Big data in healthcare market is anticipated to grow at a significant CAGR of 15.5% during the forecast period. The rise in the number of healthcare facilities adopting big data in healthcare to generate revenues has driven the global market. Moreover, the increasing demand for Electronic Health Records (EHR) and mandatory federal norms are responsible for the increased usage of big data analytics in healthcares. The increasing demands for big data solutions for managing population health and increased demand for business intelligence to optimize healthcare operations and strategy have been contributing to the market expansion.
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In August 2023, A survey conducted by the Healthcare Information and Management Systems Society (HIMSS) and healthcare data analytics company Arcadia about the current state of healthcare analytics platforms demonstrates that less than 60 percent of health systems’ data is used to inform intelligent business decisions, but stakeholders underscore the importance of data access. Every facet of patient care and operational management in the healthcare industry can benefit from the use of data analytics. Its usage can offer better clinical care, enhance illness prevention, and measure the efficacy of various treatment choices.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Big Data in Healthcare Market by Deployment Mode
- On-Premises
- Cloud-Based
Global Big Data in Healthcare Market by Component
- Software
- Services
Global Big Data in Healthcare Market by Application
- Financial Analytics
- Clinical Data Analytics
- Operational Analytics
- Population Health Analytics
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Apixio
- Cognizant Inc.
- DELL EMC
- ExlService Holdings Inc.
- Flatiron Health Inc.
- Google Inc.
- Health catalyst Inc.
- Health Fidelity Inc.
- Innovaccer Inc.
- McKesson Corp.
- Medanalytics
- Merative L.P.
- Microsoft Corp.
- Optum Inc.
- SAS INSTITUTE INC.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global big data in healthcare market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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