Global Healthcare Big Data Analytics Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, and Others.By Product;
Hardware, Software, and Service.By Application;
Financial Analytics, Clinical Analytics, Operational & Administrative Analytics, Population Health Analytics, and Others.By Delivery Mode;
On-Premise Model and Cloud-Based Model.By End User;
Healthcare Provider, Pharmaceutical Industry, Biotechnology Industry, Academic Organizations, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Healthcare Big Data Analytics Market (USD Million), 2021 - 2031
In the year 2024, the Global Healthcare Big Data Analytics Market was valued at USD 33,922.53 million. The size of this market is expected to increase to USD 113,962.31 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 18.9%.
The Global Healthcare Big Data Analytics Market is revolutionizing the way healthcare organizations operate by leveraging vast amounts of data to improve patient outcomes, optimize treatment plans, and streamline operations. This market encompasses a variety of technologies and solutions designed to collect, process, and analyze healthcare data from numerous sources, including electronic health records (EHRs), wearable devices, medical imaging, and more.
Big data analytics in healthcare is driven by the need for data-driven decision-making, which allows for more accurate diagnoses, personalized treatments, and efficient resource management. The ability to analyze large datasets helps healthcare providers identify trends and patterns that were previously undetectable, leading to improved patient care and operational efficiencies. Predictive analytics, a significant component of big data analytics, enables healthcare professionals to anticipate patient needs, manage chronic diseases more effectively, and reduce hospital readmissions.
Despite its potential, the market faces several challenges. Data privacy concerns are paramount, given the sensitive nature of health information. High implementation costs and the need for skilled professionals who can navigate complex data systems also pose significant barriers. Interoperability issues between different healthcare systems and ensuring data security are additional hurdles that need to be addressed.
Nevertheless, the opportunities within this market are immense. The integration of wearable technology and telemedicine is expanding the reach of healthcare services, making it possible to monitor patients remotely and provide timely interventions. AI-enhanced diagnostics are improving the accuracy of medical imaging and other diagnostic tools, while genomic data analysis is paving the way for personalized medicine.
As healthcare systems worldwide continue to adopt big data analytics, the potential for transformative improvements in patient care and healthcare delivery becomes increasingly evident. This market is poised for substantial growth as technological advancements and innovative applications continue to emerge.
Global Healthcare Big Data Analytics Market Recent Developments
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In In September 2021 , Salesforce Inc. unveiled Health Cloud 2.0 last September, a technology built to allow companies and governments to provide better worker safety standards and benefits for their staff members as well as community members alike.
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In June 2020, the United Kingdom government partnered with Palantir, a US-based big data corporation, to examine patient records so as to cope better with COVID-19 outbreak. Therefore, this kind of venture has increased demand for healthcare industry connected big data and had significant impacts on its market.
Segment Analysis
The Global Healthcare Big Data Analytics Market is segmented into various types, including descriptive, predictive, and prescriptive analytics. Descriptive analytics focuses on summarizing past data to understand trends and patterns, while predictive analytics uses historical data to forecast future outcomes. Prescriptive analytics, on the other hand, recommends actions based on data insights. These different types cater to distinct healthcare needs, with predictive analytics becoming increasingly significant in areas like patient care optimization and disease outbreak prediction.
In terms of products, the market is divided into software, services, and hardware. Software solutions are the largest segment, offering tools for data processing, visualization, and analysis. Services, including consulting, implementation, and training, play a crucial role in ensuring the effective adoption and usage of big data analytics tools in healthcare settings. Hardware solutions, while a smaller segment, are important for infrastructure support, particularly in data storage and processing capabilities required to handle large volumes of healthcare data.
The applications of healthcare big data analytics span across various sectors, such as clinical analytics, financial analytics, operational analytics, and research analytics. Clinical analytics focuses on improving patient outcomes and treatment efficiency, while financial analytics helps manage costs and optimize billing processes. Operational analytics enhances the efficiency of healthcare systems, and research analytics supports advancements in medical research and drug development. The end users of these analytics solutions include healthcare providers, payers, pharmaceuticals, and research organizations, all of whom leverage big data to drive decision-making and improve healthcare delivery. Geographically, the market is expanding globally, with North America leading due to the presence of major healthcare institutions and technology advancements, while regions like Asia-Pacific are experiencing rapid growth driven by increasing healthcare investments and digital transformation.
Global Healthcare Big Data Analytics Segment Analysis
In this report, the Global Healthcare Big Data Analytics Market has been segmented by Type, Product, Application, Delivery Mode, End User and Geography.
Global Healthcare Big Data Analytics Market, Segmentation by Type
Global Healthcare Big Data Analytics Market, Segmentation by Type Into Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Others.
