The North America Healthcare Data Monetization Market would witness market growth of 17.2% CAGR during the forecast period (2023-2030).
Healthcare organizations are becoming more aware of the tremendous value of their data assets as a consequence of the growing digitalization of healthcare systems and the massive amount of data being produced. They can anticipate a rise in initiatives aimed at using healthcare data for monetization in the upcoming years. Innovative data monetization platforms, innovative analytics initiatives, and safe data marketplaces will be witnessed in the market in upcoming years.
The need to reduce rising healthcare costs, expanding partnerships and collaborations among players, growing investments in the adoption of electronic health records (EHR), and the exponentially increasing data volume and generation of large and complex healthcare datasets are the main factors driving the growth of the market. Additionally, service providers would benefit financially from the increased use of AI in precision medicine and the rising demand for real-world evidence (RWE).
According to the Canadian government's 2019 Patented Medicine Prices Review Board (PMPRB) Annual Report, between 2011 and 2019, the value of all pharmaceutical sales in Canada (including non-patented over-the-counter medicines) grew by 35.3% to $29.9 billion, with 13.3% going to hospitals and 86.7% going to retail drug stores. Governments pay for 37.2% of drug costs, while private payers cover the remaining 62.8% (private insurance and individuals). Throughout the projection period, the market will be predicted to expand due to the expansion of pharmaceutical & biotechnology industry in the region.
The US market dominated the North America Healthcare Data Monetization Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $322.1 Million by 2030. The Canada market is poised to grow at a CAGR of 19.8% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 18.8% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
By Type
By End User
- Pharmaceutical & Biotechnology Companies
- Healthcare Payers
- Healthcare Providers
- Medical Technology Companies
- Others
By Deployment
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
- QlikTech International AB
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Healthcare Data Monetization Market, by Type
1.4.2 North America Healthcare Data Monetization Market, by End User
1.4.3 North America Healthcare Data Monetization Market, by Deployment
1.4.4 North America Healthcare Data Monetization Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Healthcare Data Monetization Market
Chapter 4. North America Healthcare Data Monetization Market by Type
4.1 North America Direct Market by Country
4.2 North America Indirect Market by Country
Chapter 5. North America Healthcare Data Monetization Market by End User
5.1 North America Pharmaceutical & Biotechnology Companies Market by Country
5.2 North America Healthcare Payers Market by Country
5.3 North America Healthcare Providers Market by Country
5.4 North America Medical Technology Companies Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Healthcare Data Monetization Market by Deployment
6.1 North America On-premise Market by Country
6.2 North America Cloud Market by Country
Chapter 7. North America Healthcare Data Monetization Market by Country
7.1 US Healthcare Data Monetization Market
7.1.1 US Healthcare Data Monetization Market by Type
7.1.2 US Healthcare Data Monetization Market by End User
7.1.3 US Healthcare Data Monetization Market by Deployment
7.2 Canada Healthcare Data Monetization Market
7.2.1 Canada Healthcare Data Monetization Market by Type
7.2.2 Canada Healthcare Data Monetization Market by End User
7.2.3 Canada Healthcare Data Monetization Market by Deployment
7.3 Mexico Healthcare Data Monetization Market
7.3.1 Mexico Healthcare Data Monetization Market by Type
7.3.2 Mexico Healthcare Data Monetization Market by End User
7.3.3 Mexico Healthcare Data Monetization Market by Deployment
7.4 Rest of North America Healthcare Data Monetization Market
7.4.1 Rest of North America Healthcare Data Monetization Market by Type
7.4.2 Rest of North America Healthcare Data Monetization Market by End User
7.4.3 Rest of North America Healthcare Data Monetization Market by Deployment
Chapter 8. Company Profiles
8.1 Oracle Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Microsoft Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Google LLC (Alphabet Inc.)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.6 SWOT Analysis
8.4 Salesforce, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 SAP SE
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Snowflake, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 SAS Institute, Inc.
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Partnerships, Collaborations, and Agreements:
