Towards Healthcare
Big Data in Healthcare Market Attains USD 540.77 billion by 2034

Big Data in Healthcare Market Dynamics and Strategic Forecast with Trends

Based on market forecasts, the global big data in healthcare market, projected at USD 93.07 billion in 2024, is expected to reach USD 540.77 billion by 2034, growing at a CAGR of 19.24% over the forecast period. Across the world, the growing huge amounts of data sets from numerous sources like electronic health records (EHRs), wearable devices, medical imaging, and genomic sequencing are driving the growth of the market. North America led the market in 2024, due to escalating healthcare expenditure is fueled by the demand for data-driven solutions, which accelerate efficiency and reduce expenses.

Category: Healthcare IT Insight Code: 5707 Format: PDF / PPT / Excel

Big Data in Healthcare Market Size, Key Drivers and Innovation

The global big data in healthcare market size is calculated at USD 93.07 in 2024, grew to USD 110.97 billion in 2025, and is projected to reach around USD 540.77 billion by 2034. The market is expanding at a CAGR of 19.24% between 2025 and 2034.

Numerous sources provide big data, which is then analyzed in the healthcare sector to improve patient outcomes, make better decisions, and reduce costs, among other objectives. The healthcare sector has grown to keep up with the enormous impact of big data. Big data in the healthcare sector is expected to develop globally due to the increasing demand for improved care management, early sickness prediction, and hospitalization processes. The necessity for real-time decision-making, the proliferation of electronic health data, and the rising need for customized treatment are all contributing factors to the growth of big data in healthcare market.

Big Data in Healthcare Market Size 2024 - 2034

Key Takeaways

  • Big data in healthcare industry poised to reach USD 93.07 billion in 2024.
  • Forecasted to grow to USD 540.77 billion by 2034.
  • Expected to maintain a CAGR of 19.24% from 2025 to 2034.
  • North America held the largest revenue share of the market share in 2024.
  • Asia Pacific is expected to grow significantly during the projected timeframe.
  • By component, the hardware segment dominated the big data in healthcare market in 2024.
  • By component, the software segment is expected to grow at the fastest CAGR in the upcoming years.
  • By deployment option, the cloud-based solutions segment held the major revenue share of the market in 2024 and is expected to grow fastest during the forecast period.
  • By application area, the operational management segment dominated the market in 2024.
  • By application area, the population health management segment is expected to grow fastest over the projected period.
  • By healthcare vertical, the healthcare services segment led the big data in healthcare market in 2024.
  • By healthcare vertical, the medical devices segment is expected to grow at the fastest CAGR during the forecast period.
  • By economic status, the high-income countries segment held the major revenue share of the market in 2024.
  • By economic status, the upper-middle income countries segment is expected to grow significantly in the upcoming years.
  • By end user, the hospitals segment led the market in 2024.
  • By end user, the clinics segment is expected to grow at the fastest CAGR in the projected period.

Key Metrics and Overview

Metric Details
Market Size in 2025 USD 110.97 Billion
Projected Market Size in 2034 USD 540.77 Billion
CAGR (2025 - 2034) 19.24%
Leading Region North America
Market Segmentation By Component, By Services, By Deployment Option, By Application Area, By Healthcare Vertical, By Economic Status, By End User, By Region
Top Key Players Accenture, Akka Technologies, Altamira.ai, Amazon Web Services, Athena Global Technologies, Atom Consultancy Services (ACS), Microsoft, Nagarro, Nous Infosystems, NTT data, Oracle, Tata Elxsi, Teradata

Market Overview

Primarily, “big data” is considered the study of huge and network datasets to achieve insights that enhance patient care, simplify approaches, and lessen expenses. The big data in healthcare market is experiencing major growth propelled by rising data volumes, the acquisition of AI-based solutions, and growing demand for personalized medicine. Basically, it involves, collection, storage, and analysis of a variety of information from different sources such as electronic health records, patient-generated data, and medical devices. Due to COVID-19, the adoption of big data in healthcare has increased, especially in sectors like telehealth and remote monitoring. 

