profiles and Key Data
3.1 Allscripts (US)
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Healthcare Data Analytics Revenue (Value) (2014-2019)
3.1.5 Recent Developments
3.2 Cerner (US)
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Healthcare Data Analytics Revenue (Value) (2014-2019)
3.2.5 Recent Developments
3.3 Health Catalyst (US)
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Healthcare Data Analytics Revenue (Value) (2014-2019)
3.3.5 Recent Developments
3.4 IBM (US)
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Healthcare Data Analytics Revenue (Value) (2014-2019)
3.4.5 Recent Developments
3.5 Inovalon (US)
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 Healthcare Data Analytics Revenue (Value) (2014-2019)
3.5.5 Recent Developments
3.6 McKesson (US)
3.6.1 Company Profile
3.6.2 Main Business/Business Overview
3.6.3 Products, Services and Solutions
3.6.4 Healthcare Data Analytics Revenue (Value) (2014-2019)
3.6.5 Recent Developments
3.7 MedeAnalytics (US)
3.7.1 Company Profile
3.7.2 Main Business/Business Overview
3.7.3 Products, Services and Solutions
3.7.4 Healthcare Data Analytics Revenue (Value) (2014-2019)
3.7.5 Recent Developments
3.8 Optum (US)
3.8.1 Company Profile
3.8.2 Main Business/Business Overview
3.8.3 Products, Services and Solutions
3.8.4 Healthcare Data Analytics Revenue (Value) (2014-2019)
3.8.5 Recent Developments
3.9 Oracle (US)
3.9.1 Company Profile
3.9.2 Main Business/Business Overview
3.9.3 Products, Services and Solutions
3.9.4 Healthcare Data Analytics Revenue (Value) (2014-2019)
3.9.5 Recent Developments
3.10 SAS (US)
3.10.1 Company Profile
3.10.2 Main Business/Business Overview
3.10.3 Products, Services and Solutions
3.10.4 Healthcare Data Analytics Revenue (Value) (2014-2019)
3.10.5 Recent Developments
3.11 Wipro (India)
3.12 Verscend (US)
3.13 CitusTech (US)
3.14 VitreosHealth (US)
3.15 SCIO Health (US)
4 Global Healthcare Data Analytics Market Size by Type and Application (2014-2019)
4.1 Global Healthcare Data Analytics Market Size by Type (2014-2019)
4.2 Global Healthcare Data Analytics Market Size by Application (2014-2019)
4.3 Potential Application of Healthcare Data Analytics in Future
4.4 Top Consumer/End Users of Healthcare Data Analytics
5 North America Healthcare Data Analytics Development Status and Outlook
5.1 North America Healthcare Data Analytics Market Size (2014-2019)
5.2 North America Healthcare Data Analytics Market Size and Market Share by Players (2014-2019)
5.3 North America Healthcare Data Analytics Market Size by Application (2014-2019)
6 Europe Healthcare Data Analytics Development Status and Outlook
6.1 Europe Healthcare Data Analytics Market Size (2014-2019)
6.2 Europe Healthcare Data Analytics Market Size and Market Share by Players (2014-2019)
6.3 Europe Healthcare Data Analytics Market Size by Application (2014-2019)
7 China Healthcare Data Analytics Development Status and Outlook
7.1 China Healthcare Data Analytics Market Size (2014-2019)
7.2 China Healthcare Data Analytics Market Size and Market Share by Players (2014-2019)
7.3 China Healthcare Data Analytics Market Size by Application (2014-2019)
8 Rest of Asia Pacific Healthcare Data Analytics Development Status and Outlook
8.1 Rest of Asia Pacific Healthcare Data Analytics Market Size (2014-2019)
8.2 Rest of Asia Pacific Healthcare Data Analytics Market Size and Market Share by Players (2014-2019)
8.3 Rest of Asia Pacific Healthcare Data Analytics Market Size by Application (2014-2019)
9 Central & South America Healthcare Data Analytics Development Status and Outlook
9.1 Central & South America Healthcare Data Analytics Market Size (2014-2019)
9.2 Central & South America Healthcare Data Analytics Market Size and Market Share by Players (2014-2019)
9.3 Central & South America Healthcare Data Analytics Market Size by Application (2014-2019)
10 Middle East & Africa Healthcare Data Analytics Development Status and Outlook
10.1 Middle East & Africa Healthcare Data Analytics Market Size (2014-2019)
10.2 Middle East & Africa Healthcare Data Analytics Market Size and Market Share by Players (2014-2019)
10.3 Middle East & Africa Healthcare Data Analytics Market Size by Application (2014-2019)
