United States Healthcare Big Data Analytics Market: Overview, Future Growth Strategies, Share, Size and Analysis

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 According to the latest report by IMARC Group, titled “United States Healthcare Big Data Analytics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the United States healthcare big data analytics market size is currently witnessing strong growth. Looking forward, IMARC Group expects the market is expected to continue growing at a strong rate during 2020-2025. Healthcare big data analytics refers to the utilization of advanced analytical applications, such as statistical algorithms and predictive models, to interpret large volumes of patient data and gain insights and streamline care processes. It includes predictive, descriptive, cognitive and prescriptive analytics. They are widely used for financial, clinical, operational and administrative analytics, population health analytics, detecting patients at higher risks and simplifying disease diagnosis. Healthcare big data analytics finds extensive application across research organizations, finance and insurance agencies, hospitals and clinics.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

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Market Trends:

The United States healthcare big data analytics market is primarily being driven by the rapid digitization of the healthcare sector. The widespread adoption of electronic health records (EHR) and electronic medical records (EMR) to manage patient records is increasing the requirement for big data analytic solutions in the healthcare settings. Moreover, the integration of Internet of Things (IoT) and cloud computing solutions for remote collection of data regarding patient stats, test results and analysis of disease patterns are favoring the market growth. Other factors, including the utilization of big data analytics to formulate predictive models to lower attrition rates and produce targeted systems for drugs and devices, are anticipated to drive the market toward growth.

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Insights on Market Segmentation:

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.

Key Highlights of the Report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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