Big Data in Healthcare Market – Industry Trends and Forecast to 2027

Market Size – USD 19.93 Billion in 2019, Market Growth - CAGR of 19.6%, Market trends – The infiltration of the internet in the Healthcare sector.

The Global Big Data in Healthcare Market size was valued at USD 19.93 Billion in 2019 and is anticipated to reach USD 78.03 Billion by 2027 at a CAGR of 19.6%. The report on the Global Big Data in Healthcare Market is an investigative study that offers insights into the trends and opportunities in the Big Data in Healthcare industry. Additionally, the report sheds light on various industry verticals such as company profiles, competitive landscape, product portfolio, geographical scope, recent developments, market share and size, and revenue analysis, among others. The report also offers an in-depth analysis of the global market, market segmentation, revenue growth estimations, and market scope in the key geographical regions of the world.

The report is updated with the latest market scenario with regards to the coronavirus (COVID-19) pandemic.The report offers a comprehensive overview of the impact of the pandemic on the key segments of the Big Data in Healthcare business sphere. The report covers the changes in market dynamics, trends, and financial disruptions. The study further offers an initial and future assessment of the impact of the pandemic on the world.

To identify the key trends in the industry and read full summary click on the link: https://www.emergenresearch.com/industry-report/big-data-in-healthcare-market

Key Highlights From The Report

In October 2020, Wuhan Run He De Kang (RHDK) and Bianjie partnered to implement a blockchain technology-enabled “Epidemic Early Warning System” to help fight against the Covid-19 virus. Wuhan RHDK is a healthcare-focused Big Data firm established in 2017 to focus on creating advanced medical healthcare and safety risk management system.

The software segment held the largest share due to the growing need for analysis of electronic patient data, which is increasing at a rapid pace. By leveraging the appropriate software tools, big data is propelling the movement toward value-based healthcare, which is opening the door to innovative advancements while reducing the costs.

Uptime is very crucial in the healthcare industry, and they cannot afford to have the system go down, which will propel the demand for the on-premises segment. On-premises storage does not require a wireless internet connection to collect medical data, which makes it less risky.

Predictive analytics helps in estimating the future outcome based on past patterns. This allows clinicians to stay a step ahead and make an informed choice on how to move forward. It is extremely useful in surgery, surgery, intensive care, or emergency care, where a patient’s life might depend on quick reaction time.

North America held the largest market share owing to a rise in advancement in the Internet of Things (IoT) and an increase in demand for analytical models for better service delivery and government policies. Technical advancement has made it easier to collect and analyze information, which is benefitting the healthcare industry in the region.

Key participants include Cerner Corporation, GE Healthcare, IBM Corporation, Allscripts, DELL EMC, Microsoft Corporation, Optum Inc., Oracle Corporation, Cognizant, and Mckesson, among others.

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The research provides answers to the following key questions:

What is the expected market size of the Big Data in Healthcare market for the forecast period 2020 - 2027? What will be the growth rate of the industry during the estimated period?

What are the major driving forces shaping the future of the Big Data in Healthcare industry worldwide?

Who are the major vendors in the industry and what are their strategies to reap more profits and reduce costs?

What are the trends from the past and future that are likely to favor the progress of the Big Data in Healthcare industry worldwide?

What are the major threats and challenges that hinder the development of the industry?

What are the opportunities in store for the business owners operating in the market?  

Component Outlook (Revenue, USD Billion; 2017-2027)

1. Software
2. Services

Deployment Outlook (Revenue, USD Billion; 2017-2027)

1. On-Premises
2. Cloud

Analytics Type Outlook (Revenue, USD Billion; 2017-2027)

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

Application Outlook (Revenue, USD Billion; 2017-2027)

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

End-User Outlook (Revenue, USD Billion; 2017-2027)

1. Hospitals and Clinics
2. Finance and Insurance Agents
3. Research Organization

To identify the key trends in the industry and read full summary click on the link: https://www.emergenresearch.com/industry-report/big-data-in-healthcare-market

Regional Analysis Covers:

1. North America (U.S., Canada)
2. Europe (U.K., Italy, Germany, France, Rest of EU)
3. Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
4. Latin America (Chile, Brazil, Argentina, Rest of Latin America)
5. Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)