Tuesday, 18 December 2018

Big Data in the Healthcare & Pharmaceutical Industry: Opportunities, Challenges, Strategies & Forecasts 2017 - 2030

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“Big Data” originally emerged as a term to describe datasets whose size is beyond the ability of traditional databases to capture, store, manage and analyze. However, the scope of the term has significantly expanded over the years. Big Data not only refers to the data itself but also a set of technologies that capture, store, manage and analyze large and variable collections of data, to solve complex problems.

Amid the proliferation of real-time and historical data from sources such as connected devices, web, social media, sensors, log files and transactional applications, Big Data is rapidly gaining traction from a diverse range of vertical sectors. The healthcare and pharmaceutical industry is no exception to this trend, where Big Data has found a host of applications ranging from drug discovery and precision medicine to clinical decision support and population health management.

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SNS Research estimates that Big Data investments in the healthcare and pharmaceutical industry will account for nearly $4 Billion in 2017 alone.  Led by a plethora of business opportunities for healthcare providers, insurers, payers, government agencies, pharmaceutical companies and other stakeholders, these investments are further expected to grow at a CAGR of more than 15% over the next three years.

The “Big Data in the Healthcare & Pharmaceutical Industry: 2017 – 2030 – Opportunities, Challenges, Strategies & Forecasts” report presents an in-depth assessment of Big Data in the healthcare and pharmaceutical industry including key market drivers, challenges, investment potential, application areas, use cases, future roadmap, value chain, case studies, vendor profiles and strategies. The report also presents market size forecasts for Big Data hardware, software and professional services investments from 2017 through to 2030. The forecasts are segmented for 8 horizontal submarkets, 5 application areas, 36 use cases, 6 regions and 35 countries.

The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.

The report covers the following topics:

     Big Data ecosystem
     Market drivers and barriers
     Enabling technologies, standardization and regulatory initiatives
     Big Data analytics and implementation models
     Business case, application areas and use cases in the healthcare and pharmaceutical industry
     34 case studies of Big Data investments by healthcare providers, insurers, payers, pharmaceutical companies and other stakeholders
     Future roadmap and value chain
     Company profiles and strategies of over 240 Big Data vendors
     Strategic recommendations for Big Data vendors, and healthcare and pharmaceutical industry stakeholders
     Market analysis and forecasts from 2017 till 2030

Forecast Segmentation

Market forecasts are provided for each of the following submarkets and their subcategories:

Hardware, Software & Professional Services

     Hardware
     Software
     Professional Services

Horizontal Submarkets

     Storage & Compute Infrastructure
     Networking Infrastructure
     Hadoop & Infrastructure Software
     SQL
     NoSQL
     Analytic Platforms & Applications
     Cloud Platforms
     Professional Services

Application Areas

     Pharmaceutical & Medical Products
     Core Healthcare Operations
     Healthcare Support, Awareness & Disease Prevention
     Health Insurance & Payer Services
     Marketing, Sales & Other Applications

Use Cases

     Drug Discovery, Design & Development
     Medical Product Design & Development
     Clinical Development & Trials
     Precision Medicine & Genomics
     Manufacturing & Supply Chain Management
     Post-Market Surveillance & Pharmacovigilance
     Medical Product Fault Monitoring
     Clinical Decision Support
     Care Coordination & Delivery Management
     CER (Comparative Effectiveness Research) & Observational Evidence
     Personalized Healthcare & Targeted Treatments
     Data-Driven Preventive Care & Health Interventions
     Surgical Practice & Complex Medical Procedures
     Pathology, Medical Imaging & Other Medical Tests
     Proactive & Remote Patient Monitoring
     Predictive Maintenance of Medical Equipment
     Pharmacy Services
     Self-Care & Lifestyle Support
     Medication Adherence & Management
     Vaccine Development & Promotion
     Population Health Management
     Connected Health Communities & Medical Knowledge Dissemination
     Epidemiology & Disease Surveillance
     Health Policy Decision Making
     Controlling Substance Abuse & Addiction
     Increasing Awareness & Accessible Healthcare
     Health Insurance Claims Processing & Management
     Fraud & Abuse Prevention
     Proactive Patient Engagement
     Accountable & Value-Based Care
     Data-Driven Health Insurance Premiums
     Marketing & Sales
     Administrative & Customer Services
     Finance & Risk Management
     Healthcare Data Monetization
     Other Use Cases

Regional Markets

     Asia Pacific
     Eastern Europe
     Latin & Central America
     Middle East & Africa
     North America
     Western Europe

Country Markets

Argentina, Australia, Brazil, Canada, China, Czech Republic, Denmark, Finland, France, Germany,  India, Indonesia, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, Norway, Pakistan, Philippines, Poland, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Taiwan, Thailand, UAE, UK,  USA

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Key Questions Answered

The report provides answers to the following key questions:

     How big is the Big Data opportunity in the healthcare and pharmaceutical industry?
     How is the market evolving by segment and region?
     What will the market size be in 2020 and at what rate will it grow?
     What trends, challenges and barriers are influencing its growth?
     Who are the key Big Data software, hardware and services vendors and what are their strategies?
     How much are healthcare providers, insurers, payers, pharmaceutical companies and other stakeholders investing in Big Data?
     What opportunities exist for Big Data analytics in the healthcare and pharmaceutical industry?
     Which countries, application areas and use cases will see the highest percentage of Big Data investments in the healthcare and pharmaceutical industry?

