Reliable Data You Can Trust
Reliable Data You Can Trust
A recent
report published by Infinium Global Research on big data analytics in
healthcare market provides an in-depth analysis of segments and sub-segments in
the global as well as regional big data analytics in healthcare market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional big data analytics in healthcare market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of global big data analytics in healthcare
market. According to the report, the global big data analytics in healthcare
market is projected to grow at a CAGR of about 13% over the forecast period of
2022-2028.
The revenue of big data analytics in healthcare market in 2022 was over USD 37 billion which is expected to be more than USD 76 billion by 2028 growing with a CAGR of about 13%. Big data analytics are providing lots of benefits to the healthcare sector in various ways such as detecting critical diseases at the initial stage and delivering them with better healthcare services to the right patient at the right time so that it improves the quality of life. Big data analytics tools play a vital role to analyze and integrate a large number of structured, semi-structured, and unstructured vital data rapidly produced by various clinical, hospitals, other social web sources, and medical data lakes. The pace of both digital innovation and technology is shifting the traditional way of data delivery into valuable insights using the big data analytics method. Due to Big Data healthcare, many benefits are being observed such as avoidance of unnecessary deaths, improvement of a better quality of life, effective surveillance of public health, and educated decision-making of policies.
Healthcare
organizations are focused on taking advantage of big data analytics
technologies in order to give the best services to their patients. Civilian
health is important for healthcare organizations in the healthcare industry,
which requires predictive analysis of population health and is expected to
enhance the implementation of big data analytics during the forecasting period
due to which its demand is increasing and also propelling the market growth for
big data analytics in healthcare market. Increasing demand for improvement in
care management, prediction of early illness factors, and hospitalization
process are anticipated to boost the growth of the global big data analytics in
healthcare market in the future. The rising incidents of data loss or
cyber-attacks on stored client data across industries hinder the market
growth. The data needs to be handled with high security. Furthermore, the
rising inclination toward cloud-based analytics solutions in the market is
expected to provide lucrative opportunities for market expansion in the
forecast period.
The COVID-19
outbreak created various challenges across the healthcare analytical industry.
Various healthcare systems observed an unprecedented crisis as the nations
continued to reel under the impact of the COVID-19 waves. Many hospitals
struggled due to the shortage of critical resources such as oxygen, drugs, and
limited medical staff that directly impacted healthcare access and patient
lives. In a few parts of the globe, the countries witnessed countless deaths,
and the economic burden was raised. So the demand for highly advanced technical
tools and inventions in the field healthcare sector propels the market growth
for big data analytics in healthcare market. Data majorly in the healthcare
sector are usually huge and are not easy to handle, due to which the rate at
which data are been produced, and the variety of various data in the healthcare
system contributed to its growth.
Among the
regions, North America holds the largest share in the global big data analytics
in healthcare market. The early adoption of new technologies making it easier
to collect and analyze information is benefiting the healthcare sector to
grow in this region. Moreover, the region has a huge number of patient
information. So in order to easily analyze the data, pharmaceutical companies
have been gathering years of research and development data into medical
databases. However, the Asia Pacific region is anticipated to grow with the
highest rate in the global big data analytics in healthcare market over the
forecast period. The increasing government policies and the growing focus of
health policymakers on developing cost-effective models of healthcare services
for worldwide applications are propelling the growth of big data analytics in
healthcare market in this region.
The report
on global big data analytics in healthcare market covers segments such as
analytics type, component, application, and end user. On the basis of analytics
type, the sub-markets include prescriptive analytics, predictive analytics, and
diagnostic analytics. On the basis of component, the sub-markets include
software, and services. On the basis of application, the sub-markets include
clinical analytics, financial analytics, and operational analytics. On the
basis of end user, the sub-markets include hospitals & clinics, finance
& insurance agencies, and research organizations.
The report
provides profiles of the companies in the market such as Oracle Corporation,
Optum Inc, International Business Machines Corporation, McKesson Corporation,
Salesforce, Inc., Cotiviti Holdings, Inc, Dell EMC, Epic Systems Corporation,
Microsoft Corporation, and Cisco Systems, Inc.
The report
provides deep insights into demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of big data analytics in healthcare market.
Moreover, the study highlights current market trends and provides forecasts from
2022-2028. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings insight into the market share
of the leading players.
Please Choose One of them.