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Market Size in USD Billion
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Europe Healthcare Analytics Market, By Type (Prescriptive Analytics, Predictive Analytics, Descriptive Analytics), Component (Services, Software, Hardware), Delivery Model (On-Demand, On-Premise), Application (Clinical Analytics, Population Health Analytics, Operational and Administrative Analytics, Financial Analytics), End-User (Healthcare Payers, Healthcare Providers and ACOS, HIES, MCOS, AND TPAS) – Industry Trends and Forecast to 2030.
The emergence of big data in the healthcare industry across the globe are the significant factors responsible for driving the growth of the healthcare analytics market. In addition, the rise in health awareness, surge in disposable income and significant increase in geriatric population also heighten the overall growth of the market.
Data Bridge Market Research analyses that the Europe healthcare analytics market which was USD 18.5 billion in 2022, would rocket up to USD 53.23 billion by 2030, and is expected to undergo a CAGR of 15.3% during the forecast period. This indicates that the market value. “Software” dominates the component segment of the healthcare analytics market owing to the increasing need for cost containment. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Prescriptive Analytics, Predictive Analytics, Descriptive Analytics), Component (Services, Software, Hardware), Delivery Model (On-Demand, On-Premise), Application (Clinical Analytics, Population Health Analytics, Operational and Administrative Analytics, Financial Analytics), End-User (Healthcare Payers, Healthcare Providers and ACOS, HIES, MCOS, AND TPAS)
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Countries Covered
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Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe
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Market Players Covered
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IBM India Pvt Ltd (U.S.), Flatiron (U.S.), Lumiata (U.S.), Wipro Limited (India), Allscripts Healthcare, LLC (U.S.), Cerner Corporation (U.S.), Health Catalyst (U.S.), Inovalon (U.S.), McKesson Corporation (U.S.), MEDEANALYTICS, INC. (U.S.), Optum, Inc. (U.S.), Ayasdi AI LLC (U.S.), Oracle (U.S.), SAS Institute Inc. (U.S.),, ExlService Holdings, Inc (U.S.),, Roam Analytics (U.S.),, Health Fidelity, Inc, (U.S.), CitiusTech Inc. (U.S.), Vitreos Health (U.S.),, IQVIA (U.S.),, and GENERAL ELECTRIC(U.S.)
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Market Opportunities
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Market Definition
Healthcare analytics is also referred as clinical data analytics is analytics that basically aids in providing real-time data that can help in deciding the course of future treatment of the patient. It is branch of analysis that offers insights into hospital management, patient records, diagnosis and more providing insights on macro and micro levels.
Drivers
The widespread implementation of EHRs and digital healthcare systems generates a vast amount of data that can be analyzed to gain insights and improve patient care.
Healthcare organizations are seeking ways to effectively manage and analyze large volumes of data to enhance decision-making, optimize resource utilization, and improve operational efficiency.
Real-time analytics allows healthcare practitioners to make educated decisions in real time, resulting in better patient outcomes. Predictive analytics aids in the identification of possible dangers and allows for early intervention, resulting in better preventative treatment.
Governments all across the globe are enacting regulations and programmes to promote the use of healthcare analytics. These programmes seek to increase healthcare quality while lowering costs and improving population health outcomes.
Opportunities
Scalability, flexibility, and cost-effectiveness of cloud-based analytics solutions enable healthcare organisations of all sizes to access advanced analytics capabilities without major upfront investments.
Integrating healthcare analytics with wearable devices and mobile health apps allows for continuous monitoring of patient health data. This link increases the possibility of real-time analytics and personalised treatments.
Restraints
The absence of interoperability and standardised data formats creates issues in gathering and integrating data from diverse sources, affecting the accuracy and completeness of analytics insights.
The demand for skilled professionals proficient in healthcare analytics outpaces the availability of talent, creating a skills gap. Organizations face challenges in recruiting and retaining qualified individuals for data analysis and interpretation.
Challenges
The healthcare analytics market is highly competitive, with numerous vendors offering a wide range of analytics solutions. Intense competition can lead to pricing pressures and challenges in differentiating products and services.
Implementing healthcare analytics requires changes in workflows and clinical practices. Resistance to change among healthcare professionals, including physicians and clinicians, can hinder the adoption and effective utilization of healthcare analytics solutions.
This Europe healthcare analytics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Europe healthcare analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth
Recent Development
The Europe ear and nasal packing market is segmented on the basis of type, component, delivery model, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Component
Delivery Model
Application
End User
The Europe healthcare analytics is analysed and market size insights and trends are provided by country, type, component, delivery model, application and end user as referenced above.
The countries covered in the Europe healthcare analytics market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and rest of Europe in Europe.
Germany dominates the Europe healthcare analytics market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the Growing adoption of electronic health records (EHRs) and other digital healthcare systems. Also, other significant factors that will escalate the market’s growth in this region include the presence of major key players and rising demand for real-time and predictive analytics in healthcare decision-making.
The country section of the Europe healthcare analytics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and up-stream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The Europe healthcare analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Europe healthcare analytics market.
Some of the major players operating in the Europe healthcare analytics market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.