Descriptive Analytics: This type of analytics is used to interpret historical data to identify patterns and trends. In the healthcare sector, descriptive analytics helps in understanding past patient behaviors, disease trends, and treatment outcomes. It allows healthcare providers to make informed decisions based on past data, improving overall patient care.
Predictive Analytics: Predictive analytics uses statistical algorithms and machine learning techniques to identify the likelihood of future outcomes based on historical data. In healthcare, it is instrumental in predicting disease outbreaks, patient admissions, and potential complications in patient health. By anticipating these events, healthcare providers can proactively manage resources and treatment plans.
Prescriptive Analytics: This advanced form of analytics not only predicts future outcomes but also suggests actions to achieve desired results. In healthcare, prescriptive analytics can recommend treatment options, optimize operational processes, and enhance patient care strategies. It combines data from various sources to provide actionable insights that improve clinical and administrative decisions.
Others: This category includes emerging analytics techniques and tools that do not fall strictly into the other types. It could encompass advanced AI-driven analytics, real-time analytics, and other innovative methods that are continually evolving within the healthcare sector.
Global Healthcare Big Data Analytics Market, Segmentation by Product
Global Healthcare Big Data Analytics Market, Segmentation by Product Into Hardware, Software and Service.
In the realm of big data analytics, particularly within healthcare, hardware components form the backbone of the entire infrastructure. Key hardware elements include servers, storage devices, and networking equipment. Servers are crucial as they handle the vast computational demands of processing large datasets, running complex analytics algorithms, and supporting high-throughput data operations. Storage devices such as data lakes and data warehouses are essential for storing massive amounts of data generated by electronic health records (EHRs), medical imaging, wearable devices, and other sources. These storage solutions must be both scalable and reliable to accommodate the growing volume of healthcare data. Networking equipment ensures seamless data transmission between various hardware components and across different locations, enabling real-time data sharing and collaboration among healthcare providers.
Big data analytics software encompasses a wide range of tools and applications designed for data integration, analysis, visualization, and reporting. Data integration tools allow healthcare organizations to consolidate data from disparate sources, ensuring that all relevant information is available for analysis. Analytical software uses statistical algorithms, machine learning, and artificial intelligence to derive actionable insights from the data. These tools can predict patient outcomes, identify trends, and support decision-making processes. Visualization tools transform complex data into intuitive graphs, charts, and dashboards, making it easier for healthcare professionals to interpret and act on the insights. Reporting tools help in generating detailed reports that comply with regulatory requirements and provide valuable information for clinical and administrative purposes.
Services in the big data analytics ecosystem encompass consulting, implementation, and maintenance. Consulting services involve experts who guide healthcare organizations through the planning and strategy phases, ensuring that their big data initiatives align with their business goals and regulatory requirements. Implementation services focus on deploying the necessary hardware and software infrastructure, integrating it with existing systems, and customizing solutions to meet specific needs. Maintenance services ensure that the analytics systems operate smoothly over time. This includes regular updates, troubleshooting, and performance optimization to adapt to evolving data volumes and analytical demands. Service providers also offer training and support to healthcare staff, ensuring they can effectively use the analytics tools to improve patient care and operational efficiency.
In summary, hardware, software, and services form an integrated ecosystem that supports the effective use of big data analytics in healthcare, driving improved patient outcomes, operational efficiencies, and strategic decision-making.
Global Healthcare Big Data Analytics Market, Segmentation by Application
Global Healthcare Big Data Analytics Market, Segmentation by Application Into Financial Analytics, Clinical Analytics, Operational & Administrative Analytics, Population Health Analytics and Others.
Financial Analytics: This application focuses on managing and analyzing healthcare financial data to improve budgeting, forecasting, and financial planning. It helps healthcare organizations to identify cost-saving opportunities and optimize revenue cycles.
Clinical Analytics: Clinical analytics involves the analysis of clinical data to improve patient outcomes. It includes the study of treatment efficacy, patient safety, and clinical operations. By leveraging clinical analytics, healthcare providers can enhance the quality of care and reduce clinical errors.
Operational & Administrative Analytics: This application focuses on improving the efficiency of healthcare operations and administrative functions. It includes analyzing workflow processes, resource allocation, and patient throughput. Operational analytics help in streamlining operations, reducing costs, and improving patient satisfaction.
Population Health Analytics: Population health analytics involves analyzing data from various populations to identify health trends and outcomes. It helps public health officials and healthcare providers to develop strategies for disease prevention, health promotion, and improving the health of populations.
Others: This category includes specialized analytics applications such as genomic analytics, drug development analytics, and other niche areas that are gaining importance in the healthcare industry.
