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Healthcare Analytics Market to Hit USD 133.19 Billion by 2029 with 24.3% CAGR | MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 9, 2024 /PRNewswire/ — The global Healthcare Analytics market is expected to grow significantly, reaching USD 133.19 billion by 2029 from USD 44.83 billion in 2024, with a compound annual growth rate (CAGR) of 24.3%. Key drivers include increased adoption of electronic health records (EHRs), growing demand for data-driven decision-making, regulatory initiatives promoting value-based care, and rising venture capital investments in healthcare analytics startups. Technological advancements, particularly in AI and machine learning, are enhancing efficiency, with predictive analytics processing large volumes of data, improving patient care and payer efficiency. Cloud-based solutions are also fuelling growth, offering scalable, real-time analytics capabilities. However, challenges such as data security concerns and a shortage of skilled professionals may slow market expansion. North America currently holds the largest market share, while the Asia-Pacific region is expected to witness the highest growth. With clinical analytics leading the application segment, healthcare providers, payers, and pharmaceutical companies are key market players driving demand for advanced analytics solutions.

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Based on Component, the healthcare analytics market is segmented into services and software. The services segment held the largest market share in the healthcare analytics market due to increasing need for advanced analytical methods and tools for patient monitoring and treatment outcome improvement. As patient loads and disease prevalence are increasing, massive amounts of clinical data are generated, leading to sophisticated solutions such as predictive analytics to manage and utilize this data efficiently. For instance, predictive analytics adoption rates are 66% in the United States and 79% in China. Thus, the rising demand for better patient care, cost-effective treatments, and better clinical outcomes has increased pressure on healthcare providers to implement comprehensive analytics solutions, driving the services segment’s growth.
Based on end user, the healthcare analytics market is segmented into payers, providers, pharmaceutical industry & supply chain. The provider segment dominated the healthcare analytics market due to numerous factors, such as the increasing prevalence of chronic diseases and the increasing need for improved patient care. For instance, chronic diseases are expected to account for 84% of global mortality by 2030, thus healthcare providers are increasingly using analytics to better manage and treat these conditions. Furthermore, the need to provide high-quality, cost-effective care propels providers to incorporate data analytics into their operations. Moreover, the dominance of this market segment is further enhanced by government initiatives requiring healthcare providers to maintain care standards and use resources efficiently.
Based on the region, the healthcare analytics market is segmented into five major regional segments, namely, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The North American region dominated the healthcare analytics market because of its high healthcare spending, particularly in the US, where healthcare spending will reach 17.8% of GDP in 2021, nearly doubling the OECD average. This substantial investment has allowed healthcare providers and payers to implement advanced analytics solutions. Additionally, significant venture capital funding has fueled innovation, with USD 7.2 billion invested in AI healthcare companies in 2023 and USD 11.1 billion projected for 2024, resulting in rapid advancements in healthcare analytics technologies.
Emerging trends and technologies are poised to transform healthcare delivery and improve patient outcomes, profoundly influencing the future of healthcare analytics market. Additionally, AI-powered healthcare solutions enable personalized medicine, predictive analytics, and real-time monitoring via wearable devices and IoT sensors. These advancements allow for earlier disease detection and optimized care management, ultimately improving patient safety and satisfaction. Moreover, federated learning promotes collaborative machine learning while protecting patient privacy and encouraging data sharing between institutions. As stakeholders adopt these technological innovations, they will be able to provide proactive and equitable healthcare services to effectively address health disparities.
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The Healthcare analytics market is dominated by key players. The major players operating in this market are, Merative (US), Optum, Inc. (US), SAS Institute Inc. (US), Oracle (US), Citiustech Inc (US), Inovalon (US), Mckesson Corporation (US), MedeAnalytics, Inc. (US), Cotiviti, Inc. (US), Exlservice Holdings, Inc. (US), Wipro (India), Apixio. (US), Komodo Health, Inc. (US), Health Catalyst (US), CVS Health (US), Veradigm (US), Enlitic (US), HealthEC LLC (US), IQVIA (US), Arcadia Solutions, LLC. (US), Evidation Health, Inc. (US), HealthCorum (US), Aetion, Inc. (US), Tredence Inc (US), Sisense Ltd. (US).
Optum, Inc.:
Optum, Inc. a part of UnitedHealth Group, is one of the top providers in healthcare analytics solutions and services market. With more than 30 years of experience, the company offers analytics managed services to support healthcare organizations, physician practices, hospitals, health systems, and health plans, enabling them to make well-informed, data-driven decisions. Their multidisciplinary team of clinical, financial, actuarial, and operational professionals uses advanced data assets and analytics technology to help clients achieve their clinical, operational, and financial objectives. The company serves its solutions and services to more than 280 healthcare payers, 5,000 hospitals, and over 100,000 healthcare facilities in the US. The company prioritizes strategic partnerships and innovations in digital health solutions to improve patient care and lower costs, particularly in value-based care and population health management.
For instance, Optum has completed its USD 7.8 billion merger with Change Healthcare (US), allowing access to data from millions of healthcare transactions and enhancing its analytics capabilities across the US population. Moreover, according to the article published by Beckers Health IT, in May 2024, Optum has spent USD 31 billion on acquisitions in the last two years. By taking these strategic moves, Optum has strengthened its position for rapid growth and increased capacity to deliver better patient care and operational effectiveness throughout the US healthcare system.
Oracle:
Oracle Corporation, a global technology leader, reported USD 53 billion in revenue for fiscal year 2024. To strengthen its healthcare presence, Oracle Health paid USD 28.4 billion for Cerner in June 2022, allowing it to integrate advanced analytics and artificial intelligence (AI) into electronic health records (EHR). Oracle Health extended its EHR contract with the Veterans Affairs (VA) until 2024 and announced new collaborations aimed at improving patient care and operational efficiency through cybersecurity and interoperability initiatives. Oracle’s Health Data Warehouse is the best healthcare analytics solution, with users reporting a 417% return on investment (ROI) over five years, assist to boost the growth of company in the healthcare sector.
Merative:
Merative, formerly IBM Watson Health, is a healthcare data and analytics company acquired by Francisco Partners for more than USD 1 billion in 2022; serves over 4,500 clients in the healthcare and government sectors around the world and is focused on driving growth through partnerships and acquisition. Merative’s Truven healthcare data and analytics solutions backed by 40 years of experience, serves seven of the top US health plans and more than 40% of the Fortune 500, with a client retention rate exceeding 90%, this has helped the company to enhance its value proposition, drive growth, and solidify its position in the healthcare data and analytics market.
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CYRISMA, a leading Risk Management Platform for MSPs, secures $7 million Growth Equity Financing led by Blueprint Equity

