Europe Healthcare Analytics Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Europe Healthcare Analytics Market Size- By Type, By Component, By Delivery Model, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: HLCA2439 | Pages: 1 - 157 | Formats*: |
| Category : Healthcare | |||
Europe Healthcare Analytics Market Introduction and Overview
According to SPER Market Research, the Europe Healthcare Analytics Market is estimated to reach USD 84.3 billion by 2033 with a CAGR of 16.56%.
The report includes an in-depth analysis of the Europe Healthcare Analytics Market, including market size and trends, product mix, distribution channels, and supplier analysis. Healthcare analytics, also known as clinical data analytics, is a type of analytics that helps provide real-time data that can be used to determine the patient's future treatment plan. It is a field of analysis that provides insights into hospital management, patient records, diagnostics, and other areas at the micro as well as the macro level.
The European Commission (EHDS) unveiled the European Health Data Space in May 2022. The EU should greatly improve the quality of healthcare services provided to citizens across Europe with the help of the EHDS. The ability to handle and utilize health information in one's own country or in another Member State should be granted to individuals. It need to support the creation of a single market for products and services linked to digital health.
November 2022: A long-term partnership has been established between IQVIA, a prominent global provider of clinical research services, technical solutions, and advanced analytics to the life sciences industry, and Clalit, the largest health services provider in Israel.
Market Opportunities and Challenges
Opportunities: One of the main factors driving the market is the growing usage of advanced analytics to give data-driven insights more quickly due to the growing quantity of data records in the healthcare sector. Lower health care expenditures and the likelihood that emergency services may be required are what fuel the market. Digitized medical information make it easier to identify patient trends and histories. In addition, an increasing number of healthcare facilities and businesses are looking to integrate clinical analytics into their daily operations in order to provide preventive care by efficiently tracking patient data and giving individualized attention in order to raise the efficacy and efficiency of their offerings.
Challenges: Limited Healthcare Data Standardization and Interoperability Lack of standardization and interoperability in data formats makes it difficult to collect and combine data from many sources, which compromises the precision and comprehensiveness of analytics insights. Lack of Qualified Personnel with Experience in Healthcare Analytics There is a skills gap since there is a greater need for healthcare analytics-savvy individuals than there is expertise available. Employers have difficulty finding and keeping competent workers to analyze and understand data. A Market That Is Highly Competitive and Has Many Vendors There are many manufacturers offering a broad range of analytics solutions in the fiercely competitive healthcare analytics market. Competition that is too fierce can put pressure on prices and make it difficult to differentiate goods and services.
Market Competitive Landscape
Prominent companies such as IBM Corporation, Oracle Corporation, McKesson Europe AG, Cerner Corporation, and Optum, Inc. control a large portion of the European healthcare analytics market. Due to their significant market share, these main players are concentrating on growing their clientele abroad. These businesses use targeted cooperation projects to grow their profitability and market share. But as technology advances and new products are developed, middle and smaller businesses are expanding their market share by winning new business and breaking into untapped sectors.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Component, By Delivery Model, By Application, By End User |
| Regions covered | UK, France, Germany, Italy, Spain, Rest of Europe |
| Companies Covered | 3M Company, Cerner Corporation, Datawizard SRL, Digital Reasoning Systems Inc., HP Europe BV, IBM Corporation, McKesson Europe AG, Optum Inc., Oracle Corporation, QVIA Inc., SAS Institute Inc., Others |
COVID-19 Impact on Europe Healthcare Analytics Market
The recent emphasis of pharmaceutical and biotech businesses on producing a therapeutic treatment or vaccination for COVID-19 has been partly ascribed to the modestly positive impact that COVID-19 made on the healthcare analytics market. Clinical trials are being carried out by certain companies for their particular medicine components. Analytics has proven to be helpful in the present COVID-19 global pandemic scenario. Analytics is crucial in clinical trials and handling enormous databases.
