MRFR also projects the market size to expand at a solid rate of 24.98% during the appraisal period (2019 to 2025).
In a nutshell, the healthcare analytics industry is anticipated to do remarkably well in the coming years, with the surge in government policies and initiatives aimed at improving the healthcare industry along with the emergence of favorable healthcare reimbursement models across countries.Analytics in healthcare is growing at a rapid pace, as healthcare service providers are adopting various software and solutions to track the general health of the mass and detect individuals that are at risk of acquiring chronic ailments.
This has been particularly useful in the face of the rising burden of chronic disorders like diabetes, cancer and more, across the world.
The growth of the clinical analytics segment is also bolstered by the fact that healthcare analytics solution helps carry out efficient researches to define an economic and clinically assured way to effectively diagnose and treat patients.
Increase in research and development activities has also been favorable for the healthcare big data analytics market, as these solutions help operators develop predictive models to bring down attrition and achieve highly targeted pipeline in devices as well as drugs.
Based on the host of key capabilities and the expanding application scope in healthcare, it is safe to assume that the healthcare big data analytics market can witness significant growth over the following years.Furthermore, escalating demand for big data analytics software for population health management combined with the growing need for business intelligence also benefit the global market.