Big Data Analytics in Healthcare Market to be Worth $95.2 Billion by 2030

Meticulous Research®—a leading global market research company, published a research report titled, ‘Big Data Analytics in Healthcare Market by Component (Software, Hardware, Services [Descriptive, Prescriptive, Diagnostic]), Deployment (On-premise, Cloud), Application (Clinical, Financial, Operational, Population Health), and End User – Global Forecast to 2030.'

According to this latest publication from Meticulous Research®, the big data analytics in healthcare market is projected to reach $95.2 billion by 2030, at a CAGR of 13.8% during the forecast period. The rising adoption of EMR & EHR, increasing investments in the healthcare IT sector, and a shift from volume to value-based care are driving the growth of the big data analytics in healthcare market. However, IT infrastructural constraints in developing countries are expected to restrain the growth of this market. Growing preference for cloud-based analytics solutions is expected to offer significant growth opportunities for the big data analytics in healthcare market. Growing security concerns and a lack of skilled data professionals are challenging the market growth.

Big Data Analytics in Healthcare Market to be Worth $95.2 Billion by 2030

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The Big Data Analytics in Healthcare Market is projected to reach $95.2 billion by 2030, at a CAGR of 13.8% from 2023 to 2030. The healthcare industry includes the majority of patient & other medical data. Big data helps to recognize the importance of this data and improve outcomes. This analyzes patterns in patient behavior, provides future health trends, and identifies potential problems early. This helps in reducing risk and improves the efficiency and quality of care delivery.

Rising adoption of EMR & EHR, increasing investments in the healthcare IT sector, and a shift from volume to value-based care are driving the growth of the big data analytics in healthcare market. However, IT infrastructural constraints in developing countries are expected to restrain the growth of this market. Growing preference for cloud-based analytics solutions is expected to offer significant growth opportunities for the big data analytics in healthcare market. Growing security concerns and a lack of skilled data professionals are challenging the market growth.