Healthcare Predictive Analytics Market Increasing at A Phenomenal Pace to Reach USD 138.8 Billion by 2028

07-Sep-2021 | Zion Market Research

Some of key players in Healthcare Predictive Analytics market are Allscripts Healthcare Solutions, Cerner Corporation, Information Builders Inc., International Business Machines Corporation (IBM), Mckesson Corporation, Medeanalytics Inc., Optum Inc., Oracle Corporation and Truven Holding Corp, among others. These players are set to bolster the development of Healthcare Predictive Analytics market.

According to analysts at Zion Market Research, the Healthcare Predictive Analytics market accounted for USD 18.5 Billion in 2020 and is expected to reach USD 138.8 Billion by 2028, growing at a CAGR of more than 28.7% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Healthcare Predictive Analytics Market by Application (Clinical Data Analytics, Financial Data Analytics, Research Data Analytics, Operations Management and Others), By Product (Hardware and Software & services), By Modes Of Delivery (On Premise and Cloud Based), By End User (Healthcare Provider, Pharmaceutical Industry and others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Emergence of Personalized and evidence based medicine To Spur Growth

Predictive Analytics or Predictive modelling is being utilized by the medical care associations to discover the danger rate to a patient's wellbeing. Predictive analytics and investigating to assist the patients and guardians with post-health issues, like critical diseases and response to medication and sensitivities, as medical services suppliers are outfitted with the patient's authentic clinical information, which has been given through the electronic data records.

In addition, with clinics information investigation, patients can find their medical issue to various specialists on ordinary factors. This can be accomplished by a basic investigation interaction of their clinical information, further giving preventive solutions. The development of medical care information examination is required to diminish medical care costs, increment the openness of huge information in medical services industry. The patient information found, shared, and accumulated by these applications is the essential information that medical services organizations examine utilizing these clinical scientific data.

Global Healthcare Predictive Analytics Market

Presence of Big Players in The Region Support North America Dominance

The market is dominated by North America, followed by Europe, Asia, and RoW. The market in North America is expected to witness the highest growth during the forecast period. The high growth of the North American market is attributed to growing federal healthcare mandates to curb rising healthcare costs; increasing regulatory requirements; growing EHR adoption; and rising government initiatives focusing on personalized medicine, population health management, and value-based reimbursements.

The market in the APAC region is likely to grow at the fastest rate in the forecast period. The Australian government’s National Health Information network proposed in 2004, named ‘HealthConnect’, extracts summary records from locally collected patient data and then they are aggregated to create a centralized HealthConnect record that may then be shared among participating authorized providers, which is a premier example of Healthcare Predictive Analytics being used by governmental bodies. Further, the European Union directive 2011/24/EU enacts patients’ rights in cross-border healthcare, suggesting boosting the digital economy by enabling all Europeans to have access to online records anywhere in Europe by 2020.

Browse the full Healthcare Predictive Analytics Market By Application(Clinical Data Analytics, Financial Data Analytics, Research Data Analytics, Operations Management And Others), By Product (Hardware And Software & Services), By Modes Of Delivery (On Premise And Cloud Based), By End User(Healthcare Provider, Pharmaceutical Industry And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/healthcare-predictive-analytics-market

The Healthcare Predictive Analytics market is segmented as follows:

By Application

  • Clinical Data Analytics
  • Financial Data Analytics
  • Research Data Analytics
  • Operations Management
  • Others

By Product

  • Hardware
  • Software and services

By Mode Of Delivery

  • On Premise
  • Cloud Based

By End User

  • Pharmaceutical Industry
  • Healthcare Provider
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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