Healthcare Predictive Analytics Market Size

SkyQuest Technology's Healthcare predictive analytics market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Healthcare Predictive Analytics Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Healthcare Predictive Analytics Market Insights

Healthcare Predictive Analytics Market size was valued at USD 11.58 Billion in 2023 and is poised to grow from USD 14.42 Billion in 2024 to USD 103.6 Billion by 2032, growing at a CAGR of 24.5% during the forecast period (2025-2032).

To identify early symptoms of weakening patients in the ICU and general ward, recognize at-risk patients at home to avoid hospital readmissions and inhibit avoidable medical equipment downtime predictive analytics in healthcare is helpful. The rise in demand for advanced analytics systems in the industry to improve patient outcomes as well as for reducing costs has been a major driver for the market. According to the Centre’s for Disease Control and Prevention (CDC), people with chronic and mental health conditions account for 90% of the United States' USD 3.8 trillion in yearly healthcare expenditure. Owing to this, the cost savings from lowering chronic disorder treatment are substantial.

The endorsement of predictive analytics solutions can be boon in significantly reducing the cost of healthcare procedures. The predictive analysis combined with personalized medicine can not only result in a reduction of unnecessary medical costs but also give better patient outcomes and results. Healthcare predictive analytics uses EHRs to provide the best course of action in case of any medical procedure or medication. This not only reduces the costs for patients but also results in better outcomes. The use of advanced technological health systems along with analytics tools and AI are ready to propel the growth of the market. Healthcare costs have risen over the years owing to the increasing burden of chronic diseases on a global level.

US Healthcare Predictive Analytics Market  is poised to grow at a sustainable CAGR for the next forecast year.

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Healthcare Predictive Analytics Market size was valued at USD 11.58 Billion in 2023 and is poised to grow from USD 14.42 Billion in 2024 to USD 103.6 Billion by 2032, growing at a CAGR of 24.5% during the forecast period (2025-2032).

The players in the global healthcare predictive analytics market are constantly inventing and developing improved analytical solutions, as well as extending their product offerings. To help healthcare organizations implement data analysis solutions, combat the pandemic, and preserve competitive advantage in the healthcare analytics market, the companies are focused on their alliances, technology collaborations, and product launch strategies. 'IBM Corporation ', 'Cerner Corporation ', 'McKesson Corporation ', 'SAS Institute Inc. ', 'Oracle Corporation ', 'Health Catalyst ', 'Optum, Inc. ', 'Allscripts Healthcare Solutions, Inc. ', 'Epic Systems Corporation ', 'Verisk Analytics, Inc. ', 'Inovalon ', 'Cognizant Technology Solutions ', 'MedeAnalytics, Inc. ', 'SCIO Health Analytics ', 'Truven Health Analytics ', 'HMS Holdings Corp. ', 'CitiusTech Inc. ', 'Change Healthcare ', 'Koninklijke Philips N.V. ', 'GE Healthcare'

Predictive analytics in the healthcare enables experts to find opportunities to improve care delivery. As, healthcare data analytics integrates real time and historical data to forecast trends, increase medical care, expose actionable insights, and fuel long term growth. Furthermore, healthcare analytics systems make use of massive volumes of data to present enterprises with useful information, clinical outcomes, operations, and patient engagement.

​Emergence and rise of technologies such as the IOT and big data that are increasingly being coupled with healthcare systems could also fuel the growth in the healthcare predictive analytics market in forecasting period. The healthcare predictive analytics tool has proven effective in decreasing the number of unnecessary tests, which has helped reduce healthcare costs.

North America dominated the global market in 2021. This region accounted for the maximum share of more than 48.5% of the global market revenue in the same year. Factors like developed structure of the healthcare system and the trained staff for performing predictive analysis, paying capacity in terms of training staff to use these analytics tools has been growth of the market.

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Healthcare Predictive Analytics Market
Healthcare Predictive Analytics Market

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