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Healthcare Analytics - Global Market Trajectory & Analytics

  • ID: 4804981
  • Report
  • April 2021
  • Region: Global
  • 227 pages
  • Global Industry Analysts, Inc
Global Healthcare Analytics Market to Reach $84.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Healthcare Analytics estimated at US$17.4 Billion in the year 2020, is projected to reach a revised size of US$84.3 Billion by 2027, growing at a CAGR of 25.3% over the analysis period 2020-2027. Descriptive Analytics, one of the segments analyzed in the report, is projected to record a 24.7% CAGR and reach US$41.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Predictive Analytics segment is readjusted to a revised 25.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 24.7% CAGR

The Healthcare Analytics market in the U.S. is estimated at US$5.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$14.6 Billion by the year 2027 trailing a CAGR of 24.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.6% and 21.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17.8% CAGR.

Prescriptive Analytics Segment to Record 27.7% CAGR

In the global Prescriptive Analytics segment, USA, Canada, Japan, China and Europe will drive the 27.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.2 Billion in the year 2020 will reach a projected size of US$12 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10 Billion by the year 2027.

Select Competitors (Total 44 Featured):
  • IBM Corporation
  • 3M Company
  • Oracle Corporation
  • Philips Healthcare
  • SAS Institute, Inc.
  • Cerner Corporation
  • McKesson Corporation
  • Allscripts Healthcare Solutions, Inc.
  • Information Builders, Inc.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Healthcare Analytics: An introduction
  • Outlook
  • Healthcare Analytics Trends
  • Technologies Reshaping Healthcare
  • Healthcare Analytics Playing a Vital Role in Patient care
  • Big Data Analytics and Expanding Application in Healthcare
  • Review of Healthcare Trends
  • Regulatory compliance to Drive Adoption
  • Adoption of Advanced Analytics to Transform Healthcare Ecosystem
  • Active Players in United States
  • Active Players in Canada
  • Active Players in Japan
  • Active Players in China
  • Active Players in France
  • Active Players in Germany
  • Active Players in Italy
  • Active Players in United Kingdom
  • Active Players in Rest of Europe
  • Active Players in Asia-Pacific
  • Active Players in Rest of World
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown