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PUBLISHER: Grand View Research | PRODUCT CODE: 1529644
PUBLISHER: Grand View Research | PRODUCT CODE: 1529644
Data Monetization Solution For Healthcare Providers Market Size, Share & Trends Analysis Report By Type (Software, Services), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2024 - 2030
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Data Monetization Solution For Healthcare Providers Market Growth & Trends:
The global data monetization solution for healthcare providers market size is expected to reach USD 293.1 million by 2030, registering a CAGR of 15.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth owing to the increasing demand for real-world evidence (RWE). Furthermore, rising healthcare databases and increasing need to reduce healthcare expenses are contributing to market growth. Additionally, increasing adoption of strategic initiatives by key market players is fostering market growth. For instance, in November 2022, Wipro Limited introduced the Wipro Data Intelligence Suite, an all-in-one answer for expediting cloud modernization and the monetization of data. The suite concentrates on the modernization of data estates, encompassing data stores, pipelines, and visualizations, operating on Amazon Web Services (AWS). These increasing product launches will escalate market growth.
The increasing usage of healthcare wearables and other digital health devices is fostering market growth. For instance, according to the June 2023 NIH report, nearly one in three Americans utilize a wearable device, like a smartwatch or band, to monitor their health and fitness. These devices generate vast amounts of real-time health data, including metrics such as heart rate, physical activity, sleep patterns, and other vital signs.When effectively aggregated and analyzed, this data can provide valuable insights into an individual's health status and behavior patterns. Therefore, by integrating data monetization solutions into their operations, providers can improve patient care and outcomes, as well as create new revenue streams.
Similarly, rising adoption of electronic health records (EHRs) across the globe is expected to boost market growth. For instance, in 2024, an article in Market.us Media reported that about 80% of primary care physicians in Germany utilize EHR systems. EHR usage in German hospitals stands at approximately 70%. The proportion of healthcare providers electronically sharing patient data is 53%.The monetization of electronic health record (EHR) data has the potential to create income and enhance patient care, treatment results, and the efficiency of the healthcare system.
The major players operating in the market are adopting strategies such as collaborations, supply agreements, and partnerships with a major focus on enhancing product formation and reach. For instance, in June 2021, Snowflake, the company known for its Data Cloud, revealed enhancements to its data offerings and capabilities on the Snowflake Data Marketplace. Furthermore, they announced the general availability of the Data Marketplace, aiming to assist customers from various industries in accessing a greater amount of data within the Data Cloud, thereby enabling them to gain more comprehensive data insights.
The increasing focus on patient-centered care and the growing demand for remote monitoring and telehealth are driving the need for data-driven insights in the healthcare sector. This is contributing to the growth of data monetization solutions. As healthcare systems worldwide move towards patient-centered models, there is a growing recognition of the importance of personalized care tailored to individual patient needs and preferences. This shift requires the collection and analysis of extensive health data to better understand patient populations and deliver targeted interventions, thereby fostering market growth.
Data Monetization Solution For Healthcare Providers Market Report Highlights:
- Based on type, the software segment held the largest revenue share in the market in 2023 owing to the growing demand for software solutions with advanced analytics and AI capabilities
- North America dominated the market due to the presence of key market players coupled with the region's robust healthcare infrastructure and advanced technological capabilities.
- In July 2022, Mayo Clinic and Mercy entered into a 10-year collaboration agreement, marking the first-ever alliance between two major health care systems. This partnership leveraged the latest data science and extensive de-identified patient outcomes to detect diseases at an earlier stage and expedite patients' journey to improved health
Product Code: GVR-4-68040-326-3
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Segment scope
- 1.1.2. Regional scope
- 1.1.3. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.4.1. Data analysis models
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.6.1. Commodity flow analysis (Model 1)
- 1.6.1.1. Approach 1: Commodity flow approach
- 1.6.1. Commodity flow analysis (Model 1)
- 1.7. Research Assumptions
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Type outlook
- 2.2.2. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Data Monetization Solution for Healthcare Providers Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.2. Market restraint analysis
- 3.3. Data Monetization Solution for Healthcare Providers: Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.2. PESTLE Analysis
- 3.4. Regulatory Framework
Chapter 4. Data Monetization Solution for Healthcare Providers Market Segment Analysis, By Type, 2018 - 2030 (USD Million)
- 4.1. Definition and Scope
- 4.2. Type Market Share Analysis, 2023 & 2030
- 4.3. Segment Dashboard
- 4.4. Global Data Monetization Solution for Healthcare Providers Market, by Type, 2018 to 2030
- 4.5. Software
- 4.5.1. Software market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.6. Services
- 4.6.1. Services market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Data Monetization Solution for Healthcare Providers Market Segment Analysis, By Region, By Type, 2018 - 2030 (USD Million)
- 5.1. Regional Market Share Analysis, 2023 & 2030
- 5.2. Regional Market Dashboard
- 5.3. Regional Market Snapshot
- 5.4. Data Monetization Solution for Healthcare Providers Market Share by Region, 2023 & 2030
- 5.5. North America
- 5.5.1. North America data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.5.2. U.S.
