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Healthcare Big Data Analytics Market

Global Healthcare Big Data Analytics Market Size, Growth, Trends: By Analytics Type: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Cognitive Analytics, Others; By Component: Service, Software, Hardware; By Application; By Delivery Model; By End User; Regional Analysis; Supplier Landscape; 2024-2032

Global Healthcare Big Data Analytics Market Outlook

The global healthcare big data analytics market value was USD 99.55 billion in 2023, driven by the increasing demand for effective healthcare solutions across the globe. The market size is anticipated to grow at a CAGR of 21.7% during the forecast period of 2024-2032 to achieve a value of USD 582.99 billion by 2032.

 

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.

 

Market Segmentation

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
  • Cerner Corporation.
  • Health Catalyst.
  • MedeAnalytics, Inc.
  • Cognizant
  • SAS Institute Inc.
  • WIPRO LIMITED
  • TAKE SOLUTIONS LIMITED
  • Exl Service Holdings, Inc.
  • McKesson Corporation

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

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Analytics Type
  • Component
  • Application
  • Delivery Model
  • End User
  • Region
Breakup by Analytics Type
  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics
  • Cognitive Analytics
  • Others
Breakup by Component
  • Service
  • Software
  • Hardware
Breakup by Application
  • Financial Analytics
  • Clinical Analytics
  • Operational Analytics
  • Others
Breakup by Delivery Model
  • On-Demand
  • On-Premises
Breakup by End User
  • Hospitals and Clinics
  • Finance and Insurance Agencies
  • Research Organizations
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Allscripts Healthcare, LLC
  • Cerner Corporation.
  • Health Catalyst.
  • MedeAnalytics, Inc.
  • Cognizant
  • SAS Institute Inc.
  • WIPRO LIMITED
  • TAKE SOLUTIONS LIMITED
  • Exl Service Holdings, Inc.
  • McKesson Corporation
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions 
    1.3    Report Coverage – Key Segmentation and Scope  
    1.4    Research Methodology
2    Executive Summary
3    Global Healthcare Big Data Analytics Market Overview 

    3.1    Global Healthcare Big Data Analytics Market Historical Value (2017-2023) 
    3.2    Global Healthcare Big Data Analytics Market Forecast Value (2024-2032)
4    Global Healthcare Big Data Analytics Market Landscape
    4.1    Global Healthcare Big Data Analytics Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Healthcare Big Data Analytics Product Landscape
        4.2.1    Analysis by Analytics Type
        4.2.2    Analysis by Component
        4.2.3    Analysis by Applications
        4.2.4    Analysis by Delivery Model
        4.2.5    Analysis by End User
5    Global Healthcare Big Data Analytics Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Healthcare Big Data Analytics Market Segmentation
    6.1    Global Healthcare Big Data Analytics Market by Analytics Type
        6.1.1    Market Overview
        6.1.2    Descriptive Analytics
        6.1.3    Predictive Analytics
        6.1.4    Prescriptive Analytics
        6.1.5    Cognitive Analytics
        6.1.6    Others
    6.2    Global Healthcare Big Data Analytics Market by Component
        6.2.1    Market Overview
        6.2.2    Service
        6.2.3    Software
            6.2.3.1    Electronic Health Record Software
            6.2.3.2    Practice Management Software
            6.2.3.3    Workforce Management Software
        6.2.4    Hardware
            6.2.4.1    Data Storage
            6.2.4.2    Routers
            6.2.4.3    Firewalls
            6.2.4.4    Virtual Private Networks
            6.2.4.5    E-Mail Servers
    6.3    Global Healthcare Big Data Analytics Market by Application
        6.3.1    Market Overview
        6.3.2    Financial Analytics
        6.3.3    Clinical Analytics 
        6.3.4    Operational Analytics
        6.3.5    Others
    6.4    Global Healthcare Big Data Analytics Market by Delivery Model
        6.4.1    Market Overview
        6.4.2    On-Demand
        6.4.3    On-Premises
    6.5    Global Healthcare Big Data Analytics Market by End User
        6.5.1    Hospitals and Clinics
        6.5.2    Finance and Insurance Agencies 
        6.5.3    Research Organizations
    6.6    Global Healthcare Big Data Analytics Market by Region
        6.6.1    Market Overview
        6.6.2    North America 
        6.6.3    Europe
        6.6.4    Asia Pacific
        6.6.5    Latin America
        6.6.6    Middle East and Africa
7    North America Healthcare Big Data Analytics Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Healthcare Big Data Analytics Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Healthcare Big Data Analytics Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Healthcare Big Data Analytics Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Healthcare Big Data Analytics Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    Allscripts Healthcare, LLC
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2    Cerner Corporation.
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3    Health Catalyst.
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    MedeAnalytics, Inc.
        17.4.1    Financial Analysis
        17.4.2    Product Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    Cognizant
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    SAS Institute Inc.
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    WIPRO LIMITED
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    TAKE SOLUTIONS LIMITED
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    Exl Service Holdings, Inc.
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    McKesson Corporation
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
18    Global Healthcare Big Data Analytics Market - Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

The healthcare big data Market was valued at USD 99.55 billion in 2023.

The market is expected to grow at a CAGR of 21.7% from 2024 to 2032 to reach a value of USD 582.99 billion by 2032.

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.

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