U.S (New York) – Report Ocean has recently published a comprehensive research report titled “North America Big Data Analytics in Healthcare Market ” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
Big data analytics in healthcare is an analytic solution that derives insights on patient information and improves treatment techniques by enabling evidence-based disease prevention modeling, and diagnostic analysis. The key players, such as Allscripts, IBM Corporation, Optum, Epic, Microsoft, and others, provide innovative analytical solutions such as population health management, biometric analysis, clinical decision support, revenue cycle management, risk assessment, value-based analytics, and others to healthcare end users. In addition, big data analytics optimizes process-oriented expenditures in the healthcare industry by improving the population health, integrating performance modeling with financial and predictive care monitoring, and others.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Rise in demand for analytics for population health management solution, growth in healthcare expenditure, and increase in adoption of cloud analytics among several end users are some of the major factors that drive the growth of the North America big data analytics in the healthcare market. In addition, rise in government initiatives for supporting the adoption of healthcare analytics and regulatory provisions in the U.S. and Canada are expected to fuel the growth of the market. However, security concerns over patient information among end users and lack of skilled experts in healthcare analytics are the major factors that impede the market growth.
Conversely, technological advancements and rise in application areas among various industry verticals are expected to provide lucrative opportunities for the growth of the North America market.
The North America big data analytics in the healthcare market is segmented into component, deployment, analytics type, application, end user, and country. In terms of component, the market is bifurcated into software and services. Based on deployment, it is fragmented into on-premise and cloud. Depending on analytics type, it is segregated into descriptive analytics, predictive analytics, prescriptive analytics, and diagnostic analytics. By application, it is classified into clinical analytics, financial analytics, and operational analytics. Further, clinical analytics is sub segmented into radiology, surgery and others. By end user segment, it is divided into hospitals & clinics, finance & insurance agencies, and research organizations. Based on country, the big data analytics in healthcare market is analyzed across the U.S. and Canada.
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Key Benefits for North America Big Data Analytics In Healthcare Market:
The study presents an in-depth analysis of the North America big data analytics in healthcare market along with the current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on the market is provided in this study.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the North America big data analytics in healthcare industry.
The quantitative analysis of the market from 2017 to 2025 is provided to determine the market potential.
Key Market Players
All Scripts
Cerner
Dell EMC
Epic System Corporation
General Electric Healthcare
Hewlett Packard Enterprise (HPE)
International Business Machines (IBM) Corporation
Microsoft
Optum
Oracle Corporation
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North America Big Data Analytics In Healthcare Key Market Segments:
By Component
Software
Services
By Deployment
On-premise
Cloud
By Analytics Type
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
Diagnostic Analytics
By Application
Clinical Analytics
Radiology
Surgery
Others
Financial Analytics
Operational Analytics
By End User
Hospitals & Clinics
Finance & Insurance Agencies
Research Organizations
By Country
U.S.
Canada
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