Market Research Report

"Big Data Analytics In Healthcare Industry": Market Study By Components, By Deployment Type , By Applications & By End Users with Regional Outlook & Forecast to 2025

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Market Overview

Major factors driving the growth of big data analytics in healthcare sector includes substantial upsurge in demand for financial analytics in healthcare, increased demand for discovering structured and unstructured data existing in the healthcare industry, declining costs and accessibility of big data software and services, along with augmented adoption of novel technologies for data analytics in healthcare industry transformations, worldwide. Big Data Analytics have already made a significant impact in grounds related to healthcare: medical diagnosis from imaging data in medicine, quantifying lifestyle data in the fitness industry, to mention a few. Further, big data analytics also show tremendous opportunity the field of precision medicines. The organized collection and examination of genetic data coupled with diseases, therapies, and conclusions has the prospective to radically advance the selection of the best treatments, eluding the harming of patients, and the usage of unsuccessful therapies. The accessibility of historical longitudinal patient data regarding environmental exposure and lifestyle would also help to better conclude the (ensemble of) causes initiating the onset of a disease state.

Goldstein Research analyst forecast global big data analytics in healthcare sector is likely to thrive with the emergence of new technologies and surge in digitalization of medical procedures and demand for analytic solutions. Further, the big data analytics in healthcare industry is expected to expand at a CAGR of 18.6% over the forecast period and the major growth regions are likely to be the North America and Europe.

Market Segmentation

By Analytics Type

  • Descriptive
  • Predictive
  • Prescriptive

Based on Components

  • Hardware
  • Software
  • Services

By Deployment Type

  • On-Cloud
  • On-Premises

By Applications

  • Clinical Analytics
  • Financial Analytics
  • Operational and Administrative Analytics
  • Population Health Analytics

By End Users

  • Hospitals & Clinics
  • Finance and Insurance Agencies
  • Research Organizations

By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
  • Europe (UK, France, Italy, Germany, Spain, Sweden, Russia, Netherlands, Norway and Rest of Europe) {Market Share (%), Market Size (USD Billion)} 
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)} 
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)} 
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}

Revenue Share by Analytics Type & by Region

Based on types of analytics type, the descriptive analytics segment is anticipated to account for the largest share of the big data healthcare analytics market. Descriptive analytics arrange the base for the effective application of predictive or prescriptive analytics. Thus, descriptive analytics is projected to continue to dominate the big data analytics in healthcare industry during the forecast period.

Based on geography, North America is expected to dominate the market followed by Europe during the forecast period. The lion share of the North American big data in healthcare industry is attributed to factors such as the growing federal healthcare mandates to control growing healthcare costs and deliver quality care; growing regulatory necessities; rising EHR adoption; and increasing government initiatives aiming on personalized medicine, population health management, and value-based reimbursements.

Covered in this report on Big Data Analytics in Healthcare Industry

The report covers the present ground scenario and the future growth prospects of the big data analytics in healthcare industry for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. Global Big Data Analytics in Healthcare Industry is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Global Big Data Analytics In Healthcare Industry Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Big Data Analytics in Healthcare Industry space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Big Data Analytics in Healthcare Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Key Market Players

Our Global Big Data Analytics In Healthcare Industry Report comprises of the following companies as the key players.

  •  AdvanceMD
  •  Allscripts Healthcare Solutions
  •  Amazon
  •  Apple Inc.
  •  Athenahealth Inc.
  •  BGI (formerly Beijing Genomics Institute)
  •  Bina Technologies Inc. (part of Roche Sequencing)
  •  Cerner Corporation
  •  CLC bio (a Qiagen company)
  •  Definiens
  •  Dell Healthcare and Life Sciences
  •  eClinicalWorks
  •  Google Genomics (Alphabet)
  •  Hewlett Packard
  •  IBM Healthcare
  •  Intel Corporation
  •  Microsoft
  •  Oracle Corporation
  •  SAP SE
  •  Roche Diagnostics
  •  GE Healthcare

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key Questions Answered in this research report

  • What is the total market size by 2025 and what would be the expected growth rate of market?
  • What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

Reasons to buy this market study

  • Facilitate decision-making based on strong historic and forecast data for Big Data Analytics In Healthcare Industry
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the Big Data Analytics In Healthcare Industry’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitors’ business structure, strategy and prospects

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"Big Data Analytics In Healthcare Industry": Market Study By Components, By Deployment Type , By Applications & By End Users with Regional Outlook & Forecast to 2025

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