The Business Research Company’s report on the Healthcare Business Intelligence Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the healthcare business intelligence industry?
The rise in healthcare spending is expected to propel the growth of the healthcare business intelligence (BI) market going forward. Healthcare spending refers to all expenditures for the provision of health services, family planning activities, nutrition activities, and emergency aid designated for healthcare spending. Healthcare business intelligence offers various benefits for the improvement of patient safety and other healthcare improvements. As a result, a rise in healthcare spending increases the demand for the healthcare business intelligence market. For instance, in September 2024, according to The Centers for Medicare & Medicaid Services, a US-based federal agency published that In 2022, health care spending in the U.S. increased by 4.1%, totaling $4.5 trillion, which amounts to $13,493 per person. This represented 17.3% of the nation’s Gross Domestic Product (GDP). Therefore, the rise in healthcare spending is driving the healthcare business intelligence market.
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What is the estimated market size of the healthcare business intelligence sector by 2029, based on current forecasts?
The healthcare business intelligence market size has grown rapidly in recent years. It will grow from $10.38 billion in 2024 to $11.97 billion in 2025 at a compound annual growth rate (CAGR) of 15.3%. The growth in the historic period can be attributed to regulatory compliance, increased data integration, cost control, population health management, quality improvement.
The healthcare business intelligence market size is expected to see rapid growth in the next few years. It will grow to $21.75 billion in 2029 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to telehealth and remote monitoring, interoperability, concern over cybersecurity, pandemic preparedness, precision medicine. Major trends in the forecast period include real-time data analytics, predictive analytics, data security and privacy, cloud-based bi solutions, ai and machine learning.
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#Who are the top players in the healthcare business intelligence market?
Major companies operating in the healthcare business intelligence market include Microsoft Corporation, Oracle Corporation, Tableau Software, SAP SE, IBM Corporation, QlikTech International AB, Sisense Inc, SAS Institute Inc, BOARD International, Yellowfin BI, MicroStrategy Incorporated, Infor Inc, Domo Inc., Information Builders, Perficient Inc., Tibco Software Inc., Panorama Software Inc, Definitive Healthcare, Dimensional Insight Inc., Looker Data Sciences Inc., GoodData Corporation, Phocas Software, Pyramid Analytics Inc., Dundas Data Visualization Inc., Alteryx Inc., ThoughtSpot Inc., Rapid Insight Inc., Aptean Inc., Health Catalyst Inc., Arcadia.io Inc., MedeAnalytics Inc., McKesson Corporation, Optum Inc., Cerner Corporation, Allscripts Healthcare Solutions Inc., Athenahealth Inc., Epic Systems Corporation, GE Healthcare, Philips Healthcare, Siemens Healthineers, Change Healthcare
#What are the major trends in the healthcare business intelligence market?
Technological advancement is a key trend gaining popularity in the healthcare business intelligence market. Companies operating in business intelligence are developing innovative solutions to strengthen their market. For instance, in July 2022, Experity, a Brazil-based software services company, launched Experity Business Intelligence (BI). The new module is within Experity’s electronic medical record and practise management solution and features pre-built clinical, operational, and financial dashboards for urgent care.
Which geography holds the highest healthcare business intelligence market share?
North America was the largest region in the healthcare business intelligence market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare business intelligence market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How do different segments contribute to the overall expansion of the healthcare business intelligence market?
The healthcare business intelligence market covered in this report is segmented –
1) By Component: Platforms, Software, Services
2) By Function: Query and Reporting, OLAP and Visualization, Performance Management, Hybrid Model, Cloud-Based Model
3) By Mode of Delivery: On-Premise Model, Hybrid Model, Cloud-Based Model
4) By Application: Financial Analysis, Clinical Data Analysis, Patient Care Analysis, Other Applications
5) By End-User: Payers, Healthcare Providers, Other End-Users
Subsegments:
1) By Platforms: Cloud-Based Platforms, On-Premise Platforms,
2) By Software: Analytics Software, Reporting Software, Data Visualization Tools, Dashboard Software
3) By Services: Consulting Services, Implementation Services, Training and Support Services, Maintenance Services
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What defines the structure and scope of the healthcare business intelligence market?
Healthcare business intelligence refers to dashboards, metrics, reports, and solutions designed to identify patterns and help drive outcomes. Healthcare providers use business intelligence to achieve the insight they need to increase revenue, reduce costs, and improve patient safety and outcomes.
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