Towards Healthcare
Big Data Analytics in Healthcare Market Grows USD 190.98 Bn by 2034

Big Data Analytics in Healthcare Market Growth, Opportunities and Segment Analysis

Projections indicate that, the global big data analytics in healthcare market will increase from USD 40.61 billion in 2024 to USD 190.98 billion by 2034, experiencing a CAGR of 16.73% over the next 10 years. Advanced technological infrastructure and the leading edge of novel solutions are driving big data analytics in the healthcare market. North America showed dominance in 2024, as it possesses robust government initiatives for health IT innovations.

Category: Healthcare IT Insight Code: 5671 Format: PDF / PPT / Excel

Rohan Patil

Principal Consultant

Aditi Shivarkar

Reviewed By

The global big data analytics in healthcare market size is calculated at USD 40.61 in 2024, grew to USD 47.42 billion in 2025, and is projected to reach around USD 190.98 billion by 2034. The market is expanding at a CAGR of 16.73% between 2025 and 2034.

Big Data Analytics In Healthcare Market Size 2024 - 2034

Key Takeaways

  • Big data analytics in healthcare industry poised to reach USD 40.61 billion in 2024.
  • Forecasted to grow to USD 190.98 billion by 2034.
  • Expected to maintain a CAGR of 16.73% from 2025 to 2034.
  • North America dominated the big data analytics in healthcare market share in 2024.
  • Asia Pacific is expected to be the fastest-growing region in the upcoming years.
  • By deployment, the on-premises segment held the largest revenue in the market in 2024.
  • By deployment, the cloud segment is expected to grow at the fastest CAGR during the projected timeframe.
  • By end user, the hospitals and clinics segment led the market in 2024.
  • By end user, the finance and insurance segment is expected to grow at the fastest CAGR during the forecast period.
  • By application, the clinical analytics segment dominated the market in 2024.
  • By application, the operational analytics segment is expected to grow significantly in the projected period.
  • By component, the hardware segment dominated the big data analytics in healthcare market in 2024.
  • By component, the software segment is expected to be the fastest growing during the forecast period.

Key Metrics and Overview

Metric  Details
Market Size in 2025 USD 47.42 Billion
Projected Market Size in 2034 USD 190.98 Billion
CAGR (2025 - 2034) 16.73%
Leading Region North America
Market Segmentation By Deployment, By End User, By Application, By Component, By Region
Top Key Players IBM, Accenture, Microsoft, Oracle, Teradata, Health Catalyst, Accenture, McKesson Corporation, IQVIA, Wipro

Market Overview

Big data analytics in healthcare is also termed as health analytics, which includes the purpose of advanced analytical techniques to investigate large amounts of patient data to acquire insights and optimize healthcare delivery. By using different sources, like electronic health records, wearable devices, and social media, are used. Several methods are employed, such as machine learning, predictive modelling, and data mining. The growing technological advancements, including AI-powered tools, are propelling the growth of big data analytics in healthcare market. Mainly, it enhances the accuracy in diagnosis and personalized treatment plans.

  • In January 2025, NVIDIA made new partnerships to convert the $10 trillion healthcare and life sciences industry by boosting drug discovery, increasing genomic research, and developing advanced healthcare services with agentic and generative AI. (Source - nvidia)
  • In May 2025, Komodo Health partnered with Nasdaq to convey the first integrated healthcare platform with specialized data insights to the financial services industry. (Source - businesswire)
  • In April 2024, IQVIA, an inspiring global provider of data, analytics, technology, and services to the life sciences industry, and Salesforce, made a partnership to enhance the development of Salesforce’s Life Sciences Cloud. (Source - IQVIA)

How can AI revolutionize the Big Data Analytics in Healthcare Market?

AI has a major role in the market as its algorithms can investigate medical images, patient history, and other relevant data to identify diseases early, conditions like cancer, diabetes, by detecting precise patterns which may evade human detection. Although by examining an individual’s genetic patterns, lifestyle, and medical history, AI enables treatments to be more efficient and reduces the risks.

