Big Data in Healthcare Market Size
Mobile technology has become one of the leading contributors of big data. Proliferation of app containing smartphones coupled with the expansion of wearable device market are creating dataflows that can be harnessed for medical applications. Previously popular for step counting and heart rate monitoring, consumer wearables are beginning to serve as data sources for medical diagnostics and are expected to play a key role in remote patient monitoring. By enabling patients to share personalized health data, wearables can assist with self-diagnosis and behaviour change interventions.
Mobile technology has become one of the leading contributors of big data. Proliferation of app containing smartphones coupled with the expansion of wearable device market are creating dataflows that can be harnessed for medical applications. Previously popular for step counting and heart rate monitoring, consumer wearables are beginning to serve as data sources for medical diagnostics and are expected to play a key role in remote patient monitoring. By enabling patients to share personalized health data, wearables can assist with self-diagnosis and behaviour change interventions.
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Figure 1<br />
BIS Research <strong>Market</strong> Research Methodology<br />
SECONDARY RESEARCH<br />
RESEARCH APPROACH<br />
PRIMARY RESEARCH<br />
STUDYING THE MARKET STRUCTURE<br />
Ma<strong>in</strong>ly used to obta<strong>in</strong> key <strong>in</strong>formation about the<br />
<strong>in</strong>dustry’s value cha<strong>in</strong>, and the total pool of key<br />
players<br />
IDENTIFY MARKET, TECHNOLOGY AND<br />
COMPETITOR TRENDS<br />
Understand market classification, and<br />
segmentation accord<strong>in</strong>g to <strong>in</strong>dustry trends to<br />
the bottom-most level, regional markets, and<br />
key developments from both market- and<br />
technology-oriented perspectives<br />
INTEGRATE INFORMATION<br />
Integrate <strong>in</strong>formation with<strong>in</strong> relevant documents<br />
to form launch pad for primary research<br />
POTENTIAL<br />
RESPONDENTS<br />
RESELLERS<br />
MSP’s<br />
DATA SOURCES<br />
Company Information<br />
• OneSource Bus<strong>in</strong>ess Browser<br />
• Hoover’s<br />
• 10K Wizard<br />
• Bloomberg<br />
• The Wall Street Journal<br />
• Factiva<br />
Subject Information<br />
• Scientific Journals<br />
• Press Release<br />
• White Paper<br />
• Government Stats Centers<br />
• Non-Profit Associations<br />
• Public and Private <strong>Data</strong>base<br />
Regulation Information<br />
• CDC<br />
• WHO<br />
• FDA<br />
• EMA<br />
CONSULTANT<br />
END USER<br />
VENDORS<br />
1.<br />
2.<br />
3.<br />
4.<br />
5.<br />
DATABASE FOR KEY INDUSTRY PARTICIPANTS (DKIP) PREPARATION<br />
The primary sources from the supply side <strong>in</strong>clude <strong>in</strong>dustry experts such as CEOs, vice presidents,<br />
market<strong>in</strong>g directors, technology and <strong>in</strong>novation directors, and related key executives from various<br />
vendors provid<strong>in</strong>g technology solutions, associated service providers, and system <strong>in</strong>tegrators<br />
operat<strong>in</strong>g <strong>in</strong>the targeted regions.<br />
E.g. CIO’s, VP, Director New Product Development, Director –operations<br />
DISCUSSION GUIDE PREPARATION<br />
A detailed questionnaire is shared with the primary respondent cover<strong>in</strong>g all the aspects related to<br />
the report topic<br />
SCHEDULING AN APPOINTMENT<br />
Appo<strong>in</strong>tments are scheduled with CIO’s, VP – healthcare companies, Director with prior<br />
appo<strong>in</strong>tments and the discussion guide isshared with the primary respondent prior to the call<br />
CALL EXECUTION<br />
A roundtable discussion is held with the KIP with the aim to gather first hand <strong>in</strong>formation about the<br />
technology, recentdevelopments <strong>in</strong>the technology and future outlook/ growth ordecl<strong>in</strong>e<br />
DOCUMENTATION<br />
The <strong>in</strong>terview is recorded and the <strong>in</strong>formation gathered <strong>in</strong> put on the draw<strong>in</strong>g board with the<br />
<strong>in</strong>formation collected through secondary research.<br />
BIS Research Analysis<br />
Primary <strong>Data</strong> Sources<br />
The key data po<strong>in</strong>ts taken from Primary Sources <strong>in</strong>clude:<br />
• Validation and Triangulation of all the numbers and graphs<br />
• Validation of report segmentation and key qualitative f<strong>in</strong>d<strong>in</strong>gs<br />
• Understand<strong>in</strong>g the competitive landscape<br />
• Understand<strong>in</strong>g and consider<strong>in</strong>g the market dynamics factors for various market segments and subsegments<br />
• Validation of impact analysis of macro and micro factors <strong>in</strong> different countries<br />
• Percentage split of <strong>in</strong>dividual markets for geographical analysis<br />
Secondary <strong>Data</strong> Sources<br />
The research study <strong>in</strong>volves the usage of extensive secondary sources such as databases, company<br />
websites, and annual reports, among others.<br />
sales@bisresearch.com www.bisresearch.com 9
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