PUBLISHER: The Business Research Company | PRODUCT CODE: 1830742
PUBLISHER: The Business Research Company | PRODUCT CODE: 1830742
Clinical healthcare analytics services refer to specialized solutions and processes designed to collect, analyze, and interpret clinical data to enhance patient care, optimize operational efficiency, and support informed medical decision-making. These services apply data analytics techniques such as predictive modeling, machine learning, and statistical analysis to clinical datasets, including electronic health records (EHRs), laboratory results, and patient outcomes.
The primary components of clinical healthcare analytics services include software, services, and data management tools. Software consists of programs and instructions that enable computers to perform specific tasks. Deployment models include cloud-based, on-premise, and hybrid systems, supporting technologies such as artificial intelligence (AI), machine learning (ML), natural language processing (NLP), and big data analytics. Key applications encompass patient care analytics, operational analytics, financial analytics, population health management, and clinical decision support, serving end users such as healthcare providers, payers, and other stakeholders.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sudden escalation of U.S. tariffs and the consequent trade frictions in spring 2025 are severely impacting the healthcare sector, particularly in the supply of critical medical devices, diagnostic equipment, and pharmaceuticals. Hospitals and healthcare providers are facing higher costs for imported surgical instruments, imaging equipment, and consumables such as syringes and catheters, many of which have limited domestic alternatives. These increased costs are straining healthcare budgets, leading some providers to delay equipment upgrades or pass on expenses to patients. Additionally, tariffs on raw materials and components are disrupting the production of essential drugs and devices, causing supply chain bottlenecks. In response, the industry is diversifying sourcing strategies, boosting local manufacturing where possible, and advocating for tariff exemptions on life-saving medical products.
The clinical healthcare analytics services market research report is one of a series of new reports from The Business Research Company that provides clinical healthcare analytics services market statistics, including clinical healthcare analytics services industry global market size, regional shares, competitors with a clinical healthcare analytics services market share, clinical healthcare analytics services market segments, market trends and opportunities, and any further data you may need to thrive in the clinical healthcare analytics services industry. This clinical healthcare analytics services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The clinical healthcare analytics services market size has grown rapidly in recent years. It will grow from $15.37 billion in 2024 to $17.48 billion in 2025 at a compound annual growth rate (CAGR) of 13.7%. The growth in the historic period can be attributed to rising demand for data-driven healthcare solutions, increasing adoption of electronic health records (EHRs), growing focus on personalized medicine, expanding use of cloud computing platforms, and heightened demand for predictive analytics tools in healthcare.
The clinical healthcare analytics services market size is expected to see rapid growth in the next few years. It will grow to $28.90 billion in 2029 at a compound annual growth rate (CAGR) of 13.4%. The growth in the forecast period can be attributed to the rising prevalence of chronic diseases, increasing demand for real-time data analytics, expanding adoption of telemedicine, growing emphasis on population health management, and heightened focus on healthcare cybersecurity. Major trends during this period include the integration of artificial intelligence (AI) with clinical decision support systems, advancements in real-time monitoring and data processing, innovations in data visualization tools, application of blockchain for secure health data management, and developments in precision medicine solutions.
The increasing demand for telehealth adoption is expected to propel the growth of the clinical healthcare analytics services market going forward. Telehealth adoption refers to the use of digital technologies to deliver healthcare services remotely, enabling patients to consult healthcare professionals without physically visiting a medical facility. Telehealth adoption is rising due to patient preference for convenient, quick access to care from home, reducing travel time and minimizing exposure to illnesses. Clinical healthcare analytics services support telehealth by enabling real-time tracking of patient data, facilitating data-driven decision-making, personalizing treatment plans, and optimizing resource allocation without in-person visits. For instance, in February 2023, the 2022 Digital Health Consumer Adoption Survey by Rock Health, a US-based healthcare organization, reported that 80% of respondents had used telemedicine at least once, an 8-percentage-point increase from 72% in 2021. Therefore, the rising adoption of telehealth is driving the growth of the clinical healthcare analytics services market.
Key companies in the market are focusing on technological advancements such as clinical predictive modeling to enhance patient care, operational efficiency, and data-driven decision-making. Clinical predictive modeling uses statistical techniques, machine learning algorithms, and historical healthcare data to forecast future clinical events, outcomes, or risks for individual patients or populations. For example, in October 2024, Definitive Healthcare Corp., a US-based company, launched a predictive analytics solution offering multi-year market demand forecasting, AI-powered modeling integrating historical claims data with population projections, and interactive scenario planning tools. Customizable dashboards provide real-time strategic analysis, granular segmentation by geography, service line, and patient demographics, enabling healthcare organizations to identify high-growth opportunities and optimize resources proactively.
In May 2023, MultiPlan Corporation, a US-based provider of data analytics and cost management solutions, acquired Benefits Science LLC to strengthen its Data and Decision Science service line. This acquisition integrates Benefits Science's AI-powered platform, enhancing MultiPlan's capabilities in descriptive, predictive, and prescriptive analytics to improve clinical and financial outcomes across the healthcare ecosystem. Benefits Science LLC is a US-based firm specializing in clinical healthcare analytics services.
Major players in the clinical healthcare analytics services market are McKesson Corporation, Optum Inc., International Business Machines Corporation, Oracle Corporation, Siemens Healthineers AG, Cognizant Technology Solutions Corporation, Koninklijke Philips N.V., GE HealthCare Technologies Inc., RELX PLC, Epic Systems Corporation, SAS Institute Inc., athenahealth Inc., CitiusTech Inc., Inovalon Holdings Inc., NextGen Healthcare Inc., Veradigm Inc., Flatiron Health Inc., Health Catalyst Inc., MedeAnalytics Inc., and SOPHiA GENETICS SA.
North America was the largest region in the clinical healthcare analytics services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in clinical healthcare analytics services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the clinical healthcare analytics services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The clinical healthcare analytics services market consists of revenues earned by entities by providing services such as predictive analytics, clinical decision support, population health management, quality and performance monitoring, operational analytics, and clinical trials and research analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. The clinical healthcare analytics services market also includes sales of clinical decision support systems, predictive analytics platforms, population health management tools, data analytics dashboards and visualization tools, and natural language processing tools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Clinical Healthcare Analytics Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on clinical healthcare analytics services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for clinical healthcare analytics services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The clinical healthcare analytics services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.