Global Healthcare Data Monetization Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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What is the Expected Growth Rate of the Healthcare Data Monetization Market from 2024 to 2033?
The healthcare data monetization market has grown rapidly in recent years. It is expected to rise from $0.69 billion in 2023 to $0.83 billion in 2024 at a CAGR of 20.0%. This growth is driven by an increased focus on data privacy and security, along with a rise in the use of external data sources.
The healthcare data monetization market is set to grow rapidly to $1.7 billion by 2028 at a CAGR of 19.7%, attributed to EHR adoption, regulatory standards, and AI integration. Trends include data privacy, data exchange platforms, and monetization partnerships.
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What Key Factors Are Fueling the Growth of the Healthcare Data Monetization Market?
The widespread use of electronic health records (EHRs) is projected to support growth in the healthcare data monetization market. EHRs, digital records of patient medical histories, enable healthcare data to be used for research, drug development, and personalized treatments. A survey by Munich Re Group in June 2023 revealed that EHR adoption among carriers has increased by 38% since 2020, with 90% of companies now using EHRs. This growing adoption of EHRs is thus driving the healthcare data monetization market.
What Are the Major Segments of the Healthcare Data Monetization Market?
1) By Type: Direct Data Monetization, Indirect Data Monetization
2) By Deployment: On-Premise, Cloud
3) By End User: Pharmaceutical and Biotechnology Companies, Healthcare Providers, Healthcare Payers, Medical Technology Companies
What New Trends Are Transforming the Healthcare Data Monetization Market?
In the healthcare data monetization market, companies are introducing innovations like Software as a Service (SaaS) to improve patient experiences. In April 2023, Salesforce launched Customer 360 for Health, designed to help healthcare providers use AI, real-time data, and automation to enhance patient care, streamline processes, and reduce costs.
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Which Regions Are Driving Growth in the Healthcare Data Monetization Market?
North America was the largest region in the healthcare data monetization market in 2023. The regions covered in the healthcare data monetization market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Healthcare Data Monetization Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the healthcare data monetization market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Healthcare Data Monetization Market Include
1. Healthcare Data Monetization Market Executive Summary
2. Healthcare Data Monetization Market Segments
3. Healthcare Data Monetization Market Size And Template Market Growth Rate
4. Key Healthcare Data Monetization Market Trends
5. Major Healthcare Data Monetization Market Drivers
……
25. Key Mergers And Acquisitions In The Healthcare Data Monetization Market
26. Top Healthcare Data Monetization Companies
27. Healthcare Data Monetization Market Opportunities And Strategies
28. Healthcare Data Monetization Market, Conclusions And Recommendations
29. Appendix
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