Global healthcare analytics market Forecast, Trends, - 2030

The global healthcare analytics market size is projected to reach $96.90 billion by 2030, growing at a CAGR of 15.3% - Valuates Reports
 
BANGALORE, India - May 10, 2022 - PRLog -- The global healthcare analytics market size was valued at $23.51 billion in 2020 and is projected to reach $96.90 billion by 2030, growing at a CAGR of 15.3% from 2021 to 2030. The expansion of the healthcare analytics market is fueled by a rise in the adoption of big data in healthcare organizations and a surge in government initiatives to increase the adoption of electronic health records (EHRs) among healthcare companies. Furthermore, the demand on healthcare organizations to reduce unnecessary costs has a beneficial impact on the growth of the global healthcare analytics market size.
The healthcare analytics market is expected to rise due to an increase in the use of big data in healthcare organizations to combat risks associated with various chronic diseases. In addition, the healthcare analytics market is being propelled forward by the increasing usage of telemedicine solutions among various organizations in order to reduce operational costs and improve service quality. Furthermore, big data aids in the storage of crucial patient information that may be used to improve an organization's healthcare outcomes. It lowers labor costs and boosts organizational productivity, all of which contribute to the market's growth.

Growing government initiatives to increase the adoption of electronic health records (EHRs) among healthcare organizations are expected to drive the healthcare analytics market. EHRs are used across various companies for improving documentation accuracy and tracking and implementing preventive actions in healthcare organizations. Governments in a number of developing countries are requiring EHRs for healthcare companies in order to improve the quality of patient care, which is propelling the healthcare analytics market forward.

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