Healthcare Predictive Analytics Market By Application (Clinical Analytics, Financial Analytics, Operational Analytics, Others), By Component (Hardware, Software) By End-User (Payers, Providers, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033

July 2024 | 260 pages | ID: H7098DCE5E72EN
Allied Market Research

Abstracts

The global healthcare predictive analytics market was valued at $14.6 billion in 2023, and is projected t%li%reach $128.2 billion by 2033, growing at a CAGR of 24.3% from 2024 t%li%2033.

Predictive analytics is the process of using data t%li%forecast future outcomes. The process uses data analysis, machine learning, artificial intelligence, and statistical models t%li%find patterns that might predict future behavior. Healthcare practitioners can use predictive analytics t%li%identify possibilities t%li%make more effective and efficient clinical and operational decisions, forecast trends, and even control the spread of illnesses by analyzing historical and current healthcare data.

The growth of the healthcare predictive analytics market is driven by numerous factors. One of the primary drivers is rise in the adoption of electronic health records (EHRs) and digital healthcare systems. These systems generate vast amounts of data, ranging from patient demographics t%li%clinical histories, thereby driving the healthcare predictive analytics market growth. In addition, increase in demand for personalized medicine and value-based care models is propelling the demand of predictive analytics solutions. These tools empower clinicians t%li%customize treatments based on individual patient characteristics, leading t%li%more effective and efficient care delivery.

However, data privacy and security concerns hinder the growth of the market. Healthcare data is highly sensitive and subject t%li%stringent regulatory requirements such as HIPAA in the U.S. Ensuring compliance while harnessing the full potential of predictive analytics poses a considerable hurdle for healthcare organizations. Contrarily, technological advancements in the healthcare predictive analytics sector offer lucrative opportunities t%li%manufacturers in the sector t%li%innovate. For instance, in September 2021, Healthcare analytics company Trilliant Health developed a new predictive analytics tool that enables strategy teams t%li%see a 10-year view of the healthcare market with insights all the way down t%li%the local market level.

Segmentation Overview

The healthcare predictive analytics market is segmented int%li%application, component, end user, and region. Depending on the application, the market is categorized int%li%clinical analytics, financial analytics, operational analytics, and others. Depending on the component, it is bifurcated int%li%hardware and software. By end user, the market is divided int%li%payers, providers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Competitive Scenario

The major players operating in the healthcare predictive analytics industry include IBM, Cerner Corp., Verisk Analytics, Inc., McKesson Corp., SAS Institute, Oracle, Allscripts, Cotiviti, Inc., Citius Tech Inc, and Optum, Inc. Other players in healthcare predictive analytics market includes ExlServices Holdings, Evidation Health, and MedeAnalytics, Inc. These players have maintained and are sustaining their position in the market by adopted different strategies, including product development & innovation, mergers & acquisitions, diversification, marketing & advertising, and mergers & acquisitions.

Additional benefits you will get with this purchase are:

• Quarterly Update and* (only available with a corporate license, on listed price)
• 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
• Free Upcoming Version on the Purchase of Five and Enterprise User License.
• 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
• 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent t%li%3 working days of free work, applicable once)
• Free data Pack on the Five and Enterprise User License. (Excel version of the report)
• Free Updated report if the report is 6-12 months old or older.
• 24-hour priority response*
• Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)

• Additional company profiles with specific t%li%client's interest
• Expanded list for Company Profiles
• Historic market data

Key Market Segments

By Application

• Clinical Analytics
• Financial Analytics
• Operational Analytics
• Others

By Component

• Hardware
• Software

By End-User

• Payers
• Providers
• Others

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• France
• Germany
• Italy
• Spain
• UK
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Rest of Asia-Pacific
• LAMEA
• Brazil
• South Africa
• Saudi Arabia
• Rest of LAMEA
• Key Market Players
• IBM
• Optum, Inc.
• Cotiviti, Inc.,
• Cerner Corporation
• Verisk Analytics, Inc.
• McKesson Corporation.
• SAS Institute Inc
• Oracle Corp
• Allscripts
• Citius Tech Inc.

