The global healthcare big data analytics market is expected to grow significantly over the forecast period. It is anticipated that the market held a valuation of USD 12,800.6 million in 2018 and is projected to register a valuation of USD 60,966.8 million by 2025, at a CAGR of 24.98% over the forecast period.
The increasing adoption of electronic health record (EHR) and electronic medical record (EMR) in healthcare, rising investments in the healthcare IT sector, and increasing government initiatives for the development of the healthcare sector are likely to provide favorable conditions for the growth of the market during the forecast period.
Various other factors, such as the increasing variety and volume of healthcare data generated from various sources, are also expected to propel the growth of the market.
However, a lack of skilled in-house resources and technical complexity involved in the process can hamper market growth over the forecast period.
Segmentation
The global healthcare big data analytics market has been segmented based on type, product, application, mode of delivery, end user, and region.
The global market for healthcare big data analytics, by type, has been segmented into descriptive analytics, predictive analytics, prescriptive analytics, and others.
Based on product, the market has been segmented into hardware, software, and service.
Based on application, the market has been categorized as financial analytics, clinical analytics, operational & administrative analytics, population health analytics, and others.
By mode of delivery, the market has been divided into on-premise model and cloud-based model.
Based on end user, the market has been classified as financial analytics, clinical analytics, operational & administrative analytics, population health analytics, and others
Key Players
Some of the key players operating in the Global Healthcare Big Data Analytics Market are Allscripts Healthcare Solutions, Cerner, Cotiviti (Verscend Technologies), Citiustech, Health Catalyst, IBM, Inovalon, McKesson Corporation, Medeanalytics, Optum, 3M, Oracle, SAS Institute Inc., and SCIO Health Analytics (An EXL Company).
Market Segmentation
Global Healthcare Big Data Analytics Market, by Type
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
- Others
Global Healthcare Big Data Analytics Market, by Product
- Hardware
- Software
- Service
Global Healthcare Big Data Analytics Market, by Application
- Financial Analytics
- Clinical Analytics
- Operational & Administrative Analytics
- Population Health Analytics
- Others
Global Healthcare Big Data Analytics Market, by Mode of Delivery
- On-Premise Model
- Cloud-Based Model
Global Healthcare Big Data Analytics Market, by End User
- Healthcare Provider
- Pharmaceutical Industry
- Biotechnology Industry
- Academic Organizations
- Others
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