11 Market Forecast by Regions and Application (2019-2025)
11.1 Global Healthcare Data Analytics Market Size by Regions (2019-2025)
11.1.1 North America Healthcare Data Analytics Revenue and Growth Rate (2019-2025)
11.1.2 Europe Healthcare Data Analytics Revenue and Growth Rate (2019-2025)
11.1.3 China Healthcare Data Analytics Revenue and Growth Rate (2019-2025)
11.1.4 Rest of Asia Pacific Healthcare Data Analytics Revenue and Growth Rate (2019-2025)
11.1.5 Central & South America Healthcare Data Analytics Revenue and Growth Rate (2019-2025)
11.1.6 Middle East & Africa Healthcare Data Analytics Revenue and Growth Rate (2019-2025)
11.2 Global Healthcare Data Analytics Market Size by Application (2019-2025)
11.3 The Market Drivers in Future
12 Healthcare Data Analytics Market Dynamics
12.1 Industry Trends
12.2 Market Drivers
12.3 Market Challenges
12.4 Porters Five Forces Analysis
13 Research Finding /Conclusion
14 Methodology and Data Source
14.1 Methodology/Research Approach
14.1.1 Research Programs/Design
14.1.2 Market Size Estimation
14.1.3 Market Breakdown and Data Triangulation
14.2 Data Source
14.2.1 Secondary Sources
14.2.2 Primary Sources
14.3 Disclaimer
14.4 Author List
List of Table
List of Tables and Figures
Figure Global Healthcare Data Analytics Market Size (Million USD) Status and Outlook (2014-2025)
Table Global Healthcare Data Analytics Market Size (Million USD) and Growth Rate by Regions (2014-2025)
Figure Global Healthcare Data Analytics Market Share by Regions (2014-2019)
Figure North America Healthcare Data Analytics Market Size (Million USD) and Growth Rate (2014-2019)
Figure Europe Healthcare Data Analytics Market Size (Million USD) and Growth Rate (2014-2019)
Figure China Healthcare Data Analytics Market Size (Million USD) and Growth Rate (2014-2019)
Figure Rest of Asia Pacific Healthcare Data Analytics Market Size (Million USD) and Growth Rate (2014-2019)
Figure Central & South America Healthcare Data Analytics Market Size (Million USD) and Growth Rate (2014-2019)
Figure Middle East & Africa Healthcare Data Analytics Market Size (Million USD) and Growth Rate (2014-2019)
Figure Global Healthcare Data Analytics Market Share by Type in 2018 & 2025
Figure Descriptive Market Size (Million USD) and Growth Rate (2014-2019)
Figure Predictive Market Size (Million USD) and Growth Rate (2014-2019)
Figure Prescriptive Market Size (Million USD) and Growth Rate (2014-2019)
Table Global Healthcare Data Analytics Market Size (Million US$) Comparison by Application (2014-2025)
Figure Global Healthcare Data Analytics Market Share by Application in 2018 & 2025
Figure Healthcare Data Analytics Market Size (Million USD) and Growth Rate in Clinical (2014-2019)
Figure Healthcare Data Analytics Market Size (Million USD) and Growth Rate in Hospital (2014-2019)
Figure Healthcare Data Analytics Market Size (Million USD) and Growth Rate in Goverment (2014-2019)
Figure Healthcare Data Analytics Market Size (Million USD) and Growth Rate in Others (2014-2019)
Table Global Healthcare Data Analytics Revenue (Million US$) by Players (2014-2019)
Table Global Healthcare Data Analytics Revenue Market Share by Players (2014-2019)
Eigure Healthcare Data Analytics Market Size Share by Players in 2018
Table Global Healthcare Data Analytics Manufacturers Market Concentration Ratio (CR5 and HHI)
Figure Global Top 5 Players Healthcare Data Analytics Market Share in 2018
Figure Global Top 10 Players Healthcare Data Analytics Market Share in 2018
Table Healthcare Data Analytics Key Players Product/Service
Table Mergers & Acquisitions, Expansion Plans
Table Allscripts (US) Basic Information List
Table Allscripts (US) Description and Business Overview
Table Allscripts (US) Healthcare Data Analytics Products, Services and Solutions
Table Revenue (Million US$) in Healthcare Data Analytics Business of Allscripts (US) (2014-2019)
Table Allscripts (US) Healthcare Data Analytics Recent Developments
Table Cerner (US) Basic Information List
Table Cerner (US) Description and Business Overview
Table Cerner (US) Healthcare Data Analytics Products, Services and Solutions
Table Revenue (Million US$) in Healthcare Data Analytics Business of Cerner (US) (2014-2019)
