North America Big Data Analytics in Healthcare Market is Expected to Generate a Revenue of US$ XX Bn by 2025, Due to Increased Need for Amalgamation of Heterogenous Data

North America Big Data Analytics in Healthcare Market is Expected to Generate a Revenue of US$ XX Bn by 2025, Due to Increased Need for Amalgamation of Heterogenous Data

“The Latin America Big Data in Healthcare Market is anticipated to reach about US$ XX Bn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to an increased demand for amalgamation of heterogeneous data.

Precision Business Insights (PBI) in its report titled “North America Big Data in Healthcare Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

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The North America Big Data Analytics in Healthcare market size was accounted for US$ XX Bn in 2018 and anticipated to account for US$ XX Bn by 2025. Big data analytics in the healthcare market is primarily driven by worldwide escalating demand for financial analytics in healthcare coupled with declining costs and availability of big data software and services. However, the dearth of IT infrastructure in developing countries and higher maintenance costs related to these systems will hinder the market growth. Whereas, growing inclination towards cloud-based analytics solutions and development in IT infrastructure in developing economies will create opportunities for big data analytics in the healthcare market in the coming years.

North America big data in healthcare market segmented on the basis of product type, deployment mode, application, end user, and country.

Clinical Data Analytics Segment Expected to Dominate the Market

Based on application, the healthcare analytics market is segmented into clinical analytics, financial analytics, operational analytics, and population health analytics. In 2019, the clinical analytics segment is expected to grow at the highest CAGR during the forecast period market, primarily due to the growing pressure to curtail healthcare spending, increasing government incentives (especially in the US) for improving quality and reducing the cost of care, growing adoption of EHRs, and rising focus on building patient registries.

North America, Accounts for Major Revenue Share for Big Data Analytics in Healthcare Market

Precision Business Insights (PBI) big data in healthcare market report analyses the market in different regions of North America. According to the regional analysis, North America held the largest market share in 2017 and is a developed regional market for big data analytics in healthcare sector. The large market share is due to the early acceptance of the technology in this region and well-developed healthcare IT infrastructure. Rapid growth is projected in the North American region in the years to come. The U.S. is the dominant market by country in global big data analytics in the healthcare market as well as North American region.

Recent Technological Developments Play Vital Role in North America Big Data Analytics in Healthcare Market

Some of the key players are actively participating in various market strategy to create a strong consumer base and outreach the global market. For instance, October 2017: American Medical Association developed an integrated big data analytics and clinical informatics platform to provide the healthcare data.
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Prominent players in this market include IBM Corporation (US), Optum, Inc. (US), Cerner Corporation (US), SAS Institute, Inc. (US), Allscripts Health Solutions (US), McKesson Corporation (US), MedeAnalytics, Inc. (US), Inovalon (US), Oracle Corporation (US), Health Catalyst (US), SCIO Health Analytics (US), Verscend Technologies, Inc. (US), CitiusTech, Inc. (US), Wipro Limited (India), and VitreosHealth (US).

Detailed Segmentation

By Product Type

o Software
o Hardware
o Services

By Deployment Mode Type

o On-premise
o Cloud

By Application Type

o Clinical Data Analytics
o Operational Analytics
o Financial Analytics

By End User Type

o Hospitals
o Insurance & Finance Agencies
o Research organizations

Geography

o North America
 U.S.
 Canada

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London EC1V 2NX

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