Healthcare Analytics Market, By Type (Quality Improvement and Clinical Benchmarking, Comparative Analytics/Comparative Effectiveness, Clinical Decision Support, Revenue Cycle Management, Claims Processing, Payment Integrity and Fraud Analytics, Population Health Management, Precision Health, Reporting and Compliance, Operational and Administrative Analytics, and Disaster Planning), By End User (Small Enterprise, Medium Enterprise, and Large Enterprise), and By Geography (EU, NA, APAC, LATAM, and MEA) Analysis, Size, Share, Trends, & Forecast from 2021-2027
REPORT HIGHLIGHT
The global healthcare analytics market was valued at USD 8.78 billion by 2019, growing with 18.7% CAGR during the forecast period, 2021-2027.
Healthcare data analytics is a branch of analysis that aims in offering insights into hospital management, maintenance of patient records, diagnosis, etc. It can be used at both macro and micro levels. This practice in combination with business intelligence suites and data visualization tools helps the manager by offering better real-time information that supports decisions and the delivery of actionable insights. Besides, this data interpretation also offers better care for high-risk patients with complete patient satisfaction and low human error. Moreover, the adoption and maintenance of Electronic Health Records (EHR) offer growth opportunities in this industry.
Market Dynamics
Government’s initiatives for the adoption of EHR and the increasing venture capital investments are the prime factors that have added thrust to the global healthcare analytics market growth. For instance, Oscar announced $225 Million new funding for affordable health care in June 2020. Factors such as the implementation of big data in the health care industry, the sudden outbreak of COVID-19, and the demand for customized medication and treatment are also responsible for favoring the industrial growth during the next decade.
Furthermore, the shifting emphasis on value-based medicine, adoption of cloud-based information analysis, and increasing research and development activities also aids a positive influence on global healthcare analytics market dynamics. Similarly, in June 2020, AE based Fincasa Capital invested $50 million MediSponser’s integrated healthcare cloud CRM solution with a payment gateway to enhance its business portfolio. On the other hand, the soaring cost of such solutions with the risk of data protection serves to be the obstructing factors hampering overall business growth.
Type Takeaway
Depending upon types, the global business is categorized into quality improvement and clinical benchmarking, comparative analytics/comparative effectiveness, clinical decision support, revenue cycle management, claims processing, payment integrity, and fraud analytics, population health management, precision health, reporting and compliance, operational and administrative analytics, and disaster planning. Of these, the claim processing segment holds the majority of the business share, followed by the payment integrity and fraud analytics.
The growth of the claim processing segment is expected to dominate, owing to the adoption of analysis of data to control the increasing health care costs along with the improvement in patient outcomes. Rising focus on early fraud detection on the key players coupled with the saving of avoidable cost is responsible for influencing the fraud analytics segment in the next decade.
End-User Takeaway
In terms of end-users, the worldwide industry is categorized into small enterprise, medium enterprise, and large enterprise. The large enterprise segment, followed by the medium enterprise, is taking deep dive in this industry that is projected to bring in potential growth and development in the industry, worldwide. Factors including boosting medical management costs and restricting fraudulent claims are anticipated to shoot this segment’s growth to the maximum verge of profits.
Regional Takeaway
Regionally, the overall market is divided into North America, Middle East & Africa, Asia Pacific, Latin America, and Europe. North America dominates the industry, owing to the initiatives taken by the government to curb the growing health maintenance costs. Moreover, the execution of the Health Insurance Portability and Accountability Act of 1996 (HIPAA) regulation in the U.S. also supports the growth of the industry. As, the implementation of HIPAA was done for maintaining efficiency in the healthcare industry, ensuring privacy, and promoting high-quality health care services to the patients.
Growing demand for regulatory requirements, increasing COVID patients, accessibility to better health management software are some of the other factors that positively influence the North America healthcare analytics market potential. Also, the Asia Pacific regions are expected to have steady growth, accounting for the advancement in technology, increasing per capita health protection expenditure, and the availability of EHR platforms.
COVID-19 Impact
The sudden outbreak of COVID has adversely impacted the industry. Traditionally, the industry focused on revenue cycle management, claims processing, etc. But, the current pandemic situation raised the demand for COVID-19 specific solutions based on investigations along with its application in precision medicine; thereby, positively influencing the global healthcare analytics market size.
Thus, developments can be well illustrated with the partnership between Verily Life Sciences, an American healthcare company, and CVS Health in June 2020. The result of this partnership was the introduction of the ‘Healthy at Work’ app that incorporates local, on-site, and mail testing services into a centralized digital rational dashboard. The app also proved beneficial in recording daily symptoms or disease exposure to COVID as shared by the employee on the app.