Key Findings

The report has the following key findings:

     In 2017, Big Data vendors will pocket nearly $4 Billion from hardware, software and professional services revenues in the healthcare and pharmaceutical industry. These investments are further expected to grow at a CAGR of more than 15% over the next three years, eventually accounting for over $5.8 Billion by the end of 2020.
     Through the use of Big Data technologies, hospitals and other healthcare facilities have been able to achieve cost reductions of more than 10%, improvements in outcomes by as much as 20% for certain conditions, growth in revenue by 30%, and increase in patient access to services by more than 35%.
     Big Data technologies are playing a pivotal role in accelerating the transition towards accountable and value-based care models, by enabling the continuous collection, consolidation and analysis of clinical and operational data from healthcare facilities and other available data sources.
     Addressing privacy and security concerns is necessary in order to fully leverage the benefits of Big Data in the healthcare and pharmaceutical industry. Therefore, it is essential for key stakeholders to make significant investments in data encryption and cybersecurity, in addition to adopting defensible de-identification techniques and implementing strict restrictions on data use.

List of Companies Mentioned

    1010data
    Absolutdata
    Accenture
    ACR (American College of Radiology)
    Actian Corporation
    Adaptive Insights
    Advizor Solutions
    AeroSpike
    Aetna
    AFS Technologies
    Alation
    Algorithmia
    Alluxio
    Alphabet
    Alpine Data
    Alteryx
    Ambient Clinical Analytics
    AMD (Advanced Micro Devices)
    Amino
    Apixio
    Arcadia Data
    Arimo
    ARM
    ASF (Apache Software Foundation)
    ASTM (American Society for Testing and Materials)
    AstraZeneca
    AtScale
    Attivio
    Attunity
    Australian Digital Health Agency
    Automated Insights
    AWS (Amazon Web Services)
    Axiomatics
    Ayasdi
    Bangkok Hospital Group
    Basho Technologies
    Bayer
    BCG (Boston Consulting Group)
    Bedrock Data
    BetterWorks
    Big Cloud Analytics
    Big Panda
    BigML
    Birst
    Bitam
    Blue Medora
    BlueData Software
    BlueTalon
    BMC Software
    BOARD International
    Booz Allen Hamilton
    Boxever
    CACI International
    Cambridge Semantics
    Capgemini
    Cazena
    CDC (Centers for Disease Control & Prevention)
    Centerstone
    Centrifuge Systems
    CenturyLink
    Chartio
    Cincinnati Children’s Hospital Medical Center
    Cisco Systems
    Civis Analytics
    ClearStory Data
    Cloudability
    Cloudera
    Clustrix
    CMS (U.S. Centers for Medicare & Medicaid Services)
    CNIL (Data Protection Regulatory Authority, France)
    CognitiveScale
    Collibra
    Concurrent Computer Corporation
    Confluent
    Contexti
    Continuum Analytics
    CosmosID
    Couchbase
    CrowdFlower
    CSA (Cloud Security Alliance)
    CSCC (Cloud Standards Customer Council)
    CSIRO (Commonwealth Scientific and Industrial Research Organization)
    Databricks
    DataGravity
    Dataiku
    Datameer
    DataRobot
    DataScience
    DataStax
    DataTorrent
    Datawatch Corporation
    Datos IO
    DDN (DataDirect Networks)
    Decisyon
    Dell Technologies
    Deloitte
    Demandbase
    Denodo Technologies
    Digital Reasoning Systems
    Dimensional Insight
    DMG  (Data Mining Group)
    Dolphin Enterprise Solutions Corporation
    Domino Data Lab
    Domo
    DriveScale
    Dundas Data Visualization
    DXC Technology
    Eligotech
    Engineering Group (Engineering Ingegneria Informatica)
    EnterpriseDB
    eQ Technologic
    Ericsson
    EXASOL
    Express Scripts
    Exscientia
    Facebook
    Faros Healthcare
    FDA (U.S. Food and Drug Administration)
    FICO (Fair Isaac Corporation)
    Fractal Analytics
    Fujitsu
    Fuzzy Logix
    Gainsight
    GE (General Electric)
    Genomics England
    Ginger.io
    Glassbeam
    GNS Healthcare
    Gold Coast Health
    GoodData Corporation
    Google
    Greenwave Systems
    GridGain Systems
    GSK (GlaxoSmithKline)
    Guavus
    H2O.ai
    HDS (Hitachi Data Systems)
    Hedvig
    HHS (U.S. Department of Health & Human Services)
    HL7 (Health Level Seven)
    HLI (Human Longevity Inc.)
    Hortonworks
    HPE (Hewlett Packard Enterprise)
    Huawei
    IBM Corporation
    iDashboards
