Healthcare Analytics – Industry Performance

This article is one in a series covering investments, transactions and general trends in healthcare and healthcare analytics. Current Performance & Industry Outlook The global market for healthcare analytics reached $6.2 billion in 2016. This market should reach nearly $7.2 billion in 2017 and $14.9 billion by 2022, at a compound annual growth rate (CAGR) of 15.8% [i]. In North America, healthcare analytics spending is expected to total $7.2 billion by the end of the decade [ii]. Key External Drivers Demand for Healthcare Analytics in the United States is primarily determined by the following factors: Total healthcare expenditures Maturing population ages 65 and above Pressure to reduce healthcare costs Federal healthcare mandates The trend toward paperless work spaces Total Healthcare Expenditures Increases in total healthcare expenditures are directly correlated with increases in demand for healthcare analytics services. Research from the Centers for Medicare and Medicaid…

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