India Healthcare Analytics Market Size & Outlook
India healthcare analytics market, 2018-2030 (US$M)
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India healthcare analytics market highlights
- The India healthcare analytics market generated a revenue of USD 1,883.5 million in 2023 and is expected to reach USD 9,106.1 million by 2030.
- The India market is expected to grow at a CAGR of 25.2% 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 1,883.5 million |
| Market revenue in 2030 | USD 9,106.1 million |
| Growth rate | 25.2% (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, India accounted for 4.4% 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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India 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 45.78% in 2023. Horizon Databook has segmented the India 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.
India is the fastest growing country among the Asia Pacific region owing to the latest technological innovations in the sector and higher health spending in the country. The government of country has rebounded its strong commitment to revolutionizing the functionalities of analytics and cloud computing sector with a major focus on infrastructure development.
India is rapidly adopting analytics in its healthcare sector. Tech giants have started focusing on implementing analytics and AI/ML in healthcare in the country. These solutions can help overcome access barriers by solving the problem through efficient and successful clinical trials, early detection, diagnostics, decision-making, and treatment; supporting the scarce personnel & lab facilities; and catering to the country’s large population.
For instance, In October 2020, Intel announced its partnership with IIIT-Hyderabad, Telangana government, and Public Health Foundation of India (PHFI) to set up a new Applied AI Research Centre, leveraging AI for medical diagnostics & solving significant challenges faced in key sectors, such as healthcare & smart mobility.
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Our clientele includes a mix of healthcare analytics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India healthcare analytics market , including forecasts for subscribers. This country databook contains high-level insights into India healthcare analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India healthcare analytics market size, by type, 2018-2030 (US$M)
India Healthcare Analytics Market Outlook Share, 2023 & 2030 (US$M)
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