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Research Outline
Prepared for Joel M. | Delivered October 22, 2019
Healthcare Analytics Market
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Goals
To obtain the market size, growth, and competitive landscape for analytics or machine learning platforms/tools in healthcare. This research would be used in evaluating
ClosedLoop
for potential investment.
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Early Findings
According to MarketsandMarkets, by 2024, the global healthcare analytics market is predicted to reach
$50.5 billion
.
Currently (2019), this market is worth
$14 billion
. The healthcare analytics industry is expected to grow at a CAGR of
28.3%
during the 2019-2024 forecast period.
North America, especially the United States, offers
significant growth opportunities
for players in this market.
This market is
highly competitive
, with numerous established brands as well as emerging players. Major players in the healthcare analytics market include IBM Corporation (US), Cerner Corporation (US), Optum, Inc. (US), SAS Institute, Inc. (US), and Allscripts Health Solutions (US).
MarketsandMarkets mentions that "IBM is the
leading player
in the market".
The healthcare analytics market in the United States is expected to exceed $
10.920 billion
by 2025.
In 2018, the United States accounted for the
largest share
and is predicted to grow at a CAGR of
12.5%
over the 2018-2025 projected period.
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