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)
- Software
- Services
Deployment
Outlook (Revenue, USD Billion; 2017-2027)
- On-Premises
- Cloud
Analytics
Type Outlook (Revenue, USD Billion; 2017-2027)
- Predictive Analytics
- Descriptive Analytics
- Prescriptive Analytics
- Diagnostic Analytics
Application
Outlook (Revenue, USD Billion; 2017-2027)
- Clinical Analytics
- Financial Analytics
- Operational Analytics
End-User
Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals and Clinics
- Finance and Insurance Agents
- 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:
- North
America (U.S., Canada)
- Europe (U.K.,
Italy, Germany, France, Rest of EU)
- Asia
Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest
of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
