According to a new report, published by KBV research, The Global Healthcare Data Monetization Market size is expected to reach $1.3 billion by 2030, rising at a market growth of 18% CAGR during the forecast period.
The Indirect segment is showcasing a CAGR of 20.3% during (2023 - 2030). Healthcare businesses are becoming increasingly aware of the importance of data guiding decision-making, improved patient outcomes, and rising operational effectiveness. These businesses can use their data assets to get useful insights and make strategic decisions by monetizing indirect data. As a result, the market for healthcare data monetization witnesses’ significant growth prospects in the segment.
The Pharmaceutical & Biotechnology Companies segment is leading the Global Healthcare Data Monetization Market by End User in 2022 thereby, achieving a market value of $359.7 Million by 2030. One of the major players in the healthcare ecosystem, pharmaceutical companies stand to gain the most from comprehensive health data. The information is used to support decision making, focus research efforts, and provide details on the prospective growth of specific treatments. For instance, many medications and data about health behaviors, such as drug use patterns, are also in high demand.
The Cloud segment has shown the growth rate of 19.4% during (2023 - 2030). This is owing to the improved agility and scalability provided by cloud-based data monetization technologies. Electronic health records, medical images, and patient-generated data are among the massive amounts of healthcare data that may be stored securely & flexibly on cloud systems. Additionally, cloud-based analytics technologies allow healthcare providers analyze sophisticated data, utilizing AI and machine learning to extract useful insights from large datasets.
The North America market dominated the Global Healthcare Data Monetization Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $449.5 Million by 2030. The Europe market is experiencing a CAGR of 17.7% during (2023 - 2030). Additionally, The Asia Pacific market would showcase a CAGR of 18.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/healthcare-data-monetization-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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