Press release
Big Data Analytics In Healthcare Market Is Expected To Grow At A 19.2% CAGR by 2032
The global big data analytics in healthcare market is expected to be worth US$ 39.7 billion in fiscal year 2022, up from US$ 33.8 billion in fiscal year 2021. From 2022 to 2032, the market is expected to grow at a 19.2% CAGR, reaching a value of US$ 194.7 billion by the end of 2032.Download Free Sample Copy of This Report:
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According to the current situation, the worldwide big data analytics industry accounts for almost 14.2% of the healthcare sector, as per Fact. MR, a market research and competitive intelligence provider.
Big data analytics in healthcare encompasses the use of large and complex heterogeneous dataset which includes but are not limited to several - omics data (pharmacogenomics, transcriptomics, genomics, proteomics, metabolomics, epigenomics, interactomics, diseasomics), biomedical data and electronic health records data.
COVID-19 Impact on Big Data Analytics in Healthcare Market
COVID 19 pandemic left no industry unturned and has impacted their overall sales. In contrast to it, data analytics business, especially for healthcare sector is poised to record significant CAGR value around 19.2% for upcoming decade. This expansion can be attributed through the fact that due to COVID-19 impact, healthcare facilities got multiplied and large amount of unstructured data got piled up.
Therefore, requirement of managing the unorganized data along with the additional need to avoid on-premises contact in medical hospitals, chemist shops, vaccine warehouses and research centres will boost the demand of such technologies in the immediate future.
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Key Benefits for Big Data Analytics In Healthcare Market:
• This study presents the analytical depiction of the global big data analytics in healthcare market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and big data analytics in the healthcare market opportunities.
• The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.
• Porter's five forces analysis illustrates the potency of buyers & suppliers in the global big data analytics in healthcare market.
Competition landscape: Top Companies of Big Data Analytics in Healthcare Market
Fact.MR has provided detailed information about price points of top manufacturers of big data analytics in healthcare positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
• In August 2020, IBM revealed their highly advanced version of microprocessor named as Power10 processor that can handle extensive data managing workload.
• Microsoft, a leading software brand unlocked their health data management power on October 2020, and provides service by name of Microsoft Cloud for Healthcare product.
Similar, recent developments related to companies offering in big data analytics technology have been tracked by the team at Fact.MR, which are available in the full report.
Key Companies Profiled
• · McKesson
• MedeAnalytics
• Verisk Analytics
• Allscripts Healthcare Solutions
• Oracle Corp
• Zephyr Health
• Cisco Systems Inc.
• Infosys
• Swedish Health Services
• SAS Institute
• Alteryx
• SAP SE
Big Data Analytics in Health Care Market Key Segments
• By Spender Type
o Healthcare Payer
o Healthcare Provider
• By Tool Type
o Data Warehouse Analytics
o Financial Analytics
o Production Reporting
o CRM Analytics
o Predictive Analytics
o Visual Analytics
o Risk Management Analytics
o Supply chain Analytics
o Test Analytics
• By Application Type
o Access Clinical Information
o Access Operational Information
o Access Transactional Data
o Other Applications
• By Deployment Type
o Cloud-based
o On-premises
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Questionnaire answered in the Big Data Analytics in Healthcare Market report include:
• How the market for Big Data Analytics in Healthcare has grown?
• What is the present and future outlook of the global Big Data Analytics in Healthcare on the basis of region?
• What are the challenges and opportunities for the Big Data Analytics in Healthcare?
• Why the consumption of Big Data Analytics in Healthcare highest in region?
• In which year segment is expected to overtake segment?
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