Global Healthcare Big Data Analytics Market, Segmentation by Delivery Mode
Global Healthcare Big Data Analytics Market, Segmentation by Delivery Mode Into Global Healthcare Big Data Analytics Market, Segmentation by Delivery Mode
The on-premise model for healthcare big data analytics involves hosting the analytics infrastructure within the healthcare organization's own facilities. This model provides healthcare providers with greater control over their data, enhancing security and compliance with regulatory requirements such as HIPAA in the United States or GDPR in Europe. By keeping the data on-site, organizations can implement stringent security measures tailored to their specific needs, reducing the risk of data breaches and unauthorized access.
Moreover, the on-premise model allows for customization of the analytics infrastructure to meet the unique demands of the organization. Healthcare providers can optimize their systems for performance, ensuring that the analytics tools integrate seamlessly with existing electronic health records (EHR) systems and other IT infrastructure. This model also enables immediate access to data without relying on internet connectivity, which can be crucial for critical healthcare applications.
However, the on-premise model comes with significant challenges. It requires a substantial initial investment in hardware, including servers, storage devices, and networking equipment. Additionally, the organization must allocate resources for ongoing maintenance and upgrades, which can be costly and time-consuming. The need for skilled IT personnel to manage and maintain the infrastructure adds to the overall expense. Despite these drawbacks, the on-premise model remains a viable option for organizations prioritizing data control and security.
In contrast, the cloud-based model hosts the analytics infrastructure on remote servers managed by third-party providers. This model offers numerous advantages, making it an increasingly popular choice for healthcare organizations. Scalability is a key benefit; healthcare providers can easily expand their analytics capabilities as their data needs grow without investing in additional hardware. This flexibility allows organizations to handle large volumes of data and perform complex analytics without significant upfront costs.
The cloud-based model is also cost-effective. By leveraging the infrastructure of cloud service providers, healthcare organizations can reduce capital expenditures on hardware and minimize operational costs related to maintenance and upgrades. Cloud providers typically offer robust security measures, including data encryption and regular security audits, ensuring that patient data is protected.
Additionally, the cloud-based model provides ease of access. Healthcare professionals can access analytics tools and data from anywhere with an internet connection, facilitating collaboration and remote work. This accessibility is particularly beneficial for multi-site healthcare organizations and in scenarios where timely data access is critical.
Despite its advantages, the cloud-based model may raise concerns about data sovereignty and compliance with local regulations, as data is stored off-site. However, many cloud providers offer solutions that address these concerns, such as data residency options and compliance certifications.
In summary, both models have distinct benefits and drawbacks. The choice between on-premise and cloud-based models depends on the organization's priorities, including control over data, budget constraints, and scalability requirements.
Global Healthcare Big Data Analytics Market, Segmentation by End User
Global Healthcare Big Data Analytics Market, Segmentation by Application Into Healthcare Provider, Pharmaceutical Industry, Biotechnology Industry, Academic Organizations and Others.
Healthcare Provider: This includes hospitals, clinics, and other healthcare facilities that use big data analytics to improve patient care, streamline operations, and reduce costs. Healthcare providers leverage analytics for clinical decision support, patient monitoring, and operational efficiency.
Pharmaceutical Industry: Pharmaceutical companies use big data analytics to accelerate drug discovery, optimize clinical trials, and improve marketing strategies. Analytics helps in identifying potential drug candidates, predicting trial outcomes, and understanding market trends.
Biotechnology Industry: The biotechnology industry utilizes big data analytics for research and development, particularly in areas like genomics, personalized medicine, and bioinformatics. Analytics enables biotech firms to uncover insights from complex biological data.
Academic Organizations: Universities and research institutions use big data analytics for medical research and education. Analytics tools help in studying disease patterns, evaluating treatment methods, and training the next generation of healthcare professionals.
Others: This category includes various other stakeholders in the healthcare ecosystem, such as insurance companies, public health organizations, and policy makers, who use analytics to inform their strategies and operations.
Global Healthcare Big Data Analytics Market, Segmentation by Geography
In this report, the Global Healthcare Big Data Analytics Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Healthcare Big Data Analytics Market Share (%), by Geographical Region, 2024
The geographical distribution of the Global Healthcare Big Data Analytics Market reveals significant variations in market share across different regions. As of the previous year, North America held the largest market share, driven by factors such as advanced healthcare infrastructure, high adoption of technology, and substantial investment in healthcare IT. The presence of major market players and a favorable regulatory environment also contribute to the region’s dominance.
