Big Data in Healthcare Market to Grow at a CAGR of 20% during 2019-2024
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 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 CAGR of 20% during 2019 - 2024, owing to increasing venture capital
investments and growing demand for data driven decision making. Increasing
adoption of Electronic Health Record, rising healthcare spending and advanced
patients’ outcomes are the few factors driving the growth of big data in
healthcare market. Moreover, increasing focus on collecting and analyzing data
from different platforms to provide better customer experience is promoting the
adoption of big data in healthcare sector. Growing adoption of wearable devices
and mobile health applications coupled with the need to manage huge amount of
critical information is supporting demand for big data in healthcare market. Additionally,
growing pressure to improve patient outcomes and curb healthcare spending is anticipated
to bolster the growth of the market through 2024.
Browse 19 market data Tables and 132 Figures spread
through 150 Pages and an in-depth TOC on "Global Big Data in Healthcare Market"
https://www.techsciresearch.com/report/big-data-in-healthcare-market/4009.html
Global big data
in healthcare market can be segmented based on component, software, deployment,
analytics type, application, end user and region. Based on deployment, the cloud
segment is expected to acquire the dominant share during forecast period as cloud
models can be easily customized based on the needs of the customer and its
several benefits such as low maintenance and efficient utilization of
resources. Moreover, based on the component, the market can be segmented into 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. Based on Software Type, the Electronic health
record software accounted to highest market share of more than 55% in 2018 and
is anticipated to grow at the same phase during forecast years. Practice
management software of big data in healthcare market accounts for the second
largest market share in software type. In terms of analytics type, descriptive
analytics type is expected to grow at the highest rate during the next five
years as it helps in preventing errors made by doctors and help them reduce
risks, improve operations, etc. By application type, financial analytics type
accounted for the highest market share in 2018 and is anticipated to dominate
the big data in healthcare market during the forecasted years.
Based on end
user segment, the finance and insurance agencies are foreseen to attract the
highest market share and be the major users of big data in healthcare market
owing to the awareness and adoption of health insurance penetration across the
globe. Allscripts Healthcare Solutions, Inc., Cerner Corp., Optum, Inc.,
Premier,
Inc., McKesson Corporation, GE Healthcare, Hewlett Packard Enterprise (HPE), International
Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corp., etc.,
are among the leading players operating in global big data in healthcare market.
The companies operating in the market are using organic strategies such as
product launches, mergers and collaborations to boost their share.
Download Sample Report @ http://www.techsciresearch.com/sample-report.aspx?cid=4009
Customers
can also request for 10% free customization on this report.
“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 the US will promote transparency in healthcare and medical
insurance market, which is further anticipated to propel growth of the global
big data in healthcare market 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 Software, 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.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]