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PUBLISHER: Grand View Research | PRODUCT CODE: 1376130
PUBLISHER: Grand View Research | PRODUCT CODE: 1376130
Data Monetization Solutions For Healthcare Payers Market Size, Share & Trends Analysis Report By Type (Software, Services), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2023 - 2030
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Data Monetization Solutions For Healthcare Payers Market Growth & Trends:
The global data monetization solutions for healthcare payers market size is expected to reach USD 960.3 million by 2030, registering a CAGR of 15.5% from 2023 to 2030, according to a new study by Grand View Research, Inc.. Data monetization solutions in the healthcare payer market involve leveraging healthcare data to generate value and revenue. These solutions encompass strategies to efficiently collect, process, analyze, and commercialize healthcare data. The market is driven by the growing volume of healthcare data, advancements in data analytics and AI technologies, and the increasing need for data-driven decision-making to enhance operational efficiency and patient outcomes. Insurance companies leverage data for various purposes, including sales, customer profiling for renewals, and fraud prevention.
Scorecards and AI-driven models aid in claim assessment, expediting decision-making and reducing fraud. Data integration and AI implementation have enhanced the customer journey, improving satisfaction and retention. AI applications like voice bots and image analytics streamline claims processes, providing real-time assessment and faster claim clearance. Insurers increasingly focus on utilizing advanced technologies to enhance customer experience and operational efficiency. However, data privacy concerns, regulatory complexities, and the need for substantial initial investments are restraining factors in this expanding market. Balancing the innovative use of healthcare data with privacy and compliance will be essential for the sustainable growth of data monetization solutions in the healthcare payer market.
These notable profit gains underscore the successful strategies employed by key players, driving the growth of the market. Their effective utilization of data and strategic decision-making have substantially contributed to this rising trail, showcasing the key role of data monetization solutions in the healthcare insurance sector. For instance, in 2022, the leading insurance companies in the nation, UnitedHealth Group, and Elevance Health, saw significant profit growth compared to 2021, with UnitedHealth's profits increasing by 28% and Elevance Health's by 7%. UnitedHealth recorded an impressive USD 5.3 billion profit, while Elevance Health secured USD 1.6 billion.
Data Monetization Solutions For Healthcare Payers Market Report Highlights:
- The growing volume of healthcare data, advancements in data analytics and AI technologies, and the increasing need for data-driven decision-making to enhance operational efficiency and patient outcomes are major factors driving the market's growth
- The software segment held the largest revenue share of 57.15% of the market. It is expected to continue its dominance with the fastest growth rate over the forecast period
- North America dominated the global market and held the largest revenue share of 40.84% in 2022
- This is due to the region's highly developed healthcare technology infrastructure and high government spending on healthcare
Product Code: GVR-4-68040-139-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Information Procurement
- 1.2. Information Or Data Analysis
- 1.3. Market Scope & Segment Definition
- 1.4. Market Model
- 1.4.1. Market Study, By Company Market Share
- 1.4.2. Regional Analysis
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/Ancillary Market Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Increasing use of external data sources
- 3.2.1.2. Digital transformation in the healthcare sector
- 3.2.1.3. Rising enterprise data volumes
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. Data privacy and security concerns
- 3.2.2.2. Regulatory constraints
- 3.2.1. Market Driver Analysis
- 3.3. Industry Analysis Tools
- 3.3.1. Porter's Five Forces Analysis
- 3.3.2. PESTEL Analysis
- 3.3.3. COVID-19 Impact Analysis
Chapter 4. Type Business Analysis
- 4.1. Data Monetization Solutions for Healthcare Payers Market: Type Movement Analysis
- 4.2. Software
- 4.2.1. Software Market, 2018 - 2030 (USD Million)
- 4.3. Services
- 4.3.1. Services Market, 2018 - 2030 (USD Million)
Chapter 5. Regional Business Analysis
- 5.1. Data Monetization Solutions for Healthcare Payers Market Share By Region, 2022 & 2030
- 5.2. North America
- 5.2.1. SWOT Analysis
- 5.2.2. North America Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.2.3. U.S.
