Healthcare Data Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Any data ""relating to health issues, reproductive results, causes of death, and quality of life for a person or population is termed healthcare data. Clinical metrics, as well as environmental, socioeconomic, and behavioural information, are all included in health data. When people interact with health-care systems, a variety of health data is collected and used. The healthcare data is studied by converting it into models to predict outcomes. Healthcare data is used to improve patient outcomes as well as healthcare organizations.

MARKET SCOPE

The "Global Healthcare Data Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the healthcare data market with detailed market segmentation by type, application, end use. The report provides key statistics on the market status of the leading healthcare data market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type the market is segmented as, Descriptive, Predictive, Prescriptive Data.
  
•   Based on application the market is segmented as, Operations Management, Financial Management, Population Health Management, Clinical Management.
  
•   Based on end use the market is segmented as, hospitals, clinics and others.
  

MARKET DYNAMICS

Drivers:

•   Increasing demand for collection of healthcare data to improve patient care and other healthcare outcomes.
  
•   Growing adoption of electronic health records.
  
•   Increasing pressure to reduce healthcare spending and improve patient outcomes.
  
•   Technological advancement in healthcare sector and growing quantity of unstructured data.
  

Restraints:

•   Whereas, privacy and security concerns with the data and high cost of data processing solutions and analytics solutions are likely to hamper market growth.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The healthcare data market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the healthcare data market in these regions.

IMPACT OF COVID-19 ON HEALTHCARE DATA MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the healthcare data market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from healthcare data market are anticipated to lucrative growth opportunities in the future with the rising demand for healthcare data in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the healthcare data market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   IBM
  
•   Optum, Inc
  
•   McKesson Corporation
  
•   Allscripts Healthcare, LLC
  
•   Cerner Corporation
  
•   Athenahealth
  
•   Inovalon
  
•   Change Healthcare
  
•   Health Catalyst
  
•   Amitech
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Healthcare Data Report Scope