Business Impact

The business impact of the project is analyzed in three main anticipated markets.

Health Data Processing Market

This market focuses on data processing of medical diagnostic tools based on AI models. According to Verified Market Research, the global market for medical diagnostic tools based on AI models has been valued at $1,035.7 million in 2019 and is forecast to reach $6,651.2 million by 2027, with growth by 26.04 percent between 2020 and 2027 16.

Health Data Analytics Market

Basically, this market is segmented into the following categories:

  • By Type: descriptive / retrospective, predictive, prescriptive, and cognitive analytics
  • By Application: financial, clinical, operational, and administrative analytics
  • By end users: public health systems, private healthcare providers, monitoring agencies, health insurance companies, clinical and medical research bodies, and technological vendors
  • Healthcare Knowledge Discovery and Ontology Market

    Based on Mordor Intelligence, this market in Europe is expected to hit a CAGR of 19% by the end of 2026. The use of advanced analytics improves productivity and insight with the data records in the healthcare sector. Advanced analytics helps healthcare organizations to consider health data ontologies as future benefits. The introduction of different coding and ontology systems, such as ICD-11, aims to enhance healthcare organizations’ performance and productivity, providing richer data that enables more proactive research by doctors, care managers, and health professionals.