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1072404

North America Healthcare Analytics Market Size, Share & Industry Trends Analysis Report By Component (Services, Software, and Hardware), By Type, By End-user, By Deployment Model, By Application, By Country and Growth Forecast, 2021 - 2027

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North America Healthcare Analytics Market Size, Share & Industry Trends Analysis Report By Component (Services, Software, and Hardware), By Type, By End-user, By Deployment Model, By Application, By Country and Growth Forecast, 2021 - 2027
Published: March 31, 2022
KBV Research
Content info: 122 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

The North America Healthcare Analytics Market would witness market growth of 28.2% CAGR during the forecast period (2021-2027).

Healthcare analytics enables experts in the field to identify opportunities to improve operations, care delivery, patient engagement, and clinical outcomes. Additionally, healthcare data analytics combines real-time and historical data in order to foresee trends, uncover actionable insights, improve medical care, and drive long-term growth. Moreover, healthcare analytics systems make use of massive volumes of data to present enterprises with useful information.

The growth of the healthcare analytics market is being fueled by an increase in the use of big data in healthcare organizations, as well as a growing number of government programs to encourage the use of electronic health records (EHRs) by healthcare organizations. However, the healthcare analytics market is projected to be hampered by factors like massive deployment costs and a scarcity of experienced workers. On the other hand, the increased acceptance of augmented analytics in the healthcare industry, as well as the utilization of cloud-based analytics across various healthcare providers, is likely to give lucrative prospects for market expansion throughout the forecast period.

Various federal mandates in the United States, such as the American Recovery and Reinvestment Act of 2009 (ARRA) and the implementation of ICD-10 code sets, are encouraging healthcare organizations to adopt EHRs, focus on the quality of care required to conform with pay-for-performance initiatives, and enhance information exchange between different health systems. Such programs include assisting clinicians in collecting patient data electronically, as well as aiding data integration and chronic disease management. As a result, hospital readmissions and stays, as well as claims fraud and abuse, are reduced. It also improves patient health and lowers healthcare expenses. Other federal requirements in the United States, like the Health Insurance Portability and Accountability Act (HIPAA) and the Patient Protection and Affordable Treatment Act (PPACA), compel healthcare businesses to focus on digitization and care quality.

The US market dominated the North America Healthcare Analytics Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $26,234.7 million by 2027. The Canada market is anticipated to grow at a CAGR of 31.1% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 29.9% during (2021 - 2027).

Based on Component, the market is segmented into Services, Software, and Hardware. Based on Type, the market is segmented into Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, and Cognitive Analytics. Based on End-user, the market is segmented into Life science Companies, Healthcare Payers, and Healthcare Providers. Based on Deployment Model, the market is segmented into On-premise and On-demand. Based on Application, the market is segmented into Financial Analytics, Clinical Analytics, Operation & Administrative Analytics, and Population Health. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Verisk Analytics, Inc., IQVIA Holdings, Inc., AllScripts Healthcare Solutions, Inc., McKesson Corporation, UnitedHealth Group, Inc. (Optum, Inc.), Health Catalyst, Inc., Cerner Corporation, and SAS Institute, Inc.

Scope of the Study

Market Segments covered in the Report:

By Component

  • Services
  • Software
  • Hardware

By Type

  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics
  • Cognitive Analytics

By End-user

  • Life science Companies
  • Healthcare Payers
  • Healthcare Providers

By Deployment Model

  • On-premise
  • On-demand

By Application

  • Financial Analytics
  • Clinical Analytics
  • Operation & Administrative Analytics
  • Population Health

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Companies Profiled

  • IBM Corporation
  • Oracle Corporation
  • Verisk Analytics, Inc.
  • IQVIA Holdings, Inc.
  • AllScripts Healthcare Solutions, Inc.
  • McKesson Corporation
  • UnitedHealth Group, Inc. (Optum, Inc.)
  • Health Catalyst, Inc.
  • Cerner Corporation
  • SAS Institute, Inc

