Healthcare Cloud Based Analytics Market Size | Report 2031

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Healthcare Cloud Based Analytics Market Size | Report 2031

Healthcare Cloud Based Analytics Market Size | Report 2031

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Segments - Healthcare Cloud-based Analytics Market by Technology (Predictive Analytics, Prescriptive Analytics, and Descriptive Analytics), Applications (Clinical Data Analytics, Administrative Data Analytics, Research Data Analytics, and Others), Components (Hardware, Software, and Services), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031

Author : Raksha Sharma

Fact-checked by : V. Chandola

Editor : Vishal Golekar

Report Description

Healthcare Cloud-based Analytics Market Outlook 2031
Healthcare Cloud-based Analytics Market Trends Drivers Restraints and Opportunities
Market Scope
Market Segment Insights

Segments
Table Of Content
Methodology
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Report Description

Healthcare Cloud-based Analytics Market Outlook 2031:

The global healthcare cloud-based analytics market size was valued at USD 39.4 Billion in 2022 and is expected to reach USD 168.50 Billion by 2031 projected to expand at a CAGR of 17.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to rising growth in venture capital investment and increasing use of big data tools in the healthcare sector.

Healthcare cloud-based analytics is the process of collecting and analyzing current and historical data for improve community and manage the spread of diseases effectively. It is used for improvement in patient care, accurate diagnosis, and informed decision-making with the patients. The COVID-19 pandemic positively influenced the market growth owing to rising use of monitoring systems to enhance the patient care across the globe.

Healthcare Cloud-based Analytics Market Trends, Drivers, Restraints, and Opportunities

Growing demand for population health management solutions is anticipated to drive the cloud-based analytics market growth during the forecast period.
Rising government initiatives to adopt electronic health record (EHR) is projected to boost thecloud-based analytics market growth in the coming years.
Growing digitalization is expected to spur the market growth in the projected timeline.
High maintenance cost of analytics solution is estimated to restrict the cloud-based analytics market growth.
Increasing focus on value-based patient care is anticipated to create significant opportunities for the market players.

Healthcare Cloud Based Analytics Market Scope

The report on the global healthcare cloud-based analytics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Healthcare Cloud-based Analytics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Technology (Predictive Analytics, Prescriptive Analytics, and Descriptive Analytics), Applications (Clinical Data Analytics, Administrative Data Analytics, Research Data Analytics, and Others), Components (Hardware, Software, and Services)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Amazon Web Services Inc.; IBM Corporation; Dell Inc.; Koninklijke Philips NV; and Oracle Corporation

Healthcare Cloud Based Analytics Market Segment Insights

Predictive analysis analytics segment to hold a significant market share

Based on technology, the cloud-based analytics market share is divided into predictive analytics, prescriptive analytics, and descriptive analytics. The predictive analytics segment is estimated to expand at a rapid pace during the forecast period owing to growing focus on improving care quality while reducing the costs.

On the other hand, the prescriptive analysis is estimated to grow at considerable rate in the coming years.

Healthcare Cloud-based Analytics Market Technology

Administrative data analytics segment is anticipated to hold a large market share

On the basis of applications, the healthcare cloud-based analytics market share is segmented into clinical data analytics, administrative data analytics, research data analytics, and others. The clinical data analytics segment is projected to constitute a major market share during the forecast period due to rising number of solutions to detect diseases at early stage.

However, the administrative data analytics is expected to grow at a robust rate owing to increasing number of hospitals using healthcare analytics to reduce overall healthcare costs.

Services segment is projected to grow at a rapid pace

In terms of components, the cloud-based analytics market is segregated into hardware, software, and services. The hardware segment is expected to hold a key share of the market during the forecast period due to reduced patient wait time and better healthcare experience.

On the other hand, the service segment is anticipated to expand at a robust rate during the forecast period owing to growing number of healthcare service providers outsourcing analytics solutions.

Healthcare Cloud-based Analytics Market Components

North America is estimated to account a major market share

On the basis of regions, the healthcare cloud-based analytics market is classified as Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. North America is expected to constitute a significant share of the market during the projected period.

The early adoption of healthcare cloud-based analytics in countries such as the US and Canada are major driver of the market growth in the region.

However, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period. The growth of the market in region is attributed to increasing demand for healthcare cloud-based analytics in countries such as India and China.

Healthcare Cloud-based Analytics Market Region

Segments

The global healthcare cloud-based analytics market has been segmented on the basis

Technology Types

Predictive Analytics
Prescriptive Analytics
Descriptive Analytics

Applications

Clinical Data Analytics
Administrative Data Analytics
Research Data Analytics

Components

Hardware
Software
Services

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Amazon Web Services Inc.
IBM Corporation
Dell Inc.
Koninklijke Philips NV
Oracle Corporation

Competitive Landscape

Key players competing in the healthcare cloud based analytics market includes Amazon Web Services Inc.; IBM Corporation; Dell Inc.; Koninklijke Philips NV; and Oracle Corporation.

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

In Dec. 2019, Enlitic Inc. and MLP Care companies joined forces bring clinical AI solutions to the neighboring countries of East Europe and Central Asia.

Healthcare Cloud-based Analytics Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Healthcare Cloud Based Analytics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Healthcare Cloud Based Analytics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Healthcare Cloud Based Analytics Market - Supply Chain
  4.5. Global Healthcare Cloud Based Analytics Market Forecast
     4.5.1. Healthcare Cloud Based Analytics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Healthcare Cloud Based Analytics Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Healthcare Cloud Based Analytics Market Absolute $ Opportunity
5. Global Healthcare Cloud Based Analytics Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Healthcare Cloud Based Analytics Market Size and Volume Forecast by Applications
     5.3.1. Clinical Data Analytics
     5.3.2. Administrative Data Analytics
     5.3.3. Research Data Analytics
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Healthcare Cloud Based Analytics Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Healthcare Cloud Based Analytics Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Healthcare Cloud Based Analytics Demand Share Forecast, 2019-2026
7. North America Healthcare Cloud Based Analytics Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Healthcare Cloud Based Analytics Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Healthcare Cloud Based Analytics Market Size and Volume Forecast by Applications
     7.4.1. Clinical Data Analytics
     7.4.2. Administrative Data Analytics
     7.4.3. Research Data Analytics
     7.4.4. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Healthcare Cloud Based Analytics Demand Share Forecast, 2019-2026
8. Latin America Healthcare Cloud Based Analytics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Healthcare Cloud Based Analytics Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Healthcare Cloud Based Analytics Market Size and Volume Forecast by Applications
     8.4.1. Clinical Data Analytics
     8.4.2. Administrative Data Analytics
     8.4.3. Research Data Analytics
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Healthcare Cloud Based Analytics Demand Share Forecast, 2019-2026
9. Europe Healthcare Cloud Based Analytics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Healthcare Cloud Based Analytics Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Healthcare Cloud Based Analytics Market Size and Volume Forecast by Applications
     9.4.1. Clinical Data Analytics
     9.4.2. Administrative Data Analytics
     9.4.3. Research Data Analytics
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Healthcare Cloud Based Analytics Demand Share Forecast, 2019-2026
10. Asia Pacific Healthcare Cloud Based Analytics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Healthcare Cloud Based Analytics Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Healthcare Cloud Based Analytics Market Size and Volume Forecast by Applications
     10.4.1. Clinical Data Analytics
     10.4.2. Administrative Data Analytics
     10.4.3. Research Data Analytics
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Healthcare Cloud Based Analytics Demand Share Forecast, 2019-2026
11. Middle East & Africa Healthcare Cloud Based Analytics Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Healthcare Cloud Based Analytics Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Healthcare Cloud Based Analytics Market Size and Volume Forecast by Applications
     11.4.1. Clinical Data Analytics
     11.4.2. Administrative Data Analytics
     11.4.3. Research Data Analytics
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Healthcare Cloud Based Analytics Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Healthcare Cloud Based Analytics Market: Market Share Analysis
  12.2. Healthcare Cloud Based Analytics Distributors and Customers
  12.3. Healthcare Cloud Based Analytics Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Amazon Web Services Inc.
     12.4.2. IBM Corporation
     12.4.3. Dell Inc.
     12.4.4. Koninklijke Philips NV
     12.4.5. Oracle Corporation