Healthcare Big Data Analytics Market Trends, Growth and Insights By Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, and Others), Product (Hardware, Software, and Service), Application (Financial Analytics, Clinical Analytics, Operational & Administrative Analytics, Population Health Analytics, and Others), Mode of Delivery (On-Premise Model, Cloud-Based Model), End User (Healthcare Provider, Pharmaceutical Industry, Biotechnology Industry, Academic Organizations, and Others), and Region (Americas, Eu...
ID: MRFR/HCIT/0255-HCR | August 2022 | Region: Global | 80 Pages
Table of Contents
1. REPORT PROLOGUE
2. MARKET INTRODUCTION
2.1. Definition
2.2. Scope of the Study
2.2.1. Research Objective
2.2.2. Assumptions
2.2.3. Limitations
3. RESEARCH METHODOLOGY
3.1. Overview
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
4. MARKET DYNAMICS
4.1. Overview
4.2. Drivers
4.3. Restraints
4.4. Opportunities
5. MARKET FACTOR ANALYSIS
5.1. Porter’s Five Forces Analysis
5.1.1. Bargaining Power of Suppliers
5.1.2. Bargaining Power of Buyers
5.1.3. Threat of New Entrants
5.1.4. Threat of Substitutes
5.1.5. Intensity of Rivalry
5.2. Value Chain Analysis
6. GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET, BY TYPE
6.1. Overview
6.2. Descriptive Analytics
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
6.3. Predictive Analytics
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
6.4. Prescriptive Analytics
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
6.5. Others
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
7. GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET, BY PRODUCT
7.1. Overview
7.2. Hardware
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
7.3. Software
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
7.4. Service
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
8. GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET, BY APPLICATION
8.1. Overview
8.2. Financial Analytics
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
8.3. Clinical Analytics
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
8.4. Operational & Administrative Analytics
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
8.5. Population Health Analytics
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
8.6. Others
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
9. GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET, BY MODE OF DELIVERY
9.1. Overview
9.2. On-Premise Model
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
9.3. Cloud-Based Model
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
10. GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET, BY END USER
10.1. Overview
10.2. Healthcare Provider
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
10.3. Pharmaceutical Industry
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
10.4. Biotechnology Industry
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
10.5. Academic Organizations
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
10.6. Others
Market Estimates & Forecast, by Region, 2020–2027
Market Estimates & Forecast, by Country, 2020–2027
11. GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET, BY REGION
11.1. Overview
11.2. Americas
11.2.1. North America
11.2.1.1. US
11.2.1.2. Canada
11.2.2. Latin America
11.3. Europe
11.3.1. Western Europe
11.3.1.1. Germany
11.3.1.2. France
11.3.1.3. Italy
11.3.1.4. Spain
11.3.1.5. UK
11.3.1.6. Rest of Western Europe
11.3.2. Eastern Europe
11.4. Asia-Pacific
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. Australia
11.4.5. South Korea
11.4.6. Rest of Asia-Pacific
11.5. Middle East & Africa
11.5.1. Middle East
11.5.2. Africa
12. COMPANY LANDSCAPE
