Healthcare Predictive Analytics Market By Application, By Component By End-User : Global Opportunity Analysis and Industry Forecast, 2024-2033

Description

The global healthcare predictive analytics market was valued at $14.6 billion in 2023, and is projected to reach $128.2 billion by 2033, growing at a CAGR of 24.3% from 2024 to 2033.

Predictive analytics is the process of using data to forecast future outcomes. The process uses data analysis, machine learning, artificial intelligence, and statistical models to find patterns that might predict future behavior. Healthcare practitioners can use predictive analytics to identify possibilities to make more effective and efficient clinical and operational decisions, forecast trends, and even control the spread of illnesses by analyzing historical and current healthcare data.

The growth of the healthcare predictive analytics market is driven by numerous factors. One of the primary drivers is rise in the adoption of electronic health records (EHRs) and digital healthcare systems. These systems generate vast amounts of data, ranging from patient demographics to clinical histories, thereby driving the healthcare predictive analytics market growth. In addition, increase in demand for personalized medicine and value-based care models is propelling the demand of predictive analytics solutions. These tools empower clinicians to customize treatments based on individual patient characteristics, leading to more effective and efficient care delivery.

However, data privacy and security concerns hinder the growth of the market. Healthcare data is highly sensitive and subject to stringent regulatory requirements such as HIPAA in the U.S. Ensuring compliance while harnessing the full potential of predictive analytics poses a considerable hurdle for healthcare organizations. Contrarily, technological advancements in the healthcare predictive analytics sector offer lucrative opportunities to manufacturers in the sector to innovate. For instance, in September 2021, Healthcare analytics company Trilliant Health developed a new predictive analytics tool that enables strategy teams to see a 10-year view of the healthcare market with insights all the way down to the local market level.

Segmentation Overview

The healthcare predictive analytics market is segmented into application, component, end user, and region. Depending on the application, the market is categorized into clinical analytics, financial analytics, operational analytics, and others. Depending on the component, it is bifurcated into hardware and software. By end user, the market is divided into payers, providers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Competitive Scenario

The major players operating in the healthcare predictive analytics industry include IBM, Cerner Corp., Verisk Analytics, Inc., McKesson Corp., SAS Institute, Oracle, Allscripts, Cotiviti, Inc., Citius Tech Inc, and Optum, Inc. Other players in healthcare predictive analytics market includes ExlServices Holdings, Evidation Health, and MedeAnalytics, Inc. These players have maintained and are sustaining their position in the market by adopted different strategies, including product development & innovation, mergers & acquisitions, diversification, marketing & advertising, and mergers & acquisitions.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
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16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Additional company profiles with specific to client's interest
Expanded list for Company Profiles
Historic market data

Key Market Segments

By Application

Clinical Analytics
Financial Analytics
Operational Analytics
Others

By Component

Hardware
Software

By End-User

Payers
Providers
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA

Key Market Players:

IBM
Optum, Inc.
Cotiviti, Inc.,
Cerner Corporation
Verisk Analytics, Inc.
McKesson Corporation.
SAS Institute Inc
Oracle Corp
Allscripts
Citius Tech Inc.

Product Code: A292452

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.5. Market Dynamics
- 3.5.1. Drivers
- 3.5.2. Restraints
- 3.5.3. Opportunities

CHAPTER 4: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY APPLICATION

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Application
4.2. Clinical Analytics
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Financial Analytics
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Operational Analytics
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country
4.5. Others
- 4.5.1. Key Market Trends, Growth Factors and Opportunities
- 4.5.2. Market Size and Forecast, By Region
- 4.5.3. Market Share Analysis, By Country

CHAPTER 5: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY COMPONENT

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Component
5.2. Hardware
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Software
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country

CHAPTER 6: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY END-USER

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By End-user
6.2. Payers
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Providers
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country
6.4. Others
- 6.4.1. Key Market Trends, Growth Factors and Opportunities
- 6.4.2. Market Size and Forecast, By Region
- 6.4.3. Market Share Analysis, By Country

