LAMEA Big Data Analytics in Healthcare Market Size, Share & Industry Trends Analysis Report By Component (Software and Services), By End User, By Analytics Type, By Application, By Deployment, By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The Latin America, Middle East and Africa Big Data Analytics in Healthcare Market would witness market growth of 26.2% CAGR during the forecast period (2023-2029).
Big data analytics has benefits, such as the ability to analyze care patterns, support decision-making, cut waste, and improve care delivery. The comprehensive treatment of patients, including efficient prescription processes and claim data on the same platform, is required for population health management. Future market expansion may be aided by the demand for better care management, early disease factor prediction, and hospitalization processes. Also, the primary focus of healthcare administration in the healthcare sector is citizen health.
As healthcare businesses explore ways to enhance patient outcomes and operational efficiency, big data analytics are becoming increasingly important in the healthcare industry. Big Data Analytics can offer insights into the patient condition, treatment success, and community health trends by gathering and analyzing enormous volumes of data from numerous sources, including wearable devices, electronic health records, and medical imaging.
Individuals, healthcare professionals, and governmental organizations in various regions have widely adopted telehealth and telemedicine. Implementing telehealth technology enables seamless communication between healthcare providers and patients in distant geographical locations. The specialized healthcare programs and video consultations provide a convenient alternative to in-person hospital visits, streamlining the healthcare process for patients. The telehealth sector in the Middle East and Africa is experiencing rapid expansion, due to the swift development of digital health infrastructure. In light of this, the regional market would experience rapid expansion.
The Brazil market dominated the LAMEA Big Data Analytics in Healthcare Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $3,023.1 million by 2029. The Argentina market is exhibiting a CAGR of 26.9% during (2023 - 2029). Additionally, The UAE market would showcase a CAGR of 25.8% during (2023 - 2029).
Based on Component, the market is segmented into Software and Services. Based on End User, the market is segmented into Hospitals & Clinics, Finance & Insurance Agencies and Research Organizations. Based on Analytics Type, the market is segmented into Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Diagnostic Analytics. Based on Application, the market is segmented into Clinical Analytics, Financial Analytics and Operational Analytics. Based on Deployment, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Big Data Analytics in Healthcare Market is Projected to reach USD 130.2 Billion by 2029, at a CAGR of 19.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation (Cerner Corporation), Veradigm, Inc., GE HealthCare Technologies, Inc., IBM Corporation, Epic Systems Corporation, UnitedHealth Group, Inc. (Optum, Inc.), Cognizant Technology Solutions Corporation, KT Corporation, Hewlett Packard Enterprise Company, and Health Fidelity, Inc. (Edifecs, Inc.).
Scope of the Study
Market Segments Covered in the Report:
By End User
- Hospitals & Clinics
- Finance & Insurance Agencies
- Research Organizations
By Analytics Type
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
- Diagnostic Analytics
- Clinical Analytics
- Financial Analytics
- Operational Analytics
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation (Cerner Corporation)
- Veradigm, Inc.
- GE HealthCare Technologies, Inc.
- IBM Corporation
- Epic Systems Corporation
- UnitedHealth Group, Inc. (Optum, Inc.)
- Cognizant Technology Solutions Corporation
- KT Corporation
- Hewlett Packard Enterprise Company
- Health Fidelity, Inc. (Edifecs, Inc.)
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Global Big Data Analytics in Healthcare Market Report 2023-2029
North America Big Data Analytics in Healthcare Market Report 2023-2029
Asia Pacific Big Data Analytics in Healthcare Market Report 2023-2029
Europe Big Data Analytics in Healthcare Market Report 2023-2029