According to the research report titled ‘Global Big Data Analytics in Healthcare Market 2019-2028’, available with Market Study Report, global Big Data analytics in healthcare market is anticipated to record a y-o-y growth rate of 23.35% through 2028.
 

Widespread usage of health wearables, rising popularity of cloud analytics, along with favorable policies by the government to promote use of Big Data are driving the growth of global Big Data analytics in healthcare market. Moreover, rocketing technological developments like telehealth and e-health are generating lucrative prospects for the business scenario.
 

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However, large volume of unstructured data, and lack of interoperability among Big Data sources will hamper the growth rate of industry. Also, lack of skilled labor, and increasing privacy issues are the factors arresting the expansion matrix of worldwide Big Data analytics in healthcare market.
 

On the bright side, key opportunities like growing telehealth sector, and improved cognizance of precision medicine should be worked upon to unlock revenue inflow.
 

Based on the offering, the marketplace is divided into software, and services. While the deployment model ranges from on-premise to cloud.
 

Speaking of analytics type, global Big Analytics in healthcare industry is fragmented into descriptive analytics, prescriptive analytics, predictive analytics, and diagnostic analytics. Moving on to end user verticals, the market is classified into hospitals & clinics, finance & research agencies, and research organizations. While the application range includes clinical analytics, financial analytics, and operational analytics.
 

Moving on regional outlook, global Big Data analytics in healthcare market is studied for the countries from regions like Middle East & Africa, Asia-Pacific, Latin America, North America, and Europe.
 

The report cites that Europe is poised to hold significant market share by the year 2028, owing to inclination towards gaining insights based on pattern recognition. Moreover, to induce market growth, companies in the region are targeting end-users like research centers, hospitals, and related businesses to offer Big Data analytics.
 

Major companies in worldwide Big Data analytics in healthcare market sphere include Aetna Inc., Koninklijke Philips N.V., eClinicalworks, SAS Institute Inc., International Business Machines Corporation (BM), Siemens Healthineers AG, Health Catalyst, Epic Systems Corporation, Premier Inc., Tableau Software LLC, SAP SE, Dell Technologies Inc., McKesson Corporation, Oracle Corp., CPSI (Computer Programs And Systems Inc.), Allscripts Healthcare LLC, General Electric Company, Cerner Corporation, and Cognizant.