Healthcare Big Data Analytics Market Will Grow at a CAGR of 24.98% by 2025
Healthcare Big Data Analytics Market Overview Big data is the large volume of unstructured data generated during business operations on a daily basis. Analytics involves processing of data by use of complex algorithms so as to find meaningful patterns from it. The global healthcare big data analytics market is anticipated to generate USD 9.5 billion in 2023 from USD 5.5 billion in 2016, at a CAGR of about 11.5 %. Market Dynamics Drivers: The applications of big data for healthcare includes differentiating pricing strategies and price optimization, search engine optimization (SEO), advanced forecasting of disease patterns, better sample selection in clinical trials, elucidation of benefits of therapy etc. It is estimated that worldwide digital healthcare data reached a quantum figure of around 500 petabytes in 2012 alone and which is anticipated to reach 25,000 petabytes by 2020. The opportunities include quantification of link between actions and revenues, greater marke...