The European market followed, with significant contributions from countries like the United Kingdom, Germany, and France. Europe’s market share is bolstered by robust healthcare systems, increased focus on digital health, and strong governmental support for healthcare innovation. The region’s emphasis on data privacy and stringent regulations also drives the adoption of advanced analytics solutions that comply with these standards.
The Asia-Pacific region is emerging as a rapidly growing market for healthcare big data analytics. Countries such as China, India, and Japan are experiencing increased healthcare investments, rising adoption of digital health technologies, and growing awareness about the benefits of big data analytics in improving patient care. The region’s large population base and expanding healthcare infrastructure present substantial growth opportunities.
Latin America and the Middle East & Africa regions account for a smaller market share but are witnessing gradual growth. In Latin America, countries like Brazil and Mexico are investing in healthcare IT to enhance their healthcare systems. The Middle East & Africa region is also seeing increased adoption of analytics solutions, particularly in the Gulf Cooperation Council (GCC) countries, where there is a strong focus on modernizing healthcare services.
Overall, the market share distribution reflects the varying degrees of technological adoption, investment capacity, and healthcare infrastructure development across different regions. While North America and Europe currently lead the market, the Asia-Pacific region is expected to witness significant growth, driven by rapid advancements and increasing investments in healthcare analytics.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Healthcare Big Data Analytics Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Data-driven decision making
- Advanced predictive analytics
- Patient care optimization
- Real-time health monitoring
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Personalized treatment plans - Personalized treatment plans represent a significant driver in the Global Healthcare Big Data Analytics Market. This approach tailors medical treatment to the individual characteristics, needs, and preferences of each patient, rather than adopting a one-size-fits-all strategy. Big data analytics plays a crucial role in this personalization by analyzing vast amounts of patient data to uncover insights that inform more precise and effective treatment plans.
One of the primary benefits of personalized treatment plans is the enhancement of patient outcomes. By utilizing data from various sources such as genetic information, lifestyle data, and medical history, healthcare providers can develop tailored therapies that are more likely to be effective for individual patients. For instance, in oncology, analyzing genetic markers can help oncologists choose targeted therapies that are most likely to work based on the patient’s specific type of cancer. This not only improves the effectiveness of treatments but also reduces the risk of adverse reactions.
Moreover, personalized treatment plans can lead to more efficient use of healthcare resources. By predicting which treatments will be most effective for a particular patient, healthcare providers can avoid the trial-and-error approach often associated with conventional treatment methods. This efficiency not only reduces costs but also minimizes the time patients spend undergoing ineffective treatments, thereby improving their overall quality of life.
Big data analytics also facilitates the continuous refinement of personalized treatment plans. As more data is collected and analyzed, healthcare providers can adjust and improve treatment strategies based on real-time feedback and outcomes. This iterative process ensures that treatment plans remain dynamic and responsive to the evolving needs of patients.
Overall, personalized treatment plans supported by big data analytics represent a transformative approach in healthcare. They not only enhance patient outcomes and resource efficiency but also pave the way for more innovative and precise medical practices, driving the growth and adoption of big data analytics in the healthcare sector.
Restraints:
- Data privacy concerns
- High implementation costs
- Complex data integration
- Limited skilled professionals
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Interoperability issues prevalent - Interoperability issues are a significant restraint in the Global Healthcare Big Data Analytics Market. Interoperability refers to the ability of different information systems, devices, and applications to access, exchange, integrate, and cooperatively use data in a coordinated manner. In healthcare, achieving interoperability is crucial for ensuring that patient data can be seamlessly shared across different systems and organizations.
One of the main challenges with interoperability is the diversity of healthcare IT systems. Hospitals, clinics, and other healthcare providers often use various electronic health record (EHR) systems, each with its own data formats, standards, and protocols. This lack of standardization makes it difficult for these systems to communicate effectively with one another. As a result, data silos are created, where patient information is trapped within specific systems, hindering comprehensive data analysis and integration.
Another issue is the regulatory and compliance landscape, which varies significantly across regions and countries. Different healthcare regulations, such as HIPAA in the United States and GDPR in Europe, impose strict guidelines on how patient data should be handled and shared. Ensuring compliance with these regulations while facilitating seamless data exchange adds another layer of complexity to achieving interoperability.
Moreover, there are technical challenges associated with interoperability. Integrating legacy systems with modern data analytics platforms can be difficult and costly. Ensuring that data is accurately and securely transferred between systems requires robust data mapping, transformation processes, and security protocols. These technical hurdles can slow down the adoption of big data analytics in healthcare.
The lack of interoperability not only hampers the efficiency of healthcare delivery but also impacts patient care. When healthcare providers cannot access complete patient information, it can lead to incomplete diagnoses, delayed treatments, and increased risk of medical errors. This highlights the critical need for standardized data exchange frameworks and collaborative efforts among stakeholders to address interoperability challenges.