For instance,

  • In December 2024, the MeitY-NASSCOM Centre of Excellence (CoE) for Artificial Intelligence (AI) and the Internet of Things (IoT) is uniting with start-ups, corporates, and healthcare providers to evolve solutions focused at the enhancement of diagnostics, lessens the healthcare cost, and addressing the rural-urban divide in medical approach. (Source - Business Today)

Market Dynamics

Driver

Growing Large Amounts of Healthcare Data and EHR Acquisition

The big data analytics in healthcare market growth is generally influenced by the rising large amounts of healthcare data from different sources such as EHRs, medical imaging, wearable devices, and genomic data, contributing as an abundant source for analysis. However, government investments and demand for data-driven decision making are impelling the acquisition of EHR, which in turn generates the demand for data analytics.

Restraint

Generating Breaches in Data Privacy and Security

The most important challenge is, generation of breaches in highly sensitive and confidential healthcare data, which gives rise to significant concerns. As a healthcare data breach is a major concern, organizations are prompted to prioritize security actions upon analytics. Furthermore, this can give unwillingness to acquire or boost big data analytics solutions because of the rising risk of violation of patient privacy and regulatory considerations, including HIPAA (Health Insurance Portability and Accountability Act) and GDPR (General Data Protection Regulation). 

Opportunity

Modifications in the Healthcare System and Improved Patient Results

In the healthcare system, it is possible to detect diseases early by applying predictive analytics, and to enforce proactive medications, which minimizes the risk of chronic diseases. Further, imposing algorithms to investigate medical images and patient data, assisting in rapid and more reliable diagnoses. Also, in the case of personalized medicine, it identifies patterns and anticipates individual responses to treatment, resulting in customized and efficient therapies.

Segmental Insights

Why On-Premises Segment Held the Major Share?

By deployment, the on-premises segment dominated the market in 2024. This segment allows healthcare organizations to achieve higher control over their data and infrastructure, which is significant in maintaining data privacy and security. Also, various healthcare organizations have robust data privacy regulations, and on-premises solutions permit a more dominated environment for compliance.

By deployment, the cloud segment is expected to grow at the fastest CAGR during the projected timeframe. In the big data analytics in healthcare market, cloud computing plays a vital role, which permits efficient data storage, analysis, and sharing. Also, it has advantages like rapid analysis, optimized access to patient data, and increased collaboration between healthcare providers. This segment is driven by the need for advanced analytics and the demand to operate large amounts of patient data.

What are the Reasons for the Hospitals and Clinics Segment Dominance?

By end user, the hospitals and clinics segment held the largest revenue in the market in 2024. Big data analytics assists in the optimization of diagnostic accuracy and in estimating and preventing risks, particularly in chronic diseases and intensive care. As well as numerous sources for data analysis, including EHRs, imaging systems, and patient monitoring devices, are needed to streamline workflows, minimize wait times, and assign resources more efficiently, which enhances the growth of the big data analytics in healthcare market.

By end user, the finance and insurance segment is expected to grow fastest during the forecast period. The finance and insurance segment is influenced by the support of big data analytics in cost improvement in different areas, like robust resource allocation, simplified workflows, and dynamic patient management. Investigating wide datasets enables the identification of patterns of false activity, which enables insurance companies to identify and prevent losses.

Why the Clinical Analytics Segment Led the Market?

By application, the clinical analytics segment dominated the market in 2024. It is a major component of big data analytics in healthcare, which investigates patient information to upgrade diagnosis, treatment, and care delivery. Although it supports a high volume of healthcare data to determine patterns, anticipate results, and personalize treatment plans, it ultimately optimizes patient care and impacts efficiency in healthcare systems.

By application, the operational analytics segment is expected to grow significantly in the projected period. Predictive analytics in operational analytics supports forecasting patient admissions, estimating equipment needs, and predicting staffing demands, which is permitting for potential resource allocation and cost management. Moreover, improving care pathways and treatment protocols boosts the patient experience.

