The healthcare data monetization market was estimated to be worth USD 921.1 million globally in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 16.0% over the course of the forecast period. Solutions for healthcare data monetization include a range of tactics and technology that let healthcare institutions make money out of the data they have collected. The importance of real-world data (RWD) for drug development, customized medicine, and other uses is becoming more widely acknowledged by healthcare stakeholders, especially pharmaceutical corporations and researchers.

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Massive volumes of data are produced by the growing use of electronic health records and other digital healthcare systems, opening up new revenue-generating potential. Big data analytics technologies and cloud infrastructure are crucial for handling and processing the massive amounts of data produced in the healthcare industry, which facilitates its monetization.

Growth Drivers

The need for data-driven insights is fueled by the expanding emphasis on patient-centric care, as well as the rising demand for telehealth and remote monitoring. These factors also accelerate the development of data monetization solutions in the healthcare sector. Furthermore, the necessity of safe data sharing and monetization is highlighted by evolving legal frameworks and compliance requirements, which promote the creation of creative solutions that guarantee security, privacy, and compliance in the use and exchange of healthcare data.

The digitization of healthcare services and rising healthcare costs in emerging economies are major factors driving market demand. Due to increased investment for technical breakthroughs and the creation of these tools, the healthcare data monetization solutions business is known for its high level of innovation. These solutions include tailored treatment recommendations based on patient EHR data and predictive analytics tools for community health management.

Segmentation

Healthcare Data Monetization Solutions Type

·         Direct Data Monetization

o   Software

o   Services

·         Indirect Data Monetization

o   Software

o   Services

Healthcare Data Monetization Solutions: Mode of Deployment

·         On-Premises

·         Cloud

Healthcare Data Monetization Solutions Facility Size

·         Small & Medium Facilities

·         Large Facilities

Healthcare Data Monetization Solutions End User Segmentation

·         Healthcare Payers

·         Life Science Companies

·         Healthcare Providers

By Region

·         Asia-Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Key Players

·         Oracle

·         Microsoft

·         Google

·         Salesforce, Inc.

·         SAP

·         SAS Institute Inc.

·         Accenture

·         Infosys Limited

·         Cisco Systems, Inc.

·         Siemens

·         Exactech, Inc.

·         Particle Health, Inc.

·         Snowflake Inc.

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