How Big is the Healthcare Data and Analytics Market | Size & Key Growth Drivers 2025

Q: What is the size of the healthcare data and analytics market?

The healthcare data and analytics market was estimated at USD 30 billion in 2024 and is projected to reach USD 74 billion by 2031.

Q: What are the key factors driving healthcare analytics adoption?

Main drivers include the need for predictive insights, cost reduction, regulatory compliance, and quality improvement.

Q: Which regions are leading the healthcare data and analytics industry?

North America leads the market, followed by Europe and the Asia-Pacific region with digitization and strong health IT infrastructure.

Q: Who are the major players in healthcare analytics market?

Top players of the market include IBM Watson Health, Optum, Oracle Health, SAS, and Health Catalyst.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA7454

Publication Date: Aug 2025

What is the size of Healthcare Data and Analytics Market?

According to 6Wresearch internal database and industry insights, the Healthcare Data and Analytics Market was estimated at USD 30 billion in 2024 and is projected to reach USD 74 billion by 2031, growing at a CAGR of 15.2% during the forecast period 2025-2031.

Due to various factors which include the increasing digitalization of healthcare systems, growing use of predictive analytics for patient outcomes, and rising demand for cost optimization and population health insights, the healthcare data and analytics market is predicted to grow in the forthcoming years.

Key Growth Drivers of the Healthcare Data and Analytics Market

Accelerated digital transformation across healthcare institutions
Increasing need for predictive and prescriptive analytics for patient care
Rising adoption of electronic health records (EHR) and connected health systems
Regulatory requirements for quality reporting and clinical decision support
Emphasizing focus on value-based care and operational efficiency

Healthcare Data and Analytics Market Trends

Healthcare data and analytics market is growing over the years with strong trends such as rapid deployment of AI and machine learning algorithms for clinical decision support, risk stratification, and disease forecasting. Further, the cloud-based analytics platforms are being increasingly adopted for real-time data sharing. This market has noticed the patient-centric care models is boosting demand for tools that provide holistic insights across EHR, wearable devices, and payer systems.

Emerging Developments in the Healthcare Data and Analytics Market

Healthcare data and analytics market is undergoing for the transformation with integration of blockchain for secure data exchange, edge computing for real-time processing, and NLP-based tools for clinical documentation analysis. Aside from these, organizations are adopting data lakes, predictive modelling, and AI-driven dashboards to improve care delivery, resource allocation, and financial forecasting. Collectively, all these developments are enhancing the presence of the market.

List of Leading Companies in the Healthcare Data and Analytics Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. IBM Watson Health

Company Name	IBM Watson Health
Established Year	2015
Headquarters	Armonk, New York, United States
Official Website	Click Here

This company offers AI-driven analytics platforms for clinical research, population health, and real-time patient insights using big data tools.

2. Optum

Company Name	Optum
Established Year	2011
Headquarters	Minnesota, United States
Official Website	Click Here

This company delivers data analytics solutions for claims analysis, risk adjustment, care coordination, and cost reduction across healthcare systems.

3. Oracle Health

Company Name	Oracle Health
Established Year	2022
Headquarters	Austin, Texas, United States
Official Website	*Click Here*

This company provides analytics tools integrated with EHR systems, enabling hospitals and payers to analyse outcomes, performance, and costs effectively.

4. SAS Institute

Company Name	SAS Institute
Established Year	1976
Headquarters	Cary, North Carolina, United States
Official Website	*Click Here*

This company offers advanced healthcare analytics platforms for fraud detection, clinical trial analysis, quality measurement, and operational analytics.

5. Health Catalyst

Company Name	Health Catalyst
Established Year	2008
Headquarters	Salt Lake City, Utah, United States
Official Website	*Click Here*

This company provides a data platform and analytics applications to help hospitals improve outcomes, reduce waste, and drive strategic decisions.

6. Allscripts Healthcare Solutions

Company Name	Allscripts Healthcare Solutions
Established Year	1986
Headquarters	Chicago, Illinois, United States
Official Website	*Click Here*

This company delivers healthcare analytics and interoperability tools for EHR integration, clinical insights, and population health management.

7. Flatiron Health

Company Name	Flatiron Health
Established Year	2012
Headquarters	New York, United States
Official Website	Click Here

This company majorly focus on oncology-specific analytics platforms and real-world evidence generation for pharmaceutical research and clinical decision-making.

8. Veradigm

Company Name	Veradigm
Established Year	2018
Headquarters	Chicago, Illinois, United States
Official Website	Click Here

This company offers integrated data and analytics solutions for payers, providers, and life sciences companies, enables the outcomes research and care optimization.