- 5.2.3.1. Key Country Dynamics
- 5.2.3.2. Regulatory Framework
- 5.2.3.3. U.S. Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.2.4. Canada
- 5.2.4.1. Key Country Dynamics
- 5.2.4.2. Regulatory Framework
- 5.2.4.3. Canada Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.3. Europe
- 5.3.1. Europe Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.3.2. UK
- 5.3.2.1. Key Country Dynamics
- 5.3.2.2. Regulatory Framework
- 5.3.2.3. UK Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.3.3. Germany
- 5.3.3.1. Key Country Dynamics
- 5.3.3.2. Regulatory Framework
- 5.3.3.3. Germany Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.3.4. France
- 5.3.4.1. Key Country Dynamics
- 5.3.4.2. Regulatory Framework
- 5.3.4.3. France Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.3.5. Italy
- 5.3.5.1. Key Country Dynamics
- 5.3.5.2. Regulatory Framework
- 5.3.5.3. Italy Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.3.6. Spain
- 5.3.6.1. Key Country Dynamics
- 5.3.6.2. Regulatory Framework
- 5.3.6.3. Spain Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.3.7. Denmark
- 5.3.7.1. Key Country Dynamics
- 5.3.7.2. Regulatory Framework
- 5.3.7.3. Denmark Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.3.8. Sweden
- 5.3.8.1. Key Country Dynamics
- 5.3.8.2. Regulatory Framework
- 5.3.8.3. Sweden Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.3.9. Norway
- 5.3.9.1. Key Country Dynamics
- 5.3.9.2. Regulatory Framework
- 5.3.9.3. Norway Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.4. Asia Pacific
- 5.4.1. Asia Pacific Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.4.2. Japan
- 5.4.2.1. Key Country Dynamics
- 5.4.2.2. Regulatory Framework
- 5.4.2.3. Japan Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.4.3. China
- 5.4.3.1. Key Country Dynamics
- 5.4.3.2. Regulatory Framework
- 5.4.3.3. China Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.4.4. India
- 5.4.4.1. Key Country Dynamics
- 5.4.4.2. Regulatory Framework
- 5.4.4.3. India Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.4.5. Australia
- 5.4.5.1. Key Country Dynamics
- 5.4.5.2. Regulatory Framework
- 5.4.5.3. Australia Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.4.6. Thailand
- 5.4.6.1. Key Country Dynamics
- 5.4.6.2. Regulatory Framework
- 5.4.6.3. Thailand Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.4.7. South Korea
- 5.4.7.1. Key Country Dynamics
- 5.4.7.2. Regulatory Framework
- 5.4.7.3. South Korea Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.5. Latin America
- 5.5.1. Latin America Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.5.2. Brazil
- 5.5.2.1. Key Country Dynamics
- 5.5.2.2. Regulatory Framework
- 5.5.2.3. Brazil Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.5.3. Mexico
- 5.5.3.1. Key Country Dynamics
- 5.5.3.2. Regulatory Framework
- 5.5.3.3. Mexico Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.5.4. Argentina
- 5.5.4.1. Key Country Dynamics
- 5.5.4.2. Regulatory Framework
- 5.5.4.3. Argentina Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.6. MEA
- 5.6.1. MEA Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.6.2. South Africa
- 5.6.2.1. Key Country Dynamics
- 5.6.2.2. Regulatory Framework
- 5.6.2.3. South Africa Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.6.3. Saudi Arabia
- 5.6.3.1. Key Country Dynamics
- 5.6.3.2. Regulatory Framework
- 5.6.3.3. Saudi Arabia Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.6.4. UAE
- 5.6.4.1. Key Country Dynamics
- 5.6.4.2. Regulatory Framework
- 5.6.4.3. UAE Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
- 5.6.5. Kuwait
- 5.6.5.1. Key Country Dynamics
- 5.6.5.2. Regulatory Framework
- 5.6.5.3. Kuwait Data Monetization Solutions for Healthcare Payers Market, 2018 - 2030 (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Participant Categorization
- 6.1.1. Oracle
- 6.1.1.1. Overview
- 6.1.1.2. Financial Performance
- 6.1.1.3. Product Benchmarking
- 6.1.1.4. Strategic Initiatives
- 6.1.2. Microsoft
- 6.1.2.1. Overview
- 6.1.2.2. Financial Performance
- 6.1.2.3. Product Benchmarking
- 6.1.2.4. Strategic Initiatives
- 6.1.3. Google
- 6.1.3.1. Overview
- 6.1.3.2. Financial Performance
- 6.1.3.3. Product Benchmarking
- 6.1.3.4. Strategic Initiatives
- 6.1.4. Salesforce, Inc.
