Market revenue in 2023 | USD 9,870.4 million |
Market revenue in 2030 | USD 40,347.6 million |
Growth rate | 22.3% (CAGR from 2023 to 2030) |
Largest segment | Descriptive analytics |
Fastest growing segment | Predictive Analytics |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 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 |
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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 47.67% in 2023. Horizon Databook has segmented the Europe 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 healthcare industry in Europe is under pressure, owing to various key factors such as rising costs, increasing prevalence of chronic conditions, rapidly aging population, growing demand for treatments, and stagnating or shrinking healthcare workforce that is threatening its sustainability.
The industry also faces issues due to structural inefficiencies in certain European countries. The move to value-based healthcare is expected to strengthen the demand for better patient outcomes at a more sustainable cost.
Incorporating analytics into innovative medical technologies can address pressing healthcare issues. According to the information reported by the Centre for Promotion of Imports (CPI), currently many European countries are facing a huge financial burden due to the increasing healthcare expenditure.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe healthcare analytics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe healthcare analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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