GVR Report cover Healthcare Analytics Market Size, Share & Trends Report

Healthcare Analytics Market Size, Share & Trends Analysis Report By Type, By Component, By Delivery Mode, By Application, By End-use, And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-937-1
  • Number of Pages: 150
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2021
  • Industry: Healthcare

Report Overview

The global healthcare analytics market size was valued at USD 35.3 billion as of 2022 and is expected to expand at a compound annual growth rate (CAGR) of 21.4% from 2023 to 2030. The healthcare industry on the whole has been challenged with the issues like lack of better patient care, skyrocketing costs of treatment, less patient retention, and engagement and, thus healthcare analytics are being incorporated into every aspect of the industry to give better care to patients and for better operations of the industry. These factors are key reasons for the growth of the healthcare analytics industry. 

U.S. Healthcare Analytics Market by Type, 2020 - 2030 (USD billion)

The rapid rate of technological advancements and massive investments by the healthcare industry into the IT development and digitization have been key factors for the monumental growth of the healthcare analytics industry. The analytical platforms which are currently being deployed by healthcare institutions across the globe, help in patient management, their retention, due to which better care can be delivered. Deployment of healthcare analytical platforms not only increases the productivity of the staff, but the overall patient management has been improved and the burden on caregivers has been minimized. 

Healthcare analytics can be deployed for various functions in an establishment, for management of grants and donations given to the hospital, patient records, making appointments, for insurance claims, etc. It can not only improve the quality of care delivered to patients but also give insights for managing overall business establishments, better patient outreach, management of spread of diseases etc. The Grainger College of Engineering, Illinois, developed the Health Data Analytics Initiative as a hub connecting clinical investigators, engineers, AI experts, and data scientists which help in delivering better solutions by improving the quality of research by deploying AI platforms and analytical tools. 

Government initiatives and massive flux of money in the healthcare industry are also driving innovation and are responsible for increase in adoption of such analytical platforms by healthcare establishments. Analytical platforms are not only being used by hospitals but other establishments for managing and interpreting clinical data from various studies being conducted; studying historical data and analyzing it to establish trends, developing methods, tools and technologies to get optimal results. These analytics platforms are also being deployed by policy makers for studying statistics and models for making better decisions and policies regarding healthcare establishments and for delivering care to patients. U.S. government has been taking initiatives in this direction like HealthData.gov portal has information from several federal databases on topics such as community health performance, clinical data, medical and scientific knowledge for developers which is accessible by application programming interface. 

COVID19 Health Analytics Market: 9.25% increase in revenue from 2019 to 2021

Pandemic Impact

Post COVID Outlook

The global healthcare analytics market’s revenue increased by 40% from 2019 to 2021

The market is estimated to witness a CAGR of 21.5% from 2022-2030

The increasing burden on health establishments and professionals have created the need to adopt healthcare analytics platforms for better management and delivery of better care to patients

Healthcare analytics does not come in the picture as a temporary solution but a part of a larger solution that has much wider implications on how professionals view clinical data

NIH launched healthcare data analytics platform to collect patient data for actionable insights on COVID-19

WHO and German federal agency established a hub for the pandemic data for analyzing spread of disease, innovation in the field of medicine, surveillance of patients etc. to mitigate further risks in the future


COVID-19 pandemic saw significant growth in the industry due to increase in the need for digital solutions and better analytics tools to manage the patient load on the healthcare industry as a whole. The amount of clinical data generated during the pandemic needed proper management and with the help of analytics tools and platforms, the researchers and professionals will be able to derive better outcomes, predict trends and understand the dynamics of spread of disease much better. 

Type Insights

The descriptive analysis type had the largest market share of 36.1% in 2022. Descriptive analytics has been widely used during the pandemic to study historical data and patient histories to study the spread of virus, which has been a key factor driving growth in this segment. Descriptive analytics has proved to be a valuable tool in understanding what happened by accessing historical data and turning it into actionable insights. It is also being used by hospitals to monitor performance of insurance claims by detecting irregularities and errors in the claims. The descriptive analysis tools are being used by a rising number of organizations to increase market growth potential. 