  • In February 2025, Apple, an American MNC and technology company, invested $500 billion in its healthcare AI ecosystem, targeted to drive forward this investment in data centers and additionally, its work with AI. (Source - Forbes)
  • In January 2025, Health Catalyst, Inc., a principal provider of data and analytics technology and services to healthcare organizations, entered into a partnership with Databricks, a data and AI company, to develop healthcare data communication and analytics with a customizable solution created particularly for healthcare organizations. (Source - PR Newswire)
  • In October 2024, Hong Kong Science and Technology Parks Corporation (HKSTP) held an official ceremony with 12 strategic partners from the digital health and development areas. This partnership is targeted to jointly drive the expansion of the international digital health ecosystem. (Source - HKSTP)

How is AI Impacting the Big Data in Healthcare Market?

In the healthcare system, AI has a major role in big data as well, by its valuable contribution in the analysis of large volume datasets, such as electronic health records, medical imaging, and genomic information, in the detection of patterns and anomalies that may define early symptoms of disease. This permits for timely medication and increases patient outcomes. Also, AI algorithms enable analysis of individual patient data to generate customized intervention plans, which include factors like genetics, medical history, and lifestyle, which ultimately give rise to improved treatments and minimized adverse reactions. AI assists in the identification of efficient drug candidates and enhances drug development approaches by using huge datasets of genomic, clinical, and drug-related information.

For instance,

  • In May 2025, ASUS, a leading contributor of smart healthcare technology, announced a provider of forefront Healthcare AI solutions, which is going to propel the Smart Healthcare (Healthcare 4.0) innovation with its generative AI technologies. (Source - ASUS)

Market Dynamics

Driver

Developing a Vast Amount of Datasets

The big data in healthcare market is driven by several factors such as, mainly the rising huge volume of datasets from electronic health records (EHRs), wearable devices, medical imaging, and genomic sequencing, which require efficient storage, management, and analysis by using different tools. Also, the growing need for personalized medicine based on preventive analytics, which supports in identification of patients' risk in chronic diseases or any kind of adverse reactions they are facing, ultimately helps in the detection of proactive intervention.

Restraint

Growing Concerns About Data Privacy, Security, and Expertise

Currently, the big data in healthcare market is experiencing the most important challenges, which are maintaining robust privacy and security of patient data generated during the process, like medical records and genetic information, which is one of the most subtle and main targets for cyberattacks. Along with this, widely needed skilled personnel to manage and analyze big data, which demands high expenses on the same.

Opportunity

Escalating Personalized Care and R&D in Drug Discovery

In prospects, in the big data in healthcare market, many opportunities are being generated, likewise, it allows for customizing medications to each case's characteristics, resulting in highly efficient and reduced risky interventions. Also, by using real-time data analysis from wearables and other devices, it is possible to monitor patients' data continuously, enabling timely alerts and interventions. Moreover, by using big data, one can able to detect efficient drug candidates and which boosts the drug development process.

Segmental Insights

How did the Hardware Segment Lead the Market in 2024?

By component, the hardware segment dominated in 2024, capturing a major revenue share in the big data in healthcare market. Mainly, it comprises the physical infrastructure, which includes servers, storage devices, networking equipment, and security solutions such as firewalls and VPNs, which are used to store, process, and examine the data. As well as the IoT is developing a huge volume of data in healthcare, in which hardware is needed to collect, process, and manage data from devices including wearables, biosensors, and else monitoring systems, is fueling the demand for this hardware segment.

By component, the software segment is expected to grow at the fastest CAGR in the upcoming years. In the big data in healthcare market, this segment is rising as it is useful in various organizations for analysis, and sharing of patient information, healthcare revenue cycle management, and enhancing workflows with staffing and supply chains.

What Made the Cloud-Based Solutions Segment Dominate in the Market in 2024?