Unique Offerings from KBV Research

  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology

  • 1.1 Market Definition
  • 1.2 Objectives
  • 1.3 Market Scope
  • 1.4 Segmentation
    • 1.4.1 North America Healthcare Analytics Market, by Component
    • 1.4.2 North America Healthcare Analytics Market, by Type
    • 1.4.3 North America Healthcare Analytics Market, by End-user
    • 1.4.4 North America Healthcare Analytics Market, by Deployment Model
    • 1.4.5 North America Healthcare Analytics Market, by Application
    • 1.4.6 North America Healthcare Analytics Market, by Country
  • 1.5 Methodology for the research

Chapter 2. Market Overview

  • 2.1 Introduction
    • 2.1.1 Overview
      • 2.1.1.1 Market Composition and Scenario
  • 2.2 Key Factors Impacting the Market
    • 2.2.1 Market Drivers
    • 2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global

  • 3.1 KBV Cardinal Matrix
  • 3.2 Recent Industry Wide Strategic Developments
    • 3.2.1 Partnerships, Collaborations and Agreements
    • 3.2.2 Product Launches and Product Expansions
    • 3.2.3 Acquisition and Mergers
  • 3.3 Top Winning Strategies
    • 3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
    • 3.3.2 Key Strategic Move: (Partnerships, Agreements, and Collaborations: 2018,Mar - 2021, Nov) Leading Players

Chapter 4. North America Healthcare Analytics Market by Component

  • 4.1 North America Services Market by Country
  • 4.2 North America Software Market by Country
  • 4.3 North America Hardware Market by Country

Chapter 5. North America Healthcare Analytics Market by Type

  • 5.1 North America Descriptive Analytics Market by Country
  • 5.2 North America Predictive Analytics Market by Country
  • 5.3 North America Prescriptive Analytics Market by Country
  • 5.4 North America Cognitive Analytics Market by Country

Chapter 6. North America Healthcare Analytics Market by End-user

  • 6.1 North America Life science Companies Market by Country
  • 6.2 North America Healthcare Payers Market by Country
  • 6.3 North America Healthcare Providers Market by Country

Chapter 7. North America Healthcare Analytics Market by Deployment Model

  • 7.1 North America On-premise Market by Country
  • 7.2 North America On-demand Market by Country

Chapter 8. North America Healthcare Analytics Market by Application

  • 8.1 North America Financial Analytics Market by Country
  • 8.2 North America Clinical Analytics Market by Country
  • 8.3 North America Operation & Administrative Analytics Market by Country
  • 8.4 North America Population Health Market by Country

Chapter 9. North America Healthcare Analytics Market by Country

  • 9.1 US Healthcare Analytics Market
    • 9.1.1 US Healthcare Analytics Market by Component
    • 9.1.2 US Healthcare Analytics Market by Type
    • 9.1.3 US Healthcare Analytics Market by End-user
    • 9.1.4 US Healthcare Analytics Market by Deployment Model
    • 9.1.5 US Healthcare Analytics Market by Application
  • 9.2 Canada Healthcare Analytics Market
    • 9.2.1 Canada Healthcare Analytics Market by Component
    • 9.2.2 Canada Healthcare Analytics Market by Type
    • 9.2.3 Canada Healthcare Analytics Market by End-user
    • 9.2.4 Canada Healthcare Analytics Market by Deployment Model
    • 9.2.5 Canada Healthcare Analytics Market by Application
  • 9.3 Mexico Healthcare Analytics Market
    • 9.3.1 Mexico Healthcare Analytics Market by Component
    • 9.3.2 Mexico Healthcare Analytics Market by Type
    • 9.3.3 Mexico Healthcare Analytics Market by End-user
    • 9.3.4 Mexico Healthcare Analytics Market by Deployment Model
    • 9.3.5 Mexico Healthcare Analytics Market by Application
  • 9.4 Rest of North America Healthcare Analytics Market
    • 9.4.1 Rest of North America Healthcare Analytics Market by Component
    • 9.4.2 Rest of North America Healthcare Analytics Market by Type
    • 9.4.3 Rest of North America Healthcare Analytics Market by End-user
    • 9.4.4 Rest of North America Healthcare Analytics Market by Deployment Model
    • 9.4.5 Rest of North America Healthcare Analytics Market by Application

