Market Overview:
The United States healthcare big data analytics market size reached US$ 19.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 55.8 Billion by 2032, exhibiting a growth rate (CAGR) of 11.8% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 19.9 Billion |
Market Forecast in 2032
|
US$ 55.8 Billion |
Market Growth Rate 2024-2032 |
11.8% |
Big data analytics is a set of predictive models and statistical algorithms that are processed by data scientists and machine learning algorithms. It helps identify geographic markets with high growth potential by providing information about the needs and preferences of physicians and patients. In the United States, a large amount of data is generated in the healthcare industry driven by patient care, record keeping, and compliance and regulatory requirements. Along with this, the rise in value-based care and rapid digitalization of healthcare information has prompted healthcare providers across the country to shift toward big data analytics for making strategic decisions.
The United States healthcare big data analytics market is primarily driven by the need to eliminate incidences relating to adverse drug events (ADEs), as big data analytics help identify fatal prescription errors before they occur. Additionally, the growing adoption of electronic health records (EHR), along with the ever-increasing federal healthcare mandates to minimize healthcare costs, is propelling the growth of the market. Furthermore, the government is undertaking several initiatives to focus on personalized medicine, health management and value-added reimbursements. On account of this, organizations in the industry are leveraging big data analytics to reduce inefficiencies in clinical operations, research and development, and public healthcare. Moreover, hospitals and health systems in the United States have leveraged predictive models to gain insight into the coronavirus disease (COVID-19) outcomes, which, in turn, is driving the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States healthcare big data analytics market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on component, analytics type, delivery model, application and end user.
Breakup by Component:
- Services
- Software
- Electronic Health Record Software
- Practice Management
- Workforce Management
- Hardware
- Data Storage
- Routers
- Firewalls
- Virtual Private Networks
- E-Mail Servers
- Others
Breakup by Analytics Type:
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
- Cognitive Analytics
Breakup by Delivery Model:
- On-Premise Delivery Model
- On-Demand Delivery Model
Breakup by Application:
- Financial Analytics
- Clinical Analytics
- Operational Analytics
- Others
Breakup by End User:
- Hospitals and Clinics
- Finance and Insurance Agencies
- Research Organizations
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Component, Analytics Type, Delivery Model, Application, End User, Region |
Region Covered |
Northeast, Midwest, South, West |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the United States healthcare big data analytics market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States healthcare big data analytics market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the analytics type?
- What is the breakup of the market based on the delivery model?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the United States healthcare big data analytics market and who are the key players?
- What is the degree of competition in the industry?