Healthcare big data market continues to boom: 4 notes

The EHR replacement market will keep growing, as healthcare providers look to strengthen the technological sides of their businesses, according to a HealthIT report.

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Here are five notes:

1. The healthcare analytics market is expected to hit a $18.7 billion value by 2020, according to a MarketsandMarkets report. Big data infrastructure upgrades and add-ons will contribute to this growth.

2. The biometrics market in healthcare could reach a $12.5 billion value by 2024, according to a Tractica report. As administrative tasks become too time-consuming, healthcare providers will turn to biometrics to speed up the process and eliminate errors.

3. The telemedicine market is expected to see $2.9 billion in sales by 2019, according to WinterGreen Research. The healthcare industry is becoming patient-centric and patients want to be in the driver’s seat.

4. The global clinical documentation transcription market could reach a $60.6 million value in 2019, according to Transparency Market Research.

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