Healthcare Cloud-Based Analytics Market Size to Grow by USD 26.93 Bn, Healthcare Technology Market to be Parent Market - Technavio

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Oct 06, 2022, 19:00 ET

This report segments the healthcare cloud-based analytics market by component (software, services, and hardware) and geography (North America, Europe, APAC, the Middle East and Africa, and South America)

NEW YORK, Oct. 6, 2022 /PRNewswire/ -- The healthcare cloud-based analytics market has been categorized as a part of the global healthcare technology market, which is a part of the global healthcare market. Technavio calculates the global healthcare technology market size based on the combined revenue generated by manufacturers/providers of equipment, pharmaceuticals, supplies, healthcare technology players, biotechnology, and life sciences tools and services.

Technavio has announced its latest market research report titled Global Healthcare Cloud Based Analytics Market 2022-2026

The healthcare cloud-based analytics market size is expected to increase by USD 26.93 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 21.11% during the forecast period, according to Technavio.

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Healthcare Cloud-Based Analytics Market: Market Segmentation

By component, the software segment will be the largest contributor to market growth during the forecast period. Numerous home healthcare users promote the use of SaaS-based technologies in applications such as telemedicine. Some vendors provide cloud services for home-health agencies by combining clinical software with monitoring devices for in-home chronic patient care.

By geography, North America will present significant opportunities for market vendors. Countries such as the US, Canada, and Mexico are the major users of healthcare cloud-based analytics. This will drive the growth of the healthcare cloud-based analytics market in North America during the forecast period.

Healthcare Cloud-Based Analytics Market: Major Growth Drivers

The increasing cloud-assisted medical collaborations are driving the growth of the market. Organizations are conducting collaborative studies, which require the analysis of vast datasets. The installation of these systems requires high costs due to infrastructure and hardware equipment requirements. The deployment of cloud computing provides organizations with cost and infrastructure flexibility. Cloud computing also leads to better collaborative research. Therefore, the rising number of such collaborations will drive the market.

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Healthcare Cloud-Based Analytics Market: Key Vendor Offerings

Amazon.com Inc. - The company offers healthcare cloud-based analytic solutions, which make data-driven clinical and operational decisions, enable precision medicine, and decrease the cost of care.
Cisco Systems Inc. - The company offers healthcare cloud-based analytic solutions that securely connect remote staff to sensitive data, enable reliable telehealth visits, and ensure collaboration.
CitiusTech Inc. - The company offers healthcare cloud-based analytic solutions that are member experience solutions, which include digital front door, omnichannel engagement, and member data architecture.
Hewlett Packard Enterprise Co. - The company offers healthcare cloud-based analytic solutions that deliver cloud-like flexibility without up-front capital cost.
International Business Machines Corp. - The company offers healthcare cloud-based analytic solutions that unlock the power of data, create more efficient systems, and improve the customer experience with a wide variety of innovative services such as IBM Garage and IBM Watson Health.

Healthcare Cloud-Based Analytics Market: Reasons to Buy Our Report

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will help the healthcare cloud-based analytics market grow during the next five years
Estimation of the size of the healthcare cloud-based analytics market and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the healthcare cloud-based analytics market across North America, Europe, APAC, Middle East and Africa, and South America
Analysis of the competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the healthcare cloud-based analytics market vendors

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Healthcare Cloud-Based Analytics Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 21.11%
Market growth 2022-2026	USD 26.93 billion
Market structure	Fragmented
YoY growth (%)	18.21
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 38%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	314e Corp., Alphabet Inc., Amazon.com Inc., Amitech Solutions Inc., Cisco Systems Inc., CitiusTech Inc., Health Catalyst Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., IQVIA Holdings Inc., Koninklijke Philips NV, McKesson Corp., Medeanalytics Inc., Microsoft Corp, Oracle Corp., SAP SE, Snowflake Inc., UnitedHealth Group, UnitedHealth Group Inc., and Verisk Analytics Inc.
Market Dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Component

5.1 Market segments

Exhibit 24: Chart on Component - Market share 2021-2026 (%)
Exhibit 25: Data Table on Component - Market share 2021-2026 (%)

5.2 Comparison by Component

Exhibit 26: Chart on Comparison by Component
Exhibit 27: Data Table on Comparison by Component

