Big Data in Healthcare Markets, Trends and Global Forecasts, 2035

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Mar 15, 2024, 06:45 ET

DUBLIN, March 15, 2024 /PRNewswire/ -- The "Global Big Data in Healthcare Market, Trends and Forecasts, Till 2035: Distribution by Component, Type of Hardware, Type of Software, Type of Service, Deployment Option, Application Area, Healthcare Vertical, End User, Economic Status, Geography, and Leading Players" report has been added to ResearchAndMarkets.com's offering.

The global big data in healthcare market size is estimated to grow from USD 67 billion in 2023 to USD 540 billion by 2035, representing a CAGR of 19.06% during the forecast period 2023-2035

The research study consists of current big data in healthcare market trends, detailed competitor's analysis, key market insights, market impact analysis, and market forecast and opportunity analysis. The growth in the big data analytics in healthcare market size over the next decade is likely to be the result of anticipated increase in adoption of AI-enabled solutions and rise in the demand for personalized medicine.

One of the key objectives of this market report was to estimate the current market size, opportunity and the future growth potential of the big data in healthcare market, over the forecast period. Based on multiple parameters, likely adoption trends and through primary validations, the analyst has provided an informed estimate on the market evolution during the forecast period 2023-2035.

Big data in healthcare refers to the large amount of unstructured data obtained from various sources, such as medical research / journals, biometric data, electronic medical records, Internet of Medical Things (IoMT), social media, payer records, omics research and data banks. Integrating this diverse and complex unstructured data into traditional databases poses a significant challenge in terms of data structuring and standardization, which is essential to ensure compatibility and enable effective analysis.

However, recent advancements in big data analytics tools, artificial intelligence, and machine learning have revolutionized the conversion of big data in healthcare into valuable and actionable information. These technological breakthroughs have revolutionized various aspects of healthcare, enabling data-driven decision-making, improving diagnostics, facilitating personalized treatment approaches and empowering patients with self-service options (including online portals, mobile applications, and wearable devices).

Presently, close to 60% of the market opportunity is created by the demand for big data analytics solutions in North America. This can be attributed to strong government support for big data analytics, particularly in the US, which has accelerated the adoption rates across various sectors, including healthcare.

Additionally, the All of Us Research program, a biobank initiative focused on precision medicine research is further driving the demand for big data analytics solutions in North America. These big data in healthcare market trends reinforce the expectation that North America will maintain its position as the leading market for big data analytics services during the forecast period, growing at a CAGR of 18.52%.

Further, big data analytics tools play a crucial role in pharmaceutical R&D by expediting drug discovery and development processes. Driven by the growing demand for business intelligence solutions, surge in unstructured data, and the increasing focus on the development of personalized medicine, the global market for big data in healthcare is poised to experience sustained market growth during the forecast period.

Market Share Insights

The big data in healthcare market research report presents an in-depth analysis of the various companies that are engaged in the global big data in healthcare industry, across different segments, as defined below:

Historical Trend: 2018-2022
Base Year: 2022
Forecast Period: 2023-2035
Market Size 2023: $67 Billion
CAGR: 19.06%
PowerPoint Presentation (Complimentary)
Customization Scope: 15% Free Customization
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)
Deployment Option
- Cloud-based
- On-premises
Application Area
- Clinical Data Management
- Financial Management
- Operational Management
- Population Health Management
Healthcare Vertical
- Healthcare Services
- Medical Devices
- Pharmaceuticals
- Other Verticals
Economic Status
- High Income Countries
- Upper-Middle Income Countries
- Lower-Middle Income Countries
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
Excel Data Packs (Complimentary)
- Overall Market Landscape
- Key Insights
- Company Competitiveness Analysis
- Market Forecast and Opportunity Analysis

Leading Companies in the Big Data in Healthcare Market: Full list of 405+ companies and organizations is available in the report

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
XenonStack

The report features detailed transcripts of interviews held with the following industry stakeholders:

Chief Executive Officer and Founder, Mid-sized Company, India
Chief Executive Officer and Co-Founder, Mid-sized Company, India
Chief People Officer and Co-Founder, Small company, US
Vice President, Large Company, US
Business Head, Mid-sized Company, India
Senior IT Inside Sales Lead, Small Company, India
Senior Manager, Mid-sized Company, US
Delivery Manager, Mid-sized Company, US
Strategy, Research and Analyst Relations Manager, Large Company, India
Business Development Manager, Mid-sized Company, US
Business Development Associate, Mid-sized Company, US
Business Development Specialist Advisor, Large Company, US
Business Development Executive, Small Company, Armenia
Business Consultant, Mid-sized Company, India

For more information about this report visit https://www.researchandmarkets.com/r/hzty32

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