Big Data in Healthcare Market Consumption Analysis, Business Overview and Upcoming Trends 2031Posted by BIS Reports on February 9th, 2023 Big data is one of the subjects of interest since it has the potential to transform modern healthcare. The technology has grown substantially over the last two decades. Many healthcare companies have begun to leverage big data for a variety of applications, such as developing products, improving patient outcomes, and driving innovation, among others. The use of big data in healthcare for areas such as cardiovascular health can lead to savings worth billions of U.S. dollars every year. The data generated on a regular basis contain mostly unstructured formats, i.e., they are not arranged or curated according to a pre-existing data model and, therefore, pose challenges during analysis. The industry perception is that nearly 80% of the big data in healthcare is unstructured, rendering only about 20% eligible for analysis. Theglobal big data in healthcare marketis projected to reach0.13 billionin terms of revenue by 2031 at a CAGR of 13.96%, reveals the premium market intelligence study by BIS Research. There are potential barriers to the implementation of big data in healthcare. It is expected that the industry will circumvent most of these in the future. Faster implementation of regulations and policies can go a long way in ensuring rapid adoption of data-driven healthcare technologies. The detailed study is a compilation of 18 Market Data Tables and 154 Figures spread through 210 Pages and in-depth TOC on"Global Big Data in Healthcare Market Analysis and Forecast, 2022-2031" USP of the Report This extensive report can help in the following ways:
Impact of COVID-19 on the Global Big Data in Healthcare Market The global big data in healthcare market has been a growing market before the COVID-19 pandemic began. The big data volume increased due to the demand for easy inter-organizational data sharing. Furthermore, the fast growth in hospital information systems led to an influx of a host of variations in terminology, use of non-standard terms, and incorrect descriptions, making it difficult to reconcile data across different systems data. The pandemic, however, aided in accelerating the demand for data-driven decision-making. It also led to an increase in the pool of data sources as the demand for connected devices and wearables also increased due to the growth in the number of health-conscious individuals. Market Segmentation • By Components and Services - Hardware, Software, and Analytics Services • By Use Case - Clinical Data Analytics, Financial Analytics, and Operational Analytics • By End Users - Professional Healthcare Settings, Healthcare Companies and Consultancies, Government Agencies/Bodies, Finance and Insurance Agencies, and Academic and Research Institutes • By Mode of Deployment - On-Premise and Cloud-and Web-Based Regional Segmentation • North America - U.S. and Canada • Europe - Germany, U.K., France, Italy, Spain, and Rest-of-Europe • Asia-Pacific - Japan, China, India, Australia, and New Zealand, and Rest-of-Asia-Pacific • Rest-of-the-World - Latin America, Middle East, and Africa Analyst's Take on the Market: According toSwati Sood, Principal Analyst, BIS Research,"Big data has been at the center of innovation related to COVID-19 treatments during 2020 and 2021. Established players, emerging startups, hospitals, and research facilities have used big data to solve the The demand for real-world evidence grew significantly during the COVID-19 pandemic phase. The pandemic became a strong use case for big data in healthcare and many companies were involved in big data analytics for the same " View the reportfrom BIS Research onGlobal Big Data in Healthcare Market Key Companies Operating in the Market and Competition Landscape Some key players operating in the market include Active Health Management, Allscripts Healthcare Solutions, Inc., Cerner Corporation, Epic Systems Corporation, eClinical Works, General Electric Company, Siemens Healthineers AG, MedeAnalytics, Inc., Verana Health, ConcertAI, LynxCare, Abacus Insights, Milagro AI, Datavant, and Clarify Health Solutions. Who Should Buy This Report? The report will be most beneficial for vendors in big data in healthcare market. Key Questions Answered in the Report:
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