Healthcare Analytics market is projected to grow at a CAGR of 24.2% during the forecasting period 2021-2027. market is being driven by factors such as the rise of big data in the healthcare sector, increased emphasis on collecting and analysing data from various sources for improved customer service, technological advances, and the advent of social media and its effect on the healthcare industry.
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During the forecast era, the market in North America is expected to rise the most. Growing federal healthcare mandates to contain rising healthcare costs; increasing regulatory requirements; growing EHR adoption; and rising government policies focused on personalised medicine, population health management, and value-based reimbursements are all contributing to the North American market's rapid growth.
Key market players include IBM Corporation, Allscripts Healthcare Solutions, Wipro, Cerner, Cotiviti (Verscend Technologies), Citiustech, Health Catalyst, IBM, Inovalon, Mckesson, Medeanalytics, Optum, Oracle, SAS Institute Inc, SCIO Health Analytics (An EXL Company),Vitreoshealth.
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