- 6.1.4.1. Overview
- 6.1.4.2. Financial Performance
- 6.1.4.3. Product Benchmarking
- 6.1.4.4. Strategic Initiatives
- 6.1.5. SAP
- 6.1.5.1. Overview
- 6.1.5.2. Financial Performance
- 6.1.5.3. Product Benchmarking
- 6.1.5.4. Strategic Initiatives
- 6.1.6. SAS Institute, Inc.
- 6.1.6.1. Overview
- 6.1.6.2. Financial Performance
- 6.1.6.3. Product Benchmarking
- 6.1.6.4. Strategic Initiatives
- 6.1.7. Accenture.
- 6.1.7.1. Overview
- 6.1.7.2. Financial Performance
- 6.1.7.3. Product Benchmarking
- 6.1.7.4. Strategic Initiatives
- 6.1.8. Infosys Limited
- 6.1.8.1. Overview
- 6.1.8.2. Financial Performance
- 6.1.8.3. Product Benchmarking
- 6.1.8.4. Strategic Initiatives
- 6.1.9. Cisco Systems
- 6.1.9.1. Overview
- 6.1.9.2. Financial Performance
- 6.1.9.3. Product Benchmarking
- 6.1.9.4. Strategic Initiatives
- 6.1.10. Siemens
- 6.1.10.1. Overview
- 6.1.10.2. Financial Performance
- 6.1.10.3. Product Benchmarking
- 6.1.10.4. Strategic Initiatives
- 6.1.11. Particle Health, Inc.
- 6.1.11.1. Overview
- 6.1.11.2. Financial Performance
- 6.1.11.3. Product Benchmarking
- 6.1.11.4. Strategic Initiatives
- 6.1.12. Snowflake Inc.
- 6.1.12.1. Overview
- 6.1.12.2. Financial Performance
- 6.1.12.3. Product Benchmarking
- 6.1.12.4. Strategic Initiatives
- 6.1.1. Oracle
- 6.2. Strategy Mapping
- 6.2.1. Expansion
- 6.2.2. Acquisition
- 6.2.3. Product/Service Launch
- 6.2.4. Others
Product Code: GVR-4-68040-139-5
List of Tables
- Table 1 List of secondary sources
- Table 2 List of abbreviations
- Table 3 Global Data Monetization Solutions for Healthcare Payers Market, By Type, 2018 - 2030 (USD Million)
- Table 4 Global Data Monetization Solutions for Healthcare Payers Market, By Region, 2018 - 2030 (USD Million)
- Table 5 North America Data Monetization Solutions for Healthcare Payers Market, By Country, 2018 - 2030 (USD Million)
- Table 6 North America Data Monetization Solutions for Healthcare Payers Market, By Type, 2018 - 2030 (USD Million)
- Table 7 US Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 8 Canada Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 9 Europe Data Monetization Solutions for Healthcare Payers market, By Country, 2018 - 2030 (USD Million)
- Table 10 Europe Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 11 UK Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 12 Germany Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 13 France Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 14 Italy Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 15 Spain Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 16 Denmark Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 17 Sweden Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 18 Norway Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 19 Asia Pacific Data Monetization Solutions for Healthcare Payers market, By Country, 2018 - 2030 (USD Million)
- Table 20 Asia Pacific Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 21 Japan Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 22 China Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 23 India Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 24 Australia Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 25 Thailand Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 26 South Korea Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 27 Latin America Data Monetization Solutions for Healthcare Payers market, By Country, 2018 - 2030 (USD Million)
- Table 28 Latin America Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 29 Brazil Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 30 Mexico Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 31 Argentina Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 32 Middle East & Africa Data Monetization Solutions for Healthcare Payers market, By Country, 2018 - 2030 (USD Million)
- Table 33 Middle East & Africa Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 34 South Africa Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 35 Saudi Arabia Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 36 UAE Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
