The growth of the Big Data Analytics in the Healthcare Market is driven by factors such as increase in adoption of big data in the healthcare industry, surge in demand for analytics solution to aid population health management, and shift in preference from a pay-for-service model to a value-based care model.
However, issues related to data security and dearth of skilled workforce are expected to hamper the market growth in the future. On the contrary, growing inclination toward cloud-based analytics solutions and emerging trend in healthcare such as telehealth and innovations in genomics are expected to create lucrative opportunities for the market players in the coming future.
Download Sample Report (Full Insights in PDF -260 Pages) at:
https://www.alliedmarketresearch.com/request-sample/2308
Accounting for more than half of the total generated revenue in 2017, hospitals & clinics segment was the largest end user of big data analytics, due to increased demand for optimized care services and reduction in hospital expenditure. However, the finance & insurance agencies segment is expected to manifest the fastest CAGR of 21.6% during the forecast period, owing to rise in demand for big data analytics in the decision-making process of health insurance policies and financial investment in the healthcare sector. Another segment of research organization is also analyzed in the report.
The cloud-based deployment model is expected to register the fastest CAGR of 20.8%, owing to its benefit over the on-premise model such as no capital cost, low maintenance, faster data processing, and efficient resource utilization. However, the on-premise segment held the largest share in 2017, contributing about 59.3% of total share and is expected to continue its dominance.
LIMITED-TIME OFFER – Buy Now & Get Exclusive Discount:
Prescriptive analysis segment is expected to grow at the fastest CAGR of 20.3%, as it helps in preventing errors made by doctors while filling out prescriptions, which enhances the overall patient treatment and performance of healthcare systems. However, the predictive analytics segment is used to analyze customer spending and other optimizable behaviors, owing to which it remains the largest segment, contributing about one-third of the global market value. Based on analytics, the market is further segmented into descriptive analytics and diagnostic analytics.
Based on component, the software segment occupied more than two-thirds share of the global market in 2017 and is projected to maintain its dominance through 2025, owing to surge in electronic patient records and mammoth amount of clinical data that need analysis. However, the services segment is expected to register the fastest CAGR of 21.3% during the forecast period, on account of the growing requirement for training, planning, maintenance, and support services while implementing the healthcare analytics software.
For Report Customization:
https://www.alliedmarketresearch.com/request-for-customization/2308
Europe is projected to witness the highest CAGR of 21.8% through 2025 during the forecast period. The government agencies of various countries such as the UK, Germany, Sweden, and the Netherlands have demanded valuable insights on hospitalization process as well as a robust analysis on long-term public health, fueling the rise of big data in the healthcare market. However, North America is projected to remain the dominant region, holding more than half of the total market share through 2025, as it was the early adopter of big data analytics in healthcare. The other regions such as Asia-Pacific and Latin America, Middle East and Africa (LAMEA) are also analyzed in the report.
The key players analyzed in the report include Allscripts, Cerner Corporation, Dell EMC, Epic System Corporation, GE Healthcare, Hewlett Packard Enterprise Development LP, International Business Machines (IBM) Corporation, Microsoft, Optum, Inc., and Oracle Corporation. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.
For Purchase Enquiry:
https://www.alliedmarketresearch.com/purchase-enquiry/2308
Key Findings of the Big Data Analytics in Healthcare Market:
- By component, services segment is expected to exhibit significant growth in the global big data analytics in healthcare market during the forecast period.
- In 2017, the on-premise segment accounted for the highest revenue in the deployment type category.
- Based on application, the clinical analytics segment generated the highest revenue in 2017.
- Based on end user, hospitals & clinics segment generated the highest revenue in 2017.
- Based on region, North America dominated the overall big data analytics in healthcare market share in 2017.
Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Similar Report:
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research