Big Data in Healthcare Market Anticipated to Mark a Memorable Growth of CAGR ~20.69% by 2015-2022
December 07, 2017 --
This report provides in depth study of “Big Data in Healthcare Market 2017 Global Industry Research Report focuses on industry chain structure, market Size, Share, opportunities, future roadmap, industry analysis, industry policy analysis, market Leading player profiles and strategies. This New Report presented by Market Research Future contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Further MRFR asserts that the Market will demonstrate a colossal growth by 2022. The market for Big Data in Healthcare is forecasted to reach at ~$35 billion by 2021, at a striking rate of CAGR; during the forecasted period (2015 – 2022).
Market Research Future published new report, titled “Big Data in Healthcare Market -Research Report: Global Forecast to 2022”.
Profiled in MRFR Analysis some of the Major Players in Global Market of Big Data in Healthcare include Cerner Corporation (U.S.), Cognizant (U.S.), Dell (U.S.), Epic system Corporation (U.S.), GE Healthcare (U.K.), Mckesson (U.S.), and ‘Optum (U.S.)’.
Competition in the Global Big Data in Healthcare Market and are profiled in MRFR Analysis. “Global Big Data in Healthcare Market by Manufacturers, Countries, Type and Application, Forecast to 2022 Report “Provides In-Depth Analysis Of Parent Market Trends, Macro-Economic Indicators And Governing Factors Along With Market Attractiveness As Per Segments.
Global Big Data in Healthcare Market – Key Players
The global healthcare big data market is dominated by big players such as Dell and GE Healthcare. Competition in this market is expected to increase due to partnerships and mergers during the forecast period. High deployment cost and rapid innovations in Big Data analytics are the major barriers for new vendors in the market.
Global Big Data in Healthcare Market - Overview:
Big data refers to the enormous amount of structured as well as unstructured data which help organizations to improve their decision making processes. Healthcare industry is at a stage of rapid change. Advancements in genetics, biomedical, and information technology are ushering towards effective personalized treatments according to the individual characteristics of the patients. Therefore, exploiting these opportunities requires effective use of big data.
Increasing government initiatives, pressure to curb healthcare costs, new technological advancement like mHealth, Internet of Things (IOT) and wearables are major factors driving the growth of the big data in healthcare market. Government initiatives like release of data from the agencies like FDA and CDC are helping in the research activities. These data’s are available publically and helping the researchers to deeply understand the cause of the disease and other causes. Technological advancement talks about the key developments like mHealth, IOT and wearable devices. A study shows that in the US more than 60% of people want wearable devices and more than 30% people want healthcare application to self-monitor their health conditions. Going ahead pressure to curb healthcare costs are also playing very important role in the overall development of big data.
Global Big Data in Healthcare Market - Report Segments
The Big Data Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Components: Comprises Hardware, Software, and Services.
Segmentation by Mode of Deployment: Comprises On premise, web based/cloud based among others.
Segmentation by Application: Comprises Clinical data analytics, financial analytics, operational analytics, and other applications.
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Global Big Data in Healthcare Market – Synopsis
Healthcare industry is at a stage of rapid change. Advancements in genetics, biomedical, and information technology are ushering towards effective personalized treatments according to the individual characteristics of the patients. Therefore, exploiting these opportunities requires effective use of big data.
The market for global big data in healthcare is expected to reach at ~$35 billion by 2021.
The network equipment segment is expected to witness a healthy growth at a sizable CAGR rate over the forecast period, owing to the reinforcement of new network infrastructures in order to offer enhanced security.
The visualization segment emerged as the fastest growing software segment over the forecast period, which is ascribed to the elevating demand for visuals to represent the analyzed data and convey exact interpretation to consumers.
The applications of big data in healthcare are clinical data analytics, financial analytics and operational analytics. Clinical data analytics comprises the quality care, clinical decision support, population health management, precision health and reporting and compliance. The financial analytics application comprises various claims processing, revenue cycle management and risk management of various divisions of healthcare industry. The last application is operational analytics which comprise the workforce analysis and supply chain analysis.
Global Big Data in Healthcare Market – Regional Analysis
Globally, North America is the largest market for big data healthcare; large share of this market is attributed to availability of advanced IT infrastructure, and increasing technological developments. The North American market for big data in healthcare is expected to grow at a considerable rate of CAGR and is expected to grow to a substantial high in terms of economy by the end of the forecasted period.
Europe is the second-largest market for big data in healthcare, which is expected to grow at significant rate of CAGR.
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