12.1.1. Overview
12.1.2. Competitive Analysis
13. COMPANY PROFILES
13.1. Allscripts Healthcare Solutions
13.1.1. Company Overview
13.1.2. Type Overview
13.1.3. Financial Overview
13.1.4. Key Developments
13.1.5. SWOT Analysis
13.1.6. Key Strategies
13.2. Cerner
13.2.1. Company Overview
13.2.2. Type Overview
13.2.3. Financial Overview
13.2.4. Key Developments
13.2.5. SWOT Analysis
13.2.6. Key Strategies
13.3. Cotiviti (Verscend Technologies)
13.3.1. Company Overview
13.3.2. Type Overview
13.3.3. Financial Overview
13.3.4. Key Developments
13.3.5. SWOT Analysis
13.3.6. Key Strategies
13.4. LivaNova PLC
13.4.1. Company Overview
13.4.2. Type Overview
13.4.3. Financial Overview
13.4.4. Key Developments
13.4.5. SWOT Analysis
13.4.6. Key Strategies
13.5. Citiustech
13.5.1. Company Overview
13.5.2. Type Overview
13.5.3. Financial Overview
13.5.4. Key Developments
13.5.5. SWOT Analysis
13.5.6. Key Strategies
13.6. Health Catalyst
13.6.1. Company Overview
13.6.2. Type Overview
13.6.3. Financial Overview
13.6.4. Key Developments
13.6.5. SWOT Analysis
13.6.6. Key Strategies
13.7. IBM
13.7.1. Company Overview
13.7.2. Type Overview
13.7.3. Financial Overview
13.7.4. Key Developments
13.7.5. SWOT Analysis
13.7.6. Key Strategies
13.8. Inovalon
13.8.1. Company Overview
13.8.2. Type Overview
13.8.3. Financial Overview
13.8.4. Key Developments
13.8.5. SWOT Analysis
13.8.6. Key Strategies
13.9. McKesson Corporation
13.9.1. Company Overview
13.9.2. Type Overview
13.9.3. Financial Overview
13.9.4. Key Developments
13.9.5. SWOT Analysis
13.9.6. Key Strategies
13.10. Medeanalytics
13.10.1. Company Overview
13.10.2. Type Overview
13.10.3. Financial Overview
13.10.4. Key Developments
13.10.5. SWOT Analysis
13.10.6. Key Strategies
13.11. Optum
13.11.1. Company Overview
13.11.2. Type Overview
13.11.3. Financial Overview
13.11.4. Key Developments
13.11.5. SWOT Analysis
13.11.6. Key Strategies
13.12. 3M
13.12.1. Company Overview
13.12.2. Type Overview
13.12.3. Financial Overview
13.12.4. Key Developments
13.12.5. SWOT Analysis
13.12.6. Key Strategies
13.13. Oracle
13.13.1. Company Overview
13.13.2. Type Overview
13.13.3. Financial Overview
13.13.4. Key Developments
13.13.5. SWOT Analysis
13.13.6. Key Strategies
13.14. SAS Institute Inc.
13.14.1. Company Overview
13.14.2. Type Overview
13.14.3. Financial Overview
13.14.4. Key Developments
13.14.5. SWOT Analysis
13.14.6. Key Strategies
13.15. SCIO Health Analytics (An EXL Company)
13.15.1. Company Overview
13.15.2. Type Overview
13.15.3. Financial Overview
13.15.4. Key Developments
13.15.5. SWOT Analysis
13.15.6. Key Strategies
13.16. Others
14. APPENDIX
14.1. References
14.2. Related Reports
LIST OF TABLES
TABLE 1 GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET SYNOPSIS, 2020–2027
TABLE 2 GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET ESTIMATES & FORECAST, 2020–2027 (USD MILLION)
TABLE 3 GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET, BY TYPE, 2020–2027 (USD MILLION)
TABLE 4 GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
TABLE 5 GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
TABLE 6 GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)
TABLE 7 GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET, BY REGION, 2020–2027 (USD MILLION)
TABLE 8 NORTH AMERICA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY TYPE, 2020–2027 (USD MILLION)
TABLE 9 NORTH AMERICA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
TABLE 10 NORTH AMERICA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
TABLE 11 NORTH AMERICA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)
TABLE 12 US: HEALTHCARE BIG DATA ANALYTICS MARKET, BY TYPE, 2020–2027 (USD MILLION)
