Global Big Data in Healthcare Market to Grow at Double Digit CAGR through 2024
Increasing demand for
business intelligence to optimize health administration and strategy to drive
global big data in healthcare market through 2024
According
to TechSci Research report, “Global
Big Data in Healthcare Market By Component, By Deployment, By Analytics Type, By
Application, By End User, By Region, Competition, Forecast & Opportunities,
2024”, global big data in
healthcare market is expected to grow at a significant rate during the
forecast period owing to increasing venture capital investments and growing
demand for data driven decision making. Moreover, increasing focus on
collecting and analyzing data from different platforms so as to provide better
customer experience is promoting the adoption of big data in healthcare sector.
Additionally, growing pressure to improve patient outcomes and curb healthcare
spending is anticipated to bolster the growth of the market through 2024.
Global
big data in healthcare market can be segmented based on component, deployment,
analytics type, application, end user and region. On the basis of deployment,
on-premise is expected to acquire the dominant share during forecast period as
on-premise models can be easily customized based on the needs of the customer.
Moreover, based on the component, the market can be segmented into hardware,
software and service. Due to increasing demand for analyzing patient records
and clinical data, the software segment accounted for the largest share in
global big data in healthcare market. In terms of analytics type, prescriptive
type is expected to grow at the highest rate during the next five years due to
as it helps in preventing errors made by doctors while filing the prescription
forms.
Allscripts Healthcare Solutions, Inc., Cerner
Corp., DELL EMC, Epic Systems Corp., GE Healthcare, Hewlett Packard Enterprise
(HPE), International Business Machines Corporation (IBM), Microsoft Corporation,
Oracle Corp., Optum Inc., etc., are among the leading players operating in global
big data in healthcare market. Companies operating in the market are using
organic strategies such as product launches, mergers and collaborations to
boost their share.
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“North America is at the forefront of global big data in healthcare market
and is expected to register significant growth during the forecast period on
account of presence of several leading players and initiatives taken by the
governments in the region. Moreover, affordable care act (ACA) in US promote
transparency in healthcare and medical insurance market, which is anticipated
to propel growth of global big data in healthcare until 2024.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Big Data in Healthcare Market By Component, By
Deployment, By Analytics Type, By Application, By End User, By Region,
Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global big
data in healthcare market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global big data
in healthcare market.
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