Predictive analysis is anticipated to register the fastest growth rate of 24.4% due to the fact that it uses data sets created by using descriptive analytics by analyzing data for actionable future insights. More and more companies are adopting analytics for better growth prospects have been key propellants for growth of this segment. It has become a necessity to adopt these platforms to predict future trends in the market for the company to take an appropriate measures which foster overall growth. 

Component Insights

The largest component in the healthcare analytics was the services segment with a market share of 37.5% as of 2022. The healthcare industry has been investing substantial amount of capital in the IT industry for the development of platforms, digitization of data for analytics. The majority of the companies do not have a data analytics component in their companies due to which they are outsourcing the data analytics aspect of their IT. This has resulted in the growth of the data analytics companies offering a complete set of services to companies. The increase in services offered by the data analytics companies have been responsible for the growth in this segment. 

The servicesis anticipated to register the fastest growth rate of 22.1% due to the increase in the patient load on the health industry, increase in disease prevalence etc. has resulted in massive amounts of clinical data generated, the insurmountable pressure on the industry to give better care, better results and cost-effective treatments to patients is further propelling this market towards growth. The need for adoption of analytical methods and tools for better patient monitoring, delivering better treatments etc. are key factors for the growth of this segment. 

Delivery Mode Insights

The largest market share of 48.6% was held by on-premises delivery mode in 2022. Majority of institutions are currently installing software and tools to store data at their own premises due to ease of access and security, resulting in the large market share of this type of delivery. Current systems in small organizations are practical, but when scaled up it can be difficult and cumbersome to manage data if the organization is dealing with a large dataset. This can mean large capital investment in storage and security of data. 

The cloud-based is anticipated to register the fastest growth rate of 24.8% due to ease of storage, less capital investment, and increased flexibility and efficiency, these factors also add up to continuous growth in this delivery mode. Cloud based storage can also be on-premises, but the issue of scalability comes into picture, even though public cloud storage solutions are a key factor for the growth of cloud-based storage solutions becoming the fastest growing sub-segment, limitations of the same include less privacy, more security concerns regarding loss of data. 

Application Insights

The largest market share of 36.0% was held by financial applications in 2022 and is anticipated to register the fastest growth rate of 22.2%. The healthcare institutions and organizations are continually striving to minimize cost of treatment, yet delivering better care to patients, this has been the reason for growth of this segment. The financial aspect of management still accounts for the largest share so that the companies perform better by reducing costs and prevention of frauds.

Healthcare institutions incur costs in the form of insurance claims which can also be fraudulent, to mitigate such risks and to minimize such occurrences the healthcare organizations deploy analytical tools for predictive and descriptive analysis to deliver better care to patients as well as reduce overall costs of operations and minimal frauds in insurance claims. The need to perform financially well has been a key driver for the adoption of this application type. 

End-Use Insights

In 2022, the largest market share of 46.5% was held by life science companies. Currently, the largest users of analytical tools and platforms are the life-science companies for reducing costs of their products, increasing profit margins, and producing better products, which are driving faster adoption and growth in the segment. The companies are constantly investing money in improving their product portfolios, and offerings to cater to a wider population. This gives rise to the need of analytical tools to better understand and predict the market and also drive value-based decisions. 

The healthcare providers are anticipated to register the fastest growth rate of 26.2%, this is due to the fact that during the pandemic and even after that, the burden of delivering cost-effective care, better patient management has been tremendous on the hospitals and healthcare professionals, this has resulted in the growth of this end user segment. The need to manage patient records, disease surveillance, and deliver cost-effective care to patients have been key factors for the wider adoption of healthcare analytics and is foreseen to propel growth in the segment. 

Global Healthcare Analytics Market share by End-user, 2022 (%)

Regional Insights

North America had the largest market share of 49.2% as of 2022. The region has state-of-the-art healthcare facilities with the adoption of these platforms and better technological availability have all resulted in the large market share for North America. The rising burden of chronic ailments and the increasing geriatric population have also created a need for hospitals and other organizations to adopt analytics tools. The presence of key players in the market has also been a factor in the large share of the revenue. Microsoft launched Microsoft Cloud for Healthcare which will be a collaboration between patients and providers to help deliver better insights related to patient care. 

