Global healthcare predictive analytics market is anticipated to grow at a significant CAGR of 25.5% during the forecast period (2023-2030). India with its huge patient pool, developing healthcare infrastructure, and growing investment in AI and predictive analytics technologies has huge potential for the growth of the global healthcare predictive analytics market. The Indian healthcare system is already benefitting immensely from predictive analytics. Most major Indian hospitals have been studying the clinical data and making decisions based on the diagnosis and prognosis of patients. As health outcomes are determined by multiple factors including genetics, family history, nutrition, physical activity, and mental health, hospitals have started using predictive analytics to understand which treatment modality will work best.
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Length of stay, re-admissions, emergency admissions, and workflow at departments like radiology and pharmacy are some of the key parameters being tracked to offer better patient care. In India, the biggest boost to predictive analytics had come from the pandemic. In India leveraging the Arogya Setu and the CoWIN application, the government was able to predict the admissions and the requirement of key resources like hospital beds and vaccines across the country. This data was further supplemented by the local health committees set up for this process. The coordination at the national level was helped by predictive models created by institutions like IIT Kanpur as well as the National Health Mission. India is the second most populated country hence it highly requires this kind of analytics to offer proper patient care in time. The growing focus of healthcare organizations towards this field is further contributing to the market growth.
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
o By Component
o By Deployment Model
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Cerner Corp., Information Builders Inc., IBM Corp., Oracle Corp., and Health Catalyst among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Healthcare Predictive Analytics Market Report Segment
By Component
- Hardware
- Software
By Deployment Model
- Cloud-Based
- On-Premises
By Application
- Clinical Data Analytics
- Financial Data Analytics
- Research Data Analytics
- Operations Management
- Others
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Global Healthcare Predictive Analytics Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Cerner Corp.
- CitiusTech, Inc.
- CloudMedx, Inc.
- Cognizant Technology Solution U.S Corp.
- Epic Systems Corp.
- Google, LLC
- Greenway Health, LLC
- IMAT solutions
- Inovalon Holdings, Inc.
- McKesson Corp.
- MedeAnalytics, Inc.
- Microsoft Corp.
- NextHealth Technologies, Inc.
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