Top 10 Companies in the Global Healthcare Analytics Market

Epic Systems Corporation, McKesson Corporation, SAS Institute, Inc, UnitedHealth Group, Oracle Corporation, IBM Corporation, MedeAnalytics, Inc., Optum, Inc., Health Catalyst, and SAP SE, are the key players in the global market for healthcare analytics.

As per the analysis by Expert Market Research, the global healthcare analytics market is expected to grow at a CAGR of about 23.1% in the forecast period of 2023-2031, owing to the growing number of initiatives and programmes, and the rise of big data.

The growth of big data in the healthcare sector, the emphasis on gathering and analysing data from various sources to improve customer experiences, technological advancements, and the introduction of social media and its impact on the healthcare industry are some of the factors driving the healthcare analytics market.

In healthcare research, both quantitative and qualitative methods frequently employ data. Drugs that are reimbursed based on their value are replacing those that are sold based on volume in the healthcare sector. A sudden focus on improved patient outcomes, shorter clinic visit times, lower healthcare and pharmaceutical costs, and fraud protection are some of the main objectives encouraging the use of healthcare analytics..

The healthcare industry has made significant expenditures in IT development and digitisation at a quick pace, which have contributed significantly to the enormous growth of the healthcare analytics market. Analytical platforms currently used by healthcare organisations all over the world aid in patient management and retention, which enables the provision of better care. The use of healthcare analytics tools not only boosts employee productivity but also improves patient management overall and lessens the stress on caregivers. 

Government initiatives and the enormous inflow of cash into the healthcare sector are also spurring innovation and are responsible for the rise in the use of these analytical platforms by healthcare facilities. Hospitals use analytical platforms for organising and interpreting clinical data from various studies that are being undertaken; researching historical data and analysing it to identify trends; and creating procedures, tools, and technologies to get the best outcomes. These analytics platforms are also being used by decision-makers, who use them to research statistics and models to develop better judgments and policies for healthcare institutions and for providing patient care.

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Top 10 Global Healthcare Analytics Companies:

Epic Systems Corporation

An integrated suite of medical software is available from privately held Epic, which is built around a MUMPS database. They hire intelligent, driven individuals from all academic disciplines to code, test, and install the healthcare software that hundreds of millions of patients and physicians rely on to enhance treatment and, ultimately, save lives throughout the world.

McKesson Corporation

In addition to distributing medications, McKesson Corp (McKesson) also offers healthcare services and IT solutions. Pharmaceuticals, medical supplies, and cosmetics and health items are all distributed by the business. It also provides pharmacy management software, pharmacy group purchasing, pharmacy automation solutions, pharmacy operations, pharmacy claims reimbursement, audit risk mitigation, drug purchasing management, patient adherence and wellness, alternate site pharmacy solutions, pharmacy consulting, and pharmacy technology.

SAS Institute, Inc

One of the most significant independent vendors in the market for business intelligence, SAS is a global leader in business analytics software and services. Through cutting-edge solutions, SAS enables clients at more than 70,000 locations to increase performance and produce value by making better decisions more quickly. In addition to business intelligence software, the company also offers data integration, financial intelligence, fraud management, and IT management.

UnitedHealth Group

UnitedHealth Group is a healthcare and wellness company with a mission of assisting people in leading healthier lives and enhancing the effectiveness of the healthcare system as a whole. In order to improve access, affordability, outcomes, and experiences and to contribute to the creation of a state-of-the-art, high-performing healthcare system, there are 340,000 employees who operate in two distinct but complementary industries. UnitedHealthcare offers a full variety of health benefits, including cheap coverage, access to high-quality treatment, and simplified health care.

Oracle Corporation

Oracle Corporation is a leader in cloud computing, offering businesses all over the world computing infrastructure and applications to foster innovation, improve efficiencies, and boost productivity. To help manage and secure the data of customers, they also developed the first ever autonomous database in the world. Greater performance, increased security, and cost savings are provided by Oracle Cloud Infrastructure. It is designed to make it simple for enterprises to migrate workloads between clouds, between on-premises systems, and between clouds and other systems.

IBM Corporation

The most well-known products and services offered by IBM are cloud computing, data analytics, and computer hardware and software. Solutions from IBM® Watson HealthTM create a smarter, more interconnected healthcare system, enabling physicians to provide better treatment and allowing patients to make better decisions.

MedeAnalytics, Inc.

A leading developer of cutting-edge solutions that facilitate a quantifiable impact on healthcare payers and providers, MedeAnalytics is a pioneer in the field of healthcare analytics. Payers and providers rely on them to give actionable insights that enhance financial, operational, and clinical results since they have one of the most sophisticated data orchestration systems in the healthcare industry.

Optum, Inc.

Optum is a provider of health services and innovations with the goal of improving both individual and societal access to health care. By linking and supporting the whole health system across 150 countries, Optum, a member of the UnitedHealth Group family of companies, is driving modern healthcare. To enhance healthcare delivery, quality, and efficiency, they combine cutting-edge technology, the largest health care database in the world, and a wealth of knowledge.

Health Catalyst

As a top supplier of data and analytics software and services to healthcare companies, Health Catalyst is dedicated to being the driving force behind significant, quantifiable, data-informed healthcare improvement.

SAP SE

SAP SE (SAP) is a provider of business application software, and services using software. It offers a wide range of solutions, such as enterprise resource planning, digital supply chains, intelligent technologies, analytics, digital platforms, financial management, human resources, engagement of people, networks, speed management, customer resource management, and customer experience.