- 5.5.2.1. U.S. data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.5.3. Canada
- 5.5.3.1. Canada data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.5.4. Mexico
- 5.5.4.1. Mexico data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.6. Europe
- 5.6.1. Europe data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.6.2. UK
- 5.6.2.1. UK data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.6.3. Germany
- 5.6.3.1. Germany data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.6.4. France
- 5.6.4.1. France data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.6.5. Italy
- 5.6.5.1. Italy data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.6.6. Spain
- 5.6.6.1. Spain data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.6.7. Norway
- 5.6.7.1. Norway data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.6.8. Sweden
- 5.6.8.1. Sweden data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.6.9. Denmark
- 5.6.9.1. Denmark data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.7. Asia Pacific
- 5.7.1. Japan
- 5.7.1.1. Japan data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.7.2. China
- 5.7.2.1. China data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.7.3. India
- 5.7.3.1. India data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.7.4. Australia
- 5.7.4.1. Australia data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.7.5. South Korea
- 5.7.5.1. South Korea data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.7.6. Thailand
- 5.7.6.1. Thailand data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.7.1. Japan
- 5.8. Latin America
- 5.8.1. Brazil
- 5.8.1.1. Brazil data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.8.2. Argentina
- 5.8.2.1. Argentina data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.8.1. Brazil
- 5.9. MEA
- 5.9.1. South Africa
- 5.9.1.1. South Africa data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.9.2. Saudi Arabia
- 5.9.2.1. Saudi Arabia data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.9.3. UAE
- 5.9.3.1. UAE data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.9.4. Kuwait
- 5.9.4.1. Kuwait data monetization solution for healthcare providers market, 2018 - 2030 (USD Million)
- 5.9.1. South Africa
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company Categorization
- 6.3. Company Profiles
- 6.3.1. Microsoft Corporation
- 6.3.1.1. Company overview
- 6.3.1.2. Financial performance
- 6.3.1.3. Product benchmarking
- 6.3.1.4. Strategic initiatives
- 6.3.2. Oracle Corporation
- 6.3.2.1. Company overview
- 6.3.2.2. Financial performance
- 6.3.2.3. Product benchmarking
- 6.3.2.4. Strategic initiatives
- 6.3.3. SAP SE
- 6.3.3.1. Company overview
- 6.3.3.2. Financial performance
- 6.3.3.3. Product benchmarking
- 6.3.3.4. Strategic initiatives
- 6.3.4. SAS Institute Inc.
- 6.3.4.1. Company overview
- 6.3.4.2. Financial performance
- 6.3.4.3. Product benchmarking
- 6.3.4.4. Strategic initiatives
- 6.3.5. Salesforce, Inc
- 6.3.5.1. Company overview
- 6.3.5.2. Financial performance
- 6.3.5.3. Product benchmarking
- 6.3.5.4. Strategic initiatives
- 6.3.6. Snowflake Inc.
- 6.3.6.1. Company overview
- 6.3.6.2. Financial performance
- 6.3.6.3. Product benchmarking
- 6.3.6.4. Strategic initiatives
- 6.3.7. Siemens
- 6.3.7.1. Company overview
- 6.3.7.2. Financial performance
- 6.3.7.3. Product benchmarking
- 6.3.7.4. Strategic initiatives
- 6.3.8. TIBCO Software Inc.
- 6.3.8.1. Company overview
- 6.3.8.2. Financial performance
- 6.3.8.3. Product benchmarking
- 6.3.8.4. Strategic initiatives
- 6.3.9. Virtusa Corp.
