Big Data in Healthcare market set to reach USD 283.43 billion by 2032, driven by AI and predictive analytics

From GlobeNewswire: 2025-04-19 08:00:00

The Big Data in Healthcare Market, valued at USD 68.56 billion in 2023, is expected to reach USD 283.43 billion by 2032, growing at a CAGR of 16.78%. This growth is driven by the need for cost-effective healthcare, real-time patient monitoring, and predictive analytics for better patient outcomes and operational efficiency.

In the U.S., the Big Data in Healthcare Market was USD 22.46 billion in 2023, projected to reach USD 85.50 billion by 2032, with a CAGR of 15.71%. The market is expanding due to the demand for personalized medicine, preventive care, and real-time analytics, with investments in AI, machine learning, and IoT-enabled devices.

Key companies in the Big Data in Healthcare market include IBM, Optum, Cerner Corporation, Philips Healthcare, McKesson Corporation, and more. The market scope covers regions such as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America, with a focus on software tools, healthcare payers, and predictive analytics.

The software segment accounted for nearly 70% of the market share in 2023, with platforms supporting big data ingestion, storage, visualization, and analytics for structured and unstructured content from EHRs, imaging, lab systems, and IoT devices. Healthcare payers led the market in 2023, using big data analytics for fraud detection, risk stratification, claims management, and patient cost modeling. Predictive analytics tools dominated the market, enabling providers to anticipate patient admissions, equipment needs, and chronic condition management. Emerging tools for early cancer detection, like those for breast, cervical, and colorectal cancer, are crucial for high-risk populations, including prostate cancer patients in the U.S. Big Data in Healthcare Market is segmented by component, spender, tool, application, and deployment, with North America leading due to EHR adoption and tech giant involvement. Asia Pacific shows rapid growth potential, fueled by AI-powered diagnostics and analytics tools. Recent developments include Microsoft and Epic Systems collaboration, and IBM Watson Health rebranding to Merative.



Read more at GlobeNewswire: Big Data in Healthcare Market Size to Reach USD 283.43