Global Big Data Healthcare Market Trends
The Business Research Company has updated all its market reports with the latest information for the year 2024, projecting trends and forecasts until 2033
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According to The Business Research Company’s Big Data Healthcare, The big data healthcare market size has grown exponentially in recent years. It will grow from $23.93 billion in 2023 to $28.98 billion in 2024 at a compound annual growth rate (CAGR) of 21.1%. 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 $61.91 billion in 2028 at a compound annual growth rate (CAGR) of 20.9%. 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..
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. According to a survey by the American Hospital Association, a US-based health care industry trade group, as of 2021, 78% of office-based physicians and 96% of all non-federal acute care hospitals adopted a certified EHR. Increasing the adoption of healthcare information systems will drive the need for big data in healthcare market growth.
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The Big Data Healthcare Market Covered In This Report Is Segmented –
Big Data Healthcare By Component:
Software
Services
Big Data Healthcare By Deployment:
On-Premise
Cloud
Big Data Healthcare By Analytics Type:
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
Big Data Healthcare By Application:
Financial Analytics
Clinical Data Analytics
Operational Analytics
Population Health Analytics
Big Data Healthcare By End User:
Hospitals And Clinics
Finance And Insurance Agents
Research Organization
Top Key Players:
McKesson Corporation
Cognizant
Epic Systems Corporation
Cerner Corporation
Dell Inc.
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 2021, Health Catalyst Inc., a US-based provider of data and analytics technology and services to healthcare businesses, launched the Healthcare.AI. Healthcare. AI was developed to solve cost, revenue, and quality related concerns in the healthcare industry. The Healthcare.AI suit of augmented intelligence (AI) package of goods and services will increase the applications of AI in healthcare.
The big data healthcare market report table of contents includes:
1. Executive Summary
2. Big Data Healthcare Market Characteristics
3. Big Data Healthcare Market Trends And Strategies
4. Big Data Healthcare Market – Macro Economic Scenario
5. Global Big Data Healthcare Market Size and Growth
…..
31. Global Big Data Healthcare Market Competitive Benchmarking
32. Global Big Data Healthcare Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Big Data Healthcare Market
34. Big Data Healthcare Market Future Outlook and Potential Analysis
35. Appendix
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