June 17, 2021
According to the research report titled ‘Global Big Data Analytics in Healthcare Market 2019-2028’, available with Market Study Report, global big data analytics in healthcare market is projected to register a y-o-y growth rate of 23.35% during 2019-2028.
Increasing adoption of cloud analytics and health wearables are the major factors driving the global big data analytics in healthcare market growth. Additionally, advancements e-health and telehealth solutions are further augmenting the industry growth.
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However, lack of interoperability among big data sources along with presence of large amount of unstructured data in the healthcare sector could hamper the growth of worldwide big data analytics in healthcare market. Furthermore, lack of skilled professionals and increasing privacy concerns may also arrest the expansion matrix of this industry.
Based on offering, the worldwide big data in healthcare industry is segmented into software and services. Speaking of the deployment, the marketplace is divided into on-premise and cloud. On the basis of analytics type, the industry space is categorized into descriptive analytics, prescriptive analytics, predictive analytics and diagnostic analytics among others.
Moving on to the end user spectrum, the industry is classified into hospitals & clinics, research organizations and finance & research agencies including others. Meanwhile, the application range includes clinical analytics, operational analytics, and financial analytics segments.
Considering the geographical analysis, global big data analytics in healthcare industry size spans across North America, Latin America, Middle East & Africa, Europe, and Asia-Pacific.
Experts analysts cite that Europe market will likely exhibit remunerative growth over the forecast period, owing to increasing demand for advanced insights into pattern recognition. Additionally, key players in the region are targeting end users like research centers, hospitals and related organizations to provide big data solutions which will also generate lucrative prospects for the region’s business scenario.
Leading players in worldwide big data analytics in healthcare industry sphere are Tableau Software Inc., Siemens Healthcare Private Limited, SAS Institute Inc., SAP SE, Premier Inc., Koninklijke Philips N.V., Oracle Corporation, McKesson Corporation, International Business Machines Corporation (IBM), Health Catalyst, General Electric Company, eClinicalWorks, Epic Systems Corporation, Dell Technologies Inc., Computer Programs and Systems Inc., Cognizant, Cerner Corporation, Allscripts Healthcare LLC and Aetna Inc.