China Healthcare Analytics Market Size & Outlook
China healthcare analytics market, 2018-2030 (US$M)
Related Markets
China healthcare analytics market highlights
- The China healthcare analytics market generated a revenue of USD 2,066.3 million in 2023 and is expected to reach USD 9,815.6 million by 2030.
- The China market is expected to grow at a CAGR of 24.9% 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 2,066.3 million |
| Market revenue in 2030 | USD 9,815.6 million |
| Growth rate | 24.9% (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, China accounted for 4.8% 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 Asia Pacific, China healthcare analytics market is projected to lead the regional market in terms of revenue in 2030.
- Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 414.8 million by 2030.
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Healthcare Analytics Market Scope
Healthcare Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 46.84% in 2023. Horizon Databook has segmented the China 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.
The Chinese healthcare analytics market is expected to grow owing to high unmet healthcare needs of huge population, the market is expected to witness lucrative growth over the forecast period. With the acceleration of population aging along with the higher incidence of various chronic diseases in the country demand for more healthcare spending.
China generates a huge amount of medical data; therefore, analytics is required for improving medical management. The Chinese government laid some action plans for deployment of telehealth related services. For instance, the Health Information Standards Professional Committee (HISPC) of Ministry of Health laid some guidelines regarding standards for adoption of IT in healthcare.
The Chinese government is working to improve healthcare accessibility in rural areas of the country through Regional Healthcare Information Networks (RHINs). These initiatives are expected to enhance the penetration of healthcare analytics services in China, thereby boosting the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the China healthcare analytics market , including forecasts for subscribers. This country databook contains high-level insights into China healthcare analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China healthcare analytics market size, by type, 2018-2030 (US$M)
China Healthcare Analytics Market Outlook Share, 2023 & 2030 (US$M)
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