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Global Healthcare Big Data Analytics Market Report and Forecast 2023-2031
Market Report I 2023-05-06 I 147 Pages I EMR Inc.
Global Healthcare Big Data Analytics Market Report and Forecast 2023-2031
Global Healthcare Big Data Analytics Market Outlook
The global healthcare big data analytics market value was USD 81.8 billion in 2022, driven by the increasing demand for effective healthcare solutions across the globe. The market size is anticipated to grow at a CAGR of 21.7% during the forecast period of 2023-2031 to achieve a value of USD 474.1 billion by 2031.
Healthcare Big Data Analytics Introduction
Healthcare big data analytics refers to the use of advanced analytical tools and methods to collect, process, and analyze large and complex healthcare datasets. These datasets include patient medical records, clinical trial data, insurance claims data, hospital administrative data, and other sources of health-related data. The goal of healthcare big data analytics is to extract valuable insights from these data to improve patient outcomes, reduce healthcare costs, and enhance the overall quality of care.
Healthcare Big Data Analytics Market Scenario
The healthcare big data analytics market is growing rapidly due to the increasing demand for effective healthcare solutions, the proliferation of digital health technologies, and the availability of large amounts of healthcare data. The market includes a wide range of players, including healthcare providers, technology vendors, and analytics service providers. Key application areas of healthcare big data analytics include clinical decision support, population health management, disease surveillance, and quality reporting.
The global healthcare big data analytics market is expected to continue its growth trajectory in the coming years, driven by factors such as the increasing adoption of electronic health records, the growing use of predictive analytics in healthcare, and the emergence of cloud-based analytics solutions. However, challenges such as data privacy and security concerns, a shortage of skilled data analysts, and the high cost of implementing big data analytics solutions are likely to hinder market growth to some extent.
Healthcare Big Data Analytics Market Segmentations
Market Breakup by Analytics type
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
- Cognitive Analytics
- Others
Market Breakup by Component
- Service
- Software
- Electronic Health Record Software
- Practice Management Software
- Workforce Management Software
- Hardware
- Data Storage
- Routers
- Firewalls
- Virtual Private Networks
- E-Mail Servers
Market Breakup by Application
- Financial Analytics
- Clinical Analytics
- Operational Analytics
- Others
Market Breakup by Delivery Model
- On-Demand
- On-Premises
Market Breakup by End User
- Hospitals and Clinics
- Finance and Insurance Agencies
- Research Organizations
Market Breakup by Region
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Trends in the Healthcare Big Data Analytics Market
Some key trends in the market include the following:
- Increasing adoption of electronic health records (EHRs) and other digital health technologies, which generate vast amounts of data for analysis.
- Growing demand for predictive analytics and real-time data insights to improve patient outcomes and reduce healthcare costs.
- Expansion of big data analytics applications beyond traditional clinical settings to areas such as population health management, genomics research, and personalized medicine.
- Integration of artificial intelligence (AI) and machine learning (ML) technologies into healthcare analytics platforms to improve data processing and analysis capabilities.
- Increasing investment in healthcare analytics by governments, private companies, and healthcare organizations to drive innovation and improve the quality of care.
Healthcare Big Data Analytics Breakup: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Allscripts Healthcare, LLC
- Cerner Corporation.
- Health Catalyst.
- MedeAnalytics, Inc.
- Cognizant
- SAS WIPRO LIMITED
- TAKE SOLUTIONS LIMITED
- Exl Service Holdings, Inc.
- McKesson Corporation
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Healthcare Big Data Analytics Market Overview
3.1 Global Healthcare Big Data Analytics Market Historical Value (2016-2022)
3.2 Global Healthcare Big Data Analytics Market Forecast Value (2023-2031)
4 Global Healthcare Big Data Analytics Market Landscape
4.1 Global Healthcare Big Data Analytics Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Healthcare Big Data Analytics Product Landscape
4.2.1 Analysis by Analytics Type
4.2.2 Analysis by Component
4.2.3 Analysis by Applications
4.2.4 Analysis by Delivery Model
4.2.5 Analysis by End User
5 Global Healthcare Big Data Analytics Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter's Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Healthcare Big Data Analytics Market Segmentation
6.1 Global Healthcare Big Data Analytics Market by Analytics Type
6.1.1 Market Overview
6.1.2 Descriptive Analytics
6.1.3 Predictive Analytics
6.1.4 Prescriptive Analytics
6.1.5 Cognitive Analytics
6.1.6 Others
6.2 Global Healthcare Big Data Analytics Market by Component
6.2.1 Market Overview
6.2.2 Service
6.2.3 Software
6.2.3.1 Electronic Health Record Software
6.2.3.2 Practice Management Software
6.2.3.3 Workforce Management Software
6.2.4 Hardware
6.2.4.1 Data Storage
6.2.4.2 Routers
6.2.4.3 Firewalls
6.2.4.4 Virtual Private Networks
6.2.4.5 E-Mail Servers
6.3 Global Healthcare Big Data Analytics Market by Application
6.3.1 Market Overview
6.3.2 Financial Analytics
6.3.3 Clinical Analytics
6.3.4 Operational Analytics
6.3.5 Others
6.4 Global Healthcare Big Data Analytics Market by Delivery Model
6.4.1 Market Overview
6.4.2 On-Demand
6.4.3 On-Premises
6.5 Global Healthcare Big Data Analytics Market by End User
6.5.1 Hospitals and Clinics
6.5.2 Finance and Insurance Agencies
6.5.3 Research Organizations
6.6 Global Healthcare Big Data Analytics Market by Region
6.6.1 Market Overview
6.6.2 North America
6.6.3 Europe
6.6.4 Asia Pacific
6.6.5 Latin America
6.6.6 Middle East and Africa
7 North America Healthcare Big Data Analytics Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Healthcare Big Data Analytics Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Healthcare Big Data Analytics Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Healthcare Big Data Analytics Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Healthcare Big Data Analytics Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Allscripts Healthcare, LLC
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Cerner Corporation.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Health Catalyst.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 MedeAnalytics, Inc.
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Cognizant
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 SAS Institute Inc.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 WIPRO LIMITED
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 TAKE SOLUTIONS LIMITED
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Exl Service Holdings, Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 McKesson Corporation
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
18 Global Healthcare Big Data Analytics Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
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