The global big data analytics in healthcare market is estimated at US$ 39.7 billion in 2022. Data as a technology has been adopted by healthcare industry stakeholders rapidly and is being monetized, which is slated to push the global big data analytics in healthcare market to grow at CAGR of over 19%, and register total market value of US$ 194.7 billion by 2032 end
In accordance with the present scenario, big data analytics in healthcare accounts for ~14.2% of the global big data analytics market states Fact.MR – market research and competitive intelligence provider.
Big data analytics in healthcare encompasses the use of large and complex heterogeneous dataset which includes but are not limited to several – omics data (pharmacogenomics, transcriptomics, genomics, proteomics, metabolomics, epigenomics, interactomics, diseasomics), biomedical data and electronic health records data.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Cloud-based Data Analytics in Healthcare market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Cloud-based Data Analytics in Healthcare
This newly published and insightful report sheds light on Market Insights of Cloud-based Data Analytics in Healthcare, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Cloud-based Data Analytics in Healthcare Market.
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Big Data Analytics in Healthcare Market Scope Of The Market
Growth of the global big data analytics in healthcare market is anticipated to remain influenced by a slew of factors including surging government initiatives for increasing EHR adoption, rising pressure to curtail healthcare costs, soaring availability of big data in healthcare, growing venture capital investments, increasing focus to improve patient outcomes, and soaring technological advancements.
This Fact.MR report analyzes the expansion of global big data analytics in healthcare market till date, and provides key insights on the growth of the market during the forecast period, 2017-2022.
The scope of Fact.MR’s report is to analyze the global big data analytics in healthcare market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis.
Medical device manufacturers, research institutes, and raw material suppliers in the global big data analytics in healthcare market can benefit from the analysis offered in this report.
This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to big data analytics in healthcare.
The report commences with a brief information of the global big data analytics in healthcare market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global big data analytics in healthcare market.
The next section offers an overview of the global big data analytics in healthcare market. This comprises an introduction to the market, along with a standard definition of the product – big data analytics in healthcare.
In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives.
Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global big data analytics in healthcare market, the report provides updates about market opportunities, which can benefit leading manufacturers of big data analytics in healthcare.
With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for big data analytics in healthcare manufacturers to formulate key business strategies.
Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.
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6 Key Takeaways from Fact.MR’s Report on Big Data Analytics in Healthcare Market
- Asia-Pacific excluding Japan (APEJ) is anticipated to remain the fast-expanding as well as the most remunerative market for big data analytics in healthcare. North America and Europe will also remain lucrative regions for expansion of the market, with revenues projected to increase at an approximately equal CAGR through 2026. The markets in Latin America and Japan will reflect a relatively higher CAGR than those in North America and Europe, although accounting for relatively lower revenues during the forecast period.
- Healthcare provider is expected to remain the dominant spender in the global big data analytics in healthcare market. However, revenues from healthcare payer will increase at a significantly higher CAGR than those from healthcare provider during 2017 to 2026.
- CRM analytics is expected to remain preferred among tools for big data analytics in healthcare, followed by financial analytics and production reporting. Sales of visual analytics will exhibit the fastest expansion through 2026, based on tool type.
- Access operational information is anticipated to remain the largest application of big data analytics in healthcare, in terms of revenues.
- Although on-premises deployment will remain sought-after in the market, sales of cloud-based deployment will register a relatively faster expansion through 2026.
- In this highly competitive market, healthcare settings are expected to be the highest gainers. In current market scenario, vendors are increasingly competing to outdo the others, and focusing more on offering innovative healthcare services. Key companies profiled by Fact.MR’s report include Denodo Technologies Inc., Alteryx, SAP SE, SAS Instiute, Infosys, Cisco Systems Inc., Zephyr Health, Cerner Corp, Oracle Corp, MEDai’s Health, McKesson, Microsoft Corp, and OptumHealth Care Solutions.
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More Valuable Insights on Cloud-based Data Analytics in Healthcare Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Cloud-based Data Analytics in Healthcare, Sales and Demand of Cloud-based Data Analytics in Healthcare, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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