Big Data Analytics in Healthcare Market

healthcare sector. For instance, the Centers for Medicare and Medicaid Services (CMS) states
that $3.8 trillion was spent on healthcare in the U.S. in 2019. The total healthcare expenditure
accounted for 17.7% of the gross domestic product (GDP) of the country in 2019.
Furthermore, the Asia-Pacific (APAC) region will witness rapid adoption of big data analytics
software and hardware in the healthcare sector. This will be due to the booming healthcare
industry, escalating IT expenditure in healthcare, and increasing deployment of emerging
technologies. For instance, the Government of India is planning to start a credit incentive
programme worth $6.8 billion to improve the healthcare infrastructure of the country. Moreover,
the robust economic growth in regional countries will also augment the deployment of big data
analytics in the healthcare industry in APAC.
Therefore, the surging need for financial analytics, rising adoption of IoT-enabled devices in
healthcare organizations, and mounting government support being provided toward EHRs will
lead to the swift adoption of big data analytics software and hardware in the healthcare sector
globally.
Market Segmentation by Component
Software
o Electronic Health Record Software
o Practice Management
o Workforce Management
Hardware
o Data Storage
o Routers
o Firewalls
o Virtual Private Network
o E-mail Servers
o Others (includes Data Centers Hardware and On-Premise and On-Cloud Hardware)
Market Segmentation by Analytics Type
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
Market Segmentation by Deployment Type
On-Demand
On-Premise
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