8.8 Tibco Software, Inc. (Vista Equity Partners)
8.8.1 Company Overview
8.9 Sisense, Inc.
8.9.1 Company Overview
8.10. QlikTech International AB
8.10.1 Company Overview
TABLE 1 North America Healthcare Data Monetization Market, 2019 - 2022, USD Million
TABLE 2 North America Healthcare Data Monetization Market, 2023 - 2030, USD Million
TABLE 3 North America Healthcare Data Monetization Market by Type, 2019 - 2022, USD Million
TABLE 4 North America Healthcare Data Monetization Market by Type, 2023 - 2030, USD Million
TABLE 5 North America Direct Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Direct Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Indirect Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Indirect Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Healthcare Data Monetization Market by End User, 2019 - 2022, USD Million
TABLE 10 North America Healthcare Data Monetization Market by End User, 2023 - 2030, USD Million
TABLE 11 North America Pharmaceutical & Biotechnology Companies Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Pharmaceutical & Biotechnology Companies Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Healthcare Payers Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Healthcare Payers Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Healthcare Providers Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Healthcare Providers Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Medical Technology Companies Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Medical Technology Companies Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Healthcare Data Monetization Market by Deployment, 2019 - 2022, USD Million
TABLE 22 North America Healthcare Data Monetization Market by Deployment, 2023 - 2030, USD Million
TABLE 23 North America On-premise Market by Country, 2019 - 2022, USD Million
TABLE 24 North America On-premise Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Cloud Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Cloud Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Healthcare Data Monetization Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Healthcare Data Monetization Market by Country, 2023 - 2030, USD Million
TABLE 29 US Healthcare Data Monetization Market, 2019 - 2022, USD Million
TABLE 30 US Healthcare Data Monetization Market, 2023 - 2030, USD Million
TABLE 31 US Healthcare Data Monetization Market by Type, 2019 - 2022, USD Million
TABLE 32 US Healthcare Data Monetization Market by Type, 2023 - 2030, USD Million
TABLE 33 US Healthcare Data Monetization Market by End User, 2019 - 2022, USD Million
TABLE 34 US Healthcare Data Monetization Market by End User, 2023 - 2030, USD Million
TABLE 35 US Healthcare Data Monetization Market by Deployment, 2019 - 2022, USD Million
TABLE 36 US Healthcare Data Monetization Market by Deployment, 2023 - 2030, USD Million
TABLE 37 Canada Healthcare Data Monetization Market, 2019 - 2022, USD Million
TABLE 38 Canada Healthcare Data Monetization Market, 2023 - 2030, USD Million
TABLE 39 Canada Healthcare Data Monetization Market by Type, 2019 - 2022, USD Million
TABLE 40 Canada Healthcare Data Monetization Market by Type, 2023 - 2030, USD Million
TABLE 41 Canada Healthcare Data Monetization Market by End User, 2019 - 2022, USD Million
TABLE 42 Canada Healthcare Data Monetization Market by End User, 2023 - 2030, USD Million
TABLE 43 Canada Healthcare Data Monetization Market by Deployment, 2019 - 2022, USD Million
TABLE 44 Canada Healthcare Data Monetization Market by Deployment, 2023 - 2030, USD Million
TABLE 45 Mexico Healthcare Data Monetization Market, 2019 - 2022, USD Million
TABLE 46 Mexico Healthcare Data Monetization Market, 2023 - 2030, USD Million
TABLE 47 Mexico Healthcare Data Monetization Market by Type, 2019 - 2022, USD Million
TABLE 48 Mexico Healthcare Data Monetization Market by Type, 2023 - 2030, USD Million
TABLE 49 Mexico Healthcare Data Monetization Market by End User, 2019 - 2022, USD Million
TABLE 50 Mexico Healthcare Data Monetization Market by End User, 2023 - 2030, USD Million
TABLE 51 Mexico Healthcare Data Monetization Market by Deployment, 2019 - 2022, USD Million
TABLE 52 Mexico Healthcare Data Monetization Market by Deployment, 2023 - 2030, USD Million
TABLE 53 Rest of North America Healthcare Data Monetization Market, 2019 - 2022, USD Million
TABLE 54 Rest of North America Healthcare Data Monetization Market, 2023 - 2030, USD Million
TABLE 55 Rest of North America Healthcare Data Monetization Market by Type, 2019 - 2022, USD Million
TABLE 56 Rest of North America Healthcare Data Monetization Market by Type, 2023 - 2030, USD Million
TABLE 57 Rest of North America Healthcare Data Monetization Market by End User, 2019 - 2022, USD Million
TABLE 58 Rest of North America Healthcare Data Monetization Market by End User, 2023 - 2030, USD Million
TABLE 59 Rest of North America Healthcare Data Monetization Market by Deployment, 2019 - 2022, USD Million
TABLE 60 Rest of North America Healthcare Data Monetization Market by Deployment, 2023 - 2030, USD Million
TABLE 61 Key Information – Oracle Corporation
TABLE 62 key information – Microsoft Corporation
TABLE 63 Key Information – Google LLC
TABLE 64 Key Information – Salesforce, Inc.
TABLE 65 Key Information – SAP SE
TABLE 66 Key Information – Snowflake, Inc.
TABLE 67 Key information – SAS Institute, Inc.
TABLE 68 Key information – Tibco Software, Inc.
TABLE 69 Key Information – Sisense, Inc.
TABLE 70 key information – QlikTech International AB
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Healthcare Data Monetization Market share by Type, 2022
FIG 3 North America Healthcare Data Monetization Market share by Type, 2030
FIG 4 North America Healthcare Data Monetization Market by Type, 2019 - 2030, USD Million
FIG 5 North America Healthcare Data Monetization Market share by End User, 2022
FIG 6 North America Healthcare Data Monetization Market share by End User, 2030
FIG 7 North America Healthcare Data Monetization Market by End User, 2019 - 2030, USD Million
FIG 8 North America Healthcare Data Monetization Market share by Deployment, 2022
FIG 9 North America Healthcare Data Monetization Market share by Deployment, 2030
FIG 10 North America Healthcare Data Monetization Market by Deployment, 2019 - 2030, USD Million
FIG 11 North America Healthcare Data Monetization Market share by Country, 2022
FIG 12 North America Healthcare Data Monetization Market share by Country, 2030
FIG 13 North America Healthcare Data Monetization Market by Country, 2019 - 2030, USD Million
FIG 14 Recent strategies and developments: Oracle Corporation
FIG 15 SWOT analysis: Oracle Corporation
FIG 16 SWOT Analysis: Microsoft Corporation
FIG 17 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 18 SWOT Analysis: Salesforce.com, Inc.
FIG 19 SWOT Analysis: SAP SE