News

Healthcare

Staff Reporter

, APAC

Published:

6 months ago

Photo from Alexander Sinn on Unsplash

Global healthcare analytics market to reach $66.54b by 2028

The market projects a CAGR of 24.79% within the forecast period.

The global healthcare analytics market is projected to grow by $66.54b until 2028 at a compound annual growth rate (CAGR) of 24.79%.

A report by Technavio revealed that the market is driven by rising healthcare costs, the need for personalised medicine, and the growing adoption of digital health technologies.

ALSO READ: Companion diagnostics market foresees 15.2% CAGR until 2028

By component, the market’s services segment, comprising consulting and software support, is expected to hold a substantial market share within the forecast period.

The segment is said to be driven by evolving lifestyles, particularly in developed nations with robust telecom and internet infrastructure.

Meanwhile, a focus on telehealth and mobile health (mHealth) will further drive market growth through the segment.

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