The Europe Healthcare Data Monetization Market would witness market growth of 17.7% CAGR during the forecast period (2023-2030).
The Internet of Medical Things, smart devices, information systems, and cloud services have all contributed to a digital transformation in the healthcare industry. Patients are enjoying comfort due to the advancements made in digital healthcare services, which have made treatment simpler and more accessible. The modern healthcare sector has, however, also become the principal target of internal and external attacks. As a result, the market is estimated to grow at a significant rate.
Since data can identify the regions most affected by health-related problems, it can be utilized to better inform decision-making and improve community health outcomes. Indirect monetization, or data analytics, to generate insights from data to improve internal processes, products, and services, is a method through which organizations can monetize their data. Direct monetization is the practice of giving third parties access to an organization's data.
France expects to invest 2 billion euros, of which 1.5 billion would come from the private sector, in the country's booming digital healthcare industry. The government will embrace predictive, preventative, personalized, patient-centered, and value-based medicine with 650 million euros. It is acknowledged that AI plays a crucial role in advancing medical research. With the aim of promoting innovative R&D partnerships, the New AI and Cancer collaboration was established. As a result, over 50 validation studies in actual care settings will be sponsored by the government by 2025. The market is expected to expand alongside AI technology's increasing popularity in Europe.
The Germany market dominated the Europe Healthcare Data Monetization Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $82.9 Million by 2030. The UK market is estimated to grow at a CAGR of 16.7% during (2023 - 2030). Additionally, The France market would display a CAGR of 18.6% during (2023 - 2030).
Based on Type, the market is segmented into Direct, and Indirect. Based on End User, the market is segmented into Pharmaceutical & Biotechnology Companies, Healthcare Payers, Healthcare Providers, Medical Technology Companies, and Others. Based on Deployment, the market is segmented into On-premise, and Cloud. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Healthcare Data Monetization Market is Projected to reach USD 1.3 Million by 2030, at a CAGR of 18%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Microsoft Corporation, Google LLC (Alphabet Inc.), Salesforce, Inc., SAP SE, Snowflake, Inc., SAS Institute, Inc., TIBCO (The Information Bus Company) Software. Inc., Sisense, Inc. and QlikTech International AB.
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