Monetizing Healthcare Data: Global Market Overview 2024

"The Business Research Company a report, titled, 'Healthcare Data Monetization Global Market Report 2024 - By Type (Direct Data Monetization, Indirect Data Monetization), By Deployment ( On-Premise, Cloud), By End User (Pharmaceutical and Biotechnology Companies, Healthcare Providers, Healthcare Payers, Medical Technology Companies) - Market Size, Trends, And Global Forecast 2024-2033Healthcare Data Monetization Global Market Report 2024 - By Type (Direct Data Monetization, Indirect Data Monetization), By Deployment ( On-Premise, Cloud), By End User (Pharmaceutical and Biotechnology Companies, Healthcare Providers, Healthcare Payers, Medical Technology Companies) - Market Size, Trends, And Global Forecast 2024-2033'. According to the report, The healthcare data monetization market size is expected to see rapid growth in the next few years. It will grow to $1.7 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%.

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Report Coverage & Details:

• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $0.83 billion
• Revenue Forecast In 2033: $1.7 billion
• CAGR: 19.7%

Global Healthcare Data Monetization Market: Segmentation

The healthcare data monetization market covered in this report is segmented -

1) By Type: Direct Data Monetization, Indirect Data Monetization
2) By Deployment: On-Premise, Cloud
3) By End User: Pharmaceutical and Biotechnology Companies, Healthcare Providers, Healthcare Payers, Medical Technology Companies

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Healthcare Data Monetization Market Report: Growth Drivers
The extensive implementation of electronic health records is expected to drive the growth of the healthcare data monetization market in the future. Electronic health records are digital versions of patients' medical histories, encompassing their health conditions, treatments, and medications. EHRs are utilized in healthcare data monetization for purposes such as medical research, drug development, and clinical trials, contributing to improved treatments and personalized medicine. For instance, in June 2023, a survey of 32 companies conducted by Munich Re Group, a German insurance firm, found that around 90% of carriers are currently utilizing EHRs, with adoption increasing by 38% since 2020. Thus, the widespread adoption of electronic health records is fueling the healthcare data monetization market.

Key Developments:

Oracle's Revolutionizing Healthcare With Acquisition Of Cerner
In April 2021, Oracle Corporation, a US-based computer technology company, acquired Cerner for 28.3 billion. This acquisition is expected to transform healthcare delivery by providing medical information systems that promise to lower the administrative workload, improve patient privacy and outcomes, and lower overall healthcare costs. Cerner is a US-based provider of health information technologies, ranging from medical devices to electronic health records (EHR) to hardware.

Top Market Leader Included:

Google LLC, McKesson Corporation, Microsoft Corporation, Siemens AG, Accentur*e Plc, Oracle Corporation, SAP SE, Salesforce Inc., GE Healthcare, Infosys Limited, Cerner Corporation, OpenText Corporation, Epic Systems Corporation, Snowflake Inc., Informatica Inc., TIBCO Software Inc., QlikTech International AB, Innovaccer Inc., Sisense Inc., H1.Co, Infor, SAS Institute Inc., Virtusa Corp., John Snow Labs Inc., HTEC Group

Healthcare Data Monetization Industry: Regional Landscape

North America was the largest region in the healthcare data monetization market in 2023. The regions covered in the healthcare data monetization market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the healthcare data monetization market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

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What Does The Global Healthcare Data Monetization Market Report Include?

1.Introduction
• Overview of the Healthcare Data Monetization Market
• Comprehensive Analysis of Healthcare Data Monetization Market

2. Healthcare Data Monetization Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period

3. Healthcare Data Monetization Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel

4. Competitive Landscape And Company Profiles In The Healthcare Data Monetization Market
• Overview
• Products and Services
• Strategy

5. Healthcare Data Monetization Market Regional And Country Analysis
• By Region
• By Country

6. Market Trends And Opportunities In Healthcare Data Monetization Market
• Technological Advancements
• Emerging Trends

7. Healthcare Data Monetization Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities

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