Key Target Audience:
- Healthcare Providers
- Healthcare Payers
- Pharmaceutical Companies
- Biotechnology Companies
- Healthcare IT Companies
- Healthcare Analytics Solution Providers
- Government Agencies and Regulatory Bodies
- Healthcare Consulting Firms
- Research and Academic Institutions
- Healthcare Data Management Companies
Our in-depth analysis of the Europe Healthcare Analytics Market includes the following segments:
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Key Topics Covered in the Report:
- Europe Healthcare Analytics Market Size (FY’2024-FY’2033)
- Overview of Europe Healthcare Analytics Market
- Segmentation of Europe Healthcare Analytics Market By Type (Prescriptive Analytics, Predictive Analytics, Descriptive Analytics)
- Segmentation of Europe Healthcare Analytics Market By Component (Services, Software, Hardware)
- Segmentation of Europe Healthcare Analytics Market By Delivery Model (On-Demand, On-Premise)
- Segmentation of Europe Healthcare Analytics Market By Application (Clinical Analytics, Population Health Analytics, Operational and Administrative Analytics, Financial Analytics)
- Segmentation of Europe Healthcare Analytics Market By End User (Healthcare Payers, Healthcare Providers, ACOS, HIES, MCOS, TPAS)
- Expansion Analysis of Europe Healthcare Analytics Market
- Problems and Obstacles in Europe Healthcare Analytics Market
- Competitive Landscape in the Europe Healthcare Analytics Market
- Impact of COVID-19 and Demonetization on Europe Healthcare Analytics Market
- Details on Current Investment in Europe Healthcare Analytics Market
- Competitive Analysis of Europe Healthcare Analytics Market
- Prominent Players in the Europe Healthcare Analytics Market
- SWOT Analysis of Europe Healthcare Analytics Market
- Europe Healthcare Analytics Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Healthcare Analytics Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Healthcare Analytics Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Healthcare Analytics Market
7. Europe Healthcare Analytics Market, By Type (USD Million) 2020-2033
7.1. Europe Healthcare Analytics Market Value Share and Forecast, By Type, 2020-20267.2. Europe Healthcare Analytics Market Value Share and Forecast, By Type, 2027-20337.3. Prescriptive Analytics7.4. Predictive Analytics7.5. Descriptive Analytics
8. Europe Healthcare Analytics Market, By Component (USD Million) 2020-2033
8.1. Europe Healthcare Analytics Market Value Share and Forecast, By Component, 2020-20268.2. Europe Healthcare Analytics Market Value Share and Forecast, By Component, 2027-20338.3. Services8.4. Software8.5. Hardware
9. Europe Healthcare Analytics Market, By Delivery Model (USD Million) 2020-2033
9.1. Europe Healthcare Analytics Market Value Share and Forecast, By Delivery Model, 2020-20269.2. Europe Healthcare Analytics Market Value Share and Forecast, By Delivery Model, 2027-20339.3. On-Demand9.4. On-Premise
10. Europe Healthcare Analytics Market, By Application (USD Million) 2020-2033
10.1. Europe Healthcare Analytics Market Value Share and Forecast, By Application, 2020-202610.2. Europe Healthcare Analytics Market Value Share and Forecast, By Application, 2027-203310.3. Clinical Analytics10.4. Population Health Analytics10.5. Operational and Administrative Analytics10.6. Financial Analytics
11. Europe Healthcare Analytics Market, By End User (USD Million) 2020-2033
11.1. Europe Healthcare Analytics Market Value Share and Forecast, By End User, 2020-202611.2. Europe Healthcare Analytics Market Value Share and Forecast, By End User, 2027-203311.3. Healthcare Payers11.4. Healthcare Providers11.5. ACOS11.6. HIES11.7. MCOS11.8. TPAS
12. Europe Healthcare Analytics Market Forecast, 2020-2033 (USD Million)
12.1. Europe Healthcare Analytics Market Size and Market Share
13. Europe Healthcare Analytics Market, By Region, 2020-2033 (USD Million)
13.1. Europe Healthcare Analytics Market Size and Market Share By Region (2020-2026)13.2. Europe Healthcare Analytics Market Size and Market Share By Region (2027-2033)13.3. UK13.4. France13.5. Germany13.6. Italy13.7. Spain13.8. Rest of Europe
14. Company Profile
14.1. 3M Company14.1.1. Company details14.1.2. Financial outlook14.1.3. Product summary14.1.4. Recent developments14.2. Cerner Corporation14.2.1. Company details14.2.2. Financial outlook14.2.3. Product summary14.2.4. Recent developments14.3. Datawizard SRL14.3.1. Company details14.3.2. Financial outlook14.3.3. Product summary14.3.4. Recent developments14.4. Digital Reasoning Systems Inc.14.4.1. Company details14.4.2. Financial outlook14.4.3. Product summary14.4.4. Recent developments14.5. HP Europe BV14.5.1. Company details14.5.2. Financial outlook14.5.3. Product summary14.5.4. Recent developments14.6. IBM Corporation14.6.1. Company details14.6.2. Financial outlook14.6.3. Product summary14.6.4. Recent developments14.7. McKesson Europe AG14.7.1. Company details14.7.2. Financial outlook14.7.3. Product summary14.7.4. Recent developments14.8. Optum Inc.14.8.1. Company details14.8.2. Financial outlook14.8.3. Product summary14.8.4. Recent developments14.9. Oracle Corporation14.9.1. Company details14.9.2. Financial outlook14.9.3. Product summary14.9.4. Recent developments14.10. QVIA Inc.14.10.1. Company details14.10.2. Financial outlook14.10.3. Product summary14.10.4. Recent developments14.11. SAS Institute Inc.14.11.1. Company details14.11.2. Financial outlook14.11.3. Product summary14.11.4. Recent developments14.12. Others
15. List of Abbreviations
16. Reference Links
17. Conclusion
18. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
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Europe Healthcare Analytics Market size is 84.3 billion from 2024 to 2033.
Europe Healthcare Analytics Market Segment is covered By Type, By Site, By Device, By Application.
The Asia-Pacific anticipated to have the highest market share in the Europe Healthcare Analytics Market.
The key players in the market include Companies Covered 3M Company, Cerner Corporation, Datawizard SRL, Digital Reasoning Systems Inc., HP Europe BV, IBM Corporation, McKesson Europe AG, Optum Inc., Oracle Corporation, QVIA Inc., SAS Institute Inc., Others.
The ability to handle and utilize health information in one's own country or in another Member State should be granted to individuals. It need to support the creation of a single market for products and services linked to digital health.
Europe Healthcare Analytics Market is projected to reach USD 84.3 billion by 2033, growing at a CAGR of 16.56% during the forecast period.
Europe Healthcare Analytics Market size from 2022. The Market is expected to reach USD 84.3 billion by 2033, at a CAGR of 16.56% during the forecast period.
Europe Healthcare Analytics Market CAGR of 16.56% during the forecast period.
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