The different driving factors for the big data in healthcare market include the growing volume of healthcare data arising from various sources including patient health records, medical imaging, genomic sequencing, pharmaceutical research, wearables, and medical devices. Our estimates suggest that currently, the maximum revenue generated in this domain is likely to be driven by the hardware segment; this trend is likely to change in the foreseen future, as software is expected to lead the market in future.
The global big data in healthcare market size is estimated to grow from USD 78 billion in 2024 to USD 540 billion by 2035, representing a CAGR of 19.20% during the forecast period till 2035.
Based on primary and secondary research, our estimates suggest that the hardware segment of the big data in healthcare market is likely to be driven by storage devices. This can be attributed to the increasing volume of data generated in the healthcare industry, including electronic health records and medical imaging.
In terms of type of service segment, the big data in healthcare market is likely to be driven by diagnostic analytics. Furthermore, most of the market share is captured by electronic health records, followed by revenue cycle management software, and practice management software. This trend is unlikely to change in the foreseeable future. Presently, our estimates suggest that initiatives focused on operational management are likely to drive the current big data in healthcare market. This can be attributed to the fact that operational data is one of the largest sources of data in the healthcare industry and given the complexity of the healthcare industry. It is important to highlight that low-middle income countries are expected to grow with the fastest CAGR in the near future.
According to our primary and secondary research presently, the majority of the big data market in healthcare is occupied by hospitals, followed by health insurance agencies. Further, this trend is unlikely to change in the foreseeable future as well. It is worth highlighting that the big data in healthcare market is dominated by North America and this trend is unlikely to change in the foreseeable future. On the other hand, the big data in healthcare market in Asia is expected to grow at a fastest pace, during the forecast period.
Big Data in Healthcar Market Segmentations Distribution by:
Component
· Hardware (Storage Devices, Servers, and Networking Infrastructure)
· Software (Electronic Health Record, Practice Management Software, Revenue Cycle Management Software, and Workforce Management Software)
· Services (Descriptive Analytics, Diagnostic Analytics, Predictive Analytics, and Prescriptive Analytics)
Application Area
· Clinical Data Management
· Financial Management
· Operational Management
· Population Health Management
Healthcare Vertical
· Healthcare Services
· Medical Devices
· Pharmaceuticals
· Other Verticals
End User
· Clinics
· Health Insurance Agencies
· Hospitals
· Other End Users
Geography
· North America
· Europe
· Asia
· Latin America
· Middle East and North Africa
· Rest of the World
Leading Companies in the Big Data in Healthcare Market: Accenture, Akka Technologies, Altamira.ai, Amazon Web Services. Athena Global Technologies, atom Consultancy Services (ACS), Avenga, Happiest Minds, InData Labs, Itransition, Kellton, Keyrus, Lutech, Microsoft, Nagarro, Nous Infosystems, NTT data, Oracle, Orange Mantra, Oxagile, Scalefocus, Softweb Solutions, Solix Technologies, Spindox, Tata Elxsi, Teradata, Trianz (formerly CBIG Consulting), Trigyn Technologies, and XenonStack.
Thank you for reading our report. Kindly get in touch with us to know more about the report or to receive a customized copy of it. Our team will ensure the report is tailored according to your needs.
To view more details on this report, click on the link
https://www.rootsanalysis.com/reports/big-data-in-healthcare-market.html
About Roots Analysis
Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights.
We specialise in analysing areas which have lacked quality research so far or require more focused understanding within the broader industry. All our reports are structured in a way to enable the reader develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we also provide bespoke research / consulting services dedicated to serve our clients in the best possible way.
The research efforts are driven by a global team. The leadership team brings a wealth of experience within the sector. Their collective experience in pharmaceutical / affiliated domains allows us to tackle various areas of research in a structured way. We also regularly leverage our global network of experts who hold senior leadership positions in reputed firms and organisations worldwide.
Contact:
Roots Analysis
Gaurav Chaudhary
+1 (415) 800 3415
+44 (122) 391 1091
Gaurav.chaudhary@rootsanalysis.com
Website: https://www.rootsanalysis.com/