Towards Healthcare
Healthcare Analytics Market Booms 19.1% CAGR by 2034

Healthcare Analytics Market Size, Key Players, Opportunities and Challenges

According to market projections, the healthcare analytics sector is expected to grow from USD 51.09 billion in 2024 to USD 293.42 billion by 2034, reflecting a CAGR of 19.1%. In 2023, software components led the healthcare analytics market with a 60% share, while clinical applications accounted for 40%. Healthcare providers dominated with 40% market share. Key players include Optum, McKesson, Elsevier, MedeAnalytics, IBM (Francisco Partners), Allscripts, Cerner, IQVIA, Oracle, and SAS.

Introduction

  • Research Objective
  • Scope of the Study
  • Definition and Taxonomy

Research Methodology

  • Research Approach
  • Data Sources
  • Assumptions

Executive Summary

  • Synopsis
  • Analyst Recommendations

Market Overview 

  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Value chain analysis
    • Raw Material Sourcing
    • Manufacturing Process
    • Logistics & Transportation
    • Buyer Preferences
  • Trends
    • Market Trends
    • Technological Trends
  • Porter’s Five Forces Analysis
    • Bargaining Power of Suppliers
    • Bargaining Power of Buyers
    • Threat of Substitute
    • Threat of New Entrants
    • Degree of Competition
  • PESTLE Analysis for 5 leading countries
    • Regulatory Framework for Leading Countries/Regions
    • Supply Demand Analysis
    • Production & Consumption Statistics
    • Export Import Statistics
    • Price Trend Analysis

Global Healthcare Analytics Market Assessment

  • Overview
  • Global Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Component (2021 – 2033)
    • Software
    • Services
    • Hardware
  • Global Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Type (2021 – 2033)
    • Descriptive
    • Predictive
    • Prescriptive
  • Global Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Application (2021 – 2033)
    • Clinical
    • Financial
    • Operational & Administrative
  • Global Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Delivery Mode (2021 – 2033)
    • Web Hosted
    • Cloud-based
    • On-premises
  • Global Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by End User (2021 – 2033)
    • Life Science Companies
    • Healthcare Payers
    • Healthcare Providers
  • Global Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Geography (2021 – 2033)
    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • South America

North America Healthcare Analytics Market Assessment

  • Overview
  • North America Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Component (2021 – 2033)
    • Software
    • Services
    • Hardware
  • North America Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Type (2021 – 2033)
    • Descriptive
    • Predictive
    • Prescriptive
  • North America Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Application (2021 – 2033)
    • Clinical
    • Financial
    • Operational & Administrative
  • North America Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Delivery Mode (2021 – 2033)
    • Web Hosted
    • Cloud-based
    • On-premises
  • North America Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by End User (2021 – 2033)
    • Life Science Companies
    • Healthcare Payers
    • Healthcare Providers

Europe Healthcare Analytics Market Assessment

  • Overview
  • Europe Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Component (2021 – 2033)
    • Software
    • Services
    • Hardware
  • Europe Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Type (2021 – 2033)
    • Descriptive
    • Predictive
    • Prescriptive
  • Europe Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Application (2021 – 2033)
    • Clinical
    • Financial
    • Operational & Administrative
  • Europe Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Delivery Mode (2021 – 2033)
    • Web Hosted
    • Cloud-based
    • On-premises
  • Europe Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by End User (2021 – 2033)
    • Life Science Companies
    • Healthcare Payers
    • Healthcare Providers

Asia Pacific Healthcare Analytics Market Assessment

  • Overview
  • Asia Pacific Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Component (2021 – 2033)
    • Software
    • Services
    • Hardware
  • Asia Pacific Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Type (2021 – 2033)
    • Descriptive
    • Predictive
    • Prescriptive
  • Asia Pacific Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Application (2021 – 2033)
    • Clinical
    • Financial
    • Operational & Administrative
  • Asia Pacific Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Delivery Mode (2021 – 2033)
    • Web Hosted
    • Cloud-based
    • On-premises
  • Asia Pacific Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by End User (2021 – 2033)
    • Life Science Companies
    • Healthcare Payers
    • Healthcare Providers

Middle East and Africa Healthcare Analytics Market Assessment

  • Overview
  • Middle East and Africa Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Component (2021 – 2033)
    • Software
    • Services
    • Hardware
  • Middle East and Africa Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Type (2021 – 2033)
    • Descriptive
    • Predictive
    • Prescriptive
  • Middle East and Africa Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Application (2021 – 2033)
    • Clinical
    • Financial
    • Operational & Administrative
  • Middle East and Africa Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Delivery Mode (2021 – 2033)
    • Web Hosted
    • Cloud-based
    • On-premises
  • Middle East and Africa Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by End User (2021 – 2033)
    • Life Science Companies
    • Healthcare Payers
    • Healthcare Providers

South America Healthcare Analytics Market Assessment

  • Overview
  • South America Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Component (2021 – 2033)
    • Software
    • Services
    • Hardware
  • South America Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Type (2021 – 2033)
    • Descriptive
    • Predictive
    • Prescriptive
  • South America Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Application (2021 – 2033)
    • Clinical
    • Financial
    • Operational & Administrative
  • South America Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by Delivery Mode (2021 – 2033)
    • Web Hosted
    • Cloud-based
    • On-premises
  • South America Healthcare Analytics Market Size Value (US$) and Volume (Billion Tons), by End User (2021 – 2033)
    • Life Science Companies
    • Healthcare Payers
    • Healthcare Providers

Company Profiles

  • Optum Inc.
    • Company Overview
    • Geographic Footprints
    • Financial Performance
    • Product Portfolio
    • SWOT Analysis
    • R&D Efforts
    • Recent Developments & Strategic Collaborations
      • Product Launch/M&A/Technical Collaboration
  • McKesson Corporation
  • Elsevier
  • Medeanalytics Inc.
  • Francisco Partners (IBM)
  • Allscripts Healthcare Solutions Inc.
  • Cerner Corporation
  • IQVIA
  • Oracle
  • SAS Institute, Inc.

Conclusion & Recommendations

  • Insight Code: 5141
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: May 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

Deepa Pandey is a focused and detail-oriented market research professional with growing expertise in the healthcare sector, delivering high-quality insights across therapeutic areas, diagnostics, biotechnology, and healthcare services.

She began her research career at Precedence Research, where she contributed to a wide range of healthcare industry studies, helping build a strong foundation in market intelligence and strategic research. Currently, Deepa plays a critical role at Towards Healthcare, while also extending her research capabilities across Statifacts, supporting cross-industry intelligence initiatives with a focus on healthcare.

Her ability to distill complexity into clarity has made her a trusted contributor to both internal teams and external clients across the healthcare value chain. By combining professionalism with an evolving depth in healthcare research, Deepa consistently adds value to projects that demand critical thinking, market precision, and industry-specific knowledge. Her contributions help organizations navigate the complexities of regulated markets and make data-backed growth decisions.

FAQ's

Healthcare analytics involves the use of data analysis tools and techniques to gain insights into patient care, treatment outcomes, and operational efficiencies within healthcare facilities.

Healthcare analytics offers benefits such as improved decision-making through predictive insights into patient treatments, enhanced operational efficiency by optimizing resource allocation, and better patient care outcomes through data-driven approaches.

One of the hurdles in the healthcare analytics market is the complexity of data. Healthcare data often comes in various formats and from disparate sources, making it challenging to integrate and analyze effectively.

National Institute of Health, World Health Organization, NITI Aayog, HHS.gov., Ministry of Health and Family Welfare, Centers for Disease Control and Prevention.