What are the Factors Promoting the Dominance Hardware Segment?

By component, the hardware segment dominated the market in 2024. The big data analytics in healthcare market comprises different components such as VPNs, firewalls, routers, data storage, and email servers & access points. Advanced firewalls are vital in protection against cyber threats and keeping patient privacy, which is widely propelling the segment growth in the market.

By component, the software segment is expected to be the fastest growing during the forecast period. The software segment assists in maintaining patients' complete medical histories, comprising diagnoses, treatments, and interventions, and electronic health records (EHRs) play a major role in the healthcare system. Including other details of patient care, from billing to collection, enables analysis to detect trends and optimize efficiency.

Regional Insights

Why Did North America Show Dominance in the Market?

North America led the big data analytics in healthcare market in 2024. The factors include robust government encouragement of health IT innovations, advanced technological infrastructure, and the leading edge of novel solutions. Furthermore, there is strong ecosystem collaboration between healthcare providers, research academies, and analytical companies to tackle data for finer decision making and patient results. Also, the emerging advances in AI, machine learning, and IoT are the key drivers for the acquisition of big data analytics in healthcare, which provides highly revolutionary and more precise diagnoses and treatments.

The U.S Big Data Analytics in Healthcare Market Trends

In the US, the market is driven by factors like accelerating technological advances in healthcare IT, such as the adoption of electronic health records (EHRs) and else digital health technologies. In addition, boosting major investments in IT infrastructure by the US healthcare system, allowing the collection and investigation of large volume datasets. The patient information has been protected by employing regulations like HIPAA, which also assist in the use of information for research and development.

The Canada Big Data Analytics in Healthcare Market Trends

The market has been significantly impacted by accelerating expenses on healthcare, which is a vital factor for the market growth. Also, the healthcare system in Canada has shifted its work from paper-based to digital health records are developing huge amounts of data, generating conveniences for using big data analytics to upgrade healthcare systems. However, the Canadian Institute for Health Information (CIHI) and Canada Health Infoway are cooperating to elevate the application of digital health data, which is fueling the growth of the market.

Growing Healthcare Expenditure & Technological Advancements are Driving the Asia Pacific

Asia Pacific is expected to be the fastest-growing region during the forecast period. In Asia Pacific, the market is widely impelled by factors like the expansion of the healthcare IT domain, increasing expenses on healthcare, also the adoption of technological advancements in areas like AI, machine learning, and IoT. As well as emerging predictive and prescriptive analytics are improving the treatment trends, which ultimately boosts patient outcomes. Digitalized healthcare systems include the acquisition of an EHR system, telehealth, and other solutions are optimize operations with high accuracy in patient care.

The China Big Data Analytics in Healthcare Market Trends

In China, the significantly growing market is propelled by faster adoption of digital technologies in healthcare, such as EHRs, wearables, and telemedicine, creating ample data that fuels demand for analytics. Although, Government of China has encouraged initiatives like "Healthy China 2030," which categorizes data-driven developments in healthcare. An increasing number of chronic disease incidences requires the use of data analytics to upgrade patient care and management.

The Japan Big Data Analytics in Healthcare Market Trends

Primarily, the rising geriatric population demands specialized medical care and prophylactic healthcare, which can be noted from data analytics. The purpose of integrated AI in healthcare systems is to boost, providing highly precise and productive analysis of patient data. Increasing adoption of big data analytics is effective and optimizing patient results.

Upgrading Digital Health Solutions is Driving Europe

Europe is expected to grow at s significant rate during the forecast period. The big data analytics in healthcare market in Europe is adopting upgraded digital health solutions such as electronic health records (EHRs), telecare, and wearables, developing large amounts of data that can be investigated to elevate patient care. In healthcare organizations, optimization of processes and resource allocation helps to minimize operational spending and increase efficiency.

