The global healthcare big data analytics market was worth US$ 19.6 Billion in 2018. Looking forward, the market is projected to reach a value of US$ 47.7 Billion by 2024, registering a CAGR of around 16% during 2019-2024.
At present, various healthcare organizations ranging from multi-provider groups and single-physician offices to large hospital networks are increasingly adopting big data analytics. This rise can be attributed to the multiple advantages of this service which include detecting healthcare fraud quickly and efficiently, and analyzing clinical trials and patient records.
In the coming years, the existing healthcare data volume is expected to grow significantly owing to the rapid change in healthcare reimbursement models. Owing to this, organizations in the industry are leveraging big data analytics to reduce inefficiency in clinical operations, research and development, and public healthcare.
In clinical activities, these solutions help in conducting comparative effectiveness research for defining more cost-effective and clinically relevant ways for diagnosing and treating patients. Similarly, in research and development, big data analytics enables operators to create predictive models for lowering attrition and producing more targeted R&D pipeline in drugs and devices.
Moreover, big data analytics helps in analyzing and tracking disease patterns, outbreaks and transmission for improving public health surveillance. Such benefits and advantages are currently driving the demand for big data analytics market in the healthcare industry.
Key Questions Answered in This Report
How has the global healthcare big data analytics market performed so far and how will it perform in the coming years?
What are the key regional markets in the global healthcare big data analytics industry?
What is the breakup of the market based on the component?
What is the breakup of the market based on the analytics type?
What is the breakup of the market based on the delivery model?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global big data analytics in healthcare industry?
What are the key driving factors and challenges in the global big data analytics in healthcare industry?
What is the structure of the global big data analytics in healthcare industry and who are the key players?
What is the degree of competition in the global big data analytics in healthcare industry?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4 Introduction 4.1 Overview 4.2 Key Industry Trends
5 Global Healthcare Big Data Analytics Market 5.1 Market Overview 5.2 Market Performance 5.3 Market Breakup by Component 5.4 Market Breakup by Analytics Type 5.5 Market Breakup by Delivery Model 5.6 Market Breakup by Application 5.7 Market Breakup by End-user 5.8 Market Breakup by Region 5.9 Market Forecast
6 Market Breakup by Component 6.1 Service 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Software 6.2.1 Market Trends 6.2.2 Major Types 18.104.22.168 Electronic Health Record Software 22.214.171.124 Practice Management Software 126.96.36.199 Workforce Management Software 6.2.3 Market Forecast 6.3 Hardware 6.3.1 Market Trends 6.3.2 Major Types 188.8.131.52 Data Storage 184.108.40.206 Routers 220.127.116.11 Firewalls 18.104.22.168 Virtual Private Networks 22.214.171.124 E-Mail Servers 126.96.36.199 Others 6.3.3 Market Forecast
7 Market Breakup by Analytics Type 7.1 Descriptive Analytics 7.2 Predictive Analytics 7.3 Prescriptive Analytics 7.4 Cognitive Analytics
8 Market Breakup by Delivery Model 8.1 On-Premise Delivery Model 8.2 On-Demand Delivery Model