Chapter 10. Company Profiles

  • 10.1 IBM Corporation
    • 10.1.1 Company Overview
    • 10.1.2 Financial Analysis
    • 10.1.3 Regional & Segmental Analysis
    • 10.1.4 Research & Development Expenses
    • 10.1.5 Recent Strategies and developments:
      • 10.1.5.1 Partnerships, Collaborations and Agreements:
    • 10.1.6 SWOT Analysis
  • 10.2 Oracle Corporation
    • 10.2.1 Company Overview
    • 10.2.2 Financial Analysis
    • 10.2.3 Segmental and Regional Analysis
    • 10.2.4 Research & Development Expense
    • 10.2.5 Recent Strategies and developments:
      • 10.2.5.1 Partnerships, Collaborations and Agreements:
    • 10.2.6 SWOT Analysis
  • 10.3 Verisk Analytics, Inc.
    • 10.3.1 Company overview
    • 10.3.2 Financial Analysis
    • 10.3.3 Segmental Analysis
    • 10.3.4 Research & Development Expense
    • 10.3.5 Recent Strategies and developments:
      • 10.3.5.1 Partnerships, Collaborations and Agreements:
      • 10.3.5.2 Acquisitions and Mergers:
  • 10.4 IQVIA Holdings, Inc.
    • 10.4.1 Company Overview
    • 10.4.2 Financial Analysis
    • 10.4.3 Segmental and Regional Analysis
    • 10.4.4 Recent Strategies and developments:
      • 10.4.4.1 Partnerships, Collaborations and Agreements:
      • 10.4.4.2 Product Launches and Product Expansions:
  • 10.5 AllScripts Healthcare Solutions, Inc.
    • 10.5.1 Company Overview
    • 10.5.2 Financial Analysis
    • 10.5.3 Regional & Segmental Analysis
    • 10.5.4 Research & Development Expenses
    • 10.5.5 Recent Strategies and developments:
      • 10.5.5.1 Partnerships, Collaborations and Agreements:
  • 10.6 McKesson Corporation
    • 10.6.1 Company Overview
    • 10.6.2 Financial Analysis
    • 10.6.3 Segmental Analysis
    • 10.6.4 Research & Development Expense
    • 10.6.5 Recent Strategies and developments:
      • 10.6.5.1 Partnerships, Collaborations and Agreements:
      • 10.6.5.2 Acquisitions and Mergers:
      • 10.6.5.3 Product Launches and Product Expansions:
  • 10.7 UnitedHealth Group, Inc. (Optum, Inc.)
    • 10.7.1 Company Overview
    • 10.7.2 Financial Analysis
    • 10.7.3 Segmental Analysis
    • 10.7.4 Recent Strategies and Developments:
      • 10.7.4.1 Partnerships, Collaborations, and Agreements:
      • 10.7.4.2 Product Launches and Product Expansions:
  • 10.8 Health Catalyst, Inc.
    • 10.8.1 Company Overview
    • 10.8.2 Financial Analysis
    • 10.8.3 Segmental Analysis
    • 10.8.4 Research & Development Expense
    • 10.8.5 Recent Strategies and Developments:
      • 10.8.5.1 Partnerships, Collaborations, and Agreements:
      • 10.8.5.2 Acquisitions and Mergers:
      • 10.8.5.3 Product Launches and Product Expansions:
  • 10.9 Cerner Corporation
    • 10.9.1 Company Overview
    • 10.9.2 Financial Analysis
    • 10.9.3 Regional Analysis
    • 10.9.4 Research & Development Expense
    • 10.9.5 Recent Strategies and Developments:
      • 10.9.5.1 Partnerships, Collaborations, and Agreements:
      • 10.9.5.2 Acquisitions and Mergers:
      • 10.9.5.3 Product Launches and Product Expansions:
  • 10.10. SAS Institute, Inc.
    • 10.10.1 Company Overview
    • 10.10.2 Recent Strategies and Developments:
      • 10.10.2.1 Partnerships, Collaborations, and Agreements:
      • 10.10.2.2 Acquisitions and Mergers:

