Market Research Report
Global Data Exchange in Healthcare Market Forecast 2021-2028
|Published by||Inkwood Research||Product code||991404|
|Published||Content info||165 Pages
Delivery time: 2-3 business days
|Global Data Exchange in Healthcare Market Forecast 2021-2028|
|Published: March 1, 2021||Content info: 165 Pages||
The global data exchange in healthcare market is set to project a CAGR of 23.66% during the forecast period, 2021-2028. The factors propelling the market growth are the rising digitization of healthcare data, the emergence of data-driven social partnerships, and the data sharing and monetization benefits.
Data exchange in healthcare has evolved with healthcare digitization. Data is increasingly collected in large volumes by satellites, sensors, and mobile phones. The access to varied data sources, including the data outside the public domain, provides insights for many societal challenges. This leads to the emergence of new forms of partnerships between private, non-governmental, and public sectors for leveraging data for positive societal impact and the public good. These are termed 'Data Driven Social Partnerships.' Companies worldwide have included it as part of corporate social responsibility. Such aspects will aid in addressing societal problems through data sharing. However, the lack of expertise and security concerns about patient's data are projected to hinder the market growth.
The global data exchange in healthcare market growth assessment includes the analysis of Asia-Pacific, Europe, North America, and rest of world. North America dominated the global market in 2020. The booming healthcare sector, rising health applications like mHealth, and increasing government initiatives contribute to the market prospects of North America.
The competitive rivalry is intense, with players competing across key regions. They are vying for large market shares through expansions and new product developments. Some of the key players in the market include, Cloudticity, Burstiq LLC, Cloudtag Inc, Datavant, Cloudera, Definitive Healthcare, etc.