GIBF E Magazine AUG-SEPT-2019 GIBF The Business Tycoons Magazine Aug-Sept | Page 39

BIG DATA IN THE HEALTHCARE MARKET 2018 GLOBAL FORECASTS ANALYSIS, COMPANY PROFILES,
COMPETITIVE LANDSCAPE AND KEY REGIONS 2022 AVAILABLE AT MARKET RESEARCH FUTURE.
The Global Big Data in the Healthcare Market is expected to reach US$ 17,278.13 million by 2022, and the market is projected to grow
at a CAGR of ~ 20.69 % during the forecast period 2015-2022.
NATIONAL HEALTHCARE AND HOSPITAL CARE SPENDING
Hospitals have always been one of the major cornerstones of the healthcare industry. According to a survey on national health expenditures by
Centres for Medicare and Medicaid Services (or CMS), in 2011, hospital care accounted for a total of $850 billion of the total $2.7 trillion of
national health expenditures.
The National Health Expenditure Projections 2012–2022, written by CMS, suggests that healthcare spending will pick up in 2014 and reach
6.2% year-over-year. Nine million Americans are projected to have access to health insurance. Hospital care spending amounts to
approximately one-third of total healthcare spending. As payment models evolve and hospitals strive to introduce cost efficiencies, analysts
predict that growth in hospital care spending will be less than the remaining healthcare industry's spending.
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