With 19.2% CAGR, Global Big Data Analytics In Healthcare Market Is Reaching A Value of US$ 194.7 Billion by 2032

The global big data analytics in healthcare market is expected to be worth US$ 39.7 billion in fiscal year 2022, up from US$ 33.8 billion in fiscal year 2021. From 2022 to 2032, the market is expected to grow at a 19.2% CAGR, reaching a value of US$ 194.7 billion by the end of 2032.

According to the current situation, the worldwide big data analytics industry accounts for almost 14.2% of the healthcare sector, as per Fact. MR, a market research and competitive intelligence provider.

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Competitive Landscape

In order to give better services as well as care solutions to healthcare professionals and institutions, key market players are continually developing and introducing new technological methods to more accurately interpret data obtained from patient information, analyze the growth and containment of various diseases, etc. The development of new platforms to better interpret and analyze data has also been facilitated by the usage of big data analytics with AI.

• In 2021, the U.S.-based healthcare company Swedish Health Services created a platform where healthcare professionals may provide real-time insights on the COVID-19 patient numbers and other factors to monitor the condition of facilities throughout hospitals.

• In 2022, Zephyr AI, a health IT behemoth, raised $18.5 million in seed funding to accelerate precision medicine & drug development via machine learning and large data sets. Lerner Group Investments LLC and M-Cor Holdings led the $18.5 million round, which also included AME Cloud Ventures, Allen Y Chao, BoxGroup, Roger W. Ferguson, MedStar Health, Verily, Steve Oristaglio, as well as other significant investors. This successful investment round demonstrates investors' combined belief in Zephyr AI's world-class machine learning and future in big data analytics as a much larger company.

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Key Companies Profiled

• IBM Corporation
• OptumHealth Care Solutions
• Microsoft Corp
• McKesson
• MedeAnalytics
• Verisk Analytics
• Allscripts Healthcare Solutions
• Oracle Corp
• Zephyr Health
• Cisco Systems Inc.
• Infosys
• Swedish Health Services

Key Segments Covered In the Big Data Analytics in Healthcare Market Report

• By Spender :

o Healthcare Payer
o Healthcare Provider

• By Tool :

o Data Warehouse Analytics
o Financial Analytics
o Production Reporting
o Crm Analytics
o Predictive Analytics
o Visual Analytics
o Risk Management Analytics
o Supply Chain Analytics
o Test Analytics

• By Application :

o Access Clinical Information
o Access Operational Information
o Access Transactional Data
o Other Applications

• By Deployment :

o Cloud-based
o On-premises

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Questionnaire answered in the Big Data Analytics In Healthcare Market report include:

• How the market for Big Data Analytics In Healthcare has grown?
• What is the present and future outlook of the global Big Data Analytics In Healthcare on the basis of region?
• What are the challenges and opportunities for the Big Data Analytics In Healthcare?
• Why the consumption of Big Data Analytics In Healthcare highest in region?
• In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Big Data Analytics In Healthcare market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Big Data Analytics In Healthcare market, thus, making it different and special from other reports.

• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Big Data Analytics In Healthcare market and assists to create strategies to overcome the obstacles that may hinder the growth of the Big Data Analytics In Healthcare market.

• Leverage: The Big Data Analytics In Healthcare market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.

• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Big Data Analytics In Healthcare market.

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