CHAPTER 7: HEALTHCARE PREDICTIVE ANALYTICS MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Application
- 7.2.3. Market Size and Forecast, By Component
- 7.2.4. Market Size and Forecast, By End-user
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Healthcare Predictive Analytics Market
  - 7.2.6.1. Market Size and Forecast, By Application
  - 7.2.6.2. Market Size and Forecast, By Component
  - 7.2.6.3. Market Size and Forecast, By End-user
- 7.2.7. Canada Healthcare Predictive Analytics Market
  - 7.2.7.1. Market Size and Forecast, By Application
  - 7.2.7.2. Market Size and Forecast, By Component
  - 7.2.7.3. Market Size and Forecast, By End-user
- 7.2.8. Mexico Healthcare Predictive Analytics Market
  - 7.2.8.1. Market Size and Forecast, By Application
  - 7.2.8.2. Market Size and Forecast, By Component
  - 7.2.8.3. Market Size and Forecast, By End-user
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Application
- 7.3.3. Market Size and Forecast, By Component
- 7.3.4. Market Size and Forecast, By End-user
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France Healthcare Predictive Analytics Market
  - 7.3.6.1. Market Size and Forecast, By Application
  - 7.3.6.2. Market Size and Forecast, By Component
  - 7.3.6.3. Market Size and Forecast, By End-user
- 7.3.7. Germany Healthcare Predictive Analytics Market
  - 7.3.7.1. Market Size and Forecast, By Application
  - 7.3.7.2. Market Size and Forecast, By Component
  - 7.3.7.3. Market Size and Forecast, By End-user
- 7.3.8. Italy Healthcare Predictive Analytics Market
  - 7.3.8.1. Market Size and Forecast, By Application
  - 7.3.8.2. Market Size and Forecast, By Component
  - 7.3.8.3. Market Size and Forecast, By End-user
- 7.3.9. Spain Healthcare Predictive Analytics Market
  - 7.3.9.1. Market Size and Forecast, By Application
  - 7.3.9.2. Market Size and Forecast, By Component
  - 7.3.9.3. Market Size and Forecast, By End-user
- 7.3.10. UK Healthcare Predictive Analytics Market
  - 7.3.10.1. Market Size and Forecast, By Application
  - 7.3.10.2. Market Size and Forecast, By Component
  - 7.3.10.3. Market Size and Forecast, By End-user
- 7.3.11. Rest of Europe Healthcare Predictive Analytics Market
  - 7.3.11.1. Market Size and Forecast, By Application
  - 7.3.11.2. Market Size and Forecast, By Component
  - 7.3.11.3. Market Size and Forecast, By End-user
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Application
- 7.4.3. Market Size and Forecast, By Component
- 7.4.4. Market Size and Forecast, By End-user
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Healthcare Predictive Analytics Market
  - 7.4.6.1. Market Size and Forecast, By Application
  - 7.4.6.2. Market Size and Forecast, By Component
  - 7.4.6.3. Market Size and Forecast, By End-user
- 7.4.7. Japan Healthcare Predictive Analytics Market
  - 7.4.7.1. Market Size and Forecast, By Application
  - 7.4.7.2. Market Size and Forecast, By Component
  - 7.4.7.3. Market Size and Forecast, By End-user
- 7.4.8. India Healthcare Predictive Analytics Market
  - 7.4.8.1. Market Size and Forecast, By Application
  - 7.4.8.2. Market Size and Forecast, By Component
  - 7.4.8.3. Market Size and Forecast, By End-user
- 7.4.9. South Korea Healthcare Predictive Analytics Market
  - 7.4.9.1. Market Size and Forecast, By Application
  - 7.4.9.2. Market Size and Forecast, By Component
  - 7.4.9.3. Market Size and Forecast, By End-user
- 7.4.10. Australia Healthcare Predictive Analytics Market
  - 7.4.10.1. Market Size and Forecast, By Application
  - 7.4.10.2. Market Size and Forecast, By Component
  - 7.4.10.3. Market Size and Forecast, By End-user
- 7.4.11. Rest of Asia-Pacific Healthcare Predictive Analytics Market
  - 7.4.11.1. Market Size and Forecast, By Application
  - 7.4.11.2. Market Size and Forecast, By Component
  - 7.4.11.3. Market Size and Forecast, By End-user
7.5. LAMEA
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Application
- 7.5.3. Market Size and Forecast, By Component
- 7.5.4. Market Size and Forecast, By End-user
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil Healthcare Predictive Analytics Market
  - 7.5.6.1. Market Size and Forecast, By Application
  - 7.5.6.2. Market Size and Forecast, By Component
  - 7.5.6.3. Market Size and Forecast, By End-user
- 7.5.7. South Africa Healthcare Predictive Analytics Market
  - 7.5.7.1. Market Size and Forecast, By Application
  - 7.5.7.2. Market Size and Forecast, By Component
  - 7.5.7.3. Market Size and Forecast, By End-user
- 7.5.8. Saudi Arabia Healthcare Predictive Analytics Market
  - 7.5.8.1. Market Size and Forecast, By Application
  - 7.5.8.2. Market Size and Forecast, By Component
  - 7.5.8.3. Market Size and Forecast, By End-user
- 7.5.9. Rest of LAMEA Healthcare Predictive Analytics Market
  - 7.5.9.1. Market Size and Forecast, By Application
  - 7.5.9.2. Market Size and Forecast, By Component
  - 7.5.9.3. Market Size and Forecast, By End-user

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. IBM
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Optum, Inc.
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. Cotiviti, Inc.,
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. Cerner Corporation
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. Verisk Analytics, Inc.
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. McKesson Corporation.
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. SAS Institute Inc
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. Oracle Corp
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. Allscripts
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. Citius Tech Inc.
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments