Connect with us

Technology

Healthcare Analytics Market is expected to generate a revenue of USD 18.05 Billion by 2031, Globally, at 2.50% CAGR: Verified Market Research®

Published

on

Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the, “Healthcare Analytics Market Size and Forecast,” As healthcare systems worldwide increasingly adopt data-driven approaches, the demand for advanced analytics is soaring. This new report is designed to empower decision-makers in the healthcare industry by providing deep insights into how analytics can enhance patient outcomes, reduce operational costs, and drive strategic growth.

LEWES, Del., Oct. 24, 2024 /PRNewswire/ — The Global Healthcare Analytics Market Size is projected to grow at a CAGR of 2.50% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 15.08 Billion in 2024 and is expected to reach USD 18.05 Billion by the end of the forecast period.

The Healthcare Analytics Market is witnessing rapid expansion as healthcare providers, payers, and pharmaceutical companies recognize the immense value of leveraging big data, AI, and machine learning to streamline operations and improve patient care. Our report delves into key segments, including descriptive, predictive, and prescriptive analytics, covering their applications in clinical, financial, and operational processes.

Key Insights of the Report Include:

Detailed Market Analysis: Explore the current landscape, including market size, growth projections, and key drivers fueling the adoption of healthcare analytics.Strategic Insights for Stakeholders: Identify emerging trends and technological advancements shaping the market, helping you stay ahead of the competition.Competitive Intelligence: Gain a thorough understanding of key players and their strategies, along with potential investment opportunities and market entry points.In-Depth Regional Analysis: A comprehensive breakdown of growth trends across North America, Europe, Asia-Pacific, and other key regions.

Why This Report Matters for Industry leaders:

For C-level executives, healthcare administrators, IT leaders, and analytics solution providers, this report serves as an indispensable tool for making data-driven decisions. With healthcare systems under pressure to improve efficiencies while controlling costs, our report highlights how adopting robust analytics frameworks can transform operations and enhance service delivery.

Stay ahead of the curve in the ever-evolving Healthcare Analytics Market. For more information or to request a sample copy of the report, please visit: https://www.verifiedmarketresearch.com/download-sample?rid=7585

Browse in-depth TOC on “Global Healthcare Analytics Market Size“

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNITS

Value in USD Billion

KEY COMPANIES PROFILED

IBM Corporation, Oracle Corporation, SAS Institute Inc., Optum, Inc. (part of UnitedHealth Group), Cerner Corporation, McKesson Corporation, MedeAnalytics, Inc., Inovalon, Inc., Allscripts Healthcare Solutions, Inc., Health Catalyst, Inc., Cotiviti, Inc., Wipro Limited.

SEGMENTS COVERED

By Component, By Deployment, By Application, By End User, And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Global Healthcare Analytics Market Overview

Increasing Adoption of Big Data and AI in Healthcare: The amalgamation of big data and artificial intelligence is transforming the Healthcare Analytics Market, facilitating instantaneous decision-making and predictive insights. These technologies enable healthcare practitioners to offer tailored care and enhance resource efficiency. This transition is promoting extensive utilization of analytics solutions, encouraging innovation, and enhancing patient outcomes, necessitating that industry leaders invest in sophisticated healthcare analytics platforms.

Growing Demand for Cost-Effective Healthcare Solutions: Due to escalating healthcare expenses, enterprises are pursuing analytics to optimize processes and mitigate inefficiencies. The Healthcare Analytics Market is flourishing as payers and providers increasingly depend on data to optimize resource management, reduce operational expenses, and provide superior treatment. The increasing demand for economical solutions provides substantial potential for healthcare analytics companies to enhance their products and address the industry’s changing requirements.

Regulatory Mandates for Healthcare Data Management: Regulations such as HIPAA and GDPR mandate healthcare firms to uphold data security and guarantee transparency, hence increasing the demand for analytics systems capable of managing, analyzing, and safeguarding sensitive patient information. The Healthcare Analytics Market is poised for growth as regulatory compliance emerges as a primary concern for healthcare providers, prompting investments in solutions that provide secure, compliant data management and deliver actionable insights.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=7585

High Implementation Costs: Despite the substantial advantages of healthcare analytics, the elevated initial expenses associated with implementing advanced analytics systems present a hurdle for small and medium-sized healthcare companies. This obstacle restricts the implementation of analytics solutions in resource-limited settings, hindering the overall expansion of the Healthcare Analytics Market and leaving potential opportunities unexploited for solution providers to deliver scalable, cost-efficient alternatives.

