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:
Market Breakup by Analytics Type :
Market Breakup by Component:
Market Breakup by End-User :
Market Breakup by Delivery Model:
Market Breakup by Application:
Market Breakup by Region:
Key Highlights of the Report:
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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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