The Asia Pacific Big Data Analytics in Healthcare Market would witness market growth of 20.8% CAGR during the forecast period (2023-2029).
The rising need for business analytics for optimizing health administration & strategy and the rising demand for big data solutions for managing population health is anticipated to drive the market's expansion. Continuous innovation in large analytics tool technologies is crucial to managing such vast data. As a result, there are tremendous opportunities for market leaders to create and introduce new data analytics systems and software.
The healthcare systems' considerable digitalization has accelerated the healthcare sectors' rapid cost and quality of care advancements. These advancements have constantly resulted in the growth of complicated heterogeneous data in various formats, notably unstructured data. The requirement for integration, analysis, and management of enormous volumes of data propels big data analytics in healthcare sector. These data are mostly gathered from electronic health records (EHR) and patient biological information.
China has achieved a leading position in certain areas of internet or mobile technologies, including 5G, and their integration into various sectors of societal development, including healthcare, due to their rapid development. Furthermore, the imperative to minimize patient-doctor contact amidst the COVID-19 pandemic (in order to mitigate the spread of infections) has significantly propelled the utilization of telemedicine solutions, particularly mobile health, on a global scale. Several countries in the region have experienced a significant adoption of mHealth services, which are expected to become an integral part of the healthcare industry in the future. Due to these factors, it is anticipated that APAC region would witness significant growth in big data analytics in healthcare market.
The China market dominated the Asia Pacific Big Data Analytics in Healthcare Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $10,203.1 million by 2029. The Japan market is estimated to grow a CAGR of 20% during (2023 - 2029). Additionally, The India market would experience a CAGR of 21.5% during (2023 - 2029).
Based on Component, the market is segmented into Software and Services. Based on End User, the market is segmented into Hospitals & Clinics, Finance & Insurance Agencies and Research Organizations. Based on Analytics Type, the market is segmented into Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Diagnostic Analytics. Based on Application, the market is segmented into Clinical Analytics, Financial Analytics and Operational Analytics. Based on Deployment, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Big Data Analytics in Healthcare Market is Projected to reach USD 130.2 Billion by 2029, at a CAGR of 19.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation (Cerner Corporation), Veradigm, Inc., GE HealthCare Technologies, Inc., IBM Corporation, Epic Systems Corporation, UnitedHealth Group, Inc. (Optum, Inc.), Cognizant Technology Solutions Corporation, KT Corporation, Hewlett Packard Enterprise Company, and Health Fidelity, Inc. (Edifecs, Inc.).
By Component
By End User
By Analytics Type
By Application
By Deployment
By Country
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