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ROCHESTER, N.Y., Oct. 9, 2024 /PRNewswire/ — CYRISMA, an all-in-one risk management platform, announced its Series A financing today. Led by Blueprint Equity, with participation from SaaS Venture and Golden Ventures, the funding will accelerate CYRISMA’s platform development, fuel customer success, and expand sales and marketing initiatives.

CYRISMA accelerates security programs for MSPs by providing a cost-effective, all-in-one solution to identify, prioritize, and remediate vulnerabilities, track compliance requirements, and manage AI security risk.
“In partnering with Blueprint Equity, we are excited to leverage their expertise and resources to further enhance our platform and support our customers,” said Liam Downward, co-founder and CPO of CYRISMA. “This investment will allow us to continue delivering an affordable and comprehensive risk management solution, empowering MSPs to protect their clients effectively. Additionally, it enables us to enter into new markets, expanding our reach and increasing brand awareness.”
Blueprint Equity’s Sheldon Lewis, who will join CYRISMA’s Board of Directors, commented, “With the rise of security threats for SMBs, there’s been an increasing number of businesses outsourcing their cybersecurity to MSPs. This has accelerated demand in the market for strong, multi-tenant cybersecurity solutions for MSPs to best serve their clients.” He added, “We were drawn to the breadth of the CYRISMA platform and their strong customer satisfaction. Oliver Downward, CEO, Liam, and the team have an unparalleled insight into the MSP market, and we’re honored to partner with CYRISMA during their next phase of growth.”
About CYRISMA
CYRISMA is an all-in-one risk management platform for Managed Service Providers. With the rise in security threats and demand for cybersecurity services, CYRISMA provides MSPs with an effective, all-in-one solution to manage their cybersecurity initiatives for clients in a multi-tenant platform. To schedule a demo of CYRISMA, please visit https://www.cyrisma.com/.
About Blueprint Equity
Blueprint Equity provides expansion capital to high-growth, capital-efficient enterprise software and technology-enabled services businesses worldwide. Blueprint has $275 million of assets under management and is based in La Jolla, CA. For more information, please visit www.onblueprint.com.
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Centivax Selects Global CDMO BioCina to Initiate cGMP Manufacturing of Revolutionary Universal Influenza Vaccine

