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The global healthcare predictive analytics market value was USD 15.78 billion in 2023, driven by the increasing demand for efficient healthcare solutions across the globe. The market size is anticipated to grow at a CAGR of 25.2% during the forecast period of 2024-2032 to achieve a value of USD 119.24 billion by 2032.
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Based on application, the population health management segment is expected to hold a significant share in the global healthcare predictive analytics industry during the forecast period. This growth can be attributed to the rising focus on improving clinical health outcomes through enhanced care and patient engagement with necessary financial and caring strategies.
Meanwhile, the clinical segment is also expected to aid the market growth. The increased deployment of clinical analytics helps the patients and caregivers with post-treatment complications, further allowing caregivers to access patient's medical history. These factors are predicted to aid the market growth in the coming years.
North America is predicted to hold a significant market share of the global healthcare predictive analytics industry. This surge can be attributed to the presence of the leading market players in the region. In addition, the presence of the state-of-the-art healthcare infrastructure in the region, along with rising investments by the government, is predicted to drive the market growth. Furthermore, the rapidly ageing population and the growing incidences of chronic diseases in the region are also significantly contributing to the industry growth.
Healthcare predictive analytics is a software that aids in the diagnosis, prognosis, and treatment of various diseases or health conditions. Utilising the advanced technological solutions such as artificial intelligence (AI) and machine learning (ML), the healthcare predictive analytics tools can store large amounts of data and predict a patient's response to certain treatments, along with the risk of developing a certain medical condition and its prognosis. Moreover, this software allows for a more personalised healthcare experience, as the software functions are based on the patient's medical history, environment, genetics, risk factors, among other aspects.
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Based on application, the market is distributed into:
Among these, operations management can be further distributed by type into demand forecasting, workforce planning and scheduling, inpatient scheduling, and outpatient scheduling. At the same time, financial can be divided by type into revenue cycle management, fraud detection, and others. In addition, population health management can be further segmented by type into population risk management, patient engagement, population therapy management, and others. While, clinical can be further segregated by type into quality benchmarking, patient care enhancement, and clinical outcome analysis and management.
On the basis of end use, the industry can be categorised into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The rapidly increasing incidences of chronic illnesses worldwide, such as cardiovascular diseases, are leading to an increased demand for efficient healthcare facilities for timely diagnosis and effective treatment of diseases, which is propelling the healthcare predictive analytics industry. According to the WHO estimates, cardiovascular diseases are the leading cause of death globally, claiming more than 17.9 million lives every year. Cardiovascular diseases are illnesses of heart and blood vessels that are adversely affected by high-risk behaviours, such as unhealthy diet, physical inactivity, and substance abuse. Moreover, the heightened investments in the healthcare infrastructure worldwide are also aiding the market growth. For instance, according to Deloitte’s 2021 Global Healthcare Outlook report, the health spending is anticipated to rise at a 3.9% CAGR between 2020 to 2024, wherein the fastest growth is expected in the Asia Pacific region. These factors are predicted to drive the market growth in the coming years.
The report gives a detailed analysis of the following key players in the global healthcare predictive analytics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The healthcare predictive analytics Market was valued at USD 15.78 billion in 2023.
The market is expected to grow at a CAGR of 25.2% from 2024 to 2032 to reach a value of USD 119.24 billion by 2032.
The major drivers of the industry, such as increased demand for healthcare predictive analytics in a variety of medical sectors, rapidly growing geriatric population, presence of the state-of-the-art healthcare infrastructure, and rising focus on improving clinical health outcomes are expected to aid the market growth.
The key market trends guiding the industry's growth include the rapidly increasing incidences of chronic illnesses and heightened investments in the healthcare infrastructure.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant application segments include operations management, financial, population health management and clinical. Among these, operations management can be further distributed by type into demand forecasting, workforce planning and scheduling, inpatient scheduling, and outpatient scheduling. At the same time, financial can be divided by type into revenue cycle management, fraud detection, and others. In addition, population health management can be further segmented by type into population risk management, patient engagement, population therapy management, and others. While, clinical can be further segregated by type into quality benchmarking, patient care enhancement, and clinical outcome analysis and management.
The major end-use segments include into healthcare payers and healthcare providers among others.
The major players in the industry are IBM Corporation, Cerner Corporation, Mckesson Corporation, SAS Institute Inc., and Oracle Corporation among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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