Global Healthcare Business Intelligence (BI) Market by Product Types, Functions, Deployments, End-users, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026.

The global healthcare business intelligence (BI) market was valued at USD 5 billion in 2019 and is projected to reach over USD 12 billion by 2026, expanding at a CAGR of more than 13% during the forecast period, 2020–2026. The growth of the market is attributed to the rising need to improve the overall business workflow in healthcare worldwide.

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Business knowledge (BI) is an innovation driven procedure wherein, a wide scope of devices, applications, techniques, and advances are utilized by associations to gather information from both inside and outside sources, orchestrate it for investigation, create and run queries against the data. BI technologies offer historical, current, and future perspectives on business activities to the administrators, supervisors, and other corporate end clients so as to help with settling on better-educated business choices. Healthcare business intelligence is the conglomeration, investigation, and utilization of clinical, monetary, operational, and non-conventional information captured from inner and outer sources of the healthcare settings to settle on viable decision making.

Market Trends, Drivers, Restraints, and Opportunities:

Growing adoption of big data in the healthcare industry is driving the growth of the market.
Increasing number of patient registries is a favorable factor driving the market growth.
Expanding appropriation of data-driven decision-making is also a key factor driving the growth of the market.
Rising cost of implementation for the healthcare BI projects is acting as a restraint for the growth of the market.
Increasing cyber security concerns due large surface area of the network is a restraint in the market growth.
Rising number of compliances to various regulatory frameworks globally is a restraint for the growth of the market.
The unexplored markets of emerging economies and the use of latest technologies are opportunities for the market growth.

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Competitive Landscape:

Some of the other key players operating in the market include Oracle Corporation, SAP SE, Microsoft Corporation, Salesforce.com Inc., Tableau Software Inc., TIBCO Software Inc., Sisense Inc., Domo Inc., Looker Data Sciences Inc., and Infor Inc. The major market players gain edge in the market by activities of mergers & acquisitions and investing in research & development to offer various product offerings.

The global healthcare business intelligence (BI) market has been segmented on the basis of

Product types

Platforms
Software
Services

Functions

OLAP & Visualization
Performance Management
Query & Reporting

Deployments

On-premise
Hybrid
Cloud-based

End-users

Healthcare payers
Private Insurance Companies
Government Agencies
Employers and Private Exchanges

Healthcare providers

Hospitals
Physician Practices
Post-Acute Care Organizations
Ambulatory Care Settings

Healthcare manufacturers

Class I medical devices
Class II medical devices
Class III medical devices

Applications

Financial Analysis

Claims Processing

Revenue Cycle Management
Payment Integrity and Fraud, Waste, & Abuse (FWA)
Risk Adjustment and Risk Assessment

Clinical Analysis

Supply Chain Analysis
Workforce Analysis
Strategic Analysis

Operational Analysis

Quality Improvement and Clinical Benchmarking

Clinical Decision Support
Regulatory Reporting and Compliance
Comparative Effectiveness
Precision Health
Patient Care

Regions

Asia Pacific
China
India
Japan

North America

S.
Canada

Latin America

Brazil
Mexico

Europe

Germany
K.
France

Middle East & Africa

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The demand and supply dynamics offered in the report give a 360 degree view of the market.
Our report helps readers decipher the current and future constraints in the Healthcare Business Intelligence (BI) Market, and help them formulate optimum business strategies to maximize growth in the market.

Table of Contents

Executive Summary
Assumptions and Acronyms Used
Research Methodology
Healthcare Business Intelligence (BI) Market Overview
Global Healthcare Business Intelligence (BI) Market Analysis and Forecast by Type
Global Healthcare Business Intelligence (BI) Market Analysis and Forecast by Application
Global Healthcare Business Intelligence (BI) Market Analysis and Forecast by Sales Channel
Global Healthcare Business Intelligence (BI) Market Analysis and Forecast by Region
North Healthcare Business Intelligence (BI) Market Analysis and Forecast
Latin Healthcare Business Intelligence (BI) Market Analysis and Forecast
Europe Healthcare Business Intelligence (BI) Market Analysis and Forecast
Asia Pacific Healthcare Business Intelligence (BI) Market Analysis and Forecast
Middle East & Africa Healthcare Business Intelligence (BI) Market Analysis and Forecast
Competition Landscape

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