- Table 37 Kuwait Data Monetization Solutions for Healthcare Payers market, By Type, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value chain-based sizing & forecasting
- Fig. 6 Market formulation & validation
- Fig. 7 Data monetization solutions for healthcare, market segmentation
- Fig. 8 Market snapshot, 2022
- Fig. 9 Market Trends & Outlook
- Fig. 10 Market driver relevance analysis (current & future impact)
- Fig. 11 Market restraint relevance analysis (current & future impact)
- Fig. 12 Market challenge relevance analysis (current & future impact)
- Fig. 13 SWOT analysis
- Fig. 14 Porter's five forces analysis
- Fig. 15 Global data monetization solutions for healthcare payers market: Type movement & market share analysis
- Fig. 16 Global data monetization solutions for healthcare payers market, for Software, 2018 - 2030 (USD Million)
- Fig. 17 Global data monetization solutions for healthcare payers market, for Services, 2018 - 2030 (USD Million)
- Fig. 18 Regional marketplace: key takeaways
- Fig. 19 Regional outlook, 2022 & 2030
- Fig. 20 Global data monetization solutions for healthcare payers market: region movement analysis
- Fig. 21 North America data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 22 US key country dynamics
- Fig. 23 US data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 24 Canada key country dynamics
- Fig. 25 Canada data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 26 Europe data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 27 UK key country dynamics
- Fig. 28 UK data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 29 Germany key country dynamics
- Fig. 30 Germany data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 31 France key country dynamics
- Fig. 32 France data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 33 Italy key country dynamics
- Fig. 34 Italy data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 35 Spain key country dynamics
- Fig. 36 Spain data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 37 Denmark key country dynamics
- Fig. 38 Denmark data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 39 Sweden key country dynamics
- Fig. 40 Sweden data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 41 Norway key country dynamics
- Fig. 42 Norway data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 43 Asia Pacific data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 44 Japan key country dynamics
- Fig. 45 Japan data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 46 China key country dynamics
- Fig. 47 China data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 48 India key country dynamics
- Fig. 49 India data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 50 Australia key country dynamics
- Fig. 51 Australia data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 52 Thailand key country dynamics
- Fig. 53 Thailand data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 54 South Korea key country dynamics
- Fig. 55 South Korea data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 56 Latin America data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 57 Brazil key country dynamics
- Fig. 58 Brazil data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 59 Mexico key country dynamics
- Fig. 60 Mexico data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 61 Argentina key country dynamics
- Fig. 62 Argentina data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 63 Middle East and Africa data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 64 South Africa key country dynamics
- Fig. 65 South Africa data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 66 Saudi Arabia key country dynamics
- Fig. 67 Saudi Arabia data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 68 UAE key country dynamics
- Fig. 69 UAE data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 70 Kuwait key country dynamics
- Fig. 71 Kuwait data monetization solutions for healthcare payers market, 2018 - 2030 (USD Million)
- Fig. 72 Company/competition categorization
- Fig. 73 Strategy mapping
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