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Healthcare Big Data Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • ID: 4856240
  • Report
  • October 2019
  • Region: Global
  • 104 pages
  • IMARC Group
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FEATURED COMPANIES

  • Cerner
  • Cotiviti
  • Hewlett-Packard
  • Koninklijke Philips
  • Optum
  • SCIO Health Analytics
  • MORE
The global healthcare big data analytics market was worth US$ 19.6 Billion in 2018. Big data analytics is a type of advanced analytics which consists of a set of statistical algorithms and predictive models supported by high-performance analytics systems. With high-powered computing systems, these solutions offer several business benefits in the healthcare industry such as effective marketing, new revenue opportunities, better operational efficiency and improved patient care. At present, various healthcare organizations ranging from multi-provider groups and single-physician offices to large hospital networks are increasingly adopting big data analytics. This rise can be attributed to the multiple advantages of this service which include detecting healthcare fraud quickly and efficiently, and analyzing clinical trials and patient records.

In the coming years, the existing healthcare data volume is expected to grow significantly owing to the rapid change in healthcare reimbursement models. Owing to this, organizations in the industry are leveraging big data analytics to reduce inefficiency in clinical operations, research and development, and public healthcare. In clinical activities, these solutions help in conducting comparative effectiveness research for defining more cost-effective and clinically relevant ways for diagnosing and treating patients. Similarly, in research and development, big data analytics enables operators to create predictive models for lowering attrition and producing more targeted R&D pipeline in drugs and devices. Moreover, big data analytics helps in analyzing and tracking disease patterns, outbreaks and transmission for improving public health surveillance. Such benefits and advantages are currently driving the demand for big data analytics market in the healthcare industry. Looking forward, the publisher expects the market to reach a value of US$ 47.7 Billion by 2024, registering a CAGR of around 16% during 2019-2024.

Report Coverage:

Historical, Current and Future Market Trends

Market Breakup by Component:
Services
Software
Electronic Health Record Software
Practice Management
Workforce Management
Hardware
Data Storage
Routers
Firewalls
Virtual Private Networks
E-Mail Servers
Others

Market Breakup by Analytics Type:
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
Cognitive Analytics

Market Breakup by Delivery Model:
On-Premise Delivery Model
On-Demand Delivery Model

Market Breakup by Application:
Financial Analytics
Clinical Analytics
Operational Analytics
Others

Market Breakup by End-User:
Hospitals and Clinics
Finance and Insurance Agencies
Research Organizations

Market Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Allscripts Healthcare Solutions, Cerner, IBM, Cotiviti, Oracle, Health Catalyst, Inovalon, Optum, Citiustech, Mckesson, Medeanalytics, SAS Institute, SCIO Health Analytics, Vitreoshealth, Wipro, Cognizant, Siemens Healthcare, Hewlett-Packard, Koninklijke Philips, GE Healthcare, etc.

Key Questions Answered in This Report:
  • How has the global healthcare big data analytics market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global healthcare big data analytics industry?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the analytics type?
  • What is the breakup of the market based on the delivery model?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end-user?
  • What are the various stages in the value chain of the global big data analytics in healthcare industry?
  • What are the key driving factors and challenges in the global big data analytics in healthcare industry?
  • What is the structure of the global big data analytics in healthcare industry and who are the key players?
  • What is the degree of competition in the global big data analytics in healthcare industry?
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Cerner
  • Cotiviti
  • Hewlett-Packard
  • Koninklijke Philips
  • Optum
  • SCIO Health Analytics
  • MORE
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Healthcare Big Data Analytics Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Component
5.4 Market Breakup by Analytics Type
5.5 Market Breakup by Delivery Model
5.6 Market Breakup by Application
5.7 Market Breakup by End-User
5.8 Market Breakup by Region
5.9 Market Forecast

6 Market Breakup by Component
6.1 Service
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Major Types
6.2.2.1 Electronic Health Record Software
6.2.2.2 Practice Management Software
6.2.2.3 Workforce Management Software
6.2.3 Market Forecast
6.3 Hardware
6.3.1 Market Trends
6.3.2 Major Types
6.3.2.1 Data Storage
6.3.2.2 Routers
6.3.2.3 Firewalls
6.3.2.4 Virtual Private Networks
6.3.2.5 E-Mail Servers
6.3.2.6 Others
6.3.3 Market Forecast

7 Market Breakup by Analytics Type
7.1 Descriptive Analytics
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Predictive Analytics
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Prescriptive Analytics
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Cognitive Analytics
7.4.1 Market Trends
7.4.2 Market Forecast

8 Market Breakup by Delivery Model
8.1 On-Premise Delivery Model
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 On-Demand Delivery Model
8.2.1 Market Trends
8.2.2 Market Forecast

9 Market Breakup by Application
9.1 Financial Analytics
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Clinical Analytics
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Operational Analytics
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.2.1 Market Trends
9.2.2 Market Forecast

10 Market Breakup by End-User
10.1 Hospitals and Clinics
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Finance and Insurance Agencies
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Research Organizations
10.3.1 Market Trends
10.3.2 Market Forecast

11 Market Breakup by Region
11.1 North America
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Europe
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Asia Pacific
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Middle East and Africa
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Latin America
11.5.1 Market Trends
11.5.2 Market Forecast

12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 Value Chain Analysis

14 Porter's Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 Price Analysis

16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Allscripts Healthcare Solutions
16.3.2 Cerner
16.3.3 IBM
16.3.4 Cotiviti
16.3.5 Oracle
16.3.6 Health Catalyst
16.3.7 Inovalon
16.3.8 Optum
16.3.9 Citiustech
16.3.10 Mckesson
16.3.11 Medeanalytics
16.3.12 SAS Institute
16.3.13 SCIO Health Analytics
16.3.14 Vitreoshealth
16.3.15 Wipro
16.3.16 Cognizant
16.3.17 Siemens Healthcare
16.3.18 Hewlett-Packard
16.3.19 Koninklijke Philips
16.3.20 GE Healthcare
Note: Product cover images may vary from those shown
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  • Allscripts Healthcare Solutions
  • Cerner
  • IBM
  • Cotiviti
  • Oracle
  • Health Catalyst
  • Inovalon
  • Optum
  • Citiustech
  • Mckesson
  • Medeanalytics
  • SAS Institute
  • SCIO Health Analytics
  • Vitreoshealth
  • Wipro
  • Cognizant
  • Siemens Healthcare
  • Hewlett-Packard
  • Koninklijke Philips
  • GE Healthcare
Note: Product cover images may vary from those shown
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