LIST OF TABLES

  • TABLE 1 North America Healthcare Analytics Market, 2017 - 2020, USD Million
  • TABLE 2 North America Healthcare Analytics Market, 2021 - 2027, USD Million
  • TABLE 3 Partnerships, Collaborations and Agreements- Healthcare Analytics Market
  • TABLE 4 Product Launches And Product Expansions- Healthcare Analytics Market
  • TABLE 5 Acquisition and Mergers- Healthcare Analytics Market
  • TABLE 6 North America Healthcare Analytics Market by Component, 2017 - 2020, USD Million
  • TABLE 7 North America Healthcare Analytics Market by Component, 2021 - 2027, USD Million
  • TABLE 8 North America Services Market by Country, 2017 - 2020, USD Million
  • TABLE 9 North America Services Market by Country, 2021 - 2027, USD Million
  • TABLE 10 North America Software Market by Country, 2017 - 2020, USD Million
  • TABLE 11 North America Software Market by Country, 2021 - 2027, USD Million
  • TABLE 12 North America Hardware Market by Country, 2017 - 2020, USD Million
  • TABLE 13 North America Hardware Market by Country, 2021 - 2027, USD Million
  • TABLE 14 North America Healthcare Analytics Market by Type, 2017 - 2020, USD Million
  • TABLE 15 North America Healthcare Analytics Market by Type, 2021 - 2027, USD Million
  • TABLE 16 North America Descriptive Analytics Market by Country, 2017 - 2020, USD Million
  • TABLE 17 North America Descriptive Analytics Market by Country, 2021 - 2027, USD Million
  • TABLE 18 North America Predictive Analytics Market by Country, 2017 - 2020, USD Million
  • TABLE 19 North America Predictive Analytics Market by Country, 2021 - 2027, USD Million
  • TABLE 20 North America Prescriptive Analytics Market by Country, 2017 - 2020, USD Million
  • TABLE 21 North America Prescriptive Analytics Market by Country, 2021 - 2027, USD Million
  • TABLE 22 North America Cognitive Analytics Market by Country, 2017 - 2020, USD Million
  • TABLE 23 North America Cognitive Analytics Market by Country, 2021 - 2027, USD Million
  • TABLE 24 North America Healthcare Analytics Market by End-user, 2017 - 2020, USD Million
  • TABLE 25 North America Healthcare Analytics Market by End-user, 2021 - 2027, USD Million
  • TABLE 26 North America Life science Companies Market by Country, 2017 - 2020, USD Million
  • TABLE 27 North America Life science Companies Market by Country, 2021 - 2027, USD Million
  • TABLE 28 North America Healthcare Payers Market by Country, 2017 - 2020, USD Million
  • TABLE 29 North America Healthcare Payers Market by Country, 2021 - 2027, USD Million
  • TABLE 30 North America Healthcare Providers Market by Country, 2017 - 2020, USD Million
  • TABLE 31 North America Healthcare Providers Market by Country, 2021 - 2027, USD Million
  • TABLE 32 North America Healthcare Analytics Market by Deployment Model, 2017 - 2020, USD Million
  • TABLE 33 North America Healthcare Analytics Market by Deployment Model, 2021 - 2027, USD Million
  • TABLE 34 North America On-premise Market by Country, 2017 - 2020, USD Million
  • TABLE 35 North America On-premise Market by Country, 2021 - 2027, USD Million
  • TABLE 36 North America On-demand Market by Country, 2017 - 2020, USD Million
  • TABLE 37 North America On-demand Market by Country, 2021 - 2027, USD Million
  • TABLE 38 North America Healthcare Analytics Market by Application, 2017 - 2020, USD Million
