GITNUX MARKETDATA REPORT 2024

Healthcare Analytics Industry Statistics

The healthcare analytics industry is projected to grow steadily, driven by increasing demand for data-driven decision-making in healthcare management and personalized patient care.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore key statistics shaping the healthcare analytics industry, providing valuable insights into market trends, growth projections, and the significant impact of data analytics on various aspects of healthcare operations and patient care. From the substantial financial implications to the transformative benefits for healthcare providers and patients alike, these statistics shed light on the evolving landscape of healthcare analytics globally.

Statistic 1

"The global healthcare analytics market is projected to reach USD 75.1 billion by 2026, from an estimated USD 21.1 billion in 2020."

Statistic 2

"The predictive analytics segment in healthcare analytics is expected to register the highest growth rate of 17.7% from 2020 to 2026."

Statistic 3

"The U.S. remains the largest consumer of healthcare analytics solutions, with a market share of 49%."

Statistic 4

"Descriptive analytics accounted for the largest share of the healthcare analytics market in 2019."

Statistic 5

"The increasing venture capital investments resulted in a growth of 46% in the adoption of healthcare analytics in 2019."

Statistic 6

"Predictive analytics in the healthcare industry is expected to save the industry between USD 300 billion and USD 450 billion."

Statistic 7

"The Asia Pacific is expected to register the highest CAGR of 29.1% in the Healthcare Analytics Market during the forecast period."

Statistic 8

"Hospitals are the largest end-users of healthcare analytics and accounted for about 78.3% of the total market in 2020."

Statistic 9

"Clinical analytics is projected to account for the major share of 46% in the global healthcare analytics market."

Statistic 10

"Nonprofit organizations accounted for nearly 45.2% revenue share of the global healthcare analytics market in 2020."

Statistic 11

"Post-implementation, healthcare analytics can reportedly reduce patient wait times by nearly 50%."

Statistic 12

"By 2026, North America is predicted to have the largest share in the healthcare analytics market, with nearly 56.1% of overall market revenue."

Statistic 13

"More than 88% of healthcare providers reported that analytics was "extremely important" or "very important" to their organization's strategy for population health management."

Statistic 14

"Over 60% of healthcare companies aim to implement data analytics to reduce expenses."

Statistic 15

"The global healthcare analytics market size was valued at USD 11.36 billion in 2019."

Statistic 16

"More than 70% of healthcare financial leaders say that data analytics is "extremely important" for organizational efforts to advance financial performance."

In conclusion, the healthcare analytics industry is experiencing significant growth and evolution, driven by factors such as increasing venture capital investments, the importance of analytics in improving patient care and financial performance, and the expanding adoption of predictive analytics. The statistics presented highlight the substantial market size, potential cost savings, and diverse applications of healthcare analytics across different regions and sectors within the industry. With the continued emphasis on data-driven decision-making and the reported benefits of analytics in areas like reducing patient wait times and enhancing population health management strategies, it is clear that healthcare analytics will play a crucial role in shaping the future of healthcare delivery and outcomes worldwide.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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