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Title Healthcare Data Monetization Market worth $0.9 billion by 2028
URL https://medium.com/@rp4258723/healthcare-data-monetization-market-worth-0-9-billion-by-2028-bc02c19246e9
Category Fitness Health --> Health Articles
Meta Keywords Healthcare Data Monetization Market, Healthcare Data Monetization Industry
Meta Description Based on type, the market is segmented into direct data monetization and indirect data monetization. The direct data monetization segment is expected to dominate the market in 2023.
Owner Healthcare101
Description
The Global Healthcare Data Monetization Market in terms of revenue was estimated to be worth $0.4 billion in 2023 and is poised to reach $0.9 billion by 2028, growing at a CAGR of 18.5% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The growth of EHR adoption primarily drives the market growth, the increase in use of external data sources, the need to curtail escalating healthcare costs, increasing partnerships and collaborations among players, and growing investments in advanced analytics. Additionally, factors such rising adoption of AI in precision medicine, and the explosion in bioinformatics data and large healthcare datasets are also contributing to the market growth.