Healthcare analytics market valued at $21.3M by 2020

Laura Pedulli | | Health Exec | Economics

The global healthcare analytics market is estimated to grow from $4.4 million in 2013 to $21.3 million by 2020, according to a report by global market research and consulting company Markets and Markets.

The firm’s 272-page report, "Healthcare Analytics/Medical Analytics Market by Application, Type, End-user, Delivery Mode--Trends & Global Forecasts to 2020", analyzed and studied the major market drivers, restraints and opportunities throughout the world and profiled various companies.

Based on end users, the market growth will be mainly driven by healthcare providers, health information exchanges (HIEs) and accountable care organizations during the forecast period. Based on geography, U.S. dominates the market due to federal healthcare mandates such as Meaningful Use, ICD-10 implementation and the Affordable Care Act.

“These initiatives help to boost the adoption of EHRs and HIE, thereby boosting the usage of analytics to leverage the generated data,” according to the report.

Learn more about the report here.

 

Laura Pedulli

Related Content

Cardiologist demand is on the rise—can hospitals keep up?
Cardinal Health scoops up two companies for $3.9B
UnitedHealth defends $3.3B Amedisys acquisition
DOJ sues to block UnitedHealth’s $3.3B acquisition of home health giant
Private equity firm to buy Summa Health for $485M
Private equity transactions in healthcare down 15% since 2023, report finds

Around the web

Cardiovascular Business
Payment cuts and beyond: Key takeaways for cardiologists from the 2025 Medicare Physician Fee Schedule

The American College of Cardiology has shared its perspective on new CMS payment policies, highlighting revenue concerns while providing key details for cardiologists and other cardiology professionals. 

AI in Healthcare
A modest proposal to rally AI regulators around a simple game plan

As debate simmers over how best to regulate AI, experts continue to offer guidance on where to start, how to proceed and what to emphasize. A new resource models its recommendations on what its authors call the “SETO Loop.”

Cardiovascular Business
FDA commissioner urges clinicians to join fight against medical misinformation

FDA Commissioner Robert Califf, MD, said the clinical community needs to combat health misinformation at a grassroots level. He warned that patients are immersed in a "sea of misinformation without a compass."

Design by Adaptive Theme
Trimed Popup
Trimed Popup