Contents

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: REFERRAL MANAGEMENT MARKET, BY TYPE

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Type
4.2. Inbound
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Outbound
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country

CHAPTER 5: REFERRAL MANAGEMENT MARKET, BY DEPLOYMENT MODE

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Deployment Mode
5.2. Cloud Web-based
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. On-premise
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country

CHAPTER 6: REFERRAL MANAGEMENT MARKET, BY END USER

6.1. Market Overview
  6.1.1 Market Size and Forecast, By End User
6.2. Providers
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. Payers
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country
6.4. Patients
  6.4.1. Key Market Trends, Growth Factors and Opportunities
  6.4.2. Market Size and Forecast, By Region
  6.4.3. Market Share Analysis, By Country
6.5. Others
  6.5.1. Key Market Trends, Growth Factors and Opportunities
  6.5.2. Market Size and Forecast, By Region
  6.5.3. Market Share Analysis, By Country

CHAPTER 7: REFERRAL MANAGEMENT MARKET, BY REGION

7.1. Market Overview
  7.1.1 Market Size and Forecast, By Region
7.2. North America
  7.2.1. Key Market Trends and Opportunities
  7.2.2. Market Size and Forecast, By Type
  7.2.3. Market Size and Forecast, By Deployment Mode
  7.2.4. Market Size and Forecast, By End User
  7.2.5. Market Size and Forecast, By Country
  7.2.6. U.S. Referral Management Market
    7.2.6.1. Market Size and Forecast, By Type
    7.2.6.2. Market Size and Forecast, By Deployment Mode
    7.2.6.3. Market Size and Forecast, By End User
  7.2.7. Canada Referral Management Market
    7.2.7.1. Market Size and Forecast, By Type
    7.2.7.2. Market Size and Forecast, By Deployment Mode
    7.2.7.3. Market Size and Forecast, By End User
  7.2.8. Mexico Referral Management Market
    7.2.8.1. Market Size and Forecast, By Type
    7.2.8.2. Market Size and Forecast, By Deployment Mode
    7.2.8.3. Market Size and Forecast, By End User
7.3. Europe
  7.3.1. Key Market Trends and Opportunities
  7.3.2. Market Size and Forecast, By Type
  7.3.3. Market Size and Forecast, By Deployment Mode
  7.3.4. Market Size and Forecast, By End User
  7.3.5. Market Size and Forecast, By Country
  7.3.6. Germany Referral Management Market
    7.3.6.1. Market Size and Forecast, By Type
    7.3.6.2. Market Size and Forecast, By Deployment Mode
    7.3.6.3. Market Size and Forecast, By End User
  7.3.7. Italy Referral Management Market
    7.3.7.1. Market Size and Forecast, By Type
    7.3.7.2. Market Size and Forecast, By Deployment Mode
    7.3.7.3. Market Size and Forecast, By End User
  7.3.8. Spain Referral Management Market
    7.3.8.1. Market Size and Forecast, By Type
    7.3.8.2. Market Size and Forecast, By Deployment Mode
    7.3.8.3. Market Size and Forecast, By End User
  7.3.9. UK Referral Management Market
    7.3.9.1. Market Size and Forecast, By Type
    7.3.9.2. Market Size and Forecast, By Deployment Mode
    7.3.9.3. Market Size and Forecast, By End User
  7.3.10. France Referral Management Market
    7.3.10.1. Market Size and Forecast, By Type
    7.3.10.2. Market Size and Forecast, By Deployment Mode
    7.3.10.3. Market Size and Forecast, By End User
  7.3.11. Rest of Europe Referral Management Market
    7.3.11.1. Market Size and Forecast, By Type
    7.3.11.2. Market Size and Forecast, By Deployment Mode
    7.3.11.3. Market Size and Forecast, By End User
7.4. Asia-Pacific
  7.4.1. Key Market Trends and Opportunities
  7.4.2. Market Size and Forecast, By Type
  7.4.3. Market Size and Forecast, By Deployment Mode
  7.4.4. Market Size and Forecast, By End User
  7.4.5. Market Size and Forecast, By Country
  7.4.6. China Referral Management Market
    7.4.6.1. Market Size and Forecast, By Type
    7.4.6.2. Market Size and Forecast, By Deployment Mode
    7.4.6.3. Market Size and Forecast, By End User
  7.4.7. Japan Referral Management Market
    7.4.7.1. Market Size and Forecast, By Type
    7.4.7.2. Market Size and Forecast, By Deployment Mode
    7.4.7.3. Market Size and Forecast, By End User
  7.4.8. India Referral Management Market
    7.4.8.1. Market Size and Forecast, By Type
    7.4.8.2. Market Size and Forecast, By Deployment Mode
    7.4.8.3. Market Size and Forecast, By End User
  7.4.9. South Korea Referral Management Market
    7.4.9.1. Market Size and Forecast, By Type
    7.4.9.2. Market Size and Forecast, By Deployment Mode
    7.4.9.3. Market Size and Forecast, By End User
  7.4.10. Australia Referral Management Market
    7.4.10.1. Market Size and Forecast, By Type
    7.4.10.2. Market Size and Forecast, By Deployment Mode
    7.4.10.3. Market Size and Forecast, By End User
  7.4.11. Rest of Asia-Pacific Referral Management Market
    7.4.11.1. Market Size and Forecast, By Type
    7.4.11.2. Market Size and Forecast, By Deployment Mode
    7.4.11.3. Market Size and Forecast, By End User
7.5. LAMEA
  7.5.1. Key Market Trends and Opportunities
  7.5.2. Market Size and Forecast, By Type
  7.5.3. Market Size and Forecast, By Deployment Mode
  7.5.4. Market Size and Forecast, By End User
  7.5.5. Market Size and Forecast, By Country
  7.5.6. Brazil Referral Management Market
    7.5.6.1. Market Size and Forecast, By Type
    7.5.6.2. Market Size and Forecast, By Deployment Mode
    7.5.6.3. Market Size and Forecast, By End User
  7.5.7. Saudi Arabia Referral Management Market
    7.5.7.1. Market Size and Forecast, By Type
    7.5.7.2. Market Size and Forecast, By Deployment Mode
    7.5.7.3. Market Size and Forecast, By End User
  7.5.8. UAE Referral Management Market
    7.5.8.1. Market Size and Forecast, By Type
    7.5.8.2. Market Size and Forecast, By Deployment Mode
    7.5.8.3. Market Size and Forecast, By End User
  7.5.9. South Africa Referral Management Market
    7.5.9.1. Market Size and Forecast, By Type
    7.5.9.2. Market Size and Forecast, By Deployment Mode
    7.5.9.3. Market Size and Forecast, By End User
  7.5.10. Rest of LAMEA Referral Management Market
    7.5.10.1. Market Size and Forecast, By Type
    7.5.10.2. Market Size and Forecast, By Deployment Mode
    7.5.10.3. Market Size and Forecast, By End User

