Global healthcare data monetisation market to reach $1.16b by 2030

Thanks to the increasing commercial value of real-time patient data.

The global healthcare data monetisation market is projected to reach $1.16b by 2030 at a compound annual growth rate of approximately 15%, according to MarketsandMarkets.

The sector’s expansion is attributed to the increasing commercial value of real-time patient data and a growing emphasis on data-driven decision-making in life sciences.

“The participation of consumer health technology companies, including providers of digital therapeutics and remote monitoring solutions, is also accelerating the demand for secure and scalable data monetisation frameworks,” the report said.

Moreover, the emergence of data-as-a-service business models within healthcare is driving market growth.

Meanwhile, the growing use of cloud-native interoperability platforms, along with the increasing need for risk stratification and outcome benchmarking in payer-provider models, is expected to have a positive market impact.