Data Privacy and Security Concerns: As healthcare systems increasingly rely on data, apprehensions around data breaches and patient confidentiality intensify. Organizations encounter mounting demand to protect sensitive information, which may impede the implementation of new analytics tools. This risk profoundly affects the Healthcare Analytics Market, as healthcare providers are hesitant to use solutions lacking robust security safeguards, hence creating opportunities for suppliers to innovate in secure analytics technology.

Lack of Skilled Workforce: The deficiency of professionals proficient in data analytics and healthcare technology poses a substantial constraint on the Healthcare Analytics Market. Healthcare organizations lacking requisite skills encounter difficulties in implementing and using analytics solutions, hence constraining their capacity to effectively utilize data for enhanced outcomes. This gap signifies an opportunity for training providers and consultants to address the deficiency by delivering specialized services that expedite the implementation of analytics solutions.

Geographical Dominance

North America occupies a preeminent role in the Healthcare Analytics Market, propelled by sophisticated healthcare infrastructure, extensive adoption of digital health technology, and favorable government initiatives. The region’s strength in innovation and investment enhances the demand for analytics solutions, establishing trends in global markets. This dominance propels market expansion as principal entities concentrate on enhancing their analytics services to address the rising healthcare needs worldwide.

Key Players

The “Global Healthcare Analytics Market” study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are IBM Corporation, Oracle Corporation, SAS Institute Inc., Optum, Inc. (part of UnitedHealth Group), Cerner Corporation, McKesson Corporation, MedeAnalytics, Inc., Inovalon, Inc., Allscripts Healthcare Solutions, Inc., Health Catalyst, Inc., Cotiviti, Inc., Wipro Limited.

Healthcare Analytics Market Segment Analysis

Based on the research, Verified Market Research has segmented the global Healthcare Analytics Market into Component, Deployment, Application, End User and Geography.

Healthcare Analytics Market, by ComponentSoftwareServicesHealthcare Analytics Market, by DeploymentOn-PremiseCloudHealthcare Analytics Market, by ApplicationClinical AnalyticsFinancial AnalyticsOperational AnalyticsPopulation Health AnalyticsHealthcare Analytics Market, by End UserPayersProvidersHealthcare Analytics Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

Browse Related Reports:

Global Healthcare IT Market Size By End-User (Healthcare Providers and Healthcare Payers), By Component (Service, Software, And Hardware), By Product & Services (Healthcare Provider Solutions, Healthcare Analytics), By Geography, And Forecast

Global Computer Assisted Coding Market Size By Product And Service (Software, Services), Application (Automated Computer-Assisted Encoding, Management Reporting And Analytics), Mode of Delivery (Web-Based Solutions, Cloud-Based Solutions), End-User (Hospitals, Physicians), By Geography, And Forecast

Global IT Spending in Healthcare Market Size By Hardware (Servers, Storage Devices, Networking Equipment, Personal Computers & Workstations, Mobile Devices), By Software (Electronic Health Records (EHR) Systems, Practice Management Software, Healthcare Analytics), By Application (Clinical, Administrative, Financial), By Geography, And Forecast

Global Preventive Healthcare Technologies and Services Market Size By Technology Type (Vaccination, Screening and Monitoring Technologies, Predictive Analytics), By Service Type (Wellness and Prevention Programs, Diagnostic and Screening Services, Personalized Medicine Services), By Application (Cancer Screening, Infectious Disease Prevention, Cardiovascular Disease Prevention, Lifestyle Management), By Geography, And Forecast

Leading Lab Analytical Instruments: Embracing the lab of future

Visualize Healthcare Analytics Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/healthcare-analytics-market-is-expected-to-generate-a-revenue-of-usd-18-05-billion-by-2031–globally-at-2-50-cagr-verified-market-research-302285874.html

Continue Reading

Technology

Karma Automotive Announces Eximius, the Bespoke Vehicle Program for Elite Clients Seeking Singular Expressions of Extreme Performance and Bold Craftsmanship

