Worldwide Big Data in Healthcare Market 2018 Players Overview by Size and Shares Forecasts Till 2022 | Market Research Future
Aug 7, 2018
The Global Big Data in Healthcare Market has been segmented on the basis of components and services. The components are segmented into hardware and software type. The hardware segment is further sub-segmented into routers firewalls, VPN and more.
Pune, India - August 7, 2018 /MarketersMedia/ —
Global Big Data in Healthcare Market:
Big data provides insights to improve learning outcomes of research by comparing different data sets and thus helps researchers to understand pattern and make predictions. Other advantages are the competitive advantage by combining data from social media and existing customer records to target customers for pricing and promotional strategies and to prepare themselves for the future demand which is possible by analyzing customer data in real time which introduces new capabilities such as location based services and new marketing campaigns to increase revenue, analytics for a deeper level of customer Big data analytics in pharmaceutical manufacturing will also help to better the forecast production demand, understand the plant’s performance, and provide faster support services to the customers. Manufacturers are able to view product quality and observe a machine’s performance in real time.
In healthcare, big data has added benefits such as patient safety. Data from the U.S. healthcare systems alone has reached 150 Exabyte in 2011. Big data in healthcare is overwhelming not only because of its volume but also because of its diversity (clinical and financial). With understanding about the trends and the patterns within the data, healthcare systems can improve quality care of patients and curb healthcare costs.
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Key Findings:
In 2015, analytical services generated the largest revenue of $ 4.63 billion by components and services
Hardware segment generated highest revenue of $775.26 million in 2015 from the North American region because of the incorporation of federal mandatory acts such as HIPAA and HITECH to safeguard protected health information in North America
North America accounted for largest revenue of $ 1,317.76 million for healthcare software for big data analytics in 2015, by geography
Global Big Data in Healthcare Market Report: Market Segmentation
The Global Big Data in Healthcare Market has been segmented on the basis of components and services. The components is segmented into hardware and software type. The hardware segment is further sub-segmented into routers firewalls, virtual private network (VPN), data storage (data centers/storage on premise, storage on cloud/storage on demand), email servers, and wireless and access points. The software type is sub-segmented into electronic health record software (EHR), practice management software, revenue cycle management software, workforce management software, and others. The software deployment type is sub segmented into software on premise and software on demand.
On the basis of analytic service type, the market is segmented into descriptive analytics, predictive analytics, and prescriptive analytics. On the basis of analytic service applications, the market is segmented into clinical data analytics, financial analytics, and operational analytics. The clinical data analytics is sub-segmented into quality care, population health management, clinical decision support, precision health, and reporting & compliance. The financial analytics is sub-segmented into claims processing, revenue cycle, management, and risk assessment. The operational analytics is sub-segmented into workforce analytics and supply chain analytics.
Regional analysis
The Americas holds a significant market share owing to extensive use of information technology and high expenditure on the health care. Additionally, the fastest uptake of new technology and the presence and concentration of big data companies in the healthcare of the US regions drive the global big data in healthcare market.
North America lead the global big data in healthcare market with revenue of $ 4.61 billion in 2015.
Europe is the second largest market in the globe due to a high expenditure and need to curb rising healthcare costs.
Asia Pacific region is expected to grow rapidly; China and India are likely to lead the market due to unmet needs during the forecasted period. APAC is expected to grow at a higher CAGR of 24.75% than the other regions because of increasing clinical trials and ageing population in this region.
Gulf nations such as Saudi Arabia and the UAE drive the Middle East & African market. The African region is expected to witness a moderate growth owing to poor economic and political conditions and poor healthcare development.
Key Players in the Global Big Data in Healthcare Market
Some of key players profiled in the report are Cerner Corporation, Cognizant, Dell, GE Healthcare, Mckesson, Optum, Philips, Siemens, Xerox and others.
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Source: MarketersMedia
Release ID: 390101
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