TABLE 13 US: HEALTHCARE BIG DATA ANALYTICS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
TABLE 14 US: HEALTHCARE BIG DATA ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
TABLE 15 US: HEALTHCARE BIG DATA ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)
TABLE 16 CANADA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY TYPE, 2020–2027 (USD MILLION)
TABLE 17 CANADA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
TABLE 18 CANADA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
TABLE 19 CANADA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)
TABLE 20 LATIN AMERICA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY TYPE, 2020–2027 (USD MILLION)
TABLE 21 LATIN AMERICA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
TABLE 22 LATIN AMERICA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
TABLE 23 LATIN AMERICA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)
TABLE 24 EUROPE: HEALTHCARE BIG DATA ANALYTICS MARKET, BY TYPE, 2020–2027 (USD MILLION)
TABLE 25 EUROPE: HEALTHCARE BIG DATA ANALYTICS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
TABLE 26 EUROPE: HEALTHCARE BIG DATA ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
TABLE 27 EUROPE: HEALTHCARE BIG DATA ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)
TABLE 28 WESTERN EUROPE: HEALTHCARE BIG DATA ANALYTICS MARKET, BY TYPE, 2020–2027 (USD MILLION)
TABLE 29 WESTERN EUROPE: HEALTHCARE BIG DATA ANALYTICS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
TABLE 30 WESTERN EUROPE: HEALTHCARE BIG DATA ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
TABLE 31 WESTERN EUROPE: HEALTHCARE BIG DATA ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)
TABLE 32 EASTERN EUROPE: HEALTHCARE BIG DATA ANALYTICS MARKET, BY TYPE, 2020–2027 (USD MILLION)
TABLE 33 EASTERN EUROPE: HEALTHCARE BIG DATA ANALYTICS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
TABLE 34 EASTERN EUROPE: HEALTHCARE BIG DATA ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
TABLE 35 EASTERN EUROPE: HEALTHCARE BIG DATA ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)
TABLE 36 ASIA-PACIFIC: HEALTHCARE BIG DATA ANALYTICS MARKET, BY TYPE, 2020–2027 (USD MILLION)
TABLE 37 ASIA-PACIFIC: HEALTHCARE BIG DATA ANALYTICS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
TABLE 38 ASIA-PACIFIC: HEALTHCARE BIG DATA ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
TABLE 39 ASIA-PACIFIC: HEALTHCARE BIG DATA ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)
TABLE 40 MIDDLE EAST & AFRICA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY TYPE, 2020–2027 (USD MILLION)
TABLE 41 MIDDLE EAST & AFRICA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)
TABLE 42 MIDDLE EAST & AFRICA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
TABLE 43 MIDDLE EAST & AFRICA: HEALTHCARE BIG DATA ANALYTICS MARKET, BY END USER, 2020–2027 (USD MILLION)
LIST OF FIGURES
FIGURE 1 RESEARCH PROCESS
FIGURE 2 MARKET STRUCTURE FOR THE GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET
FIGURE 3 MARKET DYNAMICS FOR THE GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET
FIGURE 4 GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET SHARE, BY TYPE, 2020 (%)
FIGURE 5 GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET SHARE, BY PRODUCT, 2020 (%)
FIGURE 6 GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET SHARE, BY APPLICATION, 2020 (%)
FIGURE 7 GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET SHARE, BY END USER, 2020 (%)
FIGURE 8 GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET SHARE, BY REGION, 2020 (%)
FIGURE 9 AMERICAS: HEALTHCARE BIG DATA ANALYTICS MARKET SHARE BY REGION, 2020 (%)
FIGURE 10 NORTH AMERICA: HEALTHCARE BIG DATA ANALYTICS MARKET SHARE, BY COUNTRY, 2020 (%)