In conclusion, addressing interoperability issues is essential for unlocking the full potential of big data analytics in healthcare. Overcoming these barriers requires coordinated efforts to standardize data formats, improve regulatory frameworks, and invest in technologies that facilitate seamless data integration. Achieving interoperability will enhance data-driven decision-making, improve patient care, and drive the growth of the Global Healthcare Big Data Analytics Market.
Opportunities:
- Telemedicine growth acceleration
- Wearable technology integration
- AI-enhanced diagnostics
- Chronic disease management
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Global healthcare collaboration - Global healthcare collaboration represents a significant opportunity in the Global Healthcare Big Data Analytics Market. The ability to share and analyze healthcare data on a global scale can drive advancements in medical research, improve patient care, and enhance the overall efficiency of healthcare systems worldwide.
One of the primary benefits of global healthcare collaboration is the acceleration of medical research. By pooling data from diverse populations across different regions, researchers can gain more comprehensive insights into various diseases and health conditions. This large-scale data sharing enables the identification of global health trends, the discovery of new disease biomarkers, and the development of more effective treatment protocols. For instance, analyzing genetic data from diverse populations can lead to breakthroughs in understanding the genetic basis of diseases and the development of personalized medicine.
Moreover, global collaboration facilitates the rapid dissemination of medical knowledge and best practices. Healthcare providers and researchers can share findings, treatment outcomes, and innovative approaches with their counterparts around the world. This exchange of information helps to elevate the standard of care globally and ensures that the latest medical advancements are accessible to all, regardless of geographical location. In times of global health crises, such as pandemics, the ability to share data and collaborate across borders is crucial for coordinating responses and developing effective interventions.
Another significant opportunity lies in the harmonization of healthcare standards and practices. Collaborative efforts can lead to the development of universal healthcare protocols and guidelines, which can streamline healthcare delivery and ensure consistency in patient care. This harmonization can also facilitate international clinical trials, where diverse patient populations are essential for evaluating the safety and efficacy of new treatments.
Big data analytics plays a pivotal role in enabling global healthcare collaboration. Advanced data analytics tools can integrate and analyze data from multiple sources, providing actionable insights that drive collaborative efforts. Additionally, secure data-sharing platforms ensure that patient data is protected while enabling seamless access to necessary information for research and clinical purposes.
In conclusion, global healthcare collaboration, supported by big data analytics, holds the potential to transform healthcare delivery and medical research. By fostering international partnerships and data sharing, the healthcare community can achieve significant advancements in understanding diseases, improving patient care, and addressing global health challenges. This collaborative approach not only enhances the effectiveness of healthcare systems but also contributes to the overall growth and development of the Global Healthcare Big Data Analytics Market.
Competitive Landscape Analysis
Key players in Global Healthcare Big Data Analytics Market include:
- McKesson Corporation
- Optum, Inc.
- IBM
- Oracle
- SAS Institute, Inc.
- IQVIA
- Verisk Analytics, Inc.
- Elsevier
- Medeanalytics, Inc.
- Truven Health Analytics, Inc.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Product
- Market Snapshot, By Application
- Market Snapshot, By Delivery Mode
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Healthcare Big Data Analytics Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Data-driven decision making
- Advanced predictive analytics
- Patient care optimization
- Real-time health monitoring
- Personalized treatment plans
- Restraints
- Data privacy concerns
- High implementation costs
- Complex data integration
- Limited skilled professionals
- Interoperability issues prevalent
- Opportunities
- Telemedicine growth acceleration
- Wearable technology integration
- AI-enhanced diagnostics
- Chronic disease management
- Global healthcare collaboration
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Healthcare Big Data Analytics Market, By Type, 2021 - 2031 (USD Million)
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
- Others
- Global Healthcare Big Data Analytics Market, By Product, 2021 - 2031 (USD Million)
- Hardware
- Software
- Service
- Global Healthcare Big Data Analytics Market, By Application, 2021 - 2031 (USD Million)
- Financial Analytics
- Clinical Analytics
- Operational & Administrative Analytics
- Population Health Analytics
- Others
- Global Healthcare Big Data Analytics Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
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Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Healthcare Big Data Analytics Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- McKesson Corporation
- Optum, Inc.
- IBM
- Oracle
- SAS Institute, Inc.
- IQVIA
- Verisk Analytics, Inc.
- Elsevier
- Medeanalytics, Inc.
- Truven Health Analytics, Inc.
- Company Profiles
- Analyst Views
- Future Outlook of the Market