According to the latest report by IMARC Group, titled “Healthcare Big Data Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global healthcare big data analytics market reached a value of US$ 25.9 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 12.5% during 2021-2026.
Big data analytics refers to the advanced analytical solutions that consist of a set of statistical predictive models and algorithms that examine data to discover hidden patterns, unknown correlations, customer preferences, etc. Healthcare Big Data analytics assists in collecting, analyzing, and utilizing the biological and clinical data of patients. It is gaining traction in the healthcare industry as it offers accurate data handling, focuses on consumer interests, minimizes healthcare costs, etc. Additionally, healthcare Big Data analytics also aids in detecting healthcare frauds and examining clinical trials and patient records. As a result, it is widely used by hospitals, insurance agencies, research organizations, etc.
The escalating demand for automated solutions and the expanding digitalization of the healthcare industry are primarily driving the healthcare Big Data analytics market. Besides this, the rising adoption of these solutions for customizing treatment plans and enhancing overall clinical operations is also propelling the market growth. Furthermore, the growing demand for predictive analytics, prescriptive analytics, and descriptive analytics in the healthcare sector is augmenting the global market. Apart from this, the elevating need for technological solutions to assist hospital personnel in processing sensor data in order to determine the condition of a patient is acting as another significant growth-inducing factor. Moreover, the inflating utilization of these systems in analyzing and tracking disease patterns and outbreaks to improve public health surveillance is projected to bolster the healthcare Big Data analytics market over the forecasted period.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group 30 N Gould St, Ste R Sheridan, WY (Wyoming) 82801 USA Email: [email protected] Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
According to the latest report by IMARC Group, titled “Healthcare Big Data Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global healthcare big data analytics market reached a value of US$ 25.9 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 12.5% during 2021-2026.
Big data analytics refers to the advanced analytical solutions that consist of a set of statistical predictive models and algorithms that examine data to discover hidden patterns, unknown correlations, customer preferences, etc. Healthcare Big Data analytics assists in collecting, analyzing, and utilizing the biological and clinical data of patients. It is gaining traction in the healthcare industry as it offers accurate data handling, focuses on consumer interests, minimizes healthcare costs, etc. Additionally, healthcare Big Data analytics also aids in detecting healthcare frauds and examining clinical trials and patient records. As a result, it is widely used by hospitals, insurance agencies, research organizations, etc.
The escalating demand for automated solutions and the expanding digitalization of the healthcare industry are primarily driving the healthcare Big Data analytics market. Besides this, the rising adoption of these solutions for customizing treatment plans and enhancing overall clinical operations is also propelling the market growth. Furthermore, the growing demand for predictive analytics, prescriptive analytics, and descriptive analytics in the healthcare sector is augmenting the global market. Apart from this, the elevating need for technological solutions to assist hospital personnel in processing sensor data in order to determine the condition of a patient is acting as another significant growth-inducing factor. Moreover, the inflating utilization of these systems in analyzing and tracking disease patterns and outbreaks to improve public health surveillance is projected to bolster the healthcare Big Data analytics market over the forecasted period.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group 30 N Gould St, Ste R Sheridan, WY (Wyoming) 82801 USA Email: [email protected] Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800