FIGURE 11 EUROPE: HEALTHCARE BIG DATA ANALYTICS MARKET SHARE, BY REGION, 2020 (%)
FIGURE 12 WESTERN EUROPE: HEALTHCARE BIG DATA ANALYTICS MARKET SHARE, BY COUNTRY, 2020 (%)
FIGURE 13 ASIA-PACIFIC: HEALTHCARE BIG DATA ANALYTICS MARKET SHARE, BY COUNTRY, 2020 (%)
FIGURE 14 MIDDLE EAST & AFRICA: HEALTHCARE BIG DATA ANALYTICS MARKET SHARE, BY COUNTRY, 2020 (%)
FIGURE 15 GLOBAL HEALTHCARE BIG DATA ANALYTICS MARKET: COMPANY SHARE ANALYSIS, 2020 (%)
FIGURE 16 ALLSCRIPTS HEALTHCARE SOLUTIONS: KEY FINANCIALS
FIGURE 17 ALLSCRIPTS HEALTHCARE SOLUTIONS: SEGMENTAL REVENUE
FIGURE 18 ALLSCRIPTS HEALTHCARE SOLUTIONS: REGIONAL REVENUE
FIGURE 19 CERNER: KEY FINANCIALS
FIGURE 20 CERNER: SEGMENTAL REVENUE
FIGURE 21 CERNER: REGIONAL REVENUE
FIGURE 22 COTIVITI (VERSCEND TECHNOLOGIES): KEY FINANCIALS
FIGURE 23 COTIVITI (VERSCEND TECHNOLOGIES): SEGMENTAL REVENUE
FIGURE 24 COTIVITI (VERSCEND TECHNOLOGIES): REGIONAL REVENUE
FIGURE 25 CITIUSTECH: KEY FINANCIALS
FIGURE 26 CITIUSTECH: SEGMENTAL REVENUE
FIGURE 27 CITIUSTECH: REGIONAL REVENUE
FIGURE 28 HEALTH CATALYST: KEY FINANCIALS
FIGURE 29 HEALTH CATALYST: SEGMENTAL REVENUE
FIGURE 30 HEALTH CATALYST: REGIONAL REVENUE
FIGURE 31 IBM: KEY FINANCIALS
FIGURE 32 IBM: SEGMENTAL REVENUE
FIGURE 33 IBM: REGIONAL REVENUE
FIGURE 34 INOVALON.: KEY FINANCIALS
FIGURE 35 INOVALON.: SEGMENTAL REVENUE
FIGURE 36 INOVALON.: REGIONAL REVENUE
FIGURE 37 MCKESSON CORPORATION: KEY FINANCIALS
FIGURE 38 MCKESSON CORPORATION: SEGMENTAL REVENUE
FIGURE 39 MCKESSON CORPORATION: REGIONAL REVENUE
FIGURE 40 MEDEANALYTICS: KEY FINANCIALS
FIGURE 41 MEDEANALYTICS: SEGMENTAL REVENUE
FIGURE 42 MEDEANALYTICS: REGIONAL REVENUE
FIGURE 43 OPTUM: KEY FINANCIALS
FIGURE 44 OPTUM.: SEGMENTAL REVENUE
FIGURE 45 OPTUM: REGIONAL REVENUE
FIGURE 46 3M: KEY FINANCIALS
FIGURE 47 3M: SEGMENTAL REVENUE
FIGURE 48 3M: REGIONAL REVENUE
FIGURE 49 ORACLE: KEY FINANCIALS
FIGURE 50 ORACLE: SEGMENTAL REVENUE
FIGURE 51 ORACLE: REGIONAL REVENUE
FIGURE 52 SAS INSTITUTE INC.: KEY FINANCIALS
FIGURE 53 SAS INSTITUTE INC.: SEGMENTAL REVENUE
FIGURE 54 SAS INSTITUTE INC.: REGIONAL REVENUE
FIGURE 55 SCIO HEALTH ANALYTICS (AN EXL COMPANY): KEY FINANCIALS
FIGURE 56 SCIO HEALTH ANALYTICS (AN EXL COMPANY): SEGMENTAL REVENUE
FIGURE 57 SCIO HEALTH ANALYTICS (AN EXL COMPANY): REGIONAL REVENUE
Healthcare Big Data Analytics Market
healthcare big data analytics market is expected to grow USD 789.40 billion at a CAGR 24.26% during the forecast 2030.
$7,89.40 billion
Market Size
24.26%
CAGR
North America
Dominating Region
2022-2030
Forecast Period
Segmentation
Key Players
- Allscripts Healthcare Solutions
- Cerner
- Cotiviti (Verscend Technologies)
- Citiustech
- Health Catalyst
- IBM
- Inovalon
- McKesson Corporation
- Medeanalytics
- Optum
- 3M
- Oracle
- SAS Institute Inc
- and SCIO Health Analytics (An EXL Company)
Drivers
- The increasing adoption of electronic health record (EHR) and electronic medical record (EMR) in healthcare
- Rising investments in the healthcare IT sector
Healthcare Big Data Analytics Market Overview
With a 24.26 percent CAGR, the healthcare big data analytics industry is expected to be valued at USD 7,89.40 billion by 2030. Big data analytics in healthcare is the difficult process of analyzing large amounts of data to identify unknown correlations, hidden patterns, market trends, and customer preferences that can assist companies in making educated clinical and business decisions. The use of electronic health records (EHR), the healthcare IT sector, and a rise in government initiatives are reshaping the healthcare big data analytics market. Factors driving expansion include a rise in diversity and the volume of healthcare data.
