Global Big Data Market in Healthcare expected to grow at 24.27pc by 2021
A recent research from Market research future asserts global big data in healthcare Market logged $8.4 billion in 2015 and is expected to grow at a CAGR of 22% from 2016-2021.
Healthcare software for big data are expected to grow at a highest CAGR 24.27% during the forecast period because of the demand to meet the regulatory requirements to convert patient records into digital format and for revenue and workforce management by the healthcare providers.
In applications, financial analytics acquired the major share 57.8% in 2015 in order to minimize frauds and claims error for payers and other healthcare providers.
North America and EU regions are dominating the market over a period of time while, Asia is the fastest growing region for Big Data in Healthcare Market in coming years
North America accounts for major market share in the big data analytics in the healthcare sectors, with major countries being the U.S. and Canada.
Europe acquires the second largest market share, with countries such as the U.K and Germany acquiring the major monopoly.
Asia Pacific region is currently sluggish in implementing big data analytics in the healthcare sector but estimated to grow at a faster pace in future.
The global orthopedic biomaterials market type is expected to reach $38,100.2 million by 2020 from $22,074.0 million in 2015 at a CAGR of 11.5% from 2015 to 2020.
