Big Data in Healthcare Market Key Players Analysis - Allscripts Healthcare Solutions, Inc., Aetna, Inc., Cerner Corporation, Cognization Technology Solutions Corporation, Computer Programs and Systems.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Big Data in Healthcare Market- by Component and Services (Hardware (Data Servers And Storage, Servers, and Networking), Software (Electronic Health Records, Practice Management Software, Revenue Cycle Management Software, and Workforce Management Software), and Analytical Services (Descriptive Analytics, Prescriptive Analytics, and Predictive Analytics)) Application (Clinical Data Analytics (Quality Care, Population Health Management, Clinical Decision Support, Precision Medicine, and Reporting Compliance), Financial Analytics (Claims Processing, Revenue Cycle Management Software, and Risk Assessment), and Operational Analytics (Workforce Analytics and Supply Chain Analytics)), Delivery Model (On-Demand and Cloud), Healthcare Vertical (Pharmaceutical, Medical Devices, Healthcare Services, and Other Verticals), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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According to the latest research by InsightAce Analytic, the global Big Data in Healthcare market is valued at US$ 22.02 Billion in 2021, and it is expected to reach US$ 84.5 Billion by 2030, with a CAGR of 16.20% during a forecast period of 2022-2030.

Big data encompasses large volumes of structured and unstructured data that can be analyzed to uncover patterns and trends for future applications. In the healthcare sector, big data refers to analytical services, including prescriptive, predictive, and descriptive analytics, which are used to evaluate patient information and enhance the profitability and efficiency of healthcare organizations' business operations. It supports healthcare service providers in improving productivity and financial performance through advanced data-driven insights.

The growing demand for high-quality healthcare services is a key driver of market expansion, particularly due to the increasing volume of complex and heterogeneous data in various formats. The adoption of big data analytics in healthcare is being fueled by the need to analyze and manage large datasets collected from patient biological information and electronic health records. Additionally, the COVID-19 pandemic has accelerated the need for innovative technologies and advancements in public health and wellness, thereby driving the market for big data analytics in healthcare. Advancements in fields such as proteomics, epigenomics, transcriptomics, metabolomics, genomics, and pharmacogenomics are further contributing to market growth by enhancing the scope and accuracy of patient care. Over the forecast period, the increasing demand for predictive models using big data analytics is expected to remain a significant market driver.

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North America is projected to remain a major contributor to the big data healthcare market over the forecast period. As one of the earliest adopters of digitalization, particularly in the healthcare sector, North America generates substantial volumes of unstructured data. The region has effectively leveraged the benefits of big data in healthcare while rapidly adopting artificial intelligence (AI) and the Internet of Things (IoT). The growing demand for big data analytics in population health management, coupled with the emergence of the eHealth trend, has further strengthened the market's position in North America.

Meanwhile, the Asia Pacific big data healthcare market is anticipated to experience significant growth during the forecast period. The increasing penetration of internet and mobile devices has had a substantial impact on the mobile healthcare industry, driving considerable revenue generation. Moreover, the rising adoption of wearable technology and mobile health applications across the region has fueled the demand for big data analytics in the healthcare sector.

Major market players operating in the Big Data in the Healthcare market include eClinicalWorks, DELL, GE Healthcare, Health Catalyst, Epic Systems, IBM Corporation, Siemens Healthineers, Xerox Holdings Corporation, Oracle Corporation, Allscripts Healthcare Solutions, Inc., Aetna, Inc., Cerner Corporation, Cognization Technology Solutions Corporation, Computer Programs and Systems, McKesson Corporation, MedeAnalytics, Inc., Optum, Philips Healthcare, Tableau Software, Inc., Premier, Inc., SAP ERP, SAS, and other.

Recent collaborations and agreements in the market:
• In March 2022, Thailand's government unveiled a big data platform for hospitals. Recently, the National Reform Committee on Public Health collaborated with 12 government entities to use digital technology to raise the standard of healthcare services.
• In November 2021, Nursing personnel will be able to access patient data via their mobile devices thanks to a collaboration between Nordic nursing application expert Medanets and worldwide interoperability company Enovacom. Enovacom's Patient Connect interoperability technology will automatically collect medical device data, which will then be transmitted in real-time to the hospital's electronic health record (EHR) and the Medanets mobile nursing app.

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Market Segments
Global Big Data in Healthcare Market, by Component and Services, 2022-2030 (Value US$ Mn)
• Hardware
o Data and Storage
o Servers
o Networking
• Software
o Electronic Health Records
o Practice Management Software
o Revenue Cycle Management Software
o Workforce Management Software
• Analytics Services
o Descriptive Analytics
o Prescriptive Analytics
o Predictive Analytics
Global Big Data in Healthcare Market, by Application, 2022-2030 (Value US$ Mn)
• Clinical Data Analytics
• Quality Care
• Population Health Management
• Clinical Decision Support
• Precision Medicine
• Reporting Compliance
• Financial Analytics
• Claims Processing
• Revenue Cycle Management Software
• Risk Assessment
• Operational Analytics
• Workforce Analytics
• Supply Chain Analytics
Global Big Data in Healthcare Market, by Delivery Model, 2022-2030 (Value US$ Mn)
• On-Demand
• Cloud
Global Big Data in Healthcare Market, by Healthcare Vertical, 2022-2030 (Value US$ Mn)
• Pharmaceutical
• Medical Devices
• Healthcare Services
• Other Verticals
Global Big Data in Healthcare Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Big Data in Healthcare Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Big Data in Healthcare Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Big Data in Healthcare Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Big Data in Healthcare Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Big Data in Healthcare Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for global Big Data in the Healthcare market
 To receive an industry overview and future trends of big data in the Healthcare market
 To analyze the Big Data in Healthcare market drivers and challenges
 To get information on the Big Data in Healthcare market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Big Data in the Healthcare market industry

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.