Global Healthcare Predictive Analytics Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
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The healthcare predictive analytics market size has experienced exponential growth recently, rising from <$16.63 billion in 2023 to <$20.68 billion in 2024, reflecting a compound annual growth rate (CAGR) of 24.3%. This historic increase is attributed to heightened healthcare expenditure, the impact of the COVID-19 pandemic, and the growing integration of artificial intelligence (AI) in healthcare. Looking ahead, the market is expected to continue its rapid expansion, reaching <$52.61 billion in 2028 with a CAGR of 26.3%. The projected growth in the forecast period is driven by increased adoption among healthcare facilities, supportive government initiatives, a greater focus on personalized medicine, and a rise in chronic disease prevalence. Key trends anticipated include the launch of AI-based predictive analytics platforms, gaining governmental approvals in various countries, introducing innovative products, and forming strategic partnerships and collaborations.
The healthcare predictive analytics market is poised for growth due to the increasing prevalence of chronic diseases. Chronic diseases, which are persistent medical conditions often lasting a lifetime, significantly contribute to global mortality rates. In September 2023, the World Health Organization reported that 74% of the 41 million annual deaths worldwide were due to non-communicable diseases (NCDs) or chronic diseases. Specifically, cardiovascular diseases accounted for 17.9 million deaths, cancer for 9.3 million, chronic respiratory diseases for 4.1 million, and diabetes for 2.0 million. Predictive analytics is crucial in addressing these challenges by enabling healthcare providers to adopt proactive and personalized approaches to patient care, improving outcomes and resource efficiency. The market size for 2023 reflects the rising demand for healthcare predictive analytics, with projections for 2024 and 2028 indicating continued growth in response to the increasing prevalence of chronic diseases.
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What Are The Key Trends That Influence Healthcare Predictive Analytics Market Share Analysis?
The healthcare predictive analytics market is seeing growing interest in product innovations. Companies are launching new tools to enhance their product portfolios and expand their consumer base. For instance, in September 2021, Trilliant Health introduced a new predictive analytics tool that provides a 10-year view of the healthcare market using diverse claims, demographic, and psychographic data. This tool, which aggregates over 300 algorithms, offers dynamic insights into future healthcare service demand, helping health systems plan scenarios and make better investment decisions.
Which Market Players Are Driving Growth In The Healthcare Predictive Analytics Market?
Major companies operating in the market are Hochtief AG, Skanska AB, Balfour Beatty plc, DPR Construction, Royal BAM Group,AECOM Technology, Kier Group plc, McCarthy Holdings Inc, Vaughn Construction, JE Dunn Construction, Hiranandani Constructions, Taisei Corporation, Mitsui Fudosan Co. Ltd., Sungdo Engineering & Construction Co. Ltd., Hansen Yuncken, Shimao Group Holdings Limited, China National Building Material Group (CNBM) Co. Ltd., Greenland Holdings Corp. Ltd., Morgan Sindall Group plc, HPP Architects, Henning Larsen, Marco Casamonti and Partners, PORR, Bouygues Construction, Eiffage, Turner Construction, Brasfield & Gorrie, The Boldt Company, Bechtel, Techint Engineering & Construction, Acciona, Cencosud Construction, Arabtec Construction LLC, Cofely Besix Mannai Facility Management, Saudi Binladin Group (SBG), Olayan Group, Aveng Group, Orascom Construction, Hassan Allam Holding, Arbico Plc
How Is The Global Healthcare Predictive Analytics Market Segmented?
The healthcare predictive analytics market covered in this report is segmented –
1) By Component: Services, Software, Hardware
2) By Delivery Model: Stand Alone, Integrated
3) By Application: Operations Management, Financial, Population Health Management, Clinical
4) By End Use: Healthcare Payers , Healthcare Providers
Read The Full Healthcare Predictive Analytics Market Report Here
The Healthcare Predictive Analytics Global Market Report 2024 provides an overview of the healthcare predictive analyticsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The healthcare predictive analytics market forecast analyzes healthcare predictive analytics market size, healthcare predictive analytics market share, leading competitor and their market positions.
The Table Of Content For The Healthcare Predictive Analytics Market Include
1. Healthcare Predictive Analytics Market Executive Summary
2. Healthcare Predictive Analytics Market Segments
3. Healthcare Predictive Analytics Market Size And Template Market Growth Rate
4. Key Healthcare Predictive Analytics Market Trends
5. Major Healthcare Predictive Analytics Market Drivers
……
25. Key Mergers And Acquisitions In The Healthcare Predictive Analytics Market
26. Top Healthcare Predictive Analytics Companies
27. Healthcare Predictive Analytics Market Opportunities And Strategies
28. Healthcare Predictive Analytics Market, Conclusions And Recommendations
29. Appendix
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