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Market Research Report
Product code
907249
Healthcare Analytics |
Healthcare Analytics |
Published: April 1, 2022
Global Industry Analysts, Inc.
Content info: 426 Pages
Delivery time: 1-2 business days
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What's New for 2022?
» Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
» Online interactive peer-to-peer collaborative bespoke updates
» Access to our digital archives and MarketGlass Research Platform
» Complimentary updates for one year
Global Healthcare Analytics Market to Reach US$102.2 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Healthcare Analytics estimated at US$23.2 Billion in the year 2020, is projected to reach a revised size of US$102.2 Billion by 2027, growing at a CAGR of 23.6% over the analysis period 2020-2027.Descriptive Analytics, one of the segments analyzed in the report, is projected to grow at a 20.2% CAGR to reach US$44.1 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Predictive Analytics segment is readjusted to a revised 26.4% CAGR for the next 7-year period. This segment currently accounts for a 29.9% share of the global Healthcare Analytics market.
The U.S. Accounts for Over 41.4% of Global Market Size in 2020, While China is Forecast to Grow at a 28.2% CAGR for the Period of 2020-2027
The Healthcare Analytics market in the U.S. is estimated at US$9.6 Billion in the year 2020. The country currently accounts for a 41.42% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$10.4 Billion in the year 2027 trailing a CAGR of 28.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.3% and 22% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21.2% CAGR while Rest of European market (as defined in the study) will reach US$10.4 Billion by the year 2027.
Prescriptive Analytics Segment Corners a 13% Share in 2020
In the global Prescriptive Analytics segment, USA, Canada, Japan, China and Europe will drive the 28.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.6 Billion in the year 2020 will reach a projected size of US$15 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$8.9 Billion by the year 2027.
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