The North America healthcare analytics market is projected to develop with a 25.39% CAGR across the forecasted years of 2022 to 2030, acquiring a revenue share of $89171.91 million by 2030.

NORTH AMERICA HEALTHCARE ANALYTICS MARKET FORECAST 2022-2030

North America Healthcare Analytics Market by Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics) Market by Delivery Mode (on-premise, on-demand) Market by Component (Services, Software, Hardware) Market by Application (Financial Analytics, Clinical Analytics, Operational and Administrative Analytics, Population Health Analytics) Market by End-user (Payer, Provider, ACOS, HIES, MCOS, and TPAS) by Geography

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The North America healthcare analytics market is projected to develop with a 25.39% CAGR across the forecasted years of 2022 to 2030, acquiring a revenue share of $89171.91 million by 2030.

The market growth of the region is credited to the increase in various end-users such as physician practices as well as hospitals, the well-established presence of big data firms, and the development of product portfolios through the use of machine learning and artificial intelligence. However, the North America healthcare analytics market may be restrained by the surging rates of data breaches.

North America Healthcare Analytics Market

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The North America healthcare analytics market growth assessment comprises the study of the United States and Canada. The big data revolution plays a vital role in accelerating healthcare analytics in the United States. In addition to the rise in big data, numerous leading players are also headquartered in the country. For instance, NIX United, a big data company in the United States, partnered with IBM Cloud Oracle. Furthermore, Informed Data Systems’ One Drop app for Android and Apple also introduced dramatic transformations in A1c for individuals with diabetes.

On the other hand, Canada-based Imagia Cybernetics, an AI-healthcare company, merged with Canexia Health in 2022. The integrated solution leveraged AI-based informatics for patient monitoring, selection, and the provision of clinical laboratory support in order to make testing in-house.

Likewise, AbCellera’s acquisitions with TetraGenetics Inc in 2021 enhanced capabilities for the generation of antibodies against high-value targets. These companies possess the potential to explore the discovery of antibodies against validated as well as sought-after drug targets. As a result, these factors are integral to the North America healthcare analytics market growth during the forecast period.

The North America healthcare analytics market segmentation includes type, delivery mode, component, application, and end-user. The type category is further classified into descriptive analysis, predictive analysis, and prescriptive analysis. Through descriptive analysis, historical data, such as the number of patients admitted to the hospital, and the percentage of patients that dropped home therapy can be comprehended. Moreover, past data, in addition to the use of simple statistical measures like averages, counts, and percentages, plays a vital role in acquiring data via descriptive analysis.

Conversely, in predictive analysis, scientists utilize historical data for estimating upcoming events through the use of advanced computational techniques. These include big data and machine learning. With the assistance of advanced technology, scientists can also store thousands of data elements in electronic records for every patient, in addition to identifying patterns from all patients across the database.

Some of the leading companies operating in the North America healthcare analytics market include IBM Corporation, SAS Institute, Oracle, CVS Health, etc.

SAS Institute, headquartered in the United States, is a multinational analytics software service company. Its presence extends across the United States, Latin America, Canada, Europe, and the Middle East & Africa.

The company’s product, SAS Health Care Analytics, increases the interoperability of health data, analytic workflows, and processes. It also minimizes latency and processing time by moving analytics to the cloud, thus improving efficiency. The product increases the value of analytics through a governed, secured cloud-based infrastructure, as well. Besides, SAS Health Care Analytics also adapts to the rapidly transforming health data landscape.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Type, Delivery Mode, Component, Application, and End-User
Countries Analyzed The United States and Canada
Companies Analyzed

