Market Overview:
The global business intelligence in healthcare market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing demand for cloud-based and mobile BI solutions, rising adoption of big data and analytics in the healthcare sector, and growing need for real-time information across the value chain. The traditional BI segment accounted for the largest share of the global business intelligence in healthcare market in 2017. However, the cloud-based BI segment is expected to grow at a higher CAGR during the forecast period owing to its advantages such as scalability, flexibility, and cost-effectiveness.
Product Definition:
The definition of Business Intelligence is the process or set of processes used to transform raw data into meaningful and useful information for business analysis purposes. The purpose of Business Intelligence in Healthcare is to provide healthcare professionals with the information they need to make informed decisions about patient care, hospital operations, and other aspects of healthcare.
Traditional:
Traditional, also known as non-analytic or off-the-shelf BI is the most widely used type of business intelligence (BI) in healthcare industry. It includes data warehousing and related tools, query reporting & analysis tools, OLAP & visualization tools along with basic analytics like descriptive statistics, trend analysis and forecast.
It's usage in healthcare sector has been growing gradually over last few years due to emergence of big data technologies such as Hadoop.
Cloud:
Cloud and it's usage in business intelligence in healthcare market is a service model that provides shared pool of data, software as a service (SaaS), and platform as a service (PaaS) resources over the internet. It helps to store large volumes of patient information on digital platforms which can be easily accessed by medical practitioners at any point of time.
Application Insights:
The application segment is segregated into financial and clinical applications. The financial application segment dominated the global business intelligence in healthcare market, accounting for over 60% of the revenue share in 2017. This growth can be attributed to increasing demand for effective information management across various departments within an organization, such as sales, marketing & product development and human resources. Furthermore, growing adoption of cloud computing has enabled hospitals to effectively utilize technology while reducing costs associated with hardware installation and maintenance.
The clinical application segment is expected to grow at a significant rate during the forecast period owing to rising need for effective data management among medical professionals as well as patients suffering from chronic diseases or conditions requiring long-term care & treatment facilities. Moreover, technological advancements in mobile BI solutions are expected to drive their adoption among clinicians worldwide.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in healthcare IT infrastructure and growing adoption of advanced technologies such as big data analytics, cloud computing, and mobile BI applications.
The Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising number of initiatives undertaken by governments across various countries for implementation of advanced healthcare information systems (HCIS). In addition, increasing penetration rates for smartphones coupled with rapid technological advancements are some other factors contributing toward regional growth.
Europe was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for Business Intelligence in Healthcare market from small and medium-sized enterprises (SMEs) due to the benefits of BI solutions such as improved decision making, increased operational efficiency, and better customer service.
- The increasing use of big data analytics in the healthcare sector to improve patient care and reduce costs.
- The growing trend of cloud-based BI solutions among healthcare providers due to the advantages such as scalability, flexibility, and cost-effectiveness.
- The increasing focus on population health management by healthcare providers to improve patient outcomes while reducing costs.
- The rising demand for real-time intelligence from hospitals and other healthcare providers to make timely decisions that can impact patient care
Scope Of The Report
Report Attributes
Report Details
Report Title
Business Intelligence in Healthcare Market Research Report
By Type
Traditional, Cloud, Mobile
By Application
Clinical, Financial
By Companies
IBM, Microsoft, Oracle, SAP
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Business Intelligence in Healthcare Market Report Segments:
The global Business Intelligence in Healthcare market is segmented on the basis of:
Types
Traditional, Cloud, Mobile
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clinical, Financial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Microsoft
- Oracle
- SAP
Highlights of The Business Intelligence in Healthcare Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Traditional
- Cloud
- Mobile
- By Application:
- Clinical
- Financial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Business Intelligence in Healthcare Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Business intelligence (BI) is a term used to describe the use of data analysis and reporting tools to improve decision making in an organization. BI can help healthcare organizations identify patterns, trends, and insights that can help them make better decisions about their operations. This information can then be used to improve patient care or manage resources more effectively.
Some of the major companies in the business intelligence in healthcare market are IBM, Microsoft, Oracle, SAP.
The business intelligence in healthcare market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Business Intelligence in Healthcare Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Business Intelligence in Healthcare Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Business Intelligence in Healthcare Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Business Intelligence in Healthcare Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Business Intelligence in Healthcare Market Size & Forecast, 2018-2028
4.5.1 Business Intelligence in Healthcare Market Size and Y-o-Y Growth
4.5.2 Business Intelligence in Healthcare Market Absolute $ Opportunity
Chapter 5 Global Business Intelligence in Healthcare Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Business Intelligence in Healthcare Market Size Forecast by Type
5.2.1 Traditional
5.2.2 Cloud
5.2.3 Mobile
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Business Intelligence in Healthcare Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Business Intelligence in Healthcare Market Size Forecast by Applications
6.2.1 Clinical
6.2.2 Financial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Business Intelligence in Healthcare Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Business Intelligence in Healthcare Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Business Intelligence in Healthcare Analysis and Forecast
9.1 Introduction
9.2 North America Business Intelligence in Healthcare Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Business Intelligence in Healthcare Market Size Forecast by Type
9.6.1 Traditional
9.6.2 Cloud
9.6.3 Mobile
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Business Intelligence in Healthcare Market Size Forecast by Applications
9.10.1 Clinical
9.10.2 Financial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Business Intelligence in Healthcare Analysis and Forecast
10.1 Introduction
10.2 Europe Business Intelligence in Healthcare Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Business Intelligence in Healthcare Market Size Forecast by Type
10.6.1 Traditional
10.6.2 Cloud
10.6.3 Mobile
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Business Intelligence in Healthcare Market Size Forecast by Applications
10.10.1 Clinical
10.10.2 Financial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Business Intelligence in Healthcare Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Business Intelligence in Healthcare Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Business Intelligence in Healthcare Market Size Forecast by Type
11.6.1 Traditional
11.6.2 Cloud
11.6.3 Mobile
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Business Intelligence in Healthcare Market Size Forecast by Applications
11.10.1 Clinical
11.10.2 Financial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Business Intelligence in Healthcare Analysis and Forecast
12.1 Introduction
12.2 Latin America Business Intelligence in Healthcare Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Business Intelligence in Healthcare Market Size Forecast by Type
12.6.1 Traditional
12.6.2 Cloud
12.6.3 Mobile
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Business Intelligence in Healthcare Market Size Forecast by Applications
12.10.1 Clinical
12.10.2 Financial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Business Intelligence in Healthcare Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Business Intelligence in Healthcare Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Business Intelligence in Healthcare Market Size Forecast by Type
13.6.1 Traditional
13.6.2 Cloud
13.6.3 Mobile
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Business Intelligence in Healthcare Market Size Forecast by Applications
13.10.1 Clinical
13.10.2 Financial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Business Intelligence in Healthcare Market: Competitive Dashboard
14.2 Global Business Intelligence in Healthcare Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Microsoft
14.3.3 Oracle
14.3.4 SAP