Key Vendor Takeaway
The leading players of the market include Allscripts Healthcare Solutions, Cerner Corporation, IBM Corporation, McKesson Corporation, MEDai, Inc., MedeAnalytics, Inc., OptumHealth, Oracle Corporation, SAS Institute, Inc., Truven Health Analytics, VeriskAnalytics, Inc.
Companies are actively taking part in development activities including, new product development, entering into strategic agreements, and acquiring small scale industries to attract global clients. Such development includes the partnership of Allscripts Healthcare Solutions and MPA Healthcare Solutions, in September 2018. This partnership offered sophisticated risk-adjustment and clinical investigations to the clients, which delivered a deeper understanding of performance and inform decision-making.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2016 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2021 to 2027
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
HEALTHCARE ANALYTICS MARKET KEY PLAYERS
- Allscripts Healthcare Solutions
- Cerner Corporation
- IBM Corporation
- McKesson Corporation
- MEDai, Inc.
- MedeAnalytics, Inc.
- OptumHealth
- Oracle Corporation
- SAS Institute, Inc.
- Truven Health Analytics
- VeriskAnalytics, Inc.
HEALTHCARE ANALYTICS MARKET, BY TYPE
- Revenue Cycle Management
- Claims Processing
- Payment Integrity and Fraud Analytics
- Quality Improvement and Clinical Benchmarking
- Comparative Analytics/Comparative Effectiveness
- Clinical Decision Support
- Reporting and Compliance
- Operational and Administrative Analytics
- Population Health Management
- Precision Health
- Disaster Planning
HEALTHCARE ANALYTICS MARKET, BY END USER
- Small Enterprise
- Medium Enterprise
- Large Enterprise
HEALTHCARE ANALYTICS MARKET, BY REGION
- North America
- S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. HEALTHCARE ANALYTICS MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Type
2.1.2. Market Snippet by End User
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. HEALTHCARE ANALYTICS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. HEALTHCARE ANALYTICS INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
4.5. COVID-19 Impact Analysis
4.5.1. Pre-COVID-19 Impact Analysis
4.5.2. Post-COVID-19 Impact Analysis
5. HEALTHCARE ANALYTICS MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. HEALTHCARE ANALYTICS MARKET – BY TYPE
6.1. Overview
6.1.1. Segment Share Analysis, By Type, 2020 & 2027 (%)
6.2. Quality Improvement and Clinical Benchmarking
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
6.3. Comparative Analytics/Comparative Effectiveness
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
6.4. Clinical Decision Support
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
6.5. Revenue Cycle Management
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
6.6. Claims Processing
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
6.7. Payment Integrity and Fraud Analytics
6.7.1. Overview
6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
6.8. Population Health Management
6.8.1. Overview
6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
6.9. Precision Health
6.9.1. Overview
6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
6.10. Reporting and Compliance
6.10.1. Overview
6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
6.11. Operational and Administrative Analytics
6.11.1. Overview
6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
6.12. Disaster Planning
6.12.1. Overview
6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
7. HEALTHCARE ANALYTICS MARKET – BY END USER
7.1. Overview
7.1.1. Segment Share Analysis, By End User, 2020 & 2027 (%)
7.2. Small Enterprise
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
7.3. Medium Enterprise
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
7.4. Large Enterprise
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8. HEALTHCARE ANALYTICS MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2020 & 2027 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
8.2.4. North America Market Size and Forecast, By Type, 2016 – 2027 (US$ Million)
8.2.5. North America Market Size and Forecast, By End User, 2016 – 2027 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Type, 2016 – 2027 (US$ Million)
8.3.5. Europe Market Size and Forecast, By End User, 2016 – 2027 (US$ Million)
8.3.6. Germany
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.3.7. Italy
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.3.8. United Kingdom
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.3.9. France
8.3.9.1. Overview
8.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.3.10. Rest of Europe
8.3.10.1. Overview
8.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Type, 2016 – 2027 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By End User, 2016 – 2027 (US$ Million)
8.4.6. India
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.4.7. China
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.4.8. Japan
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.4.9. South Korea
8.4.9.1. Overview
8.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.4.10. Rest of APAC
8.4.10.1. Overview
8.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.5. Latin America
8.5.1. Overview
8.5.2. Key Manufacturers in Latin America
8.5.3. Latin America Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
8.5.4. Latin America Market Size and Forecast, By Type, 2016 – 2027 (US$ Million)
8.5.5. Latin America Market Size and Forecast, By End User, 2016 – 2027 (US$ Million)
8.5.6. Brazil
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.5.7. Mexico
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.5.8. Argentina
8.5.8.1. Overview
8.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.5.9. Rest of LATAM
8.5.9.1. Overview
8.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.6. Middle East and Africa
8.6.1. Overview
8.6.2. Key Manufacturers in Middle East and Africa
8.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 – 2027 (US$ Million)
8.6.4. Middle East and Africa Market Size and Forecast, By Types, 2016 – 2027 (US$ Million)
8.6.5. Middle East and Africa Market Size and Forecast, By End User, 2016 – 2027 (US$ Million)
8.6.6. Saudi Arabia
8.6.6.1. Overview
8.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
8.6.7. United Arab Emirates
8.6.7.1. Overview
8.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. Allscripts Healthcare Solutions
