Market Overview:

The Europe healthcare big data analytics market size reached US$ 20.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 66.7 Billion by 2028, exhibiting a growth rate (CAGR) of 21.4% during 2023-2028.

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 level from 2023-2028. 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:

Key Questions Answered in This Report:

• How has the Europe healthcare big data analytics market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Europe healthcare big data analytics market?
• What are the key regional markets?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the analytics type?
• What is the breakup of the market based on the delivery model?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Europe healthcare big data analytics market and who are the key players?
• What is the degree of competition in the industry?