The Business Research Company’s report on the Big Data Healthcare Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the big data healthcare market?
The adoption of healthcare information systems is expected to drive the growth of the big data healthcare market. A healthcare information system refers to a system that manages healthcare data. This comprises the operational administration of a hospital or a system that supports the formulation of healthcare policy, systems that gather, store, manage, and transmit a patient’s electronic medical record (EMR). These electronic records are analyzed using big data in healthcare to save healthcare expenditures and aid in population health management. The examination of healthcare data can then enhance patient care. For instance, in December 2023, according to the Office of the National Coordinator for Health Information Technology, a US-based government agency, between 2020 and 2022, patient portal usage surged, with a 50% increase in the number of patients accessing their portals. By 2022, over half of individuals nationwide reported using an app or patient portal provided by their healthcare provider or insurer to access their health information online, and 64% of patients used these portals to message their providers more frequently. Therefore, the adoption of healthcare information systems will drive the big data healthcare market going forward.
Access Your Free Sample of the Global Big Data Healthcare Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7069&type=smp
How has the big data healthcare market size evolved, and what are the latest forecasts for its expansion?
The big data healthcare market size has grown rapidly in recent years. It will grow from $28.39 billion in 2024 to $34.04 billion in 2025 at a compound annual growth rate (CAGR) of 19.9%. The growth in the historic period can be attributed to increased adoption of electronic health records (EHRs), rise in health data generation, demand for data-driven insights, shift towards value-based care, early adopters and success stories.
The big data healthcare market size is expected to see exponential growth in the next few years. It will grow to $76.1 billion in 2029 at a compound annual growth rate (CAGR) of 22.3%. The growth in the forecast period can be attributed to regulatory frameworks and compliance, improved healthcare delivery and operational efficiency, global expansion and market penetration, value-based care and population health management initiatives. Major trends in the forecast period include increasing health data volume, advancements in analytics and ai, demand for predictive and preventive healthcare, value-based care and population health management, rise of personalized medicine.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=7069&type=smp
Which major companies dominate the big data healthcare market?
Major companies operating in the big data healthcare market include McKesson Corporation, Cognizant, Epic Systems Corporation, Cerner Corporation, Dell Inc., International Business Machines Corporation, Oracle Corporation, SAP SE, Splunk Inc., Alteryx Inc., BigPanda Inc., Health Catalyst Inc., Optum Inc., Koninklijke Philips N. V., SAS Institute Inc., Allscripts Healthcare Solutions Inc., General Electric Company, Hewlett Packard Enterprise Company LP, Microsoft Corporation, Siemens Healthineers, Teradata, Amazon Web Services Inc., Cloudera Inc., Hortonworks Inc., MapR Technologies Inc., MongoDB Inc., Palantir Technologies Inc., QlikTech International AB, Tableau Software Inc., Talend Inc., TIBCO Software Inc.
What trends will shape the future of the bifurcation lesions market?
Technological advancements are a key trend gaining popularity in the big data healthcare market. Many companies operating in big data healthcare are developing new products or technologies to strengthen their position in the market. For instance, in March 2022, Microsoft Corporation, a US-based technology company, launched Azure Health Data Services. It is designed to unify healthcare data management, allowing organizations to upload, store, manage, and analyze healthcare data using open standards like FHIR and DICOM. Azure Health Data Services supports both transactional and analytical workloads from the same data store. This capability allows organizations to leverage advanced analytics and machine learning tools to derive insights from healthcare data, improving patient outcomes and operational efficiencies.
Which region dominates the big data healthcare market, and what factors contribute to its leadership?
North America was the largest region in the big data healthcare market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the big data healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/big-data-healthcare-global-market-report
How is the big data healthcare market segmented, and which segment holds the largest share?
The big data healthcare market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: On-Premise, Cloud
3) By Analytics Type: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics
4) By Application: Financial Analytics, Clinical Data Analytics, Operational Analytics, Population Health Analytics
Subsegments:
1) By Software: Data Analytics Software, Data Management Software, Visualization Tools, Electronic Health Record (EHR) Systems, Clinical Decision Support Systems (CDSS)
2) By Services: Consulting Services, Data Integration Services, Data Security Services, Managed Services, Training And Support Services
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7069
How is the big data healthcare market defined?
Big data healthcare refers to big data analytics solutions for the healthcare industry, which helps organizations to make informed decisions and optimize healthcare management by use of big data solutions. Big data analytics allows for examining massive datasets from thousands of patients, identifying clusters and correlations across datasets, and developing predictive models using data mining techniques. In the healthcare market, big data analytics combines research from various fields, including bioinformatics, medical imaging, sensor informatics, medical informatics, and health informatics.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