By deployment option, the cloud-based solutions segment held the major revenue share of the market in 2024 and is expected to grow fastest during the forecast period. It has a significant role in the storage and security of vast amounts of datasets, like electronic health records (EHRs), medical images, and research data, which reduces the need for expensive on-premise infrastructure and enables easy access and sharing, influencing the expansion of the big data in healthcare market. Although cloud computing enables telemedicine platforms to provide virtual consultations and remote patient monitoring, it enhances access to care and patient improvement. Moreover, it has the beneficial characteristics of being cost-effective and providing robust security measures by confirming regulatory compliance with HIPAA regulations, which protects the sensitive data of patients.

Which Application Area Held the Largest Share of the Market in 2024?

By application area, the operational management segment dominated the big data in healthcare market in 2024. It has a vital focus on applying data analytics to raise the efficiency and output of healthcare processes. Primarily, this segment is widely employed to analyze workforce data to improve staffing levels, minimize absence, and enhance employee scheduling, resulting in greater resource allocation and reduced labour expenses. Also, in the identification of congestion and inadequacies in different processes, which gives targeted intervention and simplifies the workflow.

By application area, the population health management segment is expected to grow fastest over the projected period. This segment in the big data in healthcare market is driven by its reliance on the collection and analysis of data from different sources, like electronic health records, patient registries, and claims data, to generate a complete aggregated view of the population’s health. Also, PHM supports in management of care programs, disease registries, and community surpass efforts, to raise health outcomes.

What Made the Healthcare Services Segment Dominate the Market in 2024?

By healthcare vertical, the healthcare services segment led in 2024, which held the largest revenue share of the market. Numerous types of health services are driving the significant growth of this segment in the market. It is fueled by factors like the demand for specialized personnel in healthcare organizations to manage the difficulties of big data execution and management. The healthcare services provide enhanced patient care and operational efficiency, from personalized treatment plans to boost workforce management and resource allocation.

Number of Healthcare Services Centers in US and India in 2023-2024

The graph displays the number of healthcare services centers in the US and India, as this segment is majorly dominating globally in the big data in healthcare market. In the healthcare services center, there is a high demand for expertise in the healthcare system to manage complexities in big data execution and management, which provides effective patient care and increased operational efficiency.

By healthcare vertical, the medical devices segment is expected to grow at the fastest CAGR during the forecast period. Major devices like wearable devices, diagnostic equipment, and patient monitoring devices are widely connected and assist in data collection and transmission as well. Advantages of these devices in the big data in healthcare market are providing accelerated patient care and early detection of conditions, which results in increased patient outcomes, and also, by using big data, it enables the development of novel and innovative medical devices.

How did the High-Income Countries Lead the Market in 2024?

By economic status, the high-income countries segment held the major revenue share of the market in 2024. Dominancy contributing factors are mainly North America, which is one of the high-income countries that possesses market leadership, growing government encouragement, and investments in healthcare IT. These countries are prime of the acquisition of novel technologies, including AI, IoT, and ML in healthcare.

By economic status, the upper-middle income countries segment is expected to grow significantly in the upcoming years. These countries are experiencing significant growth due to the contribution of healthcare expenditure, urbanization, and a rising awareness of the advantages of big data in accelerating healthcare quality and efficiency. Besides this, escalating spending is allied with the adoption of novel digital technologies, which is propelling the demand for big data solutions.

Which End-User Segment Held the Major Revenue Share of the Market in 2024?

By end user, the hospitals segment led the market in 2024, due to the dominant factors like significant volume generation of data from different sources such as electronic health records, medical imaging, and patient interactions, and these hospitals are widely using advanced technologies like ML and AI to operate this data and propel important insights. Major drivers are growing demand for medical procedures due to increasing cases of chronic conditions, trend towards moral-based care, and PHM.

By end user, the clinics segment is expected to grow at the fastest CAGR in the projected period. As clinics are operating, data from several sources like EHRs, patient feedback, wearables, and medical devices are impacting the expansion of this segment in the big data in healthcare market. By using this data and analytics, it supports in improvement of clinical decision-making, increases patient engagement, anticipates disease eruption, and personalizes care plans.

