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Global Healthcare Big Data Analytics Market: By Analytics Type: Descriptive Analytics, Predictive Analytics, Others; By Component; By Delivery Model; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Healthcare Big Data Analytics Market Outlook

The global healthcare big data analytics market size was nearly USD 22.5 billion in 2020. The industry is further expected tgrow at a CAGR of 15% in the forecast period of 2022-2027 tattain USD 52 billion by 2026.

 

Global Healthcare Big Data Analytics Market

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The market is being driven by the rapid technological advancements and the growing need tenhance productivity in the healthcare sector. The software segment, among other components, dominates the industry. By analytics-type, descriptive analytics segment leads the global industry. Currently, the on-premise delivery model is mostly preferred by organisations. Among different application sectors, big data is most commonly used for financial analytics.

Region-wise, North America dominates the global healthcare big data analytics industry, accounting for the majority of the total market share. The growth of the market in the region can be attributed tthe factors like increased acceptance of technology, availability of advanced services, and growing investment in the healthcare sector by the government and private organisations.

 

Properties and Applications

Big data analytics is an advanced type of analytics that consists of a range of computational algorithms and predictive models powered by high-performance analytics systems. Such technologies provide many competitive advantages in the healthcare sector with high-powered computing systems, such as efficient marketing, new sales opportunities, increased operating performance, and enhanced patient care.

 

Healthcare Big Data Analytics Market by Application

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On the basis of component, the global healthcare big data analytics industry is divided into:

  • Services
  • Software
    • Electronic Health Record 
    • Practice Management
    • Workforce Management
  • Hardware
    • Data Storage
    • Routers
    • Firewalls
    • Virtual Private Networks
    • E-Mail Servers

On the basis of analytics type, the industry can be further segmented into:

  • Descriptive 
  • Predictive 
  • Prescriptive 
  • Cognitive 
  • Others

Based on delivery model, the industry has been bifurcated into:

  • On-Premise Delivery Model
  • On-Demand Delivery Model

It finds applications in sectors such as:

  • Financial 
  • Clinical 
  • Operational 
  • Others

On the basis of end use, the industry is divided into:

  • Hospitals and Clinics
  • Finance and Insurance Agencies
  • Research Organisations

The report alscovers the regional markets for healthcare big data analytics like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Healthcare Big Data Analytics Market by Region

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Market Analysis

The healthcare big data analytics industry has been witnessing a healthy growth with the rising acceptance of technology in the healthcare sector and the growing focus tenhance productivity in hospitals and clinics. The generation of a large volume of data, owing tthe growing patient pool, has resulted in the rapid digitisation of healthcare information. The compliance and regulatory requirements, coupled with the growing demand for improved patient care and record-keeping services, are further supporting the industry growth.