Published

on

By

The First Eximius Creation, “Eximius 1,” is a Menacing Four-Seater Built for the Track which Makes its World Premiere at the 2026 Concours at Wynn Las Vegas

LAS VEGAS, Oct. 31, 2026 /PRNewswire/ — Karma Automotive builds vehicles in the hundreds rather than the thousands, attracting a highly individualistic clientele seeking a unique statement. For those who wish to go further still, and explore new possibilities beyond the extensive options for personalization available through the Studio program, Karma has created the Eximius bespoke vehicle program. Eximius clients may modify the vehicle’s body, performance and powertrain, collaborating with Karma’s design and engineering teams to build a One-of-One statement which will never be repeated.

Karma Eximius clients may modify the vehicle’s body, performance and powertrain to build a One-of-One statement

The first vehicle from Karma Eximius debuts today at the 2026 Concours at Wynn Las Vegas. A menacing four-seater purpose-built for the track, “Eximius 1” is in ongoing development with its commissioning client, who is not revealed at this time. Upon delivery in 2027, “Eximius 1” will be fitted with an extreme-performance Plug-in Series Hybrid utilizing a 6.2 Liter V8 producing nearly 1200hp (550hp ICE, 645hp battery), delivering acceleration from 0-60mph in 2.7 seconds and a top speed in excess of 200mph (estimated). As these parameters would demand, “Eximius 1” will be equipped with carbon-ceramic brakes and two-piece slotted brake rotors, and Ohlins semi-active suspension.

“‘Eximius 1’ began as a conversation with an elite client who loves their Karma Revero, but wanted something more extreme and unexpected, which was music to our ears,” says Marques McCammon, President and Chief Executive, Karma Automotive. “The Eximius program effectively deletes the word ‘no’ from conversations about what’s possible,” he continues, “and as a four-seat track weapon packing what’ll be the most powerful Plug-in Series Hybrid powertrain and vehicle ever developed, ‘Eximius 1’ shatters expectations and further establishes Karma as a manufacturer of exotic, uniquely American vehicles.” 

Exterior Design
“Eximius 1” is an imposing vehicle to behold, exhibiting the muscularity and eyepopping strength of a superhero. Every panel – excluding the body surface outer – is constructed of pre-impregnated carbon fiber, and the vehicle is 50mm wider due to its wheel arch extensions. The front doors and hood have a unique technical fade from glossy, exposed regular carbon fiber to signature Borealis Blue paint.

The front carbon splitter sets an aggressive tone and is flanked by massive side air intakes incorporating Karma’s Target Acquisition Lighting, rotated 45º to create a distinctive ‘><‘ DRL graphic identity. On the hood, the dramatic arc of the Comet Line – which is inspired by Halley’s Comet is it streaks across the evening sky – widens from its apex towards the base of the windshield; vents above the front fenders release air pressure from the wheel housings and add further visual intrigue. Moving to the side of the vehicle, the front fenders aft of the wheels feature Karma’s signature “Backslash” bearing the number “5,” which is of particular significance to the commissioning client. 21″ Magnesium wheels with center-locks reduce rotating and unsprung mass, and are finished in satin black. Aft of the driver’s side front wheel, twin exhaust tips announce the fearsome new powertrain.

The full-width rear GT wing maximizes stability and downforce at high speeds, and continues the distinctive ‘><‘ DRL graphic identity established at the front of “Eximius 1.” The rear fascia also boasts large side air intakes which are connected by a dominant diffuser to manage underbody airflow.

Interior Design
An aura of intensity continues to the interior of “Eximius 1.” In concert with the exterior, blue-tinted carbon-fiber adorns the seats, flat-bottom steering wheel and doors; for aesthetics and weight-savings, all four doors are manufactured in exposed carbon fiber with one purposeful arm pad on each door. The seats, which are Recaro carbon fiber buckets up front, are trimmed with blue Alcantara and blue Italian leather with Moondust Alcantara upper sections, creating an articulated, form-fitted feel. To support high-speed driving and intense braking force, the accelerator, brake pedal and dead pedal are billet machined aluminum.

