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Healthcare Big Data Analytics Market to See 22% CAGR Through 2023

January 08, 2019 / Fred Donovan

The healthcare big data analytics market is forecast by P&S Market Research to experience a strong compound annual growth rate (CAGR) of 22 percent, reaching a market value of $22.7 billion by 2023. Factors driving market growth include a significant increase in financial analytics use in healthcare, a surge in demand for analysis of structured and unstructured health data, decreasing costs and availability of big data software and services, and increased adoption of new technologies for data analytics in healthcare business transformations. In addition, the use of personalized healthcare systems and demand for high quality healthcare services is fueling healthcare big data analytics market growth. Key vendors in the healthcare big data analytics market include McKesson, Cognizant, Epic, Cerner, Dell, GE, Siemens, Philips, and Xerox. Based on region, North America has the largest healthcare big data analytics market. At the same time, the fastest growth market is expected to be the...