Big Data Analytics in Healthcare Market Overview Includes Industry Trends Analysis for the Assessment Period from 2017 to 2026

Dublin, Ireland, 2018-Aug-03 — Growth of the global big data analytics in healthcare market is anticipated to remain influenced by a slew of factors including surging government initiatives for increasing EHR adoption, rising pressure to curtail healthcare costs, soaring availability of big data in healthcare, growing venture capital investments, increasing focus to improve patient outcomes, and soaring technological advancements. This FactMR report analyzes the expansion of global Big Data Analytics in Healthcare Market till date, and provides key insights on the growth of the market during the forecast period, 2017-2022.

The scope of FactMR’s report is to analyze the global big data analytics in healthcare market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global big data analytics in healthcare market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to big data analytics in healthcare.

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Big data analytics (BDA) is a combination of data management tools, techniques, and application for effectively analysing big data sets, in order to derive information on business processes and customer interactions. Big data analytics can process both structure as well as unstructured data obtained from various sources.

Big data analytics has paved a new path for healthcare organizations to devise actionable insights, boost up the outcomes, reduce time to value, and organize their future vision. This approach has been deemed helpful in providing insightful information to healthcare enterprises with regard to their planning, measurements, and management. The evaluated results further help in enhancing decision making capacity of these enterprises. By recording disease outbreaks and analyzing disease patterns, big data analytics approach can improve public health issues. Large quantity of data help in determining needs, offering required services, and predicting & preventing future crises. Big data analytics approach also helps in evaluating standard medical data, structured or unstructured, for predicting patients at risk and providing them with effective care.

Drive toward electronic medical records, coupled with favorable government policies has further driven the adoption of big data analytics in healthcare sector. However, majority of medical professionals lack the skill set needed for leveraging information offered by the big data analytics, which continues to be a major restraint for growth of the market. Government and healthcare organizations are therefore focusing on proper training of professionals for making them capable of utilizing the data obtained in a meaningful manner for better drafting of healthcare policies and improving patient outcomes.

FactMR’s recently compiled report estimates the global market for big data analytics in healthcare to register an outstanding expansion during the forecast period (2017-2026). Revenues from global sales of big data analytics in healthcare sector are estimated to exceed US$ 45,000 Mn by 2026-end.

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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.

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. New marker entrant face barriers such as high deployment cost, and find it difficult to cope up with well-established players in terms of innovation and quality. Key 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.

Table of Contents

1. Global Economic Outlook
2. Global Big Data & Analytics in Healthcare Market – Executive Summary
3. Global Big Data & Analytics in Healthcare Market Overview

3.1. Introduction

3.1.1. Global Big Data & Analytics in Healthcare Market Taxonomy

3.1.2. Global Big Data & Analytics in Healthcare Market Definition

3.2. Global Big Data & Analytics in Healthcare Market Size (US$ Mn) and Forecast, 2012-2026

3.2.1. Global Big Data & Analytics in Healthcare Market Y-o-Y Growth

3.3. Global Big Data & Analytics in Healthcare Market Dynamics

3.4. Value Chain

3.5. Architecture of Big Data Analytics

3.6. Modern Data Platform (Technology Roadmap)

3.7. Integration of Data Sets for Major Opportunities

3.8. Client Survey about Deployment of Big Data & Analytics Technology

3.9 Four Dimensions (4 V’s) of Big Data

3.10. Outline of Big Data Analytics in Healthcare Methodology

3.11 Global Healthcare Spending of Top 10 Countries

3.12 United States Healthcare Spending by type of services/products & Major source of Funds, 2016

3.13. Key Participants Market Presence (Intensity Map) By Region

Continued…………………………..

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