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ADELAIDE, South Australia, Oct. 9, 2024 /PRNewswire/ — BioCina Pty Ltd., a global end-to-end biologics Contract Development and Manufacturing Organization (CDMO), announced a new partnership with Centivax, Inc., for a project involving cell line development, cell banking and plasmid DNA manufacture. Centivax is developing Cent-Flu, a universal influenza vaccine, consisting of a proprietary multivalent mixture of 22 unique mRNA transcripts delivered as a lipid nanoparticle (LNP) encapsulated mRNA vaccine. In vivo, the vaccine has been demonstrated to convey protection against current, past, and future influenza strains. BioCina will provide proven expertise in the selection of optimal plasmid manufacturing cell lines, Master Cell Bank (MCB) and plasmid manufacturing, to support Centivax’s progression to First-in-Human clinical trials.

 BioCina’s Chief Executive Officer, Mark W. Womack stated, “We’re privileged to support Centivax’s breakthrough approach to sustained flu prevention and we couldn’t be more excited to be their partner of choice to initiate cGMP manufacturing, thus advancing the journey to bring such an important vaccine to market. This is a tremendous opportunity for the BioCina Team to leverage our world-class capabilities in cell line development, cell banking, and cGMP plasmid production.”
Centivax’s Chief Executive Officer, Jacob Glanville, said, “We are thrilled to announce BioCina as our Master Cell Bank manufacturing partner for the first phase of manufacturing our universal influenza vaccine. BioCina’s exemplary expertise and track record in mRNA/LNP MCB, combined with their state-of-the-art facilities, aligns perfectly with Centivax’s commitment to innovation and quality. This partnership enables us to leverage BioCina’s expertise to ensure the highest standards of vaccine production. Together, we’re taking a significant step forward in bringing our universal influenza vaccine to market, with the goal of providing broad, lasting protection against the disease on a global scale.”
About BioCinaBioCina is a global end-to-end biologics Contract Development and Manufacturing Organisation (CDMO), offering highest-quality, cost-effective cell line, process, analytical and formulation development, and cGMP clinical & commercial manufacturing for the microbial, pDNA and mRNA modalities. BioCina’s first facility in Adelaide, South Australia has a rich history of developing and manufacturing both clinical and commercial drug substance, backed by most critical SME’s having an average tenure of 15+ years at the site. BioCina boasts an elite quality record having successfully passed regulatory inspections by the US FDA, EMA, TGA and Health Canada. Through a partnership with NovaCina, BioCina offers clients a highest-quality fill-and-finish solution. BioCina is proud to have clients globally, including the U.S., Europe, and the Asia Pacific. Australia offers one of the most attractive tax incentives globally (up to 48.5% cash refund), and one of the world’s premier trial networks, making it an ideal destination for biologics companies looking to invest in scaling-up and manufacturing products. Visit https://biocina.com.
About CentivaxCentivax is a universal vaccine platform technology company founded and led by experts in vaccinology, vaccine regulatory affairs, immunology, and computational bioengineering. The universal vaccine platform intellectual property has demonstrated unprecedented breadth of protection against influenza and coronaviruses. The platform delivers ultra-broad neutralizing titers, HAI titers and in-vivo protection in ferrets, pigs, rats, mice and human immune organoids. Development of the Centivax platform has been financially supported by the Global Health Investment Corporation (GHIC) BARDA venture arm, NFX, BLUE KNIGHT™ J&J/BARDA program, the Bill and Melinda Gates Foundation, the National Institute of Health (NIH), the Naval Medical Research Center, the Walter Reed Army Institute of Research, the Medical Technology Enterprise Consortium, the Department of Defense, and the National Institute for Innovation in Manufacturing Biopharmaceuticals. Centivax is on a mission to accelerate the world’s transition to a post-pathogen humanity.
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Hyperview Revolutionizes Data Center Management with Advanced DCIM Suite