Healthcare Analytics Market Trends by Region

Asia Pacific is anticipated to register the fastest growth rate of 23.2%, fast development, more spending capacity, and growing population have all resulted in the fast growth registered by APAC. There have been significant growth and advancements in the industry in this region, which has also contributed to its growth. The reliance of consumers and healthcare providers on IT has been increasing thus the adoption rates of the analytics sector have also gone up. Australia-based start-up for healthcare analytics Prospection has opened an office in Japan and will be collaborating with international pharma customers to develop new treatments for the Japanese population.

Key Companies and Market Share Insights

Key players in the industry are constantly innovating and bringing up new technologies to better understand data derived from patient information, understand the spread and containment of the disease, etc. to deliver better care solutions to healthcare providers and institutions. The use of big data analytics and AI has also given rise to new platforms being made to better understand and analyze data. Swedish Health Services, a U.S.-based healthcare organization has developed a platform for healthcare workers where they can report real-time data on COVID-19 patient volumes, and other parameters to track the status of facilities across hospitals. Some of the prominent players in the global healthcare analytics players include

  • McKesson Corporation

  • Optum, Inc.

  • IBM

  • Oracle

  • SAS Institute, Inc.


  • Verisk Analytics, Inc.

  • Elsevier

  • Medeanalytics, Inc.

  • Truven Health Analytics, Inc.

  • Allscripts Healthcare Solutions, Inc.

  • Cerner Corporation 

Healthcare Analytics Market Report Scope

Report Attribute


Market size value in 2023

USD 43.1 billion

Revenue forecast in 2030

USD 167.0 billion

Growth Rate

CAGR of 21.4 % from 2023 to 2030

Base year for estimation


Historical data

2017 - 2021

Forecast period

2023 - 2030

Quantitative units

Revenue in USD billion, and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Type, Component, Delivery Mode, Application, End-use, Regional   

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East; Africa

Country scope

The U.S.; Canada: U.K.; Germany; France; Italy; Spain; Russia; Denmark; Sweden; Norway; Japan; China; India; South Korea; Singapore; Australia; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait

Key companies profiled

McKesson Corporation; Optum, Inc.; Verisk Analytics Inc.; Elsevier; Medeanalytics Inc.; Truven Health Analytics; Allscripts Healthcare Solutions Inc.; IBM; Cerner Corporation; IQVIA; Oracle; SAS Institute, Inc.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Segments covered in the report

This report forecasts revenue growth at regional level and provides an analysis on industry trends in each of the sub-segments from 2017 to 2030. For of this study, Grand View Research, Inc. has segmented the healthcare analytics market report based on component, delivery mode, application, end-use and region: 

  • Type Outlook (Revenue, USD Million, 2017 - 2030)

    • Descriptive Analysis

    • Predictive Analysis

    • Prescriptive Analysis

  • Component Outlook (Revenue, USD Million, 2017 - 2030)

    • Software

    • Hardware

    • Services

  • Delivery Mode Outlook (Revenue, USD Million, 2017 - 2030)

    • On-premises

    • Web-hosted

    • Cloud-based

  • Application Outlook (Revenue, USD Million, 2017 - 2030)

    • Clinical

    • Financial

    • Operational and Administrative

  • End-Use Outlook (Revenue, USD Million, 2017 - 2030)

    • Healthcare Payers

    • Healthcare Providers

    • Life Science Companies

  • Regional Outlook (Revenue, USD Million, 2017 - 2030)

    • North America

      • The U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

      • Russia

      • Denmark

      • Sweden

      • Norway

    • The Asia Pacific

      • Japan

      • China

      • India

      • South Korea

      • Singapore

      • Australia

      • Thailand

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • The Middle East and Africa

      • South Africa

      • Saudi Arabia

      • UAE

      • Kuwait

Frequently Asked Questions About This Report

gvr icn


gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

gvr icn


We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

esomar icon

ESOMAR certified & member


ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.

great place to work icon