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Healthcare Business Intelligence Market Overview, Top Trends, Company Profiles, Growth Factors, Regional Forecast to 2023 - Driven by RCM, Inventory and Strategy Analysis
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Report provides a picture of the global healthcare business intelligence market. It aims at estimating the size and future growth potential of the market across different segments, such as componet, function, application, deployment model, end user, and region. The healthcare business intelligence market is dominated by North America, followed by Europe, Asia, and RoW. Market in North America is expected to witness highest growth during forecast period.
Healthcare business intelligence market is expected to reach USD 8.9 billion by 2023 from USD 4.4 billion in 2018, at a CAGR of 15.3% during forecast period. Factors like implementation of government initiatives to increase EHR adoption, growing adoption of data-driven decision-making, growing pressure to curb healthcare spending and improve patient outcomes, big data in healthcare, & increasing number of patient registries are expected to drive growth of market.
#Table of Content
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Healthcare Business Intelligence Market, By Component
7 Healthcare Business Intelligence Market, By Function
8 Healthcare Business Intelligence Market, By Application
9 Healthcare Business Intelligence Market, By Deployment Model
10 Healthcare Business Intelligence Market, By End User
11 Healthcare Business Intelligence Market, By Region
12 Competitive Landscape
13 Company Profiles
14 Appendix
Click Here for More Information on Healthcare Business Intelligence Market with Top Company Profiles, Overview and Trends at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=175696 .
The healthcare business intelligence market is segmented into OLAP & visualization, performance management, and query & reporting. In 2018, performance management segment is expected to grow at highest CAGR during the forecast period majorly due to advantages associated with these tools. Performance management tools help healthcare organizations measure, monitor, and track strategic goals and performance milestones.
North America is expected to account for largest share of healthcare business intelligence market. This market is also expected to grow at highest CAGR during forecast period. The increasing adoption of healthcare intelligence solutions and services by healthcare providers (especially in the US) to provide better quality care and lower healthcare costs is a major factor driving market growth.
List of Companies Profiled in the Report
• 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)
• BOARD International (Switzerland)
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IBM is one of the key players in the healthcare BI market and provides a comprehensive range of solutions for this market. IBM is an innovation-centric company; its R&D expenditure has increased substantially in 2017 as compared to 2015. In 2017, it invested 7.3% of its annual revenue in R&D activities. This significant investment allows the company to offer innovative solutions by adopting new product launches. With an aim to increase its footprint in various sectors, IBM has adopted inorganic strategies, such as acquisitions, collaborations, and partnerships.
The primary interviews conducted for this report can be categorized as follows:
• By Company Type - Tier 1: 37%, Tier 2: 22%, Tier 3: 41%
• By Designation - C-level: 25%, D-level: 20%, Others: 55%
• By Region - North America: 40%, Europe: 27%, Asia: 20%, RoW: 13%
The healthcare business intelligence market is segmented into OLAP & visualization, performance management, and query & reporting. In 2018, performance management segment is expected to grow at highest CAGR during forecast period majorly due to advantages associated with these tools. Performance management tools help healthcare organizations measure, monitor, and track strategic goals and performance milestones.
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