- In August 2022, Syntellis Performance Solutions completed the acquisition of Stratasan Healthcare Solutions, a company specializing in healthcare market intelligence and data analytics. This acquisition enables Syntellis to enhance its offerings for healthcare organizations by providing advanced data and intelligence solutions aimed at improving operational efficiency, financial performance, and strategic growth planning. Through this integration, Syntellis aims to empower healthcare providers with the insights needed to navigate an increasingly complex industry landscape
- In July 2021, IBM announced its acquisition of Bluetab Solutions Group, S.L. to enhance its offerings in data services and hybrid cloud computing. This strategic move aims to strengthen IBM's presence in Europe and Latin America, allowing the company to leverage Bluetab’s expertise in data analytics and cloud solutions. By integrating Bluetab’s capabilities, IBM intends to provide more comprehensive services to its clients in these growing markets
- In April 2021, Cerner Corporation revealed its acquisition of Kantar Health, a strategic decision aimed at merging data analytics and research proficiency. This collaboration seeks to innovate and commercialize cutting-edge life science solutions that can improve patient outcomes and healthcare delivery. By combining their strengths, Cerner and Kantar Health aim to create a powerful platform for advancing healthcare insights and data utilization
- In April 2021, Microsoft Corp announced its merger agreement with Nuance Communications Inc. focusing on integrating both companies' technologies to enhance healthcare solutions. The goal of this acquisition is to harness cloud and artificial intelligence capabilities, ultimately improving efficiency and patient care across the healthcare sector. By combining their resources, Microsoft and Nuance aim to drive innovation and digital transformation in healthcare environments
- In January 2021, Optum and Change Healthcare announced a strategic partnership to enhance their technology-enabled healthcare platform. This collaboration aims to combine their software and data analytics capabilities, delivering advanced technological solutions to healthcare consumers. By working together, Optum and Change Healthcare intend to improve operational efficiencies and provide better insights into healthcare data for stakeholders
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Prescriptive Analytics, Predictive Analytics, and Descriptive Analytics), Component (Services, Software, and Hardware), Delivery Model (On-Demand and On-Premise), Application (Clinical Analytics, Population Health Analytics, Operational and Administrative Analytics, and Financial Analytics), End User (Healthcare Payers, Healthcare Providers and ACOS, HIES, MCOS, and TPAS) – Industry Trends and Forecast to 2031
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The Global Healthcare Analytics Market size was valued at USD 28.43 USD Billion in 2023.
The Global Healthcare Analytics Market is projected to grow at a CAGR of 24.58% during the forecast period of 2024 to 2031.
The major players operating in the market include IBM, Wipro Limited, Allscripts Healthcare, Cerner Corporation, Health Catalyst, Inovalon, McKesson Corporation, MEDEANALYTICS, Optum, Oracle, SAS Institute , ExlService Holdings, CitiusTech , IQVIA, GENERAL ELECTRIC.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