  • TABLE 39 North America Healthcare Analytics Market by Application, 2021 - 2027, USD Million
  • TABLE 40 North America Financial Analytics Market by Country, 2017 - 2020, USD Million
  • TABLE 41 North America Financial Analytics Market by Country, 2021 - 2027, USD Million
  • TABLE 42 North America Clinical Analytics Market by Country, 2017 - 2020, USD Million
  • TABLE 43 North America Clinical Analytics Market by Country, 2021 - 2027, USD Million
  • TABLE 44 North America Operation & Administrative Analytics Market by Country, 2017 - 2020, USD Million
  • TABLE 45 North America Operation & Administrative Analytics Market by Country, 2021 - 2027, USD Million
  • TABLE 46 North America Population Health Market by Country, 2017 - 2020, USD Million
  • TABLE 47 North America Population Health Market by Country, 2021 - 2027, USD Million
  • TABLE 48 North America Healthcare Analytics Market by Country, 2017 - 2020, USD Million
  • TABLE 49 North America Healthcare Analytics Market by Country, 2021 - 2027, USD Million
  • TABLE 50 US Healthcare Analytics Market, 2017 - 2020, USD Million
  • TABLE 51 US Healthcare Analytics Market, 2021 - 2027, USD Million
  • TABLE 52 US Healthcare Analytics Market by Component, 2017 - 2020, USD Million
  • TABLE 53 US Healthcare Analytics Market by Component, 2021 - 2027, USD Million
  • TABLE 54 US Healthcare Analytics Market by Type, 2017 - 2020, USD Million
  • TABLE 55 US Healthcare Analytics Market by Type, 2021 - 2027, USD Million
  • TABLE 56 US Healthcare Analytics Market by End-user, 2017 - 2020, USD Million
  • TABLE 57 US Healthcare Analytics Market by End-user, 2021 - 2027, USD Million
  • TABLE 58 US Healthcare Analytics Market by Deployment Model, 2017 - 2020, USD Million
  • TABLE 59 US Healthcare Analytics Market by Deployment Model, 2021 - 2027, USD Million
  • TABLE 60 US Healthcare Analytics Market by Application, 2017 - 2020, USD Million
  • TABLE 61 US Healthcare Analytics Market by Application, 2021 - 2027, USD Million
  • TABLE 62 Canada Healthcare Analytics Market, 2017 - 2020, USD Million
  • TABLE 63 Canada Healthcare Analytics Market, 2021 - 2027, USD Million
  • TABLE 64 Canada Healthcare Analytics Market by Component, 2017 - 2020, USD Million
  • TABLE 65 Canada Healthcare Analytics Market by Component, 2021 - 2027, USD Million
  • TABLE 66 Canada Healthcare Analytics Market by Type, 2017 - 2020, USD Million
  • TABLE 67 Canada Healthcare Analytics Market by Type, 2021 - 2027, USD Million
  • TABLE 68 Canada Healthcare Analytics Market by End-user, 2017 - 2020, USD Million
  • TABLE 69 Canada Healthcare Analytics Market by End-user, 2021 - 2027, USD Million
  • TABLE 70 Canada Healthcare Analytics Market by Deployment Model, 2017 - 2020, USD Million
  • TABLE 71 Canada Healthcare Analytics Market by Deployment Model, 2021 - 2027, USD Million
  • TABLE 72 Canada Healthcare Analytics Market by Application, 2017 - 2020, USD Million
  • TABLE 73 Canada Healthcare Analytics Market by Application, 2021 - 2027, USD Million
  • TABLE 74 Mexico Healthcare Analytics Market, 2017 - 2020, USD Million
  • TABLE 75 Mexico Healthcare Analytics Market, 2021 - 2027, USD Million
  • TABLE 76 Mexico Healthcare Analytics Market by Component, 2017 - 2020, USD Million
