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Big Data in Healthcare  Market Business Opportunities, Competitive Landscape Top Players are Cerner Corporation, GE Healthcare, IBM Corporation, Allscripts, ETC.

The global Big Data in Healthcare Market is forecasted to be worth USD 78.03 Billion by 2027, according to a current analysis by Emergen Research. An increasing cost of healthcare, a rise in chronic diseases, a growing geriatric population, and a fall in reimbursement cost will propel the demand for the market. Healthcare sectors are under immense pressure to focus on investment improving resource and outcomes management. Deployment of analytical tools, artificial intelligence, and machine learning techniques on the growing amount of data to enhance revenue, reduce healthcare costs, and personalized medicine, which will propel the demand for the market. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period.

A surge in the adoption of healthcare information systems promoting the usage of electronic health records (EHRs) to build a more collaborative research environment will play an important role in the growth of Big Data in the Healthcare market. Moreover, the presence of unstructured data in the healthcare industry is anticipated to drive big data in the healthcare market. The Global Big Data in Healthcare Market studies the market scenario to offer growth projections for the Big Data in Healthcare industry for the forecast period of 2020-2027.

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Advancement in epigenomics, genomics, proteomics, transcriptomics, pharmacogenomics, and metabolomics, coupled with the digitalization of healthcare systems globally, has led to a generation of a vast amount of medical data in different formats. The growing usage of big data analytics in healthcare provides new opportunities for providing the analytical capability for reducing waste, care, medicines, and research and development. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline.

Top competitors of the Big Data in Healthcare Market profiled in the report are Cerner Corporation, GE Healthcare, IBM Corporation, Allscripts, DELL EMC, Microsoft Corporation, Optum Inc., Oracle Corporation, Cognizant, and Mckesson, among others.

Key Highlights From The Report

In October 2020, Wuhan Run He De Kang (RHDK) and Bianjie partnered to implement a blockchain technology-enabled “Epidemic Early Warning System” to help fight against the Covid-19 virus. Wuhan RHDK is a healthcare-focused Big Data firm established in 2017 to focus on creating advanced medical healthcare and safety risk management system.

The software segment held the largest share due to the growing need for analysis of electronic patient data, which is increasing at a rapid pace. By leveraging the appropriate software tools, big data is propelling the movement toward value-based healthcare, which is opening the door to innovative advancements while reducing the costs.

Uptime is very crucial in the healthcare industry, and they cannot afford to have the system go down, which will propel the demand for the on-premises segment. On-premises storage does not require a wireless internet connection to collect medical data, which makes it less risky.

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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.

For the purpose of this report, Emergen Research has segmented into the global Big Data in Healthcare Market on the basis of component, deployment, analytics type, application, end-user, and region:

Component Outlook (Revenue, USD Billion; 2017-2027)

Software

Services

Deployment Outlook (Revenue, USD Billion; 2017-2027)

On-Premises

Cloud

Analytics Type Outlook (Revenue, USD Billion; 2017-2027)

Predictive Analytics

Descriptive Analytics

Prescriptive Analytics

Diagnostic Analytics

Application Outlook (Revenue, USD Billion; 2017-2027)

Clinical Analytics

Financial Analytics

Operational Analytics

End-User Outlook (Revenue, USD Billion; 2017-2027)

Hospitals and Clinics

Finance and Insurance Agents

Research Organization

Big Data in Healthcare Market Segmentation by Regions:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Table of Content

Chapter 1. Methodology & Sources

Big Data in Healthcare Market Definition

Research Scope

Methodology

Research Sources

Primary

Secondary

Paid Sources

Big Data in Healthcare Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Big Data in Healthcare Market Segmentation & Impact Analysis

4.1. Big Data in Healthcare Market Material Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Big Data in Healthcare Market indicators analysis

4.2.2. Big Data in Healthcare Market drivers analysis

4.2.2.1. Rapid urbanization and industrialization

4.2.2.2. Stringent government regulations regarding carbon emissions

4.2.2.3. Increasing prevalence of respiratory diseases

4.2.2.4. Rising need to enhance indoor air quality

4.2.3. Big Data in Healthcare Market restraints analysis

4.2.3.1. High cost associated with the maintenance of Big Data in Healthcare products

4.2.3.2. Availability of renewable sources of energy

4.3. Technological Insights

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.6. Competitive Metric Space Analysis

4.7. Price trend Analysis

4.8. Covid-19 Impact Analysis

Continued….

Key Objectives of the Report:

Analysis and estimation of the Big Data in Healthcare Market size and share for the projected period of 2020-2027

Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments

Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape

Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Big Data in Healthcare Market

Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

Key Questions Addressed in the Report:

What are the key applications of  Big Data in Healthcare Market?

Which segment is expected to garner traction during the coming years?

What are the key strategies adopted by leading players in the market?

Which region is expected to dominate the market in the coming years?

Who are the leading players in the Big Data in Healthcare Market industry?

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