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Business ICT

Global Big Data Analytics To Grow At CAGR Of Over 19% By 2032 End

A new report collated by Fact.MR projects the global big data analytics in healthcare market to exhibit a high double-digit CAGR through the forecast period 2017 to 2026. Over US$ 45,000 Mn revenues will be reaped from worldwide sales of big data analytics in the healthcare market by 2026-end.

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Big Data Analytics to Boost Precision Medicine Research

Precision medicine holds potential to shift from the one-size-fits-all approach toward using patient-specific therapeutics by using large amount of data gathered from tools including genomics, mobile biometric sensors, and smartphone apps. Health data is enabling doctors in building predictive models and better patient profiles for more effective anticipation, diagnosis and treatment of various diseases. In addition, partnerships and collaborations between healthcare organizations and researchers have resulted into the development of data pools, which can be used for constructing better personalized healthcare models. Such new capabilities are yet at a nascent phase, and big data capabilities & policies are expected to expand for enabling patient data to constantly inform health research.

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Big Data Analytics to help Healthcare Organizations in Cutting Costs

Several healthcare organizations are already using big data analytics, and majority among these believe big data analytics would save them over 25% in annual costs in the upcoming years. One of the several ways that big data analytics can enable cost reduction is by curtailing the hospital readmission rate. The big data analytics approach is adhered by healthcare organizations while seeking relationships consistent with readmissions, which they could not predict or understand before. Once these relationships are identified, healthcare organizations can set up protocols for dealing with patients and prevent readmission. In addition, big data analytics can enable forecasting operating room demands, optimizing staffing, streamlining patient care, and creating measures for improving pharmaceutical supply chain.

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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.

Market Taxonomy

Region North AmericaLatin AmericaEuropeJapanAPEJMEA
Spender Type Healthcare PayerHealthcare Provider
Tool Type Data Warehouse AnalyticsFinancial AnalyticsProduction ReportingCRM AnalyticsPredictive AnalyticsVisual AnalyticsRisk Management AnalyticsSupply chain AnalyticsTest Analytics
Application Type Access Clinical InformationAccess Operational InformationAccess Transactional DataOther Applications
Deployment Type Cloud-basedOn-premises

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Business News

Worldwide Sales of Data Warehouse Analytics In Healthcare Market Is Estimated At Us$ 39.7 Billion In 2022

intended to offer reliable data on various key factors shaping the growth curve & outlook of Big Data Analytics in Healthcare market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders.

The Market survey of Big Data Analytics in Healthcare offers a comprehensive analysis of diverse features, including production capacities analysis of Big Data Analytics in Healthcare, demand, product developments, revenue generation, and Size of Big Data Analytics in Healthcare Market across the globe.

The Demand analysis of Big Data Analytics in Healthcare Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Big Data Analytics in Healthcare Market across the globe.

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Market Taxonomy

Region North AmericaLatin AmericaEuropeJapanAPEJMEA
Spender Type Healthcare PayerHealthcare Provider
Tool Type Data Warehouse AnalyticsFinancial AnalyticsProduction ReportingCRM AnalyticsPredictive AnalyticsVisual AnalyticsRisk Management AnalyticsSupply chain AnalyticsTest Analytics
Application Type Access Clinical InformationAccess Operational InformationAccess Transactional DataOther Applications
Deployment Type Cloud-basedOn-premises

A comprehensive estimate of the Big Data Analytics in Healthcare market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of Big Data Analytics in Healthcare during the forecast period. Price point comparison by region with the global average price is also considered in the study.

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Some Notable Offerings by Fact.MR Report on Big Data Analytics in Healthcare market:

  • We will provide you an analysis of the extent to which this Big Data Analytics in Healthcare market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
  • We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
  • Also, this report will help you to identify any trends to forecast growth rates.
  • The analyzed report will forecast the general tendency for supply and demand.

Some of the Big Data Analytics in Healthcare Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides: 

  • Details regarding latest innovations and development in Big Data Analytics in Healthcare and how it is gaining customer traction during the forecast period.
  • Analysis about the customer demand of the products and how it is likely to evolve in coming years.
  • Latest regulations enforced by government bodies and local agencies and their impact on Demand of Big Data Analytics in Healthcare Market .
  • Insights about adoption of new technologies and its influence on the Big Data Analytics in Healthcare market Size.
  • Overview of the impact of COVID-19 on Big Data Analytics in Healthcare Market and economic disruptions caused by the pandemic.
  • Evaluates post-pandemic impact on the Sales of Big Data Analytics in Healthcare Market during the forecast period.

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The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Market Insights of Big Data Analytics in Healthcare.

Key stakeholders in Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.

After reading the Market insights of Big Data Analytics in Healthcare Report, readers can:

  • Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
  • Analyze key regions holding significant share of total Big Data Analytics in Healthcare market revenue.
  • Study the growth outlook of Big Data Analytics in Healthcare market scenario, including production, consumption, history and forecast.
  • Learn consumption pattern and impact of each end use & supply side analysis of Big Data Analytics in Healthcare market.
  • Investigate the recent R&D projects performed by each market player & competitive analysis of Big Data Analytics in Healthcare Market Players.

How Fact.MR Assists in Making Strategic Moves For Big Data Analytics in Healthcare Market Manufacturer?

  • The data provided in the Big Data Analytics in Healthcare market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
  • The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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About Fact.MR:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

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