- 6.3.9.1. Company overview
- 6.3.9.2. Financial performance
- 6.3.9.3. Product benchmarking
- 6.3.9.4. Strategic initiatives
- 6.3.10. H1
- 6.3.10.1. Company overview
- 6.3.10.2. Financial performance
- 6.3.10.3. Product benchmarking
- 6.3.10.4. Strategic initiatives
- 6.3.1. Microsoft Corporation
Product Code: GVR-4-68040-326-3
List of Tables
- Table 1 List of Secondary Sources
- Table 2 List of Abbreviations
- Table 3 Global data monetization solution for healthcare providers market, by region, 2018 - 2030 (USD Million)
- Table 4 Global data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 5 North America data monetization solution for healthcare providers market, by region, 2018 - 2030 (USD Million)
- Table 6 North America data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 7 U.S. data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 8 Canada data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 8 Mexico data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 9 Europe data monetization solution for healthcare providers market, by region, 2018 - 2030 (USD Million)
- Table 10 Europe data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 11 Germany data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 12 UK data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 13 France data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 14 Italy data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 15 Spain data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 16 Denmark data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 17 Sweden data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 18 Norway data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 19 Asia Pacific data monetization solution for healthcare providers market, by region, 2018 - 2030 (USD Million)
- Table 20 Asia Pacific data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 21 China data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 22 Japan data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 23 India data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 24 South Korea data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 25 Australia data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 26 Thailand data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 27 Latin America data monetization solution for healthcare providers market, by region, 2018 - 2030 (USD Million)
- Table 28 Latin America data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 29 Brazil data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 31 Argentina data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 32 MEA data monetization solution for healthcare providers market, by region, 2018 - 2030 (USD Million)
- Table 33 MEA data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 34 South Africa data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 35 Saudi Arabia data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 36 UAE data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
- Table 37 Kuwait data monetization solution for healthcare providers market, by type, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value-chain-based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 Data monetization solution for healthcare providers market: outlook
- Fig. 9 Data monetization solution for healthcare providers competitive insights
- Fig. 10 Parent market outlook
- Fig. 11 Data monetization solution for healthcare providers market driver impact
- Fig. 12 Data monetization solution for healthcare providers market restraint impact
- Fig. 13 Porter's Analysis
- Fig. 14 PESTLE Analysis
- Fig. 15 Data monetization solution for healthcare providers market: Type movement analysis
- Fig. 16 Data monetization solution for healthcare providers market: Type outlook and key takeaways
- Fig. 17 Software market estimates and forecast, 2018 - 2030
- Fig. 18 Services estimates and forecast, 2018 - 2030
- Fig. 19 Global data monetization solution for healthcare providers market: Regional movement analysis
- Fig. 20 Global data monetization solution for healthcare providers market: Regional outlook and key takeaways
- Fig. 21 North America data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 22 Key country dynamics
- Fig. 23 U.S. data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 24 Key country dynamics
- Fig. 25 Canada data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 26 Key country dynamics
- Fig. 27 Mexico data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 28 Europe data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030, (USD million)
- Fig. 29 Key country dynamics
- Fig. 30 UK data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 31 Key country dynamics
- Fig. 32 Germany data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 33 Key country dynamics
- Fig. 34 Spain data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 35 Key country dynamics
- Fig. 36 France data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 37 Key country dynamics
- Fig. 38 Italy data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 39 Key country dynamics
- Fig. 40 Norway data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 41 Key country dynamics
- Fig. 42 Denmark data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 43 Key country dynamics
- Fig. 44 Sweden data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 45 Asia Pacific data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030, (USD million)
- Fig. 46 Key country dynamics
- Fig. 47 Japan data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 48 Key country dynamics
- Fig. 49 China data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 50 Key country dynamics
- Fig. 51 India data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 52 Key country dynamics
- Fig. 53 Australia data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 54 Key country dynamics
- Fig. 55 South Korea data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 56 Key country dynamics
- Fig. 57 Thailand data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 58 Latin America data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030, (USD million)
- Fig. 59 Key country dynamics
- Fig. 60 Brazil data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 61 Key country dynamics
- Fig. 62 Argentina data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 63 MEA data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 64 Key country dynamics
- Fig. 65 South Africa data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 66 Key country dynamics
- Fig. 67 Saudi Arabia data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 68 Key country dynamics
- Fig. 69 UAE data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 70 Key country dynamics
- Fig. 71 Kuwait data monetization solution for healthcare providers market estimates and forecasts, 2018 - 2030 (USD million)
- Fig. 72 Key company categorization
- Fig. 73 Heat map analysis, 2022 - 2023
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