Big Data in Healthcare Market: By Components and Services (Components, Software Type, Software Deployment Type), By Analytic Service (Predictive Analytics, Descriptive Analytics, Prescriptive Analytics, Diagnostic Analytics), and By Application (Clinical Analytics, Operational Analytics, Financial Analytics) - Forecast 2027

ID: VPR/HC/1271 Publishing Year: November 2021 Pages: 270 Format:   


Big Data in Healthcare Market Overview:

Global Big Data in Healthcare Market was valued at $ 23.67 billion in 2020 and is expected to reach $ 68.91 billion by 2027, registering a CAGR of 16.49% from 2021 to 2028.

The increasing use of big data in healthcare has the potential to transform the sector, allowing it to shift from a fee-for-service to a value-based care model. The Big Data in Healthcare Market application includes increasing diagnostic services, keeping patients healthy, and lowering overall costs.

The use of big data in healthcare is expected to be motivated by a mix of social media and current customer information. In the forecast period, the introduction of new marketing strategies to generate revenue is expected to drive the Big Data in Healthcare Market. Unstructured data in the healthcare industry is expected to drive the Big Data in Healthcare Market. 

Healthcare professionals may offer far more accurate and customized treatment because of Big Data. There are data analytics technologies that can help with clinical assistance, cost of care assessment, and managing at-risk patient populations. The market has the ability to anticipate future pandemic outbreaks, avoidable illnesses, and improve the overall quality of life.

Key Players:

  • COGNIZANT
  • EPIC SYSTEM CORPORATION
  • CERNER CORPORATION
  • DELL
  • SIEMENS
  • PHILIPS
  • XEROX
  • GE HEALTHCARE
  • OPTUM

Impact of COVID-19 on Big Data in Healthcare Market

While many sectors have suffered significant losses as a result of the COVID-19 outbreak and subsequent shutdown, the big data industry in healthcare has remained robust and showed consistent development. A growing number of healthcare professionals and institutions to assess the SARS-CoV-2 pandemic’s condition, as well as its economic effect, is using big data.

Market Segmentation:

By Components and Services

  • Components
  • Software Type
  • Software Deployment Type

By Analytic Service

  • Predictive Analytics
  • Descriptive Analytics
  • Prescriptive Analytics
  • Diagnostic Analytics

By Application

  • Clinical Analytics
  • Operational Analytics
  • Financial Analytics

By Region

  • North America
  • Europe
  • Latin America
  • APAC
  • Middle East and Africa

Regional Analysis

North America has been reaping the advantages of big data in healthcare while also embracing AI and IoT at a fast pace. The need for big data analytics for population health management has risen significantly in recent years, and the growing eHealth trend is also helping to boost the industry. The European market is the second-best performer. Healthcare suppliers are adopting big data solutions in response to the growing frequency of digitalization, with a particular emphasis on minimizing clinical mistakes. Given the growing number of pharmaceutical companies in Europe with large quantities of unstructured data from which they hope to get valuable insights, sentiment analysis utilizing big data in the healthcare sector is a rapidly developing area in the market.



Frequently Asked Questions
Big Data in Healthcare Market is predicted to grow at 16.49% through forecast period of 2020-2027
By 2027, worth USD 68.91 Billion is estimated for the global market.
In the forecast period, the introduction of new marketing strategies to generate revenue is expected to drive the Big Data in Healthcare Market. Unstructured data in the healthcare industry is expected to drive the Big Data in Healthcare Market
COGNIZANT, EPIC SYSTEM CORPORATION, CERNER CORPORATION, DELL, SIEMENS, PHILIPS, XEROX, GE HEALTHCARE and OPTUM

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