Top Companies in the Asia Pacific Healthcare Big Data Analytics Market

IBM, Veradigm LLC, Oracle, Wipro, Infosys Limited, Merative, Inovalon, IQVIA Inc, Google, Tata Consultancy Limited, Cognizant, and Health Catalyst are leading the Asia Pacific healthcare big data analytics market.

The Asia Pacific healthcare big data analytics market was valued at USD 3.81 billion in 2023. The market is expected to grow at a CAGR of 22.34% during the forecast period of 2024-2032, with the values likely to reach USD 23.41 billion by 2032. The market growth can be driven by the increasing healthcare needs and rising investments in big data analytics in the region.

In the field of healthcare, big data refers to extensive data collections containing structured and unstructured data that are examined to uncover insights, patterns, and trends. It is defined by its volume, velocity, and variety, involving various types of data such as text, images, and videos. Health data includes data gathered from numerous sources such as EHRs, EMRs, and wearable devices. It can help in decision-making, enhance patient outcomes, and decrease expenses. By monitoring care quality, assisting with clinical decisions, and identifying risk factors for medical conditions, it provides advantages to patients, professionals, facilities, and systems. Healthcare data experts use big data to improve patient care and create sophisticated machine-learning algorithms for diagnosing medical conditions with the help of analytics, pattern recognition, and decision-making support.

The market is influenced by several trends that are transforming the landscape significantly. Venture capital firms and government initiatives in the Asia Pacific region are increasing investments in big data analytics technologies which is further boosting the growth of the market. In October 2023, TCS was recognized as a Leader in Everest Group's PEAK Matrix® for Healthcare Data and Analytics Services. TCS has developed TCS Healthcare Analytics, TCS Health 360, and TCS Data Integrator, as well as tools and models for healthcare data analysis. These funding supports innovative technology development and healthcare analytics startups which is driving the market expansion. Additionally, the Asia Pacific healthcare market is experiencing growth due to the rising adoption of AI and machine learning in analyzing big data, leading to improved data analysis and prediction of patient outcomes.

Let’s explore the profile of top companies leading the Asia Pacific healthcare big data analytics market in 2024.

1.    IBM

IBM, a global technology corporation, provides databases for different workloads across all cloud platforms. Their portfolio consists of relational and NoSQL databases designed for maximum performance and cost-effectiveness.

2.    Veradigm LLC

Veradigm is a US-based company that provides healthcare providers with integrated data systems and services to enhance healthcare delivery through data-driven insights, practice management, and EHR technology.

3.    Oracle

Oracle Corporation is a US-based multinational computer technology company that offers database software, cloud computing, and a range of enterprise software products such as ERP, HCM, CRM, EPM, CX Commerce, and SCM software.

4.    Wipro

Wipro Limited is a leading technology service and consulting firm that provides creative solutions for clients' digital transformation requirements through consulting, design, engineering, and operational expertise.

5.    Infosys Limited

Infosys Limited, an IT company based in India, provides consulting, technology, and outsourcing services on a global scale. It focuses on digital services and consulting to assist healthcare companies in reaching their goals through AI-driven data analysis.

6.    Merative

Merative is a healthcare industry collaborator that focuses on data analytics and technology to enhance decision-making and performance. They utilize advanced technologies such as Health Insights and MarketScan  to provide all-encompassing solutions.

7.    Inovalon

Inovalon is a healthcare provider and cloud-based data analytics platform, providing solutions in quality measurement, clinical data extraction, risk analytics, patient assessments, and other services. The Inovalon ONE Platform supports more than 100 Software as a Service (SaaS) solutions driven by data, providing valuable insights to enhance healthcare results and financials.

8.    IQVIA Inc.

IQVIA, a leading worldwide supplier in healthcare data analysis and clinical studies, provides Orchestrated Analytics, a collection of brand performance solutions that combines large data resources with fast and accurate scalability.

9.    Google

Google LLC is a technology company that operates in multiple countries. Google Health strives to enhance worldwide health by offering products like Care Studio, which arranges patient data for healthcare providers, transforming the way healthcare information is managed.

10.    Tata Consultancy Limited

Tata Consultancy Services (TCS) is a top IT services firm. In October 2023, TCS was recognized as a Leader in Everest Group's PEAK Matrix® for Healthcare Data and Analytics Services. It provides various cutting-edge solutions, such as TCS Healthcare Analytics and TCS Health 360 for healthcare analytics.

11.    Cognizant

Cognizant is a United States-based firm that provides IT services such as software development, cloud management, AI, BPO, and other services. In June 2024, Cognizant introduced healthcare large models on Google Cloud's genAI technology, making use of Vertex AI and Gemini models to enhance healthcare administrative procedures. Their resolution assistant automates data retrieval for managing healthcare appeals.

12.    Health Catalyst

Health Catalyst offers advanced data and analytics technology for healthcare institutions. Their solutions enhance data integration, decrease the time needed for report creation, and enhance cost efficiency using machine learning-driven methods. Health Catalyst Ignite ® provides advanced healthcare data analytics using cutting-edge technologies, models, tools, and knowledge.