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 2021 – 2028
The global healthcare cloud-based analytics market size is projected to expand at a significant CAGR during the forecast period, 2021-2028. 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.
Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for population health management solutions is anticipated to drive the market growth during the forecast period.
- Rising government initiatives to adopt electronic health record (EHR) is projected to boost the 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 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 |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
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 market 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.
Administrative data analytics segment is anticipated to hold a large market share
On the basis of applications, the healthcare cloud-based analytics market 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 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.
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.
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.
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 (000’ 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
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 (000’ 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
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
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.
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