Lucintel's latest market report analyzed that healthcare analytics provides attractive opportunities in the clinical, financial, operational & administrative, and population health analytics applications. The healthcare analytics market is expected to reach $XX billion by 2028 with a CAGR of 25% to 27%. In this market, services is the largest segment by component, whereas financial is largest by application.

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Based on component, the healthcare analytics market is segmented into services, hardware, and software. The services segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing demand for services to update and maintain software in the healthcare sector.

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The Healthcare Analytics Market is marked by the presence of several big and small players. Some of the prominent players offering healthcare analytics include IBM, SAS Institute, Optum, Cerner, Allscripts Healthcare, Cotiviti.

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