What is Big Data Spending in Healthcare?
Big Data in Healthcare is mainly a term that is used to describe the vast amounts of information created by the advent of digital technologies that collect patient records and help manage hospital performance, otherwise too large and complex for traditional technologies. The application of big data analysis in healthcare has many positive and life-saving results. Big-style data essentially refers to the enormous amounts of information created by digitizing everything that is consolidated and analyzed by certain technologies. Applied to health care, it uses specific health data of a population (or a specific person) and may help prevent epidemics, cure diseases, reduce costs, etc. The US health system is rapidly adopting electronic health records, increasing the number of electronic health records that are available to clinical data dramatically. At the same time, many rapid advances have been made in clinical analytics techniques for analyzing large amounts of data as well as extracting new insights from that analysis, which is a very important part of what is known as big data.
The market study is broken down, by Application (Clinical Analysis, Financial Analysis and Operational Analysis) and major geographies with country level break-up.
Leading IT brands are busy launching big data as a service market solutions and generating clients in the same month itself. They are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that Manufacturers from United States will contribute to the maximum growth of Global Big Data Spending in Healthcare market throughout the predicted period.
Cognizant (United States), Dell (United States), GE Healthcare (United States), Siemens (Germany), Cerner Corporation (United States), Optum (United States), Philips (The Netherlands), Mckesson (United States), Xerox (United States), IBM Corporation (United States), Allscripts (United States), Microsoft Corporation (United States) and Oracle Corporation (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Big Data Spending in Healthcare market by Type, Application and Region.
On the basis of geography, the market of Big Data Spending in Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. Cloud-Based will boost the Big Data Spending in Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source of Big Data, the sub-segment i.e. Patient Portal will boost the Big Data Spending in Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software/Service Type, the sub-segment i.e. Software will boost the Big Data Spending in Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use, the sub-segment i.e. Private Insurance Companies will boost the Big Data Spending in Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
The Health Information Portability and Accountability Act of 1996 (HIPAA): The HIPAA Privacy Rule governs protected health information (PHI), which is individually identifiable information about an individual's care, health condition, or payment for care. The Privacy Rule does not govern de-identified information. The Privacy Rule applies to covered entities (i.e., health plans, health-care clearinghouses, and most health-care providers) and their business associates (i.e., entities having access to or using PHI when performing specified functions or services for the covered entity), collectively referred to herein as regulated entities.
- Aforementioned Move from a Pay-For-Service Model to a Value-Based Care Model
- Huge Demand for Data Science and Predictive Analysis
- Increase in Data Volume Generated
- Staggering Growth in Unstructured Medical Data
- Surging Adoption of the Cloud Model
- Rising Adoption as the Use of Big Data Reduce the Costs of Health Care
- Huge Investments Required for Implementing Big Data
- Data Security Concern Related To Big Data Technology & Services
Key Target AudienceTechnology Providers, Government Regulatory Bodies, Government and Private Research Organizations and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase