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Healthcare Business Intelligence Market to grow at a CAGR of 9.9% from 2021-2027 | Valuates Reports
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 2021-2027The 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.
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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 business intelligence 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 business intelligence market.
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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 and Country-level Analysis
➣North America
➣United States
➣Canada
➣Asia-Pacific
➣China
➣Japan
➣South Korea
➣India
➣Southeast Asia
➣Australia
➣Rest of Asia-Pacific
➣Europe
➣Germany
➣France
➣U.K.
➣Italy
➣Russia
➣Nordic Countries
➣Rest of Europe
➣Latin America
➣Mexico
➣Brazil
➣Rest of Latin America
➣Middle East & Africa
➣Turkey
➣Saudi Arabia
➣UAE
➣Rest of MEA
Top 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
Similar Reports:
Healthcare Analytics Market: https://reports.valuates.com/market-reports/ALLI-Manu-2W72/healthcare-analytics
Healthcare IT Market: https://reports.valuates.com/market-reports/ALLI-Manu-2F1/healthcare-it
Healthcare Supply Chain Management Market: https://reports.valuates.com/reports/QYRE-Othe-1Z479/healthcare-supply-chain-management
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