Global Big Data Analytics in Healthcare Market Revealing Key Drivers, Growth, Trends, Demand through 2026

A new report collated by Fact.MR projects the global big data analytics in healthcare market to exhibit a high double-digit CAGR through the forecast period 2017 to 2026. Over US$ 45,000 Mn revenues will be reaped from worldwide sales of big data analytics in the healthcare sector by 2026-end.

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The report offers an overview of the global big data analytics in healthcare market. This comprises an introduction to the market, along with a standard definition of the product – big data analytics in healthcare. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global big data analytics in healthcare market, the report provides updates about market opportunities, which can benefit leading manufacturers of big data analytics in healthcare. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for big data analytics in healthcare manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.

Key Takeaways from Fact.MR’s Report on Big Data Analytics in Healthcare Market
1) Asia-Pacific excluding Japan (APEJ) is anticipated to remain the fast-expanding as well as the most remunerative market for big data analytics in healthcare. North America and Europe will also remain lucrative regions for expansion of the market, with revenues projected to increase at an approximately equal CAGR through 2026. The markets in Latin America and Japan will reflect a relatively higher CAGR than those in North America and Europe, although accounting for relatively lower revenues during the forecast period.
2) Healthcare provider is expected to remain the dominant spender in the global big data analytics in healthcare market. However, revenues from healthcare payer will increase at a significantly higher CAGR than those from healthcare provider during 2017 to 2026.
3) CRM analytics is expected to remain preferred among tools for big data analytics in healthcare, followed by financial analytics and production reporting. Sales of visual analytics will exhibit the fastest expansion through 2026, based on tool type.
4) Access operational information is anticipated to remain the largest application of big data analytics in healthcare, in terms of revenues.
5) Although on-premises deployment will remain sought-after in the market, sales of cloud-based deployment will register a relatively faster expansion through 2026.

APEJ to be Fastest Expanding Market for Big Data Analytics in Healthcare during 2017-2026
Asia-Pacific excluding Japan (APEJ) is expected to remain the fast-expanding market for big data analytics in healthcare. North America is also expected to showcase a promising growth in the market, which can be mainly attributed to big data initiatives of the federal government. Initiatives such as HITECH Act are promoting big data and reducing healthcare expenses in North America. Europe will also account for a major portion of the market’s revenue share during the forecast period.

On the back of rising pressure of curbing healthcare costs, growing adherence toward electronic health records (EHRs), emphasis on improving patient outcomes and reducing hospital readmission rates have spurred the adoption of CRM analytics tool. CRM analytics will remain the most lucrative tool in the market, followed by financial analytics, production reporting, and supply chain analytics, which are increasingly adopted for complying with federal mandates regarding ICD-10 code sets’ implementation.

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Competition Tracking
Competition in the global big data analytics in healthcare market is expected to intensify on the back of mergers and partnerships between prominent players. https://www.factmr.com/report/369/big-data-analytics-healthcare-marketKey market players identified by the report include IBM Corporation, OptumHealth Care Solutions, Microsoft Corp, McKesson, MedeAnalytics, Verisk Analytics, Allscripts Healthcare Solutions, Oracle Corp, Zephyr Health, Cisco Systems Inc., Infosys, SAS Institute, Alteryx, SAP SE, and Denodo Technologies Inc.

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This release was published on openPR.