North America Healthcare Analytics Market Size & Outlook
North America healthcare analytics market, 2018-2030 (US$M)
Related Markets
North America healthcare analytics market highlights
- The North America healthcare analytics market generated a revenue of USD 20,942.1 million in 2023.
- The market is expected to grow at a CAGR of 19.9% from 2024 to 2030.
- In terms of segment, descriptive analytics was the largest revenue generating type in 2023.
- Prescriptive Analytics is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 20,942.1 million |
| Market revenue in 2030 | USD 74,524.3 million |
| Growth rate | 19.9% (CAGR from 2023 to 2030) |
| Largest segment | Descriptive analytics |
| Fastest growing segment | Prescriptive 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 |
Other key industry trends
- In terms of revenue, North America region accounted for 48.6% of the global healthcare analytics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 39,736.6 million by 2030.
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Healthcare Analytics Market Scope
Healthcare Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 45.67% in 2023. Horizon Databook has segmented the North America 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.
North America dominated the healthcare analytics market and some of the major factors contributing to this growth include presence of sophisticated healthcare infrastructure, supportive government policies for deployment of telehealth, well-established IT infrastructure, and high digital literacy.
In addition, pressure to curb the rising healthcare expenditure in this region has resulted in increased adoption of healthcare analytics. The penetration and adoption of AI & machine learning in healthcare analytics solutions is estimated to create growth opportunities in the market.
The ongoing COVID-19 pandemic, coupled with growing government initiatives and increasing mergers & acquisitions, portfolio expansion, and collaborations to promote implementation of analytics in healthcare market, is further accelerating its development, thereby contributing to market growth.
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Target buyers of North America healthcare analytics market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America healthcare analytics market , including forecasts for subscribers. This continent databook contains high-level insights into North America healthcare analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America healthcare analytics market size, by country, 2018-2030 (US$M)
North America Healthcare Analytics Market Outlook Share, 2023 & 2030 (US$M)
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