The global big data analytics in healthcare market is expected to witness a high growth rate during the forecast period, owing to a rise in ICT expenditure by governments in several developed and the developing regions including North America, Europe, and Asia-Pacific. In addition, surge in digitalization of medical procedures and demand for analytic solutions to derive patient-centric insights on treatment procedures are anticipated to fuel the big data analytics in healthcare market growth. However, security concerns over patient information among end users and slow adoption of healthcare analytic solutions in the underdeveloped regions, including Latin America and Africa, obstruct the big data analytics in healthcare market growth.
The global big data analytics in healthcare market is segmented based on solution, deployment, end user, and geography. Based on solution, it is categorized into software and service. Considering deployment, it is bifurcated into on-premise and cloud deployment. Based on end user, it is divided into hospitals & clinics, finance & insurance agencies, and research organizations. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is expected to hold a major share of the market share due to advancements in IoT and increase in the demand for analytical models on patient information for better service delivery.
The key players that operate in the big data analytics in healthcare market include Microsoft Corporation, Oracle Corporation, Cisco Systems Inc., SAS Institute Inc., IBM Corporation, Cognizant, Health Catalyst, Medeanalytics, Inc., McKesson Corporation, and Vizient, Inc. These players have adopted strategies such as geographical expansion, mergers & acquisitions, product portfolio expansion, and collaborations to enhance their penetration in the global big data analytics in healthcare market.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth market analysis of big data analytics in healthcare globally, outlining the current trends, key driving factors, and potential areas for product investments.
Key players are analyzed with respect to their primary offerings, recent investments, and future developmental strategies.
A holistic approach of segmentation is carried out through an in-depth market study and discussions with several industry experts globally.
The report provides highlights of the top investment pockets, key impacting factors, and winning strategies for the global big data analytics in the healthcare market.
Market share of the key players is derived from a thorough analysis of respective players’ segment revenues and insights from industry leaders through guided discussions.
KEY MARKET SEGMENTS
BY END USER
Hospitals & Clinics
Finance & Insurance Agencies
Rest of Europe
Rest of Asia-Pacific
The key players profiled in the report are as follows:
Cisco Systems Inc.
SAS Institute Inc.
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. RESEARCH METHODOLOGY
1.3.1. Primary research
1.3.2. Secondary research
1.3.3. Analyst tools and models
1.3.4. Market segmentation
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top winning strategies
3.2.2. Top investment pockets
3.2.3. Top impacting factors
126.96.36.199. Surge in the demand for analytics solutions for citizen health management
188.8.131.52. Increase in the adoption of cloud analytics among several end users
184.108.40.206. Growing need for business intelligence to optimize health administration and strategy
220.127.116.11. Lack of IT infrastructure in underdeveloped nations
18.104.22.168. Growing inclination towards cloud-based analytics solutions
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Competitive rivalry
3.4. PLAYER POSITIONING
3.5. MARKET DYNAMICS
22.214.171.124. Surge in the demand for analytics solutions for citizen health management
126.96.36.199. Increase in adoption of cloud analytics among several end users
188.8.131.52. Growing need for business intelligence to optimize health administration and strategy
184.108.40.206. Growth in IoT adoption across several industry verticals
220.127.116.11. Lack of IT infrastructure in underdeveloped nations
18.104.22.168. Growing inclination towards cloud-based analytics solutions
22.214.171.124. Surge in the adoption of big data analytics among user groups
CHAPTER 4 GLOBAL BIG DATA ANALYTICS IN HEALTHCARE MARKET, BY SOLUTION
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
CHAPTER 5 GLOBAL BIG DATA ANALYTICS IN HEALTHCARE MARKET, BY DEPLOYMENT
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast
CHAPTER 6 GLOBAL BIG DATA ANALYTICS IN HEALTHCARE MARKET, BY END USER
6.2. HOSPITALS AND CLINICS
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast
6.3. FINANCE & INSURANCE AGENCIES
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast
6.4. RESEARCH ORGANIZATIONS
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast
CHAPTER 7 BIG DATA ANALYTICS IN HEALTHCARE MARKET, BY REGION
7.2. NORTH AMERICA
7.2.1. Key trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
7.3.8. Rest of Europe
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
7.4.8. Rest of Asia-Pacific
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast
7.5.4. Latin America
7.5.5. The Middle East
CHAPTER 8 COMPANY PROFILES
8.1. CISCO SYSTEMS INC.
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.1.5. Key strategic moves & developments
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves & developments
8.3. HEALTH CATALYST
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Business performance
8.3.5. Key strategic moves & developments
8.4. IBM CORPORATION
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Business performance
8.4.5. Key strategic moves & developments
8.5. MCKESSON CORPORATION
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.5.5. Key strategic moves & developments
8.6. MEDEANALYTICS, INC.
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Business performance
8.6.5. Key strategic moves & developments
8.7. MICROSOFT CORPORTION
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Business performance
8.7.5. Key strategic moves & developments
8.8. ORACLE CORPORATION
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.8.5. Key strategic moves & developments
8.9. SAS INSTITUTE INC.
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Business performance
8.9.5. Key strategic moves & developments
8.10. VIZIENT, INC.
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Business performance
8.10.5. Key strategic moves & developments
The service market in solution segment, including professional and managed services, is expected to witness high demand, due to increase in need to manage data throughout the lifespan, from conception and storage to data analysis at the point of requirement. Moreover, cost savings on total cost of ownership through cloud deployment fuels the big data analytics in healthcare market growth.
North America was the largest market in 2016, owing to growth in demand for predictive analytics on people healthcare management and efficient diagnostic outcomes. In addition, growth in adoption of big data analytics in healthcare solutions in Europe is observed due to surge in the demand for pattern recognition of medical procedures, diseases, and their origins. The trend of strong cloud adoption in these developed regions has accelerated the growth of the big data analytics in healthcare market.
The cloud deployment segment is expected to grow at the highest CAGR during the forecast period, owing to greater prospect to facilitate real business value to the organization through reduced cost and improved ability to focus on innovation and differentiation. In addition, direct IT control, internal data delivery & handling, faster data processing, efficient resource utilization, and cost-effectiveness of cloud deployment are some of the advantages offered by this model, which is anticipated to boost the big data analytics in healthcare market growth.
The key players profiled in the study are Microsoft Corporation, Oracle Corporation, Cisco Systems Inc., SAS Institute Inc., IBM Corporation, Cognizant, Health Catalyst, Medeanalytics, Inc., McKesson Corporation, and Vizient, Inc. All these players are involved in competitive strategies including analytics innovation, business expansion, and partnership to augment the growth of the global big data analytics in healthcare market.
Key Findings of the Big Data Analytics in Healthcare Market:
Cloud deployment is anticipated to grow at highest CAGR of 19.7% from 2017 to 2023.
North America generated the highest revenue in 2016, valued at $6,121 million.
Europe dominated the market, in terms of growth, during the forecast period.
U.S. led in terms of big data analytics in healthcare market in 2016. In addition, Canada, UK, China, Japan, and the other emerging markets are estimated to provide significant opportunities for major players.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.