Big Data Analytics in Healthcare Market was estimated to be over US$16 billion in 2019. It is anticipated to grow at a substantial CAGR between 2019 and 2030.
The significant growth of big data analytics in healthcare market can be attributed to benefits such as use of Electronic Health Records (EHRs) for digital information of patients that include medical history, demographics, allergies, laboratory test results, etc. Big data analytics also assists in finding frauds in claim processing, thus helping insurance companies to prevent losses. Moreover, big data analytics also helps hospitals with staff management. Generating real-time alerts regarding the patients’ health conditions for doctors with big data analytics is also contributing significantly toward market growth.
Major Key Players of the Big Data Analytics in Healthcare Market are:
Allscripts Healthcare, LLC, Cerner Corporation., Dell Inc., Epic System Corporation, GENERAL ELECTRIC COMPANY, Hewlett Packard Enterprise (Hpe), International Business Machines Corporation (IBM), Microsoft, Optum, inc and Oracle, among others.
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