Big Data Healthcare Global Market Report 2022

NEW YORK, Sept. 21, 2022 (GLOBE NEWSWIRE) — announces the release of the 2022 Big Data Healthcare Global Market Report –

The global big data healthcare market is expected to grow from US$18.26 billion in 2021 to US$20.27 billion in 2022 at a compound annual growth rate (CAGR) of 11.02%. The big data healthcare market is expected to reach US$44.53 billion in 2026 at a compound annual growth rate (CAGR) of 21.75%.

The healthcare big data market consists of the sale by companies (organizations, sole proprietorships and partnerships) of healthcare industry big data analytics solutions that help organizations make informed decisions and healthcare management through the use of big data solutions to optimize. Big data analysis allows examining huge datasets from thousands of patients, identifying clusters and correlations across datasets, and developing predictive models using data mining techniques.

In the healthcare market, big data analytics combines research from different fields, including bioinformatics, medical imaging, sensor informatics, medical informatics and health informatics.

The main components in the big data healthcare market are software and services. Software refers to the use of big data by healthcare professionals to make prescribed decisions that affect patient outcomes and operational efficiencies.

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Big data healthcare is delivered on-premises and in the cloud. Healthcare big data uses analysis types such as descriptive analysis, predictive analysis, and prescriptive analysis, and has applications in financial analysis, clinical data analysis, operational analysis, and population health analysis.

The end users of healthcare big data are hospitals and clinics, financial and insurance agents, and a research organization.

North America was the largest region in the Big Data Healthcare Market in 2021. Asia Pacific is projected to be the fastest growing region during the forecast period.

Regions covered in Big Data Healthcare Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Healthcare Big Data Market research report is one of a series of new reports providing Healthcare Big Data market statistics including global Healthcare Big Data industry market size, regional shares, competitors with a big data share Healthcare Market and Detailed Healthcare Big Data Market Segments, Market Trends and Opportunities and any other data you may need to succeed in Healthcare Big Data industry. This Healthcare Big Data Market Research Report provides a complete overview of everything you need with in-depth analysis of the current and future scenario of the industry.

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The adoption of healthcare information systems is expected to propel the growth of the healthcare big data market. A health information system refers to a system that manages health data.

This includes the operational management of a hospital or a system that supports the formulation of healthcare policies, systems that collect, store, manage and transmit a patient’s Electronic Medical Record (EMR). These electronic records are analyzed using healthcare big data to store healthcare spending and aids in population healthcare management.

Examining health data can then improve patient care. According to the 2019 National Electronic Health Records Survey, in the United States, the percentage of physicians practicing in offices that use electronic medical records or electronic hospital records (EMR/EHR) is 89.9% and the percentage of office-based physicians using an EMR /EHR system that has been certified is 72.3%. The increasing adoption of healthcare information systems will increase the need for big data in healthcare.

Technological advances are a major trend gaining popularity in the big data healthcare market. Many companies involved in big data healthcare are developing new products or technologies to strengthen their position in the market.

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For example, Health Catalyst Inc., a US-based provider of data and analytics technology and services for healthcare companies, launched Healthcare.AI in March 2021. Healthcare.AI is designed to solve problems related to cost, revenue and quality in the healthcare industry. The Healthcare.AI product and service package for augmented intelligence (AI) will expand the possible applications of AI in healthcare.

In August 2021, Beamtree, an Australia-based health technology company, announced it had acquired Potential(x) for AUD$19.6 million (US$14 million). With this deal, Beamtree’ aims to become Australia’s largest healthcare analytics and decision support platform, targeting new global markets and adjacent sectors to also add value and market access for its solutions and software. Potential(x) is an Australia-based healthcare and human data analytics company.

The countries covered in the healthcare market big data report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
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