Japan's healthcare analytics market to boom as ageing population soars

Better tech adoption will stimulate business growth.

There's no stopping the healthcare analytics market boom. The sector is expected to exceed the $16b mark by 2024, a new study by Global Market Insights revealed.

The growth will be driven by rapid technology adoption in developed regions and growing acceptance of advanced technologies in emerging economies. Promising improvements in healthcare infrastructure, growing disposable income levels and increasing application of these solutions should also boost industry growth.

In particular, healthcare predictive analytics market share is projected to exceed $5b by 2024, driven by the increasing use of predictive analytics in developed countries.

Growth will be most pronounced in the US and Europe, but the Japanese healthcare analytics market is also set to grow at a 12% compound annual growth rate over the next six years. The growth will be supported by the country's ageing population and the need to curtail associated costs.