DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d3t2g4/global_big_data) has announced the addition of the "Global Big Data Market in the Healthcare Sector 2011-2015" report to their offering.
TechNavio's analysts forecast the Global Big Data market in the Healthcare sector to grow at a CAGR of 32.96 percent over the period 2011-2015. One of the key factors contributing to this market growth is the growing data explosion. The Global Big Data market in the Healthcare sector has also been witnessing the emergence of epidemiology. However, the issues with data quality could pose a challenge to the growth of this market.
The other vendors mentioned in the report are: Cloudera Inc., MapR Technologies Inc., DNAnexus Inc., GNS Healthcare Inc., NextBio Inc., Appistry Inc., Health Fidelity Inc., Predixion Software Inc. 100plus, Welldoc Inc., Humedica Inc., Watson Pharmaceuticals Inc., Explorys Inc., and Sproxil Inc.
Commenting on the report, an analyst from TechNavio's Enterprise Computing team said: ''Usage of big data for epidemiology, which is study of health-related issues across a wide network of geography, is one of the major trends of the Global Big Data market in the Healthcare sector. Big data solutions help in the assessment, monitoring, and analysis of the spread of a disease among the inhabitants. This technology also helps in determining the reason behind global or local disease outbreaks. The increasing number of epidemics, significantly in the developing countries, and technological advancements of healthcare organizations to control such epidemics has increased the popularity of epidemiology. Therefore, the emergence of epidemiology is a major trend in the Healthcare sector which might drive the Big Data market in future years.''
According to the report, one of the major drivers for big data solutions in the Healthcare sector is the need to improve the availability and transparency of vast amounts of data stored across enterprises. Mostly, the healthcare enterprises are not aware of the potential benefits of data stored in their databases. Big data solutions help such enterprises in leveraging this vast pool of data for better and improved patient care. The big data technology provides actionable insights to healthcare providers based on the understanding of the entire population. Patients can also have a better view of their health. Therefore, efficiency in data analysis can result in better decision-making both by decision-makers as well as by patients.
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