5.3 Software - Market size and forecast 2021-2026

Exhibit 28: Chart on Software - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Software - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Software - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Software - Year-over-year growth 2021-2026 (%)

5.4 Services - Market size and forecast 2021-2026

Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)

5.5 Hardware - Market size and forecast 2021-2026

Exhibit 36: Chart on Hardware - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Hardware - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Hardware - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Hardware - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Component

Exhibit 40: Market opportunity by Component ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 42: Chart on Market share by geography 2021-2026 (%)
Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 44: Chart on Geographic comparison
Exhibit 45: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026

Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026

Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026

Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 UK - Market size and forecast 2021-2026

Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.10 China - Market size and forecast 2021-2026

Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

7.11 Germany - Market size and forecast 2021-2026

Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.12 Japan - Market size and forecast 2021-2026

Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 89: Overview on factors of disruption

9.4 Industry risks

Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 91: Vendors covered

10.2 Market positioning of vendors

Exhibit 92: Matrix on vendor position and classification

10.3 Amazon.com Inc.

Exhibit 93: Amazon.com Inc. - Overview
Exhibit 94: Amazon.com Inc. - Business segments
Exhibit 95: Amazon.com Inc. - Key news
Exhibit 96: Amazon.com Inc. - Key offerings
Exhibit 97: Amazon.com Inc. - Segment focus

10.4 Cisco Systems Inc.

Exhibit 98: Cisco Systems Inc. - Overview
Exhibit 99: Cisco Systems Inc. - Business segments
Exhibit 100: Cisco Systems Inc. - Key news
Exhibit 101: Cisco Systems Inc. - Key offerings
Exhibit 102: Cisco Systems Inc. - Segment focus

10.5 CitiusTech Inc.

Exhibit 103: CitiusTech Inc. - Overview
Exhibit 104: CitiusTech Inc. - Product / Service
Exhibit 105: CitiusTech Inc. - Key offerings

10.6 Hewlett Packard Enterprise Co.

Exhibit 106: Hewlett Packard Enterprise Co. - Overview
Exhibit 107: Hewlett Packard Enterprise Co. - Business segments
Exhibit 108: Hewlett Packard Enterprise Co. - Key news
Exhibit 109: Hewlett Packard Enterprise Co. - Key offerings
Exhibit 110: Hewlett Packard Enterprise Co. - Segment focus

10.7 International Business Machines Corp.

Exhibit 111: International Business Machines Corp. - Overview
Exhibit 112: International Business Machines Corp. - Business segments
Exhibit 113: International Business Machines Corp. - Key offerings
Exhibit 114: International Business Machines Corp. - Segment focus

10.8 McKesson Corp.

Exhibit 115: McKesson Corp. - Overview
Exhibit 116: McKesson Corp. - Business segments
Exhibit 117: McKesson Corp. - Key offerings
Exhibit 118: McKesson Corp. - Segment focus

10.9 Microsoft Corp

Exhibit 119: Microsoft Corp - Overview
Exhibit 120: Microsoft Corp - Business segments
Exhibit 121: Microsoft Corp - Key news
Exhibit 122: Microsoft Corp - Key offerings
Exhibit 123: Microsoft Corp - Segment focus

10.10 Oracle Corp.

Exhibit 124: Oracle Corp. - Overview
Exhibit 125: Oracle Corp. - Business segments
Exhibit 126: Oracle Corp. - Key news
Exhibit 127: Oracle Corp. - Key offerings
Exhibit 128: Oracle Corp. - Segment focus

10.11 UnitedHealth Group

Exhibit 129: UnitedHealth Group - Overview
Exhibit 130: UnitedHealth Group - Business segments
Exhibit 131: UnitedHealth Group - Key offerings
Exhibit 132: UnitedHealth Group - Segment focus

10.12 Verisk Analytics Inc.

Exhibit 133: Verisk Analytics Inc. - Overview
Exhibit 134: Verisk Analytics Inc. - Business segments
Exhibit 135: Verisk Analytics Inc. - Key offerings
Exhibit 136: Verisk Analytics Inc. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 137: Inclusions checklist
Exhibit 138: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 139: Currency conversion rates for US$

11.4 Research methodology

Exhibit 140: Research methodology
Exhibit 141: Validation techniques employed for market sizing
Exhibit 142: Information sources

11.5 List of abbreviations

Exhibit 143: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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