Healthcare Financial Analytics Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Healthcare Financial Analysis Market Companies and the market is segmented by Type (Claim Analytics, Revenue Cycle Management, Risk Management Analytics, and Others), Component (Hardware and Software & Services), Deployment (On-premise and Cloud-based), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market provides the value (in USD million) for the above-mentioned segments.

Healthcare Financial Analytics Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Healthcare Financial Analytics Market Size

Healthcare Financial Analytics Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 22.05 Billion
Market Size (2030) USD 67.29 Billion
CAGR (2025 - 2030) 25.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Healthcare Financial Analytics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Global Healthcare Financial Analytics Market with other markets in Healthcare Industry

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Healthcare Financial Analytics Market Analysis

The Global Healthcare Financial Analytics Market size is estimated at USD 22.05 billion in 2025, and is expected to reach USD 67.29 billion by 2030, at a CAGR of 25% during the forecast period (2025-2030).

The pandemic had an adverse effect on the healthcare financial analytics market. Healthcare analytics is under pressure for a number of reasons, according to an article titled "Tips to Streamline Your RCM Process During COVID-19 Pandemic" which was published in April 2020. First of all, the requirement to record patients with previously unrecorded conditions has caused a great deal of misunderstanding and procedural chaos. Second, billers and coders must keep up with shifting payer needs and coding standards at a rate far faster than the average learning curve. Thirdly, charging for COVID-19 patients must differ from standard billing because the therapy is linked to a pandemic with numerous accompanying regulatory body constraints that have an effect on the market. However, with COVID-19 in the scenario, Telehealth has emerged as an effective method for patients to interact between patients and healthcare providers. This has provided the flexibility to schedule remote appointments to provide initial screenings, offer second opinions, and follow-up with patients which will prevent the spread of the virus. The increase in the digitalization process has increased the demand for more transparent billing procedures, thus driving the market. The European Commission suggested the EU4Health program as a component of a COVID-19 recovery response program, according to an article titled "The European digital health revolution in the wake of COVID-19" that was published in April 2021. The effort intends to raise EUR 5.1 billion for the European health sector's digital transformation and to assure readiness for potential future international health concerns. Therefore, the market expansion throughout the study period will be driven by rising government investments in the digital transformation of healthcare. Thus, COVID-19 has impacted adversely the demand for healthcare analytics, but it is expected to recover with the increase in the number of inpatients and outpatients number.

Big data analytics is a fast-emerging topic in healthcare analytics. The emerging blend of bioinformatics and health informatics has encouraged research in all the healthcare segments, such as target drug, personalized medicine, clinical decision support, and population health management. A core voluntary contribution (CVC) of EUR 340 million over four years was initiated by the Prime Minister of the United Kingdom in September 2020 to support all of the WHO's activities in the nation as outlined in the 13th General Programme of Work. As a result, a number of government measures are to blame for the adoption of RCM platforms, which contribute to the market's expansion. In 2020, National Health Service (NHS) England allocates funds to 191 Clinical Commissioning Groups, which govern and pay for care delivery at the local level. The NHS provides free public health care, including hospital, physician, and mental health treatment, to all national residents on an automatic basis. The NHS is responsible for determining the strategic direction of health information technology, including the creation of online appointment booking systems and the establishment of quality standards for prescription and medical record-keeping software. As a result, the market under study will be driven by the usage of revenue cycle management software for better reimbursement processes. Additionally, initiatives by key market players are another factor in market growth. For instance, in August 2020, Quantzig launched advanced clinical data analytics solutions to help healthcare, pharma, and life science companies lead their way out of the pandemic with data-driven insights. Thus, the abovementioned factors are expected to increase market growth.

However, the lack of properly trained IT professionals in healthcare is expected to hinder the market growth.

Healthcare Financial Analytics Industry Overview

The healthcare financial analytics market is partially fragmented and consists of several major players. The global players in the healthcare financial analytics market are IBM, Allscripts Healthcare Solutions, Cerner Corporation, Health Catalyst, Mckesson Corporation, Optum Inc, Oracle Corporation, SAS Institute Inc., and Verisk Analytics, Inc. among others.

