Healthcare Big Data Analytics market 2023

The Global Healthcare Big Data Analytics Market is growing with the rapid pace; mainly
due the burgeoning Healthcare Sector. According to a recent study report published by
the Market Research Future, The global Healthcare Big Data Analytics Market is booming
and expected to gain prominence over the forecast period.
The Global Healthcare Big Data Analytics Market of is expected to reach US$ 9.5
billion in 2023 from US$ 5.5 billion in 2016 with a CAGR of approximately 11.5%.
Healthcare is a highly litigious and regulated industry. Over time, healthcare data has
been created and accumulated continuously through patient records, radiology images,
clinical trials and genomic sequences. With new technological advancements like m
Health and Internet of Things (IOT), patients are now able to track their health data and
share it with their respective physicians for any further remedies. The more data
collected and analysed, the better medical insights gained.
With healthcare industry generating zeta bytes of data, big data analytic solutions aims
to improve quality care of patients and the overall healthcare ecosystem. The market
growth is gaining momentum with government initiatives for big data integration in the
healthcare sector during recent years.
The data analytics is an enormous amount of structured as well as unstructured data
which help organizations to improve their decision making processes. It refer to the
technology services any organization is utilizing to handle the data sets. Unstructured
data refers to the data which does not have a standardized form. Around 80% of the
data in the business organizations is unstructured and around 60% of the patient care
information is in the unstructured format.
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Segments: Global Healthcare Big Data Analytics Market is segmented by components
which include Hardware and Software, by deployment type including Software Onpremise
and software on demand, by application including Financial analytics, Clinical
Analytics and Operational Analytics and Software type including Electronic Health Record
Software, Practice Management Software, Revenue Cycle Management Software,
Workforce Management Software, and others by end user which includes Hospitals,
Clinics, Diagnostic Centers and others and by regions consisting of North America,
Europe, Asia-Pacific and Middle East and Africa.
Regional Analysis of Healthcare Big Data Analytics Market: Globally, Healthcare Big Data
Analytics Market consists of four regions North America, Europe, Asia-Pacific and Middle
East and Africa. North America is the largest market for Healthcare Big Data Analytics.
Major factors for the growth in big data analytics in healthcare industry are emanation of
big data in healthcare, establishment of healthcare policies by federal government,
increased focus on big data management and analysis for better healthcare facilities and
swift technological advancement like m health and precision medicines.
North America is the largest market for Healthcare Big Data Analytics which is expected
to grow at a CAGR of 6.1% and is expected to reach at US$ 4.25 billion. Healthcare data
analytics is gaining importance as it is important to analyze healthcare data and
maintain in the system for a long time. Retaining patient data is a major task for
healthcare providers. Europe is the second largest market. In Asia-Pacific, increasing

patient pool emphasizes the use of healthcare data analytics as large amount of
healthcare data is generated. Middle East and Africa show steady growth in this market.
Key Players for Healthcare Big Data Analytics Market:
Some of the key players in this market are:
IBM
Cerner Corporation
Cognizant
Dell
Epic System Corporation
GE Healthcare
McKesson
Optum
Philips
Siemens
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Table Of Content
1. Introduction
2. Research Methodology
3. Report Excerpt
4. Forecast Indicators
5. Market Analysis
6. Global Connected Medical Devices, By Product Type
7. Global Connected Medical Devices, By Type Of Care
8. Global Connected Medical Devices, By Features
9. Global Connected Medical Devices, By End Users
10. Global Dental Radiology & Imaging Market, By Region
11. Competitive Landscape
12. Competitive Landscape
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Market Research Future
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