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. GetWellNetwork
  9.1.1. Company Overview
  9.1.2. Key Executives
  9.1.3. Company Snapshot
  9.1.4. Operating Business Segments
  9.1.5. Product Portfolio
  9.1.6. Business Performance
  9.1.7. Key Strategic Moves and Developments
9.2. EPIC Systems Corporation
  9.2.1. Company Overview
  9.2.2. Key Executives
  9.2.3. Company Snapshot
  9.2.4. Operating Business Segments
  9.2.5. Product Portfolio
  9.2.6. Business Performance
  9.2.7. Key Strategic Moves and Developments
9.3. Careport Health
  9.3.1. Company Overview
  9.3.2. Key Executives
  9.3.3. Company Snapshot
  9.3.4. Operating Business Segments
  9.3.5. Product Portfolio
  9.3.6. Business Performance
  9.3.7. Key Strategic Moves and Developments
9.4. Allscripts Healthcare Solutions, Inc.,
  9.4.1. Company Overview
  9.4.2. Key Executives
  9.4.3. Company Snapshot
  9.4.4. Operating Business Segments
  9.4.5. Product Portfolio
  9.4.6. Business Performance
  9.4.7. Key Strategic Moves and Developments
9.5. Athena Health
  9.5.1. Company Overview
  9.5.2. Key Executives
  9.5.3. Company Snapshot
  9.5.4. Operating Business Segments
  9.5.5. Product Portfolio
  9.5.6. Business Performance
  9.5.7. Key Strategic Moves and Developments
9.6. Cerner Corporation
  9.6.1. Company Overview
  9.6.2. Key Executives
  9.6.3. Company Snapshot
  9.6.4. Operating Business Segments
  9.6.5. Product Portfolio
  9.6.6. Business Performance
  9.6.7. Key Strategic Moves and Developments
9.7. Eceptionist, Inc.
  9.7.1. Company Overview
  9.7.2. Key Executives
  9.7.3. Company Snapshot
  9.7.4. Operating Business Segments
  9.7.5. Product Portfolio
  9.7.6. Business Performance
  9.7.7. Key Strategic Moves and Developments
9.8. EHealth Technologies, Inc.
  9.8.1. Company Overview
  9.8.2. Key Executives
  9.8.3. Company Snapshot
  9.8.4. Operating Business Segments
  9.8.5. Product Portfolio
  9.8.6. Business Performance
  9.8.7. Key Strategic Moves and Developments