Global Big Data Healthcare Market Share Report 2024, Forecast To 2033
15 Feb, 2024
The big data healthcare market has witnessed exponential growth, surging from $23.93 billion in 2023 to $28.98 billion in 2024, registering a robust 21.1% CAGR. This expansion is attributed to the increased adoption of electronic health records, a surge in health data generation, the demand for data-driven insights, a shift towards value-based care, and early adopters' success stories. The trajectory remains robust, forecasting an ascent to $61.91 billion in 2028, maintaining a 20.9% CAGR. Contributing factors include regulatory frameworks, improved healthcare delivery and operational efficiency, global expansion, market penetration initiatives, and the emphasis on value-based care and population health management. Notable trends encompass increasing health data volume, analytics and AI advancements, predictive and preventive healthcare demand, personalized medicine's rise, and the emergence of digital biomarkers and endpoints.
Global Big Data Healthcare Market Key Driver
The adoption of healthcare information systems is a key driver for the growth of the big data healthcare market. Healthcare information systems, which manage healthcare data, are increasingly adopted, with 78% of office-based physicians and 96% of non-federal acute care hospitals in the U.S. having adopted certified Electronic Health Records (EHR). The integration of big data analytics in healthcare information systems aids in cost savings, population health management, and improved patient care, driving the demand for big data solutions in the healthcare sector.
Get A Free Sample Of The Global Big Data Healthcare Market ReportGlobal Big Data Healthcare Market Segments
The big data healthcare market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: On-Premise, Cloud
3) By Analytics Type: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics
4) By Application: Financial Analytics, Clinical Data Analytics, Operational Analytics, Population Health Analytics
5) By End User: Hospitals And Clinics, Finance And Insurance Agents, Research Organization
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the big data healthcare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the big data healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Big Data Healthcare Industry Players
McKesson Corporation; Cognizant; Epic Systems Corporation; Cerner Corporation; Dell Inc.; International Business Machines Corporation; Oracle Corporation; SAP SE; Splunk Inc.; Alteryx Inc.; BigPanda Inc.; Health Catalyst Inc.; Optum Inc.; Koninklijke Philips N. V.; SAS Institute Inc.; Allscripts Healthcare Solutions Inc.; General Electric Company; Hewlett Packard Enterprise Company LP; Microsoft Corporation; Siemens Healthineers; Teradata; Amazon Web Services Inc.; Cloudera Inc.; Hortonworks Inc.; MapR Technologies Inc.; MongoDB Inc.; Palantir Technologies Inc.; QlikTech International AB; Tableau Software Inc.; Talend Inc.; TIBCO Software Inc.
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Big Data Healthcare Market Overview
Big data healthcare refers to big data analytics solutions for the healthcare industry, which helps organizations to make informed decisions and optimize healthcare management by use of big data solutions. Big data analytics allows for examining massive datasets from thousands of patients, identifying clusters and correlations across datasets, and developing predictive models using data mining techniques. In the healthcare market, big data analytics combines research from various fields, including bioinformatics, medical imaging, sensor informatics, medical informatics, and health informatics.
Big Data Healthcare Global Market Report 2023 provides data on the global big data healthcare market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The big data healthcare market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.