Big Data Analytics In Healthcare Market
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<strong>Big</strong> <strong>Data</strong> <strong>Analytics</strong> <strong>In</strong> <strong>Healthcare</strong> <strong>Market</strong> Expects North<br />
America To Hold The Largest Share Till 2021<br />
By Type (Retrospective, Predictive, Prescriptive), By Component (Hardware, Software, Others), By<br />
Operation (Capturing, Sharing, Storing & Analyzing <strong>Data</strong>), By Application (Clinical, Financial, Social,<br />
Others)<br />
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• The <strong>Big</strong> <strong>Data</strong> <strong>Analytics</strong> <strong>In</strong> <strong>Healthcare</strong> <strong>Market</strong> deals with the development of healthcare data<br />
technology. <strong>Big</strong> data analytics is the process of collection of huge amount of data, generally<br />
which is difficult to process using common database management tools.<br />
• <strong>Big</strong> data refers to the processes and procedures allowing an organization to create, change,<br />
store and manage very large data. <strong>Big</strong> data in the healthcare industry is estimated to be the<br />
third largest share in terms of shares in the big data market. The total size of data that is<br />
being produced across several healthcare industries is the key growth driver for the <strong>Big</strong><br />
<strong>Data</strong> <strong>Analytics</strong> <strong>In</strong> <strong>Healthcare</strong> <strong>Market</strong> growth.<br />
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Scope & Regional Forecast of the <strong>Big</strong> <strong>Data</strong> <strong>Analytics</strong> <strong>In</strong> <strong>Healthcare</strong> <strong>Market</strong> :<br />
• <strong>In</strong>creasing government initiatives to enhance EHR adoption, availability of big data in healthcare,<br />
and technological advancements are the key growth factors that drives the <strong>Big</strong> <strong>Data</strong> <strong>Analytics</strong> <strong>In</strong><br />
<strong>Healthcare</strong> <strong>Market</strong>. Rising pressure to curb healthcare spending and need for improved patient<br />
outcomes create new growth opportunities for the market. <strong>In</strong> addition, increasing number of<br />
patient registries, use of analytics in precision and personalized medicine, and emergence of<br />
social media and its impact on the healthcare industry provide significant growth opportunities in<br />
the market.<br />
• However, high cost of analytics solutions and lack of skilled professionals may hinder the growth<br />
of the <strong>Big</strong> <strong>Data</strong> <strong>Analytics</strong> <strong>In</strong> <strong>Healthcare</strong> <strong>Market</strong>. But, the increasing complexity in managing big<br />
data will rises the demand for the adoption of big data analytics in healthcare.<br />
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8/17/2017<br />
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Segmentations & Key Players <strong>In</strong>volved in the <strong>Big</strong> <strong>Data</strong> <strong>Analytics</strong> <strong>In</strong> <strong>Healthcare</strong> <strong>Market</strong>:<br />
• Types: Retrospective <strong>Analytics</strong>, Predictive <strong>Analytics</strong> and Prescriptive <strong>Analytics</strong>.<br />
• Component: Hardware, Software and Services.<br />
• Operation: Capturing <strong>Data</strong>, storing <strong>Data</strong>, Sharing <strong>Data</strong>, Analyzing <strong>Data</strong> and Others.<br />
• Application: Clinical <strong>Analytics</strong>, Financial <strong>Analytics</strong>, Administrative <strong>Analytics</strong>, Social <strong>Analytics</strong><br />
and Others.<br />
• Region: Americas, Europe, Asia-Pacific and Rest of the World (RoW).<br />
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Some of the key players involved in the <strong>Big</strong> <strong>Data</strong> <strong>Analytics</strong> <strong>In</strong> <strong>Healthcare</strong><br />
<strong>Market</strong> are as follows:<br />
• IBM Corporation (U.S.)<br />
• Oracle Corporation (U.S.)<br />
• Truven Health <strong>Analytics</strong> Pvt.Ltd.<br />
• <strong>In</strong>tersystems Corporation<br />
• Allscripts Health Solutions<br />
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About <strong>In</strong>dustryARC<br />
<strong>In</strong>dustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various<br />
industries, such as Agriculture, Automotive, Automation & <strong>In</strong>strumentation, Chemicals and Materials,<br />
Energy and Power, Electronics, Food & Beverages, <strong>In</strong>formation Technology, Life sciences & <strong>Healthcare</strong>.<br />
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