The latest report published by IMARC Group, titled “Global Healthcare Big Data Analytics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on global healthcare big data analytics market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global healthcare big data analytics market reached a value of US$ 31.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 71.6 Billion by 2027, exhibiting at a CAGR of 14.1% during 2022-2027. Big data analytics is the process of collecting, analyzing and organizing large volumes of data to discover patterns and other useful information with the help of statistical algorithms and predictive models. The deployment of these analytical solutions aids numerous enterprises and organizations to read pertinent data and identify information, which further assists in making informed business decisions. Consequently, big data analytical solutions find extensive applications across the healthcare sector due to the large volumes of data generated by high-powered computing systems. Their usage offers innovative marketing models, improved revenue opportunities and better operational efficiency while offering enhanced patient care.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
Global Healthcare Big Data Analytics Market Trends:
The global market is majorly driven by the increasing healthcare data volume due to the shifting healthcare reimbursement models. Along with the changing legislative regulations, numerous healthcare management software solutions are increasingly being deployed for maximizing profits, enhancing the quality of life and personalizing patient care. They are also utilizing big data analytical solutions to minimize inefficiency in research and development (R&D), clinical operations and public healthcare infrastructure, which is creating a positive outlook for the market. Moreover, big data analytics aid in predicting the admission rate, which further helps healthcare institutions to allocate resources and manage operational costs beforehand. The market is also driven by the increasing product usage for creating predictive models for lowering attrition and producing a targeted R&D pipeline in drugs and devices. Some of the other factors contributing to the market growth include the growing demand for tracking disease patterns and the increasing investments in improving public health surveillance.
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Healthcare Big Data Analytics Market 2022-2027 and Segmentation:
Competitive Landscape with Key Players:
- Allscripts Healthcare, LLC
- Cerner Corporation
- International Business Machines Corporation (IBM)
- COTIVITI, INC.
- Oracle Corporation
- Health Catalyst
- Inovalon
- Optum, Inc.
- CitiusTech Inc.
- McKesson Corporation
- MEDEANALYTICS, INC.
- SAS Institute Inc.
- SCIO Health Analytics
- Vitreoshealth
- Wipro Limited
- Cognizant Technology Solutions Corporation
- Siemens Healthcare Private Limited
- Hewlett-Packard Inc.
- Koninklijke Philips N.V.
- GE Healthcare.
Market Breakup by Analytics Type :
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
- Cognitive Analytics
Market Breakup by Component:
- Service
- Software
- Hardware
Market Breakup by End-User :
- Hospitals and Clinics
- Finance and Insurance Agencies
- Research Organizations
Market Breakup by Delivery Model:
- On-Premise Delivery Model
- On-Demand Delivery Model
Market Breakup by Application:
- Financial Analytics
- Clinical Analytics
- Operational Analytics
- Others
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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