Press Release

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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