With the advancement in technology, the healthcare big data analytics industry has been experiencing a continuous evolution. At present, multiple healthcare companies, ranging from multi-provider groups and single-physician offices tlarge hospital networks, are rapidly embracing big data analytics tmaximise revenues, and offer personalised patient care services. The growing demand for big data analytics can be ascribed tthe many benefits offered by such services, which include quick and effective detection of healthcare fraud, and the study of clinical trials and medical records. In addition tthis, the growing number of competitors and increased investment in the industry with evolving legislative regulations is expected tfurther drive the industry growth over the forecast period.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global healthcare big data analytics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Allscripts Healthcare, LLC  
  • Health Catalyst.
  • Cerner Corporation.
  • MedeAnalytics, Inc.
  • Cognizant
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Analytics Type, Component, Delivery Model, Application, End Use, Region
Breakup by Analytics Type Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Cognitive Analytics, Others
Breakup by Component Service, Software, Hardware
Breakup by Delivery Model On-Premise Delivery Model, On-Demand Delivery Model
Breakup by Application Financial Analytics, Clinical Analytics, Operational Analytics, Others
Breakup by End Use Hospitals and Clinics, Finance and Insurance Agencies, Research Organisations
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Allscripts Healthcare, LLC, Health Catalyst., Cerner Corporation., MedeAnalytics, Inc., Cognizant, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Healthcare Big Data Analytics Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Healthcare Big Data Analytics Historical Market (2017-2021) 
    8.3    Global Healthcare Big Data Analytics Market Forecast (2022-2027)
    8.4    Global Healthcare Big Data Analytics Market by Analytics Type
        8.4.1    Descriptive Analytics 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Predictive Analytics
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Prescriptive Analytics  
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Cognitive Analytics   
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Others
    8.5    Global Healthcare Big Data Analytics Market by Component
        8.5.1    Service  
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Software
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
            8.5.2.4    Breakup by Type
                8.5.2.4.1    Electronic Health Record Software
                8.5.2.4.2    Practice Management Software
                8.5.2.4.3    Workforce Management Software
        8.5.3    Hardware  
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
            8.5.3.4    Breakup by Type
                8.5.3.4.1    Data Storage
                8.5.3.4.2    Routers
                8.5.3.4.3    Firewalls
                8.5.3.4.4    Virtual Private Networks
                8.5.3.4.5    E-Mail Servers
    8.6    Global Healthcare Big Data Analytics Market by Delivery Model
        8.6.1    On-Premise Delivery Model     
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    On-Demand Delivery Model   
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    Global Healthcare Big Data Analytics Market by Application
        8.7.1    Financial Analytics      
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Clinical Analytics   
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Operational Analytics    
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Others
    8.8    Global Healthcare Big Data Analytics Market by End Use
        8.8.1    Hospitals and Clinics      
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2017-2021)
            8.8.1.3    Forecast Trend (2022-2027)
        8.8.2    Finance and Insurance Agencies   
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2017-2021)
            8.8.2.3    Forecast Trend (2022-2027)
        8.8.3    Research Organisations    
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2017-2021)
            8.8.3.3    Forecast Trend (2022-2027)
    8.9    Global Healthcare Big Data Analytics Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
        9.4.3.1    Brazil
        9.4.3.2    Argentina
        9.4.3.3    Mexico
        9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
        9.5.3.1    Saudi Arabia
        9.5.3.2    United Arab Emirates
        9.5.3.3    Nigeria
        9.5.3.4    South Africa
        9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Key Players’ Market Share
    12.3    Company Profiles
        12.3.1    Allscripts Healthcare, LLC  
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Certifications
        12.3.2    Health Catalyst.
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Certifications
        12.3.3    Cerner Corporation.
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Certifications
        12.3.4    MedeAnalytics, Inc.    
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Certifications
        12.3.5    Cognizant
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Certifications
        12.3.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Healthcare Big Data Analytics Market: Key Industry Highlights, 2016 and 2026
2.    Global Healthcare Big Data Analytics Historical Market: Breakup by Analytics Type (USD Billion), 2017-2021
3.    Global Healthcare Big Data Analytics Market Forecast: Breakup by Analytics Type (USD Billion), 2022-2027
4.    Global Healthcare Big Data Analytics Historical Market: Breakup by Component (USD Billion), 2017-2021
5.    Global Healthcare Big Data Analytics Market Forecast: Breakup by Component (USD Billion), 2022-2027
6.    Global Healthcare Big Data Analytics Historical Market: Breakup by Delivery Model (USD Billion), 2017-2021
7.    Global Healthcare Big Data Analytics Market Forecast: Breakup by Delivery Model (USD Billion), 2022-2027
8.    Global Healthcare Big Data Analytics Historical Market: Breakup by Application (USD Billion), 2017-2021
9.    Global Healthcare Big Data Analytics Market Forecast: Breakup by Application (USD Billion), 2022-2027
10.    Global Healthcare Big Data Analytics Historical Market: Breakup by End Use (USD Billion), 2017-2021
11.    Global Healthcare Big Data Analytics Market Forecast: Breakup by End Use (USD Billion), 2022-2027
12.    Global Healthcare Big Data Analytics Historical Market: Breakup by Region (USD Billion), 2017-2021
13.    Global Healthcare Big Data Analytics Market Forecast: Breakup by Region (USD Billion), 2022-2027
14.    North America Healthcare Big Data Analytics Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    North America Healthcare Big Data Analytics Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Europe Healthcare Big Data Analytics Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Europe Healthcare Big Data Analytics Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Asia Pacific Healthcare Big Data Analytics Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Asia Pacific Healthcare Big Data Analytics Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Latin America Healthcare Big Data Analytics Historical Market: Breakup by Country (USD Billion), 2017-2021
21.    Latin America Healthcare Big Data Analytics Market Forecast: Breakup by Country (USD Billion), 2022-2027
22.    Middle East and Africa Healthcare Big Data Analytics Historical Market: Breakup by Country (USD Billion), 2017-2021
23.    Middle East and Africa Healthcare Big Data Analytics Market Forecast: Breakup by Country (USD Billion), 2022-2027
24.    Global Healthcare Big Data Analytics Market Structure

Key Questions Answered in the Report

The global healthcare big data analytics market reached a value of USD 22.5 billion in 2020. 

The market is projected tgrow at a CAGR of nearly 15% in the forecast period of 2022-2027.

The market is estimated treach a value of about USD 52 billion by 2026.

The major drivers of the industry include rising disposable incomes, increasing population, rapid technological advancements, increased acceptance of technology, availability of advanced services, and the rising need tenhance productivity.

The increasing number of competitors and the rising investment in the industry with evolving legislative regulations are expected tbe the key trends guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America accounting for the largest market share.

The software segment is the dominant component of the product in the market. 

Descriptive analytics is the leading analytics type of the product in the industry. 

The on-premise delivery model accounts for the largest market share, among other delivery models in the industry.

The industry is dominated by the financial analytics segment, among other application segments.

The major end-uses in the industry include hospitals and clinics, finance and insurance agencies, and research organisations.

The leading players in the market are Allscripts Healthcare, LLC, Health Catalyst., Cerner Corporation., MedeAnalytics, Inc., and Cognizant, among others.

Analyst Review

The global healthcare big data analytics market attained a value of USD 22.5 billion in 2020, driven by the increasing acceptance of technology in the healthcare sector. Aided by the favourable factors like quick and effective detection of healthcare fraud, the industry is expected twitness a further growth in the forecast period of 2022-2027, growing at a CAGR of 15%. The industry is projected treach USD 52 billion by 2026.

EMR’s meticulous research methodology delves deep intthe industry, covering the macrand micraspects of the industry. Based on its end uses, the market can be segmented inthospitals and clinics, finance and insurance agencies, and research organisations. By component, the software segment leads the industry. On the basis of analytics type, the descriptive analytics sector accounts for the largest share in the global industry. Based on delivery model, the industry can be divided inton-premise delivery model. On the basis of application, the market is led by the financial analytics segment. The leading end-uses in the industry include hospitals and clinics, finance and insurance agencies, and research organisations. The major regional markets for healthcare big data analytics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Allscripts Healthcare, LLC, Health Catalyst., Cerner Corporation., MedeAnalytics, Inc., and Cognizant, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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