Population health management necessitates the integration of clinical and claims data on the same platform for data analysis, resulting in complete patient care with cost-effective pharmaceutical practices. In the future, worldwide big data analytics in the healthcare market is expected to develop due to an increase in demand for improved care management, prediction of early illness factors, and hospitalization procedure. Currently, healthcare organizations ranging from single-physician practices and multi-provider groups to huge hospital networks are increasingly embracing big data analytics. Due to the several benefits of this service, which include efficiently detecting healthcare fraud and assessing clinical trials and patient records.
Covid 19 Analysis
The sudden outbreak of the Covid19 analysis has been a tremendous burden to the healthcare analytical industry. The pandemic situation has contributed towards the adoption rate of the analytical solution by the key team players. For instance, Verily and CVS Health has launched the app in 2020, June and it incorporates local, mail testing and the app attempts to record the exposure of the Covid 19 situation for the employees. Therefore, the utility of advanced analytics and hybrid computing has levelled the incidence rate of chronic disease. Further, the analytical solution has been widely utilized those revenues the cyclic management of the programs with population management health programs in the Healthcare analytical market.
Healthcare Big Data Analytics Market Dynamics
- Drivers
The key marketing driving factor enacts to be an important segment and it details that the increase in the adoption of the electronic health analytical record as well as the electronic medical analytical record in the healthcare big data analytics market. Apart from that, the rise in investment along with the rise in the healthcare sector has been visualized under the IT sector.
- Opportunities
In this section, the key market opportunity states the inability of skilled in-house resources and it details the technical complexity of the market. It also details the complexity involved that has the authority to hamper the growth of the market. This escalates the importance of the market growth of the healthcare analytical market.
- Challenges
One of the most challenging factors that arose the entire healthcare analytical market tends the component insights and it mainly includes the segment that has been dominated. Further, deploy analytics has been outsourcing the services and that led to the complexities of the analytical changes in the healthcare sector. In this situation, this market had a tremendous load of work and that demands the surging of the solutions of the infrastructure.
- Restraints
With practical reference to the market analysis, the entire pricing the important solutions for details the process and the controls. Therefore, it is considered to be in a high position with suitable management as well as it states that the other systems have been within the better supply chain management.
Healthcare Big Data Analytics Market Cumulative Analysis
Hence, various drivers such as an increase in the demand for healthcare analytics throughout the world. The diverse usage and its production of other products have a positive impact on the growth of the market.
Value Chain Analysis
An increase in the emphasis on using electronic records for a basic impact on the market positively. Also, the further growth of the initiatives by the government for the development and research has improved the value chain of the healthcare big data analytics market in the forthcoming years.
Healthcare Big Data Analytics Market Segmentation
According to the market segmentation, the healthcare big data analytics market has been segmented under the basis of the type, mode of delivery, application, end-user, and regional analysis. Further, the big data analytical approach has been based on predictive analysis, descriptive analytics, and the entire analysis is done accordingly. This clearly states that the segmentation based on product depicts the importance of the software, device, and hardware. Apart from that, based on application, it states that the market has been categorized under financial analytics, operational analytics, and administrative analytics as well. This clearly portrays the importance of the population health analysis, which mainly denotes the segmentation thoroughly. Further, based on application, it clearly states the importance of the categorization and that includes financial analytics, operational analytics, administrative analytics, and clinical analytics for the better management of the access. On the mode of delivery, the healthcare big data analytics market has been based on delivery, the market has been segmented into the cloud-based model and the on-premise model facility. This portrays the importance of the market dynamics and the entire segmentation accordingly. Thus, based on end-user, the market tends to be classified under financial analytics, administrative analytics, operational analytics, and population health analytics. This clearly states the current scope of the entire study and based on the four global regions, it is classified under Europe, North America, Asia-Pacific, and other regions as well.