Table Cerner (US) Healthcare Data Analytics Recent Developments
Table Health Catalyst (US) Basic Information List
Table Health Catalyst (US) Description and Business Overview
Table Health Catalyst (US) Healthcare Data Analytics Products, Services and Solutions
Table Revenue (Million US$) in Healthcare Data Analytics Business of Health Catalyst (US) (2014-2019)
Table Health Catalyst (US) Healthcare Data Analytics Recent Developments
Table IBM (US) Basic Information List
Table IBM (US) Description and Business Overview
Table IBM (US) Healthcare Data Analytics Products, Services and Solutions
Table Revenue (Million US$) in Healthcare Data Analytics Business of IBM (US) (2014-2019)
Table IBM (US) Healthcare Data Analytics Recent Developments
Table Inovalon (US) Basic Information List
Table Inovalon (US) Description and Business Overview
Table Inovalon (US) Healthcare Data Analytics Products, Services and Solutions
Table Revenue (Million US$) in Healthcare Data Analytics Business of Inovalon (US) (2014-2019)
Table Inovalon (US) Healthcare Data Analytics Recent Developments
Table McKesson (US) Basic Information List
Table McKesson (US) Description and Business Overview
Table McKesson (US) Healthcare Data Analytics Products, Services and Solutions
Table Revenue (Million US$) in Healthcare Data Analytics Business of McKesson (US) (2014-2019)
Table McKesson (US) Healthcare Data Analytics Recent Developments
Table MedeAnalytics (US) Basic Information List
Table MedeAnalytics (US) Description and Business Overview
Table MedeAnalytics (US) Healthcare Data Analytics Products, Services and Solutions
Table Revenue (Million US$) in Healthcare Data Analytics Business of MedeAnalytics (US) (2014-2019)
Table MedeAnalytics (US) Healthcare Data Analytics Recent Developments
Table Optum (US) Basic Information List
Table Optum (US) Description and Business Overview
Table Optum (US) Healthcare Data Analytics Products, Services and Solutions
Table Revenue (Million US$) in Healthcare Data Analytics Business of Optum (US) (2014-2019)
Table Optum (US) Healthcare Data Analytics Recent Developments
Table Oracle (US) Basic Information List
Table Oracle (US) Description and Business Overview
Table Oracle (US) Healthcare Data Analytics Products, Services and Solutions
Table Revenue (Million US$) in Healthcare Data Analytics Business of Oracle (US) (2014-2019)
Table Oracle (US) Healthcare Data Analytics Recent Developments
Table SAS (US) Basic Information List
Table SAS (US) Description and Business Overview
Table SAS (US) Healthcare Data Analytics Products, Services and Solutions
Table Revenue (Million US$) in Healthcare Data Analytics Business of SAS (US) (2014-2019)
Table SAS (US) Healthcare Data Analytics Recent Developments
Table Wipro (India) Basic Information List
Table Verscend (US) Basic Information List
Table CitusTech (US) Basic Information List
Table VitreosHealth (US) Basic Information List
Table SCIO Health (US) Basic Information List
Table Global Healthcare Data Analytics Market Size by Type (2014-2019) (Million US$)
Figure Global Healthcare Data Analytics Revenue Market Share by Type in 2018
Table Global Healthcare Data Analytics Market Size by Application (2014-2019) (Million US$)
Figure Global Healthcare Data Analytics Revenue Market by Application in 2018
Table Top Consumer/End Users of Healthcare Data Analytics
Figure North America Healthcare Data Analytics Market Size and Growth Rate(2014-2019) (Million USD)
Table North America Healthcare Data Analytics Market Size by Players (2014-2019)(Million US$)
Figure North America Healthcare Data Analytics Market Size Share by Players in 2018
Table North America Healthcare Data Analytics Market Size by Application (2014-2019) (Million US$)
Figure North America Healthcare Data Analytics Revenue Market Share by Application (2014-2019)
Figure North America Healthcare Data Analytics Market Size Share by Application in 2018
Figure Europe Healthcare Data Analytics Market Size and Growth Rate(2014-2019) (Million USD)
Table Europe Healthcare Data Analytics Market Size by Players (2014-2019)(Million US$)
Figure Europe Healthcare Data Analytics Market Size Share by Players in 2018
