HEALTHCARE PREDICTIVE ANALYTICS MARKET ANALYSIS

Healthcare Predictive Analytics MarketSize and Trends

The global healthcare predictive analytics market was valued at US$ 2,730.2  Mn in 2021 and is forecast to reach a value of US$  5,235.6  Mn by 2028 at a CAGR of 9.8% between 2022 and 2028. The global healthcare predictive analytics market is experiencing strong growth due to the rising burden of chronic diseases, emergence of personalized and evidence-based medicine, increasing need of increasing efficiency in healthcare sector, and increasing demand to curtail healthcare costs by reducing unnecessary costs. However, lack of robust infrastructure and lack of properly trained it professionals in healthcare are major factors expected to hamper growth of the healthcare predictive analytics market.

Global Healthcare Predictive Analytics Market Trends:

Healthcare providers use predictive analytics solutions to understand disease management, risk management, disease prevalence and trajectories, and provide appropriate medical care to the patient for optimal outcomes. It is being used by the healthcare providers to estimate the risk percentage to an individual’s health, as well as predict the future outcomes in advance. Its usage at various levels to prevent unnecessary expenditure has increased adoption of this technology, and the trend is expected to continue during the forecast period. This in turn is expected to aid in the growth of the global healthcare predictive analytics market.