Healthcare Cloud Based Analytics Market

Executive Summary

Healthcare Cloud Based Analytics Market was valued at US $37.37 billion in 2021 and is projected to grow at 16.50% CAGR over the forecast period to reach US $93.46 billion by 2027. Healthcare Cloud Based Analytics Market represented US $9.84 billion opportunity over 2019-2021 and estimated to create US $56.08 billion opportunity in 2027 over 2021.

Healthcare Cloud Based Analytics from Consainsights analyses the Healthcare Cloud Based Analytics Market in the Life Sciences industry over the forecast period to 2027.

Healthcare Cloud Based Analytics research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Healthcare Cloud Based Analytics segmentation includes Technology Type, Application, Component and Geography.

Based on the Technology Type, the Healthcare Cloud Based Analytics analysis covers Predictive Analytics, Prescriptive Analytics, Descriptive Analytics.

In Technology Type segment, Descriptive Analytics segment has highest cagr growth of 14.54%.

Based on the Application, the Healthcare Cloud Based Analytics analysis covers Clinical Data Analytics, Administrative Data Analytics, Research Data Analytics, Others.

In Application segment, Clinical Data Analytics segment has highest cagr growth of 14.54%.

Based on the Component, the Healthcare Cloud Based Analytics analysis covers Hardware, Software, Services.

In Component segment, Hardware segment has highest cagr growth of 14.54%.

Based on the region, the Healthcare Cloud Based Analytics analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Allscripts Healthcare Solutions, Cerner corporation, CitiusTech, HP, IBM, McKesson, Optum Health, Oracle, Verisk Analytics and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Technology Type

Introduction

In 2021, Predictive Analytics segment has the highest revenue of US $19.60 billion and is expected to grow at CAGR of 14.54% by 2027 Descriptive Analytics segment has highest cagr growth of 14.54%.

Predictive Analytics

Predictive Analytics segment was valued at US $14.44 billion in 2019 and is projected to grow at 14.54% CAGR over the forecast period to reach US $49.01 billion by 2027. Predictive Analytics segment represented US $5.16 billion opportunity over 2019-2021 and estimated to create US $29.41 billion opportunity in 2027 over 2021.

Prescriptive Analytics

Prescriptive Analytics segment was valued at US $9.94 billion in 2019 and is projected to grow at 14.54% CAGR over the forecast period to reach US $33.73 billion by 2027. Prescriptive Analytics segment represented US $3.55 billion opportunity over 2019-2021 and estimated to create US $20.24 billion opportunity in 2027 over 2021.

Descriptive Analytics

Descriptive Analytics segment was valued at US $3.16 billion in 2019 and is projected to grow at 14.54% CAGR over the forecast period to reach US $10.72 billion by 2027. Descriptive Analytics segment represented US $1.13 billion opportunity over 2019-2021 and estimated to create US $6.43 billion opportunity in 2027 over 2021.

Application

Introduction

In 2021, Clinical Data Analytics segment has the highest revenue of US $18.04 billion and is expected to grow at CAGR of 14.54% by 2027 Clinical Data Analytics segment has highest cagr growth of 14.54%.

Clinical Data Analytics

Clinical Data Analytics segment was valued at US $13.29 billion in 2019 and is projected to grow at 14.54% CAGR over the forecast period to reach US $45.12 billion by 2027. Clinical Data Analytics segment represented US $4.75 billion opportunity over 2019-2021 and estimated to create US $27.08 billion opportunity in 2027 over 2021.

Administrative Data Analytics

Administrative Data Analytics segment was valued at US $7.55 billion in 2019 and is projected to grow at 14.54% CAGR over the forecast period to reach US $25.63 billion by 2027. Administrative Data Analytics segment represented US $2.70 billion opportunity over 2019-2021 and estimated to create US $15.38 billion opportunity in 2027 over 2021.

Research Data Analytics

Research Data Analytics segment was valued at US $3.08 billion in 2019 and is projected to grow at 14.54% CAGR over the forecast period to reach US $10.46 billion by 2027. Research Data Analytics segment represented US $1.10 billion opportunity over 2019-2021 and estimated to create US $6.28 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $3.61 billion in 2019 and is projected to grow at 14.54% CAGR over the forecast period to reach US $12.24 billion by 2027. Others segment represented US $1.29 billion opportunity over 2019-2021 and estimated to create US $7.35 billion opportunity in 2027 over 2021.

Component

Introduction

In 2021, Hardware segment has the highest revenue of US $21.87 billion and is expected to grow at CAGR of 14.54% by 2027 Hardware segment has highest cagr growth of 14.54%.

Hardware

Hardware segment was valued at US $16.11 billion in 2019 and is projected to grow at 14.54% CAGR over the forecast period to reach US $54.69 billion by 2027. Hardware segment represented US $5.76 billion opportunity over 2019-2021 and estimated to create US $32.82 billion opportunity in 2027 over 2021.

Software

Software segment was valued at US $9.74 billion in 2019 and is projected to grow at 14.54% CAGR over the forecast period to reach US $33.06 billion by 2027. Software segment represented US $3.48 billion opportunity over 2019-2021 and estimated to create US $19.84 billion opportunity in 2027 over 2021.

Services

Services segment was valued at US $1.68 billion in 2019 and is projected to grow at 14.54% CAGR over the forecast period to reach US $5.71 billion by 2027. Services segment represented US $0.60 billion opportunity over 2019-2021 and estimated to create US $3.43 billion opportunity in 2027 over 2021.