Europe Healthcare Big Data Analytics Market Report by Component (Services, Software, Hardware), Analytics Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Cognitive Analytics), Delivery Model (On-Premise Delivery Model, On-Demand Delivery Model), Application (Financial Analytics, Clinical Analytics, Operational Analytics, and Others), End User (Hospitals and Clinics, Finance and Insurance Agencies, Research Organizations), and Country 2024-2032

Europe Healthcare Big Data Analytics Market Report by Component (Services, Software, Hardware), Analytics Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Cognitive Analytics), Delivery Model (On-Premise Delivery Model, On-Demand Delivery Model), Application (Financial Analytics, Clinical Analytics, Operational Analytics, and Others), End User (Hospitals and Clinics, Finance and Insurance Agencies, Research Organizations), and Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2674
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Market Overview:

The Europe healthcare big data analytics market size reached US$ 24.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 119.4 Billion by 2032, exhibiting a growth rate (CAGR) of 18.3% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 24.5 Billion
Market Forecast in 2032
US$ 119.4 Billion
Market Growth Rate (2024-2032) 18.3%


Healthcare big data analytics refers to the process of collecting, analyzing and leveraging consumer, patient, physical, and clinical data that is supported by high-performance analytics systems. The rise of value-based care and rapid digitization of healthcare information has prompted the industry to switch to big data analytics for making strategic decisions. In recent years, big data has become an integral part of the healthcare sector due to the availability of a vast amount of data, growing healthcare costs, and a focus on consumerism. This technology also helps in detecting healthcare frauds effectively, and analyzing clinical trials and patient records.

The Europe healthcare big data analytics market is primarily driven by increasing research and development (R&D) activities. This is due to constant government support and a well-established healthcare sector in the region. Besides this, the growing demand for smart connected devices is also propelling the growth of the market. Additionally, the increasing digitization has enabled various healthcare organizations to adopt big data analytics solutions as they help healthcare providers to customize treatment plans and reduce the inefficiency in clinical operations. Moreover, with the spread of the coronavirus disease (COVID-19), the healthcare industry in Europe has adopted descriptive analytics, predictive analytics, and prescriptive analytics, which enable doctors and hospital in-charge personnel to detect the critical condition of a patient by processing sensors data and instantly alert the doctors.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe healthcare big data analytics market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on component, analytics type, delivery model, application and end user.

Breakup by Component:

  • Services
  • Software
    • Electronic Health Record Software
    • Practice Management
    • Workforce Management
  • Hardware
    • Data Storage
    • Routers
    • Firewalls
    • Virtual Private Networks
    • E-Mail Servers
    • Others
       

Breakup by Analytics Type:

  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics
  • Cognitive Analytics
     

Breakup by Delivery Model:

  • On-Premise Delivery Model
  • On-Demand Delivery Model
     

Breakup by Application:

  • Financial Analytics
  • Clinical Analytics
  • Operational Analytics
  • Others
     

Breakup by End User:

  • Hospitals and Clinics
  • Finance and Insurance Agencies
  • Research Organizations
     

Breakup by Country:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, Analytics Type, Delivery Model, Application, End User, Country
Countries Covered Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The Europe healthcare big data analytics market was valued at US$ 24.5 Billion in 2023.

We expect the Europe healthcare big data analytics market to exhibit a CAGR of 18.3% during 2024-2032.

The increasing adoption of automated healthcare solutions for customizing treatment plans and improving overall clinical operations is primarily driving the Europe healthcare big data analytics market.

The sudden outbreak of the COVID-19 pandemic has led to the growing demand for big data analytics across several European nations to assist hospital-in-charge personnel in processing sensors data to determine critical condition of the coronavirus-infected patients and immediately alert the doctors.

Based on the component, the Europe healthcare big data analytics market can be segmented into services, software, hardware. Currently, services hold the majority of the total market share.

Based on the analytics type, the Europe healthcare big data analytics market has been divided into descriptive analytics, predictive analytics, prescriptive analytics, and cognitive analytics. Among these, descriptive analytics currently exhibit a clear dominance in the market.

Based on the delivery model, the Europe healthcare big data analytics market can be categorized into on-premise delivery model and on-demand delivery model. Currently, on-premise delivery model accounts for the majority of the total market share.

Based on the application, the Europe healthcare big data analytics market has been segregated into financial analytics, clinical analytics, operational analytics, and others, where financial analytics currently exhibit a clear dominance in the market.

Based on the end user, the Europe healthcare big data analytics market can be bifurcated into hospitals and clinics, finance and insurance agencies, and research organizations. Currently, hospitals and clinics hold the largest market share.

On a regional level, the market has been classified into Germany, France, United Kingdom, Italy, Spain, others.

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Europe Healthcare Big Data Analytics Market Report by Component (Services, Software, Hardware), Analytics Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Cognitive Analytics), Delivery Model (On-Premise Delivery Model, On-Demand Delivery Model), Application (Financial Analytics, Clinical Analytics, Operational Analytics, and Others), End User (Hospitals and Clinics, Finance and Insurance Agencies, Research Organizations), and Country 2024-2032
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