Regional Insights

Why did North America Dominate the Market in 2024?

North America held the largest revenue share of the market in 2024. Nowadays, accelerating healthcare spending is fueling the demand for data-driven solutions, which enhance potential and lessen expenditure, and is a major contributor to the expansion of the big data in healthcare market in North America. Also, they are trending towards moral-based care, where suppliers are motivated to enhance patient results, further driving the demand for data analysis. Acquisition of advancements in AI, healthcare cloud computing, and else technologies is providing highly sophisticated data analytics and predictive modeling, which is one more impacting factor for the growth of the market.

For instance,

  • In January 2025, CI&T, an international technology transformation specialist, announced three major leadership appointments in North America to develop its expansion strategy in the financial services and healthcare verticals. (Source - Businesswire)

The U.S. Big Data in Healthcare Market Trends

In the U.S, the driving factors are the acquisition of population health management by employing data analytics in healthcare organizations to detect and address health discrepancies, manage chronic disease, and improve complete population health. Additionally, they are widely adopting EHRs, which gives an abundance of patient data used for analysis and decision-making.

The Canada Big Data in Healthcare Market Trends

The market is propelled by growing demand for data-driven insights in healthcare companies to increase operational efficiency and make informed decisions. Moreover, the rising need to highlight instances of disease and viruses around the world, with the accessibility of cloud facilities, is also contributing to the growth of the respective market.

Widespread Adoption of Technological Advancements is Driving the Asia Pacific

Asia Pacific is expected to grow significantly during the projected timeframe. This lucrative growth is impacted by the widespread acquisition of technological advancements like EHRs, telemedicine, and wearable health devices, to a huge flow of data, requiring analytics for potential operation and examination. Also, governments in the Asia Pacific are heavily investing in healthcare infrastructure and digitalization, which is further demanding for analytics to enhance healthcare delivery and patient outcomes.

For instance,

  • In January 2025, Amazon Web Services (AWS) launched its novel cloud region in Asia Pacific (Thailand), permitting businesses in Thailand to store data locally and pace applications rapidly. (Source - Analytics India Dimag)

The China Big Data in Healthcare Market Trends

China has been adopting a wide range of technologies in healthcare, including the internet of medical things, which has led to a significant growth in the amount of data generated. Also, the healthcare providers in China are mostly focused on providing efficient quality care, in which big data analytics assists in the identification of sectors for enhancement and optimization of resource allocation, and improving patient outcomes.

For instance,

  • In May 2025, China launched the world’s first completely AI-based hospital called Agent Hospital, where all virtual medical facilities are staffed by AI. (Source - YourStory)

The India Big Data in Healthcare Market Trends

In India, significant factors are the need for optimized patient outcomes, reduction in expenses, and achievement of efficiency, along with the rising accessibility of data and development in data analytics technologies. Moreover, coupled factors, such as government initiatives and boosted awareness of data-driven solutions, are impacting the acquisition of big data in Indian healthcare.

Consistent Support of the Government in the R&D Sector is Driving Europe

The big data in healthcare market in Europe is influenced by the growing constant government boost and a well-developed healthcare sector, which are fueling R&D in the field. This R&D includes novel diagnostics, treatments, and preventive measures applying big data analytics. Moreover, they are putting digital transformation, with various providers looking for the adoption of data-driven solutions.

For instance,

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

The France Big Data in Healthcare Market Trends

In the rising France, the market is impelled by the adoption of technological advancements in healthcare, such as telemedicine and AI-powered diagnostics are enhancing patient experiences, minimizing expenses, and accelerating the efficiency of healthcare companies. Also, the French government invested in healthcare, and the increase in chronic diseases is propelling the demand for analytics solutions in big data.

For instance,

  • In May 2025, Dassault Systèmes and the FondaMental Foundation launched a ruler and secured Nationwide Health Data Warehouse in France, devoted to psychiatry. (Source - 3Ds)

The UK Big Data in Healthcare Market Trends

The market in the UK is experiencing significant growth, fueled by increased big data applications, including various factors like the growing acquisition of digital health solutions, government support for upgrading digitalization, and the increasing need to enhance healthcare outcomes while managing expenses. The application of big data in particular healthcare areas, including health surveillance, oncology, and precision medicine, is driving market growth. 

