Big Data Market in Healthcare Introduction
Growth in penetration of IoT enabled devices among healthcare organizations across the globe are directly resulted into exponential growth in the volume of data generation. This number is set to grow further as connectivity service such as the Internet is becoming more affordable and accessible. Healthcare organization are aimed at analyzing the huge volume of unstructured data gleaned from different data sources to move towards evidence-based health care and achieve a complete view patient information to eliminate redundant and expensive testing.
The rise in penetration of connected devices, increase in need for improving patient care, and maximize return on investment (ROI) are anticipated to boost the adoption of big data software and services in the healthcare sector. In contrast, security risk associated with the adoption of cloud big data solutions, interoperability challenges, and lack of technological awareness among healthcare organization especially in developing countries are anticipated to hinder the growth of the big data market in healthcare sector during the forecast period.
Major segments analyzed in the big data market in healthcare are offering, end user, and organization size. Based on offering, the market bifurcated into services, software, and infrastructure. The service segment is further bifurcated into outsourcing, consulting, implementation & integration, repair & maintenance, and other support services. The software segment includes application software, analytics software, and information management software. The infrastructure sub-segment is categorised into cloud infrastructure, networking storage, and server. Based on end user, the big data market in healthcare sector is segmented into hospitals and clinics. By organization size, the market is bifurcated into small, medium and large organizations.
Key regions covered in this report are North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East and Africa. Developed countries such as U.S., Germany, and UK are focused towards increasing their expenditure on enhanced cloud-based data analytics and data-driven intervention platforms to improve patient care and meet regulatory compliance.
Big Data Market in Healthcare Competitive Landscape
Adoption of advanced big data solutions is empowering healthcare organizations to democratize healthcare analytics, extract real-time operational intelligence from patient opinion, and enhance patient care by developing fully integrated and comprehensive suite of healthcare data warehousing. Key and emerging players analyzed in the big data market in healthcare are Apervita, Binary Fountain Software, Datawatch Corporation, GNS Healthcare, NextHealth Technologies, ZirMed, RCG Global Services, Inovalon, MedeAnalytics, and CitiusTech.
Major Regions/Countries include:
- North America
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on big data market in healthcare would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.