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Healthcare Business Intelligence Market Size, Share & Trends Analysis Report By Type, By Application, and Segment Forecasts 2021 to 2027
Published Date: October 2021
|
Report Code: QYRE-Othe-4V402
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Healthcare Business Intelligence Market

Healthcare Business Intelligence Market Size, Share & Trends Analysis Report By Type, By Application, and Segment Forecasts 2021 to 2027

Code: QYRE-Othe-4V402
Report
October 2021
107 Pages
QYResearch
Region: Global,
Description
Table of Content
Tables & Figures

Healthcare Business Intelligence (BI) Market Statistics 2027

The global Healthcare Business Intelligence market size is projected to reach US$ 8379.9 million by 2027, from US$ 4205.7 million in 2020, at a Compound Annual Growth Rate (CAGR) of 9.9% during the forecast period 2021-2027. The increasing adoption of this software by hospitals, health providers, payers, and life sciences manufacturers to convert their data into useful dashboards and graphs in order to make business-critical decisions. The emergence of cloud-based business intelligence (BI) solutions, rising adoption of mobile-based BI solutions along the increasing requirement for better cost management are a few key factors boosting the growth.

Healthcare Business Intelligence (BI) Market

End-users benefit from the dashboard's interactive graphs, which allow them to manage revenues, patient care status, service rate comparisons, patient admission patterns, and simple access to patient data by age, gender, and Emergency Room (ER) visits without having to sift through endless data. End-users can use graphs in BI-enabled analytics to make data-driven decisions that cut operating costs, improve service. These features offered by BI solutions are expected to drive the growth of the healthcare BI market.

The rise of big data is expected to provide a lucrative growth opportunity for the healthcare business intelligence market. These solutions help users increase productivity and efficiency in a variety of applications, including health care, financial management, workforce management, and administration.

The industry has been revolutionized as cloud computing has become more widely adopted around the world. The widespread availability of cloud-based analytics and business intelligence tools, as well as their numerous uses, is altering the industry. Manufacturers and providers are focusing on improving patient care and revenue optimization, which is driving up demand for cloud-based software. The adoption of cloud-based healthcare business intelligence solutions by providers to improve revenue cycle management, supply chain management, and performance management, is expected to drive the growth of the healthcare BI market.

Healthcare Business Intelligence (BI) Market

Healthcare Business Intelligence (BI) Market Segment Overview

Based on application, the financial analysis segment is expected to be the most lucrative during the forecast period. The market for financial analysis is predicted to rise significantly during the projected period, owing to payers' increased focus on early identification of fraud and lowering avoidable expenditures.

Based on region, North America is expected to be the most lucrative segment. The rising adoption of healthcare intelligence solutions and services by healthcare providers (particularly in the US) to provide better quality treatment and decrease healthcare costs is a prominent driver driving market expansion in the North American industry.

Healthcare Business Intelligence Market by Type

  • Traditional BI
  • Cloud BI
  • Mobile BI

Healthcare Business Intelligence Market by Application

  • Clinical
  • Financial Analysis
  • Operational Performance & Cost Management

Healthcare Business Intelligence Market by Regional/Country-Level Analysis

  • North America
  • United States
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Australia
  • Rest of Asia-Pacific
  • Latin America
  • Mexico
  • Brazil
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

In the competitive analysis section of the report, leading as well as prominent players of the global Healthcare Business Intelligence market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2016-2021.

Top Major Players in the Healthcare Business Intelligence Market

  • IBM Corporation
  • Information Builders
  • Microsoft Corporation
  • MicroStrategy
  • Oracle Corporation
  • Qlik Technologies, Inc
  • SAP AG
  • SAS Institute, Inc
  • TIBCO Software Inc
  • MicroStrategy
  • Oracle Corporation
  • Siemens Healthcare
  • Perficient, Inc.
  • Others

Scope of the Healthcare Business Intelligence (BI) Market Report

Report Metric

Details

Report Name

Healthcare Business Intelligence (BI) Market

The market size in 2020

USD 4205.7 Million

The revenue forecast in 2027

USD 8379.9 Million

Growth Rate

Compound Annual Growth Rate (CAGR) of 9.9% from 2021 to 2027

Market size available for years

2021-2027

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Frequently Asked Questions About This Report

1. How big is the Healthcare Business Intelligence (BI) Market?

Ans. The global Healthcare Business Intelligence market size is projected to reach US$ 8379.9 million by 2027, from US$ 4205.7 million in 2020, at a Compound Annual Growth Rate (CAGR) of 9.9% during the forecast period 2021-2027.

2. What are the upcoming trends in Healthcare Business Intelligence (BI) Industry?

Ans. The emergence of cloud-based business intelligence solutions, rising adoption of mobile-based BI solutions along with the increasing requirement for better cost management are a few key factors boosting the growth.

3. Which region is and will provide more business opportunities for Healthcare Business Intelligence (BI) in future?

Ans. North America will provide more business opportunities for Healthcare Business Intelligence (BI) in future.

4. Who are the key players in Healthcare Business Intelligence (BI) Market?

Ans. Some key players operating in the healthcare business intelligence market are IBM Corporation, Information Builders, Microsoft Corporation, MicroStrategy Inc, ORACLE CORPORATION, Qlik Technologies Inc., SAP SAS Institute Inc, TIBCO Software Inc

5. Which is the most influencing segment growing in the Healthcare Business Intelligence (BI) Industry report?

Ans. The financial analysis segment is expected to be the most lucrative during the forecast period.

6. What are the segments of the Healthcare Business Intelligence (BI) Market?

Ans. The Healthcare Business Intelligence (BI) Market is segmented on the basis of type, application, and region.

TABLE OF CONTENT

 

LIST OF TABLES & FIGURES

 

 
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