Global Practice Analytics Market Share Grows Steadily at a CAGR of 9.88%

Introduction

One of the primary growth drivers of the global market is the healthcare sector’s shift towards value-based care and enhanced performance evaluation. As the industry gradually transitions from traditional fee-for-service models, healthcare providers are increasingly leveraging analytics to monitor patient outcomes, lower operational costs, and improve the quality of care. Practice analytics solutions assist both clinicians and administrators in tracking essential performance metrics, optimizing workflows, and making informed, data-driven decisions.

Moreover, growing regulatory demands, such as the implementation of MACRA and the Quality Payment Program (QPP) in the United States, are reinforcing the need for analytics tools that support compliance and performance reporting. The pursuit of operational efficiency is further encouraging hospitals and multi-specialty practices to utilize analytics for managing revenue cycles, scheduling, and improving patient flow. These advanced capabilities not only bolster financial health but also elevate patient experience, making practice analytics an indispensable asset in today’s healthcare landscape.

Market Dynamics

Increase in healthcare data volume drives the global market

The rapid and exponential growth of healthcare data has become a key driver propelling the global market forward. Healthcare organizations are increasingly turning to advanced analytics platforms to derive meaningful insights from a variety of data sources, including electronic health records (EHRs), clinical documentation, diagnostic results, and patient-generated information. In today’s data-intensive landscape, effectively managing and analyzing these expanding data volumes is essential for improving clinical decision-making, operational workflows, and overall patient care quality.

• As reported by IDC, healthcare data saw a projected increase of 11,000%, skyrocketing from around 153 exabytes in 2013 to over 2,314 exabytes by 2020. They also projected that by 2025, the healthcare industry would be the fastest-growing data generator globally. Currently, healthcare contributes to nearly 30% of all data produced worldwide.

This dramatic surge in data generation highlights the critical need for sophisticated analytics solutions that can transform vast and complex datasets into actionable insights.

Cloud-based analytics solutions create tremendous opportunities

Cloud-based analytics solutions are revolutionizing practice analytics by providing scalable infrastructure, real-time data access, and cost-effective operations. These tools empower healthcare organizations to optimize workflows, track key performance indicators, and make data-driven decisions through centralized and integrated platforms. They also support greater interoperability among digital health systems—an essential feature in today’s increasingly connected healthcare landscape.

• Notably, in July 2025, Johns Hopkins introduced Illustra Health™, a next-generation, cloud-native analytics platform designed to advance practice management. Created by experienced Johns Hopkins professionals, the solution transforms complex data into clear, actionable insights that enhance both operational efficiency and financial outcomes.

As healthcare continues to evolve toward digital-first and remote care models, the need for secure, adaptable, and intelligent cloud analytics platforms is projected to rise, unlocking significant market opportunities.

Regional Insights

North America dominates the global multiomics market due to its strong biomedical research infrastructure, high healthcare expenditure, and robust funding from government bodies like the NIH. The U.S. leads in multiomics integration, with large-scale initiatives such as the All of Us Research Program, which aims to gather multiomics data from over one million participants to advance precision medicine. Major biotech firms and startups, including Illumina, Thermo Fisher Scientific, and 10x Genomics, continue to innovate in single-cell multiomics and spatial transcriptomics.

Furthermore, partnerships between academia and industry, such as the Broad Institute’s collaborations with Google Cloud, are enhancing data analysis capabilities. Canada is also witnessing growth through organizations like Genomics Canada, which funds national-level projects in proteomics and metabolomics. The increasing demand for cancer genomics and rare disease research continues to fuel multiomics adoption across the region.

Key Highlights

• The global practice analytics market size was valued at USD 4.35 billion in 2024 and is projected to grow from USD 4.78 billion in 2025 to reach USD 10.16 billion by 2033, growing at a CAGR of 9.88% during the forecast period (2025–2033).

• The global practice analytics market is segmented by component into software and services.
• By deployment mode, the market is categorized into cloud-based and on-premises.
• Based on application, the market is divided into financial analytics, operational analytics, clinical analytics, patient engagement analytics, population health analytics, and others.
• By end user, the market is segmented into hospitals, clinics, ambulatory surgical centers (ASCs), diagnostic & imaging centers, and other healthcare providers. The hospitals segment dominated the market.
• North America is the highest shareholder in the global market.

Competitive Players

IBM Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., McKesson Corporation, GE Healthcare, Epic Systems Corporation, Optum, Inc., Athenahealth, Inc., eClinicalWorks, Inovalon, Health Catalyst, MedeAnalytics, Inc., and others.

Recent Developments

• In June 2025, In the UK, the NHS Confederation and Beamtree introduced the Evolve Collaborative, an AI enabled analytics platform. It uses machine learning to forecast trends, benchmark trust performance, and support peer learning among NHS organizations. The initiative is built to promote proactive, data driven improvement across clinical and operational teams.

Segmentation

1. By Component
   1. Software
   2. Services
      1. Consulting
      2. Support & Maintenance
      3. Training & Education
2. By Deployment Mode
   1. Cloud-based
   2. On-premises
3. By Application
   1. Financial Analytics
   2. Operational Analytics
   3. Clinical Analytics
   4. Patient Engagement Analytics
   5. Population Health Analytics
   6. Others
4. By End User
   1. Hospitals
   2. Clinics
   3. Ambulatory Surgical Centers (ASCs)
   4. Diagnostic & Imaging Centers
   5. Other Healthcare Providers
5. By Regions
   1. North America
   2. Europe
   3. Asia-Pacific
   4. Latin America
   5. The Middle East and Africa