  • TABLE 77 Mexico Healthcare Analytics Market by Component, 2021 - 2027, USD Million
  • TABLE 78 Mexico Healthcare Analytics Market by Type, 2017 - 2020, USD Million
  • TABLE 79 Mexico Healthcare Analytics Market by Type, 2021 - 2027, USD Million
  • TABLE 80 Mexico Healthcare Analytics Market by End-user, 2017 - 2020, USD Million
  • TABLE 81 Mexico Healthcare Analytics Market by End-user, 2021 - 2027, USD Million
  • TABLE 82 Mexico Healthcare Analytics Market by Deployment Model, 2017 - 2020, USD Million
  • TABLE 83 Mexico Healthcare Analytics Market by Deployment Model, 2021 - 2027, USD Million
  • TABLE 84 Mexico Healthcare Analytics Market by Application, 2017 - 2020, USD Million
  • TABLE 85 Mexico Healthcare Analytics Market by Application, 2021 - 2027, USD Million
  • TABLE 86 Rest of North America Healthcare Analytics Market, 2017 - 2020, USD Million
  • TABLE 87 Rest of North America Healthcare Analytics Market, 2021 - 2027, USD Million
  • TABLE 88 Rest of North America Healthcare Analytics Market by Component, 2017 - 2020, USD Million
  • TABLE 89 Rest of North America Healthcare Analytics Market by Component, 2021 - 2027, USD Million
  • TABLE 90 Rest of North America Healthcare Analytics Market by Type, 2017 - 2020, USD Million
  • TABLE 91 Rest of North America Healthcare Analytics Market by Type, 2021 - 2027, USD Million
  • TABLE 92 Rest of North America Healthcare Analytics Market by End-user, 2017 - 2020, USD Million
  • TABLE 93 Rest of North America Healthcare Analytics Market by End-user, 2021 - 2027, USD Million
  • TABLE 94 Rest of North America Healthcare Analytics Market by Deployment Model, 2017 - 2020, USD Million
  • TABLE 95 Rest of North America Healthcare Analytics Market by Deployment Model, 2021 - 2027, USD Million
  • TABLE 96 Rest of North America Healthcare Analytics Market by Application, 2017 - 2020, USD Million
  • TABLE 97 Rest of North America Healthcare Analytics Market by Application, 2021 - 2027, USD Million
  • TABLE 98 Key information - IBM Corporation
  • TABLE 99 Key Information - Oracle Corporation
  • TABLE 100 Key Information - Verisk Analytics, Inc.
  • TABLE 101 Key information - IQVIA Holdings, Inc.
  • TABLE 102 Key Information - AllScripts Healthcare Solutions, Inc.
  • TABLE 103 Key Information - McKesson Corporation
  • TABLE 104 Key Information - UnitedHealth Group, Inc.
  • TABLE 105 Key Information - Health Catalyst, Inc.
  • TABLE 106 key information - Cerner Corporation
  • TABLE 107 Key information - SAS Institute, Inc.

List of Figures

  • FIG 1 Methodology for the research
  • FIG 2 KBV Cardinal Matrix
  • FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
  • FIG 4 Key Strategic Move: (Partnerships, Agreements, and Collaborations: 2018,Mar - 2021, Nov) Leading Players
  • FIG 5 Swot analysis: IBM Corporation
  • FIG 6 SWOT analysis: Oracle Corporation
  • FIG 7 Recent Strategies and Developments: Verisk Analytics, Inc.
  • FIG 8 Recent Strategies and Developments: IQVIA Holdings, Inc.
  • FIG 9 Recent Strategies and Developments: McKesson Corporation
  • FIG 10 Recent Strategies and Developments: UnitedHealth Group, Inc.
  • FIG 11 Recent Strategies and Developments: Health Catalyst, Inc.
  • FIG 12 Recent Strategies and Developments: Cerner Corporation
  • FIG 13 Recent Strategies and Developments: SAS Institute, Inc.