Product Code: RP-ID-10167288 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10167288
Market Overview:
Global Healthcare Business Intelligence Market Size study, by Component (Platforms, Software, Service), by Function (Olap & Visualization, Performance Management, Query and Reporting), by Application (Financial Analysis, Clinical Analysis, Operational Analysis), By Deployment Model (On-premise Model, Hybrid Model, Cloud-Based Model), by End-User (Healthcare Payer, Healthcare Provider) and Regional Forecasts 2019-2026
Global Healthcare Business Intelligence Market is valued approximately USD 4.5 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 15.40% over the forecast period 2019-2026. Healthcare business intelligence is the aggregation, analysis and use of clinical, financial, operation and non-traditional data captured from internal and external sources of the healthcare settings to make effective decision making. It has the power to positively impact patient care delivery, health outcomes, and business operations. It has the power to positively impact patient care delivery, health outcomes, and business operations. Emergence of big data in the healthcare industry, increasing demand to curtail healthcare expenditure and improve patient outcome, rising number of patient registries and growing adoption of data-driven decision making are the few factors responsible for high CAGR of the market over the forecast period. For instance, as per the Evariant, Inc. big data is assisting the healthcare sector to transform the industry, paving the way for a more efficient and effective future. The big data is expected to add USD 300 million per year to the USD 2.8 trillion healthcare industry in 2019. Moreover, growing demand for cloud-based healthcare BI solutions, increasing focus on value-based medicine and growing use of BI in precision and personalized medicines are the few likely to create lucrative growth opportunity to the market in the upcoming years. However, high investment requirement and lack of flexibility are few factors anticipated to hampering the growth of global Healthcare Business Intelligence market during the forecast period.
The regional analysis of global Healthcare Business Intelligence Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share to the rising implementation of healthcare intelligence solutions and services by healthcare providers to offer enhanced quality care and inferior healthcare expenses. However, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Owing to rising investment in the healthcare infrastructure and increasing demand for EHR adoption in the region.
Major market player included in this report are:
Microsoft
IBM
Oracle
SAP
SAS Institute
Tableau Software
MicroStrategy
Qlik Technologies
Sisense
Information Builders
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Platforms
Software
Service
By Function:
Olap & Visualization
Performance Management
Query and Reporting
By Application:
Financial Analysis
Clinical Analysis
Operational Analysis
By Deployment Model:
On-premise Model
Hybrid Model
Cloud-Based Model
By End-User:
Healthcare Payer
Healthcare Provider
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Healthcare Business Intelligence Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
IBM
Oracle
SAP
SAS Institute
Tableau Software
MicroStrategy
Qlik Technologies
Sisense
Information Builders
Related Reports
Proof of Quality & Reliability
