Healthcare big data analysis market will be $52 mn by 2019, says ABI Research

Healthcare big data analysis will grow to a $52 million market by 2019, said ABI Research. Wearable wireless devices will be one of the growth drivers.

Spending on big data analysis reached $182.44 million worldwide last year, said ABI Research.

Also read: Global big data spending to exceed $31 billion in 2013, says ABI Research

ABI Research says nearly 42 million wearable wireless sports, fitness and wellness devices will ship worldwide in 2014. Wearable device players such as Fitbit, Nike, Jawbone and others will utilize big data and analytics to track their levels of activity. These device vendors will leverage the data to inform health management and healthcare provision.

Wearable Devices

Device collected data is generally open to exporting from devices and their manufacturer delivered data collection apps into third party applications.

Also read: IBM leads Big Data market in 2013, ahead of HP, Dell, SAP, Teradata, Oracle

“Millions of people are tracking their levels of activity daily and healthcare providers are increasingly examining ways to leverage this data to improve levels of care and efficiency,” said ABI Research principal analyst Jonathan Collins.

Cloud application players including and Validic are targeting wearable wireless sports, fitness and wellness device and smartphone application data to bring insights into personal medical records and in turn provide actionable healthcare data.

At present the concept and the development of bringing activity data into healthcare services is at its earliest stage. The report said the bulk of the big data spending in healthcare is geared toward providing the framework and infrastructure to support initiatives primarily around actuarial and pharma studies, said ABI Research.

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