Healthcare Big Data Analytics Market To Reach US$ 71.6 Billion by 2027 | CAGR of 14.1%

According to the latest report by IMARC Group, titled "Healthcare Big Data Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global healthcare big data analytics market reached a value of US$ 31.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 71.6 Billion by 2027, exhibiting at a CAGR of 14.1% during 2022-2027. Big data analytics refers to the structured process of collecting and analyzing significant information by adopting digital technologies, such as correlations, hidden patterns, customer preferences, and market trends. This advanced analytics technique supports predictive models and statistical algorithms. Deployment of big data analytics in the healthcare industry offers several benefits, such as improving patient-based services, detecting the early spread of diseases, gaining new insights into disease mechanisms, monitoring the quality of healthcare institutions, and providing better treatment methods.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

Global Healthcare Big Data Analytics Market Trends:

The global market growth is majorly being driven by the increasing need to provide quality medical services. This is further supported by rising healthcare expenditure and widespread adoption of electronic health records (EHR) to effectively allocate resources, manage extensive medical data and maintain operational costs. Additionally, the enhanced focus of healthcare workers toward eliminating the effects of adverse drug events (ADEs) is further contributing to the market growth. Apart from this, big data analytics is increasingly being used amidst the coronavirus disease (COVID-19) outbreak for public health surveillance and disease tracking, which is creating a positive outlook for the market.

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Healthcare Big Data Analytics Market 2022-2027 and Segmentation:

Competitive Landscape with Key Players:

1. Allscripts Healthcare, LLC
2. Cerner Corporation
3. International Business Machines Corporation (IBM)
4. COTIVITI, INC.
5. Oracle Corporation
6. Health Catalyst
7. Inovalon
8. Optum, Inc.
9. CitiusTech Inc.
10. McKesson Corporation
11. MEDEANALYTICS, INC.
12. SAS Institute Inc.
13. SCIO Health Analytics
14. Vitreoshealth
15. Wipro Limited
16. Cognizant Technology Solutions Corporation
17. Siemens Healthcare Private Limited
18. Hewlett-Packard Inc.
19. Koninklijke Philips N.V.
20. GE Healthcare.

Market Breakup by Analytics Type :

1. Descriptive Analytics
2. Predictive Analytics
3. Prescriptive Analytics
4. Cognitive Analytics

Market Breakup by Component:

1. Service
2. Software
3. Hardware

Market Breakup by End-User :

1. Hospitals and Clinics
2. Finance and Insurance Agencies
3. Research Organizations

Market Breakup by Delivery Model:

1. On-Premise Delivery Model
2. On-Demand Delivery Model

Market Breakup by Application:

1. Financial Analytics
2. Clinical Analytics
3. Operational Analytics
4. Others

Market Breakup by Region:

1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. Latin America

Key Highlights of the Report:

1. Market Performance (2016-2021)
2. Market Outlook (2022- 2027)
3. Porter's Five Forces Analysis
4. Market Drivers and Success Factors
5. SWOT Analysis
6. Value Chain
7. Comprehensive Mapping of the Competitive Landscape

NOTE: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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