    IEEE (Institute of Electrical and Electronics Engineers)
    IHE (Integrating the Healthcare Enterprise)
    Illumina
    IMI (Innovative Medicines Initiative)
    Impetus Technologies
    INCITS (InterNational Committee for Information Technology Standards)
    Incorta
    INDS (National Institute of Health Data, France)
    InetSoft Technology Corporation
    Infer
    Infor
    Informatica Corporation
    Information Builders
    Infosys
    Infoworks
    Insightsoftware.com
    InsightSquared
    Intel Corporation
    Interana
    InterSystems Corporation
    ISO (International Organization for Standardization)
    ITU (International Telecommunications Union)
    IU Health (Indiana University Health)
    IURTC (Indiana University Research & Technology Corporation)
    Jedox
    Jethro
    Jinfonet Software
    Johnson & Johnson
    Juniper Networks
    KALEAO
    KBV/NASHIP (National Association of Statutory Health Insurance Physicians, Germany)
    Keen IO
    Kinetica
    KNIME
    Kognitio
    Kyvos Insights
    Lavastorm
    Lexalytics
    Lexmark International
    Linux Foundation
    Logi Analytics
    Longview Solutions
    Looker Data Sciences
    LucidWorks
    Luminoso Technologies
    Maana
    Magento Commerce
    Manthan Software Services
    MapD Technologies
    MapR Technologies
    MariaDB Corporation
    MarkLogic Corporation
    Mathworks
    Mayo Clinic
    Medtronic
    MemSQL
    Merck & Co.
    Merck KGaA
    Metric Insights
    Microsoft Corporation
    MicroStrategy
    Ministry of Health, Labor and Welfare, Japan
    Minitab
    MolecularMatch
    MongoDB
    MSQC (Michigan Surgical Quality Collaborative)
    Mu Sigma
    NCCS  (National Cancer Centre Singapore)
    NCPDP (National Council for Prescription Drug Programs)
    NEC Corporation
    NEMA (National Electrical Manufacturers Association)
    Neo Technology
    NetApp
    NHS (National Health Service, United Kingdom)
    NHS England
    NHS Scotland
    Nimbix
    NIST (U.S. National Institute of Standards and Technology)
    Nokia
    Novartis
    NTT Data Corporation
    Numerify
    NuoDB
    Nutonian
    NVIDIA Corporation
    OASIS (Organization for the Advancement of Structured Information Standards)
    Oblong Industries
    ODaF (Open Data Foundation)
    ODCA (Open Data Center Alliance)
    ODPi (Open Ecosystem of Big Data)
    OGC (Open Geospatial Consortium)
    OpenText Corporation
    Opera Solutions
    Optimal Plus
    Optum
    OptumLabs
    Oracle Corporation
    Palantir Technologies
    Panorama Software
    Paxata
    Pentaho Corporation
    Pepperdata
    Pfizer
    Phocas Software
    Pivotal Software
    Prognoz
    Progress Software Corporation
    Proteus Digital Health
    PwC (PricewaterhouseCoopers International)
    Pyramid Analytics
    Qlik
    Quantum Corporation
    Qubole
    Rackspace
    Radius Intelligence
    RapidMiner
    Recorded Future
    Red Hat
    Redis Labs
    RedPoint Global
    Reltio
    Roche
    Rocket Fuel
    Royal Philips
    RStudio
    Ryft Systems
    Sailthru
    Salesforce.com
    Salient Management Company
    Samsung Group
    Sanofi
    SAP
    SAS Institute
    ScaleDB
    ScaleOut Software
    SCIO Health Analytics
    Seagate Technology
    Seattle Children's Hospital
    Sickweather
    Sinequa
    SingHealth (Singapore Health Services)
    SiSense
    SnapLogic
    Snowflake Computing
    Software AG
    Splice Machine
    Splunk
    Sproxil
    Sqrrl
    Strategy Companion Corporation
    StreamSets
    Striim
    Sumo Logic
    Supermicro (Super Micro Computer)
    Syncsort
    SynerScope
    Tableau Software
    Talena
    Talend
    Tamr
    TARGIT
    TCS (Tata Consultancy Services)
    Teradata Corporation
    The Weather Company
    ThoughtSpot
    TIBCO Software
    Tidemark

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    TM Forum
    Toshiba Corporation
    TPC (Transaction Processing Performance Council)
    Trifacta
    U.S. Department of Energy
    U.S. Department of Veterans Affairs
    UN (United Nations)
    UnitedHealth Group
    University of Michigan
    University of Utah Health Care
    Unravel Data
    VHA (U.S. Veterans Health Administration)
    VMware
    VoltDB
    W3C (World Wide Web Consortium)
    Waterline Data
    Western Digital Corporation
    WiPro
    Workday
    X12
    Xplenty
    Yellowfin International
    Yseop
    Zendesk
    Zoomdata

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