Healthcare analytics market to reach $203.23b by 2034

The market was valued at $52.59b in 2024.

The global healthcare analytics market, valued at $52.59b in 2024, is projected to reach $203.23b by 2034, according to a report by Polaris Market Research.

The research firm said the market is expected to expand at a compound annual growth rate (CAGR) of 14.5% over the forecast period, reflecting wider adoption of analytics across healthcare systems.

Healthcare organisations are increasingly using analytics across clinical, financial and operational functions, applying tools such as predictive modelling, artificial intelligence and machine learning to analyse large volumes of health data, according to Polaris Market Research.

The report identified growth drivers including the shift toward value-based healthcare models, broader implementation of electronic health records and digital health technologies, and increased use of advanced analytics in care delivery and administrative processes.

Polaris Market Research said market adoption spans North America, Europe and Asia Pacific, supported by rising healthcare data volumes and continued investment by healthcare technology providers in analytics platforms.