Healthcare Financial Analytics Market Leaders

  1. IBM

  2. Allscripts Healthcare Solutions

  3. Cerner Corporation

  4. Mckesson Corporation

  5. Oracle Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Healthcare Financial Analytics Market Concentration
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Healthcare Financial Analytics Market News

  • In May 2022, the Clarify Health Institute is a cutting-edge research division established by Clarify Health, a leading cloud analytics, and value-based payments platform company, to provide practical analysis and data-driven insights on issues and trends affecting healthcare organizations, policymakers, and patients.
  • In January 2022, following the signing of a legally binding agreement, Francisco Partners acquired healthcare data and analytics assets from IBM that were previously a part of the Watson Health business. Francisco Partners is a well-known international investment firm that specializes in working with technology companies.

Healthcare Financial Analytics Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Emergence of Big Data in Healthcare
    • 4.2.2 Growing Awareness For Digital Technologies
    • 4.2.3 Technological Advancements Making Data Handling Easy
  • 4.3 Market Restraints
    • 4.3.1 Lack of Properly Trained IT Professionals in Healthcare
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size by Value - USD million)

  • 5.1 By Type
    • 5.1.1 Claim Analytics
    • 5.1.2 Revenue Cycle Management
    • 5.1.3 Risk Management Analytics
    • 5.1.4 Others
  • 5.2 By Component
    • 5.2.1 Hardware
    • 5.2.2 Software & Services
  • 5.3 By Deployment
    • 5.3.1 On-premise
    • 5.3.2 Cloud-based
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Spain
    • 5.4.2.6 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 Australia
    • 5.4.3.5 South Korea
    • 5.4.3.6 Rest of Asia-Pacific
    • 5.4.4 Middle-East and Africa
    • 5.4.4.1 GCC
    • 5.4.4.2 South Africa
    • 5.4.4.3 Rest of Middle-East and Africa
    • 5.4.5 South America
    • 5.4.5.1 Brazil
    • 5.4.5.2 Argentina
    • 5.4.5.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 IBM
    • 6.1.2 Allscripts Healthcare Solutions
    • 6.1.3 Cerner Corporation
    • 6.1.4 Health Catalyst
    • 6.1.5 Mckesson Corporation
    • 6.1.6 Optum Inc
    • 6.1.7 Oracle Corporation
    • 6.1.8 SAS Institute Inc.
    • 6.1.9 Verisk Analytics, Inc
    • 6.1.10 CitiusTech Inc
    • 6.1.11 CVS Health
    • 6.1.12 Inovalon
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments
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Healthcare Financial Analytics Industry Segmentation

As per the scope of the report, financial analytics is a part of advanced analytics that are required for claims processing, payment integrity and fraud, waste, and abuse (FWA), and risk assessment. The Healthcare Financial Analytics Market is Segmented by Type (Claim Analytics, Revenue Cycle Management, Risk Management Analytics, and Others), Component (Hardware and Software & Services), Deployment (On-premise and Cloud-based), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Type Claim Analytics
Revenue Cycle Management
Risk Management Analytics
Others
By Component Hardware
Software & Services
By Deployment On-premise
Cloud-based
Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa GCC
South Africa
Rest of Middle-East and Africa
South America Brazil
Argentina
Rest of South America
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Healthcare Financial Analytics Market Research FAQs

How big is the Global Healthcare Financial Analytics Market?

The Global Healthcare Financial Analytics Market size is expected to reach USD 22.05 billion in 2025 and grow at a CAGR of 25% to reach USD 67.29 billion by 2030.

What is the current Global Healthcare Financial Analytics Market size?

In 2025, the Global Healthcare Financial Analytics Market size is expected to reach USD 22.05 billion.

Who are the key players in Global Healthcare Financial Analytics Market?

IBM, Allscripts Healthcare Solutions, Cerner Corporation, Mckesson Corporation and Oracle Corporation are the major companies operating in the Global Healthcare Financial Analytics Market.

Which is the fastest growing region in Global Healthcare Financial Analytics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Global Healthcare Financial Analytics Market?

In 2025, the North America accounts for the largest market share in Global Healthcare Financial Analytics Market.

What years does this Global Healthcare Financial Analytics Market cover, and what was the market size in 2024?

In 2024, the Global Healthcare Financial Analytics Market size was estimated at USD 16.54 billion. The report covers the Global Healthcare Financial Analytics Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Healthcare Financial Analytics Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Healthcare Financial Analytics Industry Report

Statistics for the 2025 Global Healthcare Financial Analytics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Healthcare Financial Analytics analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.