Big Data in Healthcare Market Was Estimated at USD 78.03 bn in 2027 – CAGR to Grow at 19.6% Over the Period (2020 – 2027)
Research Reports
Jan 07, 2021
The big data in the healthcare market is set to attain a valuation of USD 78.03 billion by 2027, registering a CAGR of 19.6%. The applications of big data in healthcare are widespread in several industries including Hospitals and clinics, finance and insurance agents, and research organization.
Market Drivers
The major driving force for the development of big data in the healthcare market is the increasing popularity of Big Data benefits to the healthcare industry. Several government agencies and healthcare are primarily focusing on implementing technology in clinical and healthcare data. Cloud analytics tools are being used by healthcare organizations over on-premises business solutions. Government initiatives and the rise in the popularity of electronic prescriptions also impacting the market positively.
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Regional Analysis
According to the report, North America region is holding the largest share of the big data in the healthcare market. This is due to the increase in advancement in the Internet of Things (IoT) and the rise in demand for analytical models for better quality service delivery and government regulations and policies. Advanced technology has made effortless information collection, which is benefitting the market. The Asia Pacific region is expected to witness high gains in the market, especially in developing economies such as India and China. Increase in the geriatric population has also propelled the market growth. The investment in infrastructure has become the foremost importance for the government in the region, which is affecting positively to the market.
Major Companies and Market Share Analysis
The market for Big Data in Healthcare is fairly fragmented, with numerous small as well as medium-sized manufacturers, which account for a major global share of the market. The manufacturers involved in the market are desegregated across the value chain. The key companies of the market are well-equipped with large manufacturing facilities and are also engaged in various research & development activities.
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Some of the prominent players in the Big Data in the Healthcare industry include:
Cerner Corporation
GE Healthcare
IBM Corporation
Allscripts
DELL EMC
Microsoft Corporation
Optum Inc.
Oracle Corporation
Cognizant
Mckesson
Component Outlook (Revenue, USD Billion; 2017-2027)
Software
Services
Deployment Outlook (Revenue, USD Billion; 2017-2027)
On-Premises
Cloud
Analytics Type Outlook (Revenue, USD Billion; 2017-2027)
Predictive Analytics
Descriptive Analytics
Prescriptive Analytics
Diagnostic Analytics
Application Outlook (Revenue, USD Billion; 2017-2027)
Clinical Analytics
Financial Analytics
Operational Analytics
End-User Outlook (Revenue, USD Billion; 2017-2027)
Hospitals and Clinics
Finance and Insurance Agents
Research Organization
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Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Big Data in Healthcare Market Segmentation & Impact Analysis
4.1. Big Data in Healthcare Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increase in the demand for analytics solutions for population health management
4.2.2.2. Surge in adoption of big data among the end users in healthcare industry
4.2.3. Market restraints analysis
4.2.3.1. Lack of skilled and expert staff
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Big Data in Healthcare Market By Component Insights & Trends Revenue (USD Million)
5.1. Component Dynamics & Market Share, 2019 & 2027
5.1.1. Software
5.1.2. Services
Chapter 6. Big Data in Healthcare Market By Deployment Insights & Trends Revenue (USD Million)
Chapter 7. Big Data in Healthcare Market By Analytics Type Insights & Trends Revenue (USD Million)
Chapter 8. Big Data in Healthcare Market By Application Insights & Trends Revenue (USD Million)
Chapter 9. Big Data in Healthcare Market By End User Insights & Trends Revenue (USD Million)
Chapter 10. Big Data in Healthcare Market Regional Outlook
Continue…
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