Canada Healthcare Analytics Market Size & Outlook
Canada healthcare analytics market, 2018-2030 (US$M)
Related Markets
Canada healthcare analytics market highlights
- The Canada healthcare analytics market generated a revenue of USD 3,395.7 million in 2023 and is expected to reach USD 14,511.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 23.1% from 2024 to 2030.
- In terms of segment, descriptive analytics was the largest revenue generating type in 2023.
- Predictive Analytics is the most lucrative type segment registering the fastest growth during the forecast period.
Healthcare analytics market data book summary
| Market revenue in 2023 | USD 3,395.7 million |
| Market revenue in 2030 | USD 14,511.9 million |
| Growth rate | 23.1% (CAGR from 2023 to 2030) |
| Largest segment | Descriptive analytics |
| Fastest growing segment | Predictive Analytics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Descriptive Analytics, Diagnostic Analytics, Predictive Analytics, Prescriptive Analytics |
| Key market players worldwide | McKesson Corp, UnitedHealth Group Inc, International Business Machines Corp, Oracle Corp, SAS, IQVIA Holdings Inc, Verisk Analytics Inc, ELSE Corp, Allscripts Healthcare, Cerner Corporation |
Other key industry trends
- In terms of revenue, Canada accounted for 7.9% of the global healthcare analytics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. healthcare analytics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 14,511.9 million by 2030.
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Healthcare Analytics Market Scope
Healthcare Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada healthcare analytics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare analytics market will help companies and investors design strategic landscapes.
Descriptive analytics was the largest segment with a revenue share of 46.26% in 2023. Horizon Databook has segmented the Canada healthcare analytics market based on descriptive analytics, diagnostic analytics, predictive analytics, prescriptive analytics covering the revenue growth of each sub-segment from 2018 to 2030.
A publicly funded healthcare system delivers health care in Canada. Canada’s healthcare sector is facing increased demand resulting from the growing chronic diseases and an aging population. These both factors are anticipated to boost demand on health systems and showcases increasing need for technological advancements and adoption.
Increased healthcare spending is expected to boost the development and adoption of analytics in the country’s healthcare market, thereby propelling the overall growth of the market. The country has its own established standards of telehealth.
This agency has aided in funding various digital health solutions such as electronic health record registries, imaging system, and infrastructure laboratory system. The Canada healthcare system focuses on strategic investments in projects that aid in implementation of national health.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada healthcare analytics market , including forecasts for subscribers. This country databook contains high-level insights into Canada healthcare analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada healthcare analytics market size, by type, 2018-2030 (US$M)
Canada Healthcare Analytics Market Outlook Share, 2023 & 2030 (US$M)
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