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Business Intelligence In Healthcare Industry

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Factors driving growth in Healthcare Business Intelligence Market are the 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, and the increasing number of patient registries.

The healthcare business intelligence platforms segment are expected to account for the largest share of the market. The large share of this market segment is mainly driven by the increasing requirement for customized BI solutions catering to individual requirements of organizations and allowing them the flexibility to build and integrate BI solutions into existing healthcare business applications for higher efficiency and reduced costs.
Q: What is the market size of Healthcare Business Intelligence Market?
Ans: The global market size of Healthcare Business Intelligence Market is projected to reach USD 8.9 billion by 2023, from an estimated USD 4.4 billion in 2018
Q: What is the forecast period considered in Healthcare Business Intelligence Industry Report?
Ans: Forecast period considered for Healthcare Business Intelligence Market is 2018–2023.
Q: What is the growth rate of Healthcare Business Intelligence Market?
Ans: The Healthcare Business Intelligence Market is growing at a CAGR of 15.3%
Q: What segments are covered in Healthcare Business Intelligence Forecast Report?
Ans: Segments covered in Healthcare Business Intelligence Market are Component, Application, End User and Region.
Q: What geographies are covered in Healthcare Business Intelligence Industry Analysis Report?
Ans: Major geographies covered in Healthcare Business Intelligence Market are North America, Europe, the Asia Pacific, and the Rest of the World.
Q: Who are the key market players in Healthcare Business Intelligence Market Research Report?
Ans: The major players in the global market include 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), and BOARD International (Switzerland).
Q: Which region accounted for largest share in Healthcare Business Intelligence Market?
Ans: The North America region accounted for the largest share of the market in 2018
Financial analysis segment are expected to account for the largest share of the market. Due to the rising focus of payers on the early detection of fraud and reducing preventable costs, the market for financial analysis is expected to register a significant growth during the forecast period.
The payers segment is expected to account for the largest share of the market. Factors such as rising healthcare costs; the growing need to increase memberships and curb fraudulent claims, optimize provider networks, and reduce operational costs; and increasing competition are compelling healthcare payers to adopt BI solutions.
The high growth of the North American market can be attributed to 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.

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