Big data refers to the enormous amount of structured as well as unstructured data, which help organizations to improve their decision making processes. The term big data might seem to refer to huge volume of data, but that is not necessarily the case. It may also refer to the technology services (descriptive, predictive or prescriptive) any organization is utilizing to handle the data sets. Unstructured data refers to the data which does not have a standardized form. Around 80% of the data in the business organizations is unstructured and around 60% of the patient care information is in the unstructured format.
The Global Big Data in Healthcare Market is expected to reach US$ 17,278.13 million by 2022, and the market is projected to grow at a CAGR of ~ 20.69 % during the forecast period 2015-2022.
The global big data analytics market in the healthcare sector is at $8.49 billion in 2015 and is expected to grow at a CAGR 20.69 % due to several forces, for instance, government initiatives, pressure to curb healthcare costs, new technological advancement such as mHealth, Internet of Things (IOT), and wearables among others.
With the implementation of innovative technologies such as precision medicine, mHealth, and sensors in the healthcare industry, clinical analytics will play a huge role in the evolution of new forms of treatments to treat with different therapeutics and provide better population and precision health management.
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Global Big data in Healthcare Market Players
Key players profiled in the report are Cerner Corporation, Cognizant, Dell, GE Healthcare, Mckesson, Optum, Philips, Siemens, Xerox and others.
Taste the market data and market information presented through more than 50 market data tables and figures spread over 80 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Global Big data in healthcare market” Research Report – Forecast till 2022.
The Americas holds a significant market share owing to extensive use of information technology and high expenditure on the health care. Additionally, the fastest uptake of new technology and the presence and concentration of big data companies in the healthcare of the US regions drive the global big data in healthcare market.
North America lead the global big data in healthcare market with revenue of $ 4.61 billion in 2015.
Europe is the second largest market in the globe due to a high expenditure and need to curb rising healthcare costs.
1. Report Prologue
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
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3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4. Market Dynamics
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