The instrument panel is reimagined in glossy carbon fiber and incorporates anodized billet aluminum HVAC vents. The carbon fiber center console is simplified to include the essentials only: the PRND gear selector, window switches, key fob holder, and Emergency kill switch. This console extends through to the rear compartment, to which the client’s custom-fitted carbon fiber racing helmet is held in place by a center-latched strap matching the blue seat belts.

About Karma Automotive
Karma Automotive is America’s only full-line ultra-luxury vehicle manufacturer, and a pioneer of Plug-in Series Hybrid vehicles which it manufactures at its Karma Innovation and Customization Center (KICC) in Moreno Valley, CA. Its Executive, Product Development, and Design headquarters are located in nearby Irvine, CA. The Karma portfolio embodies California’s spirit of innovation and entrepreneurial boldness, reflected by the signature Comet Line which is the central hallmark of Karma’s new design language. The Gyesera Grand Coupe, a Plug-in Series Hybrid four-seater, arrives at dealerships in December 2026; and the Amaris GT 2-Door Plug-in Series Hybrid arrives in Q4 2027. The Karma Kaveya Super Coupe, with over 1,000HP and butterfly-doors, will arrive in Q1 2028, to be followed by the Karma Ivara GT-UV: both EVs will incorporate SDVA (Software-Defined Vehicle Architecture) developed with leading technology partners. For more information, visit www.karmaautomotive.com) 

Media Contact:

Joe Richardson, (917) 716-6617
Joe@BeautifulNoisePR.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/karma-automotive-announces-eximius-the-bespoke-vehicle-program-for-elite-clients-seeking-singular-expressions-of-extreme-performance-and-bold-craftsmanship-302925523.html

SOURCE Karma Automotive

Continue Reading

Technology

ModelBest and OpenBMB Open-Source MiniCPM-OCR Series, Delivering High-Performance Document Parsing and AI-Powered Quality Control

Published

on

By

BEIJING, Oct. 31, 2026 /PRNewswire/ — ModelBest and OpenBMB jointly announced the release and open-source availability of the MiniCPM-OCR series, a family of models for efficient document parsing and parsing-quality assessment. The launch includes two models: MiniCPM-OCR 1.0 (1.3B) and MiniCPM-OCR Jev (2B).

As the first OCR-focused model in the MiniCPM family, MiniCPM-OCR 1.0 brings top-tier parsing accuracy to a compact 1.3-billion-parameter architecture optimized for edge deployment, pushing forward the balance between efficiency and performance for open-source OCR models. Built for real-world conditions, it accurately parses scanned, photographed, curved, tilted and screen-captured documents without cumbersome image pre-correction, lowering the barrier to large-scale document digitization.

The model handles dense bilingual Chinese-English content, complex mathematical formulas, and multi-level or borderless tables, consistently performing at a leading level across a broad range of mainstream industry evaluations. Beyond full-page reconstruction, it supports key information extraction (KIE), pulling specified fields from invoices, IDs and financial statements according to business instructions.

Powered by DSpark decoding acceleration, MiniCPM-OCR 1.0 significantly increases end-to-end throughput while lowering per-page latency. For enterprises processing millions of pages—such as financial contract archives, academic libraries and government records—this means processing far more documents with the same hardware and time budget, at a substantially lower computing cost.

To address the long-standing need for page-by-page manual review, ModelBest and OpenBMB also introduced MiniCPM-OCR Jev, the first OCR result decision model that acts as an “AI quality inspector.” Rather than performing OCR itself, Jev compares the source image with OCR output and rapidly assigns confidence scores to text, LaTeX formulas and tables, detecting missing characters, errors and formatting misalignments. Despite its compact 2B-parameter size, Jev delivers judgment accuracy typically associated with far larger models.

Jev supports cross-model deployment and can be integrated into existing OCR workflows without replacing the underlying OCR engine. It can automatically identify reliable results for direct processing, flag potentially inaccurate outputs for human review and select the best result from multiple OCR systems. This enables enterprises to move from full manual inspection toward risk-based, automated quality control.