Healthcare Big Data Analytics Market Regional Analysis
The global healthcare big data analytics market states the share of the regional analysis of the market based on the four basic regions. Therefore, the market share and its analysis have been centralized that depicts that America has been dominated by the global market share and it owns to the rising adoption of big data analytics. On the other hand, the analytics solution has been based upon the data-driven, and its increase in the healthcare expenditure details the importance of the well-established healthcare faculty in this organization. Apart from that, Europe stood in the second position and its increase in the adoption of the healthcare insurance for the data management along with the growing investment in this particular healthcare industry. Asia-Pacific has expected to make the witness the fastest growth within the market throughout the forecast period. The middle east and Africa tend to be expected to hold the position at the least share of the data analytics market.
Healthcare Big Data Analytics Market Competitive Landscape
The key players have managed to play a crucial role in the better upliftment of the market. This mainly includes mergers, acquisitions, and new ventures for better collaboration of the data analytics market.
Some of the major key players include to be:
- Allscripts Healthcare solution
- Cerner Corporation
- Health Analyst
- Epic System Corporation
- IBM Corporation
- McKesson Corporation
- Mede Analytics
- SAS Institute INC\
- Verscend technologies
- Tableau Software
Recent Development
- Mar 2022 Verana Health, a digital health firm that provides medical practice insights and excellent medication lifecycle via an exclusive real-world data network, announced the launch of QdataTM Glaucoma. Qdata Glaucoma is the first and only data module that reflects a complete, real-world glaucoma patient path, allowing for faster quality insights. More than 5 million de-identified patients are included in the fit-for-purpose data module, ranging from suspect diagnosis to treatment and outcomes. Verana Health employs a unique team of clinicians, data scientists, and research design professionals that collaborate to assure accuracy while acknowledging some limitations in real-world big data.
- Mar 2022 UpStream Healthcare, based in Greensboro, has developed a technological platform based on data analytics to determine who is living with what ailment, how severe it may be, what gaps in care exist, and how to fix those gaps. UpStream can use these insights to take action through drug optimization, illness management, and care coordination tools.
Healthcare Big Data Analytics Market Report Overview
This report mainly includes all the details and it tends to initialize growth along with the better efficiency of the companies with particular management. It states that the driving factors have been interrupted due to the covid 19 situation. The entire analysis is based upon the Covid 19 analysis, regional analysis, market overview, segmentation analysis, market dynamics and it mainly includes the challenges, opportunities, restraints, and drivers. Further, the competitive landscape and the other sections are been presented. Hence, all of the information, that has been collected is from the primary as well as the secondary sources.
By Geographically
- North America
- Europe
- Asia
- Another region of the world
Segmentation
By Type
- Descriptive Analytics
- Predictive Analytics
- Others
By Product
- Software
- Hardware
- Service
By Application
- Financial Analytics
- Population Health Analytics
- Clinical Analytics
- Operational & Administrative Analytics
- Others
By Mode of Delivery
- Cloud-based model
- On-Premise Model
By End-User
- Pharmaceutical Industry
- Biotechnology Industry
- Academic Organization
- Healthcare Provider
- Others
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2030: USD 7,89.40 Billion |
| CAGR | 24.26% (2020-2030) |
| Base Year | 2019 |
| Forecast Period | 2020-2030 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Product, Application, Mode of Deliver, End User and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Allscripts Healthcare Solutions, Cerner, Cotiviti (Verscend Technologies), Citiustech, Health Catalyst, IBM, Inovalon, McKesson Corporation, Medeanalytics, Optum, 3M, Oracle, SAS Institute Inc., and SCIO Health Analytics (An EXL Company) |
| Key Market Opportunities | A lack of skilled in-house resources and technical complexity involved in the process can hamper market growth |
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
The global healthcare big data analytics market is predicted to touch USD 7,89.40 billion by 2030.
The healthcare big data analytics market is predicted to grow at an 24.26% CAGR between 2020-2030.
The Americas is predicted to have lions share in the healthcare big data analytics market during the forecast period.
Increasing use of EHR and EMR in healthcare, increasing government initiatives, and increasing investments in healthcare IT sector are boosting market growth.
Technical complexity and scarcity of skilled in-house resources may hamper market growth.
