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Healthcare Data Monetization Market Size

Report ID: GMI12159
Published Date: Nov 2024
Report Format: PDF

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Healthcare Data Monetization Market Size

The global healthcare data monetization market size was valued at USD 516.2 million in 2023 and is expected to exhibit growth at a CAGR of 17.1% from 2024 to 2032. High market growth can be attributed to the increased adoption of digital health solutions, rising demand for data in decision-making, technological advancements in data analysis, among other contributing factors.

healthcare data monetization market

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Healthcare providers are leveraging data to make informed clinical decisions, improving patient outcomes through personalized treatment plans and evidence-based care. This shift towards data-driven practices has spurred demand for accessible, analyzable data, opening the door for healthcare data monetization as organizations seek reliable sources to support clinical decisions and patient care optimization.

Healthcare Data Monetization Market Report Attributes
Report Attribute	Details
Base Year:	2023
Healthcare Data Monetization Market Size in 2023:	USD 516.2 Million
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	17.1%
2024 – 2032 Value Projection:	USD 2.1 Billion
Historical Data for:	2021-2023
No. of Pages:	140
Tables, Charts & Figures:	188
Segments covered:	Monetization Type, Data Type, Application, End Use, and Region
Growth Drivers:	Increasing adoption of digital health solutions Rising demand for data in decision making Technological advancements in data analysis
Pitfalls & Challenges:	Data privacy and security concerns

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Additionally, hospital administrators and healthcare systems use data to enhance operational efficiencies, from resource allocation to staffing and patient flow management. High-quality data enables these organizations to predict patient needs and manage resources effectively, driving interest in monetized healthcare data that provides actionable insights and benchmarks to improve system-wide efficiency.

Healthcare data monetization is the process of generating economic value from healthcare data, such as patient information and medical records. The goal is to leverage the vast amounts of data generated in healthcare to drive innovation, improve patient outcomes, and enhance operational efficiency, all while ensuring privacy and ethical standards are maintained.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global healthcare data monetization industry was valued at USD 516.2 million in 2023 and is expected to grow at a 17.1% CAGR from 2024 to 2032, driven by the increased adoption of digital health solutions.

The direct monetization segment generated USD 353 million in 2023, as it allows healthcare organizations to sell or license their datasets directly to third parties, such as pharmaceutical companies and insurers.

The North America healthcare data monetization market recorded USD 235.6 million in 2023 and is anticipated to grow at a 16.6% CAGR from 2024 to 2032, led by a mature digital health ecosystem and substantial investments in healthcare IT.

Key players in the industry include Accenture, Change Healthcare, H1, IBM, Infor, Innovaccer, LexisNexis Risk Solutions, McKesson Medical-Surgical, Open Text Corporation, and Optum.