Table Europe Healthcare Data Analytics Market Size by Application (2014-2019) (Million US$)
Figure Europe Healthcare Data Analytics Revenue Market Share by Application (2014-2019)
Figure Europe Healthcare Data Analytics Market Size Share by Application in 2018
Figure China Healthcare Data Analytics Market Size and Growth Rate(2014-2019) (Million USD)
Table China Healthcare Data Analytics Market Size by Players (2014-2019)(Million US$)
Figure China Healthcare Data Analytics Market Size Share by Players in 2018
Table China Healthcare Data Analytics Market Size by Application (2014-2019) (Million US$)
Figure China Healthcare Data Analytics Revenue Market Share by Application (2014-2019)
Figure China Healthcare Data Analytics Market Size Share by Application in 2018
Figure Rest of Asia Pacific Healthcare Data Analytics Market Size and Growth Rate(2014-2019) (Million USD)
Table Rest of Asia Pacific Healthcare Data Analytics Market Size by Players (2014-2019)(Million US$)
Figure Rest of Asia Pacific Healthcare Data Analytics Market Size Share by Players in 2018
Table Rest of Asia Pacific Healthcare Data Analytics Market Size by Application (2014-2019) (Million US$)
Figure Rest of Asia Pacific Healthcare Data Analytics Revenue Market Share by Application (2014-2019)
Figure Rest of Asia Pacific Healthcare Data Analytics Market Size Share by Application in 2018
Figure Central & South America Healthcare Data Analytics Market Size and Growth Rate(2014-2019) (Million USD)
Table Central & South America Healthcare Data Analytics Market Size by Players (2014-2019)(Million US$)
Figure Central & South America Healthcare Data Analytics Market Size Share by Players in 2018
Table Central & South America Healthcare Data Analytics Market Size by Application (2014-2019) (Million US$)
Figure Central & South America Healthcare Data Analytics Revenue Market Share by Application (2014-2019)
Figure Central & South America Healthcare Data Analytics Market Size Share by Application in 2018
Figure Middle East & Africa Healthcare Data Analytics Market Size and Growth Rate(2014-2019) (Million USD)
Table Middle East & Africa Healthcare Data Analytics Market Size by Players (2014-2019)(Million US$)
Figure Middle East & Africa Healthcare Data Analytics Market Size Share by Players in 2018
Table Middle East & Africa Healthcare Data Analytics Market Size by Application (2014-2019) (Million US$)
Figure Middle East & Africa Healthcare Data Analytics Revenue Market Share by Application (2014-2019)
Figure Middle East & Africa Healthcare Data Analytics Market Size Share by Application in 2018
Figure Global Healthcare Data Analytics Market Size and Growth Rate (Value) (2019-2025) (Million US$)
Table Global Healthcare Data Analytics Market Size by Regions (2019-2025) (Million US$)
Figure Global Healthcare Data Analytics Market Size Share by Regions (2019-2025)
Figure Global Healthcare Data Analytics Market Size Share by Regions in 2025
Figure North America Healthcare Data Analytics Revenue (Million USD) and Growth Rate (2019-2025)
Figure Europe Healthcare Data Analytics Revenue (Million USD) and Growth Rate (2019-2025)
Figure China Healthcare Data Analytics Revenue (Million USD) and Growth Rate (2019-2025)
Figure Rest of Asia Pacific Healthcare Data Analytics Revenue (Million USD) and Growth Rate (2019-2025)
Figure Central & South America Healthcare Data Analytics Revenue (Million USD) and Growth Rate (2019-2025)
Figure Middle East & Africa Healthcare Data Analytics Revenue (Million USD) and Growth Rate (2019-2025)
Table Global Healthcare Data Analytics Market Size by Application (2019-2025) (Million USD)
Figure Global Healthcare Data Analytics Market Size by Application (2019-2025)
Figure Global Healthcare Data Analytics Market Size by Application in 2025
Table Global Healthcare Data Analytics Market Size by Type (2019-2025) (Million US$)
Figure Global Healthcare Data Analytics Market Size by Type (2019-2025)
Figure Global Healthcare Data Analytics Market Size by Type in 2025
Table Market Top Trends
Table Key Drivers: Impact Analysis (2019-2025)
Table Key Challenges
Figure Porter's Five Forces Analysis
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources
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