Verisk Analytics Inc, Allscripts, SAS Institute, Cerner, Oracle, CVS Health, Optum, Elsevier, MedeAnalytics, Health Catalyst, McKesson, HMS (VitreosHealth), IBM Corporation, Inovalon, and Iqvia.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • INCREASED DEMAND FOR BIG DATA
        • INCREASING ADOPTION OF EHR IN DEVELOPING AND DEVELOPED COUNTRIES
        • TECHNOLOGY REDUCES HEALTHCARE COSTS
      • KEY RESTRAINTS
        • INCREASING NUMBER OF DATA BREACHES
        • HIGH IMPLEMENTATION COSTS
        • TECHNOLOGY-CHALLENGED USERS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON THE HEALTHCARE ANALYTICS MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • KEY BUYING CRITERIA
        • QUALITY OF REPORTING
        • SOFTWARE MUST BE PATIENT-FOCUSED
        • DATA COLLECTION AND ANALYTICS TOOL
        • COST-EFFECTIVENESS
      • VALUE CHAIN ANALYSIS
    2. MARKET BY TYPE
      • DESCRIPTIVE ANALYTICS
      • PREDICTIVE ANALYTICS
      • PRESCRIPTIVE ANALYTICS
    3. MARKET BY DELIVERY MODE
      • ON-PREMISE
      • ON-DEMAND
    4. MARKET BY COMPONENT
      • SERVICES
      • SOFTWARE
      • HARDWARE
    5. MARKET BY APPLICATION
      • FINANCIAL ANALYTICS
      • CLINICAL ANALYTICS
      • OPERATIONAL AND ADMINISTRATIVE ANALYTICS
      • POPULATION HEALTH ANALYTICS
    6. MARKET BY END-USER
      • PAYER
      • PROVIDER
      • ACOS, HIES, MCOS, AND TPAS
    7. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
      • COMPANY PROFILES
        • ALLSCRIPTS
        • CERNER
        • CVS HEALTH
        • ELSEVIER
        • HEALTH CATALYST
        • HMS (VITREOSHEALTH)
        • IBM CORPORATION
        • INOVALON
        • IQVIA
        • MCKESSON
        • MEDEANALYTICS
        • OPTUM
        • ORACLE
        • SAS INSTITUTE
        • VERISK ANALYTICS INC

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – HEALTHCARE ANALYTICS

    TABLE 2: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 3: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 4: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY DELIVERY MODE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY DELIVERY MODE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 7: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 8: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 11: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 12: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 13: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 14: LEADING PLAYERS OPERATING IN NORTH AMERICA HEALTHCARE ANALYTICS MARKET

    TABLE 15: LIST OF MERGERS & ACQUISITIONS

    TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS                            

    LIST OF FIGURES

    FIGURE 1: BIG DATA MARKET SIZE AND FORECAST, 2019-2025 (IN $ BILLION)

    FIGURE 2: KEY MARKET TRENDS

    FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 4: OPPORTUNITY MATRIX

    FIGURE 5: VENDOR LANDSCAPE

    FIGURE 6: KEY BUYING CRITERIA

    FIGURE 7: VALUE CHAIN ANALYSIS

    FIGURE 8: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

    FIGURE 9: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY DESCRIPTIVE ANALYTICS, 2022-2030 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY PREDICTIVE ANALYTICS, 2022-2030 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY PRESCRIPTIVE ANALYTICS, 2022-2030 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, GROWTH POTENTIAL, BY DELIVERY MODE, IN 2021

    FIGURE 13: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY ON-PREMISE, 2022-2030 (IN $ MILLION)

    FIGURE 14: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY ON-DEMAND, 2022-2030 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

    FIGURE 16: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY SERVICES, 2022-2030 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY HARDWARE, 2022-2030 (IN $ MILLION)

    FIGURE 19: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 20: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY FINANCIAL ANALYTICS, 2022-2030 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY CLINICAL ANALYTICS, 2022-2030 (IN $ MILLION)

    FIGURE 22: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY OPERATIONAL AND ADMINISTRATIVE ANALYTICS, 2022-2030 (IN $ MILLION)

    FIGURE 23: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY POPULATION HEALTH ANALYTICS, 2022-2030 (IN $ MILLION)

    FIGURE 24: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 25: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY PAYER, 2022-2030 (IN $ MILLION)

    FIGURE 26: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY PROVIDER, 2022-2030 (IN $ MILLION)

    FIGURE 27: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, BY ACOS, HIES, MCOS, AND TPAS, 2022-2030 (IN $ MILLION)

    FIGURE 28: NORTH AMERICA HEALTHCARE ANALYTICS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 29: UNITED STATES HEALTHCARE ANALYTICS MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 30: CANADA HEALTHCARE ANALYTICS MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY TYPE
      • DESCRIPTIVE ANALYTICS
      • PREDICTIVE ANALYTICS
      • PRESCRIPTIVE ANALYTICS
    2. MARKET BY DELIVERY MODE
      • ON-PREMISE
      • ON-DEMAND
    3. MARKET BY COMPONENT
      • SERVICES
      • SOFTWARE
      • HARDWARE
    4. MARKET BY APPLICATION
      • FINANCIAL ANALYTICS
      • CLINICAL ANALYTICS
      • OPERATIONAL AND ADMINISTRATIVE ANALYTICS
      • POPULATION HEALTH ANALYTICS
    5. MARKET BY END-USER
      • PAYER
      • PROVIDER
      • ACOS, HIES, MCOS, AND TPAS

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