Big Data Analytics in Healthcare Market By Solution - Global Opportunity Analysis and Industry Forecast, 2016-2023

  • ID: 4333270
  • Report
  • Region: Global
  • 123 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Cisco Systems Inc.
  • Cognizant
  • Health Catalyst
  • Ibm Corporation
  • Mckesson Corporation
  • Medeanalytics, Inc.
  • MORE
Big data analytics in healthcare is an analytic solution that derives insights on patient information and improves treatment techniques by enabling evidence-based disease prevention modeling and diagnostic analysis. The key players, such as IBM Corporation, Cognizant, Health Catalyst, Medeanalytics, Inc., and others, provide analytic solutions for healthcare end users through innovative analytical solutions such as finance & risk management, population health management, biometric analysis, value-based analytics, and others. In addition, big data analytics optimizes process-oriented expenditures in the healthcare industry by improving the population health, integrating performance modeling with financial and predictive care monitoring, and others. In the recent past, big data analytics in healthcare has changed the business and operation process of end users including hospitals & clinics, insurance agencies, and research organizations by providing solutions on workforce planning, performance management, and patient cost analysis, which in turn is expected to augment big data analytics adoption in the healthcare domain.

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 SOLUTION

Software
Service

BY DEPLOYMENT

On-premise
Cloud

BY END USER

Hospitals & Clinics
Finance & Insurance Agencies
Research Organization

BY GEOGRAPHY

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

The key players profiled in the report are as follows:

Cisco Systems Inc.
Cognizant
Health Catalyst
IBM Corporation
McKesson Corporation
MEDEANALYTICS, Inc.
Microsoft Corportion
Oracle Corporation
SAS Institute Inc.
Vizient, Inc.
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2 of 5

FEATURED COMPANIES

  • Cisco Systems Inc.
  • Cognizant
  • Health Catalyst
  • Ibm Corporation
  • Mckesson Corporation
  • Medeanalytics, Inc.
  • MORE
CHAPTER 1 INTRODUCTION

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

3.2.3.1. Surge in the demand for analytics solutions for citizen health management
3.2.3.2. Increase in the adoption of cloud analytics among several end users
3.2.3.3. Growing need for business intelligence to optimize health administration and strategy
3.2.3.4. Lack of IT infrastructure in underdeveloped nations
3.2.3.5. 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

3.5.1. Drivers

3.5.1.1. Surge in the demand for analytics solutions for citizen health management
3.5.1.2. Increase in adoption of cloud analytics among several end users
3.5.1.3. Growing need for business intelligence to optimize health administration and strategy
3.5.1.4. Growth in IoT adoption across several industry verticals

3.5.2. Restraints

3.5.2.1. Lack of IT infrastructure in underdeveloped nations

3.5.3. Opportunities

3.5.3.1. Growing inclination towards cloud-based analytics solutions
3.5.3.2. Surge in the adoption of big data analytics among user groups

CHAPTER 4 GLOBAL BIG DATA ANALYTICS IN HEALTHCARE MARKET, BY SOLUTION

4.1. OVERVIEW
4.2. SOFTWARE

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. SERVICE

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

5.1. OVERVIEW
5.2. ON-PREMISE

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. CLOUD

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

6.1. OVERVIEW
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

7.1. OVERVIEW
7.2. NORTH AMERICA

7.2.1. Key trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.2.4. U.S.
7.2.5. Canada
7.2.6. Mexico

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
7.3.4. UK
7.3.5. Germany
7.3.6. France
7.3.7. Italy
7.3.8. Rest of Europe

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
7.4.4. China
7.4.5. Singapore
7.4.6. Japan
7.4.7. Australia
7.4.8. Rest of Asia-Pacific

7.5. LAMEA

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
7.5.6. Africa

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. COGNIZANT

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
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FEATURED COMPANIES

  • Cisco Systems Inc.
  • Cognizant
  • Health Catalyst
  • Ibm Corporation
  • Mckesson Corporation
  • Medeanalytics, Inc.
  • MORE
According to a new report by Allied Market Research, titled, Big data Analytics in Healthcare Market by Solution, Deployment, and End User : Global Opportunity Analysis and Industry Forecast, 2016-2023, the global big data analytics in healthcare market was valued at $10,725 million in 2016, and is projected to reach $36,093 million by 2023, growing at a CAGR of 19.1% from 2017 to 2023.

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.
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  • Cisco Systems Inc.
  • Cognizant
  • Health Catalyst
  • Ibm Corporation
  • Mckesson Corporation
  • Medeanalytics, Inc.
  • Microsoft Corportion
  • Oracle Corporation
  • Sas Institute Inc.
  • Vizient, Inc.
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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