The MiniCPM-OCR series is available on GitHub, Hugging Face and ModelScope, and supports vLLM, SGLang, llama.cpp and Ollama, along with SDKs, APIs, Agent Skill plugins and open-source fine-tuning code. Day-0 hardware adaptation covers AMD, Arm, Houmo AI, Intel and NVIDIA. Through the FlagOS software stack, it also has Day-0 support for AI and edge chips from CIX Technology, Huawei Ascend, Hygon, Iluvatar CoreX, Kunlunxin, MetaX, Moore Threads, Sunrise, T-Head, TsingMicro, NVIDIA and Apple Mac (Arm).

View original content:https://www.prnewswire.com/news-releases/modelbest-and-openbmb-open-source-minicpm-ocr-series-delivering-high-performance-document-parsing-and-ai-powered-quality-control-302925594.html

SOURCE ModelBest

Continue Reading

Technology

Wulcea Elevates Consumer Trust in Heated Apparel Through Multi-National Safety Certifications and Rigorous Technical Testing

Published

on

By

NEW YORK, Oct. 31, 2026 /PRNewswire/ — As smart heated clothing gains broader adoption, consumers are paying closer attention to the safety and reliability of the technology behind these products. Wulcea, a brand specializing in graphene-powered heated apparel, combines its flexible GrapheneNano™ heating technology with documented safety compliance and durability testing for its heating components and battery systems.

“Trust in smart heated apparel goes beyond warmth—it comes down to confidence in battery safety and heating element reliability,” said John C, Founder of Wulcea. “Our goal is to give users peace of mind through certified technical standards.”

Advanced Graphene Heating Elements Supported by Global Standards

At the core of Wulcea’s thermal architecture is its GrapheneNano™ heating technology. Engineered to eliminate garment stiffness, Wulcea integrates flexible graphene elements that deliver balanced warmth across key upper-body zones while preserving natural garment drape and full freedom of movement.

Wulcea supports its heating components with applicable compliance documentation for major markets. These include CE and FCC compliance documentation addressing relevant electrical and electromagnetic compatibility requirements, as well as PSE compliance for applicable products in Japan. RoHS compliance further addresses restrictions on specified hazardous substances in applicable electrical and electronic components.

Multi-Certified Battery System for Dependable Power

To power its heating elements, Wulcea pairs its heated apparel with rechargeable battery systems designed for convenient everyday use. Featuring a compact design and housed in dedicated interior pockets, the batteries provide portable power while maintaining a streamlined garment profile and comfortable fit.

Wulcea backs its battery options with comprehensive third-party accreditations. UL certification demonstrates that the battery system has been evaluated against recognized power bank safety requirements, covering key areas such as overcharge protection, short-circuit protection, and thermal safety. The battery systems are also supported by applicable CE and FCC compliance documentation, addressing relevant regulatory requirements for electrical and electromagnetic compatibility.

For daily handling and travel, RoHS compliance validates that the battery system meets stringent global standards for material safety. The battery models have also undergone applicable UN 38.3 testing, supporting compliance with international requirements for lithium battery transportation.

Real-World Durability and Practical Usability

Component compliance forms Wulcea’s foundation, but reliability is defined by real-world performance. Built for high-flex endurance, Wulcea’s flexible graphene heating elements are tested through 10,000 active flexing cycles to maintain steady thermal output through repeated bending and everyday body movement.

Everyday convenience is equally essential. Built for hassle-free care, Wulcea’s heating elements withstand 100 machine-wash cycles under standard care guidelines, maintaining internal conductivity and structural stability under repeated laundering.

Integrated NTC temperature sensors provide thermal monitoring and are designed to stop heating if temperatures exceed 131°F (55°C). Combined with runtime of up to 10 hours on the low setting and a discreet interior control button, these features support practical everyday use in cold-weather conditions.

Aligning Technical Standards with Everyday Warmth

By combining graphene-based heating technology with documented battery safety compliance and durability testing, Wulcea continues to focus on the technical foundations of dependable heated apparel. This approach reflects the brand’s emphasis on bringing together safety considerations, practical functionality, and everyday comfort for cold-weather use.

View original content to download multimedia:https://www.prnewswire.com/news-releases/wulcea-elevates-consumer-trust-in-heated-apparel-through-multi-national-safety-certifications-and-rigorous-technical-testing-302925554.html

SOURCE Wulcea

Continue Reading

Trending