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U.S. Healthcare Analytics Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Jul 2022
  • Country Level
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

U.S. Healthcare Analytics Market, By Type (Prescriptive Analytics, Predictive Analytics, Descriptive Analytics), Component (Services, Software, Hardware), Delivery (On-Demand, Cloud), End User (Payer, Hospital) – Industry Trends and Forecast to 2029

Market Analysis and Size

Analysis in the healthcare field focuses on various topics, including hospital management, patient records, diagnostics, daily costs, and others. The area of healthcare analytics includes both macro and micro levels of the healthcare industry. All the analyses are being brought together by healthcare analytics into one overarching analysis. Healthcare analytics unifies patient engagement, strategic planning, revenue cycle management, hospital management, core administration, electronic health records, patient monitoring systems, and precision medicine.

Data Bridge Market Research analyses that the U.S. healthcare analytics market which was USD 18.32 billion in 2021, would rocket up to USD 37.32 billion by 2029, and is expected to undergo a CAGR of 9.30% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Prescriptive Analytics, Predictive Analytics, Descriptive Analytics), Component (Services, Software, Hardware), Delivery (On-Demand, Cloud), End User (Payer, Hospital)

Market Players Covered

IBM (U.S.), Wipro (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.), Oracle (U.S.), SAS Institute Inc. (U.S.),  ExlService Holdings, Inc. (U.S.), CitiusTech Inc. (U.S.), IQVIA (U.S.), GENERAL ELECTRIC (U.S.)

Market Opportunities

  • Increasing demand for value-based care (VBC)
  • Increasing demand for healthcare data analysis

Market Definition

Clinical data analytics, a subfield of analysis that provides insights on both macro and micro levels into hospital administration, patient records, diagnostics, and other areas, is another name for healthcare analytics. It aids in providing real-time data that can assist in determining the path of the patient's future therapy.

U.S. Healthcare Analytics Market Dynamics

Drivers

  • Government programmes to boost EHR

The market for healthcare analytics is being driven by a number of important factors, including increasing pressure to reduce healthcare spending and improve patient outcomes, a growing emphasis on real-world evidence, and the use of big data in the industry. Adoption is the key factor accelerating market growth. In the forecast period of 2022–2029, increasing patient registries, the use of analytics in precision and personalised medicine, and a growing focus on value-based medicine will all help to open up new prospects for the market for U.S. healthcare analytics.

  • Research and development activities

Technology companies such as IBM, Oracle, and others are investing in the expansion of mHealth and online healthcare treatment. Likewise, the government is funding research and development to boost the U.S. healthcare analytics market.

  • Numerous new opportunities

Numerous new opportunities are likely to arise as a result of the development of technologies like PaaS. PaaS makes high-level programming easier, and this is driving the industry demand.

Opportunities

In the forecast period of 2022 to 2029, the application of analytics in precision and personalised medicine as well as cloud-based analytics offers lucrative potential to market participants. The future growth rate of the market for U.S. healthcare analytics will also be further accelerated by the increased emphasis on value-based medicine and the rise of augmented analytics.

Restraints/Challenges

The market for U.S. healthcare analytics will face additional challenges over the forecast period due to factors such as increased analytics solution costs, data privacy and theft concerns, and a lack of experienced personnel. However, data privacy concerns and a scarcity of skilled IT professionals in the healthcare industry have stifled market growth.

This U.S. 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 U.S. 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.

COVID-19 Impact on U.S. Healthcare Analytics Market

The COVID-19 pandemic significantly affected both the global population and the healthcare sector. Big data's significance in the healthcare sector has increased as a result of the epidemic. The development of prediction models for predicting the appearance of following waves of COVID-19 infection makes use of predictive and prescriptive analytics. Operational analytics are very helpful in managing patient data and COVID-19 bed allocation in ICU units.

U.S. Healthcare Analytics Market Scope

The U.S. healthcare analytics market is segmented on the basis of type, component, delivery and end-user. The growth amongst these segments will help you analyze 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

  • Prescriptive Analytics
  • Predictive Analytics
  • Descriptive Analytics

Component

  • Services
  • Software
  • Hardware

Delivery

  • On-Demand
  • On Premise

End User

  • Payer
  • Hospital

Competitive Landscape and U.S. Healthcare Analytics Market Share Analysis

The U.S. 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, global 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 U.S. healthcare analytics market.

Some of the major players operating in the U.S. healthcare analytics market are:

  • IBM (U.S.)
  • Wipro (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.)
  • Oracle (U.S.)
  • SAS Institute Inc. (U.S.)
  • ExlService Holdings, Inc. (U.S.)
  • CitiusTech Inc. (U.S.)
  • IQVIA (U.S.)
  • GENERAL ELECTRIC (U.S.)

Research Methodology: U.S. Healthcare Analytics Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed 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 can 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. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, 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.

Customization Available

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 (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The U.S. Healthcare Analytics Market value is projected USD 37.32 billion by 2029.
The U.S. Healthcare Analytics Market is to grow at a CAGR of 9.30% during the forecast by 2029.
The major players operating in the U.S. Healthcare Analytics Market are IBM (U.S.), Wipro (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.), Oracle (U.S.), SAS Institute Inc. (U.S.), ExlService Holdings, Inc. (U.S.), CitiusTech Inc. (U.S.), IQVIA (U.S.), GENERAL ELECTRIC (U.S.).
Type (Prescriptive Analytics, Predictive Analytics, Descriptive Analytics), Component (Services, Software, Hardware), Delivery (On-Demand, Cloud), End User (Payer, Hospital) are covered in the study.