The global demand for Healthcare Business Intelligence Market is presumed to reach the market size of nearly USD 20.17 MN by 2028 from USD 7.44 MN in 2021 with a CAGR of 15.3% under the study period 2022 - 2028.
Healthcare business intelligence is a technology-driven process that uses analytics and reporting tools to collect data-driven insights and improve patient care in healthcare organizations. It includes collecting large scale data from the healthcare industry and providing actionable insights. It is used in different aspects of operation and patient care processes, including treatment planning, based on symptoms and creating and tracking scorecards for readmission rates etc. It stores data in a centralized data warehouse completes the accurate analysis, and shares reports among departments. It assists in managing a budget and monitoring other key metrics. It ensures better clinical performance and patient outcomes.
Market Dynamics
The key factor driving the demand for the healthcare business intelligence market is the increasing number of patients in hospitals, clinics and similar healthcare providing institutions. The rising rate of chronic diseases along with growing demand for telehealth and remote patient monitoring for elderly patients are surging the demand for this market. Increasing expenditure for research and development proficiencies in the developed and developing economies is anticipated to fuel the growth of this market. Moreover, growing awareness about the advantages offered by healthcare business intelligence among small and medium players is expanding the demand for this market. The growth in the funding by the federal government across this region' are further pushing the demand for healthcare business intelligence in the market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of healthcare business intelligence. The growth and trends of healthcare business intelligence industry provide a holistic approach to this study.
Market Segmentation
This section of the healthcare business intelligence market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Platforms
- Software
- Services
By Function
- Query And Reporting
- Olap And Visualization
- Performance Management
By Application
- Financial Analysis
- Operational Analysis
- Clinical Analysis
By Deployment Model
- On-Premise Model
- Cloud-Based Model
- Hybrid Model
By End Use
- Payers
- Providers
- Other End Users
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Healthcare Business Intelligence market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Healthcare Business Intelligence Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the healthcare business intelligence market include Microsoft (US), IBM (US), Oracle (US), SAP SE (Germany), SAS Institute Inc. (US), Tableau Software (US), MicroStrategy Incorporated (US), QlikTech International AB (US), Information Builders (US), Sisense Inc. (US), Yellowfin BI (Australia), and BOARD International (Switzerland). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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