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Types Benchmarking
9.1.4. Strategic Initiatives
9.2. Cerner Corporation
9.3. IBM Corporation
9.4. McKesson Corporation
9.5. MEDai, Inc.
9.6. MedeAnalytics, Inc.
9.7. OptumHealth
9.8. Oracle Corporation
9.9. SAS Institute, Inc.
9.10. Truven Health Analytics
9.11. VeriskAnalytics, Inc.
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Healthcare analytics market: Types Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Types
TABLE Global healthcare analytics market, by Types 2016-2027 (USD Million)
TABLE Healthcare analytics market: End User Snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by End User
TABLE Global healthcare analytics market, by End User 2016-2027 (USD Million)
TABLE Healthcare analytics market: Regional snapshot (2019)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global healthcare analytics market, by Region 2016-2027 (USD Million)
TABLE North America healthcare analytics market, by Country, 2016-2027 (USD Million)
TABLE North America healthcare analytics market, by Types, 2016-2027 (USD Million)
TABLE North America healthcare analytics market, by End User, 2016-2027 (USD Million)
TABLE Europe healthcare analytics market, by Country, 2016-2027 (USD Million)
TABLE Europe healthcare analytics market, by Types, 2016-2027 (USD Million)
TABLE Europe healthcare analytics market, by End User, 2016-2027 (USD Million)
TABLE Asia Pacific healthcare analytics market, by Country, 2016-2027 (USD Million)
TABLE Asia Pacific healthcare analytics market, by Types, 2016-2027 (USD Million)
TABLE Asia Pacific healthcare analytics market, by End User, 2016-2027 (USD Million)
TABLE Latin America healthcare analytics market, by Country, 2016-2027 (USD Million)
TABLE Latin America healthcare analytics market, by Type, 2016-2027 (USD Million)
TABLE Latin America healthcare analytics market, by End User, 2016-2027 (USD Million)
TABLE Middle East and Africa healthcare analytics market, by Country, 2016-2027 (USD Million)
TABLE Middle East and Africa healthcare analytics market, by Type, 2016-2027 (USD Million)
TABLE Middle East and Africa healthcare analytics market, by End User, 2016-2027 (USD Million)
List of Figures
FIGURE Healthcare analytics market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE COVID-19 Impact Analysis
FIGURE Pre & Post COVID-19 Impact Comparision Study
FIGURE Competitive Landscape; Key company market share analysis, 2019
FIGURE Type segment market share analysis, 2020 & 2027
FIGURE Type segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Quality Improvement and Clinical Benchmarking market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Comparative Analytics/Comparative Effectiveness market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Clinical Decision Support market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Revenue Cycle Management market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Claims Processing market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Payment Integrity and Fraud Analytics market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Population Health Management market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Precision Health market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Reporting and Compliance market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Operational and Administrative Analytics market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Disaster Planning market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE End User segment market share analysis, 2020 & 2027
FIGURE End User segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Small Enterprise market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Medium Enterprise market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Large Enterprise market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Regional segment market share analysis, 2020 & 2027
FIGURE Regional segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE North America healthcare analytics market share and leading players, 2019
FIGURE Europe healthcare analytics market share and leading players, 2019
FIGURE Asia Pacific healthcare analytics market share and leading players, 2019
FIGURE Latin America healthcare analytics market share and leading players, 2019
FIGURE Middle East and Africa healthcare analytics market share and leading players, 2019
FIGURE North America market share analysis by country, 2019
FIGURE U.S. healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Canada healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Europe healthcare analytics market share analysis by country, 2019
FIGURE Germany healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Spain healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Italy healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE UK healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE France healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of the Europe healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Asia Pacific healthcare analytics market share analysis by country, 2019
FIGURE India healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE China healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Japan healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE South Korea healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Singapore healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of APAC healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Latin America healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Latin America healthcare analytics market share analysis by country, 2019
FIGURE Brazil healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Mexico healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Argentina healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Rest of LATAM healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Middle East and Africa healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE Middle East and Africa healthcare analytics market share analysis by country, 2019
FIGURE Saudi Arabia healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)
FIGURE United Arab Emirates healthcare analytics market size, forecast and trend analysis, 2016 to 2027 (USD Million)