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New Carbon Footprint Reporting Delivers Unmatched Insights, Optimizing Sustainability and Performance
VANCOUVER, British Columbia, Oct. 9, 2024 /PRNewswire/ — Hyperview, the leading cloud-based data center infrastructure management (DCIM) platform, today unveiled a suite of groundbreaking features set to transform data center management through detailed measurement and comprehensive sustainability tools.

At the heart of this is Hyperview’s new carbon footprint reporting system, providing granular insights that surpass traditional location-based methods. The initial offering provides location and rack-level carbon footprint reporting, with future releases set to include carbon footprint reporting down to the asset level. This phased approach enables a level of detailed analysis previously unseen in the industry, allowing for more informed, impactful operational decisions. By offering a holistic view of a data center’s environmental impact, from equipment performance to overall energy consumption, Hyperview is setting a new standard for sustainability management in the digital infrastructure sector.
“The timing of this release is crucial”, says President and CEO Jad Jebara. “As the data center industry faces mounting pressure to address its environmental impact. Data centers currently consume 1.5% of the global energy supply and emit 59 million metric tonnes of CO2 annually. Without significant intervention, experts project this consumption could skyrocket to 8% by 2030. Hyperview’s solutions enable targeted reduction strategies, addressing inefficiencies in IT equipment management and providing detailed emissions analysis.”
Key Highlights:
Phased Reporting Implementation: Initial offering includes location and rack-level carbon footprint reporting, with asset-level insights coming in future releases.Asset-Level Analysis: Enables impactful decision-making through detailed equipment, material, and power data.Predictive Capabilities: Offers current data and future predictions, surpassing competitors’ reliance on historical information.Cost-Effective Solution: Eliminates need for additional professional services through automated data collection and presentation.Regulatory Compliance: Assists in navigating evolving regulations (SB 253, CSRD, EED) while improving ESG performance.Comprehensive Sustainability Tools:Carbon footprint tracking and managementUnlocking stranded power and cooling capacityMonitoring energy usage efficiency and kilowatt hours at rack-levelSetting rack-level thresholds for power and temperatureMonitoring temperature, Delta-T, and humidity”Hyperview’s precision in digital infrastructure management is akin to diagnosing a specific medical condition rather than broadly identifying an illness,” continues Jebara “While competitors might broadly identify issues, Hyperview pinpoints specific causes, enabling our clients to make targeted improvements, significantly reducing their carbon footprint and operational costs.”
These features allow clients to gain a detailed understanding of their energy consumption and identify areas for improvement, contributing to significant carbon footprint reductions. The platform’s detailed data helps clients understand their current situation and make accurate future predictions.
With this advanced DCIM suite, Hyperview reaffirms its position as a leader in data center management solutions, offering unparalleled tools for sustainability, efficiency, and regulatory compliance. As the industry evolves, Hyperview remains at the forefront, driving innovation and enabling data centers to meet the challenges of tomorrow.
To experience Hyperview’s Carbon Footprint Reporting firsthand, schedule a demonstration at https://www.hyperviewhq.com/carbon-footprint/
About Hyperview
Hyperview is the leading cloud-based data center infrastructure management (DCIM) platform that empowers enterprises to optimize capacity, reduce power and energy consumption, lower costs, and avoid outages. The powerful and easy-to-use platform includes Asset Management, Energy Management, Power and Environmental Monitoring, Capacity Planning, and 3D Visualization. Learn more at www.hyperviewhq.com. 
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