The global Big Data in Healthcare Market is forecasted to be worth USD 78.03 Billion by 2027, according to a current analysis by Emergen Research. An increasing cost of healthcare, a rise in chronic diseases, a growing geriatric population, and a fall in reimbursement cost will propel the demand for the market. Healthcare sectors are under immense pressure to focus on investment improving resource and outcomes management. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. Deployment of analytical tools, artificial intelligence, and machine learning techniques on the growing amount of data to enhance revenue, reduce healthcare costs, and personalized medicine, which will propel the demand for the market.
The Global Big Data in Healthcare Market studies the market scenario to offer growth projections for the Big Data in Healthcare industry for the forecast period of 2020-2027. A surge in the adoption of healthcare information systems promoting the usage of electronic health records (EHRs) to build a more collaborative research environment will play an important role in the growth of Big Data in the Healthcare market. Moreover, the presence of unstructured data in the healthcare industry is anticipated to drive big data in the healthcare market.
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Advancement in epigenomics, genomics, proteomics, transcriptomics, pharmacogenomics, and metabolomics, coupled with the digitalization of healthcare systems globally, has led to a generation of a vast amount of medical data in different formats. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline. The growing usage of big data analytics in healthcare provides new opportunities for providing the analytical capability for reducing waste, care, medicines, and research and development.
Top competitors of the Big Data in Healthcare Market profiled in the report are Cerner Corporation, GE Healthcare, IBM Corporation, Allscripts, DELL EMC, Microsoft Corporation, Optum Inc., Oracle Corporation, Cognizant, and Mckesson, among others.
Key Highlights From The Report
- The software segment held the largest share due to the growing need for analysis of electronic patient data, which is increasing at a rapid pace. By leveraging the appropriate software tools, big data is propelling the movement toward value-based healthcare, which is opening the door to innovative advancements while reducing the costs.
- In October 2020, Wuhan Run He De Kang (RHDK) and Bianjie partnered to implement a blockchain technology-enabled "Epidemic Early Warning System" to help fight against the Covid-19 virus. Wuhan RHDK is a healthcare-focused Big Data firm established in 2017 to focus on creating advanced medical healthcare and safety risk management system.
- Uptime is very crucial in the healthcare industry, and they cannot afford to have the system go down, which will propel the demand for the on-premises segment. On-premises storage does not require a wireless internet connection to collect medical data, which makes it less risky.
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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter's Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
For the purpose of this report, Emergen Research has segmented into the global Big Data in Healthcare Market on the basis of component, deployment, analytics type, application, end-user, and region:
- Component Outlook (Revenue, USD Billion; 2017-2027)
- Deployment Outlook (Revenue, USD Billion; 2017-2027)
- 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
Big Data in Healthcare Market Segmentation by Regions:
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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)
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Table of Content
Chapter 1. Methodology & Sources
1.1. Big Data in Healthcare Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Big Data in Healthcare Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
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. Big Data in Healthcare Market indicators analysis
4.2.2. Big Data in Healthcare Market drivers analysis
184.108.40.206. Rapid urbanization and industrialization
220.127.116.11. Stringent government regulations regarding carbon emissions
18.104.22.168. Increasing prevalence of respiratory diseases
22.214.171.124. Rising need to enhance indoor air quality
4.2.3. Big Data in Healthcare Market restraints analysis
126.96.36.199. High cost associated with the maintenance of Big Data in Healthcare products
188.8.131.52. Availability of renewable sources of energy
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
Key Objectives of the Report:
Extensive analysis of the key players of the market by SWOT analysis and Porter's Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Big Data in Healthcare Market
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
Analysis and estimation of the Big Data in Healthcare Market size and share for the projected period of 2020-2027
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Key Questions Addressed in the Report:
Which region is expected to dominate the market in the coming years?
What are the key applications of Big Data in Healthcare Market?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
Who are the leading players in the Big Data in Healthcare Market industry?
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