  • In April 2025, the UK government invested up to £600 million ($764 million) in the development of a consolidated health data platform, generating a central point for medical researchers looking to tap into NHS data. (Source - Pharma Phorum)

Top Companies in the Big Data in Healthcare Market

Big Data in Healthcare Market Companies

Latest Announcements by Industry Leaders in the Big Data in Healthcare Market

  • In May 2025, Amazon Web Services (AWS) and HUMAIN, Saudi Arabia’s newly opened company accountable for propelling AI creations over the Kingdom and worldwide, announced a strategy for investment of 5 billion-plus in a strategic partnership to develop an inventive ‘AI Zone’ in the Kingdom. Matt Garman, CEO, Amazon Web Services, said that this alliance will allow customers to access reasonable and secure cloud technologies, power innovation and economic expansion around the nation, and provide HUMAIN attract customers globally. (Source - About Amazon)
  • In January 2025, President of America Donald Trump announced a strategic partnership investing up to $500 billion in infrastructure allied to artificial intelligence by a new association created by OpenAI, Oracle, and SoftBank. Trump commented that it’s a huge investment with great quality people, and has a massive declaration of confidence in America’s potential. (Source - AP news)
  • In October 2024, Microsoft Corp. announced about unveiling of various Microsoft Cloud for Healthcare innovations, which are connecting care experiences, accelerating team collaboration, allowing healthcare workers, and opening clinical and operational significances. Joe Petro, corporate vice president, Healthcare and Life Sciences Solutions and Platforms at Microsoft, mentioned that they are at a flex point where AI development is basically altering the path they work and live. (Source - Microsoft)

What are the Recent Developments in the Big Data in Healthcare Market?

  • In December 2024, Korea launched the National Bio Big Data Initiative, a project targeted at the development of a complete bio big data platform to advance precision and personalized medicine. (Source - Korea Biomed)
  • In October 2024, Oracle, a MNC computer technology company, launched its Oracle Health Clinical Data Exchange, a cloud-based platform created to simplify the interchange of medical claims data and healthcare providers & payers. (Source - Investing)
  • In May 2024, Ribbon Health, a provider of data and technology company, launched Ribbon Provider Data Platform, interrupting a rich heritage of industry restraints with provider data. (Source - Businesswire)

Segments Covered in the Report

By Component

  • Hardware
    • Storage Devices
    • Servers
    • Networking Infrastructure
  • Software
    • Electronic Health Record
    • Practice Management Software
    • Revenue Cycle Management Software
    • Workforce Management Software

By Services

  • Descriptive Analytics
  • Diagnostic Analytics
  • Predictive Analytics
  • Prescriptive Analytics

By Deployment Option

  • Cloud-based
  • On-premises

By Application Area

  • Clinical Data Management
  • Financial Management
  • Operational Management
  • Population Health Management

By Healthcare Vertical

  • Healthcare Services
  • Medical Devices
  • Pharmaceuticals
  • Other Verticals

By Economic Status

  • High-Income Countries
  • Upper-Middle Income Countries
  • Lower-Middle Income Countries

By End User

  • Clinics
  • Health Insurance Agencies
  • Hospitals
  • Other End Users

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: 10 June 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Deepa Pandey is a focused and detail-oriented market research professional with growing expertise in the healthcare sector, delivering high-quality insights across therapeutic areas, diagnostics, biotechnology and healthcare services.

Learn more about Deepa Pandey

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 indicates the vast and complex datasets (volume, variety, velocity) developed by patients, healthcare providers, and systems, which enables analysis to reveal insights for effective patient care and operational efficiency. 

Future trends in Big Data in Healthcare are AI-based diagnostics, personalized medicine, and precise public health.

Big Data is being used in public health to monitor disease outbreaks, track health trends, and generate public health interventions. 

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