For instance,

  • In July 2024, WHO/Europe launched the Strategic Partners’ Initiative for Data and Digital Health (SPI-DDH), an allied network that associates the 53 Member States of the WHO European Region and major partners in the data and digital health domain. (Source - World Health Organization)

The Germany Big Data Analytics in Healthcare Market Trends

The growing aging population and chronic diseases are driving the growth of the market, along with embracing digital health solutions, and generating novel opportunities in Germany’s healthcare system is accelerating the use of big data analytics. By employing technological advances like AI, IoT in healthcare systems is supporting the shift from volume-based to value-based care, encouraging healthcare providers and payers to use analytics to optimize effectiveness and results.

The UK Big Data Analytics in Healthcare Market Trends

In the UK, big data analytics enables analysis of huge datasets to acquire population health trends and anticipate prospective needs is a vital driver for market growth. Also, it customizes treatments and care plans to create personalized medicines. To healthcare professionals, it provides timely decisions to the rapidly changing healthcare system.

Top Companies in the Big Data Analytics in Healthcare Market

Big Data Analytics In Healthcare Market Companies

Latest Announcements by Industry Leaders

  • In February 2025, CitiusTech announced a new platform, called HealthSPARX, developed to assist healthcare and life sciences organizations in managing and analyzing real-world data (RWD) more precisely. Joseph Paxton, senior vice president and market head, life sciences, CitiusTech, said that the platform is made-to-order to note the rising demand for rapid, AI-based analytics in life sciences. (Source - Health World)
  • In October 2024, IQVIA announced IQVIA AI Assistant, powered by IQVIA Healthcare-grade AI™. Bernd Haas, senior vice president, IQVIA Digital Products and Solutions, replied that this AI assistant allows the accuracy, pace, and reliability needed by their life sciences and healthcare customers, which boosts innovation to develop a healthier world. (Source - IQVIA)
  • In June 2024, SoftBank Group, the Japanese technology investment firm, announced a pivotal alliance venture with Tempus AI, a company specialising in AI-powered medical data analysis and treatment consultations. SoftBank’s CEO, Masayoshi Son, mentioned that by cooperating with Tempus, they will design services at speed in Japan, with the database of 7.7 million U.S. patients, and they are heading start. (Source - AINEWS)

Recent Developments in Big Data Analytics in Healthcare Market

  • In April 2025, Valted Seq launched a novel AI-based genomic tool to elevate developments in healthcare and life sciences to elucidate huge amounts of genetic data. (Source - businesswire)
  • In January 2024, GenepoweRx launched an AI platform called GeneConnectRx, which is used for big data analytics and drug discovery as well. (Source - BioSpectrum India)
  • In June 2024, IQVIA launched One Home for Sites™, the newest clinical trial technology, to figure out risks and minimize the burden at sites. (Source - IQVIA)

Segments Covered in the Report

By Deployment

  • Cloud
  • On-premises

By End User

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

By Application

  • Clinical Analytics
  • Financial Analytics
  • Operational Analytics

By Component

  • Hardware
  • Software

By Region

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
  • Last Updated: 02 June 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Rohan Patil is a seasoned market research professional with over 5+ years of focused experience in the healthcare sector, bringing deep domain expertise, strategic foresight, and analytical precision to every project he undertakes.

Learn more about Rohan Patil

Aditi Shivarkar, with over 14 years of experience in consumer goods, leads research at Towards Consumer Goods, ensuring precise, actionable insights on trends, consumer preferences, and sustainable packaging for businesses.

Learn more about Aditi Shivarkar

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FAQ's

Big data in healthcare involves the collection, analysis, and application of large and network datasets to achieve insights that optimize healthcare delivery, comprising patient records, clinical data, operational data, and financial data. 

It enables personalized medicine plans, anticipation of disease eruption, and upgrades disease identification and diagnosis.

The future of big data in healthcare is experiencing significant growth in the use of data